BusinessWeek Mindanao (June 16-22, 2013)

Impasse on wealth-sharing annex stalls GPH-MILF talks Page 8

Opinion: “We need better than best”

Opinion: “The BSP and other central banks in the world”

Page 6

Villar: Enterpreneurship is the key to Finacial Indepence Page 12

Page 7

BusinessWeek Volume IV, No. 2

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Businessman Manuel V. Pangilinan, Philippine Long Distance Company (PLDT) chairman of the board, announces his business group’s plan to help provide power in Mindanao, at the press conference after the PLDT annual stockholders’ meeting, Friday, June 14, 2013, at Makati Shangri-La. Looking on is lawyer Maria Jane C. Paredes, senior manager, VisMin Public Affairs, Smart Communications, Inc.

Pangilinan announces power-gen investment in Northern Mindanao

By Cheng Ordonez, Editor-in-Chief

MAKATI CITY —Philippine Long Distance Company (PLDT) Chairman Manuel V. Pangilinan has announced his business group’s venture to provide power in Mindanao by eyeing investment in coal-powered plant operation in Northern Mindanao. “ To h e l p e a s e t h e island’s power problem,” said Pangilinan in a press conference held Friday, June 14, 2013, even as he said that there are already preliminary talks with a Mindanao-based power generation company for a joint venture in coalfired power plant.

“We’d like to be part of the solution with regard

to the power situation in Mindanao,” Pangilinan told reporters shortly after the annual PLDT stockholders’ meeting.

Pangilinan said that the Manila Electric Co. (Meralco), which he also chairs, is interested to invest in power generation in Mindanao. He noted that Meralco, the country’s largest

electric distribution utility, is willing to place its money to help Mindanao achieve stable power supply in the coming years.

There are at least two c o a l p l ant proj e c t s i n Mindanao currently under construction, one in Davao City by the Aboitiz Power Corp. and the other in Maasim, Sarangani by the

Sarangani Energy Corp. of the Alcantara Group.

Steag State Power, Inc. in Villanueva town, Misamis Oriental, operates the only existing coal-fired power plant in the island that has a capacity of 210 megawatts.

Another company, the FDC Utilities Inc., is also coming into play soon with a scheduled ground-breaking

in July, this year, also in Villanueva town, Misamis Oriental.

Pa n g i l i n a n d i d n o t identify the Mindanao-based power generation company his group is currently talking with. However, MindaNews was able to confirm that Pangilinan’s group is talking with the Alcantara Group.

“We have received many

offers both [from] local and foreign groups who are interested in taking an equity position in our power projects and in ACR (Alsons Consolidated Resources, Inc.)…And yes, the MVP group is one of them,” Alcantara said in a text message forwarded by one of his senior executives. announces/PAGE 11

sustaining growth Cynthia Villar to pour livelihood projects in M’nao NYC: Join summer Joblessness, top businessmen’s concerns

By Christine H. Cabiasa

C AG AYA N D E O R O S e n ator- el e c t Cy nt h i a Villar has vowed to pour different livelihood projects in Mindanao, specifically the plastic recycling project in which it would generate jobs

Sen.-elect Cynthia Villar

for the people in the region.

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

As an advo cate for producing livelihood projects, as she believes it will improve the lives of every Filipino, Sen. Villar will chair the agriculture and fisheries

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

Also, Sen. Villar said she will focus on small, medium, and micro enterprises especially on the agriculture sector as it will boost the economy and will empower small businesses alike.

“Since we are labor villar/PAGE 11

projects in TAYO 11 Search

SUMMER’S over, and while a lot of students are currently on their fresh days back to school, the National Youth Commission (NYC) hoped that they were able to make their summer productive by encouraging them to enter their summer projects in the 11th S earch for Ten Accomplished Youth Organizations (TAYO 11).

“Most youth organizations we encountered regularly spend their summer doing projects to help out their projects/PAGE 11

(First of four parts)

BU SI N E S SM E N e x p e c t President Aquino’s third State of the Nation Address to focus on the need to pass priority legislative measures that would attract more foreign direct investments SPECIAL and encourage local businesses to address the pressing need for jobs creation and sustain the country’s economic growth.

Atty. Miguel Varela, president of the Philippine Chamber of C ommerce and Industry, said that the business community would

like to pursue some economic enhancing measures that would make the country more attractive for foreign investors to do business.

“Am sure he will talk about the gains REPORT of the economy, but we from business would like to hear the administration’s priority economic bills,” Varela said.

UNIFIED STAND Already, business groups are banding together to present a common priority legislative measures they concerns/PAGE 11

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2 Palace hopes govt, MILF panels resolve remaining issues in peace talks YO U R L O C A L B U S I N E S S PA P E R

June 16-22, 2013

MALACANANG hopes the government and the Moro Islamic Liberation Front (MILF) peace panels could soon resolve the three remaining annexes in the peace talks for the eventual signing of a peace agreement with Muslim separatists.

The MILF, particularly its ground commanders, reportedly expressed dissatisfaction with the recent pace of the talks as both sides

miss the target date for the signing of a final peace pact.

But Deputy Presidential spokesperson Abigail Valte said both sides have been

56 new classrooms for remote villages in Region 12

By Allen V. Estabillo

GENERAL SANTOS CITY – The Department of Social Welfare and Development (DSWD) in Region 12 has completed 56 additional classroom projects worth P33.53 million through the World Bank-supported anti-poverty program Kalahi-CIDSS. Gemma Rivera, DSWD Region 12 assistant director, said Friday the new classroom buildings were all completed and turned over by the agency to the beneficiaries in time for the formal opening of classes last June 3.

She said most of these classrooms were constructed in public elementary and secondary schools that were located in remote villages in the region.

Southwestern Mindanao comprises the provinces of South Cotabato, Sultan Kudarat, Sarangani, North Cotabato and the cities of General Santos, Koronadal, Tacurong, Kidapawan and Cotabato. She said the projects, which were mainly aimed at helping ease the problems on classroom shortage in the region, were implemented in 25 public schools in the provinces of Sarangani, North Cotabato and Sultan Kudarat.

The newly-completed classrooms replaced “dilapidated, classrooms/PAGE 11

spending longer time in threshing out the three remaining annexes which ne got i ators c ons i d e re d delicate.

“Ang tatlo kasing annexes na natira, medyo mabigat ang mga nilalalaman, and of course, it is in everybody’s interest na upuan nang mabuti at suriin kung ano ang mga ilalaman ng mga annexes na ito,” Valte said in a radio interview Saturday over government-run dzRB Radyo ng Bayan.

“Again, we’re hoping to see a resolution to this and we’re hoping for a way forward from the three annexes that are left.” Asked about the government’s position on wealth-sharing, Valte decline to answer saying she’s leaving some details of the discussions to be announced the panels. milf/PAGE 11

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Photo (from left) Philhealth vice president Gregorio C. Rulloda; Cottolengo Filipino Inc. president and executive director Fr.Julio Ortega; Cottolengo officers Benz Guerrero and Fr.Stefan Bulai; Philhealth executive officers Dr. Alexander A. Ayco, Gilda Salvacion Diaz, and Elizabeth S. Fernandez; Philhealth VP Shirley B. Domingo and Philhealth NCR South branch manager Leticia P.Portugal witness the turnover of P1.14 million check from Philhealth to Cottolengo Filipino, a DSWD-accredited non–government organization helping children 18 years old and below with special needs such as autism, down syndrome, retardism and cerebral palsy who were mostly abandoned in hospitals, on Tuesday (June 11, 2013) at Primero Casa Filipino in Scout Torillo, Quezon City. pna photo by gil s . calinga

Gov’t denies sabotaging peace talks with leftist rebels PRESIDENT Beningo S. Aquino’s chief peace adviser was not sabotaging the peace process with the leftist rebels contrar y to the latter’s claim, a senior government official said Saturday. Deputy Presidential Spokesperson Abigail Valte, in an interview over a state-run radio station, said that nobody would believe in the claim of Fidel

Agcaoili, spokesman of the National Democratic Front, the political wing of the Communist Party of the Philippines-New People’s Army (CPP-NPA), that Presidential Adviser on the Peace Process Teresita Deles “has been sabotaging the peace talks.”

