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YOUR LOCAL ONLINE BUSINESS PAPER Issue No. 25, Volume III • November 18-20, 2011

Market Indicators

AS OF 5:40 P.M., NOV. 17, 2011 (Thursday)

6 cents


PHISIX 4,334.66 points

6.96 points


FOREX US$1 = P43.50

Briefly Ravaged farms

DAVAO City -- The government is willing to allocate the necessary budget to contain the disease that affected a total of over 600 hectares of banana plantation in Mindanao. This was announced Wednesday by Agriculture Secretary Proceso Alcala during a faceto-face meeting with regional officials of the department here and banana industry sector in Mindanao to discuss measures on how to contain fusarium wilt, also known as Panama disease, that ravaged banana plantations in the island. Alcala said the meeting served as a consultation and presentation of recommendations from the DA to the private sector on the strategies to take to contain the disease.

5% growth target

THE Philippine economy is likely to grow at least 5 percent in the third quarter compared to the previous quarter, according to a market report. “Because of the continuously strong industrial sector, decent national government spending and OFW remittances, strong growth in China and US and the easing euro-zone crisis, it has become more likely for GDP [gross domestic product] to reach a growth of at least 5 percent in the third quarter,” First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) said in its latest research note. GDP is the total value of final goods and services produced in the country. In the second quarter, the economy, as measured by GDP grew by only 3.4 percent.

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Development of smaller ‘feeder’ ports pushed By ALLAN MEDIANTE, Executive Editor


ORMER Senate President Aquilino Pimentel, Jr. has expressed concern over the reported plan by the Department of Transportation and Communication’s (DOTC) to prioritize the development of fewer, but larger ports, saying that while having large ports would allow the movement of greater volume, neglecting the development of smaller “feeder” ports would stifle the flow of goods from a significant part of the country, and possibly lead to “inefficiencies across the whole ports system strategy.”

Pimentel said that while developing feeder ports would indeed entail increased operating and maintenance costs, the same would contribute two major benefits that may help offset this increase in expense. FEEDER/PAGE 7

Gov’t eyes 6 more ports in Visayas, Mindanao THE Philippine Ports Authority needs to build six more ports, mostly in the Visayas and Mindanao, to complete the country’s roll-on, roll-off (Roro) transportation system. PPA assistant general manager Raul Santos said that the agency will spend for the construction of the ports, which will continue the previous administration’s thrust of investing in far-flung areas even if it has very little or no financial viability at all. “The PPA is convinced that except for about six other sites, the existing Roro transport system is adequate to provide seamless connections between PORTS/PAGE 8

Child scavengers dig into the pile of garbage for anything that can be recycled to help feed their family. About 10.4 million Filipino households believe they are still poor, the Social Weather Station (SWS) survey says. PHOTO BY MIO CADE

More Pinoys think they’re poor: SWS AN estimated 10.4 million Filipino households believe they are poor, according to the latest Social Weather Stations survey conducted in the last quarter. The survey, conducted last September 4-7 and published first on BusinessWorld, showed 52% of the respondents saying they are poor, up from 49% in June.

SWS said self-rated poverty jumped by 15 points to 53% in Balance Luzon, while dropping in the Visayas (53%), Mindanao (57%) and Metro Manila (39%). Self-rated poverty also rose to 62% in rural areas while staying at 43% in towns and cities. The survey also showed that 41% or 8.2 million families claimed to be poor in terms of food, up from

36% or 7.2 million families in the second quarter. SWS said poor families continue to lower their living standards. The median poverty threshold for poor families in Metro Manila rose by P4,000 to P15,000, and by P2,000 to P10,000 in the Visayas. The amount stayed at P6,000 in Mindanao and fell by P200 to P7,500 in Balance Luzon. SWS/PAGE 10

Davao, Caraga areas chosen for rice production projects By CARMELITO Q. FRANCISCO Correspondent

DAVAO City -- The National Food Authority (NFA) has identified Davao and Caraga regions as possible rice production hubs. Angelito T. Banayo, administrator of the agency, said during his recent visit to Davao del Norte capital Tagum City that the two regions could attract inRICE/PAGE 10


November 18-20, 2011




Philippine Trade Unions Walk the ‘Green’ Talk By FRYAN ABKILAN, Contributor


HE Trade Union Congress of the Philippines (TUCP) and Workers Development Foundation Inc. (WDFI) with support from the Japanese unions, together with 25 young trade union leaders from 17 local affiliated unions in Luzon, Visayas and Mindanao, joined the country’ countdown to Rio+20 with a National Workshop on Green Jobs and Decent Work, held in Cagayan de Oro here recently. “Our engagement in Ernesto Herrera, TUCP green programs started with General Secretary, recalling great optimism,” said Bro. that in 2007 TUCP affiliates



and members decided to carry out non-traditional (trade unions’) ambitious sustainable development actions and activities. “We started with ambitious goals with a serious commitment for action. Looking back from where and how our engagements began, how much we’ve learned, and what we have accomplished to date, that green journey needs more action from trade unions,” pointed out Bro. Herrera. Together with represen-

tatives from the Climate Change Commission (CCC), regional offices (Region 10) of the Department of Labour and the Regional Wages and Productivity Board (RTWPB), the largest Japanese national center, the Japanese Trade Union Confederation (JTUC-RENGO), and the Japan International Labour Foundation (JILAF), the program looked at government’s current programs and initiatives on green jobs and appreciated actual, on-theground experiences, activi-

ties and green and greening programs of unions. “We are happy to see the extent of engagement, the variety of activities and of how far Philippine unions have gone in green jobs and decent work,” said Bro. Yoshiharu Sonezaki, Assistant Director, Social Policy Division, Department of Economics and Social Policy, JTUC-RENGO. Unions as major actors of sustainability The participants put TRADE/PAGE 7

DTI assures manageable commodity prices in Davao By CARINA L. CAYON Contributor

DAVAO City -- An official of the Department of Trade and Industry here assured that prices of basic commodities in Davao are still manageable and DTI keeps a tight watch on the movement of prices for the coming holiday season. DTI regional director Marizon Loreto said that as of Tuesday night, she monitored a downward trend of prices in almost all products. Loreto attributed the price decrease to the competition among traders who mostly sell similar products. She said local traders are offering their products in sets or packages with free items. This is a form of product promotions which customers anticipate especially during Christmas season, she said. Loreto said DTI monitoring teams are vigilant on the prices of the basic goods, Christmas items and construction materials. In the implementation of the suggested retail prices (SRPs) as of November 03, 2011, Loreto clarified that SRP only covers Noche Buena products such as hams, cheese, mayonnaise, sandwich spread, elbow and macaroni pasta and spaghetti sauce. The DTI official said that if an increase would be effected, the mark up would be minimal at the rate of P5 to P10, to cover for the promotion and freight costs. Loreto said DTI has not yet received any report of local traders violating the SRP.


November 18-20, 2011




The Heart of Cagayan de Oro City

At forty one “Getting Stronger and Better” Text by JOE PALABAO/Feature Editor Photos supplied by VIP HOTEL

T Cee’s Restaurant


HE VIP Hotel now on its 41st years celebrating the Ruby Years of serving foreign and domestic tourists is getting stronger and better. It has upgraded all its world class amenities to suit and meet the travelers ever changing needs from all over the country and the world as well. The VIP Hotel has become a landmark in the hotel industry in Cagayan de Oro City and it is strategically and ideally situated at the heart of the City.

VIP Hotel has 78 well appointed luxurious guestrooms and suites to include a Business Class, refurbished and upgraded VIP Class New rooms, Junior and Executive Suites of the 2nd and 5th Floors of the Hotel. For 41 years, VIP Hotel accommoda-

The New Casa Real at the 6th floor tions and ser vices has of Golden Friendship’s accommodate from 10-250 been honed to a fine art hospitality is given. persons. and just a few of the many With world class faS o, when you visit things it has boost as one cilities and amenities The Cagayan de Oro City, now of the premiere hotels in VIP Hotel is the ideal a tourist destination in the Northern Mindanao. True place and perfect venue Philippines, a booming to their name, The VIP for meetings, receptions, metropolis and home of Hotel treats every guest as banquets, weddings, birth- the friendly Kagay-anons, a “Very Important Person,” days, and other events. be sure to stay at The VIP where the best of the City Their function rooms can Hotel.

