BusinessWeek Mindanao (September 30, 2013)

MINDANAO DAILY NEWS SECOND SECTION

Monday - September 30, 2013

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PH growth forecasts to exceed 7-percent

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Market Indicators

As of 6:10 pm sept. 26, 2013 (Thursday)

FOREX

PHISIX

US$1 = P43.25

6,407.46 points

19 cents

X

12.96 points

X

Briefly Aqua production N O RT H ER N M i n d a n ao’s aquaculture production went up by four percent in the second quarter of 2013 compared to the 17,682.53 metric tons (MT) posted in the same period in 2012.

The increase was brought about by the good performance of brackishwater and production of seaweeds, said Engr. Cecilio C l a r e t e , C h i e f Ec o n o m i c Development Specialist of the Development Research Division of National Economic Development Authority (NEDA) in the region.

Seaweeds production was recorded at 12,456.58 MT, higher by 4.82 percent from the 11,883.64 MT posted last year while brackishwater registered a 3.03 percent growth posting 4,651.79 MT during the second quarter this year.

Just payment THE amount of P1.8 million has been appropriated for the full payment of the claim for just compensation, documentation and registration expenses for a property affected by the construction of the flyover located in Barangay Carmen, this city.

The appropriation ordinance was enacted during the City Council regular session on September 23 presided over by presiding officer protempore Ramon G. Tabor.

Funds will be taken from the 2012 continuing appropriation of “Non-Office: Land Acquisition and Expropriation” budget.

Ordinance No.12662-2013 also authorizes Mayor Oscar Moreno to sign the corresponding Deed of Absolute Sale for the purpose.

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By LOVELY MAE CASENAS Staff Member

HE recent rebound in Philippine imports suggests higher exports that could bolster Manila’s economy to grow by over 7 percent this year, Singaporebased DBS Bank Ltd. said Friday.

In its latest Da i ly Breakfast Spread, DBS Bank — Southeast Asia’s largest lender — sees the improving Philippine imports feeding d om e s t ic d e m a nd a nd resulting in a recovery in exports receipts.

“Not only does this point to continued strength in domestic demand remains but could be signaling further prepa rat ions by ex por t FACE OF POVERTY. Poverty drives this blind woman to begging for alms in buses in Kidapawan City.

mindanews photo by geonarri solmerano

BSP grants regulatory relief Investment board to conflict-affected banks okays Pulpmill project in M’nao

By IRENE DAYO, Reporter

BANKS in Zamboanga City affected by the recent conflict have been granted regulatory relief by the Bangko Sentral ng Pilipinas (BSP) that will enable them to lift penalties on clients unable to pay dues.

BSP’s Monetary Board issued Memorandum No. M-2013-042 which states: “The Monetary Board, in its Resolution No. 1551 dated Sept. 19, approved the grant of temporary regulatory relief measures to banks with head offices and branches in Zamboanga affected by

armed assault or standoff…”

Relief measures approved by the central bank include “exclusion of t he loa ns of borrowers in affected areas -- which should have been classified as past due loans…on Sept. 9 and those becoming past due until Nov. 8 -- from computation of past due loan ratio.”

T he cent ra l ba n k, however, required banks to “maintain appropriate records on the said loan transactions,” citing the need BSP/PAGE 23

THE Board of Investments (B OI ) h a s p u s h e d f o r investments in an $ 8 0 0 -m i l l ion fore s tbased pu lp mi l l project eastern Mindanao to revive the country’s paper manufacturing industry, which is the only country in ASEAN with no local source of pulp for paper production.

This proposed project was presented at yesterday’s Trade & Industry Development Updates, which presented two roadmaps on paper and project/PAGE 23

Mindanao Daily NEWS

manufacturers,” the report read, referring to the 8.7 percent annual growth in imports in July.

The latest imports data came well above market consensus of a 0.4 percent contraction. “ T h i s s u g ge s t s t h at loca l f irms a re gea ring up for a bounce in export demand towards the yeargrowth/PAGE 23

oro chamber :

Power is key to investments

Responding to reports that Mindanao will have oversupply of power by 2015, Oro Chamber President Efren Uy is encouraging the Department of Energy (DOE) to revisit its power demand forecast.

DOE has given us an annual power demand growth rate of 4.4% Mr. Uy said. “This 4.4% growth estimate for Mindanao has been there before typhoon Sendong and Pablo. So much development has happened after the two disasters,” he added.

In Cagayan de Oro City alone, several malls, hotels, condominiums and residences have been put in place.

Its growth not just doubled but tripled and we are expecting more investments to come. What more with Davao Oriental and the other areas in Mindanao?

Mr. Uy hopes that DOE will appreciate that enough power sources are needed to be able to entice potential power/PAGE 23

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Former House solon says “reliable power” badly needed in Palawan

By Ruth T. Rodriguez

Former 1st District congressman Antonio Alvarez of Palawan does not mind if it’s a diesel- or coal-fired power plant as long as there is “reliable energy supply” which is badly needed to cater to the demands of investors, and to invite more of them to engage in mutually beneficial business ventures in the province.

I n a n i nt e r v i e w, Antonio Alvarez, former

Congressman 1st Palawan’s 1st District, said now the

public office being held by his son Rep. Chicoy Alvarez, and the youngest brother of Governor Jose Alvarez, the province will not fully achieve development and w i l l not be able to get into ot her indust ries if unreliable power supply is disappointing and turning away investors.

His comment was made in light of controversies and

strong opposition by nongovernment organizations (NGOs) against the DMCI Power Corporation’s (DPC) prop o s e d 15 -me g aw at t circulating f luidized bed combustion (CFBC) coalfired power plant eyeing Sitio Marikit, Barangay San Juan in the town of Aborlan in sout hern Pa lawan as relocation site.

The DPC earlier wanted

to construct its coal-fired power plant in Barangay Panacan, Narra, also in southern Palawan. But due to staunch opposition by various NGOs and residents in the said barangay, its endorsement was turned dow n by t he Municipa l Council of Narra.

A lvarez said t here is a n e x i s t i n g c o a l-f i re d power plant in Barangay

Rio Tuba, Bataraza, also in the southern part of the province, and it has no illeffects on the people and the environment in the area.

The coa l-f ired power plant is being operated by the Rio Tuba Nickel Mining C or porat ion a nd C ora l Bay Nickel Corporation (RTNMC/CBNC) for its mining operation. needed/PAGE 21

DOE eyes sale of PNOC’s banked gas Shell, Petron implement

By Joan Santiago

The Department of Energy (DOE) is mulling the sale or disposal of Philippine National Oil Corporation’s (PNOC) ba n ked gas accumulated over the years from the Malampaya project.

In a Department Order issued September 5, 2013, Energ y Secretary Carlos Jericho Pet i l la sa id t he department eyes the sale or disposal of the banked gas since “ based on the energy demand and supply forecast of the DOE, the Luzon Grid may experience tight supply in electricity through 2015-2016 until new power generation facilities come online.”

