BusinessWeek Mindanao (December 31, January 1 Issue)

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Issue No. 145, Volume III •

Cagayan de Oro City

Monday-Tuesday

Now every Mondays, Wednesdays, & Fridays

Dec. 31, 2012-Jan. 1, 2013

P15.00

Market Indicators As of 5:54 pm dec. 28, 2012 (Friday)

FOREX

PHISIX

US$1 = P41.05

5,834.80 points

X X Briefly 5 cents

39.91 points

Livestock

THE Province of Davao del Norte will be receiving P8.528 million grant for the rehabilitation of the livestock sector in towns worst-hit by Typhoon Pablo, Provincial Gov. Rodolfo del Rosario announced Thursday.

After guesting at the Kapihan sa Kapitolyo, Del Rosario signed a contract of donations that the Provincial Government of Davao del Norte entered into with the Department of Agriculture (DA) specifically to restock lost livestock.

The grant is part of the “short-term and longterm action plans of the Department of Agriculture for families affected by Typhoon Pablo”, providing a source of starter livelihood, a source of income and food for typhoon affected families.

N

ORTHERN Mindanao’s labor force went up by 4.2 percent in July 2012, according to the National Economic and Development Authority (NEDA).

The results of the July 2012 Labor Force Survey (LFS) showed that the region’s labor force grew from 2.018 million in July 2011 to 2.102 million in July 2012, said Engr. Cecilio Clarete, chief economic and development specialist of the NEDA in the region.

In terms of employment level, he said the region posted improvement breaching the two-million mark during the reference period.

The July 2012 round of the LFS estimated the number of employed persons in the region at 2.002 million, or at labor/PAGE 7

By MIKE BAÑOS, Correspondent

Canada and the Cit y of Cagayan de Oro,” said Julian H. Payne, Canadian Chamber president during signing ceremonies held at a local restaurant Thursday, December 27, 2012.

“This agreement is aimed at increasing the international trade between Canada and Cagayan de Oro,” said Ma. Teresa R. Alegrio, Oro Chamber president who signed in behalf of the local agreement/PAGE 7

Oro, Canadian chamber of commerce groups sign cooperation agreement

Farm implements

THE food security program of the province got a boost from the P10-million worth of farm machineries, equipment, and post-harvest facilities given by the national government to the farmers.

Governor Rodolfo del Rosario led the turn-over of the farm tools to 24 farmer associations and cooperatives, during a simple ceremony at the Bulwagan ng Lalawigan.

He said the arrival of the implements is very timely as they came in handy for the rehabilitation of thousands of hectares of agricultural lands ravaged by Typhoon Pablo in the province.

The production of over 5,000 farmers stands to gain from the farm equipment that include hand tractors, mobile threshers, corn shellers, drum seeders, floating tillers and combine harvesters, among others.

By APIPA P. BAGUMBARAN, Contributor

CHRISTMAS VILLAGE.A mother and her child enjoy the miniature Christmas Village at the VIP Hotel in Cagayan de Oro City. Every Christmas season, the hotel displays its collection of miniatures showing various scenes that bring out the Christmas spirit. Some of the viewers who came to see were Sendong survivors who availed of the free entrance to the show. photo by gerry l . gorit

THE Cagayan de Oro Chamber of Commerce and Industry Foundation Inc. (Oro Chamber) and Canadian Chamber of Commerce of the Philippines Inc. (CanCham) have signed a Memorandum of Cooperation to increase interaction aimed at fostering bilateral transactions between the two chambers.

“We look forward to increased business between

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Misamis Oriental posts robust investment growth in 3Q

By APIPA P. BAGUMBARAN, Contributor

THE province of Misamis Oriental recorded the highest growth rate in terms of investments among the provinces in Northern Mindanao during the third quarter of 2012.

Report from the Department of Trade and Industry (DTI) in the region shows t hat invest ments wor t h P375.69 million were poured in the province during the quarter, up by 109 percent from the P179.46 million posted in the same quarter

in 2011.

Bulk of the investments in the province were classified under the services sector at 45.29 percent, followed by infrastructure and trading sectors at 21.63 percent and 21.14 percent, respectively.

According to the DTI

report, major investments in Misamis Oriental included development of new real estate lessors, construction of new hospital, construction of new gasoline stations, and establishment of new trading business.

In terms of contributions to the total regional investments, Misamis Oriental shared 33 percent followed by Lanao del Norte with P359.93 million or 31 percent.

Major investments in

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Lanao del Norte included expansion of commercial building, appliance display center, hardware stores, warehouse and additional hospital rooms.

Misamis Occidental ’s total investments of P220.17 million accounted for 19 percent of the regional total while investments poured in Bukidnon and Camiguin contributed 16 percent at P127.09 million and P60.95

million, respectively.

Constructions of new hotel and restaurant, as well as, expansion of apartments, boarding houses, and mixused buildings were the major investments monitored by the DTI in Misamis Occidental.

Investments in Bukidnon, on the other hand, included capital infusion on post-harvest facility project of Davao-Maramag Agriventure, Inc., expansion of

rubber boots/shoes production of Valencia Rubbertex, Inc., cut flower production, corn coffee production, and tourism-related services.

The DTI-10 classified investments in Camiguin under services and trading sectors. These included the establishment of gasoline stations, tourism-related investments, cable TV expansion, and establishment of commercial space leasing.

BUTUAN City -- The Sangguniang Panlungsod has approved a resolution regarding the supplemental 2013 Local Poverty Reduction Plan as endorsed by the City Development Council through CDC Executive Committee Resolution No. 09 series of 2012.

This is in consonance with the Department of Budget and Management (DBM), Department of the Interior and Local Government (DILG), Department of Social Welfare and Development (DSWD), and National Anti-Poverty Commission

(NAPC) Joint Memorandum Circular No. 01, Series of 2012 directing all the local government units to adhere to the policy guidelines and procedures in the implementation of the Bottom-Up Planning and Budgeting for the Fiscal Year 2013.

