BusinessWeek Mindanao (January 16-17, 2013 Issue)

BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Issue No. 151, Volume III •

Market Indicators

As of 5:55 pm Jan. 14, 2013 (Monday)

FOREX

PHISIX

US$1 = P40.66

6,093.90 points

5 cents

X

42.15 points

Briefly

X

Business permits

DAVAO City -- Renewal of business permits here has become faster compared to last year as several steps have been taken out, an official said.

Dwight Domingo, officerin-charge of the Davao City Mayor’s Office Business Bureau Division, said Thursday at the I-speak media forum that from seven to 10 steps, it now takes four to five steps to renew a business permit.

Removed from the steps are the certifications from the city’s regulatory offices such as the veterinarian’s office, environment and natural resources office, and health office, among others, as they are already included in the pre-complied documents.

Cagayan de Oro City

Wednesday-Thursday

every Mondays, Wednesdays, & Fridays

January 16-17, 2013

P15.00

SWS says more Pinoys claim they are poor D

ESPITE the country’s high economic growth, more Filipinos considered themselves poor as the year 2012 ended, results of the latest Social Weather Stations (SWS) survey showed.

A SWS survey conducted on Dec. 8-11 showed that 54% of the respondents, equivalent to 10.9 million households, claiming to be poor. The result is up seven points from August’s 47% (estimated 9.5 million families) and also higher than the 52% average for 2012.

The December figure is still well below the record 74% hit in July 1985 dur-

ing the final years of the Marcos dictatorship, but is substantially greater than the official poverty rate of 26.5% (equivalent to 23.14 million individuals) as of 2009.

The survey results also showed that households claiming they were poor in terms of food rose to 44% (8.9 million families) from pinoys/PAGE 10

Villar Foundation, DZRH lead Manila Bay clean up drive FORMER Las Pinas Rep. Cynthia Villar on Saturday led the clean-up drive at Manila Bay in the Las Piñas-Parañaque Critical Habitat & Eco-Tourism Area or LPPCHEA where

Road project

PROGRESS here will soon be visible with the construction of basic infrastructures like roads. Concreting of roads in Madamba and Bayang sections in Lanao del Sur province is expected to begin soon after acting governor Mujiv Hataman on Thursday inked a multimillion infrastructure project that targets concreting of these roads.

The road project has an approved contract budget of P23, 317,970.27 which would build the roads connecting the towns of Ganassi to Tubod and Masiu to Ganassi.

The deal estimates to cover at least one kilometer of the national road in the said province.

“This is the fourth contract inked with prior deals for vehicle and equipment generated from savings through our Equipment Procurement Program,” Emil K. Sadain, engineer and secretary of the region’s Department of Public Works and Highways (DPWH).

Now

some 1,500 sacks of garbage were collected by thousands of volunteers.

Villar, also managing director of Villar Foundation, underscored the need villar/PAGE 10

A child scours over mountains of garbage unaware of the risk it poses to her health.

More Filipinos claim life is more difficult last year than the previous year. This is despite the government’s touted economic growth posted in 2012. photo by mio cade

Former Las Piñas Rep. Cynthia Villar, chair of the Villar Foundation, leads hundreds of volunteers in a clean-up drive along Manila Bay. advertorial

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776

2

Wednesday - Thursday I Jan. 16-17, 2013

Economy

BusinessWeek M I N DA N A O

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

PH jumps 10 notches in ranking of countries with freest economies MALACANANG on Monday lauded the Philippines’ improvement in the Heritage Foundation’s 2013 Index of Economic Freedom as the country jumped 10 notches in ranking.

“The Philippines jumped 10 notches in ranking, making our economy the 97th freest in the world with an Economic Freedom Score of 58.2 in contrast to last year’s ranking of 107th with a score of 57.1,” said Presidential Spokesman Edwin Lacierda.

Among Southeast Asian

nations, Lacierda said, the Philippines recorded the highest score improvement of 1.1 points -- “a trend of continuous growth over the past two years, bringing our country even closer to the world average score of 59.6 and above the Asia-Pacific regional average of 57.4.”

In its 2013 Index of

Economic Freedom, t he Washington-based Heritage Foundation said the Philippines’ economic freedom ranking in 2013 is the highest since 2006 when the country ranked 96th.

In the Asia-Pacific region, the Philippines ranked 17th out of 41 countries even as its overall score was slightly below the world average.

The report noted the countr y’s improvements in investment freedom and freedom from corruption,

outweighing a decline in business freedom, labor freedom and monetary freedom.

“Although the perceived level of corruption has declined in recent years, more effective anti-corruption measures need to be institutionalized,” the Heritage Foundation said.

The Washington-based think tank also cited the Philippine economy, which has been on a steady path of expansion, growing at an average annual rate above 4.5 percent over the past five years.

“The government has pursued a series of legislative reforms to enhance the

entrepreneurial environment and develop a stronger private sector to generate broader-based job growth,” it said.

According to the foundation’s index, the top 10 freest economies are Hong Kong, Singapore, Australia, New Zealand, Switzerland, Canada, Chile, Mauritius, Denmark and the United States.

In Southeast Asia, the Philippines trailed Malaysia (56th) and Thailand (61st), but was ahead of Indonesia (108th) and Vietnam (140th).

Lacierda said the Aquino administration was “encouraged” with the country’s improvement in the Heritage

Foundation’s 2013 Index of Economic Freedom.

“This prominent international evaluation shows continued improvement in the business of governing our country. We take this as an affirmation of the goals we have set out to achieve and a recognition of how far we have gone to realize the potentials of our people and country,” he noted.

“L eg islat ive refor ms pursued by t he Aquino administration were also noted which are seen to enhance the entrepreneurial environment and develop a stronger private sector to generate broader-based job growth,” he added.

Taguibo River declared as quality management area THE TAGUIBO River in Agusan del Norte has been declared as a water quality management area (WQMA), placing it under the protection of the Department of Environment and Natural Resources (DENR) against pollution, a statement released on Sunday showed.

Environment Secretary Ramon P. Paje has recently signed an administrative

order designating another important river system in Mindanao as (WQMA) pursuant to Republic Act 9275 or the Philippine Clean Water Act of 2004.

The declaration of Taguibo River as a WQMA brings the total number of protected water systems in the country to eight.

Other WQMAs include t he Sinoca la n-Dag upa n

River System in Pangasinan; the Marilao-MeycauayanObando River System and areas within the Laguna Lake Development Authority’s jurisdiction in Luzon; The Tigum-Aganan Watershed and the Iloilo-Batiano river systems in Visayas; and the Silway River and the Sarangani Bay in Mindanao.

