BusinessWeek Mindanao (January 11-12, 2013 Issue)

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Issue No. 149, Volume III •

Market Indicators

As of 5:46 pm jan. 9, 2013 (Wednesday)

FOREX

PHISIX

US$1 = P40.78

6,091.18 points

X X Briefly 7 cents

42.28 points

Bayanihan

TODAY may be the age of high tech devices, but the spirit of traditional bayanihan (unity) is still very much alive among the residents of Misamis.

One proof of that is the coming together of the banking sector, cooperatives, local government unit, and partner institutions to provide an environment conducive for entrepreneurship and promote economic growth in the province of Misamis Oriental.

These sectors recently formalized their cooperation and partnership by creating the Northern Mindanao Credit Surety Fund (CSF), a program that aims to respond to the needs of small entrepreneurs to have access to credit without collateral.

Skills demand

THE Regional Development Council in Region 10 (RDC-10) has moved for the approval of the Northern Mindanao Sectoral Skills Demand (NMSSD) Plan for 2012-2016, during its 95th full council meeting.

The consolidated sectoral skills demand for the region forms part of the annual updating of the National/Regional Technical Education Skills and Development Plans (N/ RTESDP) during the 4-year period, Engr. Leon M. Dacanay, Jr., Regional Director of the National Economic and Development Authority (NEDA), said.

Dacanay said the N/ RTESDP needs updating at the regional and provincial levels, to identify and validate the industry skills requirements and forecasts of the business sector including the labor and employment scenario of the region.

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January 11-12, 2013

Puregold to open CdO, Davao stores this year

S

By IRENE DOMINGO, Reporter

IGNIFYING its confidence in Mindanao’s vibrant economy, the Puregold Price Club, Inc. is set to open its Cagayan de Oro and Davao branches by the middle of this year.

S&R Cagayan de Oro branch will rise at the former Ororama Mega Center in Lapasan with the clearing operations of the site is now ongoing. In November last year, Ayala Land opened its mixed-use Centrio Mall just across Gaisano Mall, while SM Prime Holdings will put up second mall in the city along Claro M. Recto Avenue.

“This year we will continue our expansion, and we will be expanding geographically. For 2013, definitely we will be in Mindanao already.

S&R Davao in Matina is opening this year, by around April or May,” Leonardo B. Dayao, Puregold president told reporters last week.

“This is the first S&R in Davao, and the first Puregold presence in Mindanao,” Jimmy F.P. Perez, Puregold investor relations officer, also said.

S&R Membership Shopping, established in the Philippines in 2000, is a US-based supermarket brand that offers exclusive membership for licensed businesses and indipuregold/PAGE 7

Over 1,000 families displaced by floods in Southwest M’nao

By ALLEN V. ESTABILLO MindaNews

GENERAL Santos City— At least 1,102 families from this city and nearby provinces of Sarangani and South Cotabato have been affected by severe floods caused by the continuing rains in the area in the last three days.

Jerome Barranco, Office of Civil Defense (OCD)-

Region assistant director, said Tuesday three major flooding incidents have been so far reported in the region as a result of the almost nonstop rains spawned by the entry of another Low Pressure Area (LPA) and the continuing Inter-tropical Convergence Zone (ITCZ) affecting Mindanao. floodsPAGE 7

FETCHING WATER. A survivor of Typhoon Pablo in Barangay Ban-ao, Baganga, Davao Oriental carries two empty 6-liter bottles of water from his destroyed house behind the hill and braves the scorching noonday sun just to fetch potable drinking water from a still functioning deepwater pump in the barangay Poblacion. photo by bong fabe

Typhoon survivors are stakeholders, not just mere recipients of aid

By BONG FABE, Correspondent

BAN-AO, Baganga, Davao Orienta l—Sur v ivors of natural calamities such as typhoons are not just mere recipients of aid but key stakeholders in the difficult task of community rebuilding, thus they should have a hand in all activities conducted for their benefit

so they will stand again as a self-sustaining community.

With this “world-view”, the Balay Mindanaw Group of NGOs (BMG) adopted this village to focus its limited resources and efforts so that everyone of the 520 households here will be impacted and thus the whole community will regain its footing for a sustainable future.

“Instead of treating the survivors as mere recipients of aid, they are considered as the key stakeholders in the difficult task of community re-building. Our intervention will try to cover the whole range of community needs: from organizing to provision of basic needs of food, water, typhoonPAGE 7

Primavera Residences developer Italpinas represents PH in Asian Competition final ITALPINAS is the lone Philippine entry left in the finals of the CTI PFAN Asia Forum for Clean Energy Financing (AFCEF-3) Business Plan Competition scheduled on February 22, 2013 in Singapore.

“We are happy to inform you that we have qualified for the final investors’ presentation,” said Architect Romolo V. Nati, CEO of Italpinas Euroasian Design and Eco-Development Corporation (Italpinas), primavera/PAGE 7

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Economy

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Oro Council allocates P3.2M for summer jobs

THE City Council has allocated P3.2 million budget for the city government’s Special Program for Employment of Students (SPES) in the summer of 2013.

City Vice Mayor Ian Acenas said the budget increased

by P500,000 compared to last year’s allocation of P2.7 million.

Councilor Simeon Li-

cayan, chair of the city’s committee on finance, ways and means, that the city government expects some 1,400 poor students would avail of the city’s summer job program this year.

Last year, some 1,000 poor students and out-of-school youths availed of the yearly summer job program of the city government, Acenas

said.

He said students and out-of-school-youths who are employed under SPES received a P200.00 daily wage, excluding Saturdays and Sundays, aside from the P1,500 monthly allowance separately added by the Department of Labor and Employment (Dole), Acenas added. (PNA)

MOVING FORWARD. Members of the Philippine delegation led by Trade Undersecretary Merly Cruz (3rd from right) review the progress of sub-regional projects at the 21st Senior Officials Meeting of the Brunei Darussalam-Indonesia-Malaysia-the Philippines-East ASEAN Growth Area (BIMP-EAGA) which opened in Kota Kinabalu, Sabah yesterday. Also in the photo are Mindanao Development Authority Exec. Dir. Janet Lopoz and Department of Tourism XI Dir. Art Boncato.

Tagum exploring ties with Malaysia

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TAGUM City -- The City of Tagum in Davao del Norte in its bid to support its Muslim sector has started exploring bilateral ties with the Embassy of Malaysia.

The city information office here said this endeavor is in coordination with the Tagum Tourism Council and the Tagum City Muslim Chamber of Commerce, the different barangay captains and the department heads of the local government.

The meeting in December was joined by Consul General Abdullah Zawawi Tahir of the Davao Consulate

and Tourism Council Chair Alma Uy. During the meeting Uy presented their programs that would also benefit the Muslim community covering business expansion development through trainings and seminars, the livelihood economic projects, proposed creation of halal slaughter house, the halal food center, butcher trade center, Arabic Schools for high school and college.

It also includes trade mission and cultural exchange with Muslim countries in Asia like Malaysia, Indone-

sia, Brunei Darussalam and Middle East Arab countries.

Uy said they want to enhance among others the awareness of Tagum Muslim community by helping them improve their way of living.

Tahir said the Embassy of Malaysia, for its part, offered its scholarship program intended for Muslim and non-Muslim Filipinos to study at the Islamic International University.

The Malaysian official said Malaysia and the Philippines bank on its close ties being neighboring countries.

Ties/PAGE 7

Del Monte urged to construct overpass to ease traffic THE city council has passed a resolution formally requesting the management of the Del Monte Philippines, Inc. to construct an overpass in Barangay Bugo here.

Bugo is the last barangay located in the city’s east coast where the Del Monte’s cannery and pineapple factory is located. The company’s plantation site is located in Bukidnon.

The request was made in response to several complaints from company workers, students, and residents of perennial traffic congestion in the area.

City Councilor Ramon Tabor said that residents of neighboring barangays and municipal towns also complained of heavy traffic in the area the moment they enter the east coast proper of Cagayan De Oro City.

The construction of the overpass could ease traffic and assure the safety of pedestrians who regularly commute to work, schools, and travel to and fro the city’s east coast district.

He said the resolution was a request as a way of reminding the company’s avowed policy on social responsibility. (PNA)

Ford posts record sale on demand for new models SALES of Ford vehicles in the country grew the fastest in December last year on the back of strong demand for new variants, the US carmaker’s Philippine unit said on Wednesday.