“It’s very clear that in every step that we have taken

since the president assumed office, in reference to this particular negotiation, we have shown our good faith and sincerity in talking to the other side,” she said.

“Unfortunately, we cannot say the same for them,” Valte said, citing the attacks that the leftist rebels had perpetrated against the civilians. “ We d o n’t s e e w hy

Secretary Deles has to be at the forefront of that particular statement when she has been working to make sure that we have resolution in our talks...the government is not the one who is lacking in sincerity,” she explained.

Agcaoili accused Deles of sabotaging the peace process after her recent statement, peace/PAGE 11

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June 16-22 2013

News

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901 architecture graduates pass licensure exams MANILA -– Out of 1,767 architecture graduates, 901 passed the Architecture Licensure Exam taken on June 7 and 9 in Manila, official reports showed Saturday. They said Kenneth Yap Hubiera, a graduate of Ateneo de Davao University, topped the exam, scoring 86 percent in the exam. Dale Jon Cortez Esconde from the University of the Philippines (UP)-Di liman), ran ke d second with a score of 85.90 percent. Justin Santos Roque, Holy Angel University, and Patrick Andrew Tanhuaco Yuchenkang, University of Santo Tomas, tied in third with 85 percent. There are three students who ranked f o u r t h : L i n d o n Ac e n a Fontejon, University of Northern Philippines-Vigan; Roger Mendoza Sarmineto III, Polytechnic University of the Philippines- Sta. Mesa and Clarissa May Mendoza Segura, Ateneo De Davao University, 84.90 percent.

Pedro Miranda Santos Jr. from the UP-Diliman ranked fifth with 84.70 percent, the reports showed. Misael Renz Costales Granil, Tarlac State University, and Jahzeel Veloso Magdadaro , UPMindanao, ranked sixth with 84.20 percent. Rebecca Aboda

The Department of Public Works and Highways has suspended some road repairs and projects in critical and traffic-prone areas in Metro Manila to lessen the traffic congestion which began with the opening of classes on June 3, 2013. pna photos taken june 10 by jess m . escaros jr .

Cantallejo and Catherine Marie Tanchico Reyes, from the UP-Diliman, got seventh with 84 percent. Robert Cris

Z amora, Te chnolog ic a l Institute of the PhilippinesManila, and Valerie Anne exams/PAGE 10

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

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

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

“Cutting of Ribbon for Parallel Lines”

“Consumer Care Center”

“Parallel Lines”

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Opinion

YO U R L O C A L B U S I N E S S PA P E R

June 16-22 2013

Upgrade Your Computer

T

THINK

hink a minute…You know that a brand new computer A Minute today will be outdated and old

By Jhan Tiafau Hurst in just a few months.

I recently replaced my 7-year old computer when my friends told me I was using a horse to race against rockets.

To compete and succeed in this world we have to keep up with the technology, which means continually upgrading our computer.

Yet none of these impressive inventions comes even close to the power of the human mind.

In fact, our mind’s computer already has all the upgrades we’ll ever need.

So since we’re the ones who control the world’s most powerful computer, we must keep learning and upgrading it every day.

Someone said: “Your mind is like a parachute—it’s not much good unless it’s open.”

And if we want to change our life, we have to change our mind first.

Computers, however, can also be dangerous.

That’s why we need an anti-virus program to protect our computer from viruses that can infect and damage it.

These protective programs even update themselves regularly against new viruses that can attack.

So since we go to all that trouble for a machine that’s so quickly outdated and useless, how much more important is it to protect the computer of our own mind!

Everyday we face dangerous, deadly viruses like pornography and sex outside of marriage, temptations to lie or steal, commit suicide, gossip, lose our temper, and other kinds of wrong thinking that can ruin our character, our marriage and children, our job, our whole life.

That’s why we’ve got to be careful what we allow to come into our mind.

“Garbage in, garbage out.”

So every day, we need a good brain-washing.

And no one’s more qualified to keep our mind clean than God our Maker.

That’s why He gave us the Bible as our manual for life, to show us how to maintain and keep improving our mind.

The Bible is your own anti-virus program to protect hurst/PAGE 10

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

CHENG ORDOÑEZ Editor-in-Chief

ALLAN MEDIANTE

NELSON CONSTANTINO

Ruel Pelone

CLIFFORD SANTILLAN RONALD B. MASTAIL

Executive Editor Online editor

CHRISTINE CABIASA Copy Editor

ATTY. MARIO T. JUNI Cell No: 09352379999

Juni Law Office Cruz Taal St., Cag. De Oro City Legal Counsel

Managing Editor

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Cris diaz mike baños SHAUN YAP UP Sub-Editors

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We need better than best

T

hanks to Tito Mora of SULOG, (One Sendong is Enough), for bringing to fore the most important issue facing the Cagayan de Oro City Water District (COWD) today during the latter’s media conference last Friday.

Mr. Mora asked COWD GM Rachel Beja how they were dealing with Non-Revenue Water (NRW). NRW refers to water produced or procured by COWD which are lost due to illegal connections, leaks and the like but are paid for by consumers just the same since this is included in the tariff computations.

GM Beja replied that from a high of 59 percent, it is now averaging 52-54 percent. Good it’s been reduced, but as my good friend Ralph Abragan of Save CDO Movement puts it, “You did your best, but your best isn’t good enough.”

In fairness, she admitted COWD can’t properly address the problem since its last programmed rate increase was disapproved two years ago. Ms. Beja claims addressing NRW is very capital intensive needing at least P500,000.00 for extensive pipe replacement and rehabilitation which was integrated into the proposed minimum water rate increase from PhP 16 to PhP 21/cu.m. Since the rate adjustment was shelved, she admitted “it has been very difficult to address without a major capex.”

Why is this issue relevant to the problem in the West Service Area? COWD assistant general manager for technical services Jong Batar said demand doubles

between 6-8AM that even if ammer demand is only 40,000 cu.m. and A nvil a day and daily water supply

By Mike Baños is 70,000 cu.m. consumers still have little or no water in some areas (60 percent of this water supply is sourced by bulk water supplier Rio Verde and 30,000 cu.m. by COWD’s 10 production wells in the area.)

In his presentation, AGM Jong said unless Rio Verde delivers its mandated 40,000 cu.m. a day at the steady rate of 1,667 cu.m. per hour, COWD has trouble maintaining sufficient pressure on its 500 kms. of pipeline to ensure 24/7 water service.

But we doing a little math with the NRW imputed raised questions: If 52 percent of the 70,000 cu.m. daily supply in the West Service Area is NRW, then COWD is only left with only 48 percent or 33,600 cu.m. to distribute to its 40,000 concessionaires. That’s 6,400 cu.m. short of the demand.

The 52% NRW will mean that you have to induce more water supply in the system or triple the demand requirement. since the system is centrally operated without any means of Baños/PAGE 10

H

Money and the Law of Cause and Effect Life is the sum total of all the decisions we’ve made in our lifetimes. Whatever we are now is the effect of all the things we’ve been doing since our birth into this earthly sojourn.

So goes the law of cause and effect in a nutshell.

There’s a logical and empowering corollary to this – the exact things that we are doing in our lives today can simultaneously be the reasons (or the causes) of what we can expect to happen in our lives tomorrow (the effects)!