The end goa l for the approval was for the enhancement and enrichment of the physical assets of the poor. Such as empowering the Senior Citizens sector through the effective delivery of the basic services they need, another is through promoting a contin-

ued education by providing sufficient learning facilities for the students and lastly, through supporting and sustaining the livelihood and economic opportunities especially those of the displaced workers in the forestry sector to purposely improve the quality life of all Butuanons.

The replanning of the Special Purpose Fund (SPF) for the LPRAP was administered but the LPRA Team chaired by City Mayor together with the different sectoral representatives as members thereof.

DAVAO City -- Run-of-river hydropower developer Hedcor has planted more than

600,000 trees to date.

The mi lestone was reached during this year’s

reforestation activities in Benguet, Ilocos Sur, Davao City, and Davao del Sur. This year alone, the company planted close to 300,000 trees.

Over the years, Hedcor has consistently planted trees to contribute to the protection and conservation of watersheds.

Every employee takes part in the environmental effort. Each team member is committed to plant at least 20 seedlings every year.

The company’s vice president for Business Development Gregorio Jabonillo said, “Our commitment is to plant more trees and allow them the best chances of survival. This is pursuant to our watershed management plan.”

He added, “Our reforestation efforts contribute to retaining water and prevent flooding and erosion.”

Hedcor’s watershed management plan includes programs like reforestation, riverba n k stabi lizat ion, agro-forestry, and roadside rehabilitation.

The hydro developer partners with its host communities to ensure the protection and survival of planted trees.

For trees planted by the company, the survival rate is at 90 percent. This is above the target survival rate of 80 percent set by the Department of Environment and Natural Resources. reforestation/PAGE 7

Local poverty reduction action plan gets okayed

Hydro developer plants trees for reforestation

Toyota reaches $1.1B deal with US owners over recalls CHICAGO — Toyota has agreed to pay about $1.1 billion to settle a class action lawsuit launched by US vehicle owners affected by a series of mass recalls, the Japanese automa ker said Wednesday.

The deal will cover the cost of installing a free brake override system in millions of vehicles affected by the recalls and cash payments to those who sold their vehicles or decline the brake override.

Once lauded for its safety standards, Toyota has been forced into damage control mode in recent years af ter recalling millions of vehicles over defects.

Earlier this year it added two models to a controversial 2009 recall launched after floor mats became trapped under the accelerator, which was linked to accidents that allegedly caused dozens of deaths.

Toyota’s mishandling of the initial problem and other reports of sudden, u n i ntended

acceleration led to the recall of more than 12 million vehicles worldwide, a US congressional probe, more than $50 mi l lion in f ines from US regulators and public apologies by its chief.

Toyot a h a s s i nc e worked hard to regain its reputation for safety, while at the same time fighting off the impact of the economic crisis, a strong yen and the devastating 2011 quaketsunami disaster.

The settlement helps Toyota avoid a lengthy and risky court battle with angry owners who arg ued t hat Toyota’s technology — not the trapped f loormats — were behind the deadly

instances of sudden, unintended acceleration.

“This was a difficult decision — especially since reliable scientific evidence and multiple independent eva luations have confirmed the safety of Toyota’s electronic throttle control systems,” Christopher Reynolds, Toyota Motor North America’s chief legal officer, said in a statement.

“However, we concluded that turning the page on this legacy legal issue through the positive steps we are taking is in the best interests of t he company, our employees, our dealers and, most of all, our customers.”

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Oro Chamber helped thousands of Sendong victims in 2012 - Alegrio C AG AYA N D E O RO CITY - The Cagayan de Oro Chamber of Commerce and Industry Foundation Inc. (Oro Chamber) bared substantial accomplishments for year 2012 with emphasis on membership welfare and corporate social responsibilities.

Outgoing Oro Chamber president Ma. Theresa Alegrio bared that foremost of the association’s latest efforts centered on helping victims of calamities and typhoons.

For those victimized

by Typhoon Sendong, Oro Chamber’s relief efforts helped more than 5,000 internally displaced persons (IDP’s). Some 1,400 fa mi lies in Iligan Cit y received relief goods, including 2.350 employees of its member companies in Iligan and Cagayan de Oro. Over 4,000 families who suffered from Typhoos Sendong were beneficiaries of Oro Chamber’s water distribution.

Ms. Alegrio made the pronouncement during the Chamber’s 4th General Membership Meeting and Induction of 2013 chamber officers, and Christmas Party, held at Grand Caprice, Dec. 27.

The new officers sworn in by past president and PCCI official RODOLFO L. MEÑES, is led by Efren Uy of New Cagayan Universal Hardware as the incoming president; VP for AggriFiheries & Mining Sector.

Eriberto Gualberto; VP for Busioness Support Organization Sector Eduardo Alaba; VP for Manufacturing and Industry Sector, Jaime Rafael Paguio; VP for Trade & Commerce Sector, Antonio D. Uy; VP for Services Sector Jeffrey Ang; Treasurer Edmubndo R. Chaves Jr., and Corporate Secretary Atty. Zoilo A. Velez.

Ms. Alegrio also took note that with the Chambers’ efforts, Cagayan de Oro City is one of the 3 cities in the country currently supported by the United States’ USAID Cities Development Initiative Pprogram. The other two are Batangas and Iloilo.

Canadian Chambersign Agreement with Oro Chamber Meanwhile, the Chamb er re c ent ly sig ne d a Memorandum of Cooperation with the Canadian Chamber of Commerce of the Philippines Inc. (CanCham) .

The accord signif ies more interaction to foster bilateral transactions between the two chambers.

Julian H. Payne, Canadian Chamber president was present during the signing ceremonies held

Thursday, December 27.

Outgoing president Teresa Alegrio said that the agreement aims to also increase the international trade between Canada and Cagayan de Oro. “We aim to do this by ensuring effective information sharing and technology transfer. says Alegrio” The initia l activ it yplanned under the agreement is tentatively, a Canadian Business Forum in this city early next year.

As the organized representatives of businesses the two chambers support, protect and promote business interests,of the two countries.

Statistics show that there are now around 400,000 Fi l ipi no Ca nad ia ns i n Canada, making them the third largest Asian Canadian group after the Indian and Chinese communities.