Ford Philippines said December sales were its “best-ever monthly performance” with 1,298 units sold that month, 33.4-percent higher than the previous year’s 973 units and a little more than last November’s 1,225.

The fourth quarter 2012 was also Ford Philippines’ top-selling quarter with three-month sales of 3,771 vehicles, up 42.4 percent from the 2,649 units sold in the same period in 2011.

The company attributed its record sales to “the success of four newly launched vehicles, including the allnew Ford Ranger, all-new Ford Explorer with EcoBoost, all-new Ford Focus and Ford Mustang sports car, as well as continued strength in demand for the Ford Fiesta, Ford Everest a nd Ford Escape na meplates.”

“Customers are responding very positively to our expanded Ford lineup, and are really appreciating the advanced technologies that

Ford Philippines said the Fiesta was the top-selling 5-door hatchback last year.

we offer in our vehicles, our focus on fuel eff iciency, quality and safety, and our ongoing commitment to provide the very best customer experience,” Ford Philippines president Randy Krieger said in a statement.

“As we continue to introduce more segment-leading vehicles in the Philippines, we look forward to our momentum continuing and to engaging even more newto-Ford customers,” he said.

In December alone, 377 Fiesta units, 319 Ranger units, 316 Everest units and 22 Mustang units were sold.

Ford Philippines said the Fiesta was last year’s bestselling five-door hatchback in the small car segment, while the Ranger and Ex-

plorer models registered their best-ever quarterly sales performance in the fourth quarter.

A total of 152 units of the iconic Ford Mustang have been delivered since it was made available four months ago, the company said.

Ford Philippines opened seven additional dealerships during the fourth quarter of last year en route to reaching 35 nationwide before the first half of this year ends.

T he compa ny pu l led the plug on its assembly and export operations last year, citing a small domestic vehicle market, among other reasons for the closure of its manufacturing plant in Santa Rosa City, Laguna.

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Corporate . World

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JV to PNP: Intensify crackdown on loose firearms SAN Juan City Rep. JV Ejercito Estrada urged the Philippine National Police (PNP) to intensify its campaign against loose firearms to curb gun violence.

Ejercito Estrada made the statement amid renewed calls for tougher gun control laws following the death of 23 people in separate incidents barely a few days into 2013.

A seven-year-old girl from Caloocan died after she was hit by a stray bullet in the head while watching fireworks on New Year’s Eve. A shooting rampage

in Kawit, Cavite left nine people dead on Jan. 4. A few days after, 13 people were killed in a shootout in Quezon province.

The young lawmaker expressed apprehension that incidents of gun violence may increase if the PNP will not be able to immediately track down and apprehend the owners of some 500,000 illegal firearms.

“The PNP must be able to account for these loose firearms especially since the Philippines is already in the thick of preparations for the May elections,” he

said.

Violent incidents tend to go up as election day nears.

Ejercito Estrada said the government particularly the PNP must be able to assure Filipinos that it is capable of safeguarding their lives as well as the sanctity of the ballot.

He challenged PNP Dir. General Alan Purisima to prove that President Benigno Aquino III made the right decision in appointing him as national police chief and in entrusting him with the task of maintaining peace and order in the country.

Pagcor tasked to produce masterplan

Veteran journalists honor PNoy with "People's Choice Award" and PAGCOR Chief with "Exemplar Award in Corporate Governance"

in such a way that they do not erode our traditional moral values,.” Senator Aquilino “Koko” Pimentel III, PDP Laban President, said.

The masterplan, he said, must indicate how many casinos the country can absorb and where these are to be located.

The grant of a casino license must take into account the personality of the licensee. Hence all transactions which affect the “personality” of the licensee must require Pagcor approval. Otherwise the unscrupulous and notorious may end up owning a gaming license, Pimentel said.

While Pagcor has yet to come up with such a master plan, the lawmaker said, in the meantime there should be a stop to the establishment of more ca-

sinos, including e-games and e-bingo, according to Pimentel.

“I would prefer attracting more investments in manufacturing rather than in casinos,” Pimentel said, as these would result in more jobs for the country’s growing labor force.

Pimentel said that while the trend is to build family-oriented establishments rather than stand-alone casinos catering to the affluent, the gaming industry as a whole caters to a limited clientele and casinos are perceived as mere playgrounds of the rich.

“In a society where there is pervasive poverty, glitzy casinos where only the rich can bet large amounts of money in one sitting would appear incongruous and only shows the yawning gap between the rich and the poor,” he added.

MANILA - Leading telecommunications company Globe Telecom has joined ABS-CBN’s “Boto Mo, iPatrol Mo: Tayo Na!” campaign for citizen empowerment and clean elections.

“Globe always works for a better-educated voters body and pushes for active people participation in choosing the next Philippine leaders.

This time, aside from Bayan Mo, iPatrol Mo, we are also supporting the Fully Abled Nation program to encourage even persons

Affairs which spearheads the campaign also inked a partnership with government agencies, leading universities, print publications, and non-government organizations.

During the 2010 elections, Globe also lent its ICT expertise to the Parish Pastoral Council for Responsible Voting (PPCRV), National Citizens’ Movement for Free Elections (NAMFREL), and SImbahang Lingkod ng Bayan (SLB).

Globe served as one of the major sponsors of PPCRV’s “Botong-Boto Ka Na Ba?” poll watchers manual and training video on the automated elections.

It also installed NDDcapable landlines and internet connection for Bantay ng Bayan, a NAMFREL project dedicated to observing the entire election process and reporting its findings directly to the people and also to SLB Gabay Halalan, a voters’ information hub.

A LAWMAKER has urged the government-owned Philippine Gaming and Amusement Corporation (Pagcor) to come up with a comprehensive master plan on casino

gaming that would “strike a balance between raising revenues and protecting the moral fiber of society, especially the youth.”

“While revenues from

state-run gaming operations are substantial and can finance badly-needed social development projects of the government, we also need to rationalize gaming activities

Globe Telecom joins campaign for clean polls with disability and their families to go out and register for the May 13 polls,” said Yoly Crisanto, Head of Globe Corporate Communications.

Globe Telecom’s pledge of support is embodied in a Manifesto which it signed together with four other private companies.

The Manifesto calls for the mid-year elections to be held in a “transparent and credible manner” as well as underscored the need for wider public participation

in the national voting.

Thus, signatories to the campaign agreed to do their share in encouraging people to work together and practice vigilance to eradicate electoral anomalies as well as protect the future of the country.

“A more knowledgeable and conscientious public is essential to effect meaningful change in our society,” the Manifesto stated.

Aside from Globe and other private firms, ABSCBN News and Current

TESDA-Coke Project Empowers Women Retailers Women Retailers attended, last January 9, 2012, the final briefing and scheduling of the Star Sari-Sari Store Training & Access to Resources, a joint project of the Technical Education and Skills Development Authority (TESDA), Coca-cola, City Government, and the Smiles Foundation, which aims to empower women retailers of Cagayan de Oro City by improving livelihood through the retail business. The projected is fully supported by the city through the Committee on Livelihood, chaired by Hon. Nadya Emano-Elipe, and the Committee on Women, chaired by Hon. Annie Y. Daba.

Call for establishment of CCTVs snowballs Another lawmaker has supported the proposal of commercial establishments to put up closed-circuit televisions (CCTV) to strengthen the campaign against criminal elements that attack banks, malls, shops and other business establishments.

Rep. Winston Castelo (2nd District, Quezon City) filed House Bill 6661 requiring the installation of a CCTV camera in every major business establishment located in a central or core business district or area on a compulsory basis and as a requirement for the issuance of business permits.

“As the saying goes, crimes cannot be committed without a witness.

Offhand, a CCTV is a mere tool in case a crime was committed without a viable or willing witness at the scene and at the time that it happened,” Castelo said.

Castelo stressed that to make it more relevant, the CCTV shall also be manned by someone whose responsibility is to report to the nearest police station that a crime is being committed before the perpetrators could go scot-free.

The lawmaker said the Philippine National Police (PNP) should make itself available round-the-clock to receive calls and in fact, to have a quickreaction-team at any time of the day in case a form of siege is actually being committed.“This way this whole proposal to require every business establishment to install a CCTV in its place of operation can only find meaning,” he added.

The bill mandates a system of accreditation whereby business establishments may avail themselves immediate intervention or action from the police without prejudice to those non-accredited business establishments asking for protection.

