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BusinessWeek

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www.businessweekmindanao.com Issue No. 23, Volume III • November 11-13, 2011

Market Indicators

AS OF 5:10 P.M., NOV. 10, 2011 (Wednesday)

0.06 cents

;

PHISIX 4,285.06 points

61.14 points

;

FOREX US$1 = P43.21

Briefly Zambo wage hike

ZAMBOANGA City – Private workers in Zamboanga Peninsula will soon get a P12 increase in their daily minimum wage. The increase, however, is less than a fifth of the P65 hike organized labor had sought for this round of wage adjustment in the region. It was also less than the P15 granted in the wage order last year. “The present minimum wage (for private sector nonagricultural workers) is P255, so we will add P12 and it will now be P267,” said Ponciano M. Ligutom, Regional Tripartite Wages and Productivity Board chairman and regional director of the Labor department.

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Group pushes solar energy in M’danao By MIKE BAÑOS, Correspondent

C

OAL fired power plants can’t answer Mindanao’s immediate need for power which is why a growing group of advocates is pushing for solar power instead.

Dividends declared

JOLLIBEE Foods Corp. is set to distribute a cash dividend amounting to 57 centavos per share on Dec. 16, the company said. “The 57 centavos cash dividend is the same as the dividend declared last year,” a company statement said. With the latest dividend declaration, Jollibee said it has now paid a total of P1.07 cash dividend per share for year 2011, after it declared 50 centavos in April. Jollibee recorded P1.345 billion in net income in the first half, 6.3% lower from the same period last year.

NOW OPEN EN

OFFICIALLY THE LARGEST CROC. “Lolong”, a captive crocodile, in Bunawan, Agusan del Sur, has been officially declared as the world’s largest after expert Australian zoologist Adam Britton the other day measured the saltwater beast at 6.187 meters (20.3 feet). — AFP

“As demonstrated by the series of yellow and red alerts in the Mindanao Grid these past few weeks, Mindanao’s power demand has now outstripped its supply and only solar power plants can be put online in time to close the growing demand-supply gap,” said Engr. David A. Tauli, spokesperson of the Mindanao Coalition of Power Consumers. Mr. Tauli said it will only take 7-8 months to set up a sizable solar power plant compared to at least two years for a comparable oil-fired power plant. He explained how PV plants would displace, or make unnecessary, the equivalent capacity of oil-fueled power plants, and do so with a rate impact on Mindanao consumers of only 2.28 centavos per kilowatt-hour (because the costs of the PV plants are distributed to all customers connected to the national grid, as mandated by the RE Law), as against the rate impact of at least fifty (50) centavos/kWh if oil-fueled plants were used to address SOLAR/PAGE 10

SilkAir upbeat over flights Hidden billions can solve oil price woes to Davao despite new rival on its flights to Davao despite the entry of competitor Tiger Airways, an official DAVAO City -- Singaporean said. SilkAir is expecting a carrier SilkAir expects to maintain passenger volumes load factor of about 80% for

By CARMELITO Q. FRANCISCO Correspondent

its five times-weekly Singapore-Davao flights, said Chandran Menon, SilkAir manager for the Philippines, on the sidelines of Tourism SILKAIR/PAGE 9

By ALLAN MEDIANTE Executive Editor

HUGE funds amounting to billions of pesos hidden from the public eye can drastically solve the unsettling problem of oil

price increases plaguing the Philippine economy for years now. According to a report of the Commission on Audit and the Department of Energy, the total Malampaya OIL/PAGE 10

Primavera Residences named among PH best condo project THE first eco-friendly condominium project in Northern Mindanao has been shortlisted as one of the Best Condo Developments in the Philippines by the South East Asia Property Awards 2011, celebrating the best of the best from the region’s residential real estate industry. “We thank you for taking the time to enter and can confirm that, after a

long and comprehensive judging procedure, your development/company has been selected as one of the very finest in the region,” said Nizah Yusoff of Ensign Media, producers of the Thailand Property Awards, now in its sixth year. Primavera Residences, located at the Pueblo de Oro Business Park in Cagayan de Oro City, is a P250-million 10 storey twin-tower Italian-designed

condominium designed by ITA PROJECT, an Italian architectural design firm based in Rome with a solid reputation for award winning eco-friendly buildings, and developed by Italpinas Euroasian Design and Eco-Development Corporation, a sustaining member of the Philippines Green Building Council. It boasts of passive eco-design elements like PRIMAVERA/PAGE 9


2

November 11-13, 2011

Economy

BusinessWeek

MINDANAO

Local governments in Mindanao learn to boost revenues MOLAVE, Zamboanga del Sur -- The recent ceremonial turnover of a municipal welcome arch and streetlighting system here signaled a small town’s achievement in boosting its own revenues. “This infrastructure is to be so dark here, with very beneficial in main- petty theft and motorcycle taining peace and order accidents; but no longer],” and improving economic noted barangay health activity,” Molave Mayor worker Reylen Balus. Ireneo Q. Glepa said in Beyond being modest his speech during the cer- infrastructure projects, the emony. new arch and streetlights “Dati madilim masyado, are the fruit of two years of may mga snatsing at naba- municipal government efbangga na motor; pero forts to improve residents’ nayon hindi na [It used compliance with local taxes

7

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and other fees. After acknowleging efforts of barangay councilors and municipal employees, Mr. Glepa thanked Molave’s taxpayers “for paying their taxes promptly and for all their cooperation in attaining [sic] this project.” Under Republic Act No. 7160, or the Local Government Code of the Philippines, local government units (LGUs) are entitled to Internal Revenue Allotment (IRA) -- their share

in revenue collections of the national government -- to fund infrastructure, livelihood and health projects. The government, however, has been trying to wean LGUs from overdependence on this annual dole-out. Molave, with a population of 45,000, is one of about a dozen Mindanao municipalities that have learned to increase their own revenues in order to

better fund public services. They have been assisted in this effort by the Revenue Enhancement and Progress (REAP) project of Growth with Equity in Mindanao (GEM) program of the United States Agency for International Development (USAID). Under REAP, local governments commit to increasing their own-sourced revenues by 30%-50% within five years after they start receiving technical

assistance from USAID. GEM has reported that seven Mindanao municipalities participating in REAP posted year-onyear revenue increases averaging 42% in 2009, while two others had more than doubled collections. Molave, for one, increased revenue collections by 44% that year from 2008, with business fees, real property tax and other local charges fueling the increase. GEM cites experiences of these communities as proof that local governments in rural areas can be weaned from debilitating reliance on IRA, whose share per LGU is programmed to decrease next year with the creation of new cities. REAP helps participating local governments develop computerized revenue management systems and train staff to run them. Those that meet collection targets get up to P2.5 million each from USAID to fund a community infrastructure project as an “incentive.” The amount may seem meager for major urban centers, but not for rural areas whose residents belong to less affluent socioeconomic classes. -- Growth with Equity in Mindanao


Banking/Finance November 11-13, 2011 3 BPI records 44% increase in assets

BusinessWeek

MINDANAO

WITH the Philippines showing resilience from the global crisis and the prevailing low interest rate environment, the Bank of the Philippine Islands (BPI) opted to grow its loan to deposit ratio with prudent

Cancer survivor businesswoman Connie Dizon (center)

Surviving cancer with the right plan in life IT’S a common Filipino expression, something we usually say when we dodged a bullet or avoided misfortune. “Buti na lang nakaiwas ako.” Or “Buti na lang hindi umulan.” But more often than not, “buti na lang” is used when something good comes out of planning ahead. “Buti na lang nagdala ako ng payong.” Or “Buti na lang may naipon ako.” A little planning can spell the difference between saying “buti na lang” or sayang.” These days though, planning ahead seems to go against cool slogans like – “Live for the moment!” or “Live for the now!” But the idea of planning ahead or just having a plan is something that transcends generations and is as relevant today as it was to our parents, our parents’ parents and so on. Today, there is a sense of accomplishment in saying, “May plano ako.” It gives you a distinct advantage because while everybody else has dreams, having a plan means you’re already on the way towards making them come true. Recently, Philam Life asked its plan holders to write their personal stories. One of those stories was that of a happy businesswoman who one day discovered she had cancer. Connie Dizon was a strong, successful woman. She managed her own business along with her brother. She took care of her mother and had a pretty happy, contented PLAN/PAGE 9

domestic loans funded by low cost deposits. As such, the Bank’s asset base of P789 billion and deposits of P625 billion were just slightly ahead of last year. Despite minimal deposit growth, total

intermediated funds of P1.3 trillion grew by 20% coming primarily from a 44% growth in assets under management. Loan growth was sustained at 22% over last year and remained broad based

across market segments and geographically. The corporate sector loan growth continued to be strong with the following growth rates: top tier corporations (24%), middle market (30%), SMEs BPI/PAGE 9


4 November 11-13, 2011

Companies

BusinessWeek

MINDANAO

Ayala Land posts higher Q3 profit NEWS CAPS

T

HE property unit of the Ayala Group has increased its profit during the third quarter this year on the back of the growth of its revenue from real estate and hotel operations.

In its latest financial report, Ayala Land Inc. (ALI) posted a third-quarter net income of P2.06 billion, 29.6 percent higher than last year’s P1.589 billion. Revenue rose almost 20 percent to P11.38 billion from P9.43 billion the previous year, with real estate operations bringing in P10.3 billion, up 22.5 percent from P8.41 billion, while hotel operations generated P516 million, 45.4 percent higher than the P355 million in 2010. For the first nine months ending September, ALI recorded a net income of P5.23 billion, 33 percent more than the P3.94 billion recorded the same period last year.

Consolidated revenues for the three quarters climbed 17 percent to P32.63 billion from P27.87 billion a year ago. Bulk of the revenues came from real estate and hotels, which rose 18 percent to P30.81 billion, driven by the property development and commercial leasing business. Property sales ALI’s property development, which includes sale of residential, commercial and industrial lots, and residential units, grew its revenues by 30 percent to P18.84 billion from January to September from P14.5 billion in 2010. This was made possible

by the brisk sales take-up with a monthly average of P4.33 billion -- almost 60 percent more than in 2010 -- or a total of P38.96 billion. Sales of commercial and industrial lots jumped 81 percent to P1.26 billion year-on-year as the company disposed commercial lots in Nuvali and industrial lots in Laguna Technopark. Shopping centers, office rentals ALI’s shopping centers and office leasing posted an 11-percent growth to P5.29 billion from P4.78 billion in 2010. Higher occupancy and lease rates drove the shopping centers’ revenue to rise by 6 percent to P3.5 billion. Office leasing revenues increased 20 percent to P1.79 billion year on year with the 26-percent growth in the gross leasable space

for business process outsourcing companies. Hotels, resorts The impact of the consolidation of the El Nido resorts in Palawan and the acquisition of a 60-percent stake in Ten Knots Group in 2010 improved ALI’s revenue from hotels and resorts operations. The company is now building its first three owner-operated businessman’s hotels under the brand Kukun in Bonifacio Global City, Davao, and Cagayan de Oro. These will open doors to clients by next year. Construction, property management ALI’s services business -- construction and property management -- saw a 13-percent dip in revenues or a total of P5.06 billion for the first three quarters AYALA/PAGE 10

Australian miner to acquire project in Compostela Valley AUSTRALIA-BASED Mining Group Ltd. is poised to acquire 80% of the Comval copper-gold project located in Compostela Valley for three to four million Australian dollars from Cadan

Resources Corp. In a statement posted on its Web site late Tuesday, Cadan said it has signed a deal with Mining Group which will acquire 80% of the firm with rights over

the Comval project. Cadan said it will retain its 20% interest in the project until Mining Group has incurred a minimum of A$48 million of expenditures on the Comval Project.

