BusinessWeek Mindanao (February 15-16, 2013 Issue)

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Issue No. 164, Volume III •

Market Indicators

As of 5:55 pm feb. 13, 2013 (Wednesday)

FOREX

PHISIX

US$1 = P40.67

6,527.99 points

X X Briefly 2 cents

68.06 points

Rebuilding CDO

The Land Bank of the Philippines (LBP) built partnership with Habitat for Humanity Philippines Foundation Inc. (HFHP) in a “Rebuild CDO” livelihood program dubbed “Landbank Gawad Kabuhayan.” The fund worth P8,150,000 will benefit 500 HFHP home partners in Phase III of Sitio Calaanan.

The program Landbank Gawad Kabuhayan is designed to aid the recovery of 3,355 families affected by tropical storm Sendong, last 2011. The aid will be through assistance and trainings which will equip them with knowledge and skills needed in accessing and developing livelihood opportunities.

“We likewise hope to promote the value of cooperativism among the families to help improve their economic condition and to foster a social cohesion that will help in the emotional healing of the community,” said Landbank President and Chief Executive Officer (CEO) Gilda E. Pico.

Liquid quick freezer

BUTUAN City -- The Department of Agriculture, in coordination with the National Agri-Business Corporation (Nabcor), turned-over a Liquid Quick Freeze Machine worth P4.6 million to the Tandag Boholano Fishermen’s Association (Tanbofisa) held recently at the Tanbofisa Ice Plant in Surigao del Sur. The freezer is a commitment of DA Secretary Proceso Alcala to the association when he visited Surigao del Sur on June 2011. The machine has a capacity to produce three tons of ice per day. The making of ice takes two hours and is done by batches with 16 blocks of ice weighing eight kilos each produced per batch.

The machine can also be used to freeze agricultural products like fish, poultry, and vegetables to prolong its shelf life.

Cagayan de Oro City

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February 15-16, 2013

Mindanao seen as next business frontier in PH

M

By ALLAN LEGASPI, Reporter

INDANAO could be the country’s next business frontier if only infrastructure, especially power, were available, the chief executive of the Aboitiz group said on Wednesday.

During t he Philippines’ Year-end Economic Briefing, Aboitiz Equity Ventures Inc (AEV) Chief Executive Officer Erramon Aboitiz said Mindanao is the new business frontier. It is rich in agricultural and natural resources [that] needs to be unlocked.

But “Mindanao is constrained by lack of reliable power, some infrastructure.

No new power plant was built over a decade,” the executive

said.

He said what had constrained companies from expanding in Mindanao was the presence of National Power Corp (Napocor). “I hate to admit it but we were afraid of competing with Napocor in Mindanao,” Aboitiz said.

State-owned Napocor operates the Agus-Pulangi hydropower complex, which provides at least half of Mindanao’s electricity supply. business/PAGE 10

Ineffective governance, patronage politics put poor Kagay-anons at risk

By BONG FABE Correspondent

INEFFECTIVE local urban governance combined with patronage politics are putting poor Kagay-anons’ lives at risk to impacts of climateinduced natural disasters, the Internal Displacement Monitoring Centre (IDMC) said in a report.

This despite the fact that the Philippines is “a global leader in enacting legislation related to disaster risk reduction,” iDMC said in its 42page report Disaster-Induced

Internal Displacement in the Philippines (The Case of Tropical Storm Sendong).

The report cited Republic Act 9729 (Climate Change Act of 2009) and Republic Act 10121 (National Disaster Risk Reduction and Management Act of 2010) which were hailed by Margareta Wahlström, special representative of the UN secretary-general on DRR, as the “best in the world,” indicative of a “shift from a react[ive] to a proactive stance in addressing governance/PAGE 10

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

Mrs. ‘Hanepbuhay’ Villar lands 9th in latest Pulse Asia survey FORMER Las Pinas Rep. Cynthia Villar belongs to the Top 12 senatoriables chosen by voters in the latest survey of pollster Pulse Asia.

K now n as “M isis Ha nep Bu hay,” Vi l la r was ranked 9th with 39.1 voting preference in the sur vey conducted last January 19 to 30.

Pulse Asia cited the close voting preference garnered by t he senatoriables occupying the fourth to twelfth places.

Villar, who has remained in the “Winning Circle” of candidates for senators in the 2013 midterm elections in various election surveys, says she feels elated and thank-

ful to the people for their support and trust in her and in what she has been doing.

She says the results of the survey is inspiring and pushes her to work harder.

She attributes her inclusion in the “Magic 12” to her initiatives, especially her liveli hood projects which provide jobs for the poor and the advocacies of the Villar Foundation.

BOC-10 to sell smuggled rice

By GERRY LEE GORIT, Reporter

THE Bureau of Customs in Region 10 (BOC-10) will sell through auction the smuggled rice it seized inside the Mindanao International Container Port Terminal (MICPT) in Tagoloan town in Misamis Oriental six months ago.

VIETNAM RICE. Deputy Commissioner for Intelligence Group retired Gen. Danilo Lim (left), newly-installed port district collector for Northern Mindanao Atty.

Lourdes V. Mangaoang (center), and Acting Port Collector Atty. Javier Alpaño check the quality of the smuggled rice from Vietnam confiscated at the Mindanao International Container Port Terminal in Tagoloan town in Misamis Oriental. photo by gerry lee gorit

Port District Collector Lourdes Mangaoang for Northern Mindanao said she will set the date for the auction of the abandoned imported rice to raise additional revenues for the government.

In July last year, Acting Port Collector for MICPT Atty. Javier Alpaño issued an “alert order” against the 10 container vans loaded with 5,000 bags of Vietnamese Long Grain White Rice worth P9 million.

The alert order was issued on the request of Intelligence Officer Mark Paras, also the officer in-charge of Customs Intelligence and Investigation Service (CIIS), for violation of the Tariff and Customs Code of the Philippines.

The hot items were considered abandoned after the owner, importer, consignee or interested party failed to claim the shipments within the permissible boc-10/PAGE 10

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Electrification program benefits 3,500 families in Camiguin

By JORIE C. VALCORZA, Contributor

MAMBAJAO, Camiguin -- A total of 80,492-kilometer additional power lines were installed here by the Camiguin Electric Cooperative (Camelco).

This expansion project, according to the co-op general manager Adrian A. Ebcas, is under the National Electrification Administration (NEA) Sitio Electrification Program (SEP), likewise dubbed as “Pasuga Project.”

It now covers 188 sitios

(zone or division within a barangay) and energized 3,525 needy families in the island.

Ebcas said that under the Pasuga project, 30 households will be subsidized by the government in every new line opened.

He noted that most of the areas served are level 4 to 6 sitios, which means, it’s very small and cannot even consume the 30 households’ assistance allocation for every sitio.

With this, the cooperative have drafted a board resolution, realigning the extra funds to the remaining un-energized household in the old/existing lines.

Camelco Members Services Division chief, Ray C.

Badilla, however, clears that those households covered

by SEP remains to be a priority.

With SEP, connection fee is free and also materials and fixtures for beneficia-

ries.