Under the measure, the Business Permits and Licensing Office in every municipality, town or city shall require a CCTV as part of the requirements for registering a business or renewing its business license for major business establishments. Minor establishments may opt to waive this requirement.

The central PNP headquarters may coordinate with any of the giant telecommunication companies to avail of a facility or service that would facilitate every call for police intervention from any business establishment in need of the same.

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Banking & Finance

UnionBank taking over parent’s thrift unit ABOITIZ-OWNED Union Bank of the Philippines (UnionBank) has moved to acquire thrift bank City Savings Bank, Inc. (CitySavings) after buying out the latter’s majority shareholders, Aboitiz Equity Ventures, Inc. and Pilmico Foods Corp., for P5.7 billion, the holding firm said in a disclosure yesterday.

“In a special meeting today (Jan. 8), the board of directors of Aboitiz Equity approved the proposed offer from UnionBank to purchase all of its shares in CitySavings, a Cebu-based thrift bank,” the disclosure read.

Aboitiz Equit y ow ns 116,262 shares in CitySavings, equivalent to 59.54% of

the bank’s total issued and outstanding shares, while Aboitiz Equity’s food unit, Pilmico Foods, holds 78,109 CitySavings shares or a 40% stake, the disclosure said. The balance of 0.46% is owned by individual shareholders.

CitySavings was incorporated on Dec. 9, 1965 as Cebu City Savings and Loan

Association, according to Aboitiz Equity’s 2011 annual report.

Aboitiz Equity and Pilmico Foods jointly acquired CitySavings in 2010.

UnionBank is the main banking unit of the Aboitiz Group. It is 43.27% owned

by Aboitiz Equity, according to the bank’s end-September 2012 financial statement.

“Aboit i z E qu it y wa s advised by its subsidiary, Pi lmico Foods, t hat its (Pilmico Foods’) board has also accepted the offer of UnionBank to acquire the remaining 40% shareholdings in CitySavings held by Pilmico Foods,” the disclo-

sure added.

“The total acquisition value is approximately P5.7 billion.”

UnionBank will still have to secure approval for the transaction from the central bank’s Monetary Board.

“The transaction is expected to be consummated upon the issuance of the relevant regulatory approvals,” the disclosure stated.

Aboitiz Equity grew its net income by 12.88% to P22.7 billion as of September last year from P20.11 billion in the same nine months in 2011 on the back of gains of its energy and banking businesses.

Friday-Saturday Jan. 11-12, 2013

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Tetangco cited again as among top central bankers in the world BANGKO Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. was again named one of the world’s best central bankers-- the third time in the last five months -- by an international publication.

In a statement, the BSP said The Banker, a publication of the Financial Times group, has named Tetangco as Central Banker of the Year for Asia-Pacific. The publication hands out the Central Bank Governor of the Year Awards to officials who have “successfully steered their countries through the economic turbulence of 2012.”

Tetangco was awarded

Tetangco

by Global Finance Magazine an “A” rating as central bank chief, along with five other governors, as BSP took advantage of receding inflation to cut its benchmark interest rate to a record low to stimulate the local economy as the rest of the world weakened.

Bankers/PAGE 9

PH likely to attain investment-grade rating this year THE Bank of America Merrill Lynch (BofA-ML) said the Philippines may likely attain investment grade status this year as its strong economic growth and better finances make it more attractive and less risky for those who would place their bets on the country.

In its outlook, the investment bank said the country’s improving balance sheet, large current account surplus and falling public debt ratios will likely earn it the credit rating upgrade this year.

In addition to its better years has not been accomfinances, the Philippines’ panied by a sharp rise in strong growth in recent household debt or domestic

credit, BofA-ML said.

The Philippines is rated just a notch below invest-

Moody’s Investors Service and Standard and Poor’s Ratings Services.

Last month, S&P revised its outlook on the Philippines from stable to positive, signaling a possible upgrade in the actual rating.

A rating upgrade means the cost of borrowing, especially from foreigners, would fall given the improvement in the Philippines’ risk profile.

This would also benefit big companies that borrow abroad since the sovereign rating is a factor that determines their debt scores ment grade by the world’s as well. top three credit rating agen- First Metro Investment cies, namely Fitch Ratings, Corp on Monday said the

Philippines’ success in retiring old and more expensive debt or extending maturities of its existing obligations would likely earn for the country a credit upgrade this year.

BofA-ML said the Philippines’ plan to extend the duration and retire bonds has “helped underpin investor interest.” This is evident in the country’s liquid debt papers maturing in years 2021, 2026, 2034 and 2037. The interest rates of these bonds have already tightened by 3-9 basis points, slightly more than that of Indonesia’s, considered another investors’ darling.

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NELSON CONSTANTINO Editor-in-Chief Dolly pelone Advertising

Agree With Your Critics THINK… Do you usually agree with people when they criticize you?

Probably not. But just for fun, try it sometime. Agree with the criticism that people might give you.

At first, it won’t feel natural or fun because when people criticize us, our natural reaction is just the opposite.

We feel hurt like we’re being attacked. So as our blood pressure shoots up, we fire back our own criticism of that person like a counter-attack. But think of all the time and energy we waste reacting with anger to criticism.

A famous, successful per-

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

Understanding obedience IT’S a basic virtue that comes to us like an instinct. It’s part of our natural endowments that at the beginning is ruled mainly by hormones. That’s why babies and children follow and obey their parents and elders without being taught.

But as we grow older and reason takes root, as well as the fact that we would be exposed to elements more complicated than our basic need for physical survival, we have to realize that this virtue also has to grow and develop beyond its hormonal stage.

We should not take this concern for granted. Otherwise, it would just get stuck at the level of the natural and what we consider as commonsensical. The truth is that obedience as a virtue has a coverage that extends way beyond these dimensions.

In a manner of speaking, we need to apply some philosophical and theological antioxidants to our conception of obedience to protect it from some reductive or corruptive or distorting elements and to keep it on track to its full development.

Obedience is very much at the core of the spiritual, moral and supernatural character of our life. It cannot remain in the level of instincts, the practical and reasonable.

It touches on our faith and religion. It goes beyond the worldly considerations, no matter how valid and legitimate they are.

As a consequence, we cannot base our understand-

Hintsandtraces

FR. ROY CIMAGALA

ing of obedience on purely natural, worldly and temporal considerations. It has to enter into its more radical foundation and purpose.

And that’s the fact that it is a gift from God. It has to be governed by God’s will more than just our own will and designs.

As a gift from God, it has to be understood as part of our nature. In other words, it is something to be lived all the time, in every circumstance and situation we may find ourselves in. it’s not something that we live from time to time. Its field of responsibility is universal.

And so we have to develop the appropriate attitude and skills.

Of course, we have to understand obedience in reference to God. Only in that context is obedience to be lived always. Outside of that, as in our human relations, many would be the occasions when disobedience needs to be done.

When referred to God, obedience has to be seen as cimagala/PAGE 11

PED T. QUIAMJOT

THROUGHOUT the years of living in a coastal community, some of us may have left a mark of life in a beach.

Others who have been there since childhood and have spent their lives growing up as a par time fisherman or shell collector in the salvage shores have resigned their fate to die in their place of birth.

Many of the landed whose children were educated have since gone to the big cities to seek employment and

son says: “I’ve learned to take criticism seriously, but not personally.” You see, friend, it just might be true—at least part of it. I don’t know about you, but I’ve got lots of room for improvement.

So let’s take all the help we can get, even if it hurts a little, because the truth hurts sometimes. And if part of that criticism of us is simply not true or fair, then just take the part that is true and do something about it. Let it change you and make you a better person. Make it work for you to your advantage.

As they say, “Spit out the bones and keep the meat.” It will make you stronger in your character. So we need

just to chew on that criticism of us and think about it for awhile.

God created us to have the character of Jesus Christ.

One of the main reasons He became a human being was to show us the kind of nature and person He designed us to be. And all it takes is one look at Jesus to know we’ve got a long way to go to become that kind of person!

So let’s learn all we can and take all the help we can get—even from our critics.

The truth may hurt, but it also can set us free from our wrong attitudes, motives, and behavior. That’s the only way we can start becoming all we were made to be.

JHAN TIAFAU HURST

Why not ask Jesus Christ to forgive for your wrong way of living? Then ask Him to help you start making the changes you need to make in your character and life.