Each day is simply the sum total of all the finite 24 hours we have at our disposal. Seven days become one week, four weeks become one month, and a dozen months become an entire year. And for all we know, years have piled up and our lifetimes have gone by.

We are finite beings and our time is limited. Being the most limited resource we have makes time no less than our most precious.

In life, being rich or poor is just relative. Comparing two different individuals will always make one richer than the other, for no two people are alike in everything. Describing someone as rich or poor is simply politics. Everyone is rich in his own right. It all depends on your basis of comparison – friends, love, happiness, family ties, and a lot of others – not just money.

A financially rich person has more accumulated assets of monetary value than others. A religious associate of mine once said, being materially “rich” is neither good nor bad. The morality lies in how your God-given assets are earned and used. Money indeed dictates power and control. But as the cliché goes, “With great power comes great responsibility.”

Some people are a lot more materially blessed than

I

THE

others. We might ask ourselves what could be the reasons of Financial D octor them being so? How did they

By Adonis Agcopra do it? By the law of cause and effect, everything has an exact cause and having a good grasp of these causes will lead us to their exact effects!

If your means of earning now or the way you think about money seems to be leading you nowhere near having great financial well-being in the future, then it just might be time to reconsider your current game plan. Should you change tactics? Should you upgrade your skills to earn more? Should you seek to understand more investing strategies to help make your money work for you? Should you practice more discipline with handling money?

More importantly, you might further ask: “Do I have to do it? Shall I do it? Should I do it? What reasons do I have for doing it?” You alone will decide, nobody else! For you become what you think about most of the time. Choose to have a great financial destiny now!

----(Dr. Adonis Agcopra, MBA, CIS, RFC® is with the IARFC and is portfolio director of AFIC Meridian Consultants. URL: www. aficfinancialconsultants.com. Email: aficfinancialconsultants@ outlook.com.)

Talent we allow to go to waste!

t is amazing that when we meet people with great potential and who are left to waste; does it not become our fault should we not be instrumental in propelling them to greatness assuming of course that you hold with you the opportunity to do so?

Clapping to show appreciation should never be enough.

The passive approach called appreciation is simply unacceptable and to leave it be has to be foul. Then again we do have this very particular trait of keeping others down just so we prop ourselves up. This is what we call the “crab mentality.”

Most managers suffer from this decease especially in this country. There are a number of good writers out there who never see publication in major broadsheets simply because they don’t have the means or politics for inclusion.

Our editors to begin with have all remained the same and their points of views dictating what we know to be public opinion.

Thank God for the internet and social sites that now allows a platform for talent to prosper. The same goes for TV where we are subjected to the same old faces that are required to be young but of no real talents other than to smile, act stupid and to clown around.

Editorials and TV hosts for the more serious are downgraded to look animated as if a freak, if you get my drift.

Then there are leaders we have met in our lives that

SUPER

never get to see authority that may improve many lives. There B randing are many not some as of the By Harry Tambuatco latest elections who get the mandate from the people with no proven competence other than a popularity either driven either by money or media (i.e. movies) who occupy seats in government to our detriment.

Is this not our fault as well – or should we just blame this to the tyranny of the masses.

We remain passive over time and before we know it we are older and physically relegated to the background. And yet in business when we identify talent we go out of our way to hire these talents if not nurse them to fully develop but all for the singular purpose of profit.

How very sad, isn’t it! Love of country should always remain priority like CSR or corporate social responsibility or even personal social responsibility because it is of the same pool we derive talent from for our businesses and where our leaders come from.

The rich and the powerful that have influence are more to blame with all their time prioritized for personal gain. tambuatco/PAGE 10

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Opinion

ASEAN BAC launches regional business awards A BANDAR SERI BEGAWAN—THE ASEAN Business Advisory Council (ASEAN BAC) has launched the ASEAN Business Awards in a bid to recognise the most outstanding and successful ASEAN companies contributing to ASEANs economic grow th and prosperity.

In a statement, ASEAN BAC said it has invited private companies from the region to submit their nominations for the upcoming ASEAN Business Awards 2013, which will be presented in August this year.

On February 4 Brunei Darussalam assumed chairmanship of the ASEAN BAC 2013, which also saw the relaunching of the ASEAN Business Awards (ABA).

ASEAN BAC launched the awards in 2007 to recognise business which have contributed to the growth and prosperity of the ASEAN economy.

This year, in recognition of the role of youths as contributors to economic development and consistent with ASEAN 2013 theme of ‘Our People, Our Future Together’, the ABA 2013 committee has included the criteria on Young Entrepreneur (YE).

According to the statement, this additional criteria will involve assessment under the Innovation category only.

Since its introduction, the annual awards have recognised more than 60 companies throughout the region; considered as the Most Admired ASEAN Enterprises and excelling in the categories of Growth, Employment, Innovation and Corporate Social Responsibility (CSR).

ABA was conceived to be the first of its kind in the region, with the dual objectives of showcasing home grown ASEAN companies that have become role models for other aspiring companies, as well as providing a spotlight for promising ASEAN small and medium enterprises (SMEs) that have the potential to be global players.

The statement added that to ensure the high-quality and independency of such a prestigious award, ASEAN BAC has engaged KPMG as the Strategic Partner.

KPMG will administer the implementation of the nominations, assessments and selections; as well as assist in promoting the event throughout the ASEAN region.

Companies shortlisted by the Strategic Partner will be brought to the attention of an independent judging panel comprising of top business leaders, economists and academics from ASEAN countries.

Awards will be presented at the Gala Dinner of the 2013 ASEAN Business and Investment Summit (ASEAN BIS), which is scheduled to be held on August 22 to 24 in the Brunei capital of Bandar Seri Begawan.

Interested companies are invited to complete and return the ABA 2013 nomination form, which can be obtained from the ASEAN BAC website at www. asean-bac.org

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It’s a Man’s World

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

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

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

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

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

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

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

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

Maybe, this is attributed to their feelings of invincibility,

W

BusinessWeek HEALTH

or , of , being too busy making both ends meet for their families, I n Focus or just that, they do not really

By Dr. Mary Jean Loreche believe in early diagnosis or prevention.

There are certain diseases that are commonly encountered by our MEN: prostate enlargement (hyperplasia ), Big C of the prostate, Liver Cirrhosis , Hypertension and Cardiovascular Diseases.

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

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

It performs functions that are necessary for survival.

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

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

Each time the liver is injured, it repairs itself, and during loreche/PAGE 10

The BSP and other central banks in the world

ith the economy performing very well, the upcoming anniversary of the Bangko Sentral ng Pilipinas (BSP) on July 3 will definitely be sweeter. It is a great feat for one of the youngest monetary authorities in the world.

Established in 1993, the BSP (www.bsp.gov.ph) replaced the old “Central Bank of the Philippines,” which was founded in 1949. It was created by virtue of the 1987 Philippine Constitution and the New Central Bank Act, which gave the bank fiscal and administrative autonomy from the Philippine government.

The BSP is just one of the 186 central banks around the world. The banks differ in name – some are called “reserve bank,” “monetary authority,” or “national bank.” They, however, share common tasks such as setting monetary policy, issuing of national currency, acting as the bank of bankers, supervising and regulating banks, and lending to ailing banks. All of them also serve as the bank of their respective governments.

The central banks also manage their nation’s foreign exchange reserves. These are deposits in foreign currencies that can be used to deal, trade, or make payments internationally. For example, Asian countries have deposits which are in US dollars or Euro.

According to the International Monetary Fund, the combined foreign exchange reserves of the world’s central banks is now worth $11 trillion.