“Whereas, there is a need to adopt guidelines in the sale and/or disposal of the banked gas by the PNOC subject to the prioritization of the power sector and consistent with existing laws,” it said.

In line with this move, the Energy department formed a technical working group (TWG), which is directed “to propose guidelines for the sale and/or disposal of the banked gas of the Philippine National Oil Company.

The TWG is composed for two representatives from the DOE and one representative each from the PNOC, PNOCExploration Corporation.

It was tasked to draft and propose the legal and technical guidelines for the sale or disposal of the gas “consistent with existing laws.”

It was given a 30-day period, from the issuance of the Order, to submit the proposed guidelines to the PNOC Board for endorsement to the DOE Secretary.

The DOE explained that DOE, in 2009, entered a Deed DOE/PAGE 21

fuel price rollback

MANILA -- Shell Philippines and Petron Corporation announced a roll back on fuel prices effective Sept 29.

In separate text advisories to the Philippines News Agency Saturday, Shell will cut 50 centavos per liter for diesel and 60 centavos per liter for kerosene effective 1:00 AM on Sunday.

On the other hand, Petron will implement price rollback at 12:01 AM on the same day.

Petron announced 50 centavos per liter price roll back for Turbo Diesel and Diesel Max while another 60 centavos per liter for kerosene.

The two big oil companies fuel/PAGE 21

BPI execs bullish on net income, lending business vis-a-vis Fed tapering An executive of the Bank of the Philippine Island (BPI) is bullish on the bank’s 2013 net income even with the looming cut of the Federal Reserve’s US$ 85 billion mont h ly bond-buy i ng program.

BPI President and CEO Cesar Consing said tapering of the Fed’s stimulus program is negative on the bank ’s trading gains but this will be countered by the expected strong lending growth and BPI/PAGE 21

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Almost $1-B worth of BlackBerry Z10 phones unsold TORONTO — BlackBerry Ltd reported a quarterly loss of nearly $1 billion on Friday, in line with last week’s warning, days after accepting its largest shareholder’s tentative $4.7 billion bid to take it out of the public eye.

BlackBerry, which had warned of poor results on September 20, said its net loss for the second quarter ended on August 31 was $965 million, or $1.84 a share.

Revenue fell 45 percent to $1.6 billion from a year earlier.

T he loss i ncluded a writedown of about $934 mi l lion for u nsold Z10 phones, a touchscreen model that the company had hoped

would reverse its fading fortunes. The phone has sold badly with business and consumer customers alike.

“This write-off is very rea l,” said Morningstar analyst Brian Colello. “They bought a lot of inventory hoping to sell it. The auditors were not convinced that BlackBerry can sell it or sell it at prices that the company was hoping for. We see no reason to be more optimistic

than them.”

E x c l u d i n g t h e Z 10 writedown and restructuring costs, BlackBerry reported a loss of $248 million, or 47 cents a share.

The company plans to shed 4,500 jobs, or more than one-third of its workforce, as it shrinks to focus on corporate and government customers. It will not host the typical post-results call for investors after signing a t e nt at i ve $9 - a- s h a re agreement to be acquired by a consor tium led by Fairfax Financial, its largest shareholder, on Monday. phones/PAGE 21

TOU LOUSE , Fr a nce -Philippine Airlines (PAL) has received the first of the 20 new A330-300 planes it ordered from Airbus S.A.S. as part of its massive fleet modernization program.

The aircraft, turned over on Friday here, will be used on October 1 for the f lag carrier’s inaugural flight to Abu Dhabi.

“This is a milestone for Philippine Airlines. We now start the next phase of out fleet renewal, anchored on a new generation of A330300s,” PAL President Ramon S. Ang said in a statement.

He cont i nued: “ T his aircraft enables PAL to open up new frontiers in our rapidly growing network, as well as in our service innovations for our passengers.”

The A330-300 is one of the most popular commercial passenger planes in the world as it allows carriers to f ly long-haul with increased capacity but less fuel burn.

It has been manufactured

by Airbus for nearly two decades.

Si mon A z a r, A i rbu s marketing manager for the twin-aisle aircraft, said a PAL/PAGE 21

G L O B E Te l e c o m I n c launched on Thursday its prepaid long-term evolution (LTE) service in a bid to grow its share of the mobile broadband market.

Grace Ca lara, senior product manager for Tattoo prepaid, said Globe’s mobile broadband now accounts for 6 0 p erc ent of ne w acquisitions, with rivals Smart and Sun sharing the balance of 40 percent.

“We know the segment is young. They are broad C, not purely A and B. As much as possible, we want to come out with products

PAL starts refleeting Globe launches prepaid LTE service that are affordable to our target market,” Calara said.

LTE is the next-generation mobile technology, which promises download speeds of up to 100 megabytes per second (M bps). Globe’s Tat too of fers dow nload speeds of up to 42 Mbps.

Tattoo’s prepaid LTE service will be available through a lifestyle stick at P3,995, as well as a mobile Wi-Fi device which powers up to 10 devices at P4,995 and doubles as a power bank with 3,000 milliamperehour (mAh) that can charge phones and tablets.

Both devices come with free 5 gigabytes worth of data for seven days, allowing users to stream videos, upload photos, play games and apps, and browse through social networking sites at breakneck speeds.

Subscribers ca n a lso avail of standard browsing charges of P5 for 15 minutes or through surfing deals like the new MAXSURF, a volume-based offer that gives subscribers bulk megabytes of surfing, only using up the kilobytes loaded for each webpage regardless of how long users stay on the page.

Dong Ronquillo, Tattoo head of nomadic broadband business, said now is the best time to launch its prepaid LTE service as Globe expands its high-speed Internet coverage.

Globe ha s LTE sites available in select areas in the cities of Makati, Pasig, Quezon, Taguig, Manila, Muntinlupa, Mandaluyong, San Juan and Las Pinas.

The telco has also expanded its LTE infrastructure to key areas in Cebu and Davao as well as the provinces of Bohol, Batangas, Negros Occidental, La Union, Rizal, globe/PAGE 21

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NorMin’s corn harvest up in 2Q PHL won’t import rice beyond WTO commitments in 2014

A TOTAL of 71,357 metric tons (MT) of corn was produced in Northern Mindanao during the second quarter of 2013.

This year’s production slightly surpassed its level in the same period of 2012 by 0.18 percent, said Engr.

C e c i l io C l a re t e , C h ie f Economic Development Specialist of the Development Research Division of National Economic Development Au t h o r i t y ( N E DA) i n t he re g ion du r i ng t he Media Forum held at the NEDA Conference Room Wednesday, September 25.

Reports from the Bureau of Agricultural Statistics (BAS) show that Bukidnon p o s t e d a n i nc re a s e i n production by 5.27 percent from 43,660 MT to 45,961 MT. But Lanao del Norte, the

other biggest source of corn in the region, recorded a decline of 9.64 percent from 22,079 MT to 19,951 MT. Clarete said the negative growth in Lanao del Norte was due to the decrease in yield in white corn because of less usage of inputs and hot weather condition during the period.