Mandana Hall

VIP CLASS with two single beds

Executive Suite

VIP CLASS with Matrimonial Bed

Junior Suite


Receiving Room of the Junior Suite

For More Information or Reservations: The VIP Hotel Don A. Velez corner Borja Streets, Cagayan de Oro City 9000

Tel Nos. 63 (08822) 726-080/726-552/63 (088) 856-2505/826-2828 Fax No. 63 (08822) 726-41, Email:

4 November 18-20, 2011


Monte Oro buys stake in gold mine MONTE ORO Resources and Energy, Inc. is acquiring a stake in Apex Mining Co.Inc., the firm behind a Compostella Valley gold reserve, for $6 million. In a disclosure to the Philippine Stock Exchange yesterday, Apex said it had signed an agreement with Monte Oro which will subscribe to the miner’s 73.222 million common shares, subject to certain conditions. “The shares subscribed by [Monte Oro] shall be equivalent to at least 5% of the total outstanding capital stock of the company,” Apex said. It said that the closing of the agreement is expected to take place on Friday. Monte Oro, which is owned by Walter W. Brown and Enrique K. Razon Jr., was formed in 2005 and is engaged in the business of metals mining, oil and gas production as well as infrastructure development activities. In March 2010, Monte Oro sold its subsidiary, Monte Oro Grid Resources Corp.(MOGRC) to One Taipan Holdings, Inc. which is owned by Henry T. Sy, Jr. for $350 million. MOGRC has a 30% stake in the National Grid Corporation of the Philippines, which operates the country’s transmission system. Apex’ main project is the Maco gold mine in ComMONTE/PAGE 7

By Laurel Media/RTM

FUEL PRICE HIKE/ TRANSPORT SECTOR Two of the country’s largest oil firms and a smaller player raised the prices of their diesel products Monday, this week by P1.90 per liter. Pilipinas Shell Petroleum Corp., Chevron Philippines Inc. and Total Philippines Inc. sent their respective media advisories on the price hikes shortly after midnight of Sunday. At press time, Petron, the country’s largest oil refinery, has yet to announce any price adjustment. The announcement prompted renewed calls from transport groups for an increase in minimum fares by as much as P2. Deputy presidential spokesperson Abigail Valte assured the public that the administration remains vigilant in its monitoring of fuel price adjustments to make sure every increase is justified. DOCTORS’ TAX OBLIGATIONS The Philippine Medical Association (PMA) and the Bureau of Internal Revenue (BIR) will set up “tax clinics” to educate physicians on the computation of their taxes. PMA president Dr. Oscar Tinio said doctors are willing to pay their taxes but many of them do not know how to compute them. The PMA partnered with the BIR after many of its members were allegedly subjected to harassment by tax collectors posing as patients. The PMA complained that tax collectors had embarrassed physicians in front of the patients. PMA and the BIR agreed to form a task force to help physicians comply with tax laws. TRANS-PACIFIC PARTNERSHIP The Philippine’s bid for inclusion in a US-backed Asia-Pacific free trade deal has been given a boost following both countries’ signing of an agreement primarily aimed at improving bilateral commerce. US Trade Representative Ron Kirk and Trade Secretary Gregory L. Domingo inked a customs administration and trade facilitation protocol at the sidelines of the just-concluded Asia Pacific Economic Cooperation (APEC) summit in Hawaii. Domingo, the Office of the US Trade Representative (USTR) said, was also briefed by Kirk on the Trans-Pacific Partnership (TPP) initiative that Washington is pushing along with eight other economies. APEC LEADERS ON FREE TRADE AND GREEN GROWTH

Mang Inasal recently opened its 421st store at the ground floor of the Jollibee Center, Emerald Avenue, Ortigas, Pasig City. Gracing the ceremonies were (left to right ) Mr. Haresh Hiranand, Franchisee, Mr. Ferdinand Sia, President/COO of Mang Inasal, Mr. Kenneth Shaw, Franchisee, Mr. Edgar Sia II, Vice-Chairman of Mang Inasal, Mr. Tom Allin, Point-person of Jollibee Foods Corp to Mang Inasal, Mr. Ernesto Tanmantiong, President of Jollibee Foods Corp. and Mr. Dondi Gomez, VP - Corporate Marketing of JFC. The inauguration of the store coincided with Mang Inasal’s 11.11.11 The More The MANY-ER campaign offering an array of 27 new products, the opening of Mang Inasal Jr. in General Luna, Iloilo City, the Grand re-Opening of Mang Inasal’s Mall Of Asia Branch in 3G execution, Mang Inasal Redemptorist St.Baclaran, Paranaque City and their announcement of continuous expansion as they gear towards 2012 with 500 outlets and their extensive plans with their global expansion.

It said this is based on its improved performance in the first nine months. Alsons Consolidated’s net income attributable to the parent in January to September rose 58% to P402.4 million from P254.2 million in the same period last year. “Although revenues from power subsidiaries Western

Mindanao Power Corp. and Southern Philippines Power Corp. remained steady, revenues from Lima Utilities Corp. and Lima Water Corp. increased by P101 million due to higher sales of both electricity and water to the locators of the company’s Lima Technology Center in Batangas province.” Me anw h i l e , A l s ons

Consolidated said its unit Sarangani Energy Corp. is set to begin construction of a 100-megawatt coal-fired power plant in Maasim, Sarangani at a cost of $280 million. The plant, which will use circulating fluidized bed boilers, will begin commercial operations in June 2014.

Tanduay Holdings forecasts income surge by yearend LIQUOR PRODUCER Tanduay Holdings, Inc. expects to nearly double 2010 profits by yearend with sales seen to improve in the fourth quarter, an official said ahead of a planned share sale next month. Net income is seen to hit P1.1 billion as sales volume is seen to recover in the fourth quarter from a reported slowdown in the nine months to September. This compares against the P645.276-million net income recorded in 2010 and the P653.525-million comprehensive net income attributable to equity hold-



Alsons Consolidated sees better earnings this year ALCANTARA-led Alsons Consolidated Resources Inc. is expecting its earnings to grow by 28% this year on the back of strong revenues from its power and water utilities in Batangas province. Alsons said its net income is projected to reach P482.9 million in 2011, against P377.8 million in 2010.


ers of the parent. “For the full year we are seeing strong growth in net income especially since we have finished the insurance recovery for the fire-damaged plant,” said Tanduay Holdings Chief Finance Officer Nestor C. Mendones in a briefing. The liquor producer’s Laguna facilities were damaged by a fire last year. The company added that farm sector yields are expected to rebound in the last quarter, particularly with the onset of the sugar milling season in Southern Philippines.

Sales volume for the year 2011 is expected to top 2010’s performance by 2% at P12.3 billion. The growth, however is said to be “relatively slower” than the 7.5% growth seen that year as well as the 6% average increase seen in the past five years. “ The year 2010 was boosted by election spending and 2011 was affected by a comparatively higher number of weather disturbances,” Tanduay Holdings explained. So far, Tanduay Holdings’ January-to-September net income grew by 60% to

P885 million over year-ago levels on the back of price increases and cost-efficiency measures according to earlier reports. But Mr. Mendones said the amount could have been higher if the company had “not booked a loss of P176 million for damages.” Mr. Mendones said the company’s planned expansion and upgrading of plants will help boost its sales. It is planning to expand its Absolut Distillers plant in Batangas, Asian Alcohol plant in Negros and its Laguna plant so the company TANDUAY/PAGE 7

Asia-Pacific Economic Cooperation (APEC) leaders have agreed to further open trade and promote green growth to shield against global economic uncertainty. In a joint statement, leaders of the 21-member forum noted challenges such as the European debt crisis and said they had “committed to taking concrete steps toward a seamless regional economy, in order to link our economies and markets ever closer together, for the benefit of all.” “Further trade liberalization is essential to achieving a sustainable global recovery in the aftermath of the global recession of 2008-2009,” they added. The leaders expressed “deep concerns” over deadlocked World Trade Organization talks, adding that they remained committed to “advancing specific parts of the Doha agenda where consensus might be reached on a provisional or definitive basis.” They agreed to pursue the Free Trade Area of the Asia Pacific (FTAAP) scheme, but made no mention of the Trans-Pacific Partnership (TPP) being pushed by the US. TREASURY BILLS • Uncertainties in the Eurozone over a worsening financial crisis spilled over to yesterday’s auction of government debt papers. From a planned debt sale of P9 billion worth of Treasury bills (T-bills), the government was only able to sell P3.150 billion as investors submitted throw-away bids, prompting the government to reject all bids for the 364-day T-bill and make a partial award for the 182-day debt paper. Finance Undersecretary Gil Beltran who headed yesterday’s auction panel said the debt market would probably stabilize in two weeks as European governments race against time to fix the crisis in Europe. BPO INDUSTRY Australian business-process outsourcing (BPO) firm Stellar is seeking to put up a facility with a capacity of 1,000 seats in the country every year as it seeks to take advantage of the low operating cost and topnotch talent here. Pablito Lim, chief finance officer of Stellar Philippines, said the company is committed to invest at least P300 million for each of the sites it will open. Stellar, he said, already has identified another location in Quezon City for its third site. AIRCRAFT PARTS MAKERS The Philippines wants to lure aircraft parts manufacturers to locate here in an attempt to make the country the hub for aircraft parts. Trade Undersecretary Cristino L. Panlilio said that during his recent US trip, he has met with Boeing to get the help of the world’s largest aircraft manufacturer in inviting its parts suppliers to invest in the Philippines. Panlilio said that the Philippines has the capability to produce aircraft parts. Panlilio was in the United States recently to lure potential investors. SM INVESTMENT’s INCOME SM Investments Corp. (SMIC), the investment holding firm of the country’s richest man Henry Sy, said its nine-month net income grew 13.6 percent to P14.17 billion, mainly driven by the robust performance of its banking, retail and real estate businesses. SMIC said consolidated revenues rose 13 percent to P140.1 billion from P124.34 billion. METROBANK’s INCOME Banking giant Metropolitan Bank & Trust Co. (Metrobank) has reported a consolidated net income of P8.9 billion in the first nine months of 2011, or 47.6 percent higher than the P6 billion realized in the same period last year. In the third quarter alone, earnings ballooned 52.8 percent to P2.8 billion from P1.8 billion in the same quarter in 2010. Net interest income rose 7.3 percent to P21.5 billion, thus lifting operating income to P37.7 billion. Also, net interest margins improved due to the 14.8-percent growth in loans and other receivables to P432.8 billion. VISTA LAND’s INCOME Villar-led housing builder Vista Land & Lifescapes Inc. jacked up its net income by 20 percent in the nine months ending September this year to P2.61 billion due to strong revenue growth. Vista Land said total revenues reached P10.75 billion, up 19.8 percent from P8.97 billion.