They are also the largest Southeast Asian group in the country. Between the years of 2001 and 2006, the Filipino community in Canada grew from 308,575 to 410,695 or a growth of about 33%, compared to the rest of Canada, which only grew, by about 5%. On average, Canada received about 20,500 Filipino immigrants every year from 2001 to 2006. Assuming this growth rate continued, the Filipino-Canadian populace was expected to hit 500,000 by 2010.

In 2010, the Philippines was the largest source country for immigrants to Canada. There are approximately 7,500 Canadians residing in the Philippines. The Philippines is now Canada’s main supplier of skilled immigrants, with over 500,000 Filipinos already working across Canada.

Tota l trade bet ween the two countries reached C$680.14 in the first six months of 2012, and totalled C$1.456 billion for the whole of 2011, according to the Asia Pacific Foundation of Canada. In 2011, Canadian merchandise exports to the Philippines were valued at CAD $554.6 million, while Canadian imports from the Philippines stood at CAD $915.8 million.

Just last month, Xinhua news agency reported President Benigno S. Aquino III and visiting Canadian Prime Minister Stephen Harper agreed to further increase trade between the two countries. At a joint press meeting after their bilateral talks, both leaders stressed the importance of raising bilateral trade, which reached about $1.5 billion in 2011.

Canada’s trade and investment relationship with the Philippines spans

Outgoing prsident Teresa Alegrio turns over the leadership to Efren Uy of New Cagayan Universal Hardware as the incoming president Oro Chamber. The new officers sworn (below) include VP for Agri-Fisheries & Mining Sector. Eriberto Gualberto; VP for Busioness Support Organization Sector Eduardo Alaba; VP for Manufacturing and Industry Sector, Jaime Rafael Paguio; VP for Trade & Commerce Sector, Antonio D. Uy; VP for Services Sector Jeffrey Ang; Treasurer Edmubndo R. Chaves Jr., and Corporate Secretary Atty. Zoilo A. Velez. photos by rolando sudaria of mindanao star balita

many sectors. Canadian companies with expertise in information and communications technology, aerospace and defence, power generation (renewable energy), and natural resource extraction are in a position to take advantage of new opportunities within these sectors. In addition, the market for agricultural products in the Philippines continues to be robust, with significant potential for growth within the processed food and beverage sub-sector and franchises.

(A. Mediante/Mike Banos)

BSP readies guidelines for assessing quality of bank board decisions THE Bangko Sentral ng Pilipinas (BSP) will put in place new guidelines to help assess the qua lit y of decisions made by bank boards in areas such as antimoney laundering and trust operations.

“The rating system for corporate governance has already been approved by the Monetary Board and the d ra f t memora ndu m on trust banking assessment has already been exposed for comments,” BSP Deputy Governor Nestor A. Espenilla Jr. said.

A m id na r row i ng margins brought about by low interest rates, banks may take unacceptable risks to meet profit goals, according to the BSP. “Business as usual is not going to be good enough in the face of a low interest environment in the foreseeable future, of the potential entry of competitors

in funding and credit, of more demanding standards on customer protection and transparency and of more effective and binding r isk-based super v ision,” Espenilla said.

He s a id t he new guidelines would be similar to the CAMELS rating scheme, under which banks are assessed in terms of their capital adequacy, asset quality, management quality, earnings, liquidity and sensitivity to market risk.

The BSP has circulated the draft memorandum order among banks for comment, with implementation scheduled for January 1, 2013.

“We already have a draft paper and right now we a re t a k i ng comments and sent the heads up that a trust operations risk assessment tool is coming their way,” Espenilla said.

HSBC is best government securities dealer for 2012 HSBC Philippines bested 37 other banks to become the “best government securities eligible dealer” (GSED) for the year.

It was cited for the tamiento in Manila last number of Treasur y Tuesday. bill and Treasury bond The Bureau of the auctions it had partici- Treasury will transfer pated in as well as for to the Ayuntamiento the volume of securities from its offices at the it had been awarded Palacio del Gobernador during these auctions. next year.

GSEDs are financial Mr. Veloso is curinstitutions that buy rent ly HSBC ’s chief and sell securities for of global and markets their own account or on operat ions a nd w i l l behalf of clients. They head the bank beginare licensed by the Se- ning Dec. 24. curities and Exchange In second place was Commission (SEC) and Deutsche Ba n k, folare allowed to partici- lowed by the Bank of pate in the Treasury’s the Philippine Islands (3rd); BDO Unibank, weekly auctions.

“HSBC is very hon- Inc. (4th); Land Bank ored and delighted to of the Philippines (5th); receive this award. This Cit iba n k NA (6t h); is a testament to our Metropolitan Bank & commitment to work Trust Co. (7th); Stanwith the government,” dard Chartered Bank said Jose Arnulfo A. (8th); Philippine NaVeloso, upcoming HSBC tional Bank (9th); and Philippines chief execu- Security Bank Corp. tive officer, during his (10th). speech at the awarding For her part, Nationrites held at the Ayun- al Treasurer Rosalia V.

de Leon, in her speech at the same event, said: “I want to work more with [the banks]. I want to expand the government’s partnership with all of you (GSEDs).”

“In our dollar deals [this year], we had 10 arrangers, I don’t mind that as long as we all cooperate, we share together one goal... This is more for the government, for the economy and the country. I look forward to when all the GSEDs we work with will be in all the deals we will do in

the future. Big or small, you all contribute to the success of any government undertaking,” she added.

“This year, we saw a lot of offshore investors going to the equities and fixed income markets. We also saw the bid thru rates coming down... that is what the government wants to see from you (GSEDs).”

“Ne x t ye a r... le t ’s work together to further extend our tenors and fund our borrowings at a cheaper cost.”

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THINK a minute…

A king was offering a prize to the artist who could paint the best picture of peace.

Many artists from around the country tried. The king looked at all the pictures and there were only two he really liked. But he had to choose between them.

One picture was of a calm lake. The lake was surrounded with peaceful, towering mountains. Above them, was a blue sky with fluffy white clouds. Everyone who saw this picture thought that it was a perfect picture of peace.