Mr. Paje said the governdeclared/PAGE 8

2 POs get multi-million funds 0917-7154399 088-856-8562/63

AMENITIES : ZORBIT * ATV * TREE TOP ADVENTURE BUGGY * BUNGEE * PICNIC GROUNDS PLAYGROUND * CAFE * LUGE * MINI GOLF ROOM ACCOMODATIONS

AGUSAN del Norte -- Two people’s organizations in the province received more

than P6 million in livelihood funds from the Department of Agriculture’s Mindanao

Rural Development Program (MRDP)-Community Fund for Agricultural Development (CFAD).

The funds were turned over to the San Agustin Fisherfolk Organization, Inc. (SAFOI) based in Carmen town for its project worth P4 million pesos and San Vicente Farmers & Fisherfolk Association (SVFFAI) in the municipality of Jabonga for its P2 million-peso project Sixty percent of the funds came from the World Bank, 20% from the national government through the DA and 20% from the provincial government.

SAFOI will venture into Bangus mariculture in Barangay San Agustin, an area suited for fish culture. The project aims to produce premium quality bangus (milkfish) and expected to address the decline of fish production in Agusan del Norte. Study shows that Caraga region is not self-sufficient in fresh fish which supply and demand gap in the previous years was provided by fish cars from provinces like General Santos and Zamboanga.

SVFFAI, on the other hand, will venture into squid processing and marketing.

Residents of Barangay San Vicente, which is one of the coastal barangays of Jabonga, are into fishing and farming.

Catching squid is the main activity of fisherfolk makFunds/PAGE 8

BusinessWeek M I N DA N A O

YOUR LOCAL ONLINE BUSINESS PAPER

Motoring

Wednesday - Thursday I Jan. 16-17, 2013

www.businessweekmindanao.com

3

KIA Motors forecasts modest growth for 2013 KIA MOTORS Philippines Corp. posted a significant increase in sales in 2012 as it is adopting a more conservative outlook for this year, an official told reporters last week.

IPC President Ryoji Yamazaki (right) turns over an Isuzu D-Max 4x4 to World Vision Philippines Executive Director Elnora Bailen-Avarientos.

Isuzu Philippines ends 2012 with meaningful social project IN a year that has seen robust growth for the company and significant contributions to the rise of the domestic automotive industry, Isuzu Philippines Corp. (IPC) capped a successful 2012 with a meaningful corporate social responsibility initiative that has benefited less privileged Filipinos, as well as help ensure assistance for those who need it in the future.

IPC, which marked its

15th inaugural anniversary in 2012, turned over an Isuzu D-Max 4x4 to World Vision Philippines in late December.

The international advocacy organization had first sought IPC’s assistance in various relief and relocation efforts for more than 10,000 families that were affected by the calamity caused by the recent southwest monsoon habagat. They needed tough and capable vehicles for its numerous emergency-re-

sponse missions during the aftermath of the tragedy. IPC saw this as an excellent opportunity to help in its own way the victims of habagat by lending out D-Max 4x4 pickups, which were used to safely and ably transport people and relief goods.

But IPC deemed it only proper to take the assistance a step further, and donated to World Vision one unit of the D-Max 4x4 pickup.

Isuzu/PAGE 10

“We ended 2012 with 7,570 units with the bulk of sales coming from the Rio and the Sportage. This is a 44% increase from 2011,” said Palermo C. Soriano, KIA Motors marketing services head in an interview at the sidelines of the company’s thanksgiving party.

KIA sees a robust performance prevailing for the succeeding years until 2016, he added.

For 2013, the company is taking a cautious stand as several factors could have an impact on the market.

“We are looking at a

modest growth of 10% to 15% in 2013. We are cautious for the year due to the volatility of the automotive market since the slightest event can impact it, although everything is looking up,” said Mr. Soriano.

The f irm is hoping its sales for 2013 will be buoyed by the release of new models such as the Optima hybrid next month and the all-new Carens in the middle of the year.

The Optima hybrid will cater to the “green” market as it runs on al-

ternative fuel although KIA will only be importing about 10 to 15 units a month.

The Carens has been launched in the European market.

Another model, the Forte, is also being considered for release.

The company is in the middle of rationalizing its dealership network to provide more services to customers. Dealerships that feature only a sales desk will be merged with those that offer parts and services.

It current ly has 40 dealerships across the country but this will be pared to 35 which Mr. Soriano said is “ideal for the volume we have.”

4

Wednesday - Thursday I Jan. 16-17, 2013

Corporate . World BusinessWeek M I N DA N A O

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

govt funding Billions needed to rehab banana Australia research on vegetable plantations destroyed by typhoon movement from Mindanao CLOSE to one fifth of standing bananas in Mindanao were destroyed by typhoon Pablo last month that will cost at least Php

7 billion and take up to 12 months to rehabilitate.

This was contained in the brief report made this week to the PHILEXPORT

FOR YOUR ADVERTISEMENTS PLACEMENTS CONTACT

News and Features by the Pilipino Banana Growers & Exporters Association (PBGEA) based in Davao City.

The banana growers said that a total of 14,176 hectares of banana plantations, mostly located in Compostela Valley Province hardest hit by the cyclone early December. Some reports were not yet in.

Hardest hit were those owned by small growers totaling 9,020 hectares plus corporate farms with 5,166 hectares of Cavendish bananas destroyed.

The whole of Mindanao is host to 80,000 hectares of banana plantations, making the crop one of the country’s top fruit export, second only to pineapple.

Third largest is Philippine mango.

PBGEA estimated that potential revenue losses of the banana planters in terms of lost harvests for this year was put at Php 8 billion. Seen not to be delivered as a result of the typhoon this year were close to 50 million boxes of raw bananas at US $4 per box.

It was a big blow to one of the few export industries that defied the global trade slowdown last year to make up for the decline of the country’s manufactured exports for the whole of 2012 and keep Philippine total exports on the growth path in a very difficult year.

Industry leaders doubted if the industry could recover fast enough to sustain double-digit growth this year.

Bananas and other typhoon sensitive crops found home in Mindanao during the past century due to its reputation of being the only typhoon-free part of the country.

In the past two years, however, typhoons began hitting the region, first in Northern Mindanao centered at Cagayan de Oro City and only last December, Compostela Valley.

Unused to typhoons, the region saw the death of thousands of people, heavy losses of properties including homes, livestocks and crops. -- Abe P. Belena, PHILEXPORT News and Features.

Two reports on the results of a research on transport issues affecting the movement of vegetables from Mindanao will soon be released.

The reports contain the findings of a research titled “Transport Policy Study Promoting Efficiency and Productivity of Flow of Goods: A Focus on the Transportation Needs of Mindanao Region” funded by the Australian Centre for International Agricultural Research (ACIAR).

The published reports are expected to be available for distribution to the public early this year, according to the Philippine government-hosted Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA).

Implemented by SEARCA headed by Director Gil C. Saguiguit, Jr., the project is part of ACIAR’s economic research on enhanced profitability of selected vegetable and fruit value chains in Southern Philippines and Australia.