Under the agreement, Mining Group will be paying A$1 million to Cadan as a secured loan for the acquisition. Upon obtaining the apMINER/PAGE 10

Globe eyes $790M network upgrade

Congratulations to the following

2011 Bagwis Awardees Gold Seal Awardees Silver Seal Awardee

For Me Oxygen Penshoppe

Mindanao Solidmark, Inc.

Recognized by the Association of Southeast Asian Nations and the ASEAN Committee on Consumer Protection as one of the best practices of the country for Consumer Protection, the Bagwis Awards of the Department of Trade and Industry (DTI) recognizes establishments that practice fair business and uphold the rights and welfare of consumers.

Warmest Greetings and Felicitations from The Management and Staff of

GLOBE Telecom, Inc. has committed to invest $790 million in a network modernization program, promising “dramatic improvements” in network quality to its 29.1 million subscribers. “We will build a modernized, scalable and future-proof network that is responsible to the future needs of our customers,” is the promise from Globe president Ernest Cu at a press briefing on Wednesday. “There will be minimal dropped calls, customers will experience first-time success rate, minimal delay in the delivery of SMS (short message service) delays, and overall more pervasive 3G coverage as well as faster covrage performance,” Cu said of the expected changes. The network modernization starts rollout in Davao in December, and progressively towards 2012. Cu said the improvement in other areas will certainly be felt “by May or June next year.” Other improvements include increased speed in mobile browsing, with minimal to no buffering of multimedia content streaming on their mobile phones; consistent quality of experience in the midst of extreme weather disturbances; and substantial network capacity in the next five years for both voice and data traffic.

By Laurel Media

BANKS’ REAL LENDING RATE

The real lending rate of banks eased to two percent in the third quarter of the year from 2.5 percent in the second quarter due to the reduction in the average nominal lending rate while inflation remained steady, the Bangko Sentral ng Pilipinas (BSP) reported. In its inflation report for the third quarter of 2011, the BSP said that the average nominal bank lending rate declined to 6.6 percent in endSeptember from 7.1 percent as of end-June, while inflation remained steady at 4.6 percent in September (based on 2000 prices) from 4.6 percent in June. Real lending rate is measured as the difference between the average bank lending rate and inflation. As such, the BSP pointed out that the ranking of the Philippines remained in fourth place among 10 Asian countries in terms of the level of real lending rate. The central bank said Indonesia emerged as the country with the highest real lending rate in Asia, with 7.8 percent in the third quarter of the year from 6.7 percent in the second quarter.

FURNITURE EXPORTS

Filipino exporters should focus on China as one of the top destinations for furniture exports, a leading international exhibitor said. Fairs & More Inc. (FMI) Vice President for International Trade Fairs Wilbert Novero said that China is now the fourth biggest importer of furniture after Europe, the US, and Japan. “China imports $11 billion of furniture yearly. Its proximity makes it a very ideal destination for the country’s furniture exports. Philippine-made furniture has been recognized for excellence in product design and craftsmanship. We just have to establish our presence there,” Novero said. He also said they recently sent a Philippine delegation composed of seven furniture manufacturers from around the country to the 17th China International Furniture Expo.

AGRICULTURE/ SERVICE OUTSOURCING

The Department of Agriculture (DA) is looking to spur agricultural production even further through the promotion of farm “service outsourcing.” Similar to outsourcing in most other industries, the DA is also encouraging and promoting farm service outsourcing, especially to landholders with small plots of one to two hectares. Agriculture Secretary Proceso J. Alcala revealed that there are already several entities engaging in farm service outsourcing. A farm service provider, for a straight contract fee with the landholder, takes on the task of farming the land. However, the service provider does not have any share in the profit from the production harvest which all goes to the landholder.

OFW DEPLOYMENT BAN

The government will review the deployment ban imposed by the Philippine Overseas Employment Administration (POEA) on 41 countries that do not guarantee the protection of overseas Filipino workers (OFWs), Presidential Spokesperson Edwin Lacierda said. He said that the POEA board had met to tackle the request of the DFA to protect the Philippines’ bilateral relations with the host countries as well as the welfare of the OFWs. Presidential Spokesperson Lacierda

SAFETY STUDY ON ANGAT DAM

The government has commissioned a New Zealand-backed engineering firm to conduct a safety study on the Angat Dam and dike in Norzagaray, Bulacan. The Power Sector Assets and Liabilities Management Corp. (PSALM) said that it will tap the services of the Engineering Development Corporation of the Philippines (EDCOP), one of the leading engineering consultancy companies in the country, to conduct a safety study on the Angat hydro facility. PSALM President and CEO Emmanuel R. Ledesma Jr. said that EDCOP emerged as the highest responsive bidder with a bid of P30.78 million after PSALM had shortlisted three bidders for the project in accordance with the quality-cost based evaluation procedure under Republic Act 9184 or the Government Procurement Reform Act.

TOURISM/ CINE CORREGIDOR

Budget and Management Secretary Florencio Abad said that the government will spend P25 million to restore the historical Cine Corregidor Complex in Bataan, in a move to preserve the country’s cultural heritage. According to the Department of Budget and Management (DBM), the P25-million allocation will be released to the Department of Tourism (DOT) Region IV. The DOT is in charge of the structural retrofitting of the Cine Corregidor Building and peripheral works which would include the concreting of access roads, the installation of solar lamp posts, and the rehabilitation of the Pacific War Museum using solar panels for its solar power supply system.

ORGANIC FARMERS’ CONFERENCE

Some 800 organic farming practitioners, advocates and enthusiasts from all over the country will converge in Tarlac City next week for the 8th National Organic Agriculture Conference (NOAC). The Tarlac Provincial Media Affairs Office said the conference will be held from November 8 to 11 and will consist of plenary and breakout sessions anchored on the theme “Organic Farming: Towards Food Sufficiency and Healthy Environment.” Tarlac Governor Victor Yap said Tarlac’s hosting of the NOAC will boost organic farming in the province.

BPO INDUSTRY

SPi Global, the largest Filipino-owned full service business process outsourcing (BPO) company, has acquired Laserwords Private Ltd. from India’s Murugappa Group. SPi Global is a wholly-owned subsidiary of telecom giant Philippine Long Distance Telephone Co. (PLDT). Laserwords, meanwhile, is one of the pioneers and one of the most successful publishing BPO companies in India. SPi Global President and CEO Maulik Parekh said this acquisition will expand the depth and breadth of the company’s content solutions business that is hard to rival in the industry.

NATIONAL GREENING PROGRAM/ FOREST CONSERVATION

Dr. Calixto Protacio of UP Los Banos believes agroforesty is what the country needs to make the National Greening Program (NGP) a continuing success. In a recent paper, Dr. Protacio, also chairman of the Initiative for Farm Advocacy and Resource Management (IFARM), stressed that the key element in the NGP is to plant an equal number of forest trees and multi-purpose trees like fruit and plantation crops.


BusinessWeek

MINDANAO

Companies

November 11-13, 2011

5

Synthesis Innovations posts growth, gears for market expansion Encouraged by the company’s positive performance in 2010, Synthesis innovations, Inc. plans to pursue further growth opportunities in the micro, small and medium enterprise segment. Last year, its share of the business software market doubled as the IT company gears up to expand market reach and solidify its position in the industry. By the end of 2010, a total of 135 mother companies have subscribed and applied SNYC software on various business processes. To date, Synthesis Innovations’ clientele includes Philippine Stock Exchange, Pandacan Storage, Inc., Robinson’s Bank, Petronas, Cablelink among others. To sustain the growth, Synthesis Innovations realligned its systems and methods to upgrade the SYNC product line, improve customer relations and move forward to opening up new markets. This year, the company will reveal its new line of products adapted to the shipping and transport industry, retail, credit and

parcel delivery. Following the strictest standard, the new Quality Assurance department assures clients of the efficacy and integrity of the SYNC product line prior to distribution. Customer care will be at the helm for continued after-sales service that is responsive, reliable and pro-active. The aggressive position of Synthesis Innovations reflects the company’s continued commitment in servicing its SME client base by providing and making available automated business processes that are simple and yet adaptable to the uniqueness of every business enterprises. “To widen our market reach in provincial Luzon, Visayas and Mindanao, we have partnered with local dealers, introduced our products at trade shows and rationalized our marketing mix. We plan to sustain our expansion and concentrate on customer satisfaction while opening the market with a new set of software pakages,” says Kendrick Ang, vice-president for Business Development of Synthesis

Innovations. Founded in 2005, Synthesis Innovations offers the Sync Software line the streamlined, industrybased, automated business solutions at competitive prices. These out-of-theshelve computer softwares (COTS) and customized packages simplifies daily business processes and tasks with efficiency, accuracy and flexibility. Designed to meet the requirements of small and medium enterprises, the Sync Software line is fully compatible and compliant with the Philippine’s climate on business regulations and procedures. Sync softwares are designed and developed by Synthesis Innovations Inc. with offices at 4th floor, BJS Building, P. Domingo St., Brgy. Kasilawan, Makati city. For product inquiries, contact Synthesis Innovations at 890-1680, 895-9496/6392, Core Multimedia in Mindanao area and Human Persona in the greater Luzon area or e-mail inquiries at www.synthesis.ph. For additional info, please go to www.sync.ph.

Mindanao businessmen to question CebuPac on non-use of terminal ramp DAVAO City -- The Mindanao business sector is poised to file a complaint against Cebu Pacific for a current policy of not using the terminal ramp at the Davao International Airport (DIA) for purposes of saving money. Mindanao Business Council chair Vicente Lao said the Regional Development Council of Region 11 has already passed a resolution in relation to question

Cebu Pacific. Lao said travelers are being short-changed by Cebu Pacific’s policy because they are paying a terminal fee that includes the use of the airport’s facilities. “If PAL can do it, why can’t Cebu Pacific,” Lao asked in a press forum here on Wednesday. If they (referring to CEB) want to save money it should not be at the expense of the riding public, he said. (pna)

Toyota, Mitsubishi resume Thailand production lines TOKYO - Japanese auto giants Toyota and Mitsubishi Motor said they will resume production in Thailand after the country’s flood disaster closed factories for more than a month. Toyota said it would resume production from November 21 at its three Thai plants, which were forced to halt operations on October 10. The closures triggered a shortage of parts at home, in Asia and as far away as North America and South Africa. “Toyota is starting to get a firm grasp of the situation and would like to restart production as soon as possible so as to restore normalcy to those affected,” company president Akio Toyoda said in a statement late Wednesday. Toyota, which has held off issuing its full-year earnings forecast as it assesses the impact of the floods,

has been forced to close some operations in Asia, the United States, Canada and South Africa due to a lack of supplies. It has said it will resume normal production in North America next week. Toyoda said despite the problems caused by the flooding the company had no plans to leave Thailand. “Toyota is not considering shrinking its operations here. If anything, we would expand,” he said. Fellow automotive giant Mitsubishi said Thursday it would restart production at its Laem Chabang Plant in Thailand from Monday, after the plant closed on October 13 due to a lack of parts from flood-hit suppliers. Suppliers were steadily recovering, “enough so that parts needed for its models produced at the Laem Chabang Plant are now available again”, the company said. TOYOTA/PAGE 10

