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Volume V, No. 10
Market Indicators
As of 6:10 pm june 28, 2014 (Saturday)
FOREX
PHISIX
US$1 = P43.75
6,842.15 points
X Briefly
50.03 points
X
12 cents
Pension hike ILIGAN City -- In view of its sustained financial growth and as part of its commitment to provide more meaningful benefits, the Social Security System (SSS) has announced the fivepercent across-the-board pension increase for 1.9 million SSS pensioners effective June 2014. In a recent press statement, the SSS disclosed that all active pensioners for retirement, death and disability as of May 31, 2014 can expect higher benefits in their bank account or pension checks. To provide time for necessary system adjustments, SSS Vice President for Benefits Administration Agnes San Jose said the new across-the-board pension increase can only be paid out starting August 2014, including the additional amounts for June and July.
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Tougher requirements eyed for river guides
T
By FROILAN GALLARDO, MindaNews
HOSE wanting to become river guides in the famous white water adventure along the Cagayan de Oro River will find it harder to get an accreditation or possibly licensing from government agencies, officials said.
Dorothy Pabayo, who heads Task Force Rapids, said they are studying the idea of having the Maritime Industry Au t h o r i t y ( M A R I NA ) and the Philippine Coast Guard (PCG) supervise the accreditation or licensing of river guides. guides/PAGE 11
CLOSE SCRUTINY. Francis Rivera of the Safety Organization of the Philippines Inc., (SOPI) checks a flotation vest used by white water tour organizers for their clients in Cagayan de Oro. mindanews photo by froilan gallardo
MinDA launches program to entice more investors
Davao water project THE J.V. Angeles Construction Corporation (JVACC)-Aboitiz Equity Ventures, Inc. consortium has received the Notice of Award (NoA) from the Davao City Water District (DCWD) for the financing, design, construction and operations of the Tamugan Surface Water Developments Project. In a disclosure to the Philippine Stock Exchange, AEV said the JVACC-AEV Consortium will have to comply with the requirements in the NoA before the Joint Venture Agreement with DCWD can be executed. AEV had earlier entered into a Memorandum of Understanding with JVACC to supply treated bulk water to DCWD and to construct a water treatment facility powered by its own renewable energy source and the conveyance system needed to deliver treated bulk water to numerous DCWD delivery points.
THE
By CARMELITO Q. FRANCISCO, Correspondent
BOATS OVER BOAT. Two smaller wooden boats or bangkas are transported on a large pump boat on their way to a fishing ground in the town of Del Carmen in Siargao Island, Surigao del Norte. mindanews photo by erwin mascarinas
Italpinas to present cost-effective, energy-efficient housing designs THE rotational brownouts in Mindanao might have waned, but the region is still in the midst of a power crisis. As t he p ower cr isis continues, consumers are left to bear the brunt of brownouts and rising electricity costs. What can property developers then
do to help minimize the consumers’ dependence on the power grid while at the same time offer affordable projects? How can they make buildings more energy efficient? Using a combination of smart grid technology, renewable energy sources and
DAVAO City -- The Mindanao Development Authority (MinDA) has launched a program to entice investors into Mindanao. In introducing the “ I nv e s t i n M i n d a n a o : Inclusive Growth” program on Wednesday afternoon, Luwalhati R. Antonino, MinDA chairwoman said its implementation would ensure that poverty in Mindanao would be gradually solved.
“We will match you with areas where your investments are needed and can grow,” Ms. Antonino said. Janet M. Lopoz, MinDA executive director of the agency, explained that the plan is to help investors find their places in Mindanao, because if they are left on their own “there is a tendency for them to go to less risky areas.” minda/PAGE 11
high-performance design may just be the solution, according to Italpinas Euroasian Design and Eco-Development Corp. (ITPI) chairman and CEO Arch. Romolo V. Nati, who will present at the Affordable Housing Conference on June 25 in Ascott Makati. italpinas/PAGE 11
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MAD-10 joins 8th MAFBEX Bukidnon town receives livestock project By CYRUS SERASPE, Contributor
THE Department of Agriculture - Marketing Assist ance Div ision of Region 10 (DA MAD-10) together with more than 300 companies and exhibitors j oine d t he 8t h Mani l a
Food and Beverage Expo (MAFBEX) on June 11-13, 2014 at the World Trade Center in Pasay, Manila. Cora E. Balabat, Marketing Section Chief of MAD-10, said the purpose of joining
MAFBEX is to promote products from the region to the market. She added that they wanted to help producers expand their market for their products and find possibilities of product collaboration and joint ventures. T h i s y e a r, M A D - 1 0 featured the coco sugar of Agay-ayan Multi-purpose Cooperative from Gingoog City and the organic peanuts of Greenminds, Inc., owner of the brand Pilipinut. MAD-10 also showcased other products of northern Mindanao such as the Ginami, a playful remix of bagoong (a condiment made of partially or completely fermented fish or shrimp and salt) by Shiga and the cashew nuts of Best Agri Products Processing Cooperative (BAPPCO), both from Cagayan de Oro City; the naturally produced coffee of Kape Maramag, and the Banana Chips of NM Food Products from mafbex/PAGE 11
THE town of Cabanglasan, Bu k i d n on i s re c e iv i ng livestock project from the Department of Agriculture - Region 10 (DA-10) under the Bottoms Up Budgetting (BUB)/L o c a l Pover t y Reduction Action Program (LPRAP) now known as Grassroots Participatory Budgetting Process (GPBP). Some 200 head piglets worth P580,000 are ready for dispersal to the identified
first set of beneficiaries of the barangays of the said town. DA-10 initially turned over 50 piglets amounting to P145,000 to 50 selected i n d i v i d u a l s i n b r g y. C apinonan, D alac utan, Mauswagon and Freedom on April 24. T h e re m a i n i n g 1 5 0 head of piglets amounting to P435,500 is set to be turned over this month for the remaining 150 recipients
of the 10 remaining barangays of Cabanglasan, Bukidnon. The swine production project aims to provide livelihood to the farmers wherein each recipient is required to return one offspring to DA-10 through the local government unit (LGU) in Cabanglasan as mode of payment to be given to the next beneficiaries of the said town in the succeeding years.
BIR advises Zambo barangay officials to remit withholding tax ZAMB OANGA City -– The Bureau of Internal Revenue (BIR) has advised barangay officials to remit the withholding tax to the revenue agency. Revenue District Officer Cresencio Agad made the call as he disclosed Friday that 50 percent of this city’s 98 barangays did not remit their withholding tax last
year. Agad said one of the reasons cited by the village officials for failing to remit their withholding tax was they were just newly-elected and “do not know about the withholding tax.” The withholding tax is 10 percent of revenue earnings of a particular barangay.