SEARCA reported that the findings of the micro analysis that looked into the bottlenecks in the transport system (road and port networks) for selected vegetables and fruits have resulted in policy directions and development approaches that would provide greater incentives for Mindanao to improve the quality and quantity of its agricultural products.

The findings are also expected to bring about expansion of Mindanao’s trade to meet the perceived growing market demand within and outside the island.

Started in August 2010, the transport policy study analyzed the marketing flow of selected agricultural products and the factors that contribute to the trade-related problems facing the key players in the supply chain, particularly the high cost of transportation and logistics, as they are influenced by government regulations and investment programs.

“Specifically, fruits such as papaya and vegetables such as tomato and lettuce coming from Mindanao were covered in the study to focus on the importance of improving the transport infrastructure in Mindanao,” said Dr. Bessie M. Burgos, SEARCA Actg Program Head for Research and Devt..

The study was conceptualized following the 2007 “SEARCA-ACIAR Workshop on Rural Development Initiatives and the Philippine Policy Environment: What is the Real Score?”

During the workshop, transport and shipping services were identified as among the key factors affecting the marketing and trade of fruits and vegetables in Mindanao, regarded as the food basket of the Philippines.

BusinessWeek M I N DA N A O

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Banking & Finance

Wednesday - Thursday I Jan. 16-17, 2013

5

BSP probes liability of banks in Aman fiasco

THE CENTRAL bank is reviewing whether banks committed anti-money laundering lapses in the alleged pyramid scam orchestrated by the Aman Futures Group Philippines, Inc.

THEY WANT THEIR MONEY BACK. More than 8,000 victims of Aman Futures doubleyour-money scam in Pagadian City troop to the NBI office to file complaints for the recovery of their money. photo by richel v. ume

Bangko Sentral grants relief to banks struck by ‘Quinta’ THE Bangko Sentral ng Pilipinas is granting regulatory relief to banks affected by Tropical Storm Quinta on December 26, 2012, a statement posted on its web site said.

T he BSP’s Moneta r y Board approved on January 3 temporary relief measures for banks located in the provinces of Palawan, Ori-

ental Mindoro, Albay, Camarines Norte, Camarines Sur, Sorsogon, Masbate, Iloilo, Negros Occidental, Aklan, Capiz, Cebu and Leyte.

For thirft/rural or cooperative banks, measures include the reduction of the 5-percent general loan loss provision to 1 percent for restructured loans of borrowers, excluding existing loans

from the computation of past due ratios, non-imposition of penalties on legal reserves deficiencies, non-imposition of monetary penalties for delays in submission of supervisory reports, a moratorium on monthly payments due to the BSP for those undergoing rehabilitation and subject to BSP approval, and the Grants/PAGE 10

Asked if the Bangko Sentral ng Pilipinas (BSP) is looking into whether banks were involved in the Aman Futures controversy or if they complied with antimoney laundering rules, BSP Deputy Governor Nestor A. Espenilla, Jr. said in a text message last week: “We are already looking into it. I’m just not at liberty to discuss specifics.”

The Aman Futures scandal exploded last October after the firm was accused of fleecing some 15,000 investors of as much as P12 billion.

Aman Futures had promised its investors -- mostly farmers, fisherfolk, government employees, market vendors and the like -- a 30-40% return on investment within eight days and a 50-80% return after 18 to 20 days.

The company, which operated mostly in Pagadian City, Zamboanga del Sur, had told its clients the profit would come from a deal with Malaysian brokerage firm Okachi (Malaysia) Sdn. Bhd., which was supposedly

engaged in futures trading of commodities such as oil, manganese, palm oil and nickel.

It turned out, though, that early investors were allegedly being paid using the contributions of new clients. The scam crumbled when Aman Futures ran out of money to pay its stable of customers the promised yields.

Aman Futures founder Manuel K. Amalilio has since fled the country when his offices were shut down last September. Intelligence reports place him in Kota Kinabalu and the Justice department has assured that talks were ongoing with Malaysia to secure the suspect.

Charges of syndicated estafa were filed against seven incorporators of the company last week, followed by arrest warrants.

In November, the Court of Appeals issued a 20-day freeze order on all bank accounts and finance companies linked to Aman Futures.

It was extended by six months in December. Banks complied with the freeze order,

the Justice department said, but it did not disclose the contested amount of assets.

For its part, the BSP implements strict guidelines against “dirty” money or money that comes from unlawful activity, such as sale of illegal drugs, kidnap for ransom, graft and corrupt practices, robbery and extortion, illegal gambling and fraud, among others.

Under Circular No. 706, all banks are mandated to know their customers at all times to “prevent suspicious individuals or entities from opening or maintaining an account or transacting with the institution.”

They must also identify, assess, monitor and control risks related to money laundering and comply with the Anti-Money Laundering Act. Any transaction in excess of P500,000 within one banking day must be reported to the Anti-Money Laundering Council within 10 working days from their occurrence.

Banks must also report suspicious transactions, regardless of the amount involved, such as when the client is not properly identified or the transaction deviates from the client’s track record. Other circumbanks/PAGE 8

6

Wednesday-Thursday I Jan. 16-17, 2013

Opinion

BusinessWeek M I N DA N A O

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

BusinessWeek M I N DA N A O

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Advertising and Promotions every Monday, Wednesday and Friday of the week with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Department of Trade and Industry (DTI), Region 10 with Certificate No. 00875701, and with Business Permit No. 2010-5698, TIN No. 946-396-807 – Non VAT. Tel. Nos.: (088)8578447, 74-5380, 0923-432-0687, 0917-7121424

Website: www.businessweekmindanao.com

E-mail : businessweekmindanao@gmail.com DANTE M. SUDARIA Publisher ROSE MARY D. SUDARIA Manager

allan mediante

NELSON CONSTANTINO Editor-in-Chief Dolly pelone Advertising

executive Editor

FELIX SANTILLAN RONALD B. MASTAIL Layout Artists

JOE DEL PUERTO FELICILDA Uriel C. Quilinguing Editorial Consultants

RIZA O. ARES LIEZL A. DELOSO JOE PALABAO Rene Michael BaÑos

ATTY. MARIO T. JUNI atty. roberto a. cantago jr.

Marketing Consultants Legal Counsels 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.

Reflections THE moment has come to once again re-evaluate our selves and ask the perennial question every December , “ What have I achieved this year?”

Too often, at the end of the road we look back and gaze the path whence we came.

Few will be victorious and many will succumb to perennial justifications and pathetic excuses of how they drifted away from the commitment to change at the start of the year. This has been a vicious cycle and obviously we tolerate it upon ourselves.

We are always excited to start yet deliberately slow down and make a sudden stop before reaching our desired goals.