Just think a minute…

Barefoot in Talisayan professionals have started to shift back the fruits of their labor to their hometown changing the landscapes with beautiful houses and concrete buildings. While others who have worked or stayed overseas may have chosen to return home either to invests on lands or seek public office.

Those who have gone long and are now in the twilight of their lives may contemplate to comeback and retire in a coastal place blessed with the amenities of life in harmony with nature.

Life in a beach in Talisayan has memories which many years ago are remembered with a blast of dynamite fishing in Sipaka Bay. Others can recall with the force of machetes splitting the barks of the coastal mangroves to extract the kiln when dried is used as natural color for the fermented coconut sap made into the popular concoction called “tuba”.

Misamis Oriental is endowed with many progres-

sive municipalities along the coast of Northern Mindanao with fishing and copra as an industry. Landlocked fields stretching to the mountains with fertile soil planted with fruit bearing orchards and coconut trees provide backdrop to the greeneries.

While rice paddy fields alongside national highways stretched in tandem miles away up to what the eyes can see helps provide the food sufficiency of the province.

Talisayan is one place that strikes a similarity to the French Riviera when navigating the winding paved coastal road during summer.

During sunset, the sky reflects silhouettes of dark orange color into the horizon as fisher folks set their boats to the open seas towards the channel in the nearby Camiguin Islands some 50 nautical miles away for the regular evening catch of Sardines and Groupers.

Talisayan coast aside from a rich fishing ground is the passage route of the

Paper money “WHY don’t we just print more money?”

This is a question that has probably crossed our minds, especially in times of financial need.

Printing more money for everyone sounds cool: With more cash we can buy more goods. But if it’s really that simple, why does the Bangko Sentral ng Pilipinas strictly regulate the number of bills it prints?

History probably has the best answer to this question.

The experience of China’s Ming Dynasty with the earliest paper money will help us understand the need to control the amount of cash in circulation.

British Museum Director Neil McGregor, in the recent BBC Radio 4 series “A History of the World in 100 Objects,” said that one of the first bank notes ever printed traces its roots to 15th century Ming Dynasty.

Before the advent of paper money, McGregor said most of the world exchanged

Think a minute

money in coins of gold, silver, or copper with an intrinsic value that could be judged by weight.

However, he said, that the Chinese eventually saw that paper money had apparent advantages over the coin: It is light, easily transportable, and big enough to carry words and images that announce not only its value, but the authority of the government that backs it, and the assumptions on which it rests.

“Properly managed, paper money is a powerful tool in maintaining an effective state,” McGregor said.

When the Mongol Empire disintegrated in 1350, the Ming Dynasty took over China and re-established the currency by issuing paper notes.

Keeping the worth of the new currency intact was one of the challenges faced by the Ming empire, McGregor said.

The Ming’s key monetary decision was to ensure that the paper note could always

be converted into copper coins: The value of the paper would equal the value of a specific number of coins.

In short, a 1,000-cash note should be equivalent to 1,000 copper coins so that when a note was presented as payment, an equivalent number of copper coins was deemed “paid out.”

The British Museum director, however, pointed out that the practice turned out to be more complicated than the theory: The Ming dynasty eventually couldn’t resist the temptation of printing more money.

McGregor said that as the Ming printed more and more bills, the value of the paper money nosedived.

Fifteen years after the first Ming banknote was issued, a Chinese official commented that a 1,000-cash note had plunged to an exchange value of a mere 250 copper coins.

In an interview with McGregor, Bank of England Governor Mervyn King explained that the absence of a

unique whale sharks called “Tawikis” that feeds on the plankton of the Mindanao seas.

Catching this rare environmentally threatened species has long been banned by the Bureau of Fisheries and Aquatics Resources.

There are beach resorts in the area; one is the popular Mantangale Dive Resort which specialized in Scuba Diving along the Sipaka Point which has attracted foreign divers visiting Northern Mindanao.

Daytime sea foods dining are famous in the restaurant rows along the Poblacion Boulevard. Authentic honey bees’ extractions and organic vegetables are sold in the market nearby.

Talisayan is a source of pride for the Governor Oscar S. Moreno’s governance in the province. Enhancing basic social services has alleviated poverty and improved the quality of life in the Municipality. quiamjot/PAGE 11

Speaking out

IGNACIO BUNYE

Ming central bank and the issuance of too much paper money led to the devaluation of the banknotes.

“The paper money was backed by a copper coin, in principle — you should take this money because it was backed by a copper coin, but in fact the link broke down.

And once people realized the link had broken down, the question of how much it was worth was really a judgment about whether a future administration would issue even more, and devalue bunye/PAGE 11

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Puregold...

from page 1 viduals. It has four stores in Metro Manila and one store each in Cebu and Pampanga catering to upscale shopping segments.

In May last year, Puregold shareholders approved the company’s acquisition of Kareila Management Corp., operator of S&R, by way of a share swap deal worth some P16.5 billion.

That same month, Puregold acquired Gant Group, operator of Parco Supermarkets. The latter owned and operated 19 Parco Supermarket branches located in various sites in Metro Manila, Rizal, and Bulacan, according to Parco Supermarket’s Web site.

Upon completion, S&R Davao is expected to feature 5,000 square meters of net selling area, which is typical for stores under this brand, Mr. Perez said.

Following S&R Davao will be a Puregold supermarket in Cagayan de Oro later this year.

“Puregold CdO may open in the middle [of the year] to the third quarter of 2013. We are currently constructing the building, which was an old supermarket and department store consisting of four floors called Ororama,” Dayao said.

“We will have different tenants there such as drugstores, fastfood, services and banks.”

Dayao said the generally good experience of various retail outlets in Mindanao encouraged Puregold to set up shop on the island.

“We are optimistic even if it’s a new market. From what we have gotten from other retailers -- especially those in the grocery and drugstore operations -- they have had a very good experience in Mindanao,” he said.

Provinces in the Visayas are also in the company’s sights, though there are no definite plans yet.

“We’re not excluding any of the big islands: Panay, Cebu, Negros, Leyte, Samar, and Bohol,” Dayao said without elaborating.

“If ever, we expect to open stores near each other and we’ll most likely be doing at first in two or three islands because of logistics and supervision reasons,” he added.

Puregold was incorporated in 1998 to engage in buying, selling, distribution and marketing wholesale or retail goods.

The company had said in March 2012 that it had allotted about P3 billion for store development last year.

Perez said this would likely be the budget for store expansion this year, but details -- such as possible upward revision of its financial and store targets -- will be finalized before the company’s investors’ briefing next month.

As of end-2012, Puregold stores totaled 156 -- consisting of Puregold, S&R, and Parco, another chain the company acquired last year -- with net selling area totaling about 305,000 square meters, a 42% increase from 2011 levels, Perez added.

Floods...

from page 1 In Norala town in South Cotabato, seven villages were hit by severe f looding on Sunday afternoon due to the overflowing of several rivers.

The floods directly affected some 526 families, damaged a bridge and about 79 hectares of palay farmlands, a report from the Norala Municipal Disaster Risk Reduction and Management Council said.

Several villages in the city were also submerged in floodwaters due to the swelling of irrigation channels and other waterways traversing various low-lying villages following hours of heavy rains.

Citing a report from the City Disaster Risk Reduction and Management Council (CDRRMC), Barranco said the areas that were hit hardest by the floods were barangays Lagao, Dadiangas Heights, Baluan and Bula.

As of Tuesday morning, he said 558 families in Barangay Baluan were already affected by the floods, which remained knee-deep high in some portions of the area.

He said two families were evacuated by the CDRRMC to the BaluanBarangay Hall on Monday afternoon due to the rising floodwaters.

“The CDRRMC is currently conducting ocular surveys and continuously monitoring the situation in the affected areas,” Barranco said in a radio interview.

Lawyer Jose Mariano Gonzales, city administrator, said local government personnel are presently clearing up some clogged waterways to avert further flooding in some critical areas in the city.

During a CDRRMC meeting on Monday, he said they found out that among the major causes of the f loods was the clogging of garbage along some drainage canals and portions of the irrigation line canals of the National Irrigation Administration.

Gonzales said Mayor Darlene Antonino Custodio, who presided over the meeting, directed the immediate release of food and relief assistance for the affected residents.

He said they also sought assistance from the Department of Social Welfare and Development and the Department of Health to augment the relief operations, especially in terms of the provision of food packs and Oresol to disinfect the drinking water in the flooded areas.

Typhoon... from page 1

medicines, etc.” said BMG head Charlito “Kaloy” Manlupig.