Agad said the funds derived from the withholding tax also cannot be used in implementing projects because that is tantamount to malversation of funds. Agad warned officials of the barangays that they may face charges if they fail to remit the withholding tax to the BIR. (PNA)
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3 Cebu Pacific studying Europe, US West Coast destinations BUDGET CARRIER Cebu Pacific Air said it is considering potential new destinations in Europe and the West Coast of the United States and evaluating new aircraft capable of servicing those routes. “At this time, we’re still in the feasibility study stage. We’re getting basic data from all aircraft manufacturers to assess whether there’s a business case to fly in EU (European Union) and West Coast United States,” a c c ord i ng to L anc e Y. Gokongwei, president and chief executive officer of the carrier’s parent Cebu Air, Inc. Speaking on the sidelines of the company’s annual shareholder meeting in
Pasig City late Thursday, Mr. Gokongwei said: “We’re constantly evaluating our fleet plans, so if we were to do EU (European Union) and West Coast United States, we need a new aircraft.” Mr. Gokongwei added that the carrier is constantly evaluating its fleet plans and talking with all manufacturers including Airbus and Boeing, saying “if we were to fly there, we will need a new aircraft.” Cebu Pacific Air currently has 50 aircraft, and is has pending orders for 11 Airbus A320 single-aisle aircraft, plus 30 slightly larger A321 models under the new engine option (NEO) plan, as well as two twin-aisle A330s for operating lease. It is due to
Jollibee eyes US acquisition THE Philippines’ leading fast-food chain is looking to expand its footprint in the United States, even as it unveils another wave of store openings back home. O n t he sidel i nes of its stockholders meeting today, Jollibee Foods Corp (JFC) chairman Tony Tan Caktiong told reporters that the company “would like to have more play in the US market.” “Probably we are looking at a certain acquisition in the US. In terms of when we see it, there’s no timetable yet. We are open to anything that may come up. It could be in the same category. We are still very flexible. More important is we want to go to a brand that is already growing. We don’t want to go in a brand that needs to be turned around,” Tan Caktiong said. Ysmael Baysa, JFC chief financial officer, said the company’s operation in the US was “profitable,” with sales growing by 9.9 percent in 2013. JFC’s operation in Asia -- particularly in Brunei, Singapore, Hong Kong and the Middle East -- are also making money, except those in Vietnam and China. “In China, the brand is profitable, but we have a lot
of overhead because of our central plants and head office there. It ‘s quite manageable, not big numbers,” Baysa said, referring to the losses of Jollibee’s China operations. JFC’s sales growth in the Philippines expanded by 11.3 percent in 2013, while that in China was up 19.7 percent. Sales in the rest of Southeast Asia and the Middle East jumped by 32.2 percent. Baysa said JFC has allotted P6.3 billion for capital expenditures to finance the opening of 300 stores this year, of which 200 will be in the Philippines and 100 abroad. “The business continues to be very strong both in the Philippines and worldwide. We continue to experience double digit growth rates in some branch just like in several quarters,” Baysa said. Tan Caktiong said the outlook of the company is very positive this year because the Philippine economy is very strong. “We look for ward to another year of record performance in 2014, as we accelerate our profitable growth, expand our business in key markets around the world and reinforce our competitive strength,” he said. jollibee/PAGE 10
Globe to sue two more text spammers GLOBE Telecom Inc. said it will take further legal action against more text spammers after the National Te l e c o m m u n i c a t i o n s Commission (NTC) initiated proceedings against two o r g a n i z at i o n s s e n d i n g unsolicited text messages. The NTC issued showcause orders against Caritas Health Shield, Inc. and Center for Global Best Practices (CGBP) in the wake of complaints filed by Globe. Globe’s legal position is that a company should still be held liable even if it is sales agents who use text messages to market their products, and added that is preparing further legal action against
two more companies, which it did not identify. “The NTC directive should provide some breathing space for Globe customers who constantly receive annoying spam messages. Globe will continue to exercise all legal means possible to ease the burden inflicted on our customers by companies that employ text spamming as a marketing strategy,” Globe General Counsel Froilan Castelo said in a statement on Thursday. The NTC has ordered Caritas and CGBP to appear before the commission on July 15 and to submit a written opposition within 15 days.
end its leases on eight A320s amid a move to the moreefficient A321 NEO. This year, the carrier will take delivery of five Airbus A320s and three A330s and will return four leased A320s. Cebu Pacific has increased seat capacity in markets such as Malaysia, Singapore, China and Japan. “I think the market is going towards a larger fleet. Slots are limited so we went from A320 to A321,” Mr. Gokongwei explained. The A320 has 150-180 seats while the A321 has 185-220. cebupac/PAGE 10
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GM recalls 475,000 more vehicles NEW YORK — General Motors Friday announced three more safety recalls covering nearly 475,000 vehicles, the biggest of which involves a software problem in some leading sport utility vehicles and pickup models. GM will recall more than 450,000 models of the 20142015 Chevrolet Silverado and GMC Sierra, among others, in which control module software in the four-wheel drive system could automatically switch to neutral without driver input. As a result, a vehicle, while parked, could “roll away if the parking brake is not set,” GM said. If the vehicle is in motion, no power will go to
the wheels, the automaker added. GM said it knew of no crashes or injuries related to this problem, or to those that prompted the other two recalls it announced. The recall affects vehicles in the US and Canada. GM said it was recalling about 4,800 2013-2014 Chevrolet Caprice police cars and 2014 Chevrolet SS sport sedans in the US to address a problem that can stop the windshield wipers from working. The third recall involves about 2,050 2014 Chevrolet Corvettes, most in the US, to address a problem with the rear shock. GM has already recalled
Honda launches new Jazz By Iñigo S. Roces
This year marks the Honda Jazz’s 10th year in the Philippine market and there could be no better celebration for it than the unveiling of the all-new Jazz at the Metrotent Convention Center in Pasig City. Dubbed as ‘The One,’ Honda’s new model was largely credited for reviving the hatchback segment and hopes to further strengthen the benchmark the Jazz has set since 2004. The development team incorporated new technologies to further i m p r o v e t h e J a z z ’s performance, fuel economy and its vers at i lity and functionality. The Jazz demonstrates its long loading ability with a surfboard. (Photo by Jacqueline Hernandez) Like the new City launched before it, the Jazz takes on the “Exciting H
Design” direction, integrating high tech, high tension and high touch into its “Crossfade Monoform Exterior” concept. Its overall form has been shaped to realize enhanced aerodynamics. Its length has grown by 55-mm over its predecessor, to provide a longer wheelbase, larger cabin space and, as a result an increase in passenger and cargo space. The Jazz improves upon its predecessor’s trademark Ultra Seats. It retains the three modes: Utility for large, bulky items; Tall mode for bulky items that must remain vertical, like plants; and Long mode for items like surfboards or skis. In addition to these, a new Refresh mode has been added which allows the front seats to be lowered to connect with the rear seats, granting the driver and passengers a jazz/PAGE 11
more than 20 million vehicles in 2014. The Detroit automaker is under investigations by Congress, the Justice Department and the Securities and Exchange Commission over its delayed recall of cars with ignition switch problems
related to at least 13 deaths. In February — 11 years after the ignition switch defect was detected — GM began recalling 2.6 million Chevrolet Cobalts, Saturn Ions and Skys, Pontiac 5s and Solstices made between 2003 and 2011.