Deep in our hearts we feel the pain and agony of not doing the things we should have done, not saying the words that should have been said, and not being sincere enough to change for the best. Why the overwhelming inaction?

I believe that many of us have remained to be in this self-debilitating situation and a lot can only wish to get out from this inner prison.

This prison which stagnates us and takes away our life’s worthwhile goals is a result of constant putting off of lofty endeavors and actions until it’s too late.

This I believe is the source of most pains and regrets… procrastination.

Procrastination comes from the Latin “pro” which means “forth, or forward”,

Rubrics of Life

Wishing Life Away THINK a minute…

Do you wish you were somewhere else right now?

At the beach? Away on a nice holiday? At Disneyland?

Many of us spend a lot of our time wishing we were somewhere else. When we’re at work we wish we were home relaxing. We wish we had a different job and career or a different boss. We wish we were rich.

But we can wish our life away. The simple fact is we’re not somewhere else, we’re right here!

Meantime, life is passing us by while we spend our time making retirement plans.

Then, even if we finally get something we wished for,

we still keep wishing for something more because it’s become our state of mind— always wishing for something else. So we don’t even enjoy the things we already do have.

So don’t wait until you’re not too busy before you get close to your kids. Enjoy them now. They’ll never be this age again.

Don’t wait until you buy or build that new house or until you make more money. And don’t wait until you retire, because then you might be too tired! You see, each day is made to have its own special experiences and memories of fun, love, and lessons to learn. So grab and squeeze

every bit of life you can out of today, because this day will never come back again!

A very successful woman said, “Do your best this moment, so you can be prepared and in the best place for your next moment and opportunity.”

That’s why Jesus promises all His followers that if we are faithful and productive with our small responsibilities now, then He will bless us with bigger opportunities later.

But first, we must decide to start living for Jesus His successful, right way every day of our life. So why not ask Jesus to forgive you for living your own way and always

and “crastinus”, meaning “tomorrow.”

The Oxford dictionary defines it as “deferring or delaying action, intentionally or habitually.” It is clear that if all can vanquish this dreaded virus that seem to replace our inherent habits then eventually we will all be lightyears ahead of our goals and aspirations.

Yet, the simple spark of urgency and prompt action could be a herculean task for someone who has been imprisoned by this psychological paradigm of procrastination.

Here are some simple ideas which will improve our chances of moving to the next level in life instead of just being stuck in the starting line; Firstly, you should have a list of goals that needs to be achieved and prioritize them according to urgency.

Once you have identified the most urgent, clear your mind from the rest of the pepino/PAGE 11

JHAN TIAFAU HURST

wishing you had more? Jesus will take charge of your life and help you to fully enjoy what you already have, as well as all the more that He wants to give you.

Just think a minute…

The story of Philippine money EVERY Filipino who knows his history is aware of the importance of June 12 and its vital role in shaping the Philippine post-colonial consciousness.

On this date, we recall our shared experiences as a people, and how we battled with forces — both external and internal — to reach this point in our history.

When we celebrated our year of independence, we were again given the chance to ref lect on our historic past — a past that will indeed determine the kind of future we will have as a country. There are many ways of looking at our history and many resources from which we can examine it. The most popular, of course, are history books.

However, there is a more common resource — which sadly, most of us take for

granted, save for its important role in our daily lives and in our economy.

I am referring to none other than Philippine money.

As the Bangko Sentral ng Pilipinas points out, Philippine money is more than just a medium of exchange; it is a celebration of the Filipino.

The BSP further describes Philippine money as multicolored threads woven into the fabric of our social, political, and economic life.

According to our central monetary authority, the evolution of Philippine money began way back in the preHispanic era when trade among early Filipinos was conducted through barter, or the exchange of goods and services without using money.

The inconvenience of barter later led to the creation of objects that were

used as the new medium of exchange. The BSP said that gold, then abundant in many parts of the country, was used as component of these objects — which included gold barter rings and piloncitos, or small beadlike gold bits considered by local numismatists as the earliest coin of the ancient Filipinos.

Then came three centuries of Spanish rule which left a lasting inf luence on Philippine currency.

The BSP said that at the end of the Spanish regime, Philippine money was a multiplicity of currencies that included Mexican pesos, Alfonsino pesos, and copper coins of other currencies.

The earliest coins brought in by Mexican galleons and galleons from other Spanish colonies were called cobs or macuquinas of colonial mints. The silver dos mundos

Piety for our times erwin l. pepino

Think a minute

PIETY is, of course, an indispensable virtue, because whether we like it or not, or are aware of it or not, we live it in one form or another. At least, we become aware of the seeds of piety early in life.

That’s because we are always in need to relate ourselves to someone superior to us—be it our parents, our elders, and ultimately, God, regardless of how we think about him.

It’s possible, though, that at a later time and usually after many disappointing experiences, one may just have piety with his own self, since he only believes in himself. Let’s not talk about this possibility. Let’s just focus on what we normally—at least as of this time—think of piety.

With the increasing pace of modern life, with its fascination for technology and values like pragmatism, etc., it’s crucial that we take a close, serious look at our responsibility to develop piety toward God. This is becoming an urgent necessity, since many now are the factors that tend

to snuff out our sense of piety. The many concerns and pressures we meet everyday have an effective desensitizing effect on piety.

This is not to mention that especially in our very complicated times, we also meet a lot of puzzles and contradictions that erode our faith and piety in a supreme being that is supposed to be supernatural, all wise and all powerful.

It’s a predicament that actually has been experienced since time immemorial. The Bible, from the Old Testament to the New, is full of such stories. We start to question, then doubt, and can even fall into unbelief, once our expectations and understanding of things seem to be consistently contradicted.

Why do evil men enjoy success and the good ones suffer? Why are those who try to pray and lead a moral, saintly life, usually end up poor, maltreated, etc., while those who seem carefree spiritually and morally appear to have a good time?

It’s situations like these

that actually call, yes, even demand a genuine, deeplyembedded piety, rather than lead us to despair and bitterness. It really depends on us on how to react to these predicaments.

We just need to realize that as much as possible we should not allow the many disappointments and contradictions in life or our intoxicating successes to simply play upon our senses and reasoning that can only absorb things to a certain point.

They should be handled by our faith, with its corresponding piety, that allows us, with God ’s grace, to accept and somehow understand whatever can happen to us in this life.

With faith and piety, we allow God, more than our own devices, to guide us through any situation we may find ourselves in, good or bad, big or small.

This is a point that we need to understand well. Very often, our understanding of piety veers more toward something human than divine. It’s a joint effort, of

Speaking out

IGNACIO BUNYE

or pillar dollar is regarded as among the world’s most beautiful coins.

The barilla, a crude bronze or copper coin worth about one centavo, was the first coin minted in the country.

There were also coins from other Spanish colonies that reached our country and were counterstamped.