On t he over a l l, t he region’s average corn yield went down by 2.41 percent from 2.49 MT per hectare to 2.43 MT per hectare this year.

The region’s production of matured nuts meanwhile decreased by 0.26 percent reaching only 435,605 MT in the second quarter of this

Northern Mindanao remains to be a major producer of corn in the country.

year compared to last year’s level.

Clarete said the effects of tropical storm Pablo caused negative performance in all the provinces in the region.

However, the aggregate green nuts produced during the quarter rose to 615,331 MT or 34 percent higher than

THE Depa r t ment of Agriculture on Wednesday said there would be no need for Philippines to import rice outside the commitments under t he World Trade Organization (WTO).

Because of its commitments with trading partners, Philippines imports 350,000 metric tons (MT) of rice under the minimum access volume (MAV) at 40 percent duty.

Imports outside the MAV are levied a 50 percent duty.

“Definitely there will be no more importation to be made outside of the MAV next year,” Agriculture Undersecretary for Field Operations Dante Delima said.

This year, only 205,000 MT had been imported so far under the MAV, Delima, who heads the National Rice Program, said.

the 460,230 MT produced in the same quarter last year.

Clarete said more green nuts were ha r vested in Misamis Oriental during the period due to the higher prices of fered and high demand of young buko for juice and processing of meat for some delicacies.

Crop damaged by ‘Odette’ reaches P59.54M THE country’s farm sector su f fered P59.54 mi l lion wor t h of d a m a ge f rom Super Typhoon Odette, the Department of Agriculture said Tuesday, citing t he Cordillera Administrative Region, Regions 1, 2, 4B and 5 as the areas most a f fected in Nor t hern Luzon.

The most da maged c r o p s we r e r i c e , c or n , vegetables, and bananas, the department noted. The ty phoon affected 13,491 he c t a re s of a g r ic u lt u re

l a n d s , 141 h e c t a r e s of which will have no chance of recovery, it added.

Region 2 suf fered production losses estimated at P25.91 m i l l ion, t hen Region 1 at P20.75 billion.

A g r i c u l t u r e Undersecretar y for f ield operations Dante Delima said the areas affected were Crops that were maturing and in the early stages of development were damaged.

T he los s f rom pa l ay production was placed at

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P45.43 million, involving 2,630 metric tons (MT) of the commodity in 13, 290 hectares of which 77 hectares were completely lost.

Delima said the National Food Authority will help farmers dry paddy rice that could be still be saved and provide seeds for replanting.

T he cor n sec tor lost a n est i mated P372 , 60 0 involv ing 12 MT of t he com mod it y, w it h seven he c t a re s of c or n c rops damaged beyond recovery, the department said.

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Da maged vegetable crops reached P2.27 m i l l ion equ iva lent to 155 M T of pr o du c e i n 51 hectares of cultivated areas. At least 28 hectares of crops were completely lost.

Banana farms lost a n est i mated 28 M T of t h e pr o du c e v a lu e d a t P555, 0 0 0, w it h a l l f ive hectares of the damaged plantation having a good cha nce of recover y, t he department noted.

The typhoon barreled through Northern Luzon over the weekend.

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ComVal farmers get 174,140 rubber seedlings COMPOSTELA Valler -- Compostela Valley Governor Arturo T. Uy has distributed 174,140 rubber seedlings to identified Comvalenyo farmers coming from President Benigno S. Aquino III through the Department of Agriculture (DA) and the Department of National Defense (DND) under the PAMANA (Payapang Masaganang Pamayanan) Program.

Provincial Crops Division Head Minda Agarano said that the Department of the Interior and Local Government (DILG) has turned-over 56,140 seedlings to the province from the PAMANA of DND. Adding to it are the 118,000 rubber seedlings from the DA. Municipal recipients are the following: Maco– 9,906 rubber seedlings; Compostela– 14,769; Pantukan–7,940; Mabini– 4,000; Nabunturan– 14,769 and; Monkayo– 35,454 in which RIFABMCO received 12,020 seedlings.

Since Laak has the larger rubber area affected by Typhoon Pablo, 94,000 rubber seedlings were given to them in which 7,000 seedlings came from DA’s regular program while 87,000 from their Rubber Rehabilitation Program.

Demand from US, Europe push PHL coco oil exports up 18% in Aug. Higher dema nd f rom traditional markets lifted Philippine coconut oil exports by 18 percent i n Aug ust, United Coconut Association of the Philippines (UCAP)

sa id Tuesday.

Coconut oi l E x por ts in August reached 49,105 m e t r i c t on s (M T ), u p f rom 41, 52 3 M T a year earlier, said UCAP Executive Director Yvonne Agustin. “There ha s be en a n upt ick i n dema nd i n t rad it iona l ma rkets,” she added.

Eu rop e a nd Un it e d St at e s a re t he bi g ge s t buyers of Phi lippine coconut oi l.

T he e x p or t volu me l a s t m o n t h , h o w e v e r, was the lowest so far this yea r because of delays i n copra deliveries, t he UC A P o f f i c i a l n o t e d , saying the late deliveries also causes prices of the com mod it y to go up.

C o c onut oi l i s now fe tch i ng $9 70 to $98 0 per MT in t he world market last month from $870 to $875 per MT i n Ju ly. – GM A News

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East West Bank board September inflation pegged at 1.9-2.8% okays P10-B fund-raising INFLATION this month likely settled well below the full-year target range, the Bangko THE banking arm of the Gotinanun Group will beef up Sentral ng Pilipinas (BSP) said. its capital with the sale of P10 billion worth of IOUs. In a disclosure to the Philippine Stock Exchange, East West Banking Corporation said its board approved the issuance of securities that qualify as capital under Basel 3, which is the latest international standard for bank capital.

East West said the securities would be sold in one or more tranches and would form part of its regulatory capital compliance with the Bangko Sentral ng Pilipinas (BSP) guidelines on Basel 3.

The BSP however has yet to approve East West’s planned captail-raising, which comes on the heels of a plan to exercise a call option to redeem P1.25 billion worth IOUs five years ahead of maturity, or by January 25, 2014. The notes that are subject of the buyback have an original redemption date of January 26, 2019 and qualify as tier 2 capital.

Tier 2 capital refers to IOUs that qualify as capital, albeit a rung lower than owner’s equity, which is considered as tier 1 capital.

East West has been aggressive in offering corporate and consumer loans.

At end-June, its loans rose by 51.5 percent year-on-year, with loans to businesses, mostly to mid-size corporates, up 60 percent, whereas consumer loans grew by 45 percent.

East West grew its assets by 41 percent to P130.9 billion this year from P92.8 billion last year, while its deposit liabilities rose by 50 percent to P101.5 billion from P68 billion over the same period.