Central banks have existed for a very long time. In fact, the BSP is 325 years younger than the oldest operating central bank in the world - the Bank of Sweden (www.

riksbank.com), which started in 1668. The Bank of Amsterdam O ut in the Netherlands, founded

By Ignacio Bunye in 1609, actually preceded the “Riksbank,” but it closed for good in 1819.

United Kingdom’s Bank of England (BOE), however, is the one widely-considered as the pioneer of the modern central banking system. Journalist Jason Rodrigues gave a brief history of the BOE (www. bankofengland.co.uk) in his 2009 article for the British newspaper The Guardian.

He said the Bank emerged in 1694 to serve as the government’s banker and debt-manager. Eventually, it became a “lender of last resort” to smaller banks and the issuer of the country’s national currency. Both are now common functions of central banks today, including BSP. The BSP is just one of the 186 central banks around the world. The banks differ in name – some are called “reserve bank,” “monetary authority,” or “national bank.”

They, however, share common tasks such as setting monetary policy to ensure price stability, issuing of national currency, acting as the bank of bankers, supervising and regulating banks, and lending to ailing banks. All of them bunye/PAGE 10

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Impasse on wealth-sharing annex stalls GPH-MILF talks

By Carolyn O. Arguillas

DAVAO CITY – Eight months after the signing of the Framework Agreement on the Bangsamoro (FAB) and four months after President Benigno Simeon Aquino III said peace was “abot-kamay” (within reach), notes on how to resolve the contentious issues on the remaining three annexes have been exchanged but no date has been set for the resumption of the talks as the panels have yet to break an impasse on the wealth-sharing annex.

Malaysian facilitator Tengku Dato’ Ab Ghafar Tengku Mohamed shuttled between Manila and Maguindanao last week but the positions of the parties remain as far apart as or even farther apart than it was in the last talks in April.

In their Joint Statement at the end of the talks in Kuala Lumpur on April 11, the panels said they would “meet again after the May 13 Philippine elections” and affirmed their commitment to “finally settle these issues soon so that all three annexes may be signed without undue delay.”

To c o m p l e t e t h e comprehensive peace pact that would pave the way for the creation of the “Bangsamoro,” four annexes are supposed to be signed. These are the annexes on wealth-sharing, power-sharing, normalization and transitional arrangements and modalities. In the FAB, both parties agreed to complete the annexes by yearend 2012. The panels are six months behind schedule.

It has been two months since the April talks and a month after the elections.

By June 15, it will have been eight months since the October 15, 2012 signing in Malacanang of the FAB, leaving the Aquino administration only 36.5 months to set up what has been touted as its legacy project — the new autonomous political entity called “Bangsamoro” – supposedly by the time the President steps down on June 30, 2016.

GPH peace panel chair Miriam Coronel-Ferrer told MindaNews on June 9 that the facilitator “arrived on Friday (June 7) and we have exchanged notes and messages

on the issues related to the wealth and power sharing annexes.”

Te n g k u w e n t t o Maguindanao on June 6 and 7 and returned to Malaysia on June 9. “All avenues to hasten the resolution of the difficult issues are being tapped before he full panel formal talks,” she said.

E ar l i e r, Fe r re r t ol d MindaNews the date of the next talks would be set only “after exchange of notes and most issues are resolved.”

Only one of four annexes Only one annex has been signed since the FAB signing: the Annex on Transitional Arrangements and Modalities on Februrary 27. But without the three main annexes, there is nothing to transition to.

Although it was not cited in their Joint Statement on February 27, the Annex on Wealth-Sharing was initialled that day by GPH peace panel member Senen Bacani and MILF peace panel member Abhoud Syed Lingga. After the GPH-MILF Technical Working Group (TWG) on Wealth-Sharing submitted its report, the two panels had agreed to create a special team from the panels – headed

by Bacani and Lingga – to handle wealth-sharing. The draft annex was initialled in the presence of the peace panel chairs and members, the Malaysian facilitator and the International Contact Group.

MILF peace panel chair Mohagher Iqbal told MindaNews on June 8 that the GPH panel was “causing the delay of the talks.”

“They are backtracking from what they conceded in the initialed wealth-sharing annex,” he said.

Asked to comment on

Iqbal’s statement, Ferrer told MindaNews that “wealthsharing matters initialed at TWG level (were) based on common understanding (that they) shall be subject to review by principals.” In a Q and A with Ferrer released by the Office of the Presidential Adviser on the Peace Process (OPAPP) on June 13, Ferrer’s response to the question on “where are we now” is that the exchange of notes has commenced “and through this process, we hope to come as close as possible to agreed language and return to Kuala Lumpur to be able to finalize the Annexes on Power and Wealth-sharing very soon.”

‘Due diligence’ But only Ferrer appears optimistic the talks would resume “very soon.” Iqbal remains firm the MILF will not re-negotiate the initialed Annex on Wealth-Sharing.

On April 11 in Kuala L u m p u r, Iqbal told MindaNews: “Government is not ready to sign WealthSharing. MILF is very ready.”

On the same day, Ferrer told MindaNews that there were only two remaining key issues in the Annex on Power-sharing: “the allocation of the powers across the different items pertaining to transportation and communications and the concept of regional waters.” In the Annex on Wealth-Sharing, Ferrer said, “it’s really getting the whole picture, it’s the fine-tuning and getting the sum total of all the obligations that will be committed by government.”

She said due diligence was being conducted “now that we have the sum total of taxes, blo ck grants, subsidies, revenue shares… and government wants to be very clear about the kinds of commitments it will be making.”

Ferrer explained that the review process takes long.

“Unlike in the case of the MILF when they are focused on this thing, government is focused on many things, it has many agendas so that means in a matter that requires extensive discussion, understanding of the full implications and

President Benigno Aquino III and Transportation Secretary Joseph Emilio Abaya climb inspect the facilities of Laguindingan Airport in Laguindingan town in Misamis Oriental on Tuesday, June 11, 2013. mindanews photo by froilan gallardo

Prof. Miriam Coronel-Ferrer, chair of the government peace panel and Mohagher Iqbal, chair of the Moro Islamic Liberation Front peace panel in Kuala Lumpur at the end of the round of talks in April. No date has been set for the resumption of the talks. mindanews file photo by carolyn o . arguillas

consensus of all branches of government that will be affected here, then that‘s a process that takes some time in the midst of all the regular governance functions, in the midst of all issues that government is facing.”

‘Under review’ On June 12, Ferrer told MindaNews that the GPH proposals are now “under review by MILF.” But the MILF apparently does not intend to review the GPH proposals because on the same day, a report in the MILF website, luwaran.com, said the MILF “will hold on to initialled annex on wealth-sharing.” Quoting a peace panel member whom it did not name, luwaran.com said the MILF “has no plan to abandon that document” and that “backtracking by any of the two parties is a serious drawback to the peace process.”

“The peace negotiation is an exercise in futility if there is no stop to this changing of positions by the government negotiating team,” thereport said. “We are not renegotiating the initialed document,” the report added. The report also said that in the April talks, Iqbal said that “except for those that are in harmony with the Framework Agreement on the Bangsamoro (FAB), we don’t accept the changes introduced by government on wealth-sharing.”

The second time GPH allegedly changed position was in the “notes” sent to the MILF through the Malaysian facilitator. The report did not say what were in the “notes” but said the initialed document was “diluted severely by the notes” from the GPH. “Two changes of positions in a row within the span of two months is alarming,” luwaran quoted Iqbal as saying.

‘Final review’ In the June 13 Q and A released by OPAPP, Ferrer explained that “prudence” on the part of the government requires that it “undergoes a final review before the President gives his final stamp

of approval.” She repeated previous statements that the President is “committed to delivering an agreement that will allow the Bansamoro to enjoy effective and meaningful fiscal autonomy but also take into account the legal, political, and administrative constraints of the Central Government.”