The other picture had mountains too. But these were rugged and bare. Above

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In feng shui, 2013 is ‘best time to start over’ Features

IF you a re planning to change careers, put up a business or end a relationship, do it before the start of the Year of the Water Snake to have the most luck, according to a feng shui expert.

Citing her analysis of feng shui charts, Marites Allen said the Year of the Water Snake, which begins on February 10, 2013, is the best time to start a new life. “[The Year of the Water Snake] is something like a reset button,” Allen, who is now based in the United Kingdom, said in a press briefing during her visit to Manila.

“If you want to start with a new career, this is the year,” she added. “If you ask me, I’m back to zero all over again. I started Frigga (her feng shui-inspired clothing line). It’s a reset button for everybody.”

Allen said good things are expected to come in the Year of the Water Snake, as compared with the “notso-lucky” Year of the Water Dragon since the coming year has “a complete set of elements.”

“Things will be very good because it has the presence of two wood elements, two water, two earth, a metal and a fire. So this is a complete set of elements,” she explained to members of the media as she points to a feng shui illustration. “We are hoping to go through a better time

Picture of Peace

after so many years of [hardship].”

She also mentioned that following things that people should watch out for during the Year of the Water Snake: Water disasters and fighting can have some impact in the general scene.

Younger generation will be governing this year Clever people will reign supreme over powerful people Friendly alliances can take place, not only within the Philippines but also in other countries Technology will bring more people together ‘Lucky’ animal signs Referring to the “flying star” chart, a discipline in feng shui that analyzes positive and negative auras, Allen also announced the “lucky” animal signs for the Year of the Water Snake.

She said those who were born in the Year of the Tiger and the Year of the Ox will gain wealth-related luck during the Year of the Water Snake. Dragons and Snakes, on the other hand, are seen to be lucky in issues related to love, romance and education next year.

Figures showing a tiger and a rabbit “Pwede nang magpakasal,” Allen said of those born in the Years of the Dragon and Snake.

Other “lucky” animal signs include the Horse, which is seen to have more 2013/PAGE 7

AS the times and the technology become more complex and sophisticated, so do the crimes.

There have been alarming reports of the emergence (and the growing number) of cyber threats to the financial services industry.

According to a 2012 study

by Norton, a leading security software company, the number of attacks worldwide have gone up by 42 percent while the cost of global cyber crime has reached US$110 billion annually. “(The) new generation of viruses, worms, Trojans, and spyware has the potential to escalate the amount being stolen from accounts without a hacker’s supervision,” the study revealed.

This information is especially important because as of September 30, 2012, 51 banks in the country have proprietary Internet and mobile banking systems, while 36 banks have subscribed to

was a dark, angry sky and heavy rain with flashes of lightning. Down the side of the mountain roared a huge, powerful waterfall. It did not look peaceful at all.

But when the king looked closely at the second picture, he saw behind the waterfall a tiny bush growing in the crack of the rock. A mother bird had built her nest in the bush. There, in the middle of all the noise of rushing water and scary, thundering skies, that mother bird sat—in perfect peace.

Which picture do you think won the prize? The king chose the second picture because He said: “Peace does

not mean you must be in a place where there is no noise, trouble, pain, or pressure from work. The real meaning of peace is to be right in the middle of all those difficult experiences, and still be calm and confident in your heart.”

It doesn’t matter what difficult situation you’re in right now. Jesus, the Christ of Christmas and Prince of Peace, loves you. And this Christmas season, even with everything you may be going through, you also can have peace in your heart. If you’ll ask Jesus, God the Son, to forgive you for all your wrongs, and then ask Him to take full control of every

Cyber Threats

Bancnet Online to provide Internet services or “act as another gateway.”

The tota l nu mber of ATMS and point of sale (POS) terminals deployed has reached 13,109 and 89,253, respectively. According to the Bangko Sentral ng Pilipinas, cardholders now number about 46.7 million.

Last September 17, 2012, the Financial Services Information Sharing and Analysis Center (FS-ISAC) issued a warning to US financial institutions about cyber criminals “using tools such as phishing and spam emails in an effort to hack financial networks and drain online accounts via unauthorized wire transfers.”

Just last December 7, 2012, leading global business news and information organization The Financial Times reported that hackers have stolen more than 36 million euros from more than 30,000 online banking customers in

Germany, Italy, Spain and the Netherlands “using a new two-stage Trojan virus.”

In addition to these, information technology (IT) experts from Trend Micro, Inc., a Japan-based security company, have observed that cyber criminals are moving to the Asia Pacific because 46 percent of internet traffic emanates from this region.

The Asia Pacific region, according to Trend Micro, registers 2.9 billion mobile subscribers.

This obser vation was further supported by Russian internet security firm Kaspersky Labs, which predicted that Southeast Asia “will be one of the most vulnerable regions in the world to cyber attacks, with criminals taking advantage of rising incomes and growing online banking activities in countries like the Philippines.”

Cyber threats have also become politically motivated.

Think a minute

JHAN TIAFAU HURST

area of your life, every day.

He will fill your heart with His power and peace that you can never find anywhere else.

Just think a minute…

Speaking out

IGNACIO BUNYE

Throughout September and October, 2012, a number of big banks in the United States suffered distributed denial of service (DDOS) attacks on their websites.

A radical Muslim group protesting the production of a short film mocking the Prophet Mohammad claimed responsibility for the attacks.

Philippine government websites also suffered defacements from hacktivists (hacker-activists) who wantbunye/PAGE 7

Lord of history WE need to realize that there is such a person as the Lord of history.

He is the one who orchestrates all the events of the world in the whole length of time since he is the world’s Creator who cannot abandon his creation. Rather he continues to govern it, since he created it for a purpose.

This Lord of history is God who revealed himself to us completely in his Son who became man, Jesus Christ, and who continues to be with us in the Holy Spirit through the Church and through the many instrumentalities—doctrine, sacraments, hierarchy—that Christ himself put up to keep his presence and action abiding in us throughout time.