The bank’s net income rose 40 percent to P1.28 billion in the first half this year from P914.2 million last year.

Besides East West, the Gotianuns are also into property through Filinvest Land and in sugar production, among other business, through holding firm Filinvest Development Corporation.

BSP Governor Amando M. Tetangco Jr. said the central bank forecast inf lation – which is the average increase in prices of all consumer products and services – to have settled between 1.9 and 2.8 percent in September.

The BSP set a 3-5 percent target for inflation in 2013.

But in the first eight months

of the year, price increases have averaged 2.8 percent, or well below the lower end of the central bank’s target, after dipping to 2.1 percent in August, the lowest since August 2009.

Despite the below-target forecast for this month, Tetangco said price increases inflation/PAGE 21

THOUSANDS of agrarian reform beneficiaries across t he Ca raga reg ion w i l l benef it from t he Socia l Secu rit y System’s (SSS) recent accreditation of a Mindanao-based cooperative as a collecting partner agent (CPA), enabling the farmers to pay their contributions and loans thru their designated representatives who can receive their payments and remit them to SSS. SSS Senior Vice President for Accounts Management Judy Frances See cited the Baug CARP Beneficiaries Multi-Purpose Cooperative (BCBMPC) as being the first organization accredited as both an SSS collecting and servicing partner agent, after it signed an agreement with SSS on its new CPA status during ceremonies at the SSS

Main Office in Quezon City on September 27.

“We commend BCBMPC for its init iat ive a nd dedication in collaborating w it h SSS for t he socia l protection of its thousands of farmer-members,” See said.

BCBMPC, which operates eight branches in Northern Minda nao t hat prov ide va r iou s l ivel i hood a nd financial programs to its over 7,500 members, was initially accredited as an SSS servicing partner agent (SPA) last June 7, 2013.

As an SPA, the cooperative is allowed to receive its members’ applications for SSS registration, member loans and funeral claims, thereby providing convenience to its farmer-members, especially those in far-flung areas who

SSS strengthens partnership with Caraga farmers’ coop have limited access to SSS branches. In return, the SSS pays a P4.00 service fee to the SPA for every approved transaction.

Now, as an accredited CPA, the cooperative is aut horized to designate representatives who can collect from its members t heir SSS pay ments for contributions, member loan amortizations, and other miscellaneous payments, such as the replacement f e e f o r t h e i r Un i f i e d Multipurpose Identification System or “UMID” card.

The SSS will pay BCBMPC a P6.00 service fee for every posted payment transaction.

“The partnership between SSS and BCBMPC is mut u a l ly-rewa rd i ng , in that we both meet our goal of providing service

convenience a nd socia l protection to our members,” See noted.

Apart from its dual role as an SPA and CPA, BCBMPC is also SSS’ partner in the microsavings program for informal sector workers called the “AlkanSSSya.” Last June, the cooperative voluntarily subsidized the cost of t he A l ka nSSSya unit for the Maga llanes C a b a d b a r a n Tr i c y c l e O p er ators a nd Dr ivers Association (MCTODA), a move that benefited nearly a hundred public transport workers, including several BCBMPC farmer-members who earn additional income from driving a tricycle inbetween cropping seasons.

“The accreditation of SPAs and CPAs as well as SSS/PAGE 21

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Hon. Jejomar C. Binay Vice

CONGRATULATES THE AWARDEES OF COMPREHENSIVE LAND USE PLANS (CLUPS) AS PART OF THE CLUP ZERO BACKLOG PROGRAM 11:00 a.m. September 27, 2013 (Limketkai Center, Cagayan de Oro City)

A. GOLD 1. Baungon, Bukidnon 2. Impasug- ong, Bukidnon 3. Kitaotao, Bukidnon 4. Mahinog, Camiguin

LIST OF AWARDEES - Vice Mayor Enriquito E. Beja in behalf of Mayor Pedro Alvarez - SB Member Miguel D. Jitgano in behalf of Mayor Mario T. Okinlay - Mayor Lorenzo A. Gawilan, Jr. - Mayor Alex R. Jajalla

B. SILVER 1. Libona, Bukidnon - Vice Mayor Aurelio B. Lopez in behalf of Mayor Totom Calingasan 2. Pangantucan, Bukidnon - Antonieto G. Garces,

C. BRONZE 1. Malaybalay City, Bukidnon 2. Naawan, Mis. Or. 3. Cagayan de Oro City

- Engr. Adrian R. Gamboa, CPDO in behalf of Mayor Ignacio Zubiri - Mayor Jaime C. Roa - Ramon L. Fernandez in behalf of Mayor Oscar “Oca” S. Moreno

MPDC for in behalf of Mayor Manolito Garces 3. Sumilao, Bukidnon - Mayor Rey B. Baula 4. Talakag, Bukidnion - SB Member Abdon V. Pacuno in behalf of Mayor Nestor Macapayag

Mayor Lorenzo A. Gawilan, Jr. KITAOTAO, BUKIDNON - GOLD AWARDEE

5. Alubijid, Mis. Occ. - Mayor Alvin Giovanni A. Labis 6. Gingoog City, Mis. Or. - Ancio Felisan, CPDO in behalf of Mayor Marie Guingona 7. Tudela, Mis. Occ. - Mayor Estela O. Estafio

Mayor Omaradji C. Pizarro KALILANGAN, BUKIDNON - AWARDEE

Antonieto G. Garces, MPDC

Mayor Rey B. Baula

SUMILAO, BUKIDNON - SILVER AWARDEE

(in behalf of Hon. Mayor Manolito Garces) PANGANTUCAN, BUKIDNON - SILVER AWARDEE

Mayor Osmundo N. dela Rosa

Mayor Jerry O. Canoy

MALITBOG, BUKIDNON - AWARDEE

KADINGILAN, BUKIDNON - AWARDEE

Mindanao Daily 19 NEWS

Monday | september 30, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

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President of the Philippines With the presence of Hon. Antonio M. Bernardo - CEO of HLURB and Hon. Yevgeney Vicente Emano, Governor, Misamis Oriental

D. C E RTIFICATE OF COMPLETION 1.

2.

3.

4.

5.

6.