November 18-20, 2011


NEWS CAPS Aboitiz relocates to Manila By Laurel Media/RTM

ABS-CBN’s INCOME ABS-CBN Corp. suffered a 23-percent drop in its net income to P2.24 billion during the first nine months of 2011 from P2.9 billion in the same period last year. This as the company said consolidated gross revenues declined 15 percent to P21.1 billion during the period. Of the total revenues, those from advertising accounted for 63 percent and those from consumer sales, 37 percent. Ad revenues reached P13.4 billion, a 21-percent decline from yearago levels due to a slowdown in ad spending by corporates. Minus the revenues from political ads and advocacies in 2010, ad revenues declined only by four percent. Meanwhile, consumer sales amounted to P7.8 billion, a one-percent drop. JOLLIBEE’s INCOME Fastfood giant Jollibee Foods Corp. (JFC) said its net earnings rose 4.1 percent in the third quarter this year to P741 million even as revenues grew a hefty 19.1 percent. Revenues amounted to P15.23 billion as system wide sales, a measure of all sales to customers both from company-owned and franchised stores, increased 18.4 percent to nearly P20 billion, the fastest growth registered so far in 2011. Tony Tan Caktiong, chairman and chief executive officer of JFC, said the acceleration of sales growth in the country was driven mainly by the continued improvement in product quality and product value offering across the brands and by the continued expansion of its latest acquisition Mang Inasal. ENERGY DEVELOPMENT CORP.’S (EDC) INCOME Energy Development Corp. (EDC), the country’s largest geothermal energy producer, reported a net income of P1.81 billion in the third quarter of 2011, slightly lower than the P1.96 billion in the same period last year. EDC said this has reduced the year-to-date net loss to P488 million, which is primarily attributed to the full impairment of the company’s Northern Negros Geothermal Power Plant (NNGP). In June 2011, EDC recorded a P5 billion impairment charge, a non-cash expense, as a result of the decommissioning of its 49-megawatt power plant. The shutdown of the NNGP finally puts an end to the cash drain that EDC had to incur with the plant’s sub-optimal operations. RFM CORP.’s INCOME Food and beverage conglomerate RFM Corp. posted a net profit of P300.7 million in the first nine months of the year, down 43 percent from the same period in 2010. RFM president and chief executive officer Joey Concepcion noted that most consumer food companies struggled to escape the impact of the general economic slowdown and rising commodity prices and cost of utilities that were pronounced in the first half of the year. RAZON’s CASINO COMPLEX Port magnate Enrique K. Razon’s Bloomsbury Investments has tapped the services of Las Vegas, Nevada-based Global Gaming Asset Management (GGAM) LLC for the hotel and gaming operations of its proposed integrated casino resort complex at the Entertainment City complex in Parañaque. GGAM is a group composed of former executives who managed major resorts in the United States and Asia, including Las Vegas Sands Co. and City of Dreams Integrated Resort/Casino in Macau. According to Bloomsbury, the first phase of its hotel and casino should be up and running by October 2012. The project, covering an area of 8.3 hectares, features a five-star hotel, casino and gaming facilities, state-of-the-art meeting and convention venues, high-end retail and fine dining outlets, and health and wellness facilities. Total investment in the long-term is expected to reach $1 billion. AUSTRALIA’s COPPER-GOLD PROJECT The Australia-listed Mining Group is acquiring an 80 percent interest in the Comval copper and gold project in the Philippines. Mining Group announced that it has entered into a binding agreement with Toronto-listed Cadan Resources Corp. to acquire an 80 percent interest in the Comval copper-gold project in the Philippines. The Comval project is located in the established copper and gold producing region of Compostela Valley in Mindanao, with potential for large-scale copper gold porphyry mineralization. The Comval project has a proven copper-gold mineralization identified from historical mining, over 24,000 meters of drilling and extensive exploration adits, trenches and surface sampling. BSP’s PHILPASS TRANSACTIONS The total value of financial transactions that passed through the central bank’s Philippine Payments and Settlements System (PhilPaSS) surged 54.4 percent in the first quarter of the year on the back of robust remittances from overseas Fil ipino workers (OFWs) and due to improved economic activities in the country, the Bangko Sentral ng Pilipinas (BSP) reported. Data released by the BSP showed that the value of financial transactions handled by PhilPaSS reached P147.81 trillion between January and June this year or P52.11 trillion more than the P95.7 trillion handled by the system in the same period last year. Likewise, the volume of transactions jumped 36.7 percent to 547,130 in the first half of the year from 400,220 in the same period last year. JAPAN’s ECONOMY Japan’s economy surged 6 percent in the latest quarter in a bounce back from the earthquake and tsunami disaster that is unlikely to be sustained amid headwinds from Europe’s debt crisis. The Cabinet Office’s real gross domestic product report marks the first expansion for the world’s No. 3 economy in four quarters. The result was in line with market forecasts, including Kyodo News agency’s projection of 6.2 percent annualized growth for the July-September quarter. PHILWEB CORP.’s FORBES AWARD PhilWeb Corp., the country’s first and largest listed online technology firm, has made it to Forbes Asia’s 2011 Best Under a Billion list, the magazine’s annual listing of the 200 best performing small- and mediumsized, publicly listed companies in Asia Pacific with sales under $1 billion. Additionally, PhilWeb was one of only three companies to garner an additional special award, as the Most Profitable company among those that made the list. This is the second year in a row that PhilWeb has been recognized for both awards by Forbes Asia. PH STOCK EXCHANGE The stock market closed higher on Monday, taking cues from a Wall Street rally abroad as debt-ridden Italy turned to new leadership over the weekend, boosting overall investor sentiment. The Philippine Stock Exchange index gained 1.02% or 43.91 points, closing at 4,356.87. The broader all-share index was up by 0.71% or 21.38 points to 3,027.31. Share turnover surged to P17.96 billion from P3.57 billion last Friday, on the back of a special block share sale of around 5.81 million PLDT shares worth P14.53 billion, at P2,500. Advancers outnumbered decliners 100 to 48, while 35 stocks were unchanged. Foreigners bagged stocks as net foreign buying amounted to P503 million. All subindices edged higher and closed in positive territory, led by holding firms that climbed by 1.22% or 41.18 points to 3,412.99. Financials jumped by 1.19% or 11.59 points to 982.29, while property gained by 1.11% or 17.00 points to 1,540.58. Industrial advanced by 0.72% or 49.77 points to 6,988.70, while mining and oil leaped by 0.69% or 153.93 points to 22,411.63. Services increased by 0.68% or 10.65 points to 1,575.66.

THE Aboitiz Group is moving the headquarters of two of its listed companies, Aboitiz Equity Ventures, Inc. and Aboitiz Power Corp. to Manila, an official announced here yesterday.

The company’s growth in the last few years has been concentrated in Luzon and the management felt it was high time to move offices to the capital, said Xavier Jose M. Aboitiz, chief hu-

man resources officer at Aboitiz Equity Ventures. He couldn’t give a timeframe or the exact number of employees that will be affected, explaining these will be determined in com-

ing meetings. “We couldn’t come up with the details yet. We will still have to decide which part of the business will remain. The process ABOITIZ/PAGE 7

My|Phone supports DEPED’s leadership training THE Department of Education recently held its Annual National Youth Leadership Training last November 4 - 9, 2011 at the Teacher’s Camp in Baguio City. An Annual gathering of student leaders nationwide which was supported by My|Phone, the country’s number 1 Mobile Phone Company. Mr. David S. Lim, My|Phone and the Solid Group Inc.’s CEO and President was the keynote speaker which saw more than 7,000 student leaders from all over the country gather in this Annual Event held at the Teacher’s Camp in Baguio. Mr. Lim spoke about being Politically Incorrect and Entrepreneurship

that aims to inspire all the attendees. My|Phone’s support is in connection with its advocacy to support education in the country. A commitment to donate 1 school house per month for the next 5 years according to Mr. Richie de Quina, VP for Marketing and Business Development.

Some 7,000 student leaders from all over the country gather at the Teacher’s Camp in Baguio for the Annual National Youth Leadership Training on November 4-9. (Top photo) DEPED Director for Extra Curricular Activity Mr. Joey Pelaez hands over a plaque of appreciation to the My|Phone and the Solid Group Inc.’s CEO and President Mr. David S. Lim.