Congressman Rufus B. Rodriguez of the 2nd District of Cagayan de Oro City interpellates Rep. Florencio Flores of Bukidnon regarding the latter’s privilege speech on the power situation in Mindanao, particularly the lowering of the DOE of the allotment of solar power in the Island to only 50MW. Rep. Rodriguez fully-supported Rep. Flores and filed a resolution calling for a congressional inquiry on this move of the DOE specially in light of the fact that there has been a continuous energy shortage in Mindanao. Rodriguez is calling for at least 100 MW allocation for solar energy development in Mindanao. PHOTOSUPPLIED

Davao-based coop eyes P1-B assets in 3 years DAVAO City– A Davaobased cooperative will tap more members to increase its assets in the next three years and venture into businesses to boost profitability. Nestor D. Ortigoza, King Cooperative general manager, said they eye to raise their assets to P1 billion from the present P750 million. The cooperative has now 32,000 members. “We are looking at in-

creasing its membership to 40,000 within the period to hit its goal. There is still a big untapped market. But the cooperative will ensure that only quality members will be the ones to get accepted,” he said. Ortigoza said the 30-year-old cooperative, which has now 27 branches in key areas in Mindanao, is studying to expand in some strategic areas within

the island as it wanted to set up 13 more branches within the next five years. Ortigoza said the cooperative is also venturing into businesses other than lending in its efforts to increase its profitability. Next month, it will pilot test its agreement with a remittance company, Western Union, so it could start its remittance business as agent COOP/PAGE 10


6

November 11-13, 2011

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BusinessWeek MINDANAO

Let Go of the Controls THINK a minute… A pilot was flying his small airplane, a Cessna 150, when suddenly he lost control. His plane began spinning and falling to the ground! He panicked and began doing everything he could think of with the controls. Finally, after a few seconds, he remembered his teacher’s words of instruction: “If you ever go into a spin and start falling in this plane, the Cessna 150, just let go of the controls! This kind of plane will stop falling and fly straight again by itself.” But letting go of the controls and trusting the plane to fly straight and save him

was the hardest, scariest thing for this pilot to do. Finally, he pulled his hands off the controls and waited. After many seconds of his Cessna plane spinning and falling, it returned to just normal, level flying and he was safe again! Even though the plane fell more than half a mile, the pilot survived because he trusted the plane enough to let go. If you’re in trouble or going through a major problem, decision, or crisis in your life. You may be feeling like you must do all kinds of things to fix it. But nothing you’re doing is working, so you’re frustrated and worried. You know the best thing you can

do is what that pilot finally did. Just take your hands off the controls and stop trying to change and fix that situation or person yourself. It’s hard to do, especially if you feel you’re the only person who is trying to do anything about it. But why not just let go and ask Jesus to forgive you for living your own wrong way. Then, ask Him to take full charge of your whole life, including your problem. Put every area of your life into God’s hands: your future, schooling, job and family, all your worries and problems. It’s only then that Jesus can start making everything in your life work together for your good and happi-

THINK A MINUTE

JHAN TIAFAU HURST ness. Every day, Jesus will help you know what you should do, and also how to trust Him to always do His part. It’s only then that you’ll finally have real peace and confidence, even while you’ve got problems. Just Think a Minute…

Who’s swallowing the bait, hook line and sinker? THE American Ambassador to the Philippines disclosed that some economic and military aid to the Philippines is on hold in Washington in lieu of the poor human rights compliance of the Aquino Government. “In spite of more than one year in office, extra judicial killings continue and the battling average solution remains desirable” according to the reports. While extra judicial killings tend to point to the right, let us not overlook other attribution to the left which is even more dangerous. And how do we treat the treachery of the other forces that has continuously killed Filipino soldiers in spite of the ongoing ceasefire called by the Government and the separatist Moro Islamic Liberation Front (MILF) in the south. Soldiers on patrol along Philippine territories are ambushed, killed and the wounded mutilated. Why did the US and other European countries human rights advocates have to condemn and accused the military and the police for various force disappearance and murders when left and right Filipino soldiers and innocent civilians are also victims of murders and atrocities?

The ravage of war and the fight to eradicate crime and lawlessness are every state business to protect its citizens. Our country has enough laws that are no longer respected due to the slow grind of justice. The Maguindanao Massacre where 59 civilians were gunned down and buried alive remains on trial after more than two years. Not one suspect has been indicted. There is an ongoing war in the country today against injustice and criminality. There is a rebellion that no longer has a cause. There are no ideologist and political agenda to benefit a wide percentage of the population to their pseudo struggle. The skirmishes are motivated with territorial dominion and greed. How many of those rebels acquired properties, luxury vehicles, firearms and even rewards of government positions in the bureaucracy? In the civilian front, the forces tasked to protect majority of the population are tied with legal impediments that tend to benefit the guilty. How do we punish the culprits? Society has a doctrine in dispensing jurisprudence but when all legal means are

economically and humanly impossible, savagery returns. In many cases the rule of law does not satisfy everyone’s sense of justice when the dispensation grinds slow. No matter whoever will be the leader in the Philippines, the killings and force disappearance will continue as retribution to those who were victims of crime, violence and injustice. It is human to make others suffer who made us suffer. Justice always contains the elements of revenge. Powerful countries sponsored by the US itself like Israel, have an eye for an eye response to the aggression of the Palestinians across their border. Countries or state that protects the aggressors are also targeted like Lebanon. Israel puts its head up in the United Nations debate to justify their bombs and missiles strikes to its enemies. The Israelis always quote what is in the Old Testament, “An eye for an eye and a tooth for a tooth for its enemies”. For every mortar shell that fell along Israeli soil, a missile more devastating is unleashed by their warplanes to the other side. Does the US withhold their military aid to Israel in Washington? America will not do that.

TRAVERSING THE TOURISM HI-WAY

PED T. QUIAMJOT They cannot even criticize, discipline or vote against their ally in spite of being a powerful member to the UN Security Council. Why? Because, Israel holds the peace of the Middle East. It has the power to keep the Suez Canal open to the American merchant ships carrying goods to the Arab world. For as long as America benefits the spoil of aggressions, no matter how many innocents’ civilians and children are killed by the Israeli bombs, they say nothing. America and its western allies are barking on the wrong tree in the Philippines? We are not swallowing their bait, hook line and sinker? There are more countries in Latin America QUIAMJOT/PAGE 8

Philippines Inc.! ASKED how we can help improve our country in the face of adversity was a question directed to me by no less the European Union Chamber of Commerce. My answer was first and without hesitation to reform the Judiciary. From there we can set our sights on all the other major issues we continue to battle with, be it for risk reduction management, security, infrastructure, etc. Power of course is a major issue to jumpstart infrastructure and foreign investments for manufacturing but first we need to address our dysfunctional judiciary. Without retribution there is no redemption. And yes we should pave the way for cheap energy

but until we can streamline our Judiciary there will be no investors. From there we can also set our sights on multiple strategies with simultaneous implementation. We can address our issues for the Comelec, regulation on national patrimony issues be it for the media, education and health. Why the Judiciary first is simply for accountability. Without any sense of accountability which we now experience there is no fear amongst the populace and no discipline. No one should get a free ride. As for the omnipotent and powerful oligarchs, if caught they simply go to jail without a get-out-of-jail pass. At this

point with close to 50 years before the court supreme can decide on anything we are a lost cause. Is it possible then to outsource the judiciary? If necessary I say – why not, if the current crop cannot jumpstart reforms. Maybe we need legislation to initiate reforms for the judiciary. Maybe we need accountability from the judiciary itself. Either way we need immediate reforms now or we are finished. We are well aware of the corruption that has besieged the country since the commonwealth and we are of the perception our leaders have failed us. All considering it amazes me how these leaders act as if they have done well for the country calling themselves

statesmen. Failure is no longer an option. The Philippines is rich with natural resources and the Filipino has a history TAMBUATCO/PAGE 8


BusinessWeek

MINDANAO

LETTER TO THE EDITOR November 11, 2011 The Publisher/Editor-in-Chief BusinessWeek Mindanao Cagayan de Oro City Subject: Banner headline for BWM Oct 31-Nov. 3, 2011 issue Gentlemen: We hope you can give us space in your newspaper to reply to the allegations made by sources cited in the Banner Headline story written by Mr. Butch Enerio in your Oct. 31-Nov. 3, 2011 issue. Thank you for your usual support and helping us articulate issues affecting the people of Mindanao. There are now only two significant groups in Mindanao who continue to oppose our advocacy to have 100 megawatts of solar photovoltaic power plants constructed in Mindanao, which advocacy is being carried out mainly to address the ongoing power crisis that have resulted in rolling blackouts throughout Mindanao in preceding weeks. One of the remaining oppositionists is the Zamboanga City Chamber of Commerce and Industry, and the other is the Aboitiz Power Corp, the proponent of the 300 MW coal plant in Davao City, whose opposition to solar PV is articulated in the news article, titled “AboitizPower exec: Solar energy alone can’t prevent Mindanao power shortage”, written by my friend the CDO-based journalist Butch Enerio. I am going to show here that the expressed reasons of the Aboitiz Power Corp for opposing solar photovoltaic power plants in Mindanao are either irrelevant to the Mindanao power crisis, or of much lesser significance with respect to the effects on the economy compared to the economic benefits of immediately constructing 100 MW of solar PV power plants in Mindanao. In another post, I will address the only argument, a moral one, of the Zamboanga Chamber against renewable energy. The officers of the ZCCCI are saying that global warming has been brought about by the industrialized countries, and poor countries like the Philippines should not go overboard in doing anything, such as building solar PV plants, to reduce carbon dioxide emissions. Before taking up the arguments of Aboitiz Power, however, let me make it clear that: (a) I am not accusing DOE Secretary Almendras for being biased against solar energy; and (b) I am involved in the advocacy for solar PV in Mindanao primarily as an officer of the Mindanao State University Alumni Association (as part of the organization’s advocacy for the sustainable development of natural resources in Mindanao), and also as a representative of the Mindanao Coalition of Power Consumers, who are decrying government inaction in the face of the short-term and long-term lack of power capacity in Mindanao. Butch Enerio in his article says I am accusing Secretary Almendras, and identifies me as an officer of CEPALCO in making the accusation. I am asking Butch to issue a correction to his allegation that I am in some way accusing the DOE Secretary, and also to make it clear that my being a CEPALCO employee is not the basis for my involvement in the advocacy for renewable energy. While CEPALCO is an outstanding distribution utility company and a leader in the development of solar PV power plants, my sole identification by Butch Enerio as a CEPALCO employee detracts from the honor that properly belongs to the MSUAA and the MCPC as the leading organizations in Mindanao in the advocacy for solar PV and renewable energy. I am an engineer and not a lawyer, and I do not know anything about filing accusations against government officials. On various occasions, however, I have stated that the DOE, specifically the Renewable Energy Management Division, but presumably under the authority of the Secretary, have done the following: (a) The DOE reduced, unilaterally and arbitrarily, the capacity of solar PV power plants for initial implementation under the National Renewable Energy Plan, from the 269 MW that was incorporated into the speech of President Benigno Aquino III at the launching of the NREP in June 2011, to the 50 MW that was submitted by the DOE to the Energy Regulatory for the hearing of the Feed-in-Tariff for RE-based power plants, which hearing started in August 2011. (b) The DOE-REMD has been delaying for as long as two years at this time the approvals of more than 100 applications for Renewable Energy Service Contracts, and have not yet as of this date issued any approval of applications for RESC’s. I have also stated that: (c) Secretary Almendras is enthusiastic, and even ecstatic, in his public pronouncements for the construction of coal power plants in Mindanao, while being tepid and wishy-washy in his support for renewable energy.