To give the survivors the sense of being stakeholders — who have a say to what their future will be — BMG and its partner on the ground, the UK-based Disaster Aid International (DAI), started its “cash-for-work” program and other similar schemes.

One of those who benefited with this scheme is Anasaria Mandawe, 36, whose husband and eldest son were killed when the Ban-ao

DayCare Center building collapsed on them at the height of Typhoon Pablo (Bopha) on December 4, 2012.

Mandawe is detailed as kitchen staff assigned to prepare food for the hundreds of BMG and DAI volunteers who are helping Ban-ao’s reconstruction and rehabilitation efforts.

BMG has temporarily transformed the destroyed Principal ’s Office at the Ban-ao Elementary School as its headquarters while its own staff house is being constructed on a hill overlooking the school.

“I am very happy and grateful to Balay Mindanaw and the Disaster Aid International for restoring my hope,” she said in the dialect after admitting that she lost all hopes of ever recovering from the Pablo’s devastation after her husband and 18-year-old son died, especially since she is left with 6 other children to care for.

55-year-old Florgardo Pontillas is among the survivor-volunteers who helped in the clearing and construction of the temporary cooking area, and washing and bathing area for the “Tent Communities” in Ban-ao.

The tents are donated by DAI. “Work is very hard to find here now. I am glad that Balay Mindanaw is here to help us rebuild our barangay. But since Balay Mindanaw and its volunteers are just visitors here, we cannot expect them to stay for long. So it is really us, survivors, Banaowons, who have to rebuild our barangay,” he said.

But BMG’s Manlupig said that the group is in Ban-ao for the long haul, which is also why it is constructing its own office and staff house here.

Other survivors are helping in clearing areas for the “Tent Communities” while others are helping in cutting felled coconut trees for use in the various construction works here.

BMG, which launched its Disaster Response, Risk Reduct ion Ma nagement and Resiliency Building (DRRRMRB) program right after several of its staff lost homes and properties when Typhoon Sendong (Washi) unleashed its wrath on the

city on December 16, 2011, is very much “at home” in barangay-(village-)based intervention programs “since birth.”

The DRRRMRB is a program of the “original” NGO of BMG, the Balay Mindanaw Foundation, Inc. (BMFI).

The other NGOs of the BMG started out as just “mere” programs of BMFI but later on became separate groups with its own set of officers and programs.

“Our strategy is helping re-build resilient communities through barangay (village)-based and barangayfocused disaster response work in Davao Oriental.

[And] the first key intervention is helping the survivors set up their own tent community as a temporary emergency shelter while they reconstruct or repair their damaged houses. This community is the focus of our delivery of relief, rehabilitation, psycho-social and other assistance,” Manlupig said.

As of the first week of January, volunteers of BMG and its partner on the ground, the UK-based Disaster Aid International (DAI), have helped pitched hundreds of tents in a cleared area fronting the destroyed Banao Elementary School and beside the destroyed Roman Catholic Chapel.

Primavera...

from page 1 Italian-Filipino joint venture which designed and developed Primavera Residences, the first eco-friendly building in Northern Mindanao.

“Out of 18 semi-finalists, we are the only presenter from the Philippines.”

The CTI PFAN website says 10 specially selected clean and renewable energy projects from around Asia will present their business plans at the Forum. The projects were selected for their commercial viability and environmental benefits from over 40 project proposals and have all received intensive coaching on the preparation of their business plans and investor pitches from CTI PFAN professional advisers.

The projects were selected on the basis of their commercial viability, stage of maturity and interest for investors as well as their potential to

produce clean energy sustainably and reduce greenhouse gas emissions, while achieving other environmental and developmental benefits.

The projects seek to raise an investment for deployment of a range of clean and renewable technologies including biomass, hydro, waste to energy, solar, clean transport, wind, biogas, and rural electrification.

Architect Nati said Italpinas first presented the new project last October 22, 2012, where it qualified as one of 18 semi-finalists selected by the organizers from 41 entries.

“As one of those qualified for the second stage, Italpinas received coaching from professional experts, who helped create a financially, socially and environmentally viable business plan during a Project Development and Financing Workshop held November 9, 2012 in Singapore,” he added.

Italpinas first venture, Primavera Residences in Cagayan de Oro, had previously been recognized by the South East Asia Property Awards as one of the Best Condo Developments in the Philippines in 2011.

A P250-million 10 storey twin-tower condominium designed by award-winning architect Romolo Valentino Nati, the Italian CEO of Italpinas, the Primavera Residences business plan was previously cited as one of the most promising clean energy investment opportunities in the Philippines during the 2nd annual Philippines Clean Energy Investor Forum held at the Edsa Shangri-la Hotel in Manila in 2011.

AFCEF-3 is sponsored by the Climate Technology Initiative (CTI) and its Private Financing Advisory Network (CTI PFAN), the United States Agency for International Development (USAID), the Energy for

7

All Program of the Asian Development Bank (ADB), the International Center for Environmental Technology Transfer (ICETT).

The Financing Forum will be organized in cooperation with Dawn Consulting, CleanEnergy Solutions International (CSI), PPL International, the Sustainable Energy Association of Singapore (SEAS) and ReEx Capital Asia.

CTI PFAN is a multilateral, public-private partnership initiated by CTI in cooperation with the Expert Group on Technology Transfer (EGTT) of the UN Framework Convention on Climate Change (UNFCCC).

CTI PFAN screens business plans, selects the most economically viable and environmentally beneficial projects, and provides multiple rounds of coaching and guidance before projects are presented to an audience of investors.

Ties...

from page 2 Meanwhile, Uy saw the opportunity of building a halal slaughterhouse that will be run and managed by the Muslim group as suggested

by Consul Tahir.

Uy said with the plan of expanding Tagum City slaughter house this year there will be great demand for skilled workers which the Muslim sector could benefit from in terms of job opportunities.

On the other hand, the Malaysian consul also suggested to the Tagum leaders to explore the possibility of producing palm oil and making it the city’s top export product.

He said the palm oil production which is widely produced in major cities in Malaysia could be Tagum’s other export product in addition to its existing banana export commodity.(PNA)

8

Friday-Saturday I Jan. 11-12, 2013

P28.7M-worth of palay bought

by NFA in 2012 BUTUAN City -- National Food Authority (NFA) Caraga Regional Director Gil Pepito Paqueo has announced recently that NFA bought from the farmers of Caraga 33,262 bags of Palay worth P28.7 million from January to December 2012.

Paqueo said that for palay procurement in 2012 was higher by 20,720 bags or 165 percenr compared to the 12,542 bags procured in CY 2011.

Moreover, palay procurement for the second semester of 2012 totaling 28,094 bags was 5.4 times more than the 5,168 bags procured in the first semester of the same year.

Paqueo attributed the higher performance principally to the extensive preparations which NFA-Caraga region undertook in the third quarter of 2012 which included the series of “Ugnayan” with local government units, farmers and various farmer organizations, setting up of temporary buying stations and satellite collection centers especially in the rivertowns of Agusan del Norte, Agusan del Sur, and Surigao del Sur and augmentation of NFA’s mechanical-drying capability.

According to Paqueo, NFA Caraga region has started to prepare for the procurement of the March to June 2013 palay and corn harvests. He said that top priority is being assigned to the continuing build-up of NFA’s mechanical drying capability especially for the buying stations in the river towns.

Agri News

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Banana growers project big export gap THE BANANA industry’s export commitments to Japan, South Korea and New Zealand may not be fulfilled due to damage caused by typhoon Pablo to Cavendish banana plantations in Mindanao, an industry official said.

“The volume of banana exports to our traditional markets (Japan, South Korea and New Zealand) may be reduced to around 10% to 15% because of the devastation wreaked by typhoon Pablo on banana farms here in Mindanao,” said Philippine Banana Growers and Exporters Association (PBGEA) Executive Director Stephen A. Antig said.

The outlook is particularly doubtful for deliveries during the peak season or the months of March, April and May. Most of PBGEA’s members are based in the Davao Region, which accounts for 60% of the country’s total Cavendish banana production, Bureau of Agricultural Statistics showed. The Davao Region or Region 11 is one of the regions directly hit by typhoon Pablo in December.

PBGEA said damaged banana plantations accounted for more than 46% of total Cavendish banana production.

Based on the latest typhoon Pablo damage report by the Agriculture department, banana farms spanning more than 50,000 hectares incurred more than P22 billion in damage -- the highest compared to lands devoted to other crops.