As project partners, the local government units have also waived its requirements in favor for the beneficiaries, in which, they pay only for as low as P25 to

P100, instead of the P2,000 regular charge for power connection application.

To date, 16,055 out of 17,683 potential households in the province were already energized.

TAGUM City -- The Department of Trade and Industry (DTI) in Davao del Norte has called on consumers to circulate coins in a bid to address the reported shortage of the said currency in the country.

In a statement, DTIDavao del Norte provincial director Engr. Edwin O. Banquerigo said the Bangko Sentral ng Pilipinas (BSP) has noted that there is shortage and misdistribution of coins in the Philippines, which could have resulted to the problem of short-changing.

He said instead of keeping and sometimes disregarding

the coins, every consumer must keep such in circulation.

“Consumers should bring and use their loose coins, instead of keeping or throwing them away,” he said.

Furthermore, the agency has also encouraged all establishments in the province to be resourceful in securing coins to refrain from shortchanging their customers that instead of giving them the exact amount of change, candies are being tendered.

Generally, this is not allowed following the rights of consumers to only pay the correct amount of the

purchased goods. However, giving candies as change could only be allowed if prudent efforts to secure change is made and is found untenable, and after being informed of the effort, the customer agrees to it.

“The sales staff should be respectful and approachable enough in asking the buyer if they can give candy instead of coins as change,” he said.

Meanwhile, DTI-Davao del Norte has also urged the public to contact them should they have concerns relative to consumer rights.

(PNA)

By CARMENCITA A. CARILLO Contributor

active primarily because it was waiting for the Tourism Code.

“We need the partnership of the government—we cannot be mobilized without the support of the government,” she said.

Davao del Norte Governor Rodolfo del Rosario called for the reactivation of the Council, saying that “tourism is a private-led enterprise and we should move to reinvigorate tourism to contribute to the President’s target of 35 million domestic tourist arrivals by 2015.”

“Our job is to keep tourism

rolling and keep pace with the national government’s tourism plan,” he said.

The existing of f icers of the Provincial Tourism Council, specifically the President (Ayuste) and Vice President (Dizon Namoag) were retained, pending the approval of the Provincial Tourism Code by the Sangguniang Panlalawigan.

One of the initial plans of the Council, which was supported by del Rosario, was the construction of a banana sculpture in the boundary of Panabo City and Davao del Norte.

DTI-Davao del Norte asks consumers to circulate coins

DavNor Prov’l Tourism Council reactivated, vows to bounce back

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TAGUM City --The Provincial Tourism Council of Davao del Norte vowed to bounce back and become more active in promoting tourism in the province now that it has been reactivated.

“People may perceive the Tourism Council as inactive but in reality we are working on the tourism guidelines for the Tourism Code of the province,” Provincial Tourism Council president Araceli Ayuste said.

Ayuste admitted that the Council has not been very

Apple loses rights to iPhone trademark in Brazil BRASILIA — Regulators in Brazil on Wednesday rejected Apple’s application to register its iPhone trademark in the country, having already rec-

ognized a local manufacturer’s claim to the name.

The Institute of Industrial Property (INPI) “denied Apple registration of the iPhone trade-

mark,” the institute’s press office told AFP. The decision was officially published by the INPI. Apple had applied for exclusive rights to the iPhone name in Brazil in 2007 when it launched the wildly popular smartphone in the huge Latin American market.

But Brazilian manufacturer Gradiente SA had applied to register the brand “Gradiente iphone” in 2000, and was granted rights to it in 2008.

Apple can still sell its smartphones in Brazil with the iPhone name, but Gradiente has the option of suing for exclusivity, the institute said.

Apple petitioned the institute to cancel Gradiente’s trademark, arguing that it had expired because the company had not used it in five years, the institute said.

But Gradiente surprised the market by launching a “Gradiente iphone” at the end of the year, bringing the dispute to a head.

At the end of 2012, a Mexican court ruled in favor of the Mexican telecommunications firm Ifone in a similar trademark dispute with Apple.

Philippine vehicle assembly contracts despite record car sales MOTOR vehicle production in the Philippines last year lagged behind most of its Asean neighbors amid lack of government support leading more Filipinos to buy imported cars.

Ford-Philippines reports best-ever Jan. performance CONTINUING the momentum of its record month and quarter ending in December, Ford Philippines last week reported a retail sales jump of 123% yearover-year to 820 units.

The record month was given a significant boost by the robust performance of the all-new Focus, with January sales of 95 units -the strongest single month in almost three years.

“The all-new Focus is the latest proof point of our commitment to offering

segment-leading vehicles,” said Randy Krieger, president, Ford Group Philippines.

Sales of the Fiesta, meanwhile, rose by 17% to 167 units. In January, Ford also celebrated the continued expansion of its nationwide dealer network with the inauguration of Makati Ford, the sixth new full sales and service outlet opened since the firm announced a plan to expand its nationwide network to 35 by the middle of the year.

Data from the Asean Automotive Federation (AAF) showed that the Philippines churned out 75,413 vehicles in 2012, or 16-percent more than the 64,906 units assembled in the country in 2011. Two-thirds or 49,073 were commercial vehicles, while 26,340 were passenger cars.

The AAF figures reflect the combined output of domestic auto assemblers, including the Philippine units of Japanese carmakers Toyota, Mitsubishi, Honda, Isuzu and Nissan, as well as of Ford Philippines before it stopped assembly operations last year.

Automotive production in Asean last year rose 41.5

percent to 4,237,980 units from 2,994,629 in 2011. The Philippines accounted for a measly 1.78 percent of Asean’s total output in 2012.

Local production paled in comparison with Thailand’s almost 2.5 million, Indonesia’s over a million, and Malaysia’s more than half a million.

Thailand is considered as the region’s automotive manufacturing hub. AAF data showed that over 1.4 million vehicles were sold in that country last year. Of the over 2.4 billion assembled there, about 1 million were exported mainly to its Asean neighbors, including the Philippines.

Dubbed as Asean’s De-

troit, Thailand marked its sales went down.

2 million-unit production Nacua, who is also Philipmilestone last year, and is pine Automotive Federation now the world’s 10th larg- Inc (PAFI) secretary general, est auto manufacturer with noted that Vietnam’s governassembly and parts plants ment has put in place initiain seven provinces. That tives that would bolster both country aims to produce domestic manufacturing and three million vehicles in sales.

“Vietnam strengthened 2017.

Indonesia, meanwhile, is its policy against importaa fast-rising car assembler tion of used vehicles. It has that aims to catch up with attractive incentives for local auto assembly. Also, the most Thailand.

While the Philippines favored nation (MFN) tariffs managed to slightly exceed of Vietnam are still high at Vietnam’s production last 80-100 percent,” Nacua said, year, the latter has much po- referring to the duties slapped tential and is well-positioned on products from outside for growth, AAF Council Asean and the countries that past secretary-general Frank have free trade agreements M. Nacua told InterAksyon. (FTAs) with the region.

Given the said conditions, com.