November 18-20, 2011

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BusinessWeek MINDANAO

Your Biggest Bank Account THINK a minute… Imagine that every morning somebody put $86,400 in your bank account. Then, every night whatever you didn’t spend that day was taken out of your account and thrown away. Wouldn’t you take out every cent of your $86,400 and spend it every day? So none of it would be wasted or thrown away. Did you know that you really have a bank account just like that one? It’s called TIME. Every morning our time bank gives you and me 86,400 seconds. Then, every night the time we did not use that day is gone. So we must use it all up or lose the time each day we do not spend well. You use it or lose it. Then what are

the best bargains and deals in life which are worth our valuable time? Would you like to know the two best investments of your time that will bring you real success and wealth in your life? The first smart investment of your time is people. Spend your time with your family. At the end of your life, you will never be sorry for the time you spent with your children, your wife or husband, your brothers and sisters, and your parents. We should also spend our time on the many people all around us each day to help make their lives happier. Spending your time on people gives you wealth and happiness that you can never lose

The second, yet by far most important, investment of your time is to spend it with your own Maker. He is the Person Who Himself gives you every second you receive to keep living. You see, God didn’t just make us and then forget us. Quite the opposite! God created you to be His child and friend, so you can enjoy living every day with Him. That’s why God the Son came to show us what He’s like. He wants us to see the good life He designed for us to enjoy. The more time we spend with Jesus, the better we know how to live well and successfully. In fact, Jesus Christ guarantees that if each day you will spend your 86,400 seconds on living for Him


JHAN TIAFAU HURST and others, then at the end of your life when you’ve run out of seconds, you will be truly wealthy and satisfied with no regrets! Even if you just start right now. So why not ask Jesus to forgive you and to take full charge of the time you still have left? Just Think a Minute…

The Tourism Enterprise Zone Law MINDANAO, the second largest island in the Philippines with more than 97,530 square kilometers in land area can expect to further boost its tourism potentials if the region’s stakeholders and the government promote and develop the island as one wholesale beneficiary to the law creating the Tourism Enterprise Zone of the Philippines. Foreign visitors including the Muslims in the Middle East countries can be drawn to the regions natural attractions including the exotic resorts of Samal Island in Davao del Sur and the adventurous wave surfing in Siargao or the temperate weather of Marawi City through more air connectivity and government support for incentives to the tourism enterprise. In addition to the natural beauty, Mindanao which is larger than the Netherlands, Austria, Ireland or Taiwan, offers many opportunities for eco tourism in Bukidnon, value shopping either in Davao City or Cagayan de Oro and world class golf courses in these regions. The cultural diversity and ethic attractions can be

provided by the floral city of Zamboanga and the farming communities of South Cotabato where the Tivoli crafts and Tinalak weaving attracts modern world arts collectors for ethnic designs. Nature remains unspoiled in the Agusan Marsh where various wildlife and endemic birds’ species habituate. In some period of the year it is home to migratory birds coming from as far as Mt. Apo in Davao del Sur. Agusan Marsh is one hour and thirty minutes by land through paved highways from the vibrant city of Butuan which is accessible from Cebu and Manila daily by air. A pioneering airline company, Zest Air, recently launched a round trip Zamboanga City to Cagayan de Oro trice weekly flight but has not been filling the seats to achieve a load factor to guarantee the economic scale of business. As a result, it has not maintained the flight frequencies with consistencies. There seems to be lack of coordination with the airline company and the stakeholders to

promote air travel in the missionary route. Given a forecast of future viability, Zest Air or any other airline company can ideally mount a circumferential connectivity around Mindanao to as far as Surigao, Davao, General Santos and back to Zamboanga City. An airline company that flies missionary routes deserves government support with tax incentives and rebates when buying new aircrafts and spare parts. Sourcing the tourist market for Mindanao, the Middle East particularly the United Arab Emirates is a good target market especially that Muslim tourists will be welcomed to explore the island which has a significant percentage of Muslim population that has the same belief and religious practices. Zamboanga and Central Mindanao can bridge the cultural graces for Muslim tourist. The Middle East countries are prospective strategic partners to bring in the inbound business from the Islamic world. Tourism could lead further to investments. Neighboring BIMP-EAGA counterpart, Malaysia,


PED T. QUIAMJOT is teaming with Muslim tourist. Their 25 Million arrivals last year is not entirely depended of Europeans or Australians tourist but by Asians and Middle East nationals. Truly Asia, as their marketing hype to their exotic destinations brings the best of their famous cuisines and shows their pristine waters ideal for diving and snorkeling to the world. Of course, Malaysia has a secured peace and order conditions compared to Mindanao. Their culture and economic development leads us by a mile. The country is in fact the jewel of the Shangri-La Group which the Kuok family has QUIAMJOT/PAGE 7

The problem with NAIA NAIA is not just the worlds voted worst airport for travelers who are compelled to sleep over in but the poorest management the facility has had to bear over decades of incompetence. There are many establishments when built can stand the test of time if only its management kept things in good order. The NAIA for one with its massive structure if only managed professionally should continue to serve its clients in good order. Unfortunately this is not the case as we have experience. Now we are compelled to do something about it bringing embarrassment to a country who figures in courting tourism which

to date is a joke. As the saying goes, the devil is in the details. Multiple managers over adversarial administrations have successfully contributed to the decay and malfunction of our supposed premier airport facility. Ergo the administrations have failed us over decades. The massive terminal building is seemingly in good order and continues to serve its travellers with the in-house functions and designs necessary for airline traffic and what not. Unless there is dysfunctional structures or the roof caving in the facility if maintained properly over the years should continue to enjoy its deliverables. It

may not be the best amongst the newly erected airport in the region but it should stand the test of time. Thirty to fifty years for a massive structure like the NAIA should still be in good order. The real issue is the filth NAIA has accumulated over decades and of course the water for sanitation that it no longer has. Then there is the intermittent power and its backup generators that have disappeared mysteriously over the decades. If I can remember correctly generators were supplied for the terminal which have somewhat disappeared or what we colloquially say in the vernacular as “kinahoy” or stripped of its vital parts

that are possibly installed in someone’s private facility courtesy of the airport. What I am trying to say is even if the good Secretary with good intentions re builds a new airport, it is TAMBUATCO/PAGE 7



Tambuatco... from page 6

is not the structure that has failed us but the incompetent management it has been made to bear. Just look at the government owned, controlled and managed Land Bank facilities – it is just pitiful considering it is the premier Philippine bank. They need to re learn the meaning of customer service to begin with. Now let’s look at the old Manila Hotel now on its 99th year anniversary; it continues to enjoy its premium status. Look at the (hundred over years) Raffle’s Hotel in Singapore, it even became a tourist attraction and enjoy first class amenities and accolades. With hotels the older the structure the more premium it acquires. All considering NAIA enjoys an income derived from every traveller that passes thru it. The airport generates a travel tax we Filipino citizen were initially subjected to during martial law but maintained way over its mandate. If I remember correctly the travel tax was to discourage travel during the Marcos years in their effort to keep dollars in the country. Why we are still charged this P1,650.00 for every exit is beyond me. Then there is the airport tax it collects now at P750.00 per person. There is also the lease the airport collects from all the international airline offices. I can only imagine it also collects from the national budget. I wonder if the NAIA even ever turned over a peso to the national government. I know, into some ones pocket it seems. Considering the funds the airport generates it behooves me how the NAIA deteriorated into this? So the problem with NAIA is not the airport but the incompetent management it has been made to bear over years of disservice to the people. It is embarrassing our administrations have had to

Quiamjot... from page 6

pioneered and nurtured to propel their hospitality holdings as one of the biggest tourism conglomerate in the world. Mindanao for decades has suffered from the periodic travel advisories from allied foreign countries. The conflict in some hot spot areas slowed down the economic and tourism in the southern and western regions. Tourism business also suffered when the power outage occurred last summer. Many of those who invested were not able to recover a return of their investments. Mindanao needs government intervention in the management of sustainable resources as well as reduction of taxes for tourism investments. The whole island could be the pilot project for this landmark tourism legislation to be granted tax reductions for capital upgrade and new expenditures. In my opinion, the law creating RA 9593 need not be amended. An Executive Order will suffice in substance for an omnibus coverage of this law.

wait for the opportunity to be ridiculed before they embark on constructive maintenance to serve the people. It always takes an embarrassment before our administrations react and correct the errors of its facilities. The government have been reactionary rather than be the visionary it is required to be. Now that we there is consideration to build a new airport facility – what for should it be condemned to poor management, its decay will only be accelerated. The new issue is the Philippines; worst country to do business in is correct. And the problem is we already know this with the bureaucracy that thwarts business registration in the country so one can start up a business. It takes a considerable amount of time to register with the DTI, the SEC and to think there is no relationship with the IPOPHL with a common data base for all three to work together with is taunting. Then there is the local government who like eagles are always on the prowl for a good feed. Assuming corruption is in most countries the problems noted for the Philippines, is even after having succumbed to dole outs or what we call “lagay” more come out of the woodwork and more corruptors continue to ask for more. It’s never ending! Really, there should be honor amongst thieves but this is not necessarily the case. So what will the administration do to fix this assessment; rebuild a new country? It is high time we deserve competence and service from our leaders. We deserve results not political gobblygook. Enough of this majority that is “mang mang” that thwart our development. Is the country only for the poor who now control our future? Time to outsource our leaders – put simply, we are seemingly incompetent managers! New and old tourist establishments in Mindanao recognized and licensed by the Department of Tourism (DOT) should be given the benefit of the entitlement to unconditional incentive privileges to redevelop the facilities and improve the product.

Monte... from page 4

postela Valley. Apex said earlier this year it aims to increase and upgrade resources and achieve a gold production rate of 100,000 ounce per annum by 2015. Prices of Apex A shares were last traded at P4.55 apiece yesterday, down 7.89% from the previous day’s P4.94 apiece. Its B shares meanwhile closed at P4.50 apiece, down 7.6% from Monday’s finish at P4.87 apiece.