We need to understand that history is not just a product of blind forces nor of chance. It is a manifestation of divine providence that has to contend with our human freedom that can turn things in any which way. We need to understand that history is not just a series of events that we record, with more

or less some logic thrown in to make it acquire some meaning. It is a history of salvation planned by God from all eternity, given birth in time, and developed toward its proper end through the twists and turns of human freedom. It is a history whose vital action takes place first of all and always in the hearts of men as they relate themselves to God or not, before it produces repercussions in the other aspects of human life: professional, social, economic, political, cultural, etc.

So our history is a joint venture between God and us, with us always asked to participate as actively and as freely as possible in the plan of God. God is responsible for our history. He is always in control, knowing what to do in any situation. But we too are responsible. That’s the reason why we need to try our best to get in touch with God always. Every move that we make should be planned and executed always with God. And every incident that comes our way, good

or bad, should be viewed always with God also.

That is why it is the saints, from the time of the apostles up to now, more than the political or social leaders and heroes, who have effectively illuminated history. That is why the Church survives in spite of the many grave and serious crises it faced through time.

The saints, ever faithful to God’s will and docile to his abiding promptings, and even if their efforts were mostly hidden and hardly recognized, have been the ones who have outlived big empires and powerful ideologies. Their contribution went beyond what simply are temporal and worldly.

They linked world events to their supernatural end.

Like Christ, they did their part always passing through the way of the Cross. That’s how their resurrection, their victory was also assured.

That is why, for the world today to successfully face the most subtle and deadly challenges it faces, it needs real saints who are faithful to

Hints and traces

FR. ROY CIMAGALA

God and not afraid to carry the Cross. In today’s world situation, what is needed are saints who know how to grapple with the sophistries of the times not so much by the eloquence of the words as by the abiding testimony of their saintly lives that highlight the spiritual and supernatural realities. As St. Paul put it: “My speech and my message were not in plausible words of wisdom, but in demonstration of the Spirit and of power, that your faith might not rest in the wisdom of men but in the power of God.” (1 Cor 2,4) cimagala/PAGE 7

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Bunye... from page 6

wanted to “shout” their opinions on the Scarborough Shoal and the controversial Anti-Cyber Crime Law. The BSP, for its part, has plans to coordinate with banking industry associations and IT security experts to tackle the seriousness of these cyber threats and the necessity for effective business continuity plans.

There is indeed a need to be especially vigilant in light of all these threats. Awareness is key to successfully combat this modern global menace. *** My book, Central Banking for Every Juan and Maria is now available at Fully Booked, Bonifacio High Street, Bonifacio Global City. To reserve your copy, please contact 858-7000 or 858-7036.

You may e-mail us at totingbunye2000@gmail. com.

Cimagala... from page 6

2,4) This does not mean that we don’t study the doctrine of our faith, but we need to see to it that such study truly redounds to a palpable sanctity that is always accompanied by the zeal to do apostolate, the best sign of Christian love one can have toward others. It is in this way that we can expose the lie behind the deceptive sophistries of our times like relativism, rationalism, atheism, agnosticism, materialism, exaggerated forms of spiritualism that downgrade the objective value of the material world, etc.

These are what ail the modern world, an ailment that is not anymore considered as such, but rather the opposite, as a kind of liberation, enlightenment and the like. One is truly sick when he insanely considers his illness as his health and power. The Lord of history is doing his part, and provides us with everything we need. It’s us who need to correspond.

2013... from page 6

“prosperity”; the Rat, predicted to get the energies of the “white star,” which is associated with overall success; and the Dog and Boar, said to have better “heaven luck” or karma.

On the other hand, Allen said the Rabbit, Rooster, Sheep and Monkey will not be as fortunate during the Year of the Water Snake.

She said those born in the Year of the Sheep and the Year of the Monkey are more likely to suffer from illness; the Rooster may tend to get more violent; and the Rabbit may get into more arguments next year.

Meanwhile, Allen stressed that she cannot instantly give individual predictions without enough data, reacting to questions from the media and guests about their own fortunes.

“Hindi po siya basta-basta. It comes with analysis so

we use the four pillars chart of the year, ibig sabihin ‘yung date of birth of the person, the flying stars, meaning ano ‘yung mga maswerte at ‘di maswerteng lokasyon, and even our own astrological signs,” she explained.

“Hindi po kami manghuhula. Kunyari, sino po ang mananalo. You have to give us time,” she added. “We cannot simply say them straight. We have to do the analysis kaya sana in the future when you come and see us, you give us time to analyze. Hindi pwedeng bigla-bigla, kasi those who do that, hula hula lang ‘yan.”

Three types of luck Allen warned, however, that Filipinos should not focus too much on feng shui as there are two other things that affect a person’s luck.

She said feng shui falls under the “earth luck” category as it helps attract positive energy and deal with negative energy.

The other two are “heaven luck” and “human luck.”

“I always explain that there are three types of luck.

The first one-third is the heaven luck… This is something that is God-given and cannot be changed.

“The second one-third is what you do to yourself (human luck), a result of your actions and decisions.

If I am lazy, nobody is going to put food on the table.

“The final one-third is what we call the earth luck.

This is what feng shui is all about.”

While a lot of Filipinos do not believe in feng shui, many of them prefer to be on the safe side by adhering to its principles, buying trinkets and other “lucky” items for themselves and their homes.

Others, meanwhile, opt to respect the ancient Chinese system the same way that believers do not criticize their Catholic faith.

Labor...

from page 1 at a rate of 95.3 percent, up by 0.4 percentage points from the 94.8 employment rate in the same period last year, he said.

This resulted to a 0.4 percentage point decline in the region’s unemployment rate, from 5.2 percent last year to 4.7 percent this year.

Underemployment rate also fell by 1.9 percentage points, from 22.3 percent to 20.3 percent.

In absolute terms, the number of workers who expressed their desire to earn more income either by additional work hours or jobs dropped by about 19,000 from 426 million in July 2011 to 407 million a year after, Clarete said.

According to him, the positive development may be due to a shift in employment growth from agriculture sector to the services sector.

He said the services sector, which offers higher labor productivity than agriculture, is now the region’s biggest employer engaging more than one million workers.

Year-on-year, employment in the services sector went

up by 94,000 while that in the agriculture and industry sectors declined by 5,000 workers and 4,000 workers, respectively.