Views.Opinion All of the above are definitely indicators of bias against renewable energy on the part of the DOE-REMB and the DOE Secretary, and are certainly contrary to the policy of the Philippine Government to “accelerate the exploration and development of renewable energy resources”. But they hardly constitute a basis for haling to court the DOE Secretary for obstructing the implementation of the National Renewable Energy Plan. But enough of pursuing the red herrings thrown out by Butch Enerio, and let us consider the reasons cited by the Aboitiz Power Corp for their opposition to solar photovoltaic power plants in Mindanao. In the newspaper article, the Aboitiz Power Corp trumpets that “solar energy alone can’t prevent Mindanao power shortage”. Everyone in the electric power sector will respond: “Of course!” Neither can coal power plants by themselves prevent the Mindanao power shortage. For one thing, it will take coal plants a much longer time than solar power plants to become a solution to the power crisis (three or more years vs. less than one year), rendering them useless for addressing the blackouts that will afflict Mindanao in the next three years. Mindanao needs additional base-load power plants, intermediate power plants, and peaking power plants in order to solve the short-term and long-term lack of power capacity. No single type of power plant can constitute the whole solution to the Mindanao power crisis. Aboitiz Power Corp says that we should not build solar power plants because they are very expensive. Expensiveness is also the reason being cited by DOE Secretary Almendras for unilaterally reducing to only 50 MW the capacity of solar power plants for the Philippines. (It bears mentioning here that the recommendation for 269 MW of solar plants for the Philippines was reached after almost three years of studies and debate by the National Renewable Energy Board. It took the DOE Secretary less than one month to determine that what the Philippines needed for initial implementation under the NRE Plan is only 50 MW of solar power plants.) It is mainly the expensiveness of renewable energy power plants compared with fossil-fueled power plants that led to the enactment of the Renewable Energy Law of 2008, which includes the FIT mechanism as the instrument for ensuring that the relative costliness of RE-based power plants does not result in excessive increases in the power bills of power consumers. The FIT mechanism of the RE Law makes the expensiveness of RE power plants relatively insignificant in their impacts on the rates paid by consumers, compared with power plants fueled by oil, coal, or natural gas. As an example, 100 MW of solar power plants in Mindanao would result in increases in the monthly bills of power consumers throughout the Philippines in the amount of around three centavos per kilowatt-hour (0.03 PhP/kWh). That may be compared to increases ranging from six to ninety-six centavos per kWh if 100 MW of diesel power plants were added to the power supply for Mindanao. It should be noted that the relative rate impacts are for each kilowatt-hour of energy produced by the power plants. Therefore, the proportion of the time in which the power plants operate (or the plant capacity factor, which the AP Corp says is only 16 percent for solar PV) is not at all relevant; the rate impacts of solar and other RE-based power plants will be much lesser than the rate impacts of fossil-fueled power plants. As another basis for comparing with solar power plants the rate impacts of other proposals for the Mindanao power industry, consider the privatization of the government-owned hydroelectric power plants on the Agus and Pulangi rivers, which is being pursued by the PSALM, a government-owned corporation under the DOE, and which has also been advocated for some years now by the Aboitiz group of companies. If the Agus-Pulangi hydro plants totaling 982 MW of capacity were privatized, it would result in an increase in the rates of electricity in Mindanao ranging from one peso to two pesos or more per kilowatt-hour, depending on the final selling price of the hydro plants. It does not really make sense that the Aboitiz companies and the DOE are opposing the 100 MW of solar power plants for Mindanao because of the rate impact of three centavos per kWh, while persistently pursuing the privatization of the Agus-Pulangi hydro plants whose rate impact will be in excess of one peso per kWh for power customers in Mindanao. Aboitiz Power Corp also says, “P2.1 billion can build us 2,625 classrooms in 20 years”. AP Corp makes the statement after pointing out that 100 MW of solar power plants will cost around 2.5 billion pesos a year. But this is an example of egregious non-sequitor and logical fallacy. It is the private sector that will invest in those solar power plants; it is the government that spends for building classrooms. Whether or not the solar power plants are built by the private sector, the government will have to spend people’s money to build those classrooms. So why is Aboitiz citing that as a reason for not building solar power plants? Finally, in the news article, the Aboitiz Power Corp complains: other power producers will have to sell their power in the free market without subsidy, making the playing field uneven. Elsewhere, Earramon Aboitiz has been saying that the development of renewable energy

November 11-13, 2011

7

resources should be left solely to market forces. That is what the Aboitiz companies mean when they talk about “an even playing field” in the power sector: let the coal plants and RE-based power plants compete equally in the open market by removing the FIT mechanism of the RE Law. There is the implication in that statement of AP Corp that the electric generation of renewable power plants will be subsidized, meaning that some of the customers (or the government) will be paying for electric power that will be used by other customers. That is not true. The RE Law does not make the consumers provide subsidies for electricity from RE resources, in the manner, for example, that the grid-connected power consumers are subsidizing the electricity provided by the National Power Corporation to off-grid consumers. What the FIT mechanism in the RE Law does is to make all consumers connected to the grid share in paying the generation of RE power plants, wherever the RE plants may be located. Thus, the consumers in Luzon and in the Visayas will share in the costs of electricity produced by the proposed 100 MW of solar power plants in Mindanao. But the consumers in Mindanao will likewise share in the costs of wind power plants that will be built in Luzon or in the Visayas. The RE Law and its implementing rules and regulations were designed so that ultimately the sharing of costs of the RE power plants will be done equitably, and no group of customers will be subsidizing other groups in the consumption of electricity. As to the proposal of the Aboitiz honcho to leave to the power market the development of renewable energy resources of the Philippines, that is precisely what has been done in all the years prior to the enactment of the RE Law in 2008. And that is precisely the reason why only an insignificant amount of the renewable energy resources that are included in the FIT mechanism were developed by the private sector in all those years. That failure of market forces is the main reason, moreover, for the enactment of the RE Law. Now comes Mr. Aboitiz saying we should abolish the RE Law, or at least stop the implementation of the FIT mechanism of the Law. Let him use the vast resources of the Aboitiz group of companies to carry out an advocacy against the Renewable Energy Law and the FIT mechanism. I do not think all the media artillery of the Aboitiz companies against the RE Law and the FIT mechanism is going to stop the movement of the power consumers in Mindanao for the development of solar PV and other renewable energy resources. In the RE Forum held in Zamboanga City last month, most of the foregoing issues were covered in the discussions. Representatives of CONAL, who were previously opposed to RE power plants, were among the participants in that Forum. After the debates on the issues the CONAL representatives conceded that RE power plants were not competitive to, but were complementary with, their proposal for coal plants. They have, in effect, withdrawn their opposition to the proposal for 100 MW of solar PV plants for Mindanao. We also conducted in November 3 a symposium on renewable energy for electric cooperatives and NGOs in the Cordillera Autonomous Region, in part to address the issue of subsidies by Luzon customers for the construction of 100 MW of solar power plants in Mindanao. After the symposium, all the participants in the symposium, which included representatives from all the electric cooperatives in the CAR, signed a petition supporting the construction of the 100 MW of solar power plants in Mindanao. It is my hope that the foregoing facts and explanations will convince the Aboitiz Power Corp to stop criticizing the proposal for 100 MW solar PV power plants in Mindanao. Solar power plants are not competing in any way with the Aboitiz proposal to construct a coal power plant in Davao City. It is the environmentalists that the Aboitiz companies have to contend with, not the proponents of solar power plants. The solar plants, while not the entire solution, are a necessary component of the solution to the power crisis in Mindanao. And, because of the FIT mechanism in the RE Law, their rate impact will be much less than that of fossil-fueled power plants that will be part of the portfolio of power plants that will fully address the short-term and long-term power crisis. The solar power plants, moreover, can be made operational within one year after approval of their construction, whereas other power plants can come into play after two years or longer. Solar plants, therefore, are the fastest part of the solution to the Mindanao power crisis. Let us continue to petition President Aquino and the Department of Energy to approve the construction of 100 MW of solar PV power plants in Mindanao, and to petition the Energy Regulatory Commission to expedite the approval of the Feed-in-Tariff for electricity from renewable energy resources. It is the power of the people that will enable renewable energy resources to solve the Mindanao power crisis. David A. Tauli The Mindanao Coalition of Power Consumers Mindanao State University Alumni Association


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November 11-13, 2011

Views.Opinion

Top 4 Reasons Why Brands Fail as Trademarks BRANDS that apply for trademark registration are granted a title of protection only after they have passed the test of trademark examination. By exam, I don’t mean the business owner sitting inside a classroom with a pen and a secrecy folder. By trademark exam I mean the process whereby an official from the Intellectual Property Office of the Philippines (IPOPHL) called a trademark examiner searches the IPOPHL database for hits that will point to the denial of the brand’s trademark registration. The criteria that the trademark examiner looks for are all stated under the IP Code, particularly Section 123, but just so we all know, here are the top 4 reasons why brands that apply for registration don’t often get to put that coveted ® (“registered”) sign on themselves. 1. Confusing similarity Two brands are said to be confusingly similar if one is a colorable imitation of another. Colorable imitation means that which will deceive purchasers, leading them to buy one product mistaking it to be another. For example, if Brand A copies the same color and design of Brand B, then it is likely that I will pick Brand B off the shelf

thinking it is from Brand A, when what I really want to buy is Brand A. For those of us who are avid fans of Victoria’s Secret perfumes, I think you will agree with me that I find the perfume bottles and the logo of a local cosmetic brand, Ever Bilena, to be confusingly similar to Victoria’s Secret. Well, no one has sued anyone yet. The test for confusing similarity between two marks is whether they both contain the same dominant feature. But then brands sometimes consist of the words and a logo. If a brand is composed of two elements – words and design, then trademark examiners apply the Literacy Presumption Rule. When faced with a mark composed of words and a logo, the words constitute the dominant component the brand. The impact of the design in the overall impression is relatively minor compared to the words because an ordinary consumer would give greater significance to the word than the design. Based on the dominancy test, Ambisco was denied trademark registration for being confusingly similar to Nabisco. So was Beauty in the Bloom vis-à-vis Fruit of the Loom; and Big Mak to McDonald’s Big Mac.