Aboitiz... from page 5

transfer will have to be deliberated,” said Mr. Aboitiz, pointing out that accounting work and call center operations could remain in Cebu. Aboitiz and Co, Inc., however, will retain its of-


November 18-20, 2011

Transfer of a franchise



FRANCHISORS restrict transfers of their Franchisees in order to maintain control over the persons who operate them. Such restrictions should apply to the franchise agreement, ownership of Franchisee and the assets of the Franchisee’s business. Typically the Franchisor reserves the right to approve the transferee and the terms of transfer. The right to approve the terms of transfer is important to insure that the buyer of the Franchisee’s business does not substantially overpay for it, or accept burdensome payment terms, which could jeopardize his ability to operate the business in compliance with the terms of the franchise. Some franchise agreements merely provide that the Franchisor will not unreasonably withhold approval of a transfer. Others specify in considerable details the criteria for approval relating to the proposed transferee and the terms of the transfer. It is common for Franchisors to reserve a right of first refusal to buy the Franchisee’s business on the same terms as are offered

by a bona fide purchaser. Franchisors exercise this right to acquire franchised businesses as company-owned outlets and, occasionally, in lieu of denying approval of a proposed transfer when the Franchisor is unsure that it has sufficient grounds to disapprove a prospective transferee. Finding and developing good employees Some Franchisors do offer some assistance in recruiting employees, at least you find job descriptions in the Operations Manual, however in most cases the Franchisee has to hire his own employees, and Franchisor provides initial training for them. As a rule, the Franchisor expects you to bring appropriate human resource skills to the business along with your business management skills. If you need a lot of semi-skilled or unskilled employees, a Temporary Employment Agency can be of help providing you with the employees, then you need to hire directly only the key personnel which shall be specially good trained so they can help also in train-

ing the people provided by the agency. In the job description section of the Operations Manual shall be listed the knowledge an applicant shall have, together with the interpersonal skills required. Once you select the employees, a detailed interview is necessary to determine whether the applicant possesses those attributes you are looking for. Use a mix of close-ended and open-ended questions. A close-ended question can be answered with “yes” or “no” while in a open ended question the applicant have to give the details. Finding the right employees is just the beginning. Your long-term success will depend on your ability to manage and motivate your staff. The type of work your business offers will also impact how you manage and motivate employees. In a restaurant or service business most employees will not be in career positions. You may often be the first employment experience for many of your employees. Having complete, detailed instructions and clear, straightforward rules will be important. The most impor-

tant part of managing your employees is to remember you are the leader. The buck stops with you. Just as the coach is a role model for players on the team, you are the role model for how things get done in your business. You set the example for how things get done how the business operates. Rudolf Kotik is the founder of RK Franchise Consultancy Inc, which developed more than 300 Filipino Companies into Franchise Systems, with address at G/F Minnesota Mansion, 267 Ermin Garcia Street, Cubao, Quezon City. Tel. 9122946, 9122973, email:; websites:,, www.franchise. ph,


around P2.4 billion. To fund its projects, the liquor producer’s key stakeholder Tangent Holdings, Inc. will start selling 398,138,889 shares to the public at a still undisclosed price on Dec. 5. The shares will be listed by Dec. 15. Tangent Holdings will

then use the proceeds to subscribe to new shares in the liquor producer. The transaction will increase Tanduay Holdings’ public float level to 12.63% from the current 2.92%. Mr. Mendones said the price for the share listing will be set by the first week

of December. The Tanduay brand is claimed to be the highestselling brand in the Philippines with a market share of 34%. “[We] have a very large following in the Visayas and Mindanao markets,” the firm said.

main bystanders and will fully engage in this time of great environmental challenge. We will continue to participate, collaborate, contribute and make people, businesses and communities accountable for their (environmental) actions,” noted the participants. Recognizing the importance of a multi-sectoral approach in addressing local climate change concerns, the participants

called upon the Climate Change Commission (CCC) to engage workers and their unions in the implementation of the National Climate Change Action Plan. As i n it i a l c om m it ments to the campaign, the participants committed to partner with the Department of Labour and Employment (DOLE) and its regional boards (RTWPBs) in holding more

enterprise-level green jobs advocacy activities, documenting unions’ green and greening practices and inclusions of green provisions in collective bargaining agreements. Participants were from major target sectors such as services, telecommunication, transportation, manufacturing, mining, agriculture, academe, electronics, public sector and local media.

“Primarily, these feeder ports would give more rural businesses across the country access to shipping, therefore lowering their land transportation costs. Secondly more feeder ports would generate jobs in and around their immediate area,” added Pimentel. “This may offset increased costs or even generate more income in terms of government revenues,” he said. Pimentel added that localizing port services to

a few, large ports in select areas promote a “monopolistic structure” in terms of moving cargo. “Without feeder ports, the small and medium businessmen are prone to higher expenses in terms of increased fuel costs and controlled shipping prices.” he said. “The hub is only as good as the spokes that support it,” said Pimentel. “Transporting goods through land based spokes cost nearly three times as much as shipping from feeder ports. These increased costs will contribute to increased prices to the consumer, or

fices in Cebu. “We have transformed ourselves from a regional company to [one with] national enterprise, having to transact more with stakeholders based in the capital. Our main market

and customers for electricity are in Luzon,” Aboitiz Equity Ventures President and Chief Executive Erramon I. Aboitiz said in a press statement released yesterday. Over 70% of profits are said to be from Luzon.

worse, lead to less volume being sent to primary ports.” The former Senator from Mindanao earlier questioned the P400 million allocation of the PPA for the upgrade of the Cagayan de Oro port, saying that this would have been better spent in developing more feeder ports. Pimentel further added that it is a misconception that fewer, bigger, “and certainly more expensive” ports would require less government resources. “O verseas Development Assistance (ODA) funded ports cost up to three times less in present value terms than ports that require immediate payment with local funding,” said Pimentel. He identified that the Development Bank of the Philippines has a P11 billion Japanese ODA fund

available for projects such as ports development, but added that this is deliberately underutilized because the DBP makes a spread by lending this at four times the interest rate and at about one-fourth to one half of the term. “The Philippine Ports Authority also has on record very expensive port improvement projects, such as the Php715 million Pulupandan Port.” He said that subjecting that price to the same term that governs the ODA funds, namely a 15 year term at the present government cost of borrowing of 7.82% would mean that the Philippine Government would have shouldered almost Php2.2 billion for the project, spread over 15 years. “This doesn’t include operating and management costs.

from page 4

does not have to buy alcohol from importers. Tanduay Holdings will also close down its Manila plant and turn it into a museum. The expansion plans are expected to cost a total of

Trade... from page 2

ward an urgent call for up-scaling current greening efforts, particularly providing more inclusive and sustainable avenues for unions’ participation in discussions, implementation, monitoring and evaluation of green jobs programs, projects and activities. “Unions refuse to re-

Feeder.. from page 1



November 18-20, 2011

Legacy owner a no show in case arraignment anew TACLOBAN City -- For the sixth time, Celso de los Angeles failed to attend the arraignment of his case in Ormoc City. He was scheduled to be arraigned Wednesday on estafa charges in connection with the Legacy Group mess. However, a Philippine Deposit Insurance Corporation (PDIC) lawyer filed a motion Tuesday to require a doctor from the Philippine General Hospital to examine de los Angeles to confirm the findings of his private doctors. The move also seeks to determine if de los Angeles is fit to travel. He was brought from Tacloban City to Metro Manila last October 1, 2011 after the Regional


HE Government Service Insurance System (GSIS), in region 10, will provide prescribed template to government agencies to facilitate the implementation of the GSIS-Land Bank of the Philippines (LandBank) partnership.

delos Angeles

Trial Court Branch 12 in Ormoc City granted his motion to travel to Metro Manila to be treated at St. Luke’s Medical Center. The accused was initially only allowed 10 days to stay at St. Luke’s, but an extension up to October 16 was granted. There is no date yet for his next planned arraignment.


SPL PROC. NO.249-07-2011

ALEX CABAHUG-HORTEL, Petitioner. X---------------------------------------------------/ ORDER A verified petition for guardianship over the person and property of JULIA PEPITO CABAHUG was filed before this Court on November 8, 2011 by the herein petitioner praying among others that after due proceeding anyone of the concerned relatives of JULIA PEPITO CABAHUG, including but not limited to, NERIO PEPITO or EMIE MAQUILAN-VICOY be appointed as GUARDIAN of the person and properties of the said JULIA PEPITO CABAHUG, and that corresponding letters of guardian be issued guardian’s favor. Petitioner alleges that he is of legal age, Filipina citizen, with address at c/o Tiburcio Pepito, Crossing Tubod, Lanao del Norte. JULIA PEPITO CABAHUG, over whose person and property guardianship is hereby being prayed, is also a Filipino and a resident of Pualas, Tubod Lanao del Norte. Said JULIA PEPITO CABAHUG, is already of advanced age, about 93 years old, and by reason thereof has since become incompetent to attend to her needs and to administer her properties. As such incompetence, she now become an easy prey for deceit and exploitation. Said JULIA PEPITO CABAHUG is known to have considerable properties in her name consisting of a residential lot in Pualas, Tubod ,Lanao del Norte and a number of agricultural lotslocated in Taden, Pualas, Patudan Sto Niño and other barangays of Tubod Lanao del Norte. The annual income of these properties cannot be less than FIVE HUNDRED THOUSAND PESOS [ P500.000.00]. There is also a sari-sari store operated in the very residence of the said JULIA PEPITO CABAHUG. Needless to state, that the said store is also generating income for her. She has also other properties in her name, located in Cebu including those she owned in common with her siblings. For sometimes, she has been in the custody of MAXIMIANA C. DAYLE who is now staying with her at her residence. Said MAXIMIANA C. DAYLE, while initially hired as a mere household help, appears now to be lording it over the properties of JULIA PEPITO CABAHUG, and their respectives incomes. With JULIA PEPITO CABAHUG being now incompetent, the only way to subject the incomes of her property to a fair accounting is through the instant petition. It appears that a property located in Cebu which should have been co-owned by JULIA PEPITO CABAHUG with her siblings and/ or their respctives heirs has since been sold. The proceeds of this sale, and other similar sales, should also be subjected to proper accounting. What really prompted the filing of this petition is the fact that at least one parcel of land, consisting of some 15,798 square meters, which was owned by JULIA PEPITO CABAHUG, is now surprisingly registered in the name of her custodian, really household help, Maximiana C. Dayle, it further appears that even the Rice and Corn Mill in Pualas, Tubod, Lanao del Norte, which is commonly known to be owned by JULIA PEPITO CABAHUG, is now surprisingly owned by her custodian, household help MAXIMIANA C. DAYLE. Another property, 891 square meters in area located in Pualas, Tubod, Lanao del Norte, probably the one where the house and sari-sari store of JULIA PEPITO CABAHUG is located and the same where and her custodian, Maximiana C. Dayle are residing, has now been registered in the name of her custodian , really household help, Maximiana C. Dayle. The instant petition does not intend to question howsoever JULIA PEPITO CABAHUG may have wanted to dispose of her properties upon her death, it at all she has planned about this when she was still of sound and disposing mind. The petition is merely intended to ensure that her properties, including the proceeds or fruits of the same, are not squandered while she is still alive. The value of JULIA PEPITO CABAHUG’s properties is estimated to be worth P800.000.00 more or less. Among the immediate relatives of JULIA PEPITO CABAHUG are her nephews and nieces who are children of her own siblings. Including the herein petitioner, who is the son of Julia Cabahug’s sister, Toribia Cabahug Hortel. Other relatives include the herein petitioner, NERIO PEPITO AQUIPO of Pualas, Tubod, Lanao del Norte, and many more who are Julia Pepito Cabahug’s relatives within the 5th degree of consanguinity . NERIO PEPITO and EMIE MAQUILAN-VICOY are practically still working on the properties of Juli Pepito Cabahug. It is prayed that anyone among the relatives of JULIA PEPITO CABAHUG be appointed as GUARDIAN provided they comply with the mandate of the lawand/or rules on the matter, including the regular inventory and accounting of the estate of the ward as well as the frugal management thereof. Earnest efforts were really exerted to avoid bringing this matter to Court; but to no avail. Set the initial hearing of the case to January 23, 2012 at 8:30 in the morning before the sala of this Court. NOTICE is hereby given to any relatives of the said WARD listed in the petition and all persons opposed to the petition may come to court on said date and time to show cause why said petitioner should not be granted. Petitioner is hereby directed to publish copy of this Order to BUSINESSWEEK MINDANAO, A newspaper of general circulation for three [3] consecutive weeks, at his expense. The Sheriff of this Court is hereby directed to post copy of this [3] days before the scheduled hearing.