Asked to comment on the Agriculture department’s statement that banana exports to Japan, South Korea and New Zealand will not be greatly affected because banana exporters will source from independent growers, Mr. Antig confirmed this but clarified the typhoon’s impact on banana exports will be felt only in the months of March, April and May. “The typhoon’s effect

on exports will not be immediately felt as our traditional markets reduce their purchases [of Cavendish banana] during winter,” Mr. Antig said and added that the typhoon’s effect will surely be felt in the months of March, April and May that are considered as the peak months.

Last Saturday, the Agriculture department’s High Value Crops Development

Program Coordinator Jennifer E. Remoquillo said in an e-mail that banana exports to Japan, South Korea and New Zealand will not be “tremendously affected since they (banana exporters) will source from independent growers who were not affected by the typhoon.”

Furthermore, Mr. Antig said the industry cannot rely on small growers to fill the export gap because these farmers were also hit by the typhoon.

He also said they cannot source from areas other than Mindanao because there are no large Cavendish banana producers outside the island.

“We can source from plantations in South Cotabato and other banana plantations not affected by the typhoon but these will not be enough,” Mr. Antig said.

PBGEA data showed that Japan’s share of total banana exports as of the nine months ended September was 679,000 metric tons (MT), equivalent to around 43%. South Korea’s share was 218,000 MT or around 26% while New Zealand’s was 39,000 MT or 2.5%.

GARLIC producers are expecting an increase in garlic output this year by more than a third of total output in 2012 to 40,000 metric tons (MT).

The volume will be more than enough for loca l dema nd, which reaches 20,000 to 25,000

MT annually.

Garlic production in 2012 reached 29,000 MT, bolstering local growers’ call to end importation. “ There is no need for impor ts. We w i l l have enough supply year round,” said Batanes garlic farmer representative Arnold de Sagon in an interview Monday.

De Sagon, who is the president of the Itbayat Garlic Producers and Multi-Purpose Cooperative, said that the crop estimates for 2012 and 2013 did not factor in the contribution of independent garlic producers.

“Which means that production may even be higher than what we are projecting,” he said.

Because of the expected bumper harvest for 2012 and 2013, local

garlic growers are also contemplating exporting the crop, initially to neighboring countries.

The garlic industry’s current situation is a far cr y from its state in the 1990s, when the opening of the market to imports drove down local growers’ revenues.

De Sagun said that the Department of Agriculture helped boost the sector by creating linkages between farms and by providing market technical support and assistance in the form of training, farm inputs and post-harvest facilities.

Garlic production seen to grow 38% this year

Quinta farm damage hits P181M DAMAGE TO agriculture caused by storm Quinta (international name Wukong) reached P181 million as of Jan. 2, with rice farms sustaining the highest damage, according to an update from the Agriculture department on Friday.

Damage to more than 30,000 hectares of rice farms was esti-

mated at P154 million.

Meanwhile, corn plantations, mostly in Camarines Sur, Masbate, Aklan, Capiz and Negros Occidental sustained P10 million worth of damage.

Quinta made landfall in Abuyog, Leyte last Dec. 26 and passed through portions of the Visayas and Mindanao.

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Congress

More solons call for PH elephant’s release TWO more lawmakers have supported the call to release an elderly elephant from the Manila Zoo so it can be transferred to a sanctuary in Thailand.

Gabriela party-list Reps.

Luzviminda Ilagan and Emmi de Jesus are urging the City of Manila, the Bureau of Animal Industry and the Protected Area and Wildlife Bureau to facilitate the immediate transfer of Mali to Boon Lott’s Elephant Sanctuary (BLES).

In a statement, the lawmakers said Mali’s solitary confinement has placed the elephant under stress, which lowered her reproductive function and increased her muscle breakdown.

“Mali’s confinement in a concrete enclosure with very limited space restricts its movement, thus chronic pressure sores develop, and its foot infections and arthritis continues to worsen, as concrete surfaces do not allow a variety of surfaces for her to roam in, causing infections which lead to death among elephants,” Ilagan said.

“All of these severely compromise the psychological and physical conditions of the elephant,” de Jesus added.

Last year, Las Piñas Rep. Mark Villar asked the House

Committee on Natural Resources and Ecology to review the standards and guidelines in operating zoos following the campaign to release Mali.

Nueva Vizcaya Rep. Carlos Padilla, Cagayan de Oro City Rep. Rufus Rodriguez and Abante Mindanao party-list rep.

Maximo Rodriguez recently urged government agencies to facilitate the elderly elephant’s transfer to BLES. The Catholic Bishops Conference of the Philippines has also added its voice to the growing list of concerned individuals and groups calling for Mali’s release.

Mali was featured in the 2012 Christmas ad of the animal rights group People for the Ethical Treatment of Animals which had the caption “All I Want for Christmas Is My Freedom.”

PETA noted that Mali has been suffering from foot ailments, which is said to be the leading cause of death in captive elephants. The group also said she is enduring loneliness, boredom and isolation in the Manila Zoo. Malacañang earlier said that it has instructed government agencies to look into Mali’s condition.

Republic of the Philippines REGIONAL TRIAL COURT 12th Judicial Region, Branch 21 Kapatagan, Lanao del Norte IN RE: PETITION FOR CORRECTION OF ENTRIES IN THE BIRTH RECORD OF HANNA MAE BUREROS RESPUESTO

SPL. PROC. NO. 21-421

HANNA MAE BUREROS RESPUESTO, Petitioner.

- versus THE LOCAL CIVIL REGISTRAR, SULTAN NAGA DIMAPORO, LANAO DEL NORTE, Respondent. x- - - - - - - - - - - - - - - - - - - - - - - - - - -//

NOTICE OF DECISION

TO:

1.

Office of the Solicitor General Amorsolo St., Legaspi Village Makati City

2.

Office of the Public Prosecutor Tubod, Lanao del Norte

3.

Office of the Local Civil Registrar Sultan Naga Dimaporo, Lanao del Norte

4.

Atty. Reymund G. Inihao PAO Office, Kapatagan, Lanao del Norte

5.

Hanna Mae Bureros Respuesto Poblacion Sultan Naga Dimaporo, Lanao del Norte

6.

The Administrator and Civil Registrar General, National Statistics Office, East Avenue, Quezon City

G R E E T I N G S:

You are hereby notified by these presents that on the 27th day of JULY 2011, a DECISION was issued in the above-entitled case, copy of which is hereto attached.

(Sgd.) ATTY. BERNARDINO M. BERING

Clerk of Court VI BWM: Jan. 4, 11 & 18, 2013

9

Bill subsidizing political parties gets Congress nod THE House of Representatives has approved on third and final reading a bill that will give subsidies to political parties registered and certified by the Commission on Elections.

rodriquez

Friday-Saturday I Jan. 11-12, 2013

House Bill 6551, also known as Political Party Development Act of 2012, is authored

by Aurora Rep. Juan Edgardo Angara, Cagayan de Oro 2nd District Rep. Rufus Rodriguez, Abante Mindanao party-list Rep. Maximo Rodriguez, Jr., TUCP party-list Rep. Raymond Democrito Mendoza and Bohol 3rd District Rep. Arthur Yap. In a press statement, the House of Representatives said the proposed Political Party Development Act mandates that a State subsidy be created to augment the operating funds of the Accredited National Political Parties (APPs).

The funds shall be used directly and exclusively for party development and campaign expenditures including party administration, recruitment and civic education, research and policy development, education and training of members, institution-building and constituent outreach pro-

grams, and other reasonable logistical and operational expenses.

Also included are operating and traveling expenses, information dissemination, advocacy campaigns, production and distribution of electoral paraphernalia and other expenditures under Section 102 of the Omnibus Election Code.

The measure provides that the criteria for eligibility to receive the said funds are based on political representation, organizational strength and mobilization capability, performance and track record of the party.

The tota l a mou nt of State subsidy fund shall be distributed as follows: 5% shall be used exclusively for monitoring purposes and the conduct of information dissemination campaigns and voters’ education; 30% shall be proportionately and ratably distributed to APPs represented in the Senate based on the number of

Republic of the Philippines REGIONAL TRIAL COURT 12TH Judicial Region, Branch 21 Kapatagan, Lanao del Norte

seats obtained in the most recent general elections.

Likewise, 65% shall be proportionately and ratably distributed to APPs in the House of Representatives based on the number of seats obtained in the most recent general elections.