Vietnam beat the Philip- it is cheaper to produce vepines by hitting the 100,000- hicles in Vietnam and costlier unit production mark in 2011 to import, Nacua said. before declining by over a The situat ion in t he fourth last year as domestic Contracts/PAGE --

SEOUL -- Kia Motors Corporation bared its global sales figures for passenger cars, recreational vehicles (RVs) and commercial vehicles for January 2013, recording a total of 211,088 units sold. This figure represents a year-on-year increase of 13.9%.

In January, Kia posted a strong double digit year-onyear sales increase in China of 50.3% (57,575 units sold) along with positive gains in all of its

other major sales regions – 6.3% in Europe* (38,059 units sold), 6.0%% in Korea (36,250 units sold), 4.1% in General Markets* (39,229 units sold) and 1.7% in North America (39,975 units sold). It was the highest total global January sales ever for Kia. Kia’s bestselling model in overseas markets for the month of January was the B-segment Rio (known as ‘K2’ in China)

with 35,860 units sold. The C-segment Cerato (known as ‘Forte’ in some markets) was the second best seller with 33,940 units delivered, while the Sportage compact CUV, Optima D-segment sedan and Sorento mid-size CUV followed with 30,565, 19,962 and 14,881 units sold, respectively.

Tae-Hyun (Thomas) Oh, Executive Vice President & COO of Kia Motors Corpora-

Kia records 13.9% global sales growth

tion, said, “It’s always great to kick off a new year with double-digit year-on-year sales growth, and we are particularly pleased to see China perform so amazingly well.

We expect our momentum there to continue, and our third China plant, which we broke ground on last year, will be a catalyst for continued growth in this strategically significant market.”

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Friday - Saturday I Feb. 15-16, 2013

GMA allots P640M for more facilities BROADCASTER GMA Network, Inc. will spend more than P600 million this year on new facilities and satellite stations, the company said in a disclosure yesterday.

“The company will allot around P600 million for its expansion efforts, particularly for the acquisition of new equipment/facilities, opening of new originating stations, etc.,” the broadcasters’ disclosure said, without elaborating.

The figure forms part of the P1-billion capital expenditure (capex) this year, Butch S. Raquel, GMA consultant for corporate communications to the chief executive officer, said in an e-mail yesterday.

“Aside from the P640million capex budgeted for this year, there is a carry-

over of P338 million from last year. Hence, the total to be spent this year is P978 million,” Mr. Raquel said.

GMA’s programmed capex for 2012 was P972 million, according to previous disclosures.

Last year, the company builtthree satellite stations in Ilocos Sur, Naga City and in Cagayan De Oro City in a bid to increase its presence in these areas.

In the same disclosure yesterday, the company said it expected to earn P3 billion in net income for this year, almost double the P1.7 billion it estimates to have booked last year -- compared to initial estimates of P2.3 billion in November and P2.8 billion in March. “Profits dipped towards the end of the year,” the disclosure read.

Forex losses drag down Universal Robina’s 1Q earnings THE maker of C2 tea drink and Jack ‘N Jill snack food on Thursday reported its earnings slipped in the first quarter of its fiscal year 2013 after incurring foreign exchange losses.

In a regulatory filing, Universal Robina Corp (URC) said its net income slipped 2.8 percent to P2.30 billion in the October to December period from P2.36 billion in the same period in 2011.

Net income attributable to equity holders of the parent dipped 2.7 percent to P2.28 billion from P2.22 billion.

The Gokongwei-led food and beverage firm attributed the decline to the net foreign exchange loss of P307 million during the period compared to the gain of P206 million in the previous year “due to unrealized forex losses as a result of the continued losses/PAGE 8

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Aboitiz Power to spend P85B in next four years LISTED Aboitiz Power Corp. plans to spend around P85 billion in the next four years for its projects across the country, its top official said on Wednesday.

“We are going to invest around P85 billion for the building of new power plants across the Philippines in the next four years,” Aboitiz Power President and Chief Executive Officer Erramon I. Aboitiz said on the sidelines of the Philippine Economic Briefing at Philippine International Convention Center in Pasay City.

Mr. Abotiz said the investment will be used for its equity share in Redondo Peninsula Energy, Inc. (RP Energy); expansion of the 700-megawatt (MW) coalfired power plant in Pagbilao, Quezon; the 300-MW coal-fired power plant of its subsidiar y in Davao; and some new hydropower projects.

“The P85 billion is a combination of our investments in RP Energy, the Pagbilao expansion, t he Therma South, Inc. (TSI) coal plant in Mindanao, and some hydropower projects that we’re looking at. That all sums up to P85 billion,” he said.

Aboitiz Power holds a 25% stake in RP Energ y

which is the proponent of a 600-MW coal-fired power plant in Subic, Zambales.

The facility is expected to add capacity to the grid by 2016. Other stakeholders are Manila Electric Co. and Taiwan Cogeneration Corp.

The company, through its subsidiary Therma Luzon, Inc., also operates the coal facility in Pagbilao, Quezon under an independent power producer administrator contract it secured from the Power Sector Assets and Liabilities Management Corp.

Mr. Aboitiz said that the company will expand the facility’s capacity by constructing another 400MW unit.

“We hope to break ground this year, hopefully in the second half, and have that ready by 2016,” he said.

Meanwhile, TSI is building a 300-MW coal-fired power plant in Davao. The facility is expected to start commercial operations by 2015.

“We are investing in a 300-MW base load plant in Davao City to provide long-term solution to power shortage in Mindanao. This will also help drive economic growth in Mindanao,” Mr. Aboitiz said.

Mindanao has constantly reeled from power shortage, partly due to its over-reliance on hydro power plants t hat prov ide more t ha n half of the entire island’s supply. The National Grid Corporation of the Philippines yesterday estimated Mindanao’s shortage at 253 MW, with peak demand of 1,168 MW outstripping a 915-MW capacity.

Mr. Aboit iz sa id t he company is also looking at building three to four mini hydropower plants with aggregate capacity of around 100 MW. “In t he next t hree to four years, we’re looking at adding a little over 100 MW of mini hydro,” he said.

“We’re looking at here in Luzon, and also some more in Mindanao, but we don’t have a particular approved site at this point.”

Mr. Aboit iz sa id t he company will finance the P85 -bi l l ion i nve st ment through a combination of equity and loans.

“What we do in our projects is we get some project financing from banks -- normally, about 70% -- and then the balance is the equity that we put in as Aboitiz Power,” he explained.

“We’ll probably sign loan agreements for those this year, probably within the second and third quarters.”

Aboitiz Power, the power unit of the listed conglomerate Aboitiz Equity Ventures, Inc., engages in power generation and distribution.

Aboitiz Power grew its profit by 13.71% to P14.1 billion as of September last year from P12.4 billion in the same nine months in 2011.

SM Babies: Special Moments with Andi Eigenmann and Ellie SM handpicks young mom for formal launch of SM Babies ANDI Eigenmann has come a long way since debuting in the world of show business as a fresh-faced teenager in 2007. Now 22 years old and touted as the “Heiress of Drama,” Andi takes on the biggest role she’s ever had to play: that of a mother.

It’s for this very reason that SM Department Store, the country’s biggest retail chain, chose Andi and daughter Ellie to be brand ambassadors for SM Babies this season.