BWM Nov. 18, 25 & Dec 2, 2011

This was announced during the GSIS Consultative Meeting with Government Agencies held at the Multi-Purpose Hall of GSIS Regional Office Building in Carmen, this city, on Nov. 15. Ma. Luz Ilano-Briones, GSIS Regional Manager, explained that the fastest way to entice active members to request the transfer of their UMID account from Union Bank to LandBank is through the assistance of their agency heads. “Thus, instead of requiring members to accomplish

or submit their individual request form, we will be providing prescribed template to government agencies where the names and other information about the members in those agencies are inputted,” she said. The GSIS will provide the agency with a soft copy of the template, in rewriteable Compact Disk (CD), containing the names and other required information which can be extracted from the billing file. Likewise, the agency head or his representative will validate the accuracy


of entries in the template, and in cases of errors and discrepancies, should coordinate with GSIS for the correction or updating of the template, she added. The validated template will then be submitted to GSIS to be supported by a memorandum, signed by the Agency Head, and containing a statement requesting the transfer of the agency employees’ Unified Membership Identification (UMID) bank accounts from Union Bank to LandBank, the number of employees covered by the request, and the name of LandBank Branch where the employees’ UMID bank accounts shall be maintained. The GSIS has partnered with LandBank to allow its more than 1.4 million members to take advantage of the bank’s wide network

coverage. With a LandBank UMID card, members can withdraw their loan proceeds and other benefits in any Expressnet, Bancnet or Megalink Automated Teller Machines (ATM), nationwide. It also serve as a debit card in more than 20,000 accredited merchants, nationwide, and as a discount card for GSIS corporate partners such as Pfizer and Systems Technology Institute (STI). The card is free with no maintaining balance required for members transferring to Landbank. Meanwhile, Briones reminded the agency heads and their representatives that the validated templates must be submitted to the GSIS Regional Office before November 30, 2011. (pia-10)

Pag-IBIG Fund to manage GSIS housing-loan program HE Government Service Insurance System finally acknowledged that its housing loan program could be better managed by professionals and set aside P5 billion of its resources to finance the housing loan requirements of its members through another stateowned agency specializing in home loans. GSIS President and General Manager Robert Vergara said on Monday he recently signed an agreement with the Home Mutual Development Fund, popularly known as Pag-IBIG, under which the housing loans of its members will be processed from now on. Vergara acknowledged

that more than half of its housing loan portfolio involving more or less 16,000 units have either been foreclosed or canceled. He also acknowledged that its in-house housingloan program has proven inefficient, the agency having extended in 2010 only P600 million worth of housing loans to more or less 500 GSIS members versus housing loans disbursed by Pag-IBIG worth some P5.5 billion to over 11,000 state workers that year. Vergara said this was 10 times more housing loans than the GSIS processed during the period and benefited 20 times more

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City Branch 22 OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE File No. 2011-491 Upon Extra-Judicial petition for sale under Act 3135 as amended filed by HOME DEVELOPMENT MUTUAL FUND or PAG-IBIG FUND, mortgagee, with office address at Pag-ibig Building, J.R. Borja St. Cagayan de Oro City, against JOSEPH T. DIOSAY, single, mortgagor/s, of legal age, Filipino/s with postal address at Block 18 Lot 64 Vamenta Estate Subdivision, Bara Opol, Misamis Oriental to satisfy the mortgaged indebtedness which was as of August5, 2011 amounts to ONE HUNDRED FORTY TWO THOUSAND TWO HUNDRED FIFTY FOUR PESOS AND 61/100 [P 142,254.61] Philippine Currency excluding interest, penalty charges, attorney’s fees and expenses of foreclosure, the undersigned sheriff will sell at public auction on January 9, 2012, at 9:00 o clock in the morning or soon thereafter at the RTC Branch 22 office, Arch Hayes St. ,Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency, the herein described property and all improvements thereon to wit: TRANSFER CERTIFICATE OF TITLE NO. T- 18000 A PARCEL OF LAND [Lot 64, Block 18, of the subd. plan, Psd- 10-022684, being portion of Lot 5239-A-2, psd- 104321020152], situated in the Barangay of Barra, Municipality of Opol, Province of Misamis Oriental, Island of Mindanao, Containing an area of FIFTY [50] SQUARE METERS more or less. Prospective buyers/bidders may investigate for themselves the title of the herein described property and encumbrances thereon, if any there be. All sealed bids must be submitted to the undersigned on the above stated time and date. In the event the public auction should not take place on the said date, it shall be on the next working day without further notice. Cagayan de Oro City, November 8, 2011. FOR THE PROVINCIAL EX-OFFICIO SHERIFF

(Sgd.) ALAN L. FLORES Presiding Judges


GSIS starts implementation of partnership with LandBank By APIPA BAGUMBARAN, Contributor’

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region BRANCH 07 Tubod Lanao del sur

So ORDERED Tubod, Lanao del Norte November 14, 2011



BWM Nov. 18, 25 & Dec 2, 2011

government employees than the GSIS managed to service. “It has been a difficult decision for us to stop direct home lending for our members but we are, above all, obligated to them to ensure that their contributions are managed

prudently for their greater benefit,” Vergara said. “We want to synchronize our efforts in the implementation of the government housing program and to avoid duplication with so-called key shelter agencies, or KSA functions,” Vergara added.


The government signed in February 2009 an P11.78billion modular port with Eiffel-Matiere SAS Consortium contract for the fabrication, supply and delivery of various modular Roro ports components that will create 72 new ports. The project was signed by the Department of Transportation and Communications with the approval of the Department of Finance. The PPA, meanwhile, was in charge of the implementation of the project. In March, the DOTC recommended for the cancellation of the project, but the proponents said the Philippine government needs to pay half of the price since many of the materials have already been fabricated and parts of which have already arrived in the country. The Office of the President still has to decide on the contract but the DOTC has already requested to delay the shipment of the port components. Sta. Ana said that the French modular steel port technology measuring about 3.5 meters by 25 meters is not suitable for the Philippine setting. “We are always after the sea level and we can competently handle any Roro ports project at a much lower price using locally available materials suitable to each specific port site and to the kind of sea condition in the Philippines,” he said, adding that the project may not be necessarily overpriced but it was a costly technology for a developing country like the Philippines.

from page 1

islands and road networks,” Santos said during his presentation at the Philippine International Maritime Conference. Santos did not identify which of the ports that the agency will develop from the ground up, but said most of these are located in the Visayas and Mindanao or Southern Luzon connecting to the Visayas. The cost of building six new ports is undetermined at this time, as this will depend largely on where the ports will be located, said Santos. During the previous government, the PPA has embarked on the establishment of dozens of Roro ports, or those that can accept vessels that carry cargoes loaded in trucks. The Aquino administration, however, said that the ports constructed were more than enough and some of them do not have enough volume to operate. The PPA operates around 150 ports in the country, but most of its facilities are losing money due to low traffic. Of the new ports constructed during the previous administration, about 40 facilities, or about 44 percent, do not have enough traffic of both passengers and cargo. PPA general manager Juan Sta. Ana said earlier that if the government add another 72 more, for the modular ports program, the Aquino administration will be wasting money as no one will use these facilities.