Cabanglasan, Bukidnon - Mayor Renante V. Inocando Don Carlos, Bukidnon - Mayor Felix S. Manzano Kandingilan, Bukidnon - Mayor Jerry O. Canoy, Sr. Kalilangan, Bukidnon - Mayor Omaradji C. Pizarro Malitbog, Bukidnon - Mayor Osmundo N. dela Rosa Manolo Fortich, Bukidnon - Hon. Mario Albarece, SB Member for in behalf of Mayor Rogelio Quino 7. Quezon, Bukidnon - Vice Mayor Joseph T. Purotan, Sr. in behalf of Mayor Gregorio LI. Gue 8. San Fernando, Bukidnon - Mayor Levi C. Edma, Sr. 9. Valencia City, Bukidnon - Dr. Policarpio P. Murillo IV, SP Member for in behalf of Mayor Jose Galario Jr. 10. Catarman, Camiguin - Mayor Nestor A. Jacot

11. Sagay, Camiguin - Mayor Joseph G. Uayan 12. Iligan City - Mayor Celso G. Regencia 13. Baroy, Lanao del Norte - Mayor Rosa D. Olafsson 14. Kapatagan, Lanao del Norte - Mayor Benjie Y. Baguio 15. Linamon, Lanao del Norte - Mayor Noel N. Deafio 16. Munai, Lanao del Norte - Mayor Muammar John S. Maquiling 17. Tubod, Lanao del Norte - Mayor Nelieta Q. Noval 18. Aloran, Mis. Occ. - Jocelyn M. Roa, OIC-MPDC 19. Baliangao, Mis. Occ. - Mayor Agne V. Yap, Sr. 20. Bonifacio, Mis. Occ. - Mayor Evelyn C. Dumanjug 21. Calamba, Mis. Occ. - Mayor Ezel T. Villanueva 22. Clarin, Mis. Occ. - Mayor Elsa F. Navarro 23. Don Victoriano, Mis Occ. - Mayor Rodolfo D. Luna 24. Jimenez, Mis. Occ. - Mayor Rosario K. Balais 25. Oroquieta City, Mis. Occ. - Eleuterio Blasco, Jr., SP Member

26. Ozamis City, Mis. Occ.- Mayor Reynaldo O. Parojinog, Sr. 27. Panaon, Mis. Occ. - Vice Mayor Rosanne Marie I. Paylaga-Lim 28. Tangub City, Mis. Occ. - Mayor Philip T. Tan 29. Binuangan, Mis. Or. - Vice Mayor Marcelo Z. Abao 30. Claveria, Mis. Or. - Mayor Redentor N. Salvaleon 31. El Salvador City, Mis. Occ - Ma. Linda Bajuyo, CPDO 32. Initao, Mis. Or. - Vice Mayor Cora Z. Sayre 33. Lagonglong, Mis. Or. - Engr. Warviz A. Wasil, MPDC 34. Laguindingan, Mis. Or. - Mayor Oliver L. Ubaub 35. Libertad, Mis. Or. - Mayor Mario M. Jagus 36.0pol, Mis. Or. - Vice Mayor Chizarina M. Ortigoza 37.Salay, Mis Or. - Mayor Romeo L. Gue, Sr. 38. Tagoloan, Mis. Or. - Mayor Paulino Y. Emano 39. Talisayan, Mis. Or. - Mayor Rommel C. Maslog

By VANBOYD “BONG” TORRES,Correspondents

Hon. SP Dr. Policarpo P. Murillo IV (in behalf of Hon. Mayor Jose Galario VALENCIA, BUKIDNON - AWARDEE

Jr.)

Hon. Vice Mayor Joseph T. Durotan, SR (in behalf of Hon. Mayor Gregorio Ll. QUEZON, BUKIDNON - AWARDEE

Gue)

Hon. Mayor Estela O. Estaño TUDELA, MIS. OCC. - SILVER AWARDEE

Hon. SB Mario Albarece

(in behalf of Hon. Mayor Rogelio Quiño) MANOLO FORTICH, BUKIDNON - AWARDEE

Hon. Mayor Renante V. Inocando CABANGLASAN, BUKIDNON - AWARDEE

Hon. Mayor Alex R. Jajalla

MAHINOG, CAMIGUIN - GOLD AWARDEE

20 Mindanao Daily NEWS

Monday | september 30, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

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AWARDEES: NESTLE

PRYCE PLAZA

AYALA LAND INC.

SONY APPLIANCES

CEBU PACIFIC AIR INC.

UNION GALVASTEEL

Airlines Industry

Home Bldg & Materials Industry

COCA-COLA BOTTLERS PHILS INC.

SUN CELLULAR

Food Processing Industry

Housing & Real Estate Industry

Beverage Manufacture

SAN MIGUEL BREWERY Beer Industry

DEL MONTE PHILIPPINES Agro Industry

RIZAL COMMERCIAL BANKING CORP. (RCBC) Banking & Loans Services

GOTHONG SOUTHERN Shipping & Cargo Services

Hotel Industry

Appliance Industry

Mobile Comm. Service Provider

MY SOLID TECHNOLOGIES

Cellular Phone Manufacture

MX3

Herbal Industry

SUPER 5

Public Transport Industry

SM PRIME HOLDINGS

Malls & Superstores Industry

Mindanao Daily 21 NEWS

Monday | september 30, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Needed... from page 14

“May coal-fired power plant naman sa Bataraza pero wala namang problema (There is a coal-fired power plant in Bataraza but there is no problem),” Alvarez said.

Pa lawa n is hav i ng difficulty inviting investors because t he problem of stable power supply remains waiting and unresolved, according to the former House representative.

“Other industries are wa it ing. It w i l l be ver y expensive for those who want to put in investments to Palawan, and yet they cannot see reliable power. It’s going to be very expensive for them to construct their business ventures if they will be the ones to also provide their own power supply,” he further stated.

He is suggesting that a separate set of guidelines be crafted and implemented to set standards for investments like coal-fired power plant to ensure they are safe and will not bring harm to the environment and the people.

This set of guidelines shou ld be re v iewed by t he Pa lawa n Prov i ncia l Board and the public to ensure strict compliance, and to avoid turning away investment opportunities that could help the province’s economic development.

“I am not really particular if that is diesel-fired or coalfired. What is important is that there is reliable power.

For what are regulations of the government if investors are following them, and complying, and yet we will not allow them? It is also not fair to the proponent,” he said.

Alvarez said that like what his governor brother is saying: “Everyone should know what is permitted and what is not.”

In our country, coal-fired power plant is permitted,” Alvarez said. (PNA)

BPI...

from page 14

higher interest rates.

Asked on the effect of these developments on the bank’s net income Consing said: “I think it’s going to be okay.”

L a s t ye a r, t he ba n k registered an unaudited net income of P16.3 billion, up 27 percent against the previous year’s P12.8 billion.

The bank ’s return on equity (ROE) stood at 17.5 percent last year while return on assets (ROA) was at 1.9 percent.

Former BPI President and CEO Aurelio Montinola III said they have set a 12-15 percent income growth target for this year but Consing, who took over the bank’s helm in the middle of this year, declined to give any targets.

At the end of the first half of 2013, BPI’s total assets reached P1.02 trilion while market capitalization reached P341 billion during the same period.

Net income at the end of

the said period posted a 27 percent jump to P12 billion over the P9.4 billion same period last year.

Meawhile, even with the expected rise in interest rates Consing remains positive that the bank’s lending business will continue to grow at a double-digit pace.

“There’s so much growth (in the domestic economy,” he added.

Relat ively, B SP SV P Alfonso Salcedo said lending business is ex pected to continue to grow in 2014 once more projects under the public-private partnership (PPP) initiative are awarded.