“We selected moms who are aspirational figures in their respective fields,” said Jo Dy Juanco, Vice

Contracts... from page 3

Philippines is different. For one, the Philippines has FTAs with Asean and Japan that slash tariffs on imported goods, including vehicles.

Hence importing vehicles from parent automakers’ plants in Indonesia, Japan or Thailand are preferred than assembling here, where labor and power costs are higher.

While the Philippines since 2002 has an existing incentives program for motor vehicle manufacturers under Executive Order No. 156, or the Motor Vehicle Development Program (MVDP), this initiative had been deemed a failure as it was unable to grow domestic production.

EO 156 was also seen as weak because it only provided

President for SM Babies and SM Kids’ Fashion.

“Andi is a young mom and we want to show that regardless of age or background, a mother’s love for her child is universal.”

For its formal launch, SM Babies held a photo exhibit called “Special Moments” which featured 14 of Metro Manila’s loveliest moms and their beautiful bundles of joy at the Manila Peninsula Conservatory. Andi graced the event, with the adorable baby Ellie in tow.

“SM has always been a trusted brand and I’m thankful that they chose me and Ellie to be part of this special event,” exclaimed Andi. “I’m not as experienced as the other moms but I’m fully committed to being the best mom that I can be to Ellie.”

for prohibition on secondhand vehicle imports, whereas various auto industry players have been batting for a total ban. As a result, used cars flood some of the country’s ports and have become cheaper alternatives to brand new units.

Before the administration of former President Gloria Arroyo drew to a close in 2010, she signed EO 877-A or the Comprehensive Motor Vehicle Development Program (CMVDP) aimed at giving auto manufacturing a shot in the arm.

Critics however blasted EO 877-A as having nothing new to offer, while a few alleged it was a “midnight EO.” The Department of Trade and Industry (DTI) under the Aquino administration eventually shelved the im-

plementation of EO 877-A; instead, the agency enjoined industry players last year to come up with a manufacturing roadmap.

According to Nacua, the DTI’s Board of Investments (BOI), which supervises the implementation of EO 156, has pledged to present its approved auto industry roadmap to stakeholders “soon.”

Nacua said the BOI is studying the additional incentives proposed by domestic vehicle assemblers.

But recent events may indicate that the BOI has been slow in doing so, as the Philippine unit of American car giant Ford finally pulled the plug on its assembly and export operations, displacing over 100 workers.

Ford was the lone participant in the government’s

When asked about her special moments with Ellie, Andi shared, “Defintely the ones where I get a full day to myself and get the chance to take her out. I’m able to focus on her and see her play, smile, and laugh. Those are the moments I treasure because nothing makes me happier than seeing her happy.”

Andi also shared how motherhood has changed her greatly. “I’ve definitely matured a lot since becoming a mom. I’m aware that I’m not just accountable for myself anymore.

I’m responsible for someone’s life and that someone depends on me completely.”

Positively glowing while talking about baby Ellie, it’s clear that motherhood certainly suits the young mom.

Automotive Export Program under EO 244, which already lapsed. A proposed EO containing a new auto export program, drafted by the BOI in 2010, went unapproved by the Aquino government.

Following reports of new facilities in Thailand, Ford eventually shut down its manufacturing operations in the Philippines, with executives citing the country’s “small automotive market” as a reason.

It should be noted, however, that Philippine auto sales are growing—even hitting a record-high in 2012.

After vehicle sales skidded in 2011 due to the supply shortage caused by the disasters that hit major auto and parts manufacturers Japan and Thailand, last year’s Philippine sales rebounded by

more than a tenth to 156,654 units, AAF data showed.

For the Philippines, the AAF data reflected sales of 16 car companies belonging to two industry groups: the Chamber of Automotive Manufacturers of the Philippines Inc (Campi) and the Truck Manufacturers Association (TMA).

Sales of the Association of Vehicle Importers and Distributors Inc (AVID) were excluded from AAF’s data.

AVID groups pure importers, including the distributor of South Korea’s Hyundai—the third-largest selling brand in the Philippines. AVID’s seven members (including one that is also part of Campi) sold 28,400 vehicles last year, up from 24,880 in 2011.

Other companies, particularly distributors of very

expensive luxury vehicles, do not disclose their sales figures.

Combining Campi-TMA and AVID sales will result in almost 185,000 units. Visà-vis domestic production of 75,413, it can be deduced that a little less than 110,000 vehicles sold in the country were imported.

“Local sales are growing but the share of CKDs is decreasing while CBUs are increasing,” Nacua said. CKDs refer to completely knocked down vehicles that require domestic assembly, while CBUs pertain to completely built up units.

To reverse this trend and boost domestic assembly, any new automotive program that the government would introduce should “stop the bleeding” among manufacturers, Nacua said.

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Ignorance is Not Bliss THINK a minute…

During World War II, an uneducated man who lived out in the hills brought this letter to the city to hand deliver it to the United States Army. Since he could not read or write, his wife had written it for him.

The letter said this: “Dear United States Army: My husband asked me to write a recommendation that he supports his family. He cannot read. Please take him.

He ain’t no good to me. He ain’t done nothing but make trouble and drink beer since I married him 8 years ago.

And I got to feed his 7 kids.

Maybe you can get him to carry a gun. He’s good at huttin’ squirrels and eatin’.

Take him. I need his food and bed for the kids. Don’t

-Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc. (Oro Chamber) -Misamis Oriental - Cagayan de Oro Association of Publishers (MOCAP), Inc.

to go out of the country. He or she must have a passport.

When they board international flights either to travel as tourists or to work abroad, they must know that, except for the Philippine Embassy, nobody or no agency can take hold of their passports. It is for them to keep.

But what will an OFW do if his or her employer take his or her passport and keep it away from him or her?

Big problem and this is actually a common practice in the United Arab Emirates (UAE).

A passport is an official document issued by the government, certifying the holder’s identity and citizenship, and entitling a person to travel. Without a passport, a traveler cannot move from one place to another even if his intention is to come home to his own country. Unless and until he or she takes hold of his or her passport, no travel transaction can be arranged; and neither can a person stay in the foreign country he or she is working if he or she lost this piece of document.

Most of the employers of Filipino workers in the UAE locked their passports in their safety boxes in the guise of keeping it with the company to safeguard the company’s equipment or office devices issued to them, like laptop, cellular phone, camera, among others.

But what is stated in the

CHENG ORDOÑEZ

law? Retaining passports is understood to be “forcible labor.”

No less than the legal department of the UAE government said that private businesses and government institutions that withhold their employees’ passports are breaking the law.

The practice of retaining passports in the UAE is illegal, according to court rulings, as well. A worker, whose employer withholds his passport and refuses to return it, can quit without a notice period and demand a compensation for dismissal.

Retaining workers’ passports amounts to forcible work in violation of the international Labor Organization’s Convention on the Abolition of Forced Labor and to which the United Arab Emirates is one of the signatories.

A passport is a personal document that proves the identity of the holder and the law stipulates that the bearer must keep his or her passport and present it to Ordonez/PAGE 8

than 100?” You see, if you don’t know there’s more, you won’t ever get it. There’s so much in life for us to enjoy, just waiting for us to get it.