Agreement... from page 1

business group. “We aim to do this by ensuring effective information sharing and technology transfer.”

Oro Chamber Sec. Gen. Lordilie Enjambre said the initial undertaking planned under the agreement is a Canadian Business Forum planned for early next year.

As the organized representatives of business to support, protect and promote their respective business interests, this can be enhanced by the establishment and strengthening of cooperation between the two chambers, the agreement reads in part.

According to Wikipedia, there are now around 400,000 Filipino Canadians in Canada, making them the third largest Asian Canadian group after the Indian and Chinese communities. They are also the largest Southeast Asian group in the country.

Between the years of 2001 and 2006, the Filipino community in Canada grew from 308,575 to 410,695 or a growth of about 33%, compared to the rest of Canada, which only grew, by about 5%. On average, Canada received about 20,500 Filipino immigrants every year from 2001 to 2006. Assuming this growth rate continued, the Filipino-Canadian populace was expected to hit 500,000 by 2010.

In 2010, the Philippines were the largest source country for immigrants to Canada. There are approximately 7,500 Canadians residing in the Philippines. The Philippines is now Canada’s main supplier of skilled immigrants, with over 500,000 Filipinos already working across Canada.

Tot a l t r ade bet ween the two countries reached C$680.14 in the first six months of 2012, and totalled C$1.456 billion for the whole of 2011, according to the Asia Pacific Foundation of Canada. In 2011, Canadian merchandise exports to the Philippines were valued at CAD $554.6 million, while Canadian imports from the Philippines stood at CAD $915.8 million.

Just last month, Xinhua news agency reported President Benigno S. Aquino III and visiting Canadian Prime Minister Stephen Harper agreed to further increase trade between the two countries. At a joint press meeting after their bilateral talks, both leaders stressed the importance of raising bilateral trade, which reached about $1.5 billion in 2011.

“Our government is taking actions to aggressively expand commercial relations with the entire Asia Pacific region. We’re doing so to help create jobs, economic growth and a better quality of life both in Asia and in Canada,” Harper said.

“The Philippines has thus become an important economic partner for Canada. In 2011, bilateral trade reached nearly $1.5-half billion. Our hope is to build on this strong and expanding commercial relationship,” the Canadian leader added.

“We look forward to increasing trade and investment with Canada,” Aquino said in response.

Canada’s trade and investment relationship with the Philippines spans many sectors. Canadian companies with expertise in information and communications technology, aerospace and defence, power generation (renewable energ y), and natural resource extraction are in a position to take advantage of new opportu-

nities within these sectors.

In addition, the market for agricultural products in the Philippines continues to be robust, with significant potential for growth within the processed food and beverage sub-sector and franchises.

Reforestation... from page 2

The hydro company’s practices and compliance with environmental policies earned another Seal of Approval from the DENR pursuant to the latter’s Philippine Environment Partnership Program or PEPP. The company is also ISOcertified for its Environment Management System.

Hedcor is a wholly-owned subsidiary of AboitizPower.

It has 19 hydropower plants in Benguet, Ilocos Sur, Davao City and Davao del Sur with a total capacity of 155 megawatts. (Hedcor)

Mango... from page 8

growers’ associations at the community to regional level to have stronger links with assemblers, traders and exporters.

The participants formulated resolutions seeking to address issues such as: assistance on soil and leaf analysis for more efficient use of fertilizers; promotion of cost-efficient processing technologies; and activation of local mango associations to directly supply institutional markets.

Ellen Lantican, DA-12 regional high-value crop specialist, told growers there were more or less 16 power sprayers and flower inducers’ equipment for distribution to mango growers’ associations in the region.

Centra l Mindanao is comprised by the provinces of Cotabato, South Cotabato, Sultan Kudarat and Sarangani and the cities of Cotabato, Tacurong, General

7

Santos and Koronadal.

The Bureau of Agricultural Statistics showed that in 2011, Cotabato led the region in mango production with at least 28,528 MT. South Cotabato followed with 16,620 MT; Sarangani with 4,917 MT; and Sultan Kudarat with 2,269 MT. Ms. Datukan said in a statement the region accounted for 6.6% of the national mango production and 24% of Mindanao’s total mango production.

Products... from page 8

enable agri-fishery based producers to develop their products and enable them to compete in both local and international markets.

Furthermore, the ADC has an Export Showroom which provides a venue for small and medium agrientrepreneurs and processors to promote and market their products that are of export quality. It also has an Activity Center which showcases products that are for market testing and linkage.

The ADC also participates in international trade fairs and selling missions which also spurs interest among potential buyers then providing better opportunities for agri- entrepreneurs to expand their market by directly linking them with potential buyers and investors locally and internationally.

With the ADC services revealed, it is expected to maximize the opportunities being offered. For more information of ADC services they can be reached through their email address agri. adc@gmail.com or through their contact numbers (02) 928-8751 to 65 local 2173-75; 929-1718. # (VANESSA MAE S. SIANO, DA-RAFID 10)

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Problems in mango production flagged KORONADAL -- Low financial returns due to the high cost of agricultural inputs and the absence of regional or local producers’ associations that will help oversee the industry, were the major issues identified by mango industry stakeholders in Central Mindanao in a consultation held last week.

DA-10 commends best implementer of GSPP

Mr. Crisanto P. Laurosa (top right), Gingoog City Division GSPP Coordinator is recognized as the best implementer of the Gulayan sa Paaralan Project (GSPP), which was handed to him by GSPP Regional Reports Officer Glenn A. Janubas (top left) during the project’s regional annual assessment on December 20, 2012 at De Luxe Hotel, Cagayan de Oro City . The Department of Agriculture-10 (DA-10) lauded his efforts in inculcating the value of planting and eating vegetables among school children. He promptly and consistently provides the agency with updates on the development of the project implementation, reaching the one hundred percent target of established school gardens for 2011 and 2012 beneficiaries. Recently, he launched a project in the Schools Division of Gingoog City called “Plant and Eat More Vegetables Everyday” (PEMVED). The project supports GSPP’s cause in eradicating malnutrition as well as in generating additional source of income for the school and the community. For 2013, GSPP targets to establish vegetable gardens in 815 public elementary and secondary schools in the region. # (VANESSA MAE S. SIANO, DA-RAFID 10)

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The meeting was organized by the Department of Agriculture’s Region 12 (DA-12) through its High Value Crops Development Program. Amalia J. Datukan, DA-12 director, said Central Mindanao ranked sixth nationwide in mango production in 2011 with a total production of 52,183

metric tons (MT), thus the department is determined to strengthen the industry.