2. Identical with a previously registered mark During the database search, a trademark examiner may deny your application if he finds that the same brand has already been previously registered to a different owner. That means that both us have the exact same brand, despite differences in colors or designs. In this case, your brand may only be allowed registration if it’s for a range or class of goods that is altogether different and unrelated from the goods covered by the previously registered brand. For example, we may both use the word “Globe” but if we are both in the business of telephone services, then whoever files first owns the trademark. However, if I use “Globe” for totally unrelated goods or services, say, a restaurant or a hotel, then my brand will be allowed registration as a trademark. 3. Generic Generic brands cannot be registered as trademarks because they refer to the common noun or name for the products covered. In our legal history, the words ‘funeral parlor’, ‘leather shoes’ and ‘bubble gum’ have been ruled upon as generic and thus cannot be registered trademarks. So has ‘pale

BusinessWeek

MINDANAO

America and the world todayDebt-the key problem By BOB OCIO

pilsen’ and ‘Ginebra’ been denied registration for being generic. 4. Descriptive A brand cannot be registered as a trademark if it is merely descriptive. This is because every business enterprise must be able to use these adjective words to describe their products. If your brand is merely a descriptive phrase, it immediately projects the use of the goods. It requires no need for the public to exercise the powers of perception or imagination in order to deduce the kind of product that you have. If your product brand is something like “Vita-B” for Vitamin B complex or “Short” for short bond paper, chances are, you will be denied trademark registration. Email sara.suguitan@ gmail.com

Tambuatco... from page 6

long enough to garner change and hope! Put simply we have no discipline and the reason for this is we are not made accountable. It is time to brand the countr y – Philippines Inc. but before we set our sights out to generate perceptions let us begin to identify what it is we need to create. What image and brand should we have? Who the hell are we and what can we offer? China and Japan has had to close its countries for decades to identify themselves. While this may no longer be acceptable we need to find the solution and find this fast. So who has this power and who has the potential to generate a real change so hope is

Congress... from page 11

responsibilities as a Youth Leader, on the other hand the commission session was followed by the Area meeting headed by the outgoing area coordinator where youth were united to have their respective coordinator and despite of this competition in candidacy, Youth found a stress absorber which they had during the Youth Night, Youth in Philippines worn a cowboy attire and show the world how young people can make a change through

U.S. Approaches $15 Trillion Debt Limit IT will be the latest sobering economic milestone that few were hoping to see: The U.S. national debt – any day now – will soar above the $15 trillion mark. As of this writing, the total debt is $14.97 trillion, so moving beyond the symbolic $15 trillion is a foregone conclusion. When the unwelcome milestone is reached, it will come at a volatile time both in this country and abroad. Across the Atlantic, President Obama is in Cannes, France, for the G-20 summit that takes place as Europe is trying to finalize a bailout for debt-ridden Greece. Back on the home front, Obama is preparing for a difficult re-election fight next year. Republican candidates from Mitt Romney to Herman Cain have pounced on the country’s economic woes in their bids to win the GOP nomination and the chance to oppose Obama. Meanwhile, the Occupy

Wall Street protests directed at the nation’s financial inequalities continue to rage across the country. In Washington, a polarized Congress has ground to a halt in the dispute on how to jumpstart the economy and reduce the country’s deficits. Only a few months ago, the acrimonious debate on Capitol Hill about raising the debt ceiling – a debate that almost caused the Treasury Department to default on its debts – illustrated the enormous partisan divide that still shows no signs of improving. The approaching $15 trillion debt milestone is not even the only piece of bad economic news for the country. The jobs report for October – released this morning – showed that U.S. employers added an estimated 80,000 jobs to their payrolls last month, worse than economists expected. The unemployment rate decreased to 9.0 percent, down from 9.1 percent a month earlier, small consolation for a nation still struggling to recover from a severe recession.

attainable. Answers and solutions are seemingly elusive at this point unless I promote myself sounding self-serving. But maybe this is the problem because no one wishes to promote themselves other than the off springs of failed leaders we have been exposed to. Or maybe it is a confluence of bad bureaucracy and practice that has limited talent from rising. Once we had promise and ironically the dictator the world has taunted to be damaging but was it? Was it not correct to say the new society and discipline; the platform for reform? The majority does not have the solution obviously as our democracy would have it. The educated has to be the source and we have ample reserves except for the fact once educated

the reality or challenge to make the change is no longer romantic to have to suffer the consequence of the poison it comes progressively with. So I advertise who can step on to the plate and lead our country to success. Any takers from the 97 million Filipinos?

their astonishing talent, creative and brilliant minds and the will to serve, the after socialization follows, Enriquez emphasize. Election of area coordinators follows the Plenary Session of the Youth at the same time the National Red Cross Youth Advisers League Officers election were held in a separate venue. On the afternoon activity, youth had a tour within the area and went back to the resort to prepare for the closing ceremonies and oath taking of the newly elected National Youth Council and National Red Cross Youth Advisers

League Officers. They worn their cultural costumes that lived the Seven Fundamental Principles of the Red Cross , despite their cultural differences. Madale added. Through this 17th National Youth Congress, the youth has widen their knowledge and ideas about the Philippine Red Cross and was acquainted to live the Seven Fundamental Principles of the Philippine Red Cross,. Philippine Red Cross Youth is the living Henry Dunant of the new generation with a heart saying “Siamo Tutti Fratelli”. Volia RCY!

Quiamjot... from page 6

protected by the US and the Central Intelligence Agency for decades which sponsors more human rights violations. Who do you think killed Che Guevara, Ortega and many leftist in South America? The American Ambassador to the Philippines may not really mean to speak on human rights. It is all about a Machiavellian Tactics to advance their interests. Look who is talking?


BusinessWeek

November 11-13, 2011

MINDANAO

Primavera Residences nominated Best PH Condo Development in South East Asia Property Awards 2011 Primavera...

from page 1 cross-ventilation, building orientation, an inner green courtyard and terrace, brise soleil (louvres) and extended awnings to maximize natural light and shadow which combine to complement each other and bring down the temperature in the building that it remains cool even in hot summer months to lessen the need for air conditioning. Mr. Romolo V. Nati, ITAProject Chief Architect and CEO of Italpinas, estimates Primavera’s passive design elements can reduce energy consumption for air conditioning by approximately 32% or around 20% for total energy consumption. On top of these passive design elements, Mr. Nati said Primavera Residences would also be tapping solar energy on its rooftop with the use of photovoltaic cells that would produce around 150 kilowatts peak renewable energy from its two towers. The ITA Project and Italpinas team previously won a “Special Energy Award” in the 2011 Design Against the Elements (DAtE) global architectural design competition which aims to build the first green, livable, affordable, and disaster-resistant village in the Philippines that will serve as the blueprint for other communities threatened by climate change. The South East Asia Property Awards aims to showcase the best that the region’s real estate industry has to offer. The awards aim to promote the high level of quality of South East Asia’s real estate, construction, architectural and interior design, and industry professional services. Through

SilkAir...

from page 1 of Tourism Malaysia’s promotional drive here over the weekend. Steven Tan, head of the airline’s Mindanao office, said the company is using Airbus 319 -- which can carry about 120 passengers -- and the 150-seater Airbus 320 for the route. SilkAir flies direct from Singapore to Davao and back on Monday, Wednesday and Saturday, while flights between the two points on Thursday and Sunday stop over in Cebu. Mr. Tan told BusinessWorld he hopes the entry of another airline, Tiger Airways, will lure travelers from both destinations to explore areas of interests further. “The annual increase in the number of passengers [during the last five years]is about 10%,” Mr. Tan said. Similarly, tourist arrivals to the Davao region from January to August have been reported to have risen by 10% to 490,000 from year-ago levels according to latest official data. Tiger Airways, also a Singaporean firm like SilkAir, launched last Nov. 1 its thriceweekly flights between the two cities. “This is a healthy competition,” Mr. Tan added, noting SilkAir is a wholly owned subsidiary of Singapore Airlines while Tiger Airways is a subsidiary of Tiger Airways Holdings where Singapore

a professionally run judging system, the awards will help put South East Asia’s real estate on the world stage. Eligibility for the South East Asia Property Awards started with nominations from the public and industry, with submissions judged by a panel of professionals; and will conclude with site visits for the top short-listed developments in each category to decide the winner in each category. Twenty eight award categories cover the full range of real estate projects and services on offer in the region. Trophies designed by leading designer Florian Gypser will be presented to each winner and all Winner and Highly Commended companies will also receive a dedicated logo for use in their sales and marketing materials. Thousands of nominations were submitted from across the region, including major developers, architecture and design firms, residential projects, condominium and villa developments, as well as nominations for the Green Development Award. A panel of real estate exAirlines also has a stake in. Arturo P. Boncato, Jr., Davao region tourism director, earlier said that the two Singapore airlines have taken note of the growing attention the city is getting from tourists. “We hope that this can be translated into increased traffic,” Mr. Boncato said. Mr. Tan said Singaporeans’ interest over the progress in the city have been piqued. Already, big investors such as the Ayala Corp. and SM Investments Corp. units have long been venturing into the area. Ayala Land, Inc. has partnered with Anflo Investment and Management Corp. for a 10-hectare mixed-use project with its shopping mall called Abreeza, which will be opening in May. SM Prime Holdings, Inc., on the other hand, is scheduled to open its second shopping mall in the city, SM North in Lanang, within the first six months of next year. The company has also expanded its SM City Davao complex by building an information and communications technology center, which will also have commercial spaces. Mr. Tan said SilkAir has undertaken efforts to promote Davao as a destination, noting those who visit the city from other foreign cities often use Singapore as entry point. He said he believes the city will eventually mature into a major destination within Southeast Asia.

perts, including Nick Candy, the billionaire developer behind London’s uber-luxury One Hyde Park development, will select the winners to be announced at a lavish dinner at the Fort Canning Hotel in Singapore on November 30. “When someone like Nick Candy agrees to join the judges’ panel, it is a sign of how seriously real estate in the region is being taken by the international property industry,” said Mr. Terry Blackburn, CEO of event organizers Ensign Media. International media partner and leading TV news network Channel NewsAsia is providing live coverage of the event, which will be hosted by Channel News Asia celebrity Otelli Edwards. The Dinner and Awards Ceremony will receive extensive coverage on Channel New Asia and via other media outlets online and in print. The judges will consider entries for the Development and Non-Development awards against various stringent principal criteria. Development awards will recognize a) Design and concept, including functionality, green initiatives, innovations and amenities; b) Value for money, including suitability of location and pricing relative to quality; c) Sales and marketing, including creativity and performance; d) Construction, including state of completion and quality of construction; and e) The Green Development award will pay additional attention to community benefits and

environmental innovation. Non-development awards including the following subcategories: a) Developer awards criteria include reputation, image and Corporate Social Responsibility (CSR); quality of projects; track record; and innovation; b) Architecture/ Interior Design awards criteria including use of space; c) Design concept and innovation; d) Material usage; and e) State of completion. Mr. Nati studied architecture at La Sapienza University in Rome where he graduated “summa cum laude” in 1999. As a student, he received various awards including two honorable mentions for car design, one from Mitsubishi Company and the other from BMW. After graduation, he worked for architecture and engineering firms in Italy and in the United States. He collaborated with a faculty member of the Department of Design and Architecture at the University in Rome, worked for five years as a senior architect for Altini Associates and three years for CIC office of engineering in Cesena. Besides Italpinas, Mr. Nati is also vice chairman of Constellation Energy Corporation, a renewable energy company based in the Philippines with assets in hydro, wind and geothermal power resources. He’s also chairman of “RASNA construction Srl” (real estate management company, Italy) which specializes in restoring historical buildings in Italy. advertorial

Plan...

benefit payments in 2010 alone. Planning ahead is something Philam Life, the country’s number one life insurer, truly believes in. That’s why, more than just selling insurance, Philam Life aims to help Filipinos achieve their dreams and secure their future by providing them the right advice and the right plan. Philam Life offers solutions for life protection needs – Vanguard and Guardian; for education - Bright Future Plus and for health - Health 100, Cancer Life Shield or Lifeline. If you are a Philam Life plan holder or beneficiary and somehow your plan was able to protect your future or help your dreams come true, tell us your story. Visit anongplanomo.com. ph and share your “Sanas” or “Buti na lang” stories. You too could serve as the next inspiration for others to plan their lives ahead.