He said the Fed tapering, although a negative on the bank’s trading business, is “good for customers and businesses.”

“Because there’s a lot of l iqu id it y ba n k s w i l l b e l e n d i n g . I f t h e r e ’s competition, you will get better rates,” he added. (PNA)

DOE... from page 14

of Sale agreement for the sale of the gas to PNOC. PNOC has purchased 108.6-petajoules of banked gas from the 1,200-megawatt Ilijan natural gas power plant for P14 billion.

T he ba n ked gas was projec ted to generate capacity of about 250 to 300 megawatts. (PNA)

Fuel...

from page 14

said fuel price roll back is pushed by movements in the international oil market and stronger peso.

Meanwhile, Shell and Petron have yet to cut price on gas.According to Department of Energy (DoE), average price of diesel in Metro Manila as of September 23 posted at P43.40 while gas at P52.20. (PNA)

Phones... from page 15

The Waterloo, Ontarioba s ed compa ny ’s ste ep revenue decline and mounting losses have revived fears that BlackBerry, a pioneer in the smartphone sector, faces an ignominious death.

“We are very disappointed with our operational and financial results this quarter and have announced a series of major changes to address the competitive hardware environment and our cost structure,” Chief Executive Officer Thorsten Heins said in the earnings statement.

BlackBerry said Heins was available for an interview.

The company said it had sold 5.9 million mostly oldermodel phones in the quarter but only recognized revenue from 3.7 million, given that many sales had already been booked. By contrast, Apple Inc sold 9 million of its new iPhone 5c and 5s models in the three days after launch.

Shares of Black Berr y rose 2 percent to $8.11 in trading before the market opened. The stock remains far below Monday’s bid price, indicating doubts that the Fairfax deal would be completed or a rival offer

northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

would emerge.

BlackBerry said last week it would no longer market its devices to consumers, instead focusing on t he professiona l u sers t hat brought its first success and won the little devices the moniker “Crackberry” for their addictive nature.

That retreat from the consumer market has already had an impact. Telecom operator T-Mobile US Inc said it would no longer stock the devices in its stores, instead shipping them to anyone who come in to order a BlackBerry.

Spr i nt C or p, one of T-Mobile’s larger rivals, will take a “wait-and-see” approach.

One of BlackBerry’s main contract manufacturers, Jabil Circuit Inc, said it probably would part ways with the company, its second-largest customer.

PAL...

from page 15 total of 1,256 airplanes within the A330 family have been ordered since its launch in 1994, with 1,008 delivered to date.

PAL ordered 20 of the w ide-bod ied A330 -30 0s along with 44 narrow-bodied A321s last year in a deal worth $9.5 billion. The flag carrier has been working to modernize its fleet to expand its business and enjoy savings from lower maintenance and fuel costs.

“This is the largest aircraft order in Philippine history, and we’re delighted to partner once more with Airbus in creating aviation history,” Ismael S. Gozon, PAL senior vice-president for operations, said in a speech during the turnover.

Mr. Gozon called the arrival of the A330-300 as a “game changer” for PAL, especially for its high-density routes like the Middle East, Hong Kong and Singapore.

PAL is especially targeting t he la rge popu lat ion of overseas Filipinos in the Middle East, he explained.

The A330-300 will be configured as a mono-class or all-economy aircraft. It can accommodate 414 passengers, with 39 seats in premium economy and 375 seats in economy class.

PAL is slated to begin f lights to Abu Dhabi and Dubai in the United Arab Emirates; R iyad h a nd Dammam in Saudi Arabia; and Doha in Qatar.

While it currently operates along those routes, it does so code-sharing agreements with Etihad Airways and Emirates, with PAL relying on t he aircraf t of t hese foreign carriers.

PAL stopped f lying to Saudi Arabia in 2011 and the United Arab Emirates in mid-1990s due to commercial reasons, according to the company.

A i rbu s i s s chedu led to deliver six each of the A330-300s and the A321s this year, with the others to be delivered over the next four years. Three A321s have already been released this

year along with the first A330-300, Jean-Francois Lava l, Airbus execut ive vice-president for sales in the Asia-Pacific said at the sidelines of the turnover.

“We are on track with production,” Mr. Laval said.

Globe...

from page 15 Aklan, Laguna, Bulacan, Nueva Ecija, Nueva Vizcaya, Cavite, Cagayan, Pangasinan, Isabela, Ilocos, Quirino, Tarlac and Boracay.

“Consumer behavior has changed and more and more people are consuming data more frequently everywhere.

We are responding to our market’s need for speed,” Ronquillo said.

Inflation... from page 17

however were noted in rice, selected oil products and electricity.

“The BSP would continue to clos ely mon itor t he developments that shape the outlook in prices and economic activity to ensure t hat monetar y policy is directed at safeguarding price stability in an environment of sustained economic growth,” he said.

Amid the below-target inf lation so far this year, the BSP has kept its policy rates at 3.5 and 5.5 percent for the overnight borrowing a nd le nd i n g w i nd ow s , respectively.

It has also kept the yields at the special deposit accounts at a uniform two percent, also a record low for these instruments that are used to siphon off excess liquidity in the financial system.

KIMBERLITE PAWNSHOP MALAYBALAY BRANCH

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

www.johndprovoice.com

SSS...

from page 17

the AlkanSSSya Program are part of our intensified ca mpa ig n to br i ng SSS protection to vulnerable, hard-to-reach workers. It is our goal to ensure that informal sector workers have access to the same SSS programs and benefits that their counterparts in the formal sector receive,” she added.

“I n ef fec t , t h is new agreement makes BCBMPC our first three-in-one partner agent, since it now has existing tie-ups with SSS as a servicing and collecting agent, and an AlkanSSSya partner.

This is in addition to t heir distinction as t he first organization outside of Luzon to gain accreditation as our SPA,” See said. “We hope other organizations in Mindanao, as well as in other parts of the country, will follow its example.” (PNA)

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

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CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491

LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739

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CORRALES BRANCH Corrales Ave., Cagayan de Oro City

Fun Page

22 Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

Editor : Clifford Santillan, E-mail: santillan.clifford@yahoo.com

Spain end last-four drought with El Salvador win

Monday | september 30, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Spain are into their first FIFA Beach Soccer World Cup semi-final for five years after outlasting a brave El Salvador with a narrow 2-1 win.

Just three goals were score in a tense encounter with Antonio hitting a spectacular winner just two and a half minutes from full time with a goal worthy of settling any contest.

Group A winners Spain scored midway through the first period with a Llorenc header, and they could have extended the margin as Fran Meijas clipped the post with a snap shot.

El Salvador, who finished fourth two years ago in Ravenna, grabbed a crucial equaliser as Walter Torres drove a penalty into the roof of the net just before the end of the second period.