Additional issues aired out by t he sta keholders included, among others: excessive use of pesticides and fertilizers by some growers; insufficient production equipment; influence of middlemen; and absence of

Kalen Sarmiento, Marketing Officer of the Agribusiness Development Center explains it would help small and medium food processors entice more potential buyers in the local and international markets to patronize their products during a Market Forum held in Cagayan de Oro City on December 18, 2012.

ADC pushes market devt for agri-based products

IN accordance with its function of promoting agri-based products in the local and international markets the Department of Agriculture – Agribusiness and Marketing Assistance Division (DAAMAD) conducted a market forum with local small and

medium agricultural product processors in Region 10 on December 18, 2012.

The forum serves as an information campaign on the services being offered by the Agribusiness Development Center (ADC).

The ADC is under the

Republic of the Philippines REGIONAL TRIAL COURT MISAMIS ORIENTAL 10TH Judicial Region Branch 18 Cagayan de Oro City

IN THE MATTER OF THE CANCELLATION OF AND CORRECTION OF ENTRIES IN THE BIRTH CERTIFICATES OF MINORS HONEY PIE GASPAY ESTRADA, JENNIFER GASPAY ESTRADA AND JERILLE GASPAY ESTRADA,

Agribusiness and Marketing Assistance Service (AMAS) which serves as a one stop information shop for agribusiness stakeholders as to market and price updates.

The center also conducts training services that will products/PAGE 7

Republic of the Philippines CITY SOCIAL WELFARE AND DEVELOPMENT DEPARTMENT City Hall, Cagayan de Oro City Tel. Nos: 724839 / 858-6325 / 723840 or 8574281 loc. 308

SPEC. PROC. CASE NO. 2012-068

AURORA BATICA GASPAY and JERRY O. ESTRADA, Petitioners,

PANAWAGAN

VERSUS THE CIVIL REGISTRAR OF CAGAYAN DE ORO CITY, Respondent x__________________________________x

ORDER The instant Amended Petition filed by the petitioners, Aurora Batica Gaspay and Jerry O. Estrada (hereafter petitioners), seeks the correction of the entries in the following: The Date and Place of Marriage Parents in the Certificates of Live Birth of Honey Pie Gaspay Estrada, Jennifer Gaspay Estrada and Jerille Gaspay Estrada: Date of Birth of Honey Pie Gaspay Estrada: Mother’s Maiden Name in the Certificates of lo Live Birth of Honey Pie Gaspay Estrada and Jerille Gaspay Estrada:

laboratories in the region that would serve the industry’s testing needs.

The meeting was attended by 15 mango grower-producers, contractors, traders and academic researchers.

Rex A. Rivera, agronomist and an advocate of organic farming, suggested that growers should not rely on mango alone through mono-cropping system. He recommended intercropping and organic mango production.

He also suggested that mango farmers organize mango/PAGE 7

From :

“ January 15, 1993, Southern Leyte”

To:

“None”

“October 17, 1997”

“October 27, 1997”

“Rory Batica Gaspay”

“Aurora Batica Gaspay”

Finding the Petition to be sufficient in form and substance let the initial hearing of this case be set on March 27, 2013 at 8:30 in the morning before this Court let a copy of this ORDER be published at the expense of the petitioner, once a week for three (3) successive weeks in a newspaper of general circulation in Cagayan de Oro City.

Respondents Local Civil Registrar of Cagayan de Oro and the National Statistics Office and any person having or claiming any interest on the entry whose correction is sought may within fifteen (15) days from notice of this ORDER or from the last date of publication thereof.

File their opposition/comments and appear at the scheduled hearing.

Furnish copies of this ORDER, together with the Petition and its annexes, to the Office of the Local Civil Registrar of Cagayan de Oro, the Office of the Solicitor General and the National Statistics Office, Manila.

SO ORDERED December 3, 2012 Cagayan de Oro City

BWM: Dec 24, 31 2012 & Jan 7, 2013

Dennis Z. Alcantar Presiding Judge

Ginapanawagan ang mga guinikanan o mga paryente sa usa ka bata nga babaye nga karon nagpangidaron ug tulo (3) ka tuig ug unom (6) ka bulan, nga niadtong Mayo 28, 2009, alas 6:00 sa buntag napalgan ni Dorris Caturan atubangan sa gate sa panimalay sa magtiayon nga Peregrino ug Eunice Ruth Vitorillo, diha sa RER, Block 13, Phase 1, Kauswagan Cagayan de Oro City. Kasamtangan ang bata bag-o pa natawo nga guiputos sa Malong guibutang duol sa basurahan sa Vitorillo residence.

Palihug pag-anhi sa buhatan City Social Welfare and Development, City Hall, Cagayan de Oro City aron pagahisgutan ang kahimtang sa bata. Pakigkitai lang si Meriam C. Caducoy and handling Social Worker o tawag sa Telepono numero 858-63-25.

Kung kinsa kadtong nakabati nga silingan o kaha mga kaparyentehan palihug sa pagpahibalo sa mga hingtundan aron sila makigkita sa among buhatan.

Magpaabot kami ug Daghang Salamat.

Ang nagpasibya,

BWM: Dec. 31, 2012

MERIAM C. CADUCOY Social Worker

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NNC hoists ‘Green Banner’ and Outstanding Barangay Nutrition Scholars in regional nutrition awards

By Shaun Alejandrae Yap Uy of The Cagayan de Oro TIMES

T

he National Nutrition Council Region 10 held the Regional Nutrition Awarding Ceremony,December 21, 2012 at Grand Caprice Restuarant, Limketkai Center, Lapasan Cagayan de Oro City.