Ferrer said these are the considerations “as to why Government wishes to introduce some changes to the draft annex, particularly with regard some aspects of taxation, fund transfer mechanisms, and revenue sharing.”

Ferrer did not say what these “changes” are. Iqbal would not say either. But he told MindaNews on June 14 that there were “more changes” introduced in the notes GPH sent to them last week through the Malaysian facilitator than what the GPH presented in April, thus bringing the parties farther apart in their positions.

As early as April, the MILF had already turned down the government panel’s proposed “changes.” MindaNews learned from sources in both panels that one of the points of disagreement is that a sharing system on natural resources in favor of the Bangsamoro government as agreed upon and initialed on February 27, is being brought down by government to 50-50 which is what Republic Act 9054, the law that amended the Organic Act creating the Autonomous Region in Muslim Mindanao (ARMM) provides under Article IX, Section 15.

‘More than 9054’ In both the power and wealth sharing TWGs, the major issue is how much more powers would be granted to the Bangsamoro than what has been granted to the ARMM under RA 9054. In November, a month after the signing of the FAB and the last round of talks attended by then GPH peace panel chair Marvic Leonen (he was appointed Supreme Court Justice the following week), Leonen told MindaNews that what

the GPH was offering to the MILF “will be more than 9054… it cannot be less.”

Asked how much is “more,” Leonen replied that this is what the TWGs are discussing.

He defined “more” as “more that will be satisfactory to the MILF.” Ma. Lourdes Lim, NEDA regional director and chair of the GPH-TWG on wealthsharing, told MindaNews that the powers proposed for the Bangsamoro on wealthsharing would be more than what RA 9054 provides. “(RA) 9054 is the minimum. That is our reference point. That’s the baseline,” she said.

On Febr u ar y 11, at the launching of the socio-economic project, Sajahatra Bangsamoro, at the Bangsamoro Leadership and Management Institute compound in Sultan Kudarat, Maguindanao, President Aquino said, “abot-kamay na po ang bunga ng kapayapaang kay tagal nating inaasamasam” (The fruits of peace that we have long cherished are now within reach).

‘Heartbreak Hill’ The President likened the stage of the peace process then to the “Heartbreak Hill” of the Boston Marathon. The President’s family lived in exile in Boston for a couple of years during the Marcos dictatorship. He said that on the last mile of the marathon, when the runner already sees the finish line, the terrain goes uphill but there is no stopping.

“While nearing the peak of ‘Heartbreak Hill’ there will be more intrigues, more difficult process. But our trust for each other will get us through,” the President said.

Four months later, the panels are still stuck at “Heartbreak Hill.” It used to be that those who get past “Heartbreak Hill” are certain to reach the finish line. On April 15, thousands of runners who survived “Heartbreak Hill” did not reach the finish line.

Two bombs exploded just as it was “abot-kamay.” (Carolyn O. Arguillas/MindaNews)

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Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 37 Cagayan de Oro City

(Sgd.) JOSE L. ESCOBIDO, MNSA Presiding Judge

BWM: June 3, 8 & 16,2013

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 18 Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF

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In the event the public auction should not take place on the said date for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication.

Prospective buyers may investigate for themselves the titles herein abovedescribed and encumbrances thereon, if any there be.

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(Sgd.) NIZA P. TACANDONG Sheriff IV BWM: June 10, 16 & 23, 2013

ASIA WORLD PAWNSHOP

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YO U R L O C A L B U S I N E S S PA P E R

Direct Importer of All Kinds of Japanese Surplus QUALITY and AFFORDABLE PRICE

ORDER

M I N DA N AO

ZAINZAID TRADING

PEDRO SACAL,

FC CIVIL CASE NO. 2012-111

Petitioner, For:

-versus LEGAL SEPARATION MARJORIE A. FORTICH-SACAL,

Respondent. x-----------------------------------------/

Before this court is a petition for legal separation on the ground under Article 55 par. 8 of the Family Code while working in Israel and such ground continuously exists up to the present. Petitioner alleges that respondent has displayed indifference towards petitioner husband and their last sexual contact was in the year 2006; that during their marriage they have not acquired valuable personal or real properties; and, petitioner prays that a decree for legal separation be issued and that respondent be ordered to provide support for their three minor children.

On February 6, 2013, petitioner, by counsel, file a Motion To Serve Summons by Publication as respondent is a resident of Jerusalem, Israel.

WHEREFORE, finding the motion to be in order, the respondent MARJORIE A. FORTICH SACAL is hereby summoned and is required to file and serve her answer to the complaint within thirty (30) days from the date of the last publication of this Order. Respondent may secure a copy of the complaint at the Regional Trial Court, Branch 37, T.G. Hayes St., Hall of Justice, Cagayan de Oro City. Respondent is hereby reminded to observe restraint in filing a motion to dismiss and instead allege the grounds thereof as defenses in the Answer. In case of failure of respondent to answer as directed, a judgement may be taken against her for the relief demanded in the complaint.

The petitioner is ordered to cause the publication of this Order in a newspaper of general circulation in the City of Cagayan de Oro once a week for three consecutive weeks. The petitioner is also ordered to send by registered mail a copy of this order together with a copy of the petition to the last known address of the respondent.

SO ORDERED.

Done this 5th day of March ,2013 at Cagayan de Oro City

BusinessWeek

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june 16-22, 2013

Hurst... from page 6

mind from wrong thinking that can destroy you.

You see, God knows that the person who doesn’t control his thoughts will lose control of his life.

So why don’t you decide to spend some time every day reading your Bible and talking with God? Get involved in a Bibleteaching church.

It will raise your level of thinking and living, and protect you from all the dangerous viruses that threaten your mind every day.

Just Think a Minute…

Baños... from page 6

of equ a l ly d ist r ibut i ng the pressure and pumping operation is designed to float with the system that tends to induce more pressure. With the presence of leaks and pilferages, pressure easily dissipates resulting into low pressure or no water in some areas.

T hus, when dema nd doubles in the morning to approximately 3,334 cu.m. per hour, COWD only has 1,400 cu.m. per hour left to distribute, or 1,944 cu.m. short of what it should be delivering during this time.

In his briefing to media, Jong said the disruption of water service in the west service area were caused by the intermittent supply from RVWCI to COWD due to problems arising from turbidity and power interruptions.

But Rio Verde Vice President for O p er at ion s Jof f re y Hapitan said in a text message from Leyte their plant can deal with all kinds of turbidity. He chose to operate when the raw water abstracted from the Bubunawan River was less turbid and costs less to process since they could still comply with the daily requirement of 40,000 cu.m. even if they did this.

COWD management met with Rio Verde officials on April 24 and May 31 and have apparently solved the problem by increasing the volume of deliveries from Rio Verde since June 1st which has enabled them to deliver to COWD at the increased average rate of 2,000 cu.m. per hour.

GM Beja said it would take a week for the situation to normalize in the entire Western Service Area but the supply from Rio Verde has been stabilized at a constant rate throughout the day enabling COWD to maintain delivery pressure in entire system.

Although the water crisis may have been arrested for the moment, it is important for us consumers to keep in mind two important facts about this latest altercation: 1) As a bulk water supplier, Rio Verde is akin to the National Power Corporation i n t he p ower i ndu s t r y responsible for delivering

water to the COWD Off-take; and, 2) COW D wou ld be l i k e C E PA L C O w h i c h i s r e s p on s i b l e for t h e distribution of power just like the former is responsible for distributing the water it produces and procures to its concessionaires.