If all you’re used to eating is bread and water, then you don’t know you could be eating steak and lobster!

There’s one person who can show you everything there is to be enjoyed in life. Naturally, that is the one who created life. Jesus Christ came to show us what it means to be fully human and fully alive, so we can live our lives to the fullest!

He also knows the dangers that can trick and trap us.

He’ll protect you from the pain you and your family will have if you don’t live your Maker’s way that He designed for your happiness. So

Think a minute

JHAN TIAFAU HURST

why not ask Jesus to forgive you for living your own way, and ask Him to take charge and start showing you how to live His satisfying way?

It’s the only way you won’t miss out on every exciting, good thing He has planned for your life.

Just think a minute…

Inquiries on Credit Card Debts able you to learn about your (as provided under Section missible means to collect from the cardholder the as a consumer and 9 of the law).

Speaking out rights help you know what to do There is presumption amount due under the credit

Marketing Consultants

Forcible labor in UAE FILIPINOS traveling abroad must have one piece of docu- OFW Odyssey ment before they are allowed

tell him I said this, just take him.” Well, I suppose it’s safe to say that husband’s ignorance was not bliss!

What he didn’t know did hurt him!

A story is told of a thief in ancient times who stole a very valuable coat. The coat was made of the finest materials, including buttons of pure silver and gold. When he returned to his friends after selling the coat in the market, they asked him how much money he’d got for the coat. He answered, “A hundred pieces of silver.”

His friends were shocked and upset. They said: “You only got a hundred pieces of silver for that rare, valuable coat!” The thief looked surprised and asked: “Why? Is there a number higher

IGNACIO BUNYE

DOES one of your New Year resolutions concern getting out of credit card debt and getting those insistent and constant calls from collection agencies out of your life?

T he B SP ’s Fi na ncia l Consumer Affairs Group (FC AG), i n it s We ek ly Wealth Watch e-leaflet, has answered common consumer inquiries on the legal liabilities of cardholders for nonpayment of credit card debts and regulations concerning collecting agencies.

The following issues, as explained by FCAG, will en-

when you find yourself in a credit card-related quagmire.

Can you go to jail or get sued for credit card debt?

A civil action for collection of sum of money may be filed by the credit card issuer for non-payment after the credit card debt becomes “due and demandable.” According to the FCAG, this is not punishable by imprisonment. However, there is a possibility of the “attachment of your properties” to satisfy the amount claimed by the credit card issuer.

It should be noted that a criminal case may be filed against the cardholder for committing prohibited acts under Republic Act No. 8484, otherwise known as the Access Devices Regulation Act of 1998. Such illegal acts include obtaining money or anything of value through the use of an access device, with intent to defraud or with intent to gain, and fleeing thereafter

and prima facie evidence to have utilized the credit card with intent to defraud under Section 14 of R.A. No. 8484 if a cardholder abandons or secretly leaves the place of employment, business or residence stated in the cardholder’s application or credit card, without informing the credit card company of the place where he or she could actually be found or contacted—if at the time of such abandonment or “surreptitious leaving,” the outstanding and unpaid balance is past due for at least ninety (90) days and is more than P10,000.

Can people from collecting agencies go to your house? What can you do when they do this?

There is no law or regulation banning collecting agents to go to the house of the cardholder, according to FCAG. Collection agents may resort to all reasonable and legally per-

How to fall in love FALLING in love is certainly not only a pastime, nor a sideline, nor a fling. It’s the main thing, the main course in life. It’s our lifeblood.

All of us need to fall in love, because without love, life would have no meaning, no purpose, no lasting and eternal effect. Without love, life would fail to fulfill the deepest yearning of our heart.

Without love everything falls flat.

Though in practice we always love one way or another-even if our loving is defective-we have to realize also that we need to fall in love properly, understanding such love as going beyond the dynamics of the emotions and passions that at best are just transitory.

For sure, love should not just be an outlet of some hormonal surges that can get stirred by what we see, smell, touch, taste or like.

Neither should it be just a function of some psychological and temperamental conditionings and other socio-cultural factors.

How then should we fall in love properly? By understanding love, first of all, as a gift from God that we need to receive and correspond.

Love comes from God. It can only be lived and developed in him, and never outside of him.

Let’s stop deluding ourselves by thinking that we can generate love by ourselves.

We can only love when we receive first the gift of love from others.

These ot hers can be, from a chronological point of view, first, our parents, then our siblings, relatives and friends, etc. Only then can we learn how to love others. But viewed from a bigger perspective of love in its ultimate dimensions,

we actually receive love first, in the absolute sense, from God. It is God who loves us first. That’s why in his first letter, St. John said: “In this is charity-not as though we had loved God, but because he has first loved us, and sent his Son to be a propitiation for our sins.” (4,10) We have to understand that we need to tackle love first of all in its theological sense before it is considered from other valid but incomplete and imperfect viewpoints. That would be putting love in its proper framework and context.

That’s usually our problem. Many of us are still allergic to seeing things in life in a theological way, allowing faith to shed light on what our senses can discern and on what our intelligence can understand.

To fall in love properly

card agreement, provided that in the exercise of their rights and performance of duties, they must observe good faith and reasonable conduct and refrain from engaging in unscrupulous and untoward acts. Subsection X320.14 of the BSP’s Manual of Regulations for Banks (MORB) lists possible unfair collection practices by these agencies.

Section 4 of BSP Circular No. 702, Series of 2010 also requires that banks/quasibanks and their subsidiary/ affiliate credit card companies inform their cardholders in writing of the endorsement of the collection of their account to a collection agency/agent, or the endorsement of their account from one collection agency/agent to another, at least seven (7) days prior to the actual endorsement. The notification shall include the full name of the collection agency and its contact details.

Hintsandtraces

FR. ROY CIMAGALA

therefore entails going to God first. That is why we need to learn to pray, to enter into a very personal and intimate relationship with him, and this usually takes place first of all in our mind and heart, in our thoughts and desires.

We need to see to it that these basic human operations are anchored on God and are inspired by his love for us, that is, his care for us, the cimagala/PAGE 8

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Ordoñez... from page 6

authorities concerned upon their request.

However, the practice of making applicants surrender their passports as prerequisite for recruitment or forcing a hired workers to hand over their passports in place of issued office devices or company equipment continues unabated.

This, despite the fact that UAE courts have always ruled that passports must be returned to workers.

Filipinos who plan on working in UAE has this eventua lity to prepare.

Unless an OFW is tough

enough to withstand going through court proceedings, it is a fact that it is not easy to go against an employer’s will who wants to take hold of his employee’s passport.

Even in the workplace I had worked in Dubai, the Syrian employer of Filipino nurses in his nursing service business, in cahoots with a Filipina assistant, practically rob their employers with their rights to have their passports with them. And yet, this company doesn’t issue any equipment to compel it to take hold of the Filipino nurses’ passports.

For many instances, outgoing workers of this Syrian and his Filipina as-

sistant had to beg for their passports. On one occasion, an outgoing Filipina nurse went to the point of tagging along two policemen to help her get her passport.

But the Syrian stood his ground and speaking in Arabic to the policemen, refused to release her passport.