Gold coins with the porBUNYE/PAGE 11

Hints and traces

FR. ROY CIMAGALA

course, but with God making the initiative and us corresponding to it as best we can.

We have to let go of the attitude, often unspoken, that makes us the main actor of piety. Toward piety, our attitude should first of all be that of obedience, docility, submission, before it can be something active and fruitful.

Pope Benedict, in his Porta Fidei that declares the Year of Faith we are in now, says: “To the extent that he freely cooperates, man’s thoughts and affections, mentality and conduct are cimagala/PAGE 11

BusinessWeek M I N DA N A O

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Wednesday-Thursday I Jan. 16-17, 2013

7

8

Wednesday-Thursday I Jan. 16-17, 2013

Aggie News

BusinessWeek M I N DA N A O

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

DA asks additional P1.6-B for typhoon ‘Pablo’ rehab plan THE Department of Agriculture (DA) on Tuesday proposed an additional budget of P1.6 billion for the rehabilitation of typhoonravaged agricultural areas in Davao Region.

Agriculture Assistant Secretar y for Operations Dante Delima said the DA, including its attached agencies, has already in its disposal a total of P235 million.

This was based on the outcome of the meeting of the Quick Response Team, the group that was tasked to assess the actual damage and formulate the rehabilitation plans for the devastation wrought by super typhoon Pablo.

“However, an additional P1.6 billion is still needed to complete the

rehabi litation operations,” de Lima said.

An estimated total amount of P155 million in the form of palay and corn seeds, fruit trees and coconut planting materia ls, farm tools and equipment, among others, have already been turned-over to different farmers’ groups in t he t y phoon-ravaged areas, as part of the government’s efforts as of January 8 this year.

A total of 15, 900 bags of certified palay seeds were souced from other rice producing provinces

in Region VIII, 10, 11, 12 and 13 and have already been delivered to affected areas, Delima added.

For corn, only a percentage of the needed 16,520 bags of open pollinated variety (OPV) seeds have been delivered due to bad weather condition. Also, planting areas are still filled with fallen coconut trees.

Of the proposed P1.6 billion additional budget, DA plans to allocate P112 million for rice; P91 million for corn; around P32 million for high value crops; P134 million for livestock; around P726 million for the repair of irrigation systems through

Declared...

cies, Non-government Organizations (NGOs), water utility sector and business sector. The said board will be chaired by the regional d i rec tor of t he DEN R’s Environment Management Bureau (EMB).

The board w il l be in charge of monitoring the area. It is also tasked to review the WQMA action pla n, a pla n conta i ni ng proposed sewera ge a nd septage system, water pollution control strategies and water quality information a nd educat ion prog ra m among others.

The board can also forward the names of establishments or individuals who pollute the river to the EMB and the Pollution

Adjudication Board (PAB).

Another responsibility of the board is to determine what set of measures can be applied in order to improve water quality. “ T he de sig nat ion of Taguibo River in Agusan del Norte as WQMA signif ies t he govern ment ’s commitment to providing clean water which is a basic right of every Filipino,” Mr. Paje said, adding that the declaration of various areas as WQMAs is an important provision of the CWA which states that the state should protect, preserve and revive the quality of the country’s bodies of water.

The Taguibo R iver is t he ma i n sou rce of potable water for the towns of

from page 2

ment aims to double the number of WQMAs in the coming months.

“I want to double the number of WQMAs in the cou nt r y,” M r. Paje sa id in a telephone interview yesterday when asked how many more bodies of water will be declared as WQMAs this 2013.

The Clean Water Act (CWA) gives the DENR the power to declare certain areas as WQMAs. It also states t hat t he decla red areas will be managed by a Board composed of representat ives f rom Loca l Government Units (LGUs), national government agen-

the National Irrigation Authority.

The Fiber Industry Development Authority will set aside P30 million for abaca; the Philippine Coconut Authority, P337 million for coconut; the Bureau of Fisheries and Aquatic Resources, P29 million for fishery interventions; Bureau of Plant Industry, one mil lion; and t he Agricultural Training Institute, P322,500.

Pablo total damages reached more than P30 billion, with Compostela Valley bearing the brunt with damages pegged at P13 billion, followed by Davao Oriental at P10 billion, Davao del Norte at P6 billion. Davao del Magallanes and Remedios T. Romualdez as well as Butuan City in Agusan del Norte. Water from the river is also used for agricultural crops and aquaculture. “ The river is a lready threatened by small-scale mining activities,” Mr. Paje said, “and the declaration of the river as a WQMA will enable the different LGUs and the EMB to prevent the river from becoming further polluted.”

Funds... from page 2

ing the project very suitable in the area. Funds will be utilized particularly in the construction of a village level squid

ADVERTISE NOW!!!

BEST PACKAGE RATE OFFER

Classified Ads

for on ALL our Four Newspapers for the PRICE of ONE! CONTACT US NOW! • email : businessweekmindanao@gmail.com 0917-7121424 • 0947-8935776 • 856-3344 •72-33-44 Read us online. What you see in print is exactly the same online!

www.businessweekmindanao.com

Sur and Davao City suffered minimal losses.

Aside from ravaging a total of 18,000 hectares (has) of rice and around 16,000 has of corn areas valued at over P196 million and P362 million, respectively, the super typhoon also damaged over 109 hectares of coconut trees with an estimated value of more than P7 billion, around 14,000 hectares of Cavendish banana plantation val-

ued at P9.17 billion, over 23,000 hectares of cardaba farms valued at eight billion, 7,000 hectares of rubber plantation estimated at P330 million, over P326 million-worth of livestock and poultry, more than P53 million damages to f isheries, and irrigation facilities servicing more than 13 million hectares of rice farms, estimated at over P828 million, among others. (PNA)

processing building, procurement of a mechanical dryer, and purchase and installation of a Modified Multi-Commodity Solar Tunnel Dryer.

Its study shows that there is a limited supply of dried squid in the market due to the unavailability of commercial scale processing f irm in t he locality. Its target markets are wholesale buyers of the cities of Cabadbaran, Davao, Cagayan de Oro and Butuan.

CFA D is a mong t he four major components of the Mindanao Rural Development Program of DA. It was conceptualized as a poverty program for the rural poor, prioritizing the disadvantaged and vulnerable groups such as Indigenous Peoples (IPs), fisherfolks and womenhe ade d hou s ehold s a s beneficiaries among the communities’ rural poor population.

Among the many proponents, t he t wo PO’s were chosen by the provincial government after a comprehensive evaluation of the proposals and the suitability of the area.

Speaking before members of the organizations, SP Committee on Agriculture Chairman, Hon. Rey G. Jamboy, encouraged the beneficiaries to be united to bring about change in their community by being successful in this new-found endeavor.