We share our good friend Ralph Abragan’s view on the issue which he expounded in a letter addressed to COWD: “We acknowledge the efforts of the management to explain to the public how services failed in some occasions before and presently and how they address it, but to us the consuming public couldn’t care less about such details and that the board of directors together with the top management obviously was not able to anticipate, much more prepa re, i n arresting possible failures related to the works of the whole system.”

“We see no concrete master plan on how to curb system loss, connection theft, future immediate demand increments and much more preventive ma intena nce to avoid service failures.

Backup systems are clearly not defined, rescue initiatives not evident. “ “We view your efforts to be your best but unfortunately you r b e s t w a sn’t go o d enough. The data you have accumulated over the years of operation are sufficient tools and references for your necessar y study or analysis and that need not be the defining line of your shortcomings.”

“On this light the public must be made satisfied, and participation of civil society and all other sectors must be given an outmost priority as taxpayers and stake holders of this failing institution.”

COWD can call all the press conferences it wants to ex pla i n t he problem with Rio Verde or NRW but it’s not going to solve the water supply problem.

Consumers need solutions, not explanations.

There seems to be a need for the COWD to revisit its mission and vision. Guided by this, an initiative to craft a master plan focused on the water equilibrium that will depict the future of the district for the next 25 years.

A short, medium and long term development program aligned with the progressive development plan of the city and its stakeholders should be adopted to ensure a responsive, effective and efficient delivery of water services.

Perhaps the incoming city administration can take this into account and persuade the city council and consumers it’s time to allow COWD to have that long delayed rate increase so NRW can be properly addressed. If after doing this, the water crisis remains, then we trust incoming Mayor Oca Moreno knows what’s best to do.

Not the least, COWD can also consider outsourcing its anti-NRW initiatives considering how reducing

and converting the losses into “cash” can finance the project on its own without burdening the consuming public. There are private firms which can finance the project without COWD spending a single centavo, no increase in water rate and allow the private sector to recover its investment over a period of time. Eventually, with the reduction of water losses, it will redound to the reduction of operational expense towards efficiency in operation that may lead even to the reduction of tariffs.

Think about it…

Tambuatco... from page 6

The richer they get the more money they require, this we call simply greed!

The academe is not to be left out with their responsibility to the country to improve the home grown talents not necessarily just inside the campuses but in the economic and political arenas as well if need be.

The Church also has its fault all considering how splintered they are with their conflicting messages outside their own faiths. It has to be true; the more one reads the more confused the messages become.

Loreche... from page 7

which, scarring occurs, and eventually, its functions are compromised.

The most common cause is that of chronic alcohol abuse.

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

Problem with a full blown or progressive cirrhosis, is the eventual development of hepatic or liver failure which can cause the demise of an individual.

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

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

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

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

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

Bunye...

Exams...

also serve as the bank of their respective governments.

The central banks also guard their nation’s foreign exchange reserves. These are deposits in foreign currencies that can be used to deal, trade, or make payments internationally. According to the International Monetary Fund, the combined foreign exchange reserves of the world’s central banks is now worth $11 trillion.

Since every country has its own history and laws, their central banks may also have characteristics unique to them. The United States of America’s central bank for instance, which is called the US Federal Reserve System (www.federalreserve.gov), has a unique structure with not one but 12 banks.

The distinction is explained in the book The Federal Reserve System: Purposes and Functions. It said the “Fed” has one central government called the Board of Governors, which oversee 12 regional Federal Reserve Banks (FRB) situated in the country’s major cities.

The Board sets the monetary policy while the FRBs serve as the “operating arms” of the system in their respective districts.

The European Central Bank (ECB) is another interesting example. Founded in 1999 when the Euro was introduced as the single currency in Europe, the ECB (www.ecb. int) sets the monetary policy for its 17 member states, which include Spain, Germany, France, and Italy.

The countries under it, however, still have their respective national central banks to help implement the policy and ensure the stability of the Euro. The reserves of each national bank are also separate from ECB’s reserves, which is shared by the member states.

You may be wondering, is there also a bank for the world’s central banks? The answer is yes, and it is the Bank of International Settlements (BIS), the world’s oldest financial organization.

Based in Switzerland, the BIS (http://www.bis. org) accepts deposits from central banks and serves as a forum for policy analysis and information-sharing among central banks. It does not, however, have any regulatory or supervisory powers over its member central banks.

Knowing t he g lob a l financial system that the BSP is part of will make us more appreciative of the positive reviews, credit ratings, and awards that the institution is getting. It is one of the youngest and certainly, not one of the richest (yet) but the fact that it was able to keep our economy strong while the rest of the world was in a financial crisis says a lot about both its potential and capability.

So for its 20th “birthday,” my wish is that the BSP continues to soar as it develops to be a truly world-class monetary authority.

Patricia Adriano Consuji, UP-Diliman, both got 83.90 percent, ranking eighth.

Ninth is Janfour Olboc

from page 7

from page 4

READ!

Cualos from the University of San Carlos, 83.90 percent; and 10th is Mark Joseph Antisoda Bagongon from the Mindanao University of Science and Technology with 83.60 percent. (PNA)

www.businessweekmindanao.com Republic of the Philippines REGIONAL TRIAL COURT 12TH Judicial Region, Branch 21 Kapatagan, Lanao del Norte IN RE: PETITION FOR CORRECTION OF ENTRY IN THE BIRTH RECORD OF ROMMEL CAJITA TERO OF HIS DATE OF BIRTH FROM JANUARY 25, 1973 TO JANUARY 25, 1974 ROMMEL C. TERO, Petitioner,

- versus -

SPL. PROC. NO. 21-480

LOCAL CIVIL REGISTRAR, LALA, LANAO DEL NORTE. Respondent. x- - - - - - - - - - - - - - - - - - - - - - - - - - // ORDER

A verified petition for Correction of Entry in the Birth record of Rommel Cajita Tero in the Local Civil Registry of Lala, Lanao del Norte, was filed by petitioner Rommel Cajita Tero on May 23, 2013, praying this Honorable Court that after notice, publication and hearing an order shall be issued directing the Local Civil Registrar of Lala, Lanao del Norte, to: 1) CANCEL and CORRECT the entry in his birth record of the petitioner in column – DATE OF BIRTH from JANUARY 25, 1973 to JANUARY 25, 1974. 2) ISSUE the Petitioner a correct copy of his birth certificate; and 3) FORWARD a copy of the corrected birth certificate of petitioner to the National Statistics Office, Manila.

The verified petition being sufficient both in form and substance, the same is hereby set for initial hearing to July 19, 2013 at 8:30 o’clock in the morning.

Let this order be published in a newspaper of general circulation in the province of Lanao del Norte once a week for three (3) consecutive weeks at the expense of the petitioner.

The Local Civil Registrar of Lala, Lanao del Norte, and any person who has an interest in the petition may file his/her opposition thereto within fifteen (15) days from notice of this petition or from the last day of publication of this order.

Further, let this Order be posted for fifteen (15) consecutive days prior to the date of hearing on the bulletin board of the Municipal Hall of Lala, Lanao del Norte; on the bulletin board of barangay Lanipao, Lala, Lanao del Norte where the petitioner is residing, and on the bulletin board of this court.

The petitioner is directed to notify this Court of the publication of this order three (3) days before the scheduled hearing date.

Furnish copy of this Order to the Solicitor General, Makati City, the Office of the Provincial Prosecutor of Lanao del Norte, the Local Civil Registrar of Lala, Lanao del Norte; Atty. Dorothea Saligan-Basalo, Tubod, Lanao del Norte and Rommel C. Tero, Lanipao, Lala, Lanao del Norte.

SO ORDERED.

May 31, 2013.

Kapatagan, Lanao del Norte.