The Filipina and the two policemen left the Syrian’s office without the passport.

So, what labor law is it that UAE talk profoundly about? When even a Syrian employer and a Filipina assistant can refuse policemen from taking an OFW’s passport?

Call it forcible labor

but this kind of practice is skyrocketing as the edifices in the UAE. Whether it involves specialized skill or simple talent to do the job that a worker has applied for, his or her passport must be available instantly at an instance that authorities ask him or her to produce it.

The solution to this malpractice, therefore, rests behind the UAE authorities -- to regularly conduct unannounced inspections at workplaces and ask workers if they have their passports with them.

So, before signing any contract, an applicant must ask his or her employer if it is within their company

policy to retain passports.

If the answer is yes, an applicant can try to negotiate or try to look for another job. Most of the employers will tell their employees that they will return their passports after visa processing. Doubt it. The best thing to do is put them in writing and let them sign for future reference.

Our embassy and consulate cannot do anything about this situation. (For comments, email cheng. ordonez@gmail.com) *** (The writer was a former overseas Filipino worker himself. He was the founding Editor-in-Chief of Ka-

bayan Weekly, a newspaper being published in Dubai, United Arab Emirates, and circulated in nearly all the seven Emirates. His encounters with the Filipinos in the UAE and Persian Gulf gave him startling observations of the situations Filipinos are experiencing in those parts of the world – including Filipinos victimizing their own kababayans or in cahoots with foreign employers. His column, OFW Odyssey, is a revelation of the many struggles of OFWs that even the Philippine Embassy and the Consulate, in their comforts, may hardly have real glimpse.

Let the journey begin).

Cimagala...

spiritual combat and what is known as ascetical struggle, aside from the fact that it is meant mainly to arouse in us the spirit of penance.

This spirit of penance is also as aspect of true love.

Where there is love, the desire to make up for our past mistakes, falls, offenses, etc., also would come naturally to us. And yet this desire for penance is done in joy and peace, knowing that it is precisely out of love that we do it.

Proper loving, while it is also abiding, is never showy.

Neither does it engender in us the mentality or feelings of a victim. Loving is the assertion of freedom. We do things because we want to. *** Email: roycimaga la@ gmail.com

(BCF) segment, which accounted for 75.9 percent of total sales.

Sales of the BCF group, excluding the packaging division, went up 10.9 percent to P15.25 billion from P13.75 billion after the domestic business grew at a faster rate of 18.5 percent to P9.93 billion from P8.38 billion last year, on the back of the strong performance of its coffee business and readyto-drink tea business.

“Sales for snack foods division slightly declined due to some temporary supply chain issues and competitive pressures as consumers go for lower priced and lower value-added products,” said URC. Strong sales in Vietnam and Indonesia pushed the BCF group’s international sales by 4.9 percent to $129 million. In Philippine peso terms, BCF international sales dropped to P5.32 billion from P5.361 billion.

Revenues from the commodity foods segment rose by nearly a third to P2.45 billion from P1.89 billion last year because of the 86.1 percent surge in the sugar business

because of higher volumes.

The flour business declined 7.8 percent because of a drop in volumes as imports of low cost flour increased and calamities affected Visayas and Mindanao regions.

Net sales of the agroindustrial group climbed by a tenth to P2.099 billion as the farm business overshadowed the weakness in the feeds division.

Lower prices and volumes dragged the sales of the packaging division by 28.8 percent to P304 million from P427 million.

Cost of sales increased 8.5 percent to P14.537 billion from P13.393 billion. Cost of sales consists primarily of raw and packaging materials costs, manufacturing costs and direct labor costs.

URC booked an operating income of P2.34 billion, 19.5 percent higher from the P1.958 billion a year ago.

In January, Lance Gokongwei, URC president and chief operating officer, said the company’s operating income will grow in the mid-teens, while sales will expand in the low-teens in the 2013 fiscal year.

from page 6

us, the truth that he teaches us, his way of doing things that gives us an idea of how our virtues ought to be developed.

Definitely, we need to do some disciplining and controlling of our thoughts, imagination, feelings, etc. We just should not allow them to go on their own without the guidance of faith and the drive of charity that comes from God. Indeed, a lot of training is needed here, if not, continuing struggle and combat, since we cannot deny the fact that we are beset with weakness and a certain attraction to evil, if not outright malice.

Besides, temptations are all around us. Loving therefore involves suffering, a certain measure of pain, anguish, tension. These should not dampen our spirits. We should rather consider them as elements that add fun and excitement and suspense in our life.

The liturgical season of Lent is a good occasion to go deeper in the skills of

Losses... from page 4

appreciation of the local currency.”

Consolidated sale of goods and services jumped 11.8 percent to P20.098 billion from P17.98 billion a year ago on the strength of the branded consumer foods

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 20 Cagayan de Oro City

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 25 Cagayan de Oro City

OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL FORECLOSURE EJF File No. 2013-026

OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE EJF File No. 2013-009

Upon extrajudicial petition for sale under Act No. 3135 as amended by Act No. 4118, filed by HOME DEVELOPMENT MUTUAL FUND or Pag-IBIG FUND- Cagayan de Oro Branch Office, a government financial institution with principal office address located at the Atrium Building, Makati Avenue, Makati, Metro Manila, against CESAR P. ARES, of legal age, married to ELSIE S. ARES, Filipino, with postal address at 144 R. Magsaysay St., Cagayan de Oro City, to satisfy the mortgage indebtedness which as of October 10, 2012, amount to ONE HUNDRED TWENTY EIGHT THOUSAND SIX HUNDRED FORTY FIVE & 83/100 PESOS (Php128,645.83), Philippine currency, inclusive of interest & penalty charges, attorney’s fees and expenses of foreclosure, the undersigned or dully authorized deputy will sell at public auction on February 28, 2013, at 10:00 a.m. or soon thereafter at the main entrance of the RTCBR. 20, Hall of Justice lobby, Hayes St., Cagayan de Oro City to the highest bidder, for Manager’s Check or CASH in Philippine Currency, the following property/ies described below with all the improvements included thereon, to wit: TRANSFER CERT. OF TITLE NO. T-16519 “A PARCEL OF LAND, INCLUDING IMPROVEMENTS FOUND therein: (Lot 5559-E-5, Psd-104321-020323, being a portion of Lot 5559-E, Psd-10008614) situated in the Bo. Of Igpit, Mun. of Opol, Prov. of Mis. Oriental, Island of Mindanao. Bounded on the SE., along line 4-1 by Lot 5559-E-7, ( road Lot 6.00 M. wide)., on the SW., along line 1-2 by Lot 5559-E-6, both of the Subd. plan Psd-104321-020323 on the NW., along line 2-3 by Lot 3558, Cad-237, Cad., on the NE., along line 3-4 by Lot 5559-F, Psd-10008614.xxx Containing an area of TWO HUNDRED EIGHTY SIX (286) sq.m. Registered in the name of CESAR P. ARES married to ELSIE S. ARES.”