With this f inancial assistance, he hopes to ad-

dress the diverse needs and investment priorities of rural poor communities, as well as provide poor households the opportunities for food security and increased income from agriculture and f isher y production projects.

For his part, Governor Erlpe John M. Ama nte vows to be an aggressive partner with people groups in the province in the realization of their dreams.

Another people’s group based in the municipality of Buenavista that would venture into rice production is also set to receive funds.

Banks... from page 5

stances include money that is “not commensurate with the business or financial capacity of the client” or has “no underlying legal or trade obligation, purpose or economic justification.”

These rules cover not just banks, but a host of other entities: of fshore ba n k i ng u n it s , qu a sibanks, trust entities, nonstock sav ings and loan associations, pawnshops, foreign exchange dealers, money changers remittance agents and electronic money issuers.

The cent ra l ba n k is considering st ronger anti-money laundering guidelines in light of the controversies abroad as drug cartels in the United States were able to hide their money in various banks, primarily in HSBC Holdings Plc. “Know-your-customer” processes will be tightened, Mr. Espenilla said earlier, and banks will be required to build up profiles of their clients and validate that information regularly.

M I N DA N A O

BusinessWeek M I N DA N A O

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Classified Ads for R

ENT

088-855-1945 0918-979-3130 0922-865-9063

ADDRESS: 003 Guijo Street Baloy

Cagayan de Oro City MDN: Aug 17, 2012-Feb 17, 2013

EMAIL ADDRESS: zjabao@ymail.com

Wednesday-Tuesday I-Jan. 16-17, 2013

FOR RENT

9

CASA AZZURRI OFFICE SPACE (2nd Floor) Contact Nos.:

857 3995 / 09177009435

A. Velez St. Fronting Eastwest Bank Velez MDN: DEC. 17, 2012-JAN. 17, 2013

FOR SALE

MITSUBISHI DELICA (VAN)

BRAND NEW 28” TIRES (MAGS) FRESH PAINT/ NEW MATTING NEW SET COVER/ TAINTED WINDSHIELD/ DUAL AIRCON/ 4X4 Contact:

ALBERT O. REDIRA

ZONE 9 CUGMAN CDO 09206771674 / 8806297 MDN: DEC. 18, 2012-JAN.17, 2013

KIMBERLITE PAWNSHOP MALAYBALAY BRANCH

Kimberlite Pawnshop will be having an AUCTION SALE on all items that expired on November 2012 AUCTION DATE: january 22, 2013 Estrada Bldg., Fortich-Don Carlos Sts., Malaybalay City, Bukidnon

Pryce Plaza Hotel Carmen Hill, CDO, Tel. No.722791 to93/858-4537 E-mail:reservations@pryceplaza.ph

---------------------------------

The Marigold Hotel Velez cor. Luna Sts, CDO Tel Nos. 856-4320, 856-2050, 726937 E-mail: info@marigoldhotel.net

---------------------------------

CHANANTHON BED & BREAK FAST CM Recto Avenue, Cagayan de Oro City Tel. #: 856-81-89 / 309-3095 / 231-2103 Email ad : chananthonbb@yahoo.com Room @ P800.00

---------------------------------

NEW DAWN PENSIONNE Velez-Macahambus Sts, CDO Tel Nos. 8571776, 721776 email : gchreservation@yahoo.com

10

BusinessWeek M I N DA N A O

Wednesday-Thursday I Jan. 16-17, 2013

Villar... from page 1

to clean our environment to prevent flooding.

“Protection of the environment will save us from disasters and calamities.

Calamities are added burden to us. It can make one poorer because all efforts would be futile if properties acquired through hard labor will only be destroyed by floods and other calamities,” explained Villar.

To avert occurrence of this worst scenario, Villar cited the need to clean our rivers, our creeks and other bodies of water especially Manila Bay. She said the LPPCHEA, also called Freedom Island, which is accessible from the Coastal Road, is a very important area for the nearby cities of Las Pinas and Paranaque and some municipalities of Cavite to prevent flooding.

“All our waters go here, said Villar who served as Las Pinas City congresswoman for three terms or nine consecutive years.

She said, regularly cleaning Manila Bay of tons of garbage and other debris is in consonance with the foundation’s partnership with radio DZRH.

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

This year’s clean-up drive has for its theme, “Makabagong Bayanihan Manila Bay Clean Up”.

The Villar Foundation had inked a Memorandum of Agreement (MoA) with Manila Broadcasting Company (MBC) represented by radio station DZRH in its Manila Bay Cleanup drive.

“The Villar Foundation and DZRH agree that this is not only a joint cooperative undertaking, but more importantly, it is a major public service activity that would help contribute to the promotion of a livable, healthier and ecological sustainable Manila Bay,” read the MoA. The Villar Foundation together with students and other volunteers also conduct weekly cleanups. “The more partners we work with, the better it will be for the environment,” she said.

In cleaning Manila Bay, Vi l la r was joined by at least 1,000 volunteers from schools, barangays, NGOs, socio-civic organizations, and other private individuals and groups.

“We are pleased with the improvement that we are seeing at LPPCHEA. The number of truckloads of garbage that we are getting here has considerably

The Capitol University Glee Club emerged victorious in the Open Category of the 2012 Manila Broadcasting Company National Choral Competition held at the Aliw Theatre in Pasay City last December 7, 2012. The Capitol University is the first choral group from Mindanao to have won the grand championship.

The annual competition, sponsored by Asia’s largest radio network, was participated in by choral groups from all over the Philippines. After regional eliminations, only 29 choirs qualified to compete in the semifinals.

The following are the CU Glee Club Members who participated in the MBC Competition led by Choir Master Ritchie Asibal and Assistant Conductor Lara Grace Ruiz: Soprano: Carmela Crisostomo, Donna Jane Galola, Mary Joy Pabualan, Alrose Jane Salva, Claire Hazel Georf Tarre; Alto: Jane Marie Agnes Perez, Shaneen Pearl Senara, Zeresh Soldevilla; Tenor: Shalimar abago, Aedrianne Dwin Bontuyan, Joey Lecera; Bass: Zoreen Alon, ronald Baa, Erico Bagsican, Jeson Buynay, Michael Joseph Penas, Ralph Ramos, Gabriel Tatlonghari.

decreased. We attribute that to our consistent cleanup efforts,” she said.

Villar has been vocal about her strong support for the protection of Manila Bay. Last March 16, 2012, she filed a petition for Writ of Kalikasan against a Manila

Bay reclamation project that is seen to cause catastrophic f looding in the area. The Supreme Court granted her petition and issued a writ of kalikasan on April 10.

“We will continue to support campaigns or drives to protect Manila Bay and neighboring areas includ-

ing LPPCHEA. Moreover, we will continue to oppose projects t hat w i l l cause damage and destruction to the bay and nearby cities,” cited Villar. If carried out, the Manila Bay reclamation project that Villar is opposing is seen to cause severe flooding in numerous

barangays: 11 in Parañaque, 37 in Bacoor and 17 in Las Piñas.