(Sgd.) ALBERTO P. QUINTO

Acting Presiding Judge BWM: June 19, 28 & July 3, 2013

REPUBLIC OF THE PHILIPPINES OFFICE OF THE NOTARY PUBLIC MARIO T. JUNI Attorney-at-Law Rm. 103, G/F Obenza Bldg., Pabayo-Cruz Taal Sts., Cagayan de Oro City Telephone No. (088) 857-3599 * Cell Phone No. 0935-2379999 >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> E.B. VILLAROSA & PARTNER CO. LTD., FILE NO. _________________ Represented by its successor-in-interest/ Assignee, MARY JANE P. BETE Mortgagee/Assignee,

-versus- Re: Extra-judicial Foreclosure of

Real Estate Mortgage under R.A

3135, as amended by Act 4118 SPS. ARTURO & ADELAIDA ARAGENIO,

Mortgagor. x------------------------------------------------------x NOTICE OF SALE Upon verified application for sale under Act no. 3135, as amended, filed by the mortgagee, E.B. VILLAROSA & PARTNER CO. LTD., represented by its successor-in-interest/assignee, MARY JANE P. BETE, of Lot 21, Block 23, Villa Trinitas Subd., Ph- II, Bo. Bugo, Cagayan de Oro City, against the mortgagor, SPOUSES ARTURO and ADELAIDA ARAGENIO, of Cagayan de Oro City, to satisfy the mortgage indebtedness in the total amount of TWO HUNDRED SEVENTHY FIVE THOUSAND PESOS (P275,000.00) excluding the 25% as attorney’s fees, cost and expenses for foreclosure and sale and all other incidental expenses which are likewise secured by the said mortgage, the undersigned notary public will sale at PUBLIC AUCTION , to the highest bidder, FOR CASH and in Philippine Currency, on July 26,2013 at 2:00 o’clock in the afternoon or soon thereafter at the Entrance of the Hall of Justice, Cagayan de Oro City, the following described real property together with all its improvement existing thereon, to wit : TRANSFER CERTIFICATE OF TITLE NO. T-82006

A PARCEL OF LAND (Lot 21, Block 23, Psd-104305-015867, being a portion of Lot 2, (LRC) Psd-157430) situated in the Barrio of Bugo, City of Cagayan de Oro, Island of Mindanao. Bounded on the SE., along line 1-2 by Lot 22; on the SW., along line 2-3 by Lot 19 , both of Block 23; on the NE., along liner 3-4 by Road Lot 23 (6.50 m. wide) on the NE., along line 4-1 by Lot 23 also on Block 23, all of the subdivision plan Psd-104305-015867. Containing an area of ONE HUNDRED TWENTY SIX (126) SQUARE METERS, more or less.

The undersigned auctioning notary hereby gives further notice that if on July 26, 2013 the minimum requirement of two(2) bidders/buyers will not participate in the auction sale pursuant to the Supreme Court EN BANC Resolution under Administrative Matter No. 99-10-05-0, the sale shall be postponed and re-scheduled on the next working day July 8, 2013 at the same time and place without republication.

This Notice of Sale will be posted for a period of twenty (20) days in three (3) of the most conspicuous public places where the subject property is located and in the Entrance of the Hall of Justice, Cagayan de Oro City, where the sale shall take place, and likewise, a copy will be published in a newspaper of general circulation in Misamis Oriental, once a week for three (3) consecutive weeks at least fifteen (15) days before the date of the auction sale.

Prospective bidders or buyers are hereby enjoined to investigate for themselves the title to the property and the encumbrances, if there be any.

Cagayan de Oro City, June 12, 2013.

(Sgd.) ATTY. MARIO T. JUNI

Auctioning Notary Public

Until December 31, 2014

IBP No. 875235 12-14-12

PTR No. 2327981-A 1-07-13

Roll of Attorney No. 35240

MCLE Compliance No. IV-0008350 (10-02-12)

Cagayan de Oro City BWM : June 16, 23 & 30 ,2013

BusinessWeek

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Announces... from page 1

ACR is the publicly-listed company of the Alcantara Group of Companies while MVP is Pangilinan’s initials.

The Alcantara Group operates the 100-megawatt (MW) Western Mindanao Power Corp. in Zamboanga City, the 55-MW Southern Philippines Power Corp. in Alabel, Sarangani and the recently acquired 102MW Mapalad Power Corp. in Iligan City. These are all fuel-fed plants.

On Saturday, Mindanao has a power supply surplus of 152 MW, according to the website of the National Grid Corp. of the Philippine.

NGCP, the private operator of the countr y’s p ower transmission system, placed the supply in the Mindanao grid at 1,373 MW with the peak load at 1,221 MW. Months prior to the May 13 elections, several parts of Mindanao suffered daily rotating brownouts lasting up to eight hours in some areas due to the reduced generation capacity of the hydroelectric plants operated by the state-owned National Power Corp. allegedly due to t he dams’ declining water level. (With a report from Bong S. Sarmiento/ MindaNews)

Villar... from page 1

intensive, we will conduct b u s i n e s s t r a i n i n g s f or agriculture and fisheries also,” she added.

As for Northern Mindanao, Sen. Villar said they will conduct studies on the region’s availability on raw materials, everything out of waste, so that they can take actions on what specific projects will fit the region.

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

Sen. Villar also cited that she will help improve the hand-made paper productions, since Salay is the forerunner of the handmade paper industry in the region.

Meanwhile, Sen. Villar emphasized also that she will help cooperatives in rural and urban areas, specifically the MASS-SPECC Cooperative Development Center as the cooperative can greatly help small businessman also.

Projects... from page 1

communities. Since it’s just the start of the school year, this is the perfect opportunity for them to look back at their activities in the previous months and select their best projects to enter in the TAYO 11 Search,” said Commissioner Georgina Nava of the NYC, the TAYO 11 National Organizing Committee Chairperson.

Started in 2002, the awards inception was through the insight of Senator Kiko Pangilinan that there were a lot of awards that the youth

can vie for: academic, cultural, sports and entrepreneurial, but none of these were given to groups. Youth is the period in one’s life when people (students, young professionals and even out-ofschool youth) band together because of common interests towards the attainment of a common goal. Then-National Youth Commission Chairman Benigno Bam Aquino also championed this once novel idea in the NYC that even raised the level of recognition to the ASEAN region.

TAYO is the only award given to group achievements among youth. It recognizes exceptional achievements of youth organizations and encourages the replication of noteworthy and unconventional projects to solve basic problems in the communities. The search is open to all youth organizations who have implemented projects for their communities from June 2012 to present. Majority of the project must have been completed by June 2013 for on-going programs and continuing projects.

Interested parties may ge t i n tou ch w it h t he TAYO Secretariat at tayo. secretariat@gmail.com or at its Facebook Fan Page, Ten Accomplished Youth Organizations. The following numbers may also be reached: (0917) 898 8296 (txtTAYO); (02) 687 5917; or (02) 416 2833.

Youth organizations and interested groups may also access www.nyc.gov.ph and www.tayoawards.net for more information about the awards and the organizations it has recognized. TAYO is presented by Coca-Cola Foundation Philippines, Inc. and organized by the National Youth Commission, the TAYO Awards Foundation and the Office of Senator Kiko Pangilinan.

Concerns... from page 1

will present and for the new Congress to enact to attract more investments into the country. PCCI, the country’s largest business organization, is spearheading this initiative so the various business associations would be able to come up with a common set of legislative measures that are meant to sustain the country’s robust economic growth.

According to Varela, PCCI had held initial talks with the Management Association of the Philippines. The Joint Foreign Chambers, which is composed of foreign business chambers, welcome this initiative and are excited with the plan.

“We are c om i ng up with proposed bills that would bring in foreign direct investments into the country,” Varela said.