Upon extra-judicial petition for sale under ACT 3135 as amended, filed

by HOME DEVELOPMENT MUTUAL FUND or PAG-IBIG, Mortgagee, with office address at J.R. Borja Street, Cagayan de Oro City, against MARIE CHOU L. LACANDULA, Mortgagor, married to CEASAR G. LACANDULA with postal address at Block 9, Lot 8, NHA Barra, P1, Opol, Misamis Oriental, to satisfy the mortgaged indebtedness which as of October 10, 2012 amounts to ONE HUNDRED EIGHTY TWO THOUSAND NINE HUNDRED FORTY NINE PESOS & 17/100 (P 182,949.17) inclusive of interest and penalty charges, attorney’s fees equivalent to ten (10%) of the total indebtedness plus the foreclosure expenses, the undersigned or his duly authorized deputy will sell at public auction on March14, 2013, at 10:00 a.m. or soon thereafter at the main entrance of the Hall of Justice, Regional Trial Court, Branch 25, Arch, Hayes Street, Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency the following property described below, to wit:

All sealed bids must be submitted to the undersigned on the above-stated time and date.

In the event Auction Sale cannot take place 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 title herein abovedescribed and encumbrances thereon, if any there be.

Cagayan de Oro City, Philippines, January 22, 2012.

(Sgd.) CELESTIAL VENUS G. GELBOLINGO

Sheriff IV BWM: Feb 1, 8 & 15, 2013

TRANSFER CERTIFICATE OF TITLE NO. T-29832 “A PARCEL OF LAND (Lot 8, Block 9, Pad-10-020903, being a portion of Lot 5237, Cad-237, Cagayan Cadastre) situated in the Barrio of Barra, Municipality of Opol, Province of Misamis Oriental, Island of Mindanao, Bounded on the NE., along line 4-1 by Lot 10., on the SE., along line 1-2

by Lot 7., on the SW., along line 2-3 by Lot 6., all of block 9., on the NW., along line 3-4 by Road Lot 9 (6.50 m. wide)., all of the subdivision plan Psd-10-020903., containing an area of ONE HUNDRED (100) square meters, more or less and all other improvements existing thereon, registered in the name of MARIE CHOU L. LACANDULA, married to CEASAR G. LACANDULA.”

All sealed bids must be submitted to the undersigned on the above stated time and date.

In the event the public auction should not take place on the above date stated, it shall be on the next working day without further notice.

Prospective buyers/bidders may investigate for themselves the title of the herein described property and encumbrances thereon, if any there be.

Cagayan de Oro City, January 25, 2013.

FOR THE EX-OFFICIO PROVINCIAL SHERIFF:

(SGD) LOVE M. VERDADERO

Sheriff IV BWM: Feb 1, 8 & 15, 2013

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BOC-10...

from page 1 period, said the BOC-10 in a statement.

Intelligence Group Deputy Commissioner Danilo Lim of the Bureau Customs said the ten 20-footer container vans were consigned to National Food Authority-Food and Agriculture Organization (NFA-FAO) Bubog Farmers Cooperative.

Lim said the cargoes were imported under the Private Sector Financed (PSF) importation through the NFA Tax Expenditure Subsidy (TES) without the accompanying import documents and permit or allocation from NFA. After submission by the importer and broker’s representative of the import documents, Lim instructed the BOC-10 officials to verify with NFA central office the authenticity and genuineness of the documents pertaining to subject importation.

“We informed the Bureau of Customs that the documents subject of your query could not be found in our records, hence cannot be validated and authenticated,” said the NFA Grains and Marketing Operations Department in reply to the letter of the BOC-10.

“The illegal importation of rice has two tremendous impact on our economy. This is why we are vigilant in monitoring the importation of rice since the entry of such shipments could mean tragic loss of income to our local farmers––given the low acquisition and sale of imported rice, and additional loss to our government coffer––as importation under the Private Sector Financed is tariff-free, mean-

ing no payment of customs duties and taxes, but being paid for by the NFA since it is a subsidized importation,” Lim said.

Lim said his office will coordinate with the BOC’s Run-After-the- Smugglers (RATS) for the subsequent filing of appropriate charges in court against the consignees of the imported rice.

Mangaoang has earlier vowed to intensify the agency’s anti-smuggling drive after her superior ordered her to check the alleged “oil smuggling” in the ports of Northern Mindanao.

Business...

from page 1 Since it’s fueled by water, the power plant offers very low rates, thus discouraging private investors from putting up facilities that would compete with Napocor.

Despite opposition by local politicians, the national government however is angling to privatize the Agus-Pulangi, with a plan to break up the facility, thus dismantling its near-monopoly position.

Also, some private investors -- including Aboitiz Power Corp and Alsons Consolidated Resources Inc -- have begun putting up new plants that run either on water or coal, to address rising demand spurred by mining and other businesses.

“Because of lower interest rates, we are in the position to invest long-term. Our company is investing P35 billion in the next three years to address acute power situation in Mindanao,” Aboitiz said.

“There is an influx of new investors, players that had not been in the sector before,” he

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said.

Outside of Mindanao, the power supply outlook is brighter, according to Aboitiz.

“Except for Mindanao, we are in good shape. [The] concern of the private sector is excess power,” he said.

Governance...

from page 1 disasters.”

Yet, “Filipinos [still] face high level of disaster risk” because “poor urban governance and lack of accountability” often result in “ineffective or unenforced” codes and laws “which further expose vulnerable settlements to floods, landslides and other hazards.”

This situation further exacerbates the Philippines’ already precarious geographic location — astride both the typhoon belt and the Pacific Ring of Fire — which exposes the country to “multiple recurring hazards such as cyclones, f loods, earthquakes and landslides.”

Adding insult to injury, the Philippines’ ecosystem is highly degraded. Plus the fact of climate change really put poor Filipinos—the most vulnerable sector—at risk, like what happened in this city on December 16, 2011 when Tropical Storm Sendong poured a month’s worth of rain into the city in just 24 hours.

The report, principally written by Justin Ginnetti, iDMC advisor on natural disasters, also noted that Philippine laws, like Republic Act 7160 (Local Government Code of 1991) and RA 10121, mandated local government units (LGUs) to integrate DRRM into their development and sectoral plans as well as decentralized authority,

responsibility and resources to LGUs. “As a result of the Philippines’ constitution and political system, local government officials have autonomy on issues such as enforcing local building codes and land use plans, both of which can ensure that people live in safety, away from the most hazard-prone areas,” Ginnetti said.

T he Disaster-Induced Interna l Displacement in the Philippines (The Case of Tropical Storm Washi/Sendong) revealed that majority of Sendong’s victims had been living in urban slums, on sand bars, along riverbanks or on unstable hillsides—all highrisk environments that the government had previously designated as ‘no-build zones.’

“Yet the combination of high poverty and a pervasive system of patronage politics, results in a situation where a large percentage of the population is forced to live in exactly these places,” he stressed.

In The Making of a Filipino: A Story of Philippine Colonial Politics (1969), Renato Constantino said that patronage is “the sine qua non of political success” in the Philippines.