The success of the local government units inspires Nutrition Program Coordinator Zenaida T.Tondares to already look forward to the year ahead in her welcome speech ““next year, hopefully, it will be a good year for us at the national level... based on the good performances of these local government units, we will have two candidates for CROWN awards, one for City level and one for provincial level” The recipient LGU of the Green Banner Award for three consecutive years is automatically recommended by the Regional Nutrition Committee to be awarded the Consistent Regional Outstanding Winner in Nutrition (CROWN) award by the NNC at national level.

Tondares also pointed out the importance of the nutrition advocacy, “to make the most of the event that we have today, we have an opportunity to introduce to everyone the Regional Ten Revised Nutritional Guidelines for Filipinos (NGF), which will be our commitment for nutrition advocacy from this time on... we are also organizing our media group, so that we will have a potent advocacy group who can partner with us strongly in promoting good nutrition.”

The media group is dubbed as the Media Advocates for Nutrition in Governance [MANGO DIEZ].

Keynote speaker, Director Aristides Concepcion Tan, the Regional Director of the Department of Health Region10 and Chairman of the Regional Nutrition Committee (RNC) X recognizes the importance of the Regional Nutrition awards in his opening statement, ““this occasion is really appropriate to recognize the outstanding performers in the implementation of nutrition programs in their own respective areas” Director Tan adds that “the Millennium Development Goal number one which is the eradication of poverty and extreme hunger… prolonged hunger by

nature will lead to malnutrition, and malnutrition is considered one of the main factors leading to illnesses, in short malnutrition is the root cause of health problems” Tan also inspires everyone with his statement: “nutrition is very important at the first stage of life”.

He also further emphasized that in giving proper nutrition at this stage of life, Filipinos will have low risk having lifestyle diseases.

The awarding ceremony was also graced by Congressman Maximo Bautista Rodriquez Jr. of ABANTE MINDANAO party list.

Congressman Rodriguez pointed out the need for additional incentives for Barangay Nutrition Scholars (BNS) and Barangay Health Worker (BHWs) and committed support to pertinent efforts along this line in the incoming years (2013) for the region.

National Nutrition Council Region 10 presented this year’s Green Banner Awardees (GBA) as a result of the Monitoring and Evaluation of Local Level Plan Implementation 2012 conducted by the inter agency Regional Evaluation Team (RET X).

Misamis Oriental grabs the GBA for the Provincial Level; Valencia City in Bukidnon takes home the GBA for the City Level, and Maramag, Bukidnon for the Municipal Level.

The NNC X’s Green Banner Award is also given to the Barangay Level starting off with the Province of Misamis Oriental. The City of Gingoog is honored through Brgy.Kibuging, Brgy.Talisay, Brgy.Lunao, and Brgy. 19; also awarded to Brgy.Dinagsaan of the Municipality of Salay, Brgy.

Malanang of the Municipality of Opol, Brgy.Katipunan of the Municipality of Villanueva and three from the Municipality of Balingasag namely: Brgys Poblacion 1, Mandangoa and Binitinan.

The list of Green Banner Awardees for barangay level continues with Valencia City, Bukidnon- Brgys Concepcion, Laligan, Tugaya, San Carlos, and Nabag-o,

Malabalay City’s Brgys 1, 4, 10, Sto.Niño and Patpat.

Also in Bukdinon, the Municipality of Maramag produced three awardees: Brgys Panalsalan, North Poblacion and Danggawan.

The Municipality of Manolo Fortich Brgys: Dahilayan,

Sankanan, and Mantibugao.

For Municipality of Pangantucan: Brgys Concepcion and Madaya.

The Provincial Green Banner Awardees are Province of Misamis Orientalfor the Municipality of Salay, and the Province of

Bukidnon-Municipality of Maramag.

Special awards were also presented to the city of Ozamiz for having garnered the 2nd year CROWN maintenance award at national level and municipality of Opol, Misamis Oriental for having the 1st year CROWN maintenance award also at national level for 2012.

Eight (8) contenders in the Search for Regional Outstanding Barangay Nutrition Scholars (ROBNS) were also awarded with cash and plaques, 1st Ms Arlyn C.Bongcas of Brgy. 1,Malaybalay City; 2nd Ms Maricel F.Oca of Carangan,Ozamis City; 3rd Ms Paciana B.Dombase of Concepcion, Valencia City; 4th Ms Serina Saw-ig of Dinagsaan,Salay,Misamis

Oriental; 5th Ms G e m m a O. L i g an of Panalsalan,Maramag, Bukidnon; 6th Ms Marites A.Logong of Kibuging, Gingoog City ; 7th Ms Marife Mag-usara of Sta. Cruz,Tangub City; and 8th Ms AnnalleeMacabenlar of Agusan, Cagayan de Oro City.

The success of the event was capped with the launching of the NNC’s media advocacy group MANGO DIEZ where selected members of the Cagayan de Oro media affixed their signatures in the unveiling of revised 10 Nutritional Guidelines for Filipinos (NGF) to signify their commitment in promoting the NNC’s nutrition advocacies and programs in local governance.

12

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Congratulations and more power to the Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc. 4th General Membership Meeting cum Induction of 2013 Chamber Officers and Christmas Party DECEMBER 27, 2012 GRAND CAPRICE RESTAURANT Cocktails & Fellowship at 5:30 P.M. | Program proper at 6:00 P.M.

2 013 B OA R D O F T RU S T E E S President

EFREN T. UY

New Cagayan Universal Hardware

VP for Agriculture, Fishery & Mining Sector

ERIBERTO “BANS” P. GUALBERTO UltraFarm

VP for Business Support Organization Sector

EDUARDO B. ALABA

Drugstore Association of the Philippines

VP for Manufacturing and Industry Sector

JAIME RAFAEL “RALPH” U. PAGUIO CEPALCO

VP for Trade and Commerce Sector

ANTONIO D. UY Music Vision

VP for Services Sector

JEFFREY T. ANG Max’s Restaurant

Treasurer

EDMUNDO R. CHAVES, JR. Red Palm Inn

Corporate Secretary

ATTY. ZOILO A. VELEZ RC Narc

Greetings from