For more details about the projects and programs of the Villar Foundation, please visit its websitewww.villarfoundation.org or follow its Twitter account www.twitter. com/VFoundationInc

Pinoys...

To determine self-rated poverty, respondents from across the nation were asked to state where their families’ incomes fall: not poor, poor, or the borderline.

Self-rated poverty was the highest in Mindanao at 72% in December, and an average of 67% for the whole of 2012.

Metro Manila saw the lowest rates at 42% in December, and an average of 41% in 2012.

In explaining the rise in poverty and the decline in hunger, the SWS said the number of those who claimed to have experienced having nothing to eat had dropped among both the poor and the

not-poor.

“At any one point in time, hunger is always greater among the poor than among the non-poor. Over any two points in time, the hunger rates of both the poor and the non-poor often change markedly,” it said.—Wire Reports

Corp.’s donation of an Isuzu D-Max 4x4 pickup is also a token of appreciation to World Vision for being a new partner in the Tesda auto mechanic training center, which Isuzu Motors Ltd. of Japan is supporting,” said IPC President Ryoji Yamazaki. “It is likewise our humble way of returning the favor that society has so generously given us.”

World Vision Philippines, which last year signed up as a new partner in the Isuzu Motors Ltd.-funded Tesda auto mechanic training center located in Tacloban, Leyte, is an internationally recognized Christian organization whose advocacy is the relief and development of children, their families and their communities, ensuring

their welfare while aiming to overcome poverty and injustice. The organization serves people worldwide regardless of religion, race, ethnicity and gender, respecting other people’s faith and culture and attaching no conditions in the assistance it provides.

from page 1

35% (7.2 million families) in August.

This was contrary to an earlier SWS report that said hunger among Filipino families fell to 16.3% in December from 21% in August.

Isuzu...

from page 3 Through this, IPC believes that it can more effectively extend a helping hand to society by way of the varied causes that are addressed by World Vision.

“Besides helping World Vision Philippines in relief operations and other relevant activities, Isuzu Philippines

CAGAYAN DE ORO Main Branch P & J Lim Bldg., Tiano Brothers – Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN Branch B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES Branch Corrales Ave., Cagayan de Oro City DIVISORIA Branch Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN Branch Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739a

Supplier sa G-Melina nga kahoy para sa TARIMA nga pididos-nakdawon.

TAWAG LANG SA :

0923-574-6103

Grants... from page 5

booking of allowance for probable losses on a staggered basis over a maximum of five years for all types of credit to individuals and businesses.

For rediscounting banks, the BSP is granting a 60day grace period to settle outstanding rediscounting obligations as of December 26 and for them to restructure with the central bank, on a case-to-case basis, the outstanding rediscounted loans of borrowers affected by the storm.

For all banks, the BSP is allowing individual institutions to provide financial assistance to their officers and employees who were affected by Quinta, including those that may not be within the scope of the existing BSP-approved Fringe Benefit Program.

BusinessWeek M I N DA N A O

Wednesday-Thursday I Jan. 16-17, 2013

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Davao light firm increases power rate DAVAO City -- Davao Light and Power Co. (DLPC) has implemented the new rates increase in its December 2012 billing cycle of P0.0309 per kilowatt hour approved by the Energy Regulatory Commission (ERC) for the regulatory year of 2013 covering the period of July 1, 2012 to June 30, 2013.

However, Arturo M. Milan, DLPC assistant vice president for operations and chief operating officer, said the rate is still one of the lowest in the country.

He said despite the increase, the rate is still low compared to other energy providers all over the country.

Davao Light has t he second lowest rate next to

Davao Del Norte Electronic Cooperative (DANECO), Milan said.

He also assured the Davao electric consumers that they have taken measures for uninterrupted power supply.

“We are the only city in Mindanao that does not have any rotational outages, unlike other areas which have an average of two to four hours of brownouts every day, to name a few, Davao del Sur, General Santos and North Cotabato,” he said.

Meanwhile, Milan revealed some tips to lower the electricity cost of consumers.

The first is to unplug all the lights and appliances not in use. Second is to use energy efficient lighting system and appliances such as light-

emitting diodes (LED) lights.

“It is important to plan the use of high energy consuming appliances such as electric iron and air-con.

Finally, in buying appliances, choose appliances with low wattage rating,” he said.

The increase differs per customer schedule and its breakdown: for residential and commercial rates increased by P0.0574 kwh, from P7.3978 to P7.4552 kwh; for small industrial rates the increase is P0.0307 from P6.7596 to P6.7903; for big industrial rates the increase is P0.0123 from P5.9189 to P5.9313; and the flat rate increase is P0.0274 from P6.9019 to P6.9293.

The average of these rates is P0.0309 kwh. (PNA)

Pepino...

enormity, the strategy then is to break them into smaller goals.

Breaking the goals into small and manageable bits makes the process less intimidating which will take away our hesitancy and fear of starting a seemingly gargantuan task. It is also important that constant monitoring of these small accomplishments be documented in a journa l until the entire goal has come to completion.

Lastly, once we have conquered our little battles against procrastination let us remember that the war against it constantly reckons us in every waking moment throughout our lifetime.

Consistency of habit to act with enthusiasm and determination will therefore be our greatest arsenal to combat the detrimental effects of inaction. I believe that we should always motivate ourselves to face challenges with proactive attitude and be willing to sacrifice conveniences to attain more in life.

Daily motivation ,according to a lot of studies, has shown dramatic results to many successful personalities. One great

example of this is Og Mandino’s compelling words which I recite everyday; I am nature’s greatest miracle!

Therefore…

I will greet this day with love in my heart.

I will be the master of my emotions.

I will multiply my value a hundredfold.

I will persist until I succeed.

I will live this day as if it is my last.

I will act now. My dreams are worthless, my plans are dust, My goals are impossible. All are of no value unless they are followed by action.

I will act now!

Let’s not wait to be beaten on our knees by the challenges of time because of our long slumber. Let not our dreams be in vain for our failure to take the steps toward it. Let not another opportunity slip away due to our constant neglect.

Let this 2013, be the year of liberation from mediocrity and complacency.

The moment has come. Act now!

of our spiritual and moral life.

In short, we have to outgrow the mentality that keeps piety a low priority in the hierarchy of goals we have to pursue. It’s something basic on which all the other goals of our life have to be founded.

We need to have a living, breathing piety that infuses us in all aspects of our life with an immediately-felt sense of love for God and others. It should be a piety that would definitively define our life.

from page 6

and narrow your focus to the task at hand. Be laser-focused and never entertain thoughts that will cloud your objective of getting it done. Resist the temptation of doing other petty things while working on the specific goal for most procrastinators multi-task and end up not accomplishing one.