from page 3

life. That was turned upside down when she found out she had cancer. Life can never prepare you for a curveball like cancer but planning ahead played a big role in Connie being able to say, “buti na lang.” Thanks to Mark Castillo, a Philam Life Financial Planner, Connie had an Excelife Gold plan with a Lifeline rider that provides cash for hospital or medical expenses upon diagnosis of cancer, stroke, heart attack and 32 other critical illnesses. This plan helped her to take care of her bills and to focus on getting better. Today, she is a cancer survivor and is back to taking care of her business and her mom. Connie is just one of thousands of plan holders who rely on Philam Life’s insurance plans. Philam Life has provided P8.17 Billion in total insurance

BPI...

from page 3 (20%), while the consumer loans growth was modest at 11%. Loan to deposit ratio thus improved from 56% to 66% with the peso component now at 75% from 64%. Despite the growing loan portfolio, net 30 days nonperforming loans (NPL) remained below the industry NPL at 2.3% with reserve cover of 115%. The Bank’s Basel II capital adequacy ratio (CAR) was 15.9% while Tier 1 CAR was 14.4%. The Bank’s strategy enabled it to maintain its net interest margin and, despite the market volatility in the third quarter of the year, to grow its net income by 6% to P9.6 billion for the first nine months of the year. Return on equity was 15.5% and return on assets was 1.6%. Total revenues were up by 7% as net interest income improved by 9% fuelled by a P67 billion growth in average asset base. Non-interest income was just slightly ahead of the previous year as securities trading gain fell short by P809 million from last year as

9

expected. This was however more than compensated for by higher fees and commissions, income from insurance operations, and other operating income. Operating costs were however higher by 13% with half of the increase arising from salary adjustments and CBA related expenses. Increases were also seen in premises cost, regulatory costs, and other variable expenses. With the Bank’s relatively stable asset quality and sufficient loan loss reserve coverage, the Bank booked lower year to date impairment losses of P1.5 billion. Aurelio R. Montinola III, President and Chief Executive Officer of BPI said “Despite sustained growth, we are still cautious and monitoring external events and any possible transmission risks to BPI. We have therefore decided to focus on the safety of our assets and the maintenance of our yields at the expense of asset growth. Given a risk on, risk off environment, we are communicating more with our customers to provide better than foreign market investor returns and robust, diversified lending growth to help the economy.”

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10 Solar...

BusinessWeek

November 11-13, 2011

from page 1 the power crisis in the short term. A coal-fired power plant, especially of the advanced technology types now being pushed by Conal Holdings and Aboitiz Power would take even longer at 5-7 years to become operational. The Department of Energy (DOE) earlier expressed hope the Iligan Diesel Power Plant (IDPP) could come online to augment the Mindanao Grid with 95 megawatts but recent legal complications appear to have delayed this option. The need to roll out the solar power plants has gained even more urgency following the recent spate of yellow and red alerts in the Mindanao Power Grid in the midst of the rainy season, something which has not happened with comparable frequency before. Even now with normal water levels for Lake Lanao and the Pulangi River feeding the island’s hydroelectric power plants due to the ongoing episode of La Niña, the National Grid Corporation has already issued repeated Yellow and Red Alerts following the reduction of the Mindanao Grid’s ‘contingency reserves’ to zero, reduction in generation and imminent overloading of transmission lines due to preventive maintenance on two

units of its largest generating plants. In August alone, the NGCP issued five Yellow and one Red Alerts. “The recent declarations of Yellow or Red Alerts by NGCP further confirmed that Mindanao Grid has shortage of capacity necessary to provide the required Ancillary Services as specified in the Grid Code. This is not a good sign considering that we have ample rains and we don’t even have El Niño yet,” Mr. Tauli noted. “The construction of 100 MW of Solar PV power plants in Mindanao will significantly mitigate the shortage of power generation capacity that is now afflicting this part of the country, and is growing more serious with each passing year.” Department of Energy (DOE) figures show electricity generation in 2010 was reduced by 6.33% (or 430 million kWh, excluding losses and stationuse) compared to 2009. This reduction in generation represents the unserved electricity due to power supply shortage in Mindanao in 2010. Estimated economic losses made by Cepalco’s Tariffs Dept. using the ratio of the Gross National Product (GNP) to the total kWh sold (or P144 per kWh in 2010 multiplied by the 430 million unserved kWh) in 2010 translates to P62 billion of economic losses for Mindanao.

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

MINDANAO

Within the franchise area of CEPALCO covering Cagayan de Oro City and the municipalities of Tagoloan, Villanueva and Jasaan, Misamis Oriental, the reported total unserved energy of 15.6 million kWh translates to P2.2 billion of economic losses using the same ratio. The number of yellow and red alerts is expected to rise further as demand for energy in the grid rises, even during the rainy season when there is usually sufficient water in Lake Lanao and the Pulangi River to run the Agus-Pulangi hydroelectric power plants which supplies some 55% of the power needed by the Mindanao Grid at full tilt. “The proponents of coal plants say that there are no viable alternatives for their power projects. There are enough renewable energy resources in Mindanao, mostly hydro power plants, to supply our power requirements for the next twenty to thirty years (at which point we expect solar power to become cheap enough to supply the requirements farther into the future),” Mr. Tauli added. (see more of Mr. Tauli’s Letter to the Editor on Page 5 of this issue)

Oil...

from page 1 funds collected since 2002 up to June 30, 2011 and placed in a special account called Fund 151, has amounted to P 115,172,459,739.78 (P115Billion). This amount is more than enough to buy back Petron and allow the government to control the price of oil products. This was bared by partylist representative Nilo Colmenares who said that with the latest surge of oil price increases, the Aquino administration should imediately start the process for the buy back of Petron using the misused and abused P 151 Billion Malampaya fund. “Buying back Petron is gravely important because it will allow government to sell petroleum at the proper and correct price thereby making it difficult for the other Petroleum players like Chevron or

Shell to sell petroleum at an overprice,” Colmenares said. The awmaker said that because the fund was hidden from public scrutiny and was used as a presidential pork barrel by the previous administration, former Pres. Gloria Arroyo, from 2002 until she left office in June 2010, spent a total of P23.6 Billion of the Malampaya fund in highly irregular projects. Mr. Dante Ang said that the total cost of upgrade of its biggest and main refinery in Bataan is US$ 1.8 billion. “This is certainly a bloated amount and the government must ensure that Petron must not be bought back at an overprice, but even this bloated amount is not even half of the remaining Malampaya funds, which the Aquino government itself projected to amount to P169 Billion by 2012. In short, the government can afford to buy back Petron using the Malampaya fund,” he said. “If the official records of the Budget of Expenditures and Sources of Financing (BESF) submitted by Pres. Aquino this year is to be reflected, the total Malampaya funds by 2012 will be P151,122,534,000. In fact, based on the same 2012 BESF, the total non-tax revenues of the Department of Energy alone (collections from Malampaya, Matinloc-Nido, and other income sources) already amounts to P169,838,423,000.00. While Congress focuses on the tax revenues collected by the BIR and Customs, these non tax revenues are hidden from congressional view and allocation,” Colmenares said. “Considering that 3.8 Billion of the Malampaya funds was misused by the DPWH for favored districts in 2009, and and an unbelievable P 1.14 Billion for DILG-PNP’s supposed ‘disater preparedness’ program, and 5.2 Billion went to nonenergy related projects of the Department of Agriculture, it’s about time that we put these funds to good use.” He also said that, “Pres. Aquino has unbridled discretion over the said fund that he could easily grab the chance of controlling a major indus-

REPUBLIC OF THE PHILIPPINES REGIONAL TRIAL COURT 10TH JUDICIAL REGION BRANCH 28 MAMBAJAO, CAMIGUIN IN THE MATTER OF PETITION FOR CORRECTION OF ENTRY IN THE RECORDS OF BIRTH IN THE OFFICE OF THE LOCAL CIVIL REGISTRY OF SAGAY, CAMIGUIN.

SPL. PROC. NO. 445

LILIA M. CASTANARES-GALANG, Petitioner. THE LOCAL CIVIL REGISTRAR OF SAGAY, PROVINCE OF CAMIGUIN, Respondent. X---------------------------------------------------------/ ORDER

FOR YOUR ADVERTISEMENTS PLACEMENTS CONTACT

Petitioner, Lilia M. Castanares-Galang, of legal age, Filipino, married to Pedrito A. Galang and a resident of Block 15, Lot 2, NHA, Phase 1, Kauswagan, Cagayan de Oro City, through counsel, alleges that she was born on February 10, 1957 at Centro, Sagay, formerly Misamis Oriental, now Province of Camiguin to spouses Conrado A. Castanares and Eugenia Mendez. The fact of her birth was duly recorded in the Office of the Local Civil Registrar of Sagay, Camiguin. However, when she secured a copy of her Certificate of Live Birth from the National Statistics Office (NSO), she discovered that it erroneously recorded her date of birth as April 1, 1957 instead of the correct one which is February 10, 1957 which she has always been using in all her private and public dealings. Petitioner is therefore seeking correction of such erroneous entry, hence, this petition is filed. The petition being sufficient in form and substance is hereby set for hearing in this Court’s Session Hall on December 9, 2011 to start at 8:30 o clock in the morning. Let copy of this Order and of the petition and its annexes be sent to each of the following: 1. Office of the Solicitor General 2. Office of the Local Civil Registrar of Mambajao, Camiguin; 3. Office of the Local Civil Registrar of Sagay, Camiguin; and 4. Office of the Provincial Prosecutor, Mambajao, Camiguin. A copy of this Order is required to be published at petitioner’s expense in any newspaper of general circulation in the Province of Camiguin once a week for three consecutive weeks prior to the date of hearing. Any person or entity whose interest might be adversely affected by the proceedings in this case may file written opposition and personally appear during the hearing and substantiate the same. SO ORDERED. Done in Mambajao, Camiguin, this 17th day of October 2011. BWM November 4, 11 & 18, 2011

(Sgd.) RUSTICO D. PADERANGA Judge

try that will give a big relief to the Filipinos – unlike the billions spent on nebulously anomalous projects that never made an impact on the people’s lives. Kalaki-laking pondo tapos parang di naman natin nararamdaman ito. Bilhin na natin ang Petron at malaki ang impact nito sa ating lahat,” ended Colmenares.

Miner... from page 4

approval of Mining Group’s shareholders for the transaction, the loan will be deemed repaid in full by crediting the loan amount towards the purchase price. Cadan said that in the event the transaction with Mining Group does not proceed, the loan will be repayable in 12 months. The agreement also said that at the closing of the transaction, Mining Group will pay Cadan a further A$2 million and 2.6 million of its fully paid ordinary shares. C adan said Mining Group will likewise be given an option to have an 80% interest in its Batoto gold or silver project, which is also located in Compostella Valley, within nine months from the completion of the deal.

while containing general and administrative expenses. Cash flows from pre-sales of residential launches and proceeds from the P10billion commercial note issuance brought ALI’s cash and cash equivalents to P24.5 billion, allowing it to have a current ratio of 1.88:1. Total borrowings went up to P29.9 billion endSeptember from P21 billion in end-December, translating to a debt-to-equity ratio of 0.50:1 and a net debt-toequity ratio of 0.09:1. “The company’s balance sheet remained strong with sufficient capacity to support its aggressive growth plans in the next few years,” ALI said.-- InterAksyon.com

Coop... from page 5

of the company. It will put up five remittance centers in key areas, but some branch managers outside of the five branches where these centers will be set up already wanted their branches to be included in the business model. The cooperative is also finalizing its agreement with the city-based petroleum company, Phoenix Petroleum Philippines, for the from page 4 as the company moved to setting up of its first gasoline focus on internal projects. station in Digos City, Davao It said only revenues from del Sur, he added. (pna) third-party contracts or the revenue share of third-party from page 5 minority interests in internal projects are reflected in “More time will be necthe property developer’s essary for (Mitsubishi’s) accounts. supply chain to recover Property management completely due to the devimproved revenue-gener- astating impact of the masation with the additional sive flooding on suppliers carpark management con- in Thailand,” it said. tracts. “However, (the company) The company’s nine- and its partners together will month expenses rose 13 continue to put their best percent to P24.81 billion efforts towards resuming from P21.87 billion a year normal production levels at ago as cost of sales from real the Laem Chabang plant,” it estate and hotels increased said. -- InterAksyon.com

Ayala...