Mitsubishi raises stake in PH transmission supplier Japanese automaker Mistubishi has jacked up its stake in its Philippine transmission supplier. In a statement, Mitsubishi Motors Corp (MMC) said it increased its interest in Asian Transmission Corp (ATC) to 90 percent with the acquisition of a 79.42 percent stake held by Mitsubishi Motors Philippines Corp (MMPC) and another 5.29 percent held by Sojitz Corp. Before the purchase, MMC had a 5.29 percent interest in ATC, which supplies the transmission and engine requirements of MMPC as well as other Mitsubishi plants across Asean from its factory in Calamba, Laguna. MMC said the higher stake is meant to improve
the production of ATC amid expectations of growth in the Asean region. “Ac c ord i n g l y, M M C will utilize this advantage in the Asean region and produce newly-developed transmissions exclusively at ATC starting from September this year,” the Japanese company said. Mitsubishi Motors plans to strengthen its Asean production base. L ast March , M M P C acquire d Ford Motor C o’s former 21-hectare manufacturing plant in Sta. Rosa, Laguna. MMPC intends to transfer its assembly operations from Cainta, Rizal to Sta. Rosa, which is home to many parts suppliers and assemblers.
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IN COOPERATION WITH
A S I A N H I L L S G R O U P O F C O M PA N I E S
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Deadline extension for nominees: July
15, 2014
JULY 26, 2014 - Awards Night to be held at Centrio Mall Cagayan de Oro City
2012 Mindanao Business Leaders and Entrepreneur Awardees
The
MOST OUTSTANDING MINDANAO BUSINESS LEADER IN AGRI-BUSINESS, CORPORATE CATEGORY LAPANDAY FOOD CORP. BANKING & FINANCE, CORPORATE CATEGORY One Network Bank Health Food Production & Marketing, Corporate Category Amley Food Corporation Housing & Realty Development, Corporate Category PUEBLO DE ORO DEV’T CORP. in HOTEL, RESORTS & Tourism Industry, DAKAK BEACH RESPORT IN AGRI-BUSINESS, INDIVIDUAL CATEGORY Mt. Kitanglad Agri-Ventures, Inc. IN BANKING & FINANCE, INDIVIDUAL CATEGORY D‘ Asian Hills Bank IN HOTEL, RESORTS & TOURISM DEV’T, INDIVIDUAL DUKA BAY RESORT INC. IN HOTEL, RESORTS & TOURISM DEV’T, INDIVIDUAL Eden Nature Park IN MEGA-ENTREPRENEUR CATEGORY LIMKETKAI & sons IN MEGA-ENTREPRENEUR CATEGORY ZEALEP INC. IN SME ENTREPRENEUR CATEGORY SLERS in Transport Service Industry YANSON Group of Companies in Broadcast Industry RADIO MINDANAO NETWORK in SPORTS & ENTERTAINMENT UC-1 CORP.
The
2013 Mindanao Business Investors Awardees
NESTLE Food Processing Industry AYALA LAND INC. Housing & Real Estate Industry CEBU PACIFIC AIR INC. Airlines Industry
A MINDANAO-WIDE SEARCH FOR: n OUTSTANDING ENTREPRENEUR OF THE YEAR (Mega & Medium) n OUTSTANDING BUSINESS LEADERS (Individual & Corporate Category) in the Fields of: - Agri-business - Banking & Finance, - Alternative Energy Dev’t/ - Transport Industry - Health Food Production - Housing & Realty Dev’t; - Hotel & Resorts Industry
COCA-COLA Bottlers Phils Inc. Beverage Manufacturer
ENTRY REQUIREMENTS:
SAN MIGUEL BREWERY Beer Industry
2.
DEL MONTE PHILIPPINES Agro Industry RIZAL COMMERCIAL BANKING CORP. (RCBC) Banking & Loans Services GOTHONG SOUTHERN Shipping & Cargo Services PRYCE PLAZA Hotel Industry SONY APPLIANCES Appliance Industry UNION GALVASTEEL Home Bldg & Materials Industry SUN CELLULAR Mobile Comm. Service Provider MY SOLID TECHNOLOGIES Cellular Phone Manufacture MX3 Herbal Industry SUPER 5 Public Transport Industry SM PRIME HOLDINGS Malls & Superstores Industry
1.
3. 4.
Individual & Company/Establishment nominators shall fill up Nomination Forms available on-line at the Sponsors Website, or the printed page of Businessweek Mindanao and Mindanao Daily issues or may be mailed if requested, from the Awards Secretariat. Nominees or candidates in various categories shall be nominated by an individual, organization or group or the Local Government Units (LGUs) Nominations shall be accompanied by the ff documents which can be mailed, or emailed to the awards secretariat not later than April 30, 2014. Brief Resume and History of the Nominee (Individual or Firm) and - Photos (at least 3) ; Nomination Form ; Documentary evidence such as certificates, awards or citations
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The Board of Judges shall be composed of known personalities from the Media, Business Community, the Academe, and select government institutions invited by the Awards Secretariat - Entry forms and documents shall be furnished to each of the five judges - Entries shall be published in the BWM & MDB and other newspapers - Results of the Selection Process shall be published in newspapers and other media outlets . Awardees shall be personally informed by the Secretariat thru mail, or email
RATIONALE OF THE PROJECT
- The achievements of various Mindanao business leaders and entrepreneurs need to be recognized, not only by government institutions and social awards bodies but from the media as well. - BusinessWeek Mindanao as a forerunner of information on the various business leadership and entrepreneurial strides of Mindanaoans deems it as a part of its social responsibility to trumpet such achievements for others to emulate and thus propel a Mindanaoan consciousness in every economic and business stakeholder, whether small or great, the responsibility to help Mindanao achieve sustainable development of its economy.
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The holding of BWM Awards annually would serve as catalyst for a continued and concerted effort of business leaders and entrepreneurs to seek greater heights and strive for success in the noble mission of propelling Mindanao and its people towards full economic growth and sustainable development.
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Be An Original
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hink a minute…It’s said that we human beings are the only creatures who refuse to be what we are. One writer put it: “When people are free to do as they want, they usually copy each other.” Yet every successful person becomes successful because he or she discovered and developed their own special abilities. As one guy said: “One of the hardest things about climbing the ladder of success is getting through the crowd of copies at the bottom.” You are a specialist.You’re not made to be all things to all people. Surveys have shown that usually about 20% of all the people who know you don’t really like you that much. You just can’t please all the people all the time! So don’t try to have peace at all costs—especially at the cost of your own success. “Don’t stay where you’re tolerated; go where you’re celebrated!” Be yourself. Be an original! You really are one-of-a-kind. You’re the first and last person who will ever be exactly like you. You know that over 90% of all flowers have no odor at all. It’s the ones with a sweet fragrance that we remember. So don’t be afraid to be different, if it means being yourself. We’re like rivers, “If we follow the easy path of
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 Editor: Allan Mediante
THINK
A Minute
By Jhan Tiafau Hurst
FOI in ICU: A Call for Rescue by P-Noy
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HE Freedom of Information (FOI) Bill is on the throes of death. With just six session days left before the House of Representatives adjourns for the May 2013 election campaign, one and only one miracle could save it from certain perdition -- a certification on the urgency of its immediate enactment by President Aquino himself. It should not have reached the ICU, if only the House did something more than nothing on the FOI bill during its three session days last week. On Session Day 1, the House did not even enroll the bill in its order of business, even as it had been in the Order of Business for reference to the Rules Committee on Dec. 18, 2012 yet. On Days 2 and 3, just when the Bill had already been calendared for sponsorship and plenary debate, a legislator threatened to question the quorum for a motion too parochial and self-serving, and kept the entire House hostage to his whim. Yet still, the House leaders allowed t hree privilege speeches, and over an hour of interpellation for one, on Day 3. The legislator and the House leaders did not allow even a single minute of discussion on the FOI bill. Last week’s events point to a House conspiracy to kill the bill led no less by Speaker Feliciano Belmonte Jr. and Majority Leader Neptali Gonzales II, and with the many habitual absentees of the House in cameo role. After opening the session and immediately leaving the presiding chores to a Deputy Speaker on day 1, Belmonte was not to be seen again on the floor last week. The same
editorial goes for his Majority Leader, who showed up for just a few minutes on Day 3. That was as far as they went to demonstrate their leadership of a chamber turned totally inept to take action on the FOI bill by a legislator on tantrum mode. In recent weeks, Belmonte and Gonzales had assured that they wanted the plenary debate on the FOI bill to proceed posthaste. For a minute, the broad coalition of FOI advocates and authors had thought the duo had stopped their dribble drivel on the bill. L a s t w e e k’s e v e nt s , however, made it all plain to e ve r yon e : af te r t h e drivel comes now a plot to murder the bill in the House through sheer ineptitude and deliberate actions of its leaders, the chronic absenteeism of majority of its members, and the resort to absurd tantrum ploys of one legislator. We smell the stench of death in progress for the FOI bill. We see a rerun of the farce on the FOI bill that was staged by the 14th Congress under Speaker Prospero Nograles Jr. It’s all the same save for one twist -Belmonte’s 15th seems more duplicitous. It declares full lip-service commitment for FOI but also employs fullthrottle theatrics to prevent the bill’s passage. That Belmonte’s House has failed the people on the FOI bill is an indisputable fact. For one, the legislator in tantrum allowed other
matters to be discussed by the House last Tuesday and Wednesday but it was only when the FOI bill was about to be taken up did he insist on his quorum question. For another, the allpowerful Rules Committee led by Gonzales is not exactly helpless to act on matters of agenda. It did not intervene for the FOI bill. For a third, that the House could not achieve a quorum is not a problem that citizens should have to deal with -- lawmakers are precisely paid handsome fees, on top of fat slabs of pork money, to legislate. Their minimum obligation is to attend all sessions, without fail. Belmonte and Gonzales have the command responsibility to see to this. For a fourth, Belmonte and Gonzales could have declared the FOI bill urgent pursuant to Rule X, Section 52, of the House Rules, thereby paving the way for the adoption of a timetable for debate and voting on FOI. Finally and most important of all, Belmonte and Gonzales could have prevented the deliberate delays on the consideration of the bill by Rep. Ben Evardone at the committee level, which got the FOI bill in its code blue condition in the first place. Fact is, as Evardone hemmed and hawed, legislators in favor of the FOI bill launched an initiative to use Rule IX, Section 37, Par. 1 of the House Rules allowing 1/4 of the members of a
committee to call a hearing. But presented with the notice of hearing signed by more than the eight Committee members needed to put the rule in effect, Belmonte prevailed upon the group to allow Evardone to call the hearing instead, allowing Evardone to further delay committee action. With three session days wasted and only six more to go, the last remaining trigger for the House to finally act on the bill is a certification from President Aquino on the urgency of its immediate enactment. Three years ago as a candidate for president, Aquino had promised to support the FOI bill and accord its passage top priority. Now President and also chairman of the ruling Liberal Party coalition in the House, he has both power and duty to fulfill his promise and to do his part to save a bill that will enable the Constitutionally guaranteed rights of the p e ople to infor mat ion, and to transparency and accountability in government. Fa i l i n g i n t h i s , t h e President would have also failed a most important test of leadership. If he should choose to stand idly by, when in fact he could have intervened to rescue it, by his inaction he will have also joined the ranks of his murderous allies. Today, the people will march again to Mendiola to lay at the doorstep of President Aquino the FOI bill, limp and nearly lifeless. Save it, the President can. Kill it, the President can, too. In the name of the Constitution, the people, and daang matuwid, the correct choice is clear: Certify the FOI bill as urgent!
Why Typical Start-Up Wisdom Doesn’t Work
L least resistance, it will make us crooked.” So don’t follow where the path may lead; go where there is no path and leave your own trail. “You’re born an original;don’t die a copy!” Remember, nobody can be you as well as you can. Too many people are like the living dead: they’ve buried their real talents and abilities. Jesus Christ can show you all of your unique talents and strengths, as well as help you to develop and maximize them. He loves you the way you are, but He loves you too much to leave you that way. But first you have to ask Him to forgive and free you from your past wrongs. Then everyday you must choose to live and do things His way. Only Jesus can give you the inner security and confidence to become the true original you are. Just Think a Minute…
et’s be honest… When that great business idea popped into your head, what did you do first? (Or, if you haven’t started your business yet, what are you planning to do first?) A. Come up with an awesome company / business name B. Meet with potential strategic partners and start recruiting C. Acquire leverage by withdrawing deposits and / or applying for credit D. Produce, produce, and produce to get more items to sell If you chose any of these answers apply, you’ve just made your first wrong move. You’re not alone - these are some of the most common mistakes that entrepreneurs make in startup. In fact, I have researched samples of a start-up checklist and found these common ideas. (Tip: Follow the list in this order IF you want to fail!) - Select a name for your company
- File an assumed business name with your city, province or national capital region - Meet with a lawyer, or create a business entity online, by incorporating, entering into a partnership or single proprietorship, etc. - Order business cards - Rent space or set up a home office - Open a checking account - Install telephone and Internet lines - Set up relationships with professionals: a CPA, banker, lawyer, and /or business advisor - Get licenses and permits - Capitalize—set up lines of credit, borrow money, or look for investors .Get insurance .Set up record-keeping systems .Set up financial systems with an accounting program .Set your pricing .Create a web page .Write a business plan .Write a marketing plan .File for trademarks and
patents .Hire employees .Send out a press release .Start selling That’s the sequence of a typical start-up — and most of them fail! Allow me to explain… What if you have an amazing business idea but didn’t know that someone else had the same one, only better? What if your target buyers prefer using a different solution to the same problem you address (e.g. medication vs. therapy)? Do you know if it costs more to produce that product than to buy what your competitor is selling? What if everyone in your market is selling the same item? These are just some of the questions you need to answer before you consider turning your idea into a business. Even the best idea doesn’t hold much value if someone else had it first. And it’s even more disheartening if you’ve already invested your valuable time and hard-earned money,
BOB BARE
only to realize that it’s not going to work anyway. So, how to avoid this heartache? Your first move should be knowing your market potential. Marketing is the heart of any business. So before you make another move, you need to understand your market and determine whether there’s a place for you in it. Lesson learned: When that BIG idea hits you, test the waters first. By analyzing your market and your potential, you can be sure there’s room for you to build a thriving business.
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BusinessWeek MINDANAO Best in Business and Economic Reporting Philippine Press Institute Civic Journalism Community Press Awards 2013
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BusinessWeek MINDANAO
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Best in Business and Economic Reporting Philippine Press Institute Civic Journalism Community Press Awards 2013
monday|June 30, 2014
Community
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Giya sa Pagpataud ug Kuryente sa FIBECO By Mildred B. Torrejas
Ang Fibeco naghatag kanato ug Giya kung unsay angay o pamaagi kung magpataod u g k u r y e n t e . Un a magpamiyembro sa FIBECO sunod ang pakigkita sa atong Institutional Development Officer (IDO) nga naka- assign s a mat ag sub - of f i ce ,Sunod Mutambong sa Pre-membership Education S eminar
(PMES) nga ipahigayon kay kini importante usab kaayo. Gikinahanglan usab nga ang imung mga Dokumento nga ila gikinahanglang isumite imu kining makumpleto aron deretso na dayun ang pag-taod sa mga E l e c t r i c a l Wi r i n g s ug Inspection ug ma kumpleto na ang re quirements suno d gilayon ang Pagbayad sa mga Pinansyal
nga Obligasyon ug pagsumite sa kumpletong Dokumento ma kumpleto na ang tanan Mag isyu na dayun ang FIBECO sa kWhMeter ug Pagpasiga ug kini mga Buluhaton sa FIBECO Personnel. Ug aduna kanay Kuryente! Kini nga Giya gikan sa : Membership Services Section, Institutional Ser vices Department (ISD)
Misamis Oriental Governor Yevgeny Vincente B. Emano talks with tribal datus about Capitol programs for the indigenous peoples (IPs) in the province during a royal Higaonon tribal wedding last week at Mt. Sioan, Gingoog City. The Governor vows to support undertakings of IPs as his administration values and respects historical ties. capitol photo
Securing Peace in the Province – VICE GOVERNOR JOEY G. PELAEZ talks with (from L to R) Deputy Provincial Director for Administration P/SUPT. Rene P. Solidarios, Gingoog City Police Chief P/SUPT. Warlito Serna and Philippine Drug Enforcement Agency (PDEA) X Deputy Regional Director Rayford Yap during the Hearing of the Committee on Peace and Order, Public Safety, Police and Jail Matters of the Sangguniang Panlalawigan of Misamis Oriental. Vice Governor Pelaez is very keen on solving the rising problem on illegal drugs in the province especially in the City of Gingoog. He commended PDEA and the Gingoog City Police for recently capturing a big time drug trafficker. Vice Governor Pelaez is the Chairman of the Committee on Peace and Order, Public Safety, Police and Jail Matters in the Sangguniang Panlalawigan.
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Billboard
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OTOP store opens in CDO mall
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he Department of Trade and Industry Misamis Oriental (DTI-MOR) Provincial Office announces the opening of One Town One Product (OTOP) store in SM mall Cagayan de Oro on June 15, 2014 in time for the celebration of the City Charter Day. Conveniently located in front of Penshoppe, the OTOP store will feature more than 50 local products from all over Misamis Oriental including meat products, pastries, native sweets, concoctions, beverages, bags and other creations. The outlet was conceived to help promote local produce and to provide venue for Micro Small and Medium Enterprises (MSMEs) to sell their products. “Our local products are excellent
but most of t hem are not accessible in the groceries. We are proud to bring them to SM Cagayan de Oro. It is time for us to experience and patronize our very own,” said DTI Provincial Director Ma. Eliza A. Pabillore. The opening and ribbon cutting will be led by city mayor Oscar Moreno together with DTI Assistant Regional Director Linda O. Boniao, SM Mall Manager Clara G. Elizaga and Vjandep owner Eleanor P. Jose. Further, the store is still open to accept locally made products for display and selling particularly from neighboring provinces Bukidnon, Camiguin, Lanao del Norte and Misamis Occidental. For more information you may contact DTI-MOR at (08822) 722291 / 712473 or (088) 8574034. (DTI-MOR)
JENESYS 2.0 Disaster Prevention Course now open
Photo from www.cdodev.com
Time check with Beats
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he Japan government, through the Japan Overseas Cooperative Agency (JOCA) and the Japan Information and Cultural Center (JICC) in partnership with the National Youth Commission (NYC), is implementing the Japan-East Asia Network of Students and Youth Program 2.0 (JENESYS 2.0: Disaster Prevention Course) for the year 2014. JENESYS 2.0 Disaster Prevention Course will be held on September 20 to October 8, 2014. This program aims to increase potential interJENESYS Youth Ambassadors with a family of survivors of the 3/11 tsunami. Photo taken at est in Japan, especially their oyster farm in Kesennuma, Miyagi, Japan (2012). Photo Courtesy of Angie Azcuna in Disaster Management and Prevention, using the branding COOL JAPAN, and to further deepen mutual understanding between the youth of Japan and the ASEAN-Oceanian region. Get set to grab the hotNYC will be sending 35 test styles in the The SM youth delegates and 2 supervisors to the program. Store Shoes and Bags For more information Sale at the Ground Floor on qualification, requireCar Park Bldg. SM CITY ments, expenses, applicaCAGAYAN DE ORO! tion guidelines, downloadEnjoy up to 50% OFF able application forms and on your favorite brands other inquiries, please visit www.nyc.gov.ph or the of shoes, bags, and lugNYC Northeastern Mindgage. anao Area Office at 3/F SolNow's your chance to id Building, Velez-Mabini enjoy big discounts and Streets, Cagayan de Oro savings. City. You may also conDon't miss this limittact NYC at (088) 8575895 for more information and ed offer only at The SM look for Evanesa PasamStore Shoes and Bags ba, Salma Jayne Tamano Sale from June 26 to July or Rizza Malou Vicente. 6 only! (NYC10/PIA10)
THE SM STORE SHOES AND BAGS SALE
MSI-ECS, the exclusive distributor of beats by dr. dre audio products is offering another great reason to own a dr. dre Solo (HD) or dr. dre Pill. Starting June 1 to July 31, 2014, every purchase of dr. dre Solo (HD) or dr. dre Pill comes with a Free Casio G-Shock G3000 Series. The Beats Solo HD headphones are made to be a lighter, on-ear version of Studios. Compact enough to fit in your purse, Beats Solo HD headphones carry the powerful signature sound Beats by Dr. Dre products are famous for. Available at Php 12, 500 in Black or White variants. The Beats Pill wireless speakers bring the party with you wherever you go. The Beats Pill is lightweight, portable, and wireless enabled, meaning you can change
tracks from your phone or take that call with Bluetooth conferencing. Small enough to fit in your hand, the Beats Pill surprises with its powerful signature sound. The smallest wireless speaker from Beats by Dre and completely cord-free, Beats Pill allows you to enjoy hours of premium sound without being tied down. Available at Php 12, 500 in Black, White, Red, or Nicki-Pink colors. For availability, please visit the following participating outlets: Astroplus/ Astrovision, Automatic Center, Avant, Switch, Beyond PC, Beyond the Box, Complink, Gadgets in Style, LandMark Dept. Store, Octagon, Power Mac Center, QuickSound, and Rustan's Shangri-la or email marketing@msiecs.com.ph or call 6883180 to 83.
BusinessWeek MINDANAO
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BERNARD DONATES A COMPUTER SET
By ROSANNA Q. UBALDE Division of Cagayan de Oro City Mambuaya National High School Mambuaya, Cagayan de Oro City
Mr. Bernard N. Antig an alumni and salutatorian (batch 82) of Mambauya National High School d onate d one s e t of computer unit on October 4, 2013. It was personally handed to the School Head Rosanna Q. Ubalde and to the Mambuaya National High School faculty and staff. He left the portal of Mambuaya National High school for more than three decades now. After he graduated high school on 1982, he is now back with one set computer package for the school in gratitude to his alma mater for helping him to be where he is at present. He even noted that this package is for the use of the students to augment the ICT facilities already in school. According to him, during his time there was no such thing as computer in school. Most of what they can see were just typewriters. So as societal trends progress, including technological revolutions, it
Photo by Hermie L. Amper
posed a challenge for them whose era knows nothing about advance technology. Being visionary as he is, he talked about how society would change. With the eve r dynamic society almost governed by technology, it is vital that students be equipped with ICT skills. The advent of the 21st century has brought a lot of innovations in Science and Technology. It just signifies that no sooner today our society will be completely run by computers not necessarily on how we know them now but even better. And one of the good ways to help students possess basic skills in computer is to provide them with an avenue to learn. These thoughts
motivate him to extend an extra mile stone for his younger brothers and sisters in the school where he molded himself. He decided to donate such to promote computer literacy among students who soon be going out in the real world of competition for survival. For him, no matter where he maybe, there is always t his string attach to him that would keep him in going back to where he came from. Saudi is definitely a far place from Philippines , yet mountains and oceans are not enough to stop him from reconnecting to his alma mater. And with every opportunity where he is of help, he always reserve to himself a piece to extend.
BPI Foundation published Herencia, a 360-page coffee table book containing essays on Philippine Art History and more than 400 photos of artworks from the BPI art collection. The book is the first collaboration of art and literati giants Dr. Jaime C. Laya, former Governor of the Central Bank of the Philippines, University of the Philippines professors Dr. Nicanor Tiongson, Alice Guillermo, Ma. Victoria Herrera, artist/critic Cid Reyes, and Ramon N. Villegas, who conceived and edited the book. The book, Herencia: A Legacy of Art and Progress, contains in-depth reviews of nearly 1,000 important works of art accumulated by BPI in the course of its ten mergers and acquisitions - from People’s Bank and Trust Company in 1974 to Prudential Bank in 2005. The books are for sale and available at Ayala Museum, www.myayala.com and at the BPI Foundation office.
Accompanying the artbook Herencia is the guidebook “Appreciating Art Through the BPI Art Collection: A Teacher’s Guide”. Copies of the guidebook were donated to BPI Foundation’s partner universities and schools to promote the teaching and appreciation of art history to Filipino students.
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Guides...
from page 1 Representatives from the MARINA Region 10, PCG, and non-government organizations (NGOs) met Friday afternoon with Task Force Rapids and Cagayan de Oro white water adventure tour operators at the City Mayor’s Office. Pabayo said the meeting—the first of a series– hopes to come up with stringent measures to ensure the safety of tourists riding the white water adventure tours. A raft of Kagay Journey-White Water and Kayaking agency carrying four tourists recently capsized in the Cagayan de Oro River resulting to the death of Aizza Calipusan Balbin, a 26-year-old Boholana nurse. “This accident has wakened all of us. The question now is what can we do more to ensure the safety of the tourists,” Pabayo said. Pabayo said Task Force Rapids is also asking MARINA to conduct regular inspections on the inflatable rafts and other gears used by the Oro Association of Rafters (OAR) in the white water adventure tours. During last Friday’s meeting, MARINA, PCG and NGO representatives questioned the tour operators on their safety protocols. Balbin’s death is the first since white water adventure rafting made Cagayan de Oro famous 15 years ago. “What went wrong? Up to now there are three critical areas to look at: the guides, the tourists, and their rafts,” Francis Rivera, of the Safety Organization of the Philippines Inc., said. Harry de Villa of the Alert 10 radio group, proposed to the tour operators to buy waterproof, ultra-rugged radios that cost between P8,000 to P15,000 instead of using mobile phones for communications. “Many sections along the Cagayan de Oro River are dead spots for mobile phones. A handheld radio is a better option,” de Villa said. De Villa also asked tour operators to increase the river guides assigned to the inflatable rafts from one personnel to two. “The raft that I and my family rode in our tour also capsized and our lone river guide found it hard [to save us]. Lucky that I know how to swim,” he said. There are 90 guides employed by the six outfitter tour operators who hold the franchises for the white water adventure tours in the Cagayan de Oro River. Depending on the safety seminars they underwent and how many tours they guided, the guides are divided into “seniors and juniors.” Chisum Factura, of Kagay Journey-White Water and Kayaking agency, said river guides are paid from P400 to P600 per trip and many are residents living along the Cagayan de Oro River. Dale Vallejos, safety staff of the Philippine Red Cross, said river guides are required to undergo and pass trainings on basic life support, cardiopulmonary resuscitation, emergency first aid and swift water rescue. Pabayo said the key to safety in the river lies on the competency of the river guides, adding that white water rafting is always a dangerous water adventure. “They are the captains of those small rafts. The tourists are their engines. They compel their passengers to paddle to
safety,” she said. Pabayo recommended that the regular 10-minute safety briefing before the tourists begin their tour should be extended to allow them to know the risks and minimize it. She also recommended that tour operators should have river guides that can speak “an international language.”
MinDA... from page 1
She said the initiative is similar to the public-private partnership program of the national government, but its specific target is to entice businessmen to “come up with a more inclusive mode of growth”. MinDA will also ensure that the investment will take off and grow. It will also help facilitate the linkages between the investors and local government units and help the former hurdle the needed government approvals. The agency will also try to provide the needed infrastructure facilities like farm-to-market roads. One of the issues that businessmen raised during the discussion is how Mindanao can help fight off the risks. Businessmen also said MinDA should help them develop the skills of workers -- especially those in agriculture -- in order to produce export-quality goods. Vicente T. Lao, chairman of the Mindanao Business Council, told BusinessWeek Mindanao that the investment program is timely because of the signing of the peace agreement between the government and the Moro Islamic Liberation Front. “We need this initiative to lure investors to Mindanao because an assurance from the government [that their investments will be protected] is what they need,” Mr. Lao added. Ms. Antonino said that there is also the need to develop a brand for products in Mindanao as several from the island are already known internationally, among them brown rice and muscovado sugar from North Cotabato.
Italpinas... from page 1
ITPI is a young Cagayan de Oro property developer specializing in sustainable architecture and design. Its first project, Primavera Residences, is the first eco-friendly condo complex in Cagayan de Oro. “Renewable energy sources such as photovoltaic solar panels can reduce the power consumption of a building and save on electricity costs,” shared Nati. “Energy produced from the solar panels can be used to power some areas, if not all, of the building, thus making it selfsufficient and less reliant on the grid.” According to Nati, integrating these renewable sources with the smart grid technology will further make the building energy-efficient. A smart grid is a computer-based, remote-controlled system that regulates the power supply and efficiency of a building or house. “Designing buildings in consideration of the surrounding environment and local climate will also enable developers to build sustainable structures that can withstand extreme weather conditions. This is what we call high-performance design. However, there is a general misconception that green buildings
are expensive to develop. As a sustainable developer, I believe that constructing sustainable buildings does not need to be costly. You just have to come up with a design that does not use expensive materials in order to build affordable projects,” he added. The conference aims to gather property developers, building contractors, members of the public and private housing sectors, and environmental groups from across Asia to discuss and share ideas on the best measures in building quality housing at affordable prices as well as on sustainable development. It also seeks to address issues on the lack of supply but increasing demand for low-cost housing ITPI president Atty. Jojo Leviste will be moderating a panel on a session called “Venturing into sustainable ways in building low cost houses.” Primavera Residences is an energy-efficient mixed-use development in Cagayan de Oro City. Its green features include cantilevers on the exterior walls that protect the windows from the harsh sunlight during the hottest part of the day, thus lessening the need for aircon use. The building will also be fitted with photovoltaic solar panels on the rooftop to produce its own energy and power its common areas. Because of its eco-friendly features, Primavera Residences has recently been awarded as Best Mixed-Use Development in the Philippines by the prestigious International Property Awards during the 2014-2015 Asia Pacific Property Summit in Kuala Lumpur. To learn more about Primavera Residences, visit the website at www.primaveraresidences.com or call (088) 310-8173, 09177921078.