Then came Antonio’s dramatic intervention as La Furia Roja set up a semi-final match-up with Brazil on Friday. fifa.com

clifford’s

Daily HOROSCOPE AQUARIUS (January 20 – February 18) -Don’t spend too much time thinking about what needs to be done -- just do it and keep moving. You should be able to make things a lot better for yourself, your family and everyone else you care about.

PISCES (February 19 – March 20) - You love a good mystery -- more than most, in fact. Today brings the opportunity to explore something deep and weird and kind of cool, so dive in and see where this takes you.

ARIES (March 21 – April 19) - Your mind is on your home life today, so make sure that you’re giving it whatever it deserves. You may decide that you need to pack up and take a step backward -- so you can get going again soon!

TAURUS (April 20 – May 20) - Your car troubles may get worse today -- or get started, if things have been humming along well for a while. It may be a good time for you to take your car in for service, actually.

GEMINI (May 21 – June 21) - You can get away with some extra down-time today -- it’s not selfish! If anything, you’re powering yourself up to help out some friends in need who just haven’t asked you for assistance yet.

CANCER (June 22 – July 22) - All eyes are on you -- but in a good way! You should find that you’re solidly in the spotlight as your recent actions make you look better than ever. It’s a great time to give a speech!

Mindanao Daily News’

GAMERS’ Treat

Social Section If you like to greet your friends or just wanted to have some text mates through our publications, just text this number : 09269919077 or you can message it to our FB Fan Page ( Mindanao Daily Fan Page ) -- Hi mdn, i need girl txmyt willing makigm8 kna bootan, 18 to 23 age, im al. Hers my # 09163012309.

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Officially for GAMERS, by GAMERS

DEAD SPACE 3

A new franchise from one of the PlayStation’s top developers? No wonder buzz has been building over the past year for The Last of Us from Naughty Dog, creators of Crash Bandicoot, Jak and Daxter, and, best of all, the Uncharted series. The new game is a horror-themed action-adventure that follows Joel and the younger Ellie across a post-apocalyptic America teeming with zombie-like infected humans and small groups of healthy survivors.

SUDOKU How to play the game?

Fill in completely every rows, columns and diagonals of each puzzle without repitition

of the same digit.

Yesterday’s Answer

LEO (July 23 – August 22) - You’re feeling quite sensitive today -- which can be a really good thing if you work it right! Make sure that you’re paying close attention to your emotional responses, as they are almost psychic powers.

VIRGO (August 23 – September 22) - You need to whip your home or office into shape today -get organized and make sure others follow along with you! You’re the expert, and your energy is great for getting folks to do what’s right.

LIBRA (September 23 – October 22) - Someone in your life needs help with their decor or their style -- and you are the right person to lend a hand. Your energy is a bit lower than usual, but you light up when it comes to beauty.

SCORPIO (October 23 – November 21) - Travel is a big deal to you right now -- you may be inspired to drop everything and head out on the road, or at least to plan a major trip overseas.

Go for it -- it’s sure to lead you to the right place.

SAGITTARIUS (November 22 – December 21) You are certainly an idealist, and it really shows on a day like today -- but it’s too bad there’s so little you can do to push your beliefs forward!

At least you can make a stand and show the world who you are.

CAPRICORN (December 22 – January 19) - You have to focus all your energy like a laser on one person who is especially deserving of your love -- or wrath! You should know immediately who it is, but if not, don’t take much time pondering.

Amazing Facts!

Did you KNOW?? ..

The biggest canyons in the world are under water.

Beneath the Bering Sea off Alaska there are seven giant canyons: Bering Canyon, 240 miles long; Navarin Canyon, 60 miles wide; Zhemchung Canyon, 9000 feet deep. In comparison, the Grand Canyon in Arizona is only 10 miles wide, one mile deep and 250 miles long.

CROSSWORD puzzle across 1. Not imported 6. Wetlands 11. Fragrance 12. Speak 13. Stare 14. Hail 15. Radium’s symbol 16. Half an em 17. Pleasant 19. Remote 20. Dispose 22. Scale note 23. Bursts 24. Indelible_ 26. Lubricate 27. Manila money 29. Article 30. Child 33. Curve 34. Hairpieces 36. Russian affirmative

37.

38.

39.

41.

43.

44.

45.

Biblical land Egypt-Syria union Prince Noise Feebleminded one Bert’s buddy Stitches DOWN 1. Type of beer 2. Bataan town 3. Policeman 4. So be it 5. Musical note 6. Change position 7. Land measure 8. Radium’s symbol 9. Belt 10. Perceives sound 14. High card 18. Annoy 19. People 21. Round object

23. Math constant 25. Veto 26. Rosebud’s surname 27. Break 28. Blunder 29. Express 31. Figure of speech 32. Pub sport 34. Move in the water 35. “Smooth Operator” singer 38. Corn or verse prefix 40. Old NAIA 42. World body 43. Form of to be Yesterday’s Answer

Mindanao Daily 23 NEWS

Monday | september 30, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Growth... from page 13

end, as conditions in the global economy continue to improve,” the report read.

T hu s , DB S proj e c t s “exports chalking doubledigit grow th starting in August onward.”

After being a drag to grow th in the first half, exports is now seen by DBS fueling the economy in the second half.

“Coupled with the still solid picture in the domestic economy, growth may even surpass our current 7 percent forecast for 2013,” the report read.

The July imports growth is the second expansion posted for the year, and is the fastest since December 2012.

The uptick was due to a 33.1 percent yea r-onyear growth in imports of electronics, the Philippines’ top export product.

The view is shared by Philippine economic officials, who see t he elec t ron ic arrivals as boosting outbound shipments in the coming months.

“This reflects the broadly upbeat prospects for the country’s export-oriented electronics industr y for the remaining months of 2013,” Rolando Tungpalan, Deputy Director-General at the National Economic and Development Authority, n o t e d i n a n e -m a i l e d s t atement to re p or ter s Wednesday.

The government expects imports to grow by 12 percent and exports by 10 percent this year. It also targets a 6 to 7 percent economic expansion this year from 6.8 percent in 2012.

Buoyed by a resilient services sector as well as robust manufacturing and construction activities, the Philippine economy grew at the fastest rate in Southeast Asia of 7.5 percent in the second quarter.

BSP...

from page 13

to “pass on such regulatory… measure to borrowers.”

With the regulatory relief, all “monetary penalties” for banks’ late submission of all supervisory reports due to be submitted from Sept. 9 to Nov. 8 will be lifted. n Sept. 9, more than 300 members of a faction of t h e Mor o Nat ion a l Liberation Front occupied coastal villages and parts of Zamboanga City -- taking civilian hostages in a bid to blunt a military assault -- to press their bid for an independent state. The conflict enters its 18th day today, even as government has claimed to have contained the rebels.

Last month, the central ba n k a lso g ra nted a regulatory relief to banks affected by typhoon Labuyo (international name: Utor) and tropical storm Maring (international name: Trami).