The proposed Act also prescribes that the system for disclosure and monitoring with the Commission on Audit playing a vital role is examining the financial reports of the APPs on their use of State subsidy. It also provides that officials of every APP shall submit a sworn statement of their assets and liabilities to the COA, which shall be made available to the public at least six (6) months before elections.

The Act shall apply to political parties registered with and certif ied to as such by the Commission on Elections. Parties are also mandated to craft clear policy agenda and program of governance consistent with their party philosophy and ideals. Each party is also mandated to formulate

a system on nomination and selection of candidates, in which all party members are involved.

Under the Act, voluntary contributions to any APP shall be up to P1-million if from a natural person, and up to P10 million if from a juridical person. Any contribution in cash or in kind to a political party for campaign purposes, duly reported to the Commission, shall be exempt from donor’s tax.

The bill further provides that the amount of P500million is appropriated out of the funds of the National Treasury not otherwise appropriated, and the amount of P350-million shall be appropriated ever y year thereafter.

The Comelec and the Department of Budget and Management shall promulgate the guidelines to facilitate the release of the funds to every APP, and for the Comelec to promulgate t he necessar y rules and regulations to effectively implement the provisions of the proposed Act.

Republic of the Philippines REGIONAL TRIAL COURT 12TH Judicial Region, Branch 21 Kapatagan, Lanao del Norte

IN RE: PETITION FOR ACKNOWLEDGMENT OF PATERNITY OF THE SPL. PROC. NO. 21-470 CHILD APRIL ROSE BALATERO AND TO USE THE SURNAME OF FATHER

FOR: ACKNOWLEDGMENT APRIL ROSE BALATERO, OF PATERNITY AND Petitioner, USE OF SURNAME

- versus -

IN RE: PETITION FOR ACKNOWLEDGMENT OF PATERNITY OF THE CHILD NODECCA ZSAHONEY BALATERO AND TO THE USE SURNAME OF FATHER FOR:

NODECCA ZSAHONEY BALATERO, Petitioner,

- versus -

NODEC TAGAL,

NODEC TAGAL,

Private Respondent,

THE LOCAL CIVIL REGISTRAR OF LALA LANAO DEL NORTE

SPL. PROC. NO. 21-471 ACKNOWLEDGMENT OF PATERNITY AND USE OF SURNAME

Private Respondent,

THE LOCAL CIVIL REGISTRAR OF LALA LANAO DEL NORTE And

And THE ADMINISTRATOR AND CIVIL REGISTRAR GENERAL, NATIONAL STATISTICS OFFICE (NSO) EAST AVE., QUEZON CITY, M.M. Respondents. x- - - - - - - - - - - - - - - - - - - - - - - - - - - -//

THE ADMINISTRATOR AND CIVIL REGISTRAR GENERAL, NATIONAL STATISTICS OFFICE (NSO) EAST AVE., QUEZON CITY, Metro Manila, Respondents. x---------------------------------------------------------//

AMENDED ORDER

AMENDED ORDER

A verified amended petition for acknowledgment of paternity and use of surname of father in the Birth Record of April Rose Balatero in the Local Civil Registry of Lala, Lanao del Norte, was filed by petitioner April Rose Balatero on June 22, 2012, praying this Honorable Court that after due notice, publication and hearing, judgment shall issue 1) DECLARING Petitioner as the biological daughter and child of private respondent Nodec Tagal; 2) ORDERING the Local Civil Registrar of Lala, Lanao del Norte and the NSO to cause the necessary change and corrections of the erroneous entry recorded in the book of births, specifically in the record/certificate of birth of the petitioner in such a way that: (a) the last name of Petitioner in the Certificate of Live birth be changed from “Balatero” to “Tagal” and the name “Balatero” be placed under middle name so that her full name reads “APRIL ROSE BALATERO TAGAL”; 3) ORDERING the Local Civil Registrar of Lala, Lanao del Norte to CANCEL AND DELETE the remarks and annotation appearing in the Certificate of Live birth under Registry No. 99-227 issued by the Local Civil Registrar of Lala, Lanao del Norte; 4) FORWARD a copy of the changed and corrected birth record of the Petitioner to the National Statistics Office (NSO), East Avenue, Quezon City, Metro Manila; and 4) Furnish a copy of the corrected birth certificate and/or record to the petitioner upon payment of legal fees.

Finding the verified amended petition to be sufficient both in form and substance, the same is hereby set for initial hearing to February 22 , 2013 at 8:30 o’clock in the morning. Let this order be published in a newspaper of general circulation in the province of Lanao del Norte once a week for three (3) consecutive weeks at the expense of the petitioner.

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

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

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

Furnish copy of this Amended Order to the Solicitor General, Makati City, the Office of the Provincial Prosecutor of Lanao del Norte, the Local Civil Registrar of Lala, Lanao del Norte; Atty. John Dale A Cantalejo, Maranding, Lala, Lanao del Norte, April Rose Balatero and Nodec Tagal, both of Purok Apitong, Maranding, Lala, Lanao del Norte.

SO ORDERED.

December 26, 2012.

Kapatagan, Lanao del Norte.

A verified amended petition for acknowledgment of paternity and use of surname of father in the Birth Record of Nodecca Zsahoney Balatero in the Local Civil Registry of Lala, Lanao del Norte, was filed by petitioner Nodecca Zsahoney Balatero on September 12, 2012, praying this Honorable Court that after due notice, publication and hearing, judgment shall issue 1) DECLARING Petitioner as the biological daughter and child of private respondent Nodec Tagal; 2) ORDERING the Local Civil Registrar of Lala, Lanao del Norte and the NSO to cause the necessary change and corrections of the erroneous entry recorded in the book of births, specifically in the record/certificate of birth of the petitioner in such a way that: (a) the last name of Petitioner in the Certificate of Live birth be changed from “Balatero” to “Tagal” and the name “Balatero” be placed under middle name so that her full name reads “NODECCA ZSAHONEY BALATERO TAGAL”; 3) ORDERING the Local Civil Registrar of Lala, Lanao del Norte to CANCEL AND DELETE the remarks and annotation appearing in the Certificate of Live birth under Registry No. 99-226 issued by the Local Civil Registrar of Lala, Lanao del Norte; 4) FORWARD a copy of the changed and corrected birth record of the Petitioner to the National Statistics Office (NSO), East Avenue, Quezon City, Metro Manila; and 4) Furnish a copy of the corrected birth certificate and/or record to the petitioner upon payment of legal fees.

Finding the verified amended petition to be sufficient both in form and substance, the same is hereby set for initial hearing to February 22, 2013 at 8:30 o’clock in the morning. Let this order be published in a newspaper of general circulation in the province of Lanao del Norte once a week for three (3) consecutive weeks at the expense of the petitioner.

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

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

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

Furnish copy of this Amended Order to the Solicitor General, Makati City, the Office of the Provincial Prosecutor of Lanao del Norte, the Local Civil Registrar of Lala, Lanao del Norte; Atty. John Dale A Cantalejo, Maranding, Lala, Lanao del Norte and Nodecca Zsahoney Balatero and Nodec Tagal, both of Purok Apitong, Maranding, Lala, Lanao del Norte.

SO ORDERED.

December 26, 2012.

Kapatagan, Lanao del Norte.

(Sgd.) ALBERTO P. QUINTO

Acting Presiding Judge BWM: Jan. 4, 11 & 18, 2013

(Sgd.) ALBERTO P. QUINTO

Acting Presiding Judge BWM: Jan. 4, 11 & 18, 2013

10

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Manulife highlights new retirement preparedness indicator

Capitol University, represented by Dr. Amor Q. de Torres, together with ASEAN universities signed a MOA with the National Apex Development Indicators (NADI) Centre at the Universiti Sains Malaysia in Penang, Malaysia, on December 20, 2012. Pictured are representatives from the University of Battambang, Cambodia, Universiti Sains Malaysia, University of Kamchaymear, Cambodia, University of Bengkulu, Indonesia, Chea Sim University of Kamchaymear, Cambodia. (CU P hoto)

NSO-10 launches coffee table book

Hon. Carmelita N. Ericta.

This will be followed by Administrator Carmelita N. Ericta’s message.

The NSO R-10 Coffee Table Book titled “The Pursuit of Excellence: Defining Extraordinary

Moments” is startlingly simple in its concept, but very rich in substance , and even richer in its vision to share to fellow public servants the commitment to serve above its given mandate- the commitment to do extraordinary things.