PCCI is championing key legislations that will lockin significant reforms that the country really needs to take off beyond its current growth track. These include the Anti-Trust/Competition

Law, R ationalization of Fiscal Incentives, Customs Modernization and Tariffs Act, Land Use Code, Land Administration Reform Act and Mining Act Amendments.

On proposals to amend the Constitution to allow full foreign ownerships in some economic activities like utilities, land ownership, natural resources, education and the practice of professions, Varela said that these can be done via some legislations that would allow specific full foreign investments.

For instance, on land ownership, a bill may be filed that would allow a foreign investor full ownership over a specified period of time and specific land size that he needs for his investment.

“We are for Constitutional amendment but we should n ot b e h e l d b a ck ju s t because we cannot amend the Constitution. There are other ways by which we can provide such need of the foreign investors,” said PCCI vice-chairman Donald Dee. “Even without amending the Constitution, we can still attract FDIs,” he pointed out.

Coming up with a common legislative measures will give the business community the leverage to ask President Aquino to certify the bills as urgent. The PCCI would also like the revival of the Legislative Executive D e vel opme nt Adv is or y Council (LEDAC) to also ensure that the laws they are going to come up with will have the imprimatur of Malacanang.

This also ensures that more quality bills are going to come out of Congress.

Dee noted that the business community cannot stop Congress from enacting laws they feel necessary, but the business community sort of approved President Aquino’s decision to veto some of these approved bills passed

by Congress recently.

“We cannot stop them from enacting laws, but the recent laws are just out of whack. Where did that come from,” Dee said. President Aquino has recently vetoed at least 55 flawed bills of lo cal applications. The 55 local bills were vetoed because they sought to convert municipal, city and provincial roads into national roads although they merely interconnect barangays (villages), municipalities and cities within their areas, or merely serve the needs of local traffic.

Aquino recently vetoed the proposed Centenarian Act offering incentives for the countr y’s estimated 7,000 centenarians, and the Rights of Internally Displaced Persons Act of 2013 protecting the rights of internal refugees, and last month, the proposed Magna Carta of the Poor, because of its inherent flaws.

The first offers a 75-percent discount on goods and services for the centenarians that, however, are not t ax de duc t ible for business owners. The

second grants powers to the Commission on Human Rights that belong to the judiciary. The third requires a P3-trillion budget to be implemented.

MILF... from page 2

“Siguro mas mabuting hintayin natin ang magiging final resolution bago tayo magbigay ng komento dito.

But, rest assured that the government panel is working with their counterpart on this,” she said.

The Philippine government and the MILF signed in October 15 last year the Framework Agreement for Mindanao peace aimed at ending decades-old separatist struggle of Muslims in the South.

Then government peace panel chairman Mar vic L e on e n an d h i s M I L F counterpart Mohagher Iqbal signed the historic roadmap to peace in a ceremony witnessed by President B enigno S. Aquino III, Malaysian Prime Minister Najib Razak, Murad and members of the negotiating panels of both sides.

The President said at the time, that he hopes that signing would lead to positive changes while acknowledging that there are many things that have to be done to fully reap the fruits of the Framework Agreement.

Last year’s signing comes after 15 years of negotiations between the government and the MILF, and 40 years of conflict in Mindanao with a casualty figure of more than 150,000.(PNA)

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YO U R L O C A L B U S I N E S S PA P E R

Classrooms... from page 2

overcrowded and makeshift learning facilities” of the school-beneficiaries, she said.

“The classroom-student ratio in these schools has long been over the standard ratio and that situation has denied our eager young learners with accessible quality education,” Rivera said.

In Sarangani Province, s h e s a i d t h e p ro j e c t’s beneficiaries were public schools in Barangay Seven Hills, Nomoh, Kabatiol, Kablacan and Daliao in Maasim town; Pangi, New La Union, Maguling, Ticulab, and Wali in Maitum; Lagundi and Tambilil in Kiamba; and, Kibala and Banahaw in Malungon. She said the agency spent around P22.24 million for the 14 classroom building projects in the area.

In North Cotabato, Rivera said a total of P2.94 million was released by DSWD-12 for the construction of the new classrooms in the villages of Batiocan, Palao, Abaga and Montay in Libungan town.

I n S u l t a n Ku d a r a t , she said they spent P8.35 million for the construction of the new classrooms in barangays Kenram, Mapantig and Kolambog in Isulan; Malegdeg in Senator Ninoy Aq u i n o ; Nat i v i d a d i n Columbio; and South Sepaka in Bagumbayan.

Aside from the completed projects, Rivera said the

construction of additional classrooms in barangays Monteverde and Daluga in Bagumbayan, Sultan Kudarat and in Tuanadatu in Maasim, S ar ang an i i s pre s e nt ly ongoing. She said the ongoing projects are worth around P5.95 million.

Kalahi-CIDSS stands for Kapit-Bisig Laban sa Kahirapan-Comprehensive and Integrated Deliver y of Social Services, which forms part of the threepronged anti-poverty convergence programs of the national government that are implemented by the DSWD. Dubbed “Tatsulok,” t h e i n it i at ive i n clu d e s the Pantawid Pamilyang Pilipino Program or 4Ps and Sustainable Livelihood Program. Under the KalahiCIDSS, poor communities are capacitated to analyze their own problems, manage, plan, and implement their identified project to answer their pressing needs.

In Region 12, the project was able to help build various community infrastructure projects such as school buildings, bridges, health stations, water systems, day care centers, roads, postharvest facilities, and other common services.

S i n c e t h e p r o j e c t’s launching in 2003, the agency has already facilitated the construction of P143 million worth of classroom buildings in various villages in the region.

Peace... from page 2

saying that the CPP-NPANDF had designed the peace process to be unending.

“In fact, what Deles wants is a permanent end to the peace negotiations...(she) has had one singular aim in the peace negotiations between the Government of the Philippines and the NDFP -- the capitulation and pacification of the revolutionary movement,” the NDF official said.

The peace talks between the government and the NDF bogged down in February after both sides did not agree on some terms of the negotiation. The Aquino administration said that it would develop a new approach to end the over four decades armed conflict with the leftist rebels. (PNA/ Xinhua)

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YO U R L O C A L B U S I N E S S PA P E R

june 19, 2013

VILLAR: Entrepreneurship is the Key to Financial Independence Senator-elect Cynthia Villar urged the Filipinos to strive to become “financially independent” as the nation celebrates its Independence Day. “I believe that the only way to empower people, especially the poor, is to help them to be economically or financially independent.

We should not just give alms or dole outs; we should equip them with necessary skills and know-how so they can fend for themselves,” said Villar.

With still high unemployment rate of the country, Villar said entrepreneurship is the way to economic freedom and progress.

“Nowadays, poverty is what keeps people from becoming really independent. This is the reason why we have been promoting entrepreneurship as a way out of poverty for young and old people alike because it creates jobs,” Villar said.

She said people should not be afraid to start small businesses, especially the Overseas Filipino Workers (OFWs). She emphasized that the absence of capital should not dissuade one from venturing into business because there are a lot of organizations that can lend capital.

She disclosed that their real estate company was born out of a small gravel and sand business.

“When Manny resigned from his job in 1975, he borrowed P10,000 from a bank and bought two second-hand trucks, which he used to deliver gravel and sand to real estate developers. With the help of God, coupled with sipag at tiyaga (perseverance and patience), our business grew until we became the biggest home builder in the country,” related Villar.

“Senator Villar and I are living examples of what entrepreneurs can accomplish and achieve,” added Villar.

Also known as “Misis Hanepbuhay”, Villar said she wants to review government’s incentives to businesses particularly to micro, small and medium enterprises as well as tax incentives to labor-intensive businesses that generate more employment to Filipinos such as manufacturing, and agriculture.

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