Toyota...

Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region BRANCH 28 Mambajao, Camiguin IN THE MATTER OF THE PETITION FOR CORRECTION OF ENTRY IN THE OFFICE OF THE LOCAL CIVIL REGISTRAR OF MAMBAJAO, CAMIGUIN

SPL. PROC. NO. 447

VIOLETA BACOR VILLACERAN, Petitioner, X---------------------------------------------------/ ORDER Petitioner who is a Filipino, of legal age, married and a resident of Punta Princesa, Cebu City, thru counsel, avers, that she was born on August 01, 1966 at Sadpan, Mambajao, Camiguin to Spouses Filomeno Bacor and Norma Noguera-Bacor. Her birth was duly recorded in the Office of the Local Civil Registrar of Mambajao, Camiguin as shown by her Certificate of Live Birth but which birth record erroneously recorded her date of birth as September 01, 1966 when in fact and in truth it is August 01, 1966 as shown in her Elementary and Secondary School Permanent Records, Official Transcript of Records, Bureau of Internal Revenue I.D., Voter’s I.D. and Non-Professional Driver’s License. In order to correct such erroneous entry this petition is filed. The petition being sufficient in form and substance is hereby set for hearing in this Court’s Session Hall on December 12, 2011 to start at 8:30 o’clock in the morning. Let copy of this Order and of the petition and its annexes be sent to each of the following: Office of the Solicitor General; Office of the Local Civil Registrar of Mambajao, Camiguin; and the Office of the Provincial Prosecutor of Camiguin. A copy of this Order is required to be published at petitioner’s expense in any newspaper of general circulation in the Province of Camiguin once a week for three consecutive weeks prior to the date of hearing. Any person or entity whose interest might be adversely affected by the proceedings in this case may file written opposition and personally appear during the hearing and substantiate the same. SO ORDERED. Done in Mambajao, Camiguin, this 25th day of October 2011 (Sgd.) RUSTICO D. PADERANGA Judge BWM: NOV. 11, 18, & 25, 2011


MINDANAO

BusinessWeek

Tourism

DENR-LGU Camiguin ink MOA on Mt. Ilihan EcoTourism project By G. THIAM

CAGAYAN DE ORO CITY, Misamis Oriental, Nov. 10 -The Department of Environment and Natural Resources, region 10 (DENR-10) has entered into a Memorandum of Agreement (MOA) with the Province of Camiguin and the municipality of Guinsiliban for the conservation of two (2) ecotourism projects. These eco tourism projects include the Mt. Ilihan and the Cantaan Coastal Resource Management Project (CRMP), both in the municipality of Guinsiliban. Located in Barangay Butay, Mt. Ilihan is a 3-hour climb uphill where one will have a majestic view of the bluishgreen ridge of the island’s mountains and slopes. The peaceful ambiance at its peak is an ideal camping site. Also called “Munting Calvaryo (Small Mt. Calvary), Mt. Ilihan is also a religious site often visited during the Lenten season and considered as the last

frontier in the municipality. Under the MOA, DENR is tasked to conduct survey mapping and assessment of the area for Mt. Ilihan/ Munting Calvaryo Forest Park and provide technical assistance in terms of protection, rehabilitation and development for effective forest resources management. The DENR shall also assist LGU-Guinsiliban in determining the carrying capacity on the site as an eco-tourism destination and other technical concerns, such as, the National Greening Program (NGP) and Solid Waste Management (SWM). For its part, the Provincial LGU of Camiguin shall provide support for the project, such as, manpower, Integration of the comprehensive management and development plan to the provincial development plant plan. It shall also conduct monitoring and evaluation, together with DENR

and the Guinsiliban LGU to enhance the operation and management of the project. Likewise, the Guinsiliban LGU shall assign a focal person to the Mt. Ilihan Eco-tourism Project/ Munting Calvaryo Forest Park and develop, rehabilitate and protect the whole area covered by the project and exercise direct control and supervision over it. Meanwhile, DENR 10 will co-manage and develop the Cantaan CRMP, in coordination with the LGU’s of Camiguin and Guinsiliban, in close coordination with the people’s organization (PO’s). The project site covers a total area of 1,116.2821 hectares broken down as follows: offshore area, coral and sea grasses, 1,023.0469 hectares, foreshore area/ salvage zone, 90.7352 has., and A &D Joint Venture Agreement (JVA), 2.50 has. Among the DENR’s tasks for the Cantaan CRMP are the following: Provide technical assistance

in terms of mangrove protection, rehabilitation and development and will also be responsible for filing and prosecuting criminal charges in court for violation of environment and natural resources laws. Be responsible in the monitoring and evaluation of researches conducted by the academe, non-government organizations (NGO’s) and non-government agencies (NG’As) implemented on the site with the collaboration of MLGU and PLGU. The PLGU of Camiguin shall provide livelihood or any income generating activities to support the project implementation and will also ensure the continuity/sustainability of the existing project to the community. They are also to provide assistance in the protection against any illegal activities pertaining to ENR, Forestry and Fishery Laws, in coordination with the concerned agency. (denr/pia-10)

Phil Red Cross 17th nat’l yourth congress held at CMU By ASA T. MADALE

MARAMAG-BUKIDNONThe Philiippine Red Cross recently held its 17th National Youth Congress at the Central Mindanao University (CMU) here with the theme “I. A. C. T.,Assert, Care, Transform”. Ms Gwendolyn Pang ,secretary-general of Philippine Red Cross said the main objective of the convention was trying to assert each youth in their extra-ordinary ideas and capabilities for change in our country.

Pang stressed that the youth should be encouraged to CARE for the environment to preserve our Mother Earth for the next generation and they should be steering to a transformation for the betterment of our world and serve as a hope of many fruitless Filipino in our Country. Al-Azanereeh R. Madale, chapter youth council president of Iligan City and Fairy Queen S. Enriquez lauded the Central Mindanao University administration for the hospitality

they have extended to the delegates. This give them the opportunity to be acquainted with each other from different Chapters all over the Philippines. Youth were united despite of their cultural differences and economic status with one goal and that is to pursue humanitarian services in our country to alleviate pain and sufferings and be one of the changes for the youth empowerment worldwide. Madale added. The Advisers Commission Session involves

Awards and Recognition initiated by Mr. Nonito Llanos III, the National Red Cross Youth Advisers League President, 143 Volunteerism and Management by Ms Arlyn Banks, Volunter Service OIC and Fund Raising in RCY Councils by Anaclets Bandril, Fund Generation Department OIC. The commission session gave knowledge that would guide as a bridge of the Youth in improving their corresponding chapters and be responsible in CONGRESS/PAGE 8

Congratulations to DR. LORNA ENDERES FLORES

wife of Judge Alan L. Flores, for her appointment by President Benigno Aquino III, as Commissioner of Commission on National Language, representing Southern Philippines, under the Office of the President of the Philippines. From:

RTC, Branch 07 Staff

November 11-13, 2011

11

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Country Village Hotel

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Apple Tree Resort and Hotel

Taboc, Opol, Misamis Oriental, Tel. Nos. 754525/ 754263/ 3091986, Fax No. (8822) 754497

Pearlmont Inn

Limketkai,Drive,CDO Tel. No. 729111 / 856-2654 / 729455

Red Palm Inn

EVChaves Building, Capistrano corner Cruz Taal Sts. Cagayan de Oro City Tel. No. 721197 and 8562671 Cell No. 0908-885-5643 Email: redpalm_inn07@yahoo.com

Chali Beach Resort

Cugman,CDO,Tel. No. 723929 / 855-2108 E-mail:chali_beach@yahoo.com

Nature Pensionne

Toribio Chavez Sts., CDO Tel. No. 723598 / 723718 / 857-2274

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

Malasag Eco Tourism Villages Cugman, CDO Tel. No.855-6183 [088]309-3752

LOT FOR SALE BEACH HOUSE

Baloy, Cagayan de Oro City

By appointment only Tel. #: (088) 855 3898


BusinessWeek

12 November 11-13, 2011

MINDANAO

1st Northern Mindanao Columbia Trail Masters:

By JOE PALABAO Feature Editor

C OVER-ALL CHAMPION MALE CATEGORY. Dexter Nonato (champion: 2nd from left) 1st runner-up- Jefferson Tabacon, (4th from left) and 2nd runner-up Leo Colonia (extreme right) with the Columbia Trail Masters organizers. PHOTO BY OHANA ADVENTURES

olumbia, the world’s finest sportswear company in one of its greater outdoor challenges brought in to Northern Mindanao, the 1st Columbia Trail Masters: Off Road Duathlon Race at Impasug-ong, Bukidnon on November 6. It was a 10K run, 30K bike and finish a- 5K run at the historic old Spanish road of Impasug-ong and Canyon Atugan Bridge down to the finish line. The duathletes were running, biking and running again an off- road trail to the finish line and experienced ecstatic thrill, adrenalin so high with the scenic back drop of the beautiful and panoramic mountains, steep sides and nature’s bounty of Impasug-ong. This venue is dubbed as the country’s home of the finest cowboys and Sports Tourism Center of Bukidnon today.

Out of the eighty (80) registered runners only seventy one (71) duathletes competed and completed the endurance race and displayed an enormous leg power as they finished a 10-kilometer run on foot, a 30K mountain bike and another 5K foot sprint-

down to the finish line. The runners were coming from Manila, Leyte, Butuan, Surigao, Ozamis City, Misamis Occidental, Zamboanga City, Davao City, Tagum City, Valencia City, Malaybalay City, Cagayan de Oro City and Impasug-ong. They were

the Columbia Trail Masters and at the end of the race twenty one (21) came out winners: as iron men and women of the race. “Iron Man” Dexter Nonato of Panahik Bukidnon was the over-all Champion Male Category with Jefferson Tabacon of Tagum City as 1st Runner Up and 2nd Runner Up Leo Calonia of Malaybalay City and a top twenty top elite skyrunner of the world. Meanwhile for the Female Category “Iron Woman” Judelyn Miranda of Tagum City was Women’s Overall Champion with 1st Runner-up Niecel Espinosa and 2nd Runner-Up Lalaine Patricio. MOGCHS student Jennifer Paloma top 18-25 year-old woman performer of the race. The 1st ever Northern Mindanao Columbia Trail Master Off- Road Duathlon Race was presented by Columbia Trail Masters and was organized by Ohana Adventures managed by Ms. Maite Abellanosa and husband Race Director Dr.