BusinessWeek MINDANAO


November 18-20, 2011


Pas’ungko S’g Festival: Normin’s finest festival By JOE PALABAO

OROQUIETA City -- Thousands of Misamisnons, guests, locales, visitors, d om e s t i c an d fore i g n tourists witnessed the 2nd Pas’ungko S’g MisOcc Festival 2011 held at the Capitol grounds of the Province of Misamis Occidental on Nov. 12. Now on its second year, Pas’ungko Festival 2011 is now considered as Northern Mindanao’s finest, biggest and the grandest Festival of Festivals held every 2nd week of November in commemoration of the Founding Anniversary of the Province of Misamis Occidental, now on its 82nd founding anniversary. Pas’ungko S’g MisOcc Festival is a thanksgiving festival of the Province which showcases an annual presentation of A Subanen Festival Of Thanksgiving coming from the 14 municipalities and 3 cities of the Province of Misamis Occidental. It is a street dancing competition and Indigenous people’s showdown of Rituals, culture and way of life of the Subanen tribe: the people of the river as the early settlers of Misamis Occidental. The ritual presented the culture and life of the Subanen people from planting, fishing, wedding, courtship, healing of the sick, welcome and arrival of visitors, enthronement, war dance, supplication to the MAGBABAYA- God Almighty and thanksgiving for a bountiful harvest. This year’s Theme is aptly entitled: “Misamisnong Kultura Atong Higugmaon Alang Sa Padayon Nga Kalambutan” (Misamis we should all love in pursuit

Ms. Nancy G. Derequito, Accountant 11 of the Department of Tourism Region X representing Director Catalino ‘Butch’ E. Chan 111 (on leave) and Officer-in-Charge Ms. Maria Elena Manalo hands in a check to Ms. Elma B. Gula-Provincial Treasurer of Misamis Occidental as support to the PAS ‘UNGKO S’G MIS OCC FESTIVAL 2011a THANKSGIVING –A FESTIVAL OF FESTIVALS in Northern Mindanao. Contingent Number 12-Oroquieta City performing their winning Ritual showdown during the recently concluded PAS’UNGKO S’G MIS OCC FESTIVAL 2011-Festival of Festivals held at the Provincial Capitol Ground last November 12, 2011. (Inset) Dynamic and active Gov. Hermie Ramiro spearheads and support the tourism development of province of Misamis Occidental.

of progress.) It was a fantastic, wonderful and great gathering of constituents of the Province coming from each municipality. Pas’ungko S’g Mis Occ Festival 2011-Festival of Festivals is now the newest festival tourist destination in Mindanao and eventually in the country. The success of the Festival is through the undying support of the active and dynamic leadership of Governor Hermie M. Ramiro who promotes the rich Eco-Tourism Destinations and potentials of the progressive Province of Misamis Occidental. 3rd Place Winner for the Street Dancing Competition went to Contingent #16 Sapang Dalaga with a cash prize of 10T. 2nd Place went to Contingent #12 Oroquieta City with a cash prize of 20K and 1st Place went to Contingent #5 Aloran with a cash prize of 30T. Sun Cellular-Festival Queen Peoples’ Choice Award went of Ozamis City. PA S ’ U N G KO 2 0 1 1 Grand Price Winner with

a whooping P100,000 Cash Prize went to Contingent #12 Oroquieta City- Best in Choreography and Best in Costume Awards. 4th Runner-up went to Contingent #12-Ozamis City; 3rd Runner-Up to Contingent #5-Aloran; 2nd Runner-Up to Contingent #3 Lopez Jaena and 1st Runner-Up to Contingent #16-Sapang Dalaga. KAMBAYOKA Ritual Special Award was given to Contingent #15-San Victoriano for its Authenticity in depicting the real Subanen Ritual. The Special Award was given by KAMBAYOKA Mindanao Outreach Foundation through its Executive Director- Jun Pilapil and award winning artistic director of the National Commission of Culture and Arts (NCAA). The Festival was well participated in by all the 14 municipalities and 3 cities of Misamis Occidental. The Local Executives of the LGUs were present together with their first ladies and constituents who supported

their contingents. It was a real show of the Tourism Mania of each municipality where in from November 3 to November 20, 2011 these municipalities showcased at the Agro-Trade Fair the rich tropical fruits, marine products, delicacies, hand made products and the rich Eco-Tourism Destinations in the Province of Misamis Ocidental. The success of the festival was also through the support of its active Vice Governor, the Hon. Henry S. Waminal and Mr. Gerard Hilarion Ramiro the concurrent Chair of the Provincial Tou r i s m C ou n c i l an d all Local Executives and Tourism Officers of the municipalities and cities of the Province. In behalf of the Dept. of Tourism X RD Catalino E. ‘Butch’ Catalino 111 and Officer-in-Charge Maria Elena Manalo, Ms. Nancy G. Derequito –Accountant 11represented the Region with Business Week Mindanao as the Official Media Partner.

San Victoriano gets Kamboya Award By JOE PALABAO

OROQUIETA City -- Executive Director Jun Pilapil of Kamboya Mindanao Outreach Foundation awarded San Victoriano, Misamis Occidental the Special Kambayoka Award. The award was given to San Victoriano real Subanen indigenous people who showcased a ver y authentic Subanen Ritual: the enthronement depicting rich harvest, planting and thanksgiving. The Special Kambayoka Award was proper and fitting since the Ritual depicts the real Ritual of A Subanen Tribe which was essence of the Pas’ungko S’g Mis Occ Festival 2011Festival of Festivals of Subanen Rituals in the Province of Misamis Occidental last November 12 at the Provincial Capitol Ground. Based on the National Commission on Culture and the Arts of the Philippines- San Victo-

DOT backs Pas’ungko Fest By JOE PALABAO

THE Department of Tourism in Region 10 has shown tremendous support that led to the success of the recently concluded Pas’ungko S’g Mis Occ Festival 2011. Aside from widely promoting the event, the DOT has extended financial and technical assistance to the festivities.

Now on its second year, Pas’ungko Festival will then be strengthened through the department’s promotional activities making it as an annual event for the tourism industry of the Region to reckon with. The Festival will then be forever enshrined in the hearts and minds of all locales, domestic and foreign tourDOT/PAGE 10


PANEDOTTE PASTRIES are available at Tagoloan, Misamis Oriental, just in front of the Senior Citizens Center in Tagoloan, Misamis Oriental with Tel Nos. (08822) 740-211, (088) 856-2419; Cell Phone Nos. 0917-706-2247 and 0917706-1516, or visit them at 162 M.H. del Pilar –Velez Sts., Cagayan de Oro City Available at GAISANO SUPERMART and at LUMBIA AIRPORT PRE AREA life.DEPARTURE That was turned upside down when she found out

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Contingent #15 San Victoriano of the Province of Misamis Occidental as they performed a Ritual on enthronement received a Special Kambayoka Award for Ritual Authenticity with real indigenous Subanen people doing the ritual.

riano captured the essence of the Festival aside from its pageantry sequence. The 16 contingents coming from the different municipalities and cities of the Province of Misamis Occidental gave

hues and colors of the recently concluded Pas’ungko S’g Mis Occ Festival 2011. They are the Municipalities Plaridel, Clarin, Lopez Jaena, Tudela, Aloran, Panaon, Jimenez, Bonifacio, Calamba, Sinacaban,

Oroquieta, City, Ozamis City, Oroquieta City, Concepcion, Baliangao, Don Victoriano and Sapang Dalaga. Local Executives of these municipalities and cities also witnessed the Festival.


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November 18-20, 2011

Aggie News



DA lowers crop growth Alcala to improve DA-LGU engagement projection to 3-3.5% THE Department of Agriand accountability,” said DAVAO City -- The Department of Agriculture (DA) on Wednesday lowered its palay growth projection to 3 to 3.5 percent for the year from its earlier projection of 5.0 percent due to the onslaught of typhoons “Pedring” and “Quiel” that hit major rice producing provinces in the country. Agriculture Secretary Proceso Alcala, at the sidelines of the Joint Regional Executive Directors-Commodity Program Coordinators meeting held at Marco Polo Hotel here, said typhoon Pedring alone has affected at least 77,864 hectares of land planted to rice, corn and other high-value cash crops with volume and value of production loss estimated at some 45,607 metric tons (MTs) and P725.11 million, respectively. Of the total affected areas, some 67,627 hectares were rice land while 10,127 hectares were planted to corn and 110 hectares covered plantations for high-value crops. Alcala, however, said agriculture grew by 4.28 percent in the first nine months of 2011. Crop production recorded a 9.04 percent increase this year. It contributed 50.07 percent to the total agricultural output. Palay and corn production recorded increments of 15.96 percent each. Other gainers during the period included sugarcane, banana, pineapple and cassava. At current prices, gross

SWS... from page 1

The median food-poverty threshold, meanwhile, rose to P5,000 in the Visayas and to P4,000 in Balance Luzon, both up P1,000.

value of crop production reached P575.2 billion or 26.16 percent more than last year’s record. Livestock production which accounted for 15.77 percent of total agricultural output also went up by 1.44 percent. Cattle and hog production increased by 1.08 percent and 1.64 percent, respectively. The subsector’s gross receipts of P152.8 billion at current prices indicated a 0.11 percent decline this year. On the other hand, poultry production grew by 3.99 percent. The subsector shared 13.91 percent in the total agricultural production. Chicken and chicken eggs recorded output gains of 4.31 percent and 3.52 percent, respectively. At current prices, gross value of output of the poultry subsector amounted to P116.3 billion, up by 2.63 percent from last year’s record. The fisheries subsector which contributed 20.26 percent to the total agricultural output, however, registered a 3.84 percent decrease in production this year. Aquaculture grew by 3.47 percent while commercial and municipal fisheries posted decreases in output of 15.95 percent and 2.70 percent, respectively. The subsector grossed P165.8 billion at current prices. This was 1.06 percent higher than the 2010 level. It increased by P500 to P3,500 in Mindanao and stayed at P6,000 in Metro Manila. The survey used face-to-face interviews of 1,200 adults nationwide. Sampling error margins used were ±3% for national and ±6% for area percentages.

culture (DA) is eyeing to further improve its partnership with the local government units. Agriculture Sec. Proceso J. Alcala is set to lead the department’s harmonization of systems and procedures as it engages with its partner, the Local Government Units (LGUs) in the delivery of agriculture and fishery services. The joint meeting of Regional Executive Directors and banner program coordinators from across the country aims to institutionalize a system that promotes a greater transparency in the implementation of DA’s programs and services. The activity will be held at the Marco Polo hotel today, November 15, 2011 to lay down strategies to improve delivery of services based on model programs. The model program seen to achieve such objectives are the process flow and procedures of the department’s Mindanao Rural Development Program (MRDP). MRDP, the povertyalleviation initiative of the DA in Mindanao jointly

funded by the World Bank, the national government and the local government units, aims to provide agribusiness opportunities and improve incomes of small farmers and fisherfolk and other vulnerable sectors of society. The department has noted on the improvement of LGU and DA relation in terms of delivery of services and rural development objective in the past years of the programs implementation. MRDP Program director

Lealyn A. Ramos said she is happy that the department has noticed the great impact the Program has done in terms of creating improvements in rural development with strong partnership with the LGUs. “Incorporating some of the program’s process flow and procedures would greatly enhance the current manner of DA-LGU engagement as partners of development while upholding stronger LGU participation, greater transparency

Ramos who is also the regional executive director of DA – regional field unit in Northern Mindanao (Region X). In the span of four years since its launch in 2007, MRDP has introduced innovations efficient project and financial documentation, stronger information and advocacy drive, geotagging and in gaining broad-based support to rural development. Part of the discussions during the meeting will be on the proposed Central Philippines Rural Development Program (CPRDP). The multilateral financing institution World Bank (World Bank) has agreed to set aside $200 million to fund CPRDP that seeks to assist the government in implementing developmental projects in five regions in Southern Tagalog, Bicol and the Visayas. Sec. Alcala said the CPRDP calls for implementing developmental projects in Calabarzon, Mimaropa, Bicol, Western Visayas, and Central Visayas. (Sherwin B.Manual/MRDP)

It is the vision and dream of the Provincial Tourism from page 9 Council and the Province of the province never end- Misamis Occidental with ing quest for success and the support of the ever dyachievements of the tour- namic leadership of Gov. ism. Hermie M. Ramiro that Pas’

Ungko S’g Mis Occ Festival will be known throughout the country as the finest, the biggest and the grandest Thanksgiving Festival in the country along with its booming economy.

Pas ‘Ungko S’g Mis Occ Festival 2011 will catapult the Province of Misamis Oriental as a tourist destination in Northern Mindanao, throughout Mindanao and the country as well.

week. The Agriculture department has estimated that rice fields in Davao del Sur produce 7-8 tons of palay per hectare, compared to the national yield averaging less than 4 tons. The NFA chief’s visit came amid reports that Davao Region has been losing its rice

fields to banana for export. This, despite the fact Davao City has started conducting field tests for commercial production of 70 indigenous rice varieties. In the same meeting, however, Tagum City Mayor Rey T. Uy said he could not prevent rice farmers from shifting to other crops. While

rice farming could provide a gross revenue of P120,000 per hectare annually, assuming yield is over seven tons at P17 per kilogram, a well-managed Cavendish banana farm could produce more than three times that amount at over P400,000 on the same parcel of land, he noted. – CQF



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 AƩy. 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

Rice... from page 1

ments in modern rice farming. “We have to establish pilot areas for rice production in these two regions,” a statement quoted Mr. Banayo as telling provincial officials in a meeting last


SPL. PROC. NO. 445

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


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



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




November 18-20, 2011



SM department store’s shoes and bags sale THE grandest sale event of wide array of branded shoes and bags is coming here in Cagayan de Oro. Happening on November 18-24 at the Ground Floor Car Park Bldg. SM City Cagayan de Oro is SM Department Store’s Super Shoes and Bags Sale. Up to 50% off on great selections of shoes and bags items. Plus, catch Mr. Fabio Ide on November 18 as he will officially open this tremendous sale event. All of these exciting events happening only in SM Department Store’s Shoes and Bags Sale.

Pryce Plaza Hotel

Carmen Hill, CDO, Tel. No.722791 to93/858-4537 E-mail:reservaƟ

Hotel Koresco

Pueblo de Oro Golf Course,CDO, fax. No. [088] 858-9748

tel. Nos. 858-9748 to 54,

Mallberry Suites

Limketkai Drive ,CDO, Tel. No. [088]854-3999 / 854-7999

Dynasty Court Hotel

Tiano-Hayes Sts. CDO, Tel. No. 726876 / 726962 / 857-5410

The Marigold Hotel Velez cor. Luna Sts, CDO Tel Nos. 856-4320, 726937

Marco Resort Tel. No. 732182 / 855-220

VIP Hotel

SnL: A safer, faster and more effective way to lose weight Being overweight often leads to other health ailments and complications. Poor diet, lack of exercise and stress contribute weight gain. If left unchecked, carrying excess weight and obesity can easily cause more dangerous health problems like hypertension, diabetes, gout, heart problems, sleep disorders etc. Today’s fast-paced lifestyle often leaves very little or no time at all for exercise and diet planning. This is why most people resort to alternative ways to lose weight. One simple way apart from physical exercise to lose excess poundage would be through supplements such as ephedra, stimulants and appetite suppressants which are often poses other more dangerous health risks. There are safe alternatives however like l-carnitine that primarily helps speeds up the conversion of stored fat cells into energy to be used by the body. Apart from body fat to energy conversion however L-carnitine fails to address other variables to be an

effective weight loss aid like curbing hunger and cravings. SnL is a breakthrough weight-loss product to combine the natural fat burning qualities of l-carnitine with hoodia gordonii. Hoodia Gordonii is a leafless suc-

culent plant found in South Africa and Namibia. Local bushmen have for years used it as an appetite suppressant during long hunting trips. Its active ingredient, P57 is credited with the appetite suppressing effect of hoodia gordonii.

Combined with l-carnitine, SnL makes full use of the appetite and hunger suppressing qualities of hoodia gordonii. Each capsule of SnL contains and equivalent of 20 kilos of raw unprocessed hoodia gordonii. Coupled with the fat burning l-carnitine and hoodia gordonii, losing weight through supplementation is made easier and faster by SnL. Apart from weight loss with the l-carnitine and hoodia blend, what also sets SnL apart from other weight loss products is that it is also formulated with green tea extract and glutaNAC for anti-oxidant and glutathione boosting effect. This makes SnL a very potent weight loss aid and anti-oxidizing supplement. SnL Dietary Supplement is available for Php 2,200.00 in Mercury Drug and other leading drug stores nationwide. For inquiries, comments and suggestions call 09178014352, 09179359436 or log on to www.yumeimise. net.

A.Velez St. CDO, Tel. No. 726080 / 726590 / 856-2505 E-mail:

Philtown Hotel

Makahambus-Velez St. CDO,Tel. No. 723089 / 856-1813

De Luxe Hotel

Capt. V. Roa St. CDO, Tel. No. 726527 /857-2144

Maxandrea Hotel

J.R. Borja St. CDO, Tel. No. 729943/ 857-2244 / 857-4154

Grand City Hotel

A.Velez- Sts. CDO Tel. No. 723551 / 723658 / 857-1900

Country Village Hotel

Carmen, Cag. de Oro Tel. No. 71-22-03, 71-22-01, 7122-05

Southwinds Hotel

Capt. V. Roa Sts.CDO,Tel. No. 727623 / 724803 / 856-2036

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:

Chali Beach Resort

Cugman,CDO,Tel. No. 723929 / 855-2108

Nature Pensionne

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

NEW DAWN PENSIONNE Velez-Macahambus Sts, CDO Tel Nos. 8571776, 721776 email : gchreservaƟ

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

Free franchise seminar at SM SM Supermalls invited FIFA Filipino International Franchise Association to hold a series of Franchise Seminars for the SM Global Pinoy Centers at a total of 28 SM Shopping Malls. The series started on November 7 at SM Taytay and covered in the first week the SM Malls in Manila then North Luzon and Southern Luzon SM Malls and ending in the SM Malls of Visayas and Mindanao. The free to the public one-hour seminar is ideal for OFW to learn to choose a franchise and also for anyone who is interested to either buy a Franchise or to have their business franchised and is conducted by International Senior Franchise Consultant Rudolf A. Kotik of RK Franchise Consultancy, who has more than 33 years of Franchise Experience in 3 Continents and developed more than 400 Companies into Franchise systems. In Cagayan de Oro City, the free Franchise Seminar is on Friday, December 2 at 3 pm at the SM Cagayan de Oro Atrium. Besides of the knowledge about franchising you may get some freebies and win a complete DTC Mobile franchise. The photo shows the contract signing by Glenn D. Ang, Vice President

Operations of SM Supermalls; Rudolf A. Kotik of FIFA and RK Franchise; and Ms. Annie S. Garcia, President of SM Supermalls. For details about the Seminar series call (02) 912.2946 or 912.2973.


Baloy, Cagayan de Oro City

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

12 November 18-20, 2011



Businessweek Nov 18  

Businessweek Nov 18

Businessweek Nov 18  

Businessweek Nov 18