The most practical thing to do to stay on track is to simply write down detailed description of what and how you want to accomplish your objective including time of accomplishment. This will crystallize your commitment and solidify your goal especially if you take time to read it repeatedly. It then becomes hard to ignore and abandon which will eventually lead you to move to the direction toward the finish line.

One major problem for most of us is our tendency to overestimate task and under-estimate our capacity to overcome it.

If we find the goal or project quite intimidating owing to its

Cimagala... from page 6

slowly purified and transformed, on a journey that is never completely finished in this life.”

We need to give teeth and body to this cooperation with God through a clear and concrete plan of piety that should center around prayer, sacrifice, recourse to God’s word and sacraments, etc., for these are where we get in touch with God. In this regard, and in view of the current conditions of the world, we just cannot have a life of piety that is led more by us than by God. We need to have a plan adapted to our particular circumstances and to the objective requirements

Bunye... from page 6

trait of Queen Isabela were minted in Manila while silver pesos with the profile of young Alfonso XIII were the last coins minted in Spain.

T he BSP sa id t he pesos Fuertes, the first paper money that circulated in the country, were issued by the country’s first bank, the El Banco Espanol Filipino de Isabel II. When the Philippine Republic came into being in 1898, the government under General Emilio Aguinaldo decided to issue its own coins and paper notes backed by the country’s natural resources.

One-peso and five-peso notes printed as Republika Filipina Papel Moneda de Un Peso and Cinco Pesos were circulated by the new government.

The Aguinaldo regime also issued 2 centimos de peso copper in 1899.

Republic of the Philippines Regional Trial Court of Misamis Oriental 10th Judicial Region Branch 38 Cagayan de Oro City RE: CANCELLATION OF ENTRIES IN THE CIVIL REGISTRAR OF CAGAYAN DE ORO CITY, CORA A. GALOPE,

SPEC. PROC. NO. 2012-146

Petitioner,

-versusCIVIL REGISTRAR OF CAGAYAN DE ORO CITY AND KEITH R. BACARRO, Respondents.

X-------------------------------------------------/ ORDER

Before this Court is a Petition for Cancellation of Entries in the Certificate of Live Birth of petitioner’s granddaughter, Sweet Sofia Ashley Elaco, in the Office of the Local Civil Registrar of Cagayan de Oro City.

IT IS HEREBY ORDERED that said Petition be set for hearing on February 27, 2013 at 8:30 in the morning at the Session Hall of this Court, on which date, time and place, all persons who may have any opposition to the petition herein sought, may appear to show cause why said petition should not be granted.

Let this Order be published in a newspaper of general circulation in the Province of Misamis Oriental once a week for three (3) consecutive weeks prior to the date of hearing.

Likewise, let copies of this Order, with Petition attached, be posted by the petitioner on the bulletin boards of the Court, the City Hall of Cagayan de Oro City and the Provincial Capitol of Misamis Oriental for at least ten (10) days prior to date of hearing.

Furnish copies of this Order and the Petition to the Offices of the Solicitor General, City Prosecutor of Cagayan de Oro City and the Local Civil Registrar of Cagayan de Oro City.

SO ORDERED.

January 2, 2013, Cagayan de Oro City.

Republic of the Philippines Department of Education

Tanggapan ng Kalihim Office of the Secretary Prequalification, Bids, and Awards Committee (PBAC) for Public-Private Partnership (PPP) Projects of the DepED School Infrastructure Project INVITATION TO PRE-QUALIFY TO BID FOR PPP FOR SCHOOL INFRASTRUCTURE PROJECT 2012-2 The Department of Education (the “DepED”) invites interested parties to apply to pre-qualify to bid for the design and construction of one-storey, two-storey, three-storey, and four-storey school buildings under the following Contract Packages: Regional Contract Packages I II III IV-B V VI VII VIII IX X XI XII CARAGA CAR Total

Expected Number Of School Sites 72 353 262 630 488 334 455 645 286 499 134 300 314 395 5,167

Expected Number Of School Building 80 355 262 630 524 343 472 649 286 530 139 316 353 395 5,334

Expected Number Of Classrooms 241 547 1,017 1,108 1,061 732 1,037 903 476 1,222 355 637 708 635 10,679

The number of school sites, school buildings and classrooms is still subject to change. Each school building will consist of the following components: Component I – Classroom Buildings, Component II – Toilets, and Component III – Classroom Furniture, all to be designed and constructed or provided in accordance with the prescribed Minimum Performance Standards and Specifications to be released by DepED. Each Contract Package will be bid out separately.

Interested parties may apply to pre-qualify to bid for any, some, or all Contract Packages, as described in greater detail in the Invitation Documents.

The Project will be awarded through competitive public bidding, as a Public-Private Partnership (“PPP”) project, in accordance with applicable laws, including the Build-Operate-and Transfer (“BOT”) Law (R.A. No. 6957, as amended by R.A. No. 7718), and its Implementing Rules and Regulations.

The bidding will follow the two-stage system: (a) Prospective Bidders shall First be pre-qualified by the DepED based on legal, technical and financial capability requirements; and (b) the Prospective Bidders which pre-qualify shall be invited to submit their bids.

Prospective Bidders may obtain the Invitation Documents, consisting of (a) this Invitation to Pre-Qualify to Bid, (b) the Instructions to Prospective Bidders, including the required Qualification Documents, (c) the Draft Minimum Performance Standards and Specifications, and (d) the Information Memorandum, from the Office of the PBAC for PPP Projects, at the DepED Complex in Meralco Avenue, Pasig City, 1600 Philippines, c/o PBAC Secretariat- Procurement Service, 2nd Flr., Dorm-B with Telephone/Fax No. (+632)633-9343/6366542 starting 10 January 2013, upon payment of a non-refundable fee of PhP100,000.00. This fee may be paid in cash or by manager’s check issued by any bank in the Philippines payable to the Department of Education. Only persons or firms who have purchased the Invitation Documents shall be allowed to participate in the pre-qualification process. The DepEd may released updates, clarifications, amendments, or additions to any or all of the Bidding Documents at any time.

Prospective Bidders must submit their applications for pre-qualification, together with duly accomplished Qualification Documents in the required format, to the DepED- PBAC Secretariat not later than 10:00 a.m. on 12 February 2013, at the abovementioned Office of the PBAC through its Secretariat.

The DepEd-PBAC reserves the right to reject any and all bids, and declare failure of bidding, not award the contract, or annul the bidding process without thereby incurring any liability to the affected parties.

(Sgd.) FRANCISCO M. VARELA Undersecretary for Finance and Administration and Chairman, PBAC for PPP

(Sgd.) EMMANUEL P. PASAL Judge BWM: JAN. 16, 23 & 30, 2013

11

BWM: Jan 16, 2013

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.

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 :