“The patronage system forms the socio-cultural foundation of the current disaster management system in the Philippines, thus prohibiting a risk management ethos. As a result of patronage, decisions are based on electoral considerations rather than on evidence or technical assessments. This results in ‘underinvestment in vital nationallevel infrastructure projects (e.g., national transportation net works and port facilities), and the concurrent resourc-

ing of micro-level projects with the most visible political impact (e.g., basketball courts whose backboards proclaim the sponsorship of a congressman or local politician).’ This state of affairs is reinforced by the fact that local government officials or their proxies are themselves often from large and influential landowner families,” iDMC said in its report.

“Patronage politics is apparent in Cagayan de Oro. Mayor Emano has created a local political dynasty: his son, Yevgeny, is a member of the Philippines’ House of Representatives; his daughter and son-in-law are both members of the Cagayan de Oro city council; his brother is mayor of a neighbouring town, Tagoloan and other Emano relatives and proxies own local media companies.

In early October 2012, an estimated 20,000 people marched in support of Mayor Emano’s re-election. They were allegedly coerced into doing so: a village chief has testified that barangay council members and all employees were urged to attend and warned that their absence would be noted,” it added.

In its report, iDMC also reiterated what had been reported in local and national media about this city’s mayor’s accountability for what happened before, during and after Sendong.

“The Philippines Commission on Audit found Cagayan de Oro’s mayor, Vicente Emano, to be in violation of PDRRM-2010 for the way he established the Cagayan de Oro Disaster Risk Reduction and Management Council and appointed people to it.

To date, no action has been taken by the central government to address this. In the late 1990’s when Mayor Emano initiated a pro-poor housing scheme people were offered the right to settle in marginal areas that had been identified as unsafe for one peso.”

More than 1,000 families took up the offer, many residing along the banks of the Cagayan River and on sand bars and in other areas most affected by the storm.”

After the disaster Mayor Emano did not implement President Aquino’s order to prevent people from returning to dangerous areas like Isla de Oro. He instead reportedly suggested ‘that residents will be allowed to return on condition that there would be a more efficient evacuation system wherein if a typhoon strikes in the future, they would leave the area immediately’,” it said.

These are the people who fell victims to Sendong.

According to iDMC survey, 77 percent of those affected

by Sendong were living below the poverty line prior to their displacement; and 64% are even worse off now. A follow-up survey, done just days before Typhoon Pablo hit Mindanao in December 2012, revealed that approximately half of those who lost their homes due to Sendong were displaced two or more times.

“In a country where the local officials are often castrated by corruption, people cannot depend on the government. Instead they turn to the church, to civil society groups or to each other for assistance. It is the people and these types of institutions that form the strong backbone of Filipino society,” Ginnetti said.

BusinessWeek M I N DA N A O

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11 Last year, we honored Mindanao’s homegrown businesses...

This year, let the Investors from outside the island who helped propel Mindanao’s economy for decades be recognized...thus, YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Friday-Saturday Feb. 15-9, 2013

present

RATIONALE OF THE PROJECT - This is the 2nd Mindanao Business Leaders Awards, in a different category from the first one. The 1st Mindanao Business Leaders Awards was undertaken last year to give due recognition to the achievements of various Mindanao business leaders and entrepreneurs in various categories of homegrown corporate and individual business leadership achievements.

- This year’s search is aimed at giving honor and recognition of excellent business leaders in the investors’s category.

- BusinessWeek Mindanao as a forerunner of information on economic leadership and entrepreneurial achievements of non-Mindanaoan corporations and businessmen, deems it a part of its social responsibility to trumpet the achievements of these pillars of Mindanao’s economy, for others to emulate and thus propel an awareness for the business potential that Mindanao offers in every economic and business investment plan, whether small or great.

-We are helping Mindanao achieve sustainable development of its economy through these humble efforts.

MISSION & VISION OF THE AWARDS - The holding of BWM Awards annually serves as catalyst to the ongoing efforts of business leaders and entrepreneurs who seek greater heights and strive for success in the noble mission of propelling Mindanao and its people towards full economic growth and sustainable development.

For INQUIRIES CONTACT:

(088)856-3344, (08822)74-53-80 | 09274795196 (Allan Mediante) businessweekmindanao@gmail.com

Mechanics of the Search: Duration of the Search Awards Night

: :

January 15, 2013 to May 15, 2013 June 1, 2013

Entry Requirements: 1. Individual and Company/Establishment nominations shall be accompanied with Nomination Forms available on-line at the Sponsors Website, offices of sponsors, or in the printed page of Businessweek Mindanao and Mindanao Daily issues or may be mailed, if requested, by the Awards Secretariat 2. Nominees or candidates in various categories shall be nominated by BusinessWeek Mindanao and Mindanao Daily Bureaus; individuals, organization or groups not employed by or connected to any of the nominated person or firm .

3. Nominations shall be accompanied by the ff documents which can be mailed, or emailed to the awards secretariat - MINDANAO BUSINESS LEADERS AWARDS 2013 Secretariat, Tanleh Bldg., Abellanosa St., Cagayan de Oro City,not later than May 15, 2013.

4. Brief Resume and History of the Nominee (Individual or Firm) - Photos (at least 3) ; Nomination Form ; Documentary evidence such as certificates, awards or citations

MEDIA PARTNERS :

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By Franklin Mercado

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Higher property sales, better margins buoy up Ayala Land profit in 2012 AYALA Land Inc on Wednesday said its net income jumped by more than a fourth in 2012 on the back of higher property sales and an improvement in margins.

In a statement, the country’s biggest property developer said its net income increased by 27 percent to P7.14 billion last year. Revenues increased 23 percent to P54.54 billion, with property sales accounting for the bulk at P49.9 billion, a 21 percent increment year-on-year.

Besides higher sales, Ayala Land noted margin improvements on the back of “strict control of project costs and direct operating expenses.” citing the increase in its net income margin before noncontrolling interest improved to 19 percent last year from 18 percent in 2011.

“This is the third consecutive year that we achieved record growth and this is attributed to the exceptional performance of our key businesses since we launched our 5-10-15 strategic plan,” said Ayala Land president Antonino T. Aquino.

“We took a bold step in launching that aggressive plan in 2009 despite a highly challenging and uncertain environment, but it has paid off and we are now close to achieving our goal. We are certainly well positioned and organizationally capable of doing so, focused on our platform of building large-scale,

integrated, master-planned, mixed-use developments,” he said.

The company said last year’s sales take-up value hit P77.61 billion, for a monthly average of P6.47 billion, which is 50 percent higher than the P4.31 billion in 2011.

The real estate firm’s five residential brands -- Ayala Land Premier, Alveo, Avida, Amaia and Bella Vita -launched 23,487 units last year. For this year, the company aims to launch 31,000 units across its residential brands.

“We spent a record high of over P71 billion for project and capital expenditures in 2012, a 138 percent jump year-on-year, as we aggressively pursued growth across our portfolio of products.

The bulk of this went to land acquisitions, including that of the [Food Terminal Inc] property in Taguig,” said Ayala Land chief financial officer Jaime E. Ysmael.

“For 2013, we have earmarked another P65.5 billion primarily for the completion of ongoing developments and launch of 69 new projects with a combined value of P129 billion, which will help sustain the Company’s growth trajectory over the coming years,” he said.