MAFBEX...
from page 2 Maramag, Bukidnon; the yacón of Doalnara from Claveria, Misamis Oriental; the Cacao Beans of Menzi Orchard Farm from Manolo, Bukidnon; and the export quality fruits of Del Monte Philippines Inc. In this three-day event, the products from the region were saleable in the market and some were sold out such as the coco sugar, organic peanuts, and the yacóns. The producers and exhibitors of the products were also successful in finding potential and interested business partners for collaboration and expansion. MAFBEX is the assembly of leaders and amateurs of the food trade that highlights the current demands of food services in the country and its neighbors. Usually held in the month of June, it is participated by more than 50,000 visitors with 500 booths from different companies across the globe. Seminars on business, particularly in food and beverages and business matching are also conducted in every expo. This year, it is co-located with the first ever ASEAN leg of Salon International de l’Agroalimentaire (SIAL ASEAN), the world’s largest food innovation observatory.
CebuPac... from page 3
Asked if it is seeking more seat entitlements to other destinations, Cebu Air, Inc. General Manager Alejandro B. Reyes said that the company has requested the Civil Aeronautics Board (CAB) to prioritize air talks with Indonesia,
Hong Kong, Taiwan and Australia. “We feel that there’s really a lot of potential in those countries, especially in Hong Kong and Australia,” Mr. Reyes said. “Currently Hong Kong has 15,000 seats available for Philippine carriers, so we’d like to see a substantial increase. There hasn’t been a capacity increase in about six years between the two,” Mr. Reyes said. CAB Executive Director Carmelo L. Arcilla said early this month that it is targeting air talks with Indonesia, Hong Kong and Taiwan in the second semester of the year. This year, the Philippines has so far concluded successful air talks with Canada, Myanmar, New Zealand, Singapore and France. The country will hold air service talks with South Africa on July 9-10. Dubai, Australia and Kuwait are currently Cebu Pacific’s longhaul destinations. Its foreign operations are largely focused on East Asian markets. As part of a strategic alliance, Cebu Air, Inc. agreed in February to acquire 100% of Tigerair Philippines, including a 40% stake of Tiger Airways Holdings Ltd.
Jollibee...
to the fun of driving. The driver can enters the vehicle with the Smart Key, with the Push Start System intelligently locking and unlocking the doors without even a touch of the button. A push button start turns on the engine and illuminates the instrumentation. The instrument cluster is composed of a large central speedometer with tachometer and gear indicator on the left and a multi-info display on the right. Eco coaching ambient lights by the speedo change
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their color to green to promote efficient driving. The Jazz is propelled by a 1.5 liter i-VTEC engine that delivers maximum power output of 120 Ps. A choice of an improved fivespeed manual or Continuously Variable Transmission (CVT), developed under the Earth Dreams Technology, is available. An Eco-Assist system helps further improve efficiency by adjusting the engine, driveby-wire, transmission, and air conditioning performance to improve fuel consumption.
NATURAL TREATMENT WITH NO CONTRAINDICATIONS WITH DRUGS AND OTHER MEDICAL PROCEDURES.
from page 3
The government is aiming to grow the Philippine economy by 6.5-7.5 percent this year. In the first quarter of the year, the homegrown fast food giant recorded a net income of P1.08 billion, up 20.50 percent from a year ago’s P895 million. System-wide retail sales, a measure of all sales to consumers from company-owned and franchised stores, jumped 14.6 percent to P27.31 billion from P23.84 billion in 2013 -- making the first quarter’s performance the highest quarterly organic sales growth in 5 years. The Philippine business posted a 12.3 percent expansion in system-wide sales on the back of a double-digit growth of Greenwich, Red Ribbon and Mang Inasal, coupled with higher same-store sales due to increased volume and consumer visits. The Jollibee group also raised selling prices to cover the increase in cost of raw materials. Compared to domestic operations, JFC’s international business expanded at a faster pace of 24.3 percent with Southeast Asia and the Middle East business growing by 39.1 percent, and China by 22.3 percent.
Jazz...
from page 4 recliner-style seat. Honda Cars Makati president Emmanuel Aligada, Jazz chief engineer Yoshinori Nakamura, Honda Cars Phils., Inc., president Toshio Kuwahara, and president of House of Investments Medel Nera stand next to a Jazz 1.5 VX+ CVT. (Photo by Jacqueline Hernandez) Honda Cars Makati president Emmanuel Aligada, Jazz chief engineer Yoshinori Nakamura, Honda Cars Phils., Inc., president Toshio Kuwahara, and president of House of Investments Medel Nera stand next to a Jazz 1.5 VX+ CVT. (Photo by Jacqueline Hernandez) As for the driver, the Jazz is complemented by a cockpit that assimilates technology, design and textures that add
SERVE THE FOOD THAT HEALS, THE BODY HAS THE POWER TO HEAL ITSELF, THEREFORE ALL REMEDIES AND TREATMENTS SHOULD SUPPORT SELF-HEALING RATHER THAN MASK SYMPTOMS. VEGAN HYGIENIC FOODHAUS, SUPPORT IN NUTRITION AND SUPPLEMENTATION, NON TOXIC, NON INVASAVE CARE TO PREVENT ILLNESS, TREAT ACUTE AND CHRONIC DISEASE: LIKE CANCER, LOWER BLOOD CHOLESTEROL, LOWER BLOOD SUGAR, IMPROVES IMMUNE SYSTEM, CURE HEART DISEASES AND CLEAR TOXIN FROM THE GUT AND VOWELS THAT HAVE NOT RESPONDED WELL TO OTHER COMPLEMENTARY MEDICAL MODALITIES. CONTACT US! MAIN OFFICE: IST ST. SULIT BLDG., ECOLAND SUBD., MATINA DAVAO CITY. PHONE: (082) 286-2606/2868763 CELL#: 09177007206/ 09177006731 (GLOBE) 09194042122/09474706380 (SMART) E-mail: veganhygienicfoodhaus@yahoo.com
BusinessWeek MINDANAO
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Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
Best in Business and Economic Reporting Philippine Press Institute Civic Journalism Community Press Awards 2013
monday|June 30, 2014
IN COOPERATION WITH
A S I A N H I L L S G R O U P O F C O M PA N I E S
P R E S E N T
Deadline extension for nominees: July
15, 2014
JULY 26, 2014 - Awards Night to be held at Centrio Mall Cagayan de Oro City
PA RT I A L L I S T O F N O M I N E E S BANKING & FINANCE:
AGRO & FOOD PRODUCTION
REAL ESTATE/HOUSING
HOTEL & RESORTS
Alrose Group of Companies
Katipunan Bank in Zamboanga del Norte has been extending various forms of financial service in the province in its branches in Mindanao and Visayas. Peoples Bank of Caraga Founded in 1972 as the Rural Bank of Talacogon, Inc., PBC has branches in Bayugan, Cabadbaran, Prosperidad, Sibagat, Digos, Lupon, San Francisco, Sta. Josefa, Compostela, Oroquieta, Talacogon, and Kapalong.
started as poultry& piggery backyard operation back at early 70’s and later diversified into poultry – table egg production, financial services and printing. With Agri-business and Finance as the core business of the Company. Alrose Group of Companies now operates Jollibee, Greenwich to Red Ribbon, bracnches all over the region. It is one of the biggest fast food chain in the Philippines.