Similar relief measures were also offered to banks affected by other calamities

such as t y phoons Pablo (international name: Bopha), Gener (Saola) and Helen (Kai-tak) in 2011 and tropical depression Quinta (Wukong) last year.

Project...

from page 13 rubber industries.

BOI Governor Lucita Re ye s s a id a tech n ic a l working group has been formed to come up with the parameters of the proposed project.

Initially, the proposed forest-based pulpmill project w i l l have a produc t ion capacity of 330,000 tons per year or daily production of 1,000 tons daily.

The target market for the market pulp grade paper made from hardwoods is the the local market demand for bleached and unbleached pu lps. There is a lso a n export market demand of 180,000 tons year of bleached hardwood pulp.

The raw materials base for market pulp grade paper are mostly fast-growing species Acacia and Eucalyprus trees.

To supply this demand, the project proposal said this would require 20,000 hectares industrial tree plantation and 30,000 hectares agro and social forestry. This proposed project is expected to provide with the much needed pulp for domestic paper production.

B a s e d on t he pap er roadmap, the industry has no local source of pulp but is relying on waste papers to produce 1.2 million tons

northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

of paper annually.

To produce 1.2 million metric tons per year (mtpy) of paper, paper mills have to import 25 percent of their waste paper requirement because there is not enough lo c a l supply w h i le t he recovery rate is low at 49.9 percent only because of the poor quality of the local wastepaper.

The roadmap aims to raise the recovery rate to 60 percent by 2016 and 70 percent between 2017-2022 period.

The number of paper mills in the country has been declining from 43 in 2001 to 24 in 2012. For instance, PICOP Resources, the country’s largest and lone integrated pulp and paper mill, had long shutdown its sprawling operations in Bislig, Surigao on competitiveness issue.

Likewise, the production capacity has gone down to 1.2 million tons from 1.6 mtpy.

Aside from raw material supply problem, the industry is suffering from my higher cost of energy, technical smuggling resulting is the flooding of imported paper, environmental regulations, old a nd low-c apacit y papermills, and diminishing sk illed and professiona l manpower.

Power... from page 13

potent ia l i nvestors to reloc ate i n t he cit y a nd reg ion. The est imated 250 0 to 30 0 0M W power

s u p p l y r e q u i r e m e nt o f M i nd a nao by 2030 w i l l in fact be more if we were to consider t he developments now in t he va r iou s pa r t s of t he isla nd . DOE’s 4 .4% c a n go a s h ig h a s 10 -12% .

As the voice of business i n Nor t her n M i nd a nao, Oro Chamber will mobi l i z e it s net work of loca l chambers and nongovernment organizations to c a l l upon DOE to restudy its energ y dema nd forecast for Mindanao and fasttrack t he approva l of a l l pend ing applicat ions for power generation be it hydro, solar, geot herma l or coa l.

The Oro Chamber President is a lso happy t hat t here are new power generators willing to address the power shor t age problem i n t he a rea .

Powe r proje c t s s u c h as t hat of FDC, Minerg y, C E PA L C O a n d o t h e r s a re a l l welcome a s t hey w i l l tra nslate to more jobs , more i nve st ment s a nd more gover n ment revenues to benef it ever yone.

DOE is the government body responsible for pre pa r i ng , i nte g r at i ng , coordinating, supervising and controlling all government plans, programs, projects a nd act iv it ies relat ive to energ y ex plorat ion, development, utilization, distribution and conser vat ion.

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24 Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

EDITOR: Shaun Uy , e-mail: shaun_alejandrae_uy@yahoo.com

LifeStyle

Monday | september 30, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Tigers playfully fight with each other in their swimming pools.

Photo by MIKE BAÑOS

A Different Sort of Petting Zoo:

Up Close and Personal with the Tigers of Phuket

P

etting zoos originated in the London Zoo in 1938 when it opened a special “children’s zoo” which allowed kids to feed and touch domesticated animals.

This was ostensibly to give city kids an idea of what farm animals were like first-hand thus, usually featured sheep, goats, ponies, guinea pigs, pigs or rabbits that were generally safe to feed and interact with. This, in contrast to the regular zoos which usually featured wild animals within enclosures who were safely viewed from afar.

On the ultimate day of our 3-day familiarization tour of Phuket, Thailand, our hosts from the Tourism Authority of Thailand (T.A.T.) Singapore office prepared a special treat for our group of 12 journalists from the Visayas and Mindanao who were here to promote the island as another option for Filipino tourists planning to visit Bangkok, which

recently surpassed Paris as the world’s most visited tourist destination. Cebu Pacific has a direct flight to Phuket every Monday, Wednesday and Friday.

Just a short ride from our hotel Novotel Phuket Vintage Park, the Tiger Kingdom at Kathu features 30 tigers of various sizes from cubs barely 2-4 months old to full-grown adults 16-36 months of age. You can imagine everyone’s eyes getting big as saucers and mouths going agape when we realized this was a totally different sort of petting zoo where kids and adults alike interact with real live, carnivorous tigers!

At first, we approached even the small cubs with trepidation, even if they were sluggish and sleepy. But after the first session, everyone was suddenly eager to have their photo ops with the cuddly cubs.

The big cats were

another thing though. We were walking bunched together as advised by our guides, and approached two sleeping adults who looked terrifyingly big! But again, after tip toeing from the rear and getting close to them as we could, we were soon at ease as the pair totally ignored us and we had a great time getting the pics of a lifetime (check out the pictures!)

Based on the feedbacks from previous visitors from many countries, reactions to the plight of the tigers are mixed: some think they are being exploited, still others don’t think so since they seem to be doing better than they would in the wild when poachers ruthlessly hunt them for their bones, eyes, whiskers and teeth which are used in traditional Chinese medicine to treat various ailments and diseases.

The moral dilemma is up to the visitor to decide. If you think getting up close and personal with tigers

once in your life is worth the 8001,000 baht it costs you for 10 minutes with these magnificent felines, by all means go and have a blast at either Phuket or Chiang Mai. When planning itineraries to Phuket, visit the Tourism Authority of Thailand website at http://www. tourismthailand.org/.

The Philippines’ leading low-cost carrier, Cebu Pacific (CEB) flies direct from Manila to Phuket every Monday, Wednesday and Friday for as low as P999. It operates the most extensive network in the Philippines for convenient and easy flight connections to Manila.

For flight schedules and bookings, visit www.cebupacificair. com or call (02)7020-888 or (032)230-8888. The latest seat sales can also be found on Cebu Pacific Air’s official Facebook Fan Page or @cebupacificair on Twitter.

The Philippine Travel Media Group strike a pose with two huge Bengal tigers.

Photo by Rose Razon

Tigers are trained to get used to human interaction from birth. Photo by MIKE BAÑOS

Philippine journalist Mike Baños up close and very personal with two Bengal Tigers at the Tiger Kingdom Phuket

Lady tourists getting the photo ops of a lifetime with 3 tigers as trainers watch close by.

Photo by MIKE BAÑOS