Rachito “Chi” Abellanosa with Engr. Boy Abao as the Race Technical Director. Hon. Mayor Mario Okinlay of the Local Government Unit (LGU) of Impasug-ong supported the event. Team JAO (Julia A. Okinlay) and the concurrent active Chair of Tourism of Impasug-ong facilitated the success of the race and personally went to the race site made sure that every participating duathlete was taking cared of. Sponsors were Res Toe Run, Executive Optical and Media Partner Business Week Mindanao. Sponsoring the drinks and water of the event were Gatorade and Natures Spring. Present during the race were Columbia Brand Manager from Manila Tiffany Batungbakal, Cagayan de Oro Area Sales Supervisor Hazel Ditching Sambilay and Samantha Solie Sanchez of Columbia Marketing Manila. NICE TRAIL COLUMBIA! EXCITING! REFRESHING!

Columbia Brand Manager Manila-Ms. Tiffany Batungbakal and Cagayan de Oro Area Sales Supervisor Hazel Ditching Sambilay with iron men winners. PHOTO BY OHANA ADVENTURES

10K run

Ohana Adventures Organizers- Ms. Maite Abellanosa with husband Dr. Rachito ‘Chi’ Abellanosa-Race Director posed with a runner from Davao City. PHOTO BY OHANA ADVENTURES

30K mountain bike

5K run to the finish line


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Lasang Secret Adventure: The newest ecotourism park in M’nao By JOE PALABAO Feature Editor

Nestled within the InitaoLibertad, Misamis Oriental landscape and seascape protected area is the Lasang Secret Adventure Park, the newest ecotourism park in Mindanao today. It is where one can commune with nature and the eco-system of its Protected Area along the Boardwalk. It is where one will have a chance to see its wildlife and watch the butterflies and the morning sun. Tackle the spiral staircase to the sky and enjoy the sky bridges at the tree tops and zip down back to terra firms after the extreme adventure. The Province of Misamis Oriental, the Provincial

Tourism Office and the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) formally inaugurated and opened Lasang Restaurant & Coffee shop, November 8, to cater the needs of travelers, the locales, domestic and foreign tourists coming to Northern Mindanao and take a breather at the Lasang Secret Adventure Park . In an interview, Provincial Tourism Consultant and former Dept. of Tourism X Regional Director- Ms. Dorothy Jean Pabayo told Business Week Mindanao that her team simply interpreted the rich concept of Governor Oscar S. Moreno of the eco-tourism park and made a state-of-the art Lasang Secret Adventure Park.

SM accessories Red Sale 50-50 for SM Accessories Red Sale on November 14-20, 2011. Grab special offers for as low as P50.00 and up to 50% off on great selection for Ladies’, Men’s, Children’s Accessories and Character Shop items. Happening at the Ground Floor Entrance 1, SM City Mall Cagayan de Oro. Avail these big savings and discounts in SM Department Store’s Red Sale.

The Park she says would cater to the Adventure & Educational Tour of the students of Northern Mindanao and to the domestic and foreign tourists coming to the region. Lasang is now a tourist destination where nature and ecotourism adventure is the main attraction. Guest of Honor, the Hon. LASANG/PAGE 14

Editor: Joe Palabao

November 11-13, 2011


14 November 11-13, 2011

BusinessWeek MINDANAO

Lasang Secret Adventure: The newest ecotourism park in M’nao from page 13

Mark Lapid, Jr. the concurrent General Manager of the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) lauded the great effort of the province in making Lasang Adventure Park a landmark for the Tourism Industry in the country. He said “SA TURISMO MAY KABUHAYAN SA TURISMO UUNLAD ANG BUHAY NG PAMAYANAN, SA TURISMO MAY MAKAKAIN SA HAPAG KAINAN.” During the inauguration was also the groundbreak-

ing of the 15 Million Lasang Eco-Tourism Lodge funded by TIEZA. It is a 2-storey building with 20 rooms, SPA, Jacuzzi and other amenities to compliment the beauty of nature of Lasang Secret Adventure Park. Giving colors to the opening was the presence of the Local Executives of Misamis Oriental. Hon. Mayor Joecelle Tiu of Libertad, Mayor Oliver Ubaub of Laguindingan, Mayor Allan Labis of Alubijid with their first ladies. Hon. Frederick W. SiaoCity Councilor of Iligan City, Environment Officer

Conrado Sescon of Initao. SP Member Hon. Mugot, Hon. Lagbas of Sugbongcon, Miss Misamis Oriental beauties, Land Management Services Head-Paquito Jun Melicor of DNER representing Regional Environment Director Dr. Corazon Galinato. Decius Esmedalla of the Dept. of Tourism X, the Provincial Staff, MisOr Chorale for the entertainment numbers. Spotted were Ernie Pelaez of Mapawa Adventure Park, Manny Valdehueza of Gising Barangay Movement and the many locales and guests who graced the occasion.

Unwind at Manjo’s Café and Music Bar By JOE PALABAO Feature Editor

EVERY night except Sunday La Ilongga Restaurant presents “An Exciting and Nostalgic Nights” at their Manjo’s Café and Music Bar fronting City Hall. On Friday nights enjoy their Latino and Latin Beat Music where the band plays the “Songs that transcends the Generation” – yesterdaytoday and forever. Saturday nights go Rollin’ ‘60’s/ Rock ‘n’ Roll, the songs we grew up with and linger our thoughts with friends and bring back the memoirs of a lifetime. Tuesdays and Thursdays

are Acoustic Nights where the performers bring you the realm of “Folk and Country Music.” Listening to the plucking of guitar means experiencing Pure and Natural Music to enter into the deepest recesses of our soul and be ourselves and enjoy camaraderie with friends. On Wednesday nights you can listen along with friends Motown Sounds and experience “Black Power Magic.” Take the best drinks and enjoy music that soothes to your ears and relax with friends after a day’s hard work. On Monday nights be among the guests who listen to Music Video TVthe “Concerts of Classic

Track”. It is only at La Ilongga Manjo’s café and Music Bar, newest music escapade in the City of Golden Friendship where friends meet friends, enjoy the nights with music to lighten up your day. It is only at Manjo’s café and Music Bar- A Place where you can take a journey down memory lane. So FRIENDS, BARKADAS, YUPPIES, BUSINESSMEN & the not so old and young generation let us be happy and be merry: Let us all enjoy, and spend an Exciting and Nostalgic Nights at MANJO’S CAFÉ and MUSIC BAR just fronting the City Hall.

Mark Lapid, Jr. the concurrent General Manager of the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) with Misamis Oriental Governor Oscar S. Moreno lead the ceremonial cutting of ribbon of the Lasang Restaurant & Coffee to cater the needs of travelers, the locales, domestic and foreign tourists coming to Northern Mindanao and take a breather at the Lasang Secret Adventure Park.

Debate on Press Freedom highlights COPC’s 60th foundation day, Nov. 11 By RUTCHIE CABAHUG-AGUHOB

CAGAYAN DE ORO CITY- “Lantugi (debate) sa Press Freedom” will highlight the celebration of Cagayan de Oro Press Club’s (COPC), 60th Founding Anniversary, tomorrow, Nov. 11. Start at 3:00 p.m., the debate will be held at the Press Freedom Monument, Provincial Capitol, here, Atty. Santiago Goking, Jr., COPC President, said. He said the celebration

will center on the theme “Balik-Lantaw, Pamalandong, Pasalamat ug Tubag sa Hagit sa Panahon (Retrospection and Thanksgiving and Responses to the Challenges of Time).” The day will begin with a Media Walk-for-a-Cause at 5:00 a.m. from the Rodelsa Circle near the New Cagayan de Oro Bridge to the Misamis Oriental Provincial Capitol. It will wind up at the Press Freedom Monument where

a Thanksgiving Mass will be held at 6:00 a.m. officiated by Msgr. Elmer Abacahin, followed by a fellowship breakfast at 7:00 a.m. inside the COPC Boardroom. A Radio Tour at Magnum Radio, Bombo Radyo and Radyo Agong, have also been scheduled at 11:00 a.m., Goking said. He said COPC members are also invited to the fellowship dinner at the Oriental Garden of Philtown Hotel, this city, at 7:00 p.m. (pia-10)

Congratulations and More Power!!! Cagayan de Oro Press Club (COPC) on its 60th Foundation Day. November 11, 2011 Theme:

“Balik-lantaw, Pamalandong, Pasalamat ug Tubag sa Hagit sa Panahon”

Greetings from:

The Management and Staff of

BusinessWeek

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

INDANAO

AILY

Ang Newspaper ng Masa


BusinessWeek MINDANAO

November 11-13, 2011

15

Congratulations and More Power to theMen and Women of the Cagayan de Oro Press Club (COPC) on its 60th Foundation Day. November 11, 2011 Theme: “Balik-lantaw, Pamalandong, Pasalamat ug Tubag sa Hagit sa Panahon”

Greetings from:

Norris Babiera VICE GOVERNOR

Oscar Moreno GOVERNOR


16

BusinessWeek

November 11-13, 2011

Meet and Greet with BNY’s Coleen Garcia and Martin del Rosario A BRIGHT new star to watch for and a dream boy to hang on. C oleen Garcia is a show business newbie was first spotted in a Skin White TV commercial opposite John Lloyd Cruz. It was followed by the equally popular Lewis & Pearl cologne T V commercial w h e re s h e starred as “A n g e l ”. Her most recent a n d probably t h e

most notable TV commercial appearance is in the Nestea Iced tea series where she plays “Mattina”, the main character’s love interest. Undeniably, her good looks have made her one of the most soughtafter faces in the industry. On the other hand, Martin del Rosario is equipped with good looks, killer smile, and innate acting prowess, Martin Miguel del Rosario is undeniably t he complete “Dre am boy” package. He first showed-off his talent in ABS-CBN’s Abt Ur Love as Ray, then a string of

projects rained down on him shortly after. As one of ABS-CBN’s fastestrising male talents, he has been privileged to join a roster of big names in show business in the most talked-about teleserye, Minsan lang kita iibigin. In coordination with SM De-

partment Store Ladies Fashion M a n agement Corporation and BNY, Coleen Garcia and Martin del R o s a - rio will throw an exciting mall show at SM City Mall Atrium on November 20, 4:00 in the afternoon. Simply purchase P399.75 worth of BNY items from SM Department Store to get up close and personal with these bright new stars. Production numbers from both artists and exciting games and prizes will be something to watch for. Don’t miss this fabulous event on November 20. Happening only in SM City Cagayan de Oro.

MINDANAO

Negros Navigation, SuperFerry moving forward together IN the spirit of solidarity, officers and staff of Negros Navigation-ATS trooped to the PPA Gym in Manila on September 30, 2011 for the annual Negros Navigation-ATS Employees’ Day. Typhoon Quiel did not dampen the festive mood of the event as Sulficio Tagud Jr., NN-ATS Chairman, formally opened the af fair. Inspired by t he success of the Philippine Dragon Boat Team, Tagud encouraged everyone to move together forward. “Like the Philippine Dragon Boat Team, every member of NN-ATS family should strive to work in harmony. Let us all move together forward and paddle our way to success.” The celebration also

Negros Navigation-ATS employees, headedby executive Vice President for Freight Business Jose Manuel Mapa (left), had a fun-filled day recently at PPA Manila. PHOTO SUPPLIED

marked the integration of Negros Navigation and SuperFerry workforce to form the biggest interisland shipping company

in the Philppines. “This is an important day in the Negros Navigation-ATS calendar. Not only does it unite employ-

ees behind one goal, it also serves to remind us that everyone is part of the company’s success,” Tagud concluded.

BusinessWeek Mindanao Nov 11  

BusinessWeek Mindanao Nov 11