Unlike the books which Dir. Aves published in the past few years which are mostly about civil registration laws and leadership and management in public service, this book is a complete departure from the previous ones.

It chronicles the culture of innovation and how

the team accepted the challenge to think out of the box and to innovate concepts instead of adhering to the status quo.

It captures how NSO Region 10 has committed itself to a paradigm shift in public service, and how it has sustained for 19 consecutive years its success in obtaining first place in the Annual National Field Awards.

Together with Administrator Carmelita Ericta are the Deputy Administrator, Madame Paula Monina Collado and Mr. Joseph Cajeta of the Central Office.

general attitude is to put them in conflict. To be free, one should be exempted from obeying. And to obey means at least a weakening of freedom.

That understanding may be right in some very limited cases, but it should be corrected to reach its full and ideal state. And that ideal state can only be reached if obedience is referred to God In short, the main and ultimate reason for obedience should be God. It should be supernatural, not natural only. It has to be a consequence of our love for God, and because of that love, then

it should also be a result of our love for others.

God, not us, is the source, the law, pattern and viability of obedience. That’s why it’s always good to refer to how Christ obeyed. Being the fullness of God’s revelation to us, he shows us the true character of obedience and how to obey.

Obedience unites our will with the will of God. This is the most difficult part to do, since we usually consider our will to be absolutely our own.

We tend to think that if we subordinate our will to the will of another—in this case, God—then we would feel as

if we are losing our freedom or real identity.

We need to overcome that erroneous understanding of obedience. And we just have to realize also that obedience, given our present human condition, would always involve self-denial and sacrifice.

Christ himself shows this to us. In the Letter to the Hebrews, we read: “Although he was a Son, he learned obedience through what he suffered, and being made perfect he became the source of eternal salvation to all who obey him.” (5,8) This is how we have to understand obedience.

Eurozone crisis.

This time, The Banker lauded Teta ngco for his contribution to the stellar growth of the Philippine economy, especially in the third quarter of last year.

“The Philippine economy has performed strongly in the past year and its growth in the third quarter of 2012 was the second highest in Asia after China. Ratings upgrades in the past year have put the Philippines

just one notch away from investment grade -- the level of Indonesia -- which the country now has its sights on,” The Banker said.

“The sound monetary policy of the Bangko Sentral ng Pilipinas and its Governor, Amando Tetangco, have contributed to these improvements t hat have recently pushed the Philippines into the spotlight,” the publication added.

The Ba n ker gave t he

Global Central Bank Governor of the Year award to Erdem Basci, Central Bank of the Republic of Turker governor, representing Europe. Other awardees were: Ba n k of Ca nada Governor Mark Carney for the Americas; Naco Nacional de Angola Governor Jose Massano for Africa; and Saudi Arabian Monetary Agency Governor Fahad Al-Mubarak for the Middle East.

By MARILOU IGDON NSO Provincial Statistics Officer, Misamis Oriental

THE first ever Coffee Table Book of the National Statistics Office will be launched at 3:30 p.m today (January 11, 2013) at the Eaton Hall of the Mallberry Suites of this city.

This coffee table book is authored by Dr. Salvador A. Aves, Regional Director of the National Statistics Office, Region 10.

Highlight of the book launch is the turning over of the copy of the book to the Administrator of the National Statistics Office,

Cimagala... from page 6

being at the very core of our freedom, to such an extent that freedom and obedience cannot be separated.

Where there is freedom, the freedom of the children of God, the freedom that makes us image and likeness of God, there should be obedience. Where there is obedience, there should also be freedom. We have to overcome the tendency to contrast the two.

This is something that needs to be understood very well. At the moment, the

Bankers... from page 5

Emerging Markets of the Euromoney group, in October, named Tetangco as 2012 Emerging Markets Central Bank Governor of the Year for Asia. It said the BSP, under Tetangco’s watch, has managed monetary policy with “considerable skill”, amid the “twin threats” of a slowing China a nd spi l l-over f rom t he

Dr. Aves

MANULIFE Philippines recently issued a report prepared by Manulife Asset Management –Manulife Financial’s asset management arm – to introduce its Retirement Preparedness Indicator, which highlights the financial and economic conditions influencing the ability of individual economies to provision for their aging populations.

The report finds that although the Philippines’ government pension coverage is currently limited, relatively positive economic and demographic trends should help individuals supplement state benefits.

The report, entitled Funding the golden years: The financial and economic factors shaping retirement provision for Asia’s rapidly aging populations, is part of Manulife Asset Management’s Aging Asia research series and builds on the findings of its June 2012 publication: Saving up: The changing shape of retirement funding in a greying ASEAN. The previous publication revealed how ASEAN countries once considered to be among the most ‘youthful’ in Asia are actually aging more rapidly than most realize.

The new report divides the subject countries and territories into three broad categories of retirement preparedness. Those deemed to be facing the ‘most favorable conditions’ are Taiwan, Hong Kong and Japan; those judged to have ‘favorable conditions’ are Singapore, China, Malaysia and Thailand and those considered to be facing ‘challenging conditions’ are Indonesia, South Korea, Vietnam and the Philippines.

Aira Gaspar, CFA , chief investment officer for Manulife Philippines, explained why the country is included in the group facing ‘challenging conditions’: “The main challenges we see to providing retirement financing in the Philippines are its low level of financial wealth, low governmentmandated pension plan coverage ratio and relatively low savings rate. However, the country has factors working in its favor in terms of retirement preparedness. For those covered by the government-mandated pension plan, net pension wealth is impressive at 10.3 times average annual incomes. For those not covered by the scheme, continued economic growth should facilitate personal retirement saving if appropriate savings vehicles and incentives are available.”

Oscar Gonzalez, economist at Manulife Asset Management, expanded on Gaspar’s comment, pointing out that: “The report reveals that demographics actually work in the Philippines’ favor. Over the next 40 years it should see the largest absolute increase in potential savers, meaning its working population aged 15-64, among the economies we examined – in fact, the country’s proportion of working age citizens is projected to remain around 60% through 2050. These new savers should be increasingly empowered to shoulder some of the responsibility for retirement preparedness as individual incomes are expected to rise alongside forecasted GDP per capita growth of 3% per annum through 2050. It is ultimately the interplay between these demographic, financial and economic factors that will determine whether or not the Philippines will become rich enough to sufficiently fund retirements before it becomes too old.”

Michael Dommermuth, president of Manulife Asset Management Asia, commented on the report’s conclusions: “Asia as a whole is aging much more rapidly than most realize and individual countries and territories face varying conditions that affect their abilities to provide for their growing retired populations. The report reveals that most public retirement schemes in the region will need to be supplemented and that the ability to do so hinges on the availability of secure savings vehicles that unlock the potential to grow personal savings. This is strongly influenced by government policy support for enhancing financial market depth and the level of private sector interest in alternative savings mechanisms such as mutual funds and investment-linked insurance products.”

The report points out that Asia is likely to experience an increased shift in responsibility for retirement funding from the state to the individual, and that the Philippines is no exception to this trend. This is why Manulife provides investment-linked insurance vehicles designed to empower individuals in the Philippines to prepare for retirement. As this shift takes place, Dommermuth anticipates a growing need for investment products such as asset allocation funds that help build pension pots and, ultimately, income generating products that generate steady cash flow in retirement.

Quiamjot...

sayan who were once walking barefooted in their childhood who have come a long way and now worked in the famous restaurants of North America and Canada earning substantially for their families. I have seen how many of their youth were empowered with quality education and their environment protected surviving as a healthy community.

from page 6

Many Technical Education Scholars of the town are now gainfully employed in Cagayan de Oro working in the hotels and restaurants either as Waiters or Baristas that makes the favorite flavored coffees.

I know of many young men and women from Tali-

Bunye... from page 6

its real value in terms of purchasing power. In the end, this money did become worthless because it was over-valued,” King said.

In essence, it was also a case of too much money chasing too few goods (or in

economic terms, inflation).

Printing more money than necessary would, therefore, go against the BSP’s primary objective: To maintain price stability conducive to a balanced and sustainable economic growth.

Note: You may email us at totingbunye2000@gmail. com.

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,

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.

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

For INQUIRIES CONTACT:

(088)856-3344, (08822)74-53-80 or 09274795196 (Allan Mediante) businessweekmindanao@gmail.com MEDIA PARTNERS: