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BusinessWeek

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www.businessweekmindanao.com Issue No. 26, Volume III • Nov 21-24, 2011

Market Indicators AS OF 5:15 P.M., NOV. 18, 2011 (Friday)

FOREX

PHISIX

US$1 = P43.51

4,312.96 points

2 cents

;

27.90 points

;

Briefly Business forum

MAMBAJAO, Camiguin -- Noting the economic growth of this so called “Born of Fire” province of Camiguin due to its vast and rich-agricultural land and eco-tourism potentials, this capital town is hosting a two-day business and investment forum before the end of the year. Invited for the two-day forum are business operators, grocery and sari-sari store owners, and industry stakeholders. In the business and investment forum, the various local government units (LGU) in the province, especially this capital town, will open up opportunities for investments to both foreign and local investors.

Women’s activity

BUTUAN City– The 18-day campaign to end violence against women will kick off here next week. Several activities are readied by the various committees for the women and the general public to participate, as well as exercise their rights against violence. It was learned that this year’s campaign will also be a venue for a constructive dialogue among key government agencies and service providers on Violence Against Women (VAW) like crisis centers, social workers, healthcare providers, police and alternative law groups, discussion of various VAW aspects, including gender-based violence issues, the Region-13 office of the Commission on Human Rights said.

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Local economy shows resilience, says BSP By RUEL PELONE, Online Editor

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HE Philippine economy continues to show resilience amidst the challenging global economic environment as the country’s gross domestic product (GDP) posted an average of four percent during the first semester of this year.

During the recent mid-year economic briefing held in Cagayan de Oro recently, Bangko Sentral ng Pilipinas (BSP) Director Antonio Cintura, said that the Philippine economy continues to show resilience amidst challenging global environment with a GDP growing by 3.4 percent in the second quarter of 2011, averaging four percent in the first semester of the year. Cintura said the country is entering into the global economic and financial crisis from a position of strength with a healthy, sustained, and inclusive economic growth to which the BSP has contributed considerably. He said the pre-emptive steps that the BSP has taken ECONOMY/PAGE 7

Kids race towards the dumpsite to scavenge for scraps and recyclable items. Despite the global slowdown, the Philippine economy remains bullish showing credible growth in the first semester of this year.

Synergy of Primavera Residences’ design, location and market impresses visitors

Recent Visitors to Primavera Residences Model Unit (L-R): Richard G. Skandalaris, President, Skandy Land; Lorens Ziller, CEO, Multiplata Group; Arch. Romolo V. Nati, Pres & CEO, Italpinas and Rodolfo Meñes, Vice President and General Manager, Pueblo de Oro Dev. Corp. PHOTO BY MIKE BAÑOS , NPN

TWO foreign visitors who recently visited Cagayan de Oro came away impressed with the way the design, location and target market of the Primavera Residences seamlessly fit together to add value to its residents and its surrounding community. Richard G. Skandalaris, president of Skandy Land Real Estate Agency based in Clovis, California, USA and Lorens Ziller, CEO of the Multiplata Group of Dubai,

United Arab Emirates, both agree the pioneering project of Italpinas Euroasian Design and Eco-Development Corporation (Italpinas) is a great value for what buyers are paying for it. “The eco-friendly design elements of this project really work,” Mr. Skandalaris said. “We were up in the third floor and you could feel how cool it was even at that level due to the crosscurrent of the wind moving

from one side of the building to the other. Mr. Nati has taken a great gamble with this project by not using the same, old tried and true condominium formula but instead chose to bring together design and location which fits the niche market to a tee. I think he has made a model of how to bring these diverse factors together in one project which can serve as a model PRIMAVERA/PAGE 5


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Economy

Nov 21-24, 2011

BusinessWeek

Govt to implement P8.5b investment plan for ARMM

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AVAO City -- The government will implement its P8.5 billion roadmap and investment plan for the five provinces under the Autonomous Region in Muslim Mindanao (ARMM) pending appeal against a Supreme Court decision upholding the constitutionality of a law resetting the polls in the region and allowing the President to appoint an officer-in-charge governor thereat, Interior and Local Government Secretary Jesse M. Robredo recently said.

The Department of the Interior and Local Government (DILG) chief said the P8.5 billion disbursement acceleration fund is on top of the P11.8 billion regular ARMM budget for CY

2011 and which will be implemented by at least 10 national government agencies under an ARMM Transition Team to be headed by the DILG. “The very main reason why we

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are here today is to let the public know of the Aquino government’s sincerity in its promise of allocating multi-billion-peso funds for ARMM for its social economic development, governance reforms and for improving peace and security in the region,” Robredo said. He said the ARMM multiagency transition team intends to fast track the Aquino government’s mission and vision for ARMM despite a motion for reconsideration by some groups to the October 18, 2011 Supreme Court decision which upheld the constitutionality

of Republic Act 10153 postponing the ARMM elections and authorizing President Aquino to appoint OICs in the region. “We have already prepared the roadmap and investment plan for the ARMM. This means naka-kasa na yung plano at pondo para sa mga bagong proyekto sa ARMM kahit di pa nade-desisyunan with finality ng Supreme Court yung constitutionality ng Republic Act 10153,” Robredo said. In today’s event held at the Pinnacle Hotel in Davao City, the DILG has invited the five ARMM PLAN/PAGE 9

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DTI, LGU-Butuan conduct E-Bamboo training seminar By CRISTINA DEDEL Contributor

BUTUAN City -- The Department of Trade and Industr y (DTI) Agusan del Norte, in coordination with the Rural Micro Enterprise Promotion Program (RUMEPP), Cottage Industry Technology Center (CITC) and the city government of Butuan, conducted training on engineered bamboo entitled “Bamboo Primary Processing & Lamination” from November 7-11 at the Slaughter House Compound and Ronwood Construction Co., this city. According to DTI-Agusan del Norte Officer-in-Charge Gay Tidalgo, the five-day training aimed to introduce and transfer the technology of engineered bamboo to the Caraga region’s existing and potential furniture makers. “It is also expected that this activity would encourage tree farmers and other landed individuals to opt for bamboo plantation,” Tidalgo added. Meanwhile, Elvin T. Dimasuay of the CITC actted as the trainer/resource person of said skill’s training. Beneficiaries of the training are the members of the United Furniture Makers Association (UFMA), Caraga Chamber of Wood Industries Association (CCWIA), tree farmers and other furniture stakeholders of the region.


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NEWS CAPS McDonald’s drops US egg FARM GROWTH AND RICE FORECAST Full-year farm growth for 2011 is likely to range from three percent to 3.5 percent, Agriculture Secretary Proceso J. Alcala and Bureau of Agricultural Statistics (BAS) Director Romeo Recide said. The two said that growth this year will be pulled down by an expected dismal fourth quarter performance which was adversely affected by typhoons Mina, Quiel, Pedring, Juaning and Falcon. Secretary Alcala had been previously optimistic that the agriculture sector would be able to post a full-year growth of five percent this year following the 5.48 percent growth realized in the first half of the year. He pointed out that the sector performed better than projected, with the third quarter posing a 4.28 percent growth. Unfortunately, the Agriculture Secretary admitted that the 4th quarter growth is expected to diminish the previous three quarters’ gains, even though he refused to project the fourth quarter performance. The DA has scaled down its 2011 rice production forecast by 4.3 percent to 16.68 million metric tons (MT) after typhoons that hit the country in the second half of the year pulled down the country’s rice harvests. The DA-BAS said national paddy yield could reach P16.68 million MT in 2011, 5.7 percent higher than the 2010 output of 15.77 million MT. However, the projected rice production was 700,000 MT less than the 17.4 million MT target set by the DA at the start of the year as part of its goal to make the country self-sufficient in rice production. GSIS’ $1-B GLOBAL INVESTMENT PROGRAM The Government Service Insurance System (GSIS) is looking at reviving its global investment program next year. GSIS President and General Manager Robert Vergara said that if the financial problems in Europe and the United States subside and the overall environment improves, the agency may again park its funds operating income, such as service fees, commissions and non-interest income, increased 11.4 percent to P7.13 billion. Annualized return on equity (ROE) stood strong at 15.88 percent, although lower than the 16.64 percent in the same period last year. RCBC added that its net interest margin of 4.15 percent remains among the highest in the industry. The bank continued to build its financial strength following a deliberate strategy of prudent balance sheet management. Total consolidated resources reached P311.86 billion, nearly six percent higher than the P294.54 billion posted in the same period last year. COCONUT IMPORTS United States-based Nutiva is considering importing coconut water and desiccated coconut from the Philippines for its organic product line that is marketed in the US and Europe. John Roulac, Nutiva President and Chief Executive Officer, said that the company plans to source as much as 10 container vans of coconut water for processing as a health drink each month. Figures from the Philippine Coconut Authority (PCA) showed that from January to June, shipments of coconut water went up by 315 percent on the back of higher demand, particularly in the United States and Europe. The PCA, an attached agency of the Department of Agriculture, disclosed that local producers exported 7.5 million liters of coconut water to major markets in January to June compared to 1.8 million liters shipped out in the same period last year. BANANA INDUSTRY Agriculture Secretary Proceso Alcala assured corporate farms and small banana growers of full government support and intervention in containing the spread of the most virulent strain of the Panama disease, committing as much of the government’s budget as they would need and offering to provide alternative crops and support measures to farms already laid waste by the blight. At a meeting with the Pilipino Banana Growers and Exporters Association (PBGEA) and the Federation of Cooperatives in Mindanao (FEDCO), Secretary Alcala also directed agency officers and technicians to speed up the tracking and identification of infected farms and hasten the formulation of strict quarantine protocols for areas with banana farms and plantations. Although the Agriculture Secretary has approved a P20-million budget for the regional task force here, he assured the banana groups that “we can reallocate as much budget that we can put into this problem.” He said he could get this from both this year’s allocation and next year’s. PH BANKS’ EXPANSION Local banks are not too keen on expanding their services abroad despite the saturation of the Philippine market, according to Singapore-based Manuel Salak III, ING’s Managing Director. He said that big local banks, unlike their regional counterparts, are too conservative in their expansion plans outside the country. “Philippine companies, especially in the financial-services sector, should think as regional companies,” Salak said. He said the banks’ activities outside the country have been limited to remittances, tapping mostly overseas Filipino workers. But all of these were just tie-ups with other money-transfer companies rather than expanding its assets overseas, he said. BALANCE OF PAYMENTS (BOP) The Philippines could end the year with record foreign reserves of $76 billion, the Bangko Sentral ng Pilipinas (BSP) Chief said, backed by modest growth in remittances from overseas Filipinos and helping boost the balance of payments (BoP) surplus. Central bank Governor Amando M. Tetangco, Jr. told reporters the BSP’s 2011 BoP surplus estimate may be raised from $6.7 billion as authorities were keen to maintain a forecast of 7% growth in remittances. “$75-76 [billion],” Tetangco said in a text message when asked about the gross international reserves (GIR) outlook, although the number remains “unofficial.” The central bank’s previous forecast was for GIR to hit $74-75 billion this year. That forecast was already breached in October when figures reached $75.8 billion.

supplier over farm cruelty assure our customers that we demand humane treatment of animals by our suppliers. We take this responsibility -- along with our customers’ trust -- very seriously.” Sp ar b o e, a f am i ly run company, said it had launched a probe after learning of the video and has fired four workers who engaged in mistreatment of chickens. In a message posted on a dedicated website, owner Beth Sparboe Schnell said an independent auditor from Iowa State University confirmed the company is in “full compliance with our animal welfare policies.” She said Sparboe Farms was the first American egg producer to have its “science-based animal care production guideline” certified by the US Department of Agriculture. But Runkle noted that the video shows that “much of the mishandling type of abuse took place directly

in front of and under the watch of supervisors and managers” at Sparboe facilities in Iowa, Minnesota and Colorado. He also said McDonald’s decision to drop Sparboe as a supplier also fails to provide a solution to the real problem -- the use of cramped battery cages which give hens no room to walk or spread their wings, Runkle added. Mercy for Animals said it was urging McDonald’s to use its influence as the largest egg purchaser in the United States to improve industry standards and stop buying eggs from farms that use such cages. The video was released a day after federal inspectors issued a warning letter to Sparboe citing “serious violations” of food safety rules, including inadequate rodent control and testing for the presence of deadly Salmonella bacteria.

Pancake House sees surge after Yellow Cab purchase

PAL incurs US$39.4-M net loss in Q2

HIGHER REVENUES from its restaurant chain and contributions from a recent acquisition led Pancake House, Inc. to almost double its third-quarter earnings, a disclosure to the local bourse showed. Profits of the restaurant operator, which operates a namesake joint, Dencio’s Bar and Grill, and Teriyaki Boy, surged by 84% to P18.33 million versus last year’s P9.98 million. This, as revenues rose by more than a fifth to P583.84 million due to higher sales and franchise fees in a period which saw the firm’s full acquisition of pizza chain Yellow Cab Pizza, Co. “Pancake House, Inc. confirms the success of its recent strategic acquisition in September 2011,” it said.

PHILIPPINE Airlines (PAL) on Friday said it posted a net loss of US$ 39.4 million in the second quarter of its fiscal year ending March next year mostly because of skyrocketing jet fuel costs. In a filing with the Securities and Exchange Commission (SEC), PAL said its total comprehensive losses in July to September were higher than the US$ 26 million net loss in the same period last year. The airline said total revenues reached US$ 420.4 million, reflecting a 4.7 percent hike from US$ 401.6 million for the same three month period last year. Total expenses, on the other hand, grew by US$ 84.8 million, or 22.6 percent, to US$ 459.7 million for the second quarter of 2011. Jet fuel, which continued to be the airline’s biggest expense, contributed the largest increase of US$ 48.3 million, or 33.9 percent, from US$ 142.5 million in 2010 to US$ 190.8 million for the current three-month period. Average jet fuel prices rose from US$ 94.92 per barrel to US$ 131.99 per barrel. PAL said that based on data released by the International Air Transport Association (IATA), the airline industry in general achieved growth in passenger traffic year-on-year as of September by an average of 6.3 percent. However, op erating results in recent months exhibited a decline in both passenger and cargo traffic, reflecting a reluctance for PAL/PAGE 9

FAST food giant McDonald’s severed ties with one of its American egg suppliers Friday after a video taken by undercover animal rights activists exposed shocking cruelty to chickens at a farm. The footage showed chicks having the tips of their beaks being burned off by a machine and then tossed into cages along with images of barely identifiable corpses of birds that were left to rot in cages. It also showed unwanted chicks left to die in plastic bags, birds mangled by the bars of overcrowded cages, and a chicken flapping its wings in distress as a plant worker swung the creature on a rope in a wide circle. There are no federal laws governing the treatment of poultry on US farms and most states have sweeping exemptions for farmed animals which allow for abuses to run rampant without prosecution. “Unfortunately, much of

the abuse we documented is not only standard, it’s legal,” Nathan Runkle, director of Mercy for Animals, which obtained the clandestine footage, told AFP. “We’ve done over a dozen investigations at factory farms from coast to coast,” he said. “Every time we’ve sent an investigator into one of these facilities they’ve come out with shocking evidence of abuse and neglect.” McDonald’s confirmed it had directed its supplier, Cargill, to stop sourcing McDonald eggs from Sparboe, the company at the center of the cruelty video. “The behavior on tape is disturbing and completely unacceptable,” McDonald’s said in a statement. “McDonald’s wants to

Pancake House’s cost of sales, meanwhile, rose by 27.6% to P488.32 million from last year’s P382.77 million. The third-quarter figure brought the firm’s Januaryto-September net income to P43.79 million, more than a quarter higher than year-ago levels. “The significant improvement is attributed to the increase in revenues by Pancake House… and the contribution of the group’s latest business acquisition of Yellow Cab… for the month of September 2011,” the firm reiterated. Nine-month revenues were up by 8% to P1.48 billion as restaurant sales, commissary sale and gains from franchise and royalty fees all saw an increase.

Cost of sales, however, went up by 8.43% to P1.22 billion from the previous year’s P1.26 billion. “Cost of sales increased… due to higher food cost in the first quarter in Pancake House and the higher food cost structure in Yellow Cab for the month of September,” the company said. “[But] the company managed to mitigate increasing consolidated labor and operating costs as these improved by a total of 3.7% despite increases in government mandated labor cost and higher occupancy costs,” it said. “The group continues to bring the cost of labor ratio down by increasing sales and by enhancing the efficiencies in both the commissary PANCAKE/PAGE 9

DEPOSIT RESERVES Regulators recognized the need to help banks reduce the cost of deposits by making appropriate adjustments in the existing deposit-reserve ratio currently set at 21 percent, the highest in the region. Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said there were plans to scale back the reserve requirement but asked Deputy Governor Nestor A. Espenilla Jr. to explain what they have in mind. Both did not mention specific numbers but Espenilla said what they are prepared to execute was a reserve-reduction plan that was more neutral and least likely to upset liquidity levels. Reducing the deposit-reserve mix percentage point at this point means flooding the system with P8 billion up to P10 billion in peso liquidity that could stoke inflation down the line. At the same time, keeping the existing reserve mix where it is also presents a dilemma in that this effectively acts as a tax, and therefore adds costs on bank funds that are better put to good use by lending. POVERTY REDUCTION Poverty incidence in the Philippines has increased despite the perceived strong economic growth in the previous years, bucking trends in other Asian countries where the number of poor people actually dropped coinciding with their improving economy, research firm Stratbase Research Institute reported. Stratbase said the ranks of poor Filipinos rose by more than 3.4 million from 2003 to 2009 as the country’s economic growth has not been as effective in reducing poverty as in the rest of Asia. It cited a report from the Asian Development Bank (ADB), which found that for every 1-percent growth in gross domestic product (GDP), poverty incidence has gone down by an average of 1.5 percent across the world and 2 percent within Asia. CUSTOMS’ COLLECTION TARGET The Bureau of Customs (BoC) has fallen short of their collection target as of the first half of this month, the head of the agency said in an interview, citing preliminary reports. Collections in the first two weeks of November alone totaled P9.282 billion, just a third of the P30.6-billion full-month goal, Customs Commissioner Rozzano Rufino B. Biazon said on the sidelines of a plenary session in the Senate that formally introduced the national government’s proposed P1.816-trillion 2012 budget for debate.

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Government eyes GSIS-SSS merger

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“The government must unify the GSIS and the SSS for a greater delivery of service to its members,” said Bach M. Macaraya, president of Philippine Society for Labour and Social Security Law, Inc. (PHILSI), said

in a forum on Friday titled “The Uncertain Road: Social Security in Globalizing Asia and the Philippines.” PHILSI is the local chapter of Geneva-based International Society for Labor and Social Security Law.

SSS is the pension fund for private sector workers, while GSIS is its counterpart for the public sector. The integration, Mr. Macaraya said, will allow the pension funds to cut on costs and as a result come up with a larger amount of investible fund to settle liabilities. “A bigger system would result in a higher income as there are more revenue

Primavera...

other and bring down the temperature in the building that it remains cool even in hot summer months to lessen the need for air conditioning. Primavera’s passive design elements are estimated to reduce energy consumption for air conditioning by 32% or around 20% for total energy consumption. Primavera Residences would also be tapping solar energy on its rooftop with the use of photovoltaic cells that would produce around 150 kilowatts peak renewable energy from its two towers. “Condominium developments in the Philippines are usually located in highly built-up urban areas where the eco-friendly design elements cannot be optimized due to the surrounding environment,” Mr. Ziller noted. “In contrast, you have this design where its location and orientation takes advantage of the prevailing winds and

shadows to keep it cooler and residents can enjoy the unobstructed view of the sea, forests and hills. Everywhere you see it’s green.” “An added value is the Italian design which is unique to this project and helps bring the community forward,” he added. Mr. Romolo V. Nati, ITAProject Chief Architect and CEO of Italpinas, is the first and so far only Italian architect in the Philippines to design and undertake a project in the size and scope of Primavera Residences. The ITA Project and Italpinas team won a “Special Energy Award” in the 2011 Design Against the Elements (DAtE) global architectural design competition which aims to build the first green, livable, affordable, and disaster-resistant village in the Philippines that will serve as the blueprint for other communities threatened by

HE GOVERNMENT Service Insurance System (GSIS) and the Social Security System (SSS) should be merged to better serve active members and pensioner, a think tank said on Friday.

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for similar undertakings in South East Asia.” Primavera Residences, is a P250-million 10 storey twin-tower Italian-designed condominium designed by ITA PROJECT, an Italian architectural design firm based in Rome with a solid reputation for award winning eco-friendly buildings, and developed by Italpinas, a sustaining member of the Philippines Green Building Council. Located within the master planned 360-hectare Pueblo de Oro Township in Cagayan de Oro City, it boasts of passive eco-design elements like cross-ventilation, building orientation, an inner green courtyard and terrace, brise soleil (louvres) and extended awnings to maximize natural light and shadow which combine to complement each

streams or more contributions collected, which would equal to higher income or more money to be used to for investments,” Mr. Macaraya said. Ibarra A. Malonzo, SSS commissioner and head of coverage and collection committee, in a separate interview, welcomed the idea, saying the integration will “provide a bigger stream of revenues for the climate change. “It’s a good equation,” Mr. Skandalaris said. “Time and cost structure are better than what we now have in the US, perfect for secondary markets outside Metro Manila and other Philippine urban centers I’ve been to like Davao, Cebu, Boracay and Batangas.” P r i m a v e r a’s l o c a t i o n within the Pueblo de Oro Township is another plus factor that greatly adds value to the project, Mr. Skandalaris noted. With its product mix of commercial establishments like SM City, Koresco Hotel and institutions like schools, churches, clinics and amenities like the 18-hole championship golf course, residents within its various residential enclaves covering the whole spectrum of social to upscale housing have everything they need within easy reach, considerably reducing the carbon footprint of the whole township.

two funds and provide for the pension needs of future retirees” The cost of operation of SSS is around 10% of its total income, he said. The private sector pension fund earned P13.14 billion in the first semester, while profits of GSIS as of October amounted to P56 billion. In addition to beefing up funds, Mr. Malonzo said

the merger will extend the groups’ actuarial life. The actuarial life of SSS is estimated at until 2039, while GSIS until 2045. Although the concept is ideal, Mr. Malonzo, said it will take around two decades before both entities could be unified. Mr. Macaraya, for his part, noted that the integration will need to undergo congressional approval.

Koresco President Ko Yong Soon chats with Arch. Romolo V. Nati, Pres & CEO of Italpinas and Mrs. Celine O. Meñes during a recent visit to the Primavera Residences model unit at Pueblo de Oro Business Park, Cagayan de Oro City. PHOTO BY MIKE BAÑOS, NPN

Mr. Skandalaris has previously been involved with master planned communities in the US and specialized in green eco-friendly construction projects while Mr. Ziller’s Multiplata Group is involved in real estate investment and

consulting, branding of real estate projects and development consulting, branded luxury furniture and events and marketing for corporate sports. It operates in the UK, Italy, Romania, Iran, UAE and the Philippines.

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BUREAUS/AGENTS CEBU CITY RAUL CARDONA 0927 2251300 CAGAYAN DE OROJESSIE - RIZAPALABAO O. ARES-0910 0920-9600223 DAVAO CITY 6681733 CEBU CITY CARDONA 2251300 BUTUAN CITYRAUL OBET SAMONTE0927 0905 7495220 DAVAO CITY MARY JESSIE PALABAO BUKIDNON ANN NOBLE 0910 09166681733 7276618 BUTUAN CITY -CITY ARJAYED FELICILDA - 0949-328-4099 VALENCIA BAUL 0920 9019294 BUTUAN CITY ROBERTO OBET SAMONTE 0905 OZAMIZ CITY ATTY. CANTAGO JR. 7495220 0918 8070707 BUKIDNON MARYM. ANN NOBLE 0916 MIS. OCC. MARISA MANLAPIG 09287276618 9538828 VALENCIA CITYWILLY ED BAUL 0920 9019294 GINGOOG CITY RAMOS 0926 1691016 OZAMIZ CITYMIS. ATTY. ROBERTO CANTAGO JR. 7389130 0918 8070707 WEST OR. JUN FELICILDA 0906 MIS. OCC. M. MANLAPIG 0928 9538828 EAST MIS.MARISA OR. JESSIE DAHAY 0935 9058038 WESTLUCRESIA MIS. OR.JERUSALEM JUN FELICILDA 0906 7389130 PUERTO,CDO ARMM REGION REGION SONY SONY SUDARIA SUDARIA 0917 0917 3247258 3247258 ARMM ILIGAN CITY/LANAO - JEFFREYV.OPONDA - 0935-2796817 ILIGAN CITY LENNETH GULA 0918 2986719 MARAWI CITY ROLLY ASA MADALE 0916223 1590131 ILIGAN CITY TOMAWIS 063 8366 PAGADIAN CITY ASA AL FRANCISCO 09121590131 8484037 MARAWI CITY MADALE 0916 CAGAYAN DE DEL OROSUR JOESAHRIA PALABAO 0905 1569709 LANAO MARUHOM CLAVERIA DAVID SUDARIA 0926 1096831 MARANDING ELEANOR TAPITAN 0926 1888871 AGUSAN SUR - MANUEL EGAY 0925 213 1640 ZAMBO CITY CAMCER I. ORDOÑEZ 0908 7804348 PAGADIAN CITY AL FRANCISCO 0912 8484037 IPIL, ZAMBOANGA SIBUGAY ALBERTO ALCORIZA Member: CAGAYAN DE ORO JOE PALABAO 0905 1569709 PUERTO, CDO VICTOR ALCOVER 0926 9778513 CLAVERIA SUDARIA 0926 1096831 -Philippine PressDAVID Institute MANOLO FORTICH, BUK. ALFONSO LEDESMA Member: de Oro Chamber of Commerce and -Cagayan Cagayan deFoundation, Oro Chamber of(Oro Commerce and Industry Inc. Chamber) Industry Foundation, Inc.de (Oro -Misamis Oriental - Cagayan OroChamber) Association Misamis Oriental(MOCAP), - CagayanInc. de Oro Association of Publishers of Publishers (MOCAP), Inc.

Looking for an efective print Ad result for your C, D & E market? Advertise to: INDANAO

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Geleng Building, Lapasan Highway, Cagayan de Oro City TEL. NOS.: (088)856-3344, (08822)74-53-80, 72-33-44 CELL NO. : 0917-7121424, 0923-432-0687

BusinessWeek MINDANAO

How To Debate With Your Mate THINK a minute… A wise marriage counselor asks every couple wanting to get married if they have had a real argument yet. Often they answer: “Oh, no! We love each other. We never fight!” This marriage counselor tells every couple to fight first before they get married. He says that when couples disagree, they must learn to listen and understand each other’s feelings so they can solve their differences and forgive each other each time they disagree. A very important skill in building a happy marriage and life together is learning how to debate with your mate. But there are rules you must follow to have a fair, good debate, so you

will still be close friends afterwards. First, before you start, both of you should agree to stick only to that issue. Don’t bring up past problems and hurts. Second, remember that your goal is not to win the argument, but to understand each other’s feelings. In other words, TUNE IN. Really listen to what each other is thinking and feeling. Try to understand how you are causing them to feel hurt or wronged. Put yourself in their place and see things from their side. Remember, feelings are not right or wrong, but they are very real to your mate. So how your wife or husband feels should be important to you. Third, never argue and

talk about personal, private matters in front of other people. Number four, stop the fight if either of you loses control of your anger or words. And the final rule on how to debate with your mate is TONE DOWN. This means we must try to stay calm, kind and gentle. They say that 90% of the tension and anger in families is caused by the wrong tone of voice. Many times it’s not what we say, but how we say it. What we say may be right, but how we say it is wrong. We need to kindly and gently say how we feel without attacking and hurting each other with our words. In just one moment, our hurtful words can do years of

THINK A MINUTE

JHAN TIAFAU HURST

damage. So why not ask Jesus Christ to take charge of your heart and marriage? He will help you start communicating with your mate both honestly and kindly. Then you will both win each debate, and only become happier, better friends. Just think a minute…

Privatization of the Philippine airports CHRISTMAS jingles are all over the airlanes. From radio plug inns to the pipein music in the malls, the spirit of the holiday season heralds the joy of the world. Christmas celebrations are just around the corner. The countdowns in the school calendars and corporate offices await a season of a prolonged breaks and gift giving. In the national scene, the battle of disagreements and personality assassinations are starting to heat up. A former President hated by many and loved by her political benefactors may finally be arrested and charged with several cases already known to the public. The economy is also bracing for a stronger 5.3% growth rate. Tourism arrivals are expected to finish at 12% higher from the 2010 level. But the over-all figures are lower compared to the forecasted 29% growth for 2011. What went wrong to the DOT growth forecast? Vietnam has overtaken us since October with their 5.5 Million tourist arrivals. We are the lowest finisher in the Asian Pacific region.

A long list of catastrophic events hit us this year. The Hongkong tourists’ hostage taking at Rizal Park, the three super typhoons that occurred in the months of July, August and September and of course the travel advisories of our allied countries advising their nationals against travel to the Philippines. The 9/11 anniversary also brought a standstill in the airline travel worldwide. But what wipe out the 29% growth forecast of the government was the Tsunami last March in Japan. The Japanese market is always in the top three ranking of foreign visitor’s arrivals in the Philippines. Our relationship with Japan has been friendly and cordial since Second World War liberation. In the 70’s, hurlded bus loads of Japanese tourist open unfamiliar destinations in the country. Cebu and Mactan were teaming with Japanese, the word “Karaoke” and “Sauna” become familiar and were ringing with cash receipts. From tourism in the Marcos years, the Japanese became investors in the Cory Aquino years. They became

residents of the Philippines during the Ramos administration with the enactment of the Retirement Authority Law where foreign nationals were allowed to acquire limited land properties for residential purposes. During the Presidency of Joseph Estrada, tourism was relegated at the back seat even if it was headed by a very attractive and socially famous former Miss International; Gemma Cruz Araneta. Nevertheless, it was the President who was the number one tourist attraction in the Philippines. With his flamboyant leadership, misadventures and the women link to him, he was the favorite item in many travel magazines. He was the most watched and heard during government and corporate events, the audience watching every step and words he speak hoping to catch a mistake. But Erap was always perfect with his one liner. He was the spirit and the dynamo of entertainment for every gathering. Tourism during the time of President Gloria Macapagal Arroyo attained the vision and the figures.

BSP’s painting collection EARLIER this year, I wrote about the BSP’s Painting Collection, which art curators in the country have described as “formidable”. Ramon E.S. Lerma, Curator of the Ateneo Art Gallery, said that in terms of size and historical breadth, the BSP Painting Collection rivals that of any museum of national standing. Most Filipinos may wonder why a government institution such as the BSP even collects such magnificent and rare paintings, including those by Fernando Amorsolo and Felix Resurreccion Hidalgo. Lerma, who edited the 2005 BSP coffee table book Tanaw: Perspectives on the Bangko Sentral ng Pilipinas

Painting Collection, gave a comprehensive explanation on the BSP’s painting acquisition program. “Indeed, there can be no better way to explain the existence of this collection, and to justify the substantial public resources involved in procuring these paintings, than to look at the Bangko Sentral ng Pilipinas as an institution whose role as repository and custodian goes beyond solipsistic definitions of a country’s material wealth,” Lerma pointed out. He further explained: “For the BSP, preserving the Philippines’ cultural patrimony is just as important as tending to its financial well being – an impetus that

articulates the high value the organization holds and the lofty ideals that it has about the nation it serves.” In addition to sending select pieces to its other branches in key cities all over the country, Lerma said that the BSP has exhibited some of the art works at the Money Museum located within its premises and the nearby Philippine International Convention Center (PICC). The BSP also regularly lends its paintings to the Metropolitan Museum of Manila and to other museums and galleries for temporary exhibition, as part of its continuing efforts to allow Philippine society to partake of its rich heritage,

Quick with the power point presentations, slogans and marketing hype, with an improved budget, Philippine tourism attracted the world. Of course, we have Richard Gordon who brought his management and organizational ability and later Ace Durano who develop the special interest attractions for the European market. The former Congressman from Cebu, Secretary Ace Durano, was the most approachable and team player in the tourism industry. Tourism in the present administration of President PNoy, has not taken a bigger step forward. With twice a change of leadership at DOT and the series QUIAMJOT/PAGE 7

SPEAKING OUT

IGNACIO BUNYE

Lerma added. Most importantly, Lerma stressed, the BSP published a set of coffee table books from 1981 to 1983—the Kayamanan series—which shared knowledge about the BSP’s art collections and enhanced their significance by highlighting these objects as “treasures of the Filipino people.” BUNYE/PAGE 7


BusinessWeek

MINDANAO

Views.Opinion

Colorectal Cancer: What You Should Know (2nd of Two Parts) ONCE You get to visit your Attending Physician, after a thorough physical examination (to include a digital rectal examination) he/she will be requesting a battery of diagnostic examinations. The most basic and common is the fecal occult blood (FOB). This test is inexpensive, easy to perform, non-invasive, with fast results. Samples are taken on three separate occasions, and patients must be instructed on their diet at least 48 to 72 hours, prior to the submission of the samples. There are certain foods and medications that must be avoided during this time, like beets, raddish, cauliflower, broccoli, iron and vitamin c enriched foods, to name a few. It is likewise not recommended to have the test performed when there are hemorrhoidal flare ups, or when there is diarrhea,constipation, menstrual period, to name a few. Whether the test result turns out to be positive or negative, when there is a high index of suspicion that there may be a mass in the colorectal area, other diagnostic tests may then be performed: sigmoidoscopy,

Bunye... from page 6

Started during the term of former Central Bank Governor Jaime Laya, the collection is now conservatively valued at P2 Billion pesos, almost two thousand times the acquisition price. During his term, Governor Amando M. Tetangco, Jr. has purchased an additional 25 art pieces, including three Tanaw art competition winners. Tanaw: the BSP Art Competition, is a biennial contest open to all Filipino citizens that encourages the production of excellent art works and aims to help the BSP expand its collection. Just last week, the Monetary Board approved of the acquisition of a Macario Vitalis painting, The Magician. In The Magician (1958), valued at P1.5 million, Vitalis froze the sleight-ofhand trick of birds flying through the air with his juxtaposition of colors and geometric planes. The renowned Filipino painter was born in Ilocos Sur in 1898 and devoted his life to painting at a young age. He left the country in

Quiamjot... from page 6

tastrophes hitting the Philippines and the world that affects travels, we need a miracle this Christmas to stay close to our Asian neighbors who are hitting five digits in arrivals. There are points of entries airports in the Philippines that need overhaul. It’s not only NAIA 1 and 3 but from Tuguegarao up to

colonoscopy, barium enema (X-ray of the lower gastrointestinal tract). Once a lesion is detected, a tissue biopsy is done, to determine whether it is cancerous or not. Knowing your illness is of paramount importance. Your decision on your choice of treatment should be well studied, reviewed and discussed with your attending physician. Staging (meaning, whether the cancer is limited to the area, the extent of involvement, or spread), treatment options like surgery, chemotherapy, radiation or a combination of these, as well as prognosis (what to expect in terms of life expectancy, side effects, recurrence), economics (cost is something that should be discussed as well), are very important issues that need to be openly tackled by the patient, the immediate family members and their doctor. I would like to add, that requesting for a second opinion, whether it be the on the tissue diagnosis, or the treatment modality presented by your physician, is something that must be considered. We do hear the phrase “two heads are better than one,” and this applies to moments like this as well. Once the diagnosis is already confirmed, subse-

1917 in the hope of finding greener pastures in the United States, and enrolled at the California School of Fine Arts upon arriving there. Vitalis left the United States in 1925 when Paris, the art center of the world, beckoned. He returned to the Philippines in 1963 after seeing the Bayanihan Dance Company perform in Paris, but went back to Europe the same year for an exhibit. In 1986, Vitalis held a retrospective exhibit at the Cultural Center of the Philippines. After the event, he stayed in Iligan City where he died three years later. Having spent most of his life and career in Europe, Vitalis’ paintings can be found there. About 40 of his works, purchased by a Lebanese in 1962, are now in the possession of a museum in Beirut, Lebanon. Indeed, the BSP’s Painting Collection allows us Filipinos the rare opportunity to learn about the lives of our world-renowned artists and take pride in their works. Note: You may email us at totingbunye2000@gmail. com. Siasi in Jolo. We have seen how NAIA 2, is operated under the management of Philippine Airlines. It has fewer problems compared to NAIA 1 which was recently voted as one of the worst airport in the world. Privatizing the operations of all airports in the country to competent operators in the world could be the tourism industries’ best gift this season from the government.

HEALTH IN FOCUS

DR. MARY JEAN LORECHE-DIAO quent testing will then be performed: tumor markers (Carcinoembryonic Antigen or CEA), Chest Xrays, CT Scan and sometimes an MRI may be done. These tests will help in determining the mode of treatment as it will help your Doctor know whether the tumor is localized or has spread to other organs. A diagnosis of Colorectal Cancer is not the end of the road. There is always hope for our patients diagnosed with the Big C. Knowing that modifiable factors in its causation is something that WE can do something about , let us then actively live active lives, eat right and in moderation, abstain from alcohol and smoking. An apple a day drives the doctor away, so they say!

Economy... from page 1

enabled the country to continue to support growth while keeping the inflation within the targeted range of three to five percent for the year. Healthy banking system has contributed to the growth, where banks are facilitating the smooth flow of credit channeling funds to their borrowers and ensuring confidence to their lenders, he said.

Nov 21-24, 2011

7

New Franchising Trends 2008 ORIGINALLY people think of food when we talk of franchising, but today, more and more businesses take advantage of the Business format franchising system to go with not so traditional businesses as well into Franchising and I will introduce you today to some of those new twigs on the ever growing franchising tree. Drug stores, while regulated by government, found their way to expand through Franchising. While it is quite an upward struggle to fight the leader in the game, never the less there is a huge market out there and finally Drug stores decided to go into Franchising and even segmented to depending on certain drug markets, be it for people who prefer branded or generic medicine. Emmaflor, a chain of drugstores concentrated in the Makati area with some outlets combined with a convenient store offer such branded medicine only. A chain from Laguna, Johnston Pharmacy on the other hand is promoting the generic medicine in their outlets and is franchising particular nationwide with a Franchise even in Lapu Lapu City. Botika1 has Gondolas of generic drugs

for franchising in Gasoline station convenience shops and 10 square meter outlets. Advertising and printing Companies haven’t thought earlier of franchising their business either, but now, no less than three Companies joined Franchising as vehicle to expand their businesses. Alex Montanez is considered the billboard king in the Philippines, having those big boards all over the Country on roadsides, in Airports and a lot of other localities. Combined with the service of printing signages and other advertisement businesses, APM is very lucrative to venture into, and a franchisee can even expand it to cable TV programming, which APM offers as well. A European invention which was brought by a Belgian to the Philippines is Rabbit Advertisement, which offers placemats to restaurants, on which other companies place their advertisements. Placemats are an excellent source of advertising, since restaurants patrons have to sit and wait for their order, so in the meantime they can browse through the offers right in front of them. Rabbit Advertisement is offering area

franchises nationwide for this excellent business and has several in operation. Premier Graphics Asia is the leading Company in Manila for printing tarpaulins and posters, now franchising as well nationwide. 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, Cebu Tel. (032) 273.3827, 238.3933 Email: rk@rkfranchise.com; Websites: www. rkfranchise.com, www.fifa. ph, www.franchise.ph, www. cebuexpo.com.

He claimed that the healthy state of the banking system, characterized by solid asset growth and improved loan and asset quality, was the result of sustained implementation of key financial reforms and improved bank risk management. The BSP also noted the strong external position which continues to support the economy. “Our prudent external sector policies allow us to post $9.0 billion balance of

payments (BOP) while gross international reserves (GIR) grew around $76 billion for the first nine months of 2011, much higher than the country’s external debt of $61 billion,” Cintura said. He claimed that the build-up reser ves give the country a buffer to withstand external shocks brought forth by the uncertainties in the global economy. “ The countr y’s ever

strengthening macroeconomic fundamentals and stronger fiscal position place it in a good position to deal with both natural calamities and economic and financial volatilities,” he added. Cintura said the healthy economic position has been the constant source of strength underscoring its resilience that resulted in a string of positive rating actions from credit rating ECONOMY/PAGE 8

FRANCHISING

RUDOLF A. KOTIK

Department of Environment and Natural Resources CENRO Initao, Misamis Oriental

NOTICE It is hereby announced that RAY G. MANIGSACA of Tabok, Opol, Misamis Oriental has applied in this office of the purchase, without public auction, under his/her Miscellaneous Sales Application No. 104321-113-A for Commercial purpose of Lot No. 37876, Cad- 237 is identical to Psu 10-001055 situated in Tabok, Opol, Misamis Oriental containing an area of 284 square meters in accordance with Republic Act No. 730 [as amended by PD 2004]. By virtue of the authority granted by the Secretary of Department f Environment and Natural Resources, this office will, without public auction , sell to the applicant, RAY G. MANIGSACA the parcel of land on ________________________ for One Hundred Thirty Six Thousand Three Hundred Twenty [P136,320.00] pesos for the whole tract, in accordance with the said Republic Act No. 730 [ as amended by PD 2004]. If there is any claim to this land, such claims must be filed at the Community Environment and Natural Resources Office, Malasag Heights, Cugman, Cagayan de Oro City on or before the date of Sale, otherwise, the said claim shall forever be barred. Cagayan de Oro City, November 9, 2011.

BWM Nov 21, 28 & Dec 5

(Sgd.) ALDRICH S. RESMA OIC, CENR Officer

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

DEED OF EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH DEED OF ABSOLUTE SALE Notice is hereby given that the intestate of the late SPS. GUILLERMO G. BAHIAN and TRIEFONA J. BAHIAN, who died at Laguindingan, Misamis Oriental, left a parcel of land more particularly known as; Lot No. 37695, Cad-237 [Lot 12732-A, Csd-10-004834-D]. situated in the Poblacion , Mun. of Laguindingan, Province of Misamis Oriental , containing an area of THIRTY THOUSAND FOUR HUNDRED TEN [30,410] SQUARE METERS, more or less. is covered by OCT No. P-18797, is under DEED OF EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH DEED OF ABSOLUTE SALE to MINDA A. VERCELES, of legal age, married to MACARIO D. VERCELES of Barrio Patag, Cagayan de Oro City, under Notary Public Atty. Buenaventura E. Sagrado as per Doc. No. 196; Page No. 40; Book No. 86; Series of 2011. BWM: Nov. 21, 28 & Dec. 5, 2011


BusinessWeek

8 Nov 21-24, 2011

MINDANAO

NOMIARC receives outstanding service award in Malacañang HOTEL KORESCO Celebrates 7th year on November 25 The first Korean-owned hotel in Cagayan de Oro, Hotel Koresco wishes to invite guests and visitors to avail of its latest food offers at the Ambrosia Restaurant, the Eat All You Can every Saturday lunch and dinner, and the Golfer’s Executive Meals which is for non-golfers as well. Eat All You Can features the Salad Bar, Sushi, Maki, and Mongolian at only Php250.00 per person. For reservations of at least 5 pax, we pick up guests at the SM mall near the ATM area and bring them to Koresco and then back to SM city. The Golfer’s Executive Meals includes Chicken Teriyaki, Chicken Adobo, Beef Steak Filipino style, Ebi Tempura, Lechon Kawali, Grilled Pork Belly, Pinaputok na Bangus, and Fish with Parmesan cheese. The one-serve meal comes with rice and soup, for only Php195.00 per person. Fun and surprises await the lucky guests and visitors on our weekend treat on November 25 and 26 at 6:00 p.m. at the Ambrosia Restaurant.

Economy... from page 7

agencies. He said the credit assessment upgrades is an acknowledgement of the good prospects of the Philippine economy stressing that the investment grade rating is

within the reach of the country. The strong macro-economic fundamentals coupled with the Aquino administration’s solid commitment on good governance should push the country’s economic performance to a new and higher economic path, Cintura added.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE EJF FILE NO.2011-492 Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118 filed by HOME DEVELOPMENT MUTUAL FUND (PAG-IBIG), as mortgagee against VICTOR CONSTANTINE C. CINCHES married to MELY D. CINCHES, as mortgagor which as of September 9, 2011 amounts to ONE MILLION FIVE HUNDRED NINETEEN THOUSAND THREE HUNDRED NINETY ONE PESOS & 67/100 (P 1, 519,391.67) ONLY, including interests and penalty charges and expense of foreclosure, the undersigned will SELL at Public Auction on December 5, 2011 at 10:00 O’clock in the morning at the Office of the Regional Trial Court, Branch 23, Hall of Justice, Cagayan de Oro City, the following described property below with all the improvements found thereon, to wit; TRANSFER CERTIFICATE OF TITLE NO. T-200987 A PARCEL OF LAND (Lot 1388-F, Psd-10-003705, being a portion of Lot 1388, Cad 237. Cagayan Cadastre), situated in the Barrio of Kauswagan, City of Cagayan de Oro, Island of Mindanao. Containing an area of THREE HUNDRED (300) SQUARE METERS more or less. All sealed bids must be submitted to the undersigned on the abovestated date, time and place. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following day without further notice, posting and publication.

MALACAÑANG has recently awarded the Northern Mindanao Integrated Agricultural Research Center (NOMIARC) as among the nation’s outstanding public servants for its meritorious achievements in extending services to the public. The awarding ceremony took off on November 9, 2011 at the Heroes Hall of Malacañang with Executive Secretary Paquito Ochoa Jr., Civil Service Commission (CSC) Chair Francisco Duque III and Commissioner Mary Ann Fernandez-Mendoza. On behalf of President Aquino, Ochoa hailed the awardees for the selfless efforts and achievement they have extended in their specific fields of specialization in the line of public service. NOMIARC is among the 30 state officials, employees and organizations honored during the awarding rites of the 2011 National Search for Outstanding Public Officials and Employees. Among the awardees included a youth-assisting librarian, bomb expert, pro-environment teacher, peace keepers, health advocates, honest state auditor, dedicated local chief executives, among others. Posthumous awards were

Tourism... from page 10

as well. Mr. Ernie Pelaez of the Mapawa Nature Park was also elected as Board of Trustee of the Congress. Surely, with their presence Northern Mindanao will surely be catapulted as one of the best tourist destina-

also given to the families of a slain teacher who lost her life defending her pupils from grave danger and a forester who cost him his life protecting the Makiling Forest Reserve. As CSC-Pagasa awardee, NOMIARC is commended for its meritorious achievements in the field of agricultural research and development that brought into fruition several development program and projects that benefitted the farming communities of Region 10 and

the country. NOMIARC Center Manager Juanita Salvani said the award is indeed an inspiration to the NOMIARC staff and its community and institutional partners in continuing to propel community-based initiatives that realize local agricultural development. NOMIARC received a gold-gilded medallion crafted by the Bangko Sentral ng Pilipinas, a plaque containing the citation and signature of the Chairperson

of the Civil Service Commission and a cash prize of P100,000.00. Department of Agriculture 10 Regional Executive Director Lealyn A. Ramos and Regional Technical Director Roxana H. Hojas accompanied the NOMIARC team in receiving the award in Malacañang. A testimonial dinner was held thereafter at the Philippine International Conventional Center (PICC) in Pasay City. (mae odimyrl a. morales, DA-NOMIARC)

tions in the country today. Three years ago by virtue of Republic Act 9593- an act creating and holding a National Tourism Congress was passed into law to further strengthen the Tourism Industry of the country. It was at the time of the former Tourism Secretary that the act was enacted for a public

private partnership (PPP) to strengthen the tourism industry participated in by all tourism associations, accredited establishments, organizations and aggrupations all over the country. Present during the Congress was the newly appointed Tourism Secretary Ramon Jimenez along with

the Tourism Undersecretaries, Assistant Secretaries, Regional Directors from all over the country. In behalf of the Regional Director of Region XCatalino “Butch” E. Chan 111 who is on leave- OIC and Trustee Maria Elena O. Manalo represented the Region.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 19 Cagayan de Oro City NOTICE OF EXTRA-JUDICIAL SALE File No. 2011-315 Upon extra-judicial petition for sale under Act. 3135 as amended by Act 4118, with respect to real estate mortgage and Act 1508 with respect to chattel mortgage filed by ORO INTEGRATED COOPERATIVE, Cagayan de Oro City with postal address at Tiano Bros. St.,, Cagayan de Oro City, against JULIETO & BEMA GALUPO, of legal ages, and with postal address at B10-42 NHA-P1, Kauswagan, Cagayan de Oro City, herein referred to as the MORTGAGOR, to satisfy the mortgaged indebtedness