Evita Banana Trading Co., Inc. is engaged in Banana and Pineapple
export products supplying Middle Eastern countries, Southeast Asia, and Australia. Evita Banana started in 2006 . Its main office is in Lanang, Davao City. Evita gets its supply of bananas from Davao del Norte, some municipalities of Davao del Sur, and Davao City. Its pineapple export are harvested from Bukidnon.
Sumifru (Philippines) Corp engages in the sourcing,
Cantilan Bank, Inc.
From a one brick-and-mortar branch in 1980, Cantilan Bank has grown to 18 branches and 22 Micro Banking Offices operating in the Caraga Region, Compostela Valley, Davao del Norte, Davao City,
1st Valley Bank is a multi-
awarded rural bank in Mindanao, has 28 branches and 8 financial solution centres and one of the fastest growing financial in Lanao del Norte, Misamis Occidental, Misamis Oriental, Bukidnon, Zamboanga del Norte, Zamboanga del Sur, Zamboanga Sibugay, and the cities of Iligan, Ozamiz, Pagadian, Oroquieta, Dipolog, Cagayan de Oro, Gingoog, and Zamboanga.
Paglaum Multi-Purpose Cooperative, Mis. Occ On November 15, 2007, Paglaum MPC started to operate the Pinoy Coop ATM in Plaridel. In partnership with MASSSPECC, its program initiator, it is connected with the worldwide Megalink, Expressnet and Bancnet providers. It has branches all over Misamis Occidental and Zamboanga,
FICCO - First Community Cooperative (Ca-
gayan de Oro City is the biggest open community cooperative in the Philippines with 156,000 members as of Mar 2012 and assets of 5.6 Billion. Its vision is to uplift the standard of living and quality of life of cooperative members and help build the middle classes of Mindanao.
production, shipment and marketing of various fresh fruits, primarily the export of quality Cavendish bananas, Pineapple and Papayas in China, Japan, Korea, Middle East, New Zealand and Russia. Sumifru has gained high regard in the markets for the excellent quality of its products.
Iluminada Farms Inc.,
of Davao is into producing premium quality, farm fresh eggs. It has been in the industry since 1980. Today, the company distributes its products in most major cities and provinces in Southern and Northern Mindanao. Its other line of business is feed milling, and poultry. PEEDBROS FRAM & TRADING CORP is a tropical fruits and vegetable exporting company based in Panabo City, Davao Del Norte. Its primary goals are to provide high quality produce, responsive service, and competitive pricing. Virgilio Jose, a former military officer established VjANDEP Bakeshop that produces VjANDEP Pastel-a Spanish word for cake and a favorite Cagayan de Oro pasalubong item. The bakeshop’s production expanded significantly following technical assistance and trainings on GMP, HACCP, CP+EMS, MPEX, ISTIV, and packaging and labeling development through DOST’s flagship Small Enterprise Technology Upgrading Program or SET-UP.
Monastery Farms
located at the Benedictine Monastery of Transfiguration at San Jose, Malaybalay City and cited as Outstanding MSMEs awards recently. Its famous brewed coffee packs are the favorites of local tourists.
Also brought to you by:
THE YANSON GROUP OF COMPANIES
Italpinas is a state of the art professional company engaged in architectural and design eco services and real estate investment development. It supplies quality specialized eco services (architecture, interior design, project finance and management), identifying investment opportunities based on the different types of the real estate eco products (residential, commercial, industrial and tourism) in different geographic locations (Europe from Rome and Southeast Asian from Manila) and professional management activities.
Garden Orchid Hotel is located at Gov. Camins Avenue, Zamboanga City and is just a stone's throw away from the airport. It is approximately 10 minutes away form the commercial places like Paseo Del Mar where you can go dining by the sea. Cagwait White Beach Resort
Incorporated in 1962, Alsons Development & Investment Corporation is one of the leading real estate firms operating in Davao City. Since its inception, the company has been at the forefront of the real estate industry in Davao City, with projects such as Las Terrazas, Woodridge Park and Ladislawa Garden Village. It is backed up by the solid group of companies of the late Conrado C. Alcantara, one of Davao’s most prominent pioneers. ABCI is a real estate development company in Northern Mindanao. Its famous project is Xavier Estates due to its flood-free location, excellent infrastructure, own water supply, lush greenery, security facilities, and the largest, best-equipped club in Northern Mindanao. The company has other premiere projects: Teakwood Hills, an idyllic enclave that has a breathtaking view of the mountains and Macalajar Bay, Valencia Estates in Bukidnon, Coral Pebbles Resort & Residences in Misamis Oriental and West Highlands, a golf and residential estate in Butuan.
VCDU REALTY CORP is a real es-
tate developer primarily engaged in rental/ leasing, housing development in the city of Butuan. VCDU REALTY CORPORATION uses the best building technology and state - of the - art "patented forms system" creating the real estate development high quality. Standard of excellence are its top priority which gained high acceptance from its buyers.
Cagwait White Beach Resort was known before as Waikiki Beach of the Philippines when famous American pilot Charles Lindbergh saw the horseshoe formation like his hometown resort in Hawaii islands. People from different different places started flocking to witness the celebrations of Kaliguan Festival in ths resort. Cagwait White Beach was then an ‘Unseen Paradise’ but not anymore.
Dahilayan Gardens and Resort
is nestled at the base of beautiful Mount Kitanglad. It is one of Bukidnon’s finest resorts which encompasses all that you could ask for a place to play, relax and unwind in the middle of some of the most pristine landscape imaginable. It caters to weddings, romantic getaways, family vacations and adventure trips. Combine the comforts of home and the luxuries of a resort that is Dahilayan Gardens and Resort.
RR Family Spring Resort
One of the more awe-inspiring beauty among the many resorts in the Province of Bukidnon is RR Family Spring Resort or popularly known by locals as RR Resort. It is found in a relatively secluded area in Dologon, Maramag 32 kilometers south of Malaybalay City and 10 kilometers south of Valencia City. RR Family Spring Resort is overlooking Pulangi River. RR Family Spring Resort boasts of A family-friendly staff, amenities, and views. The resort is now getting a lot of new visitors and patrons because of its wonderful scenery and theme. It has clean swimming pools which are categorized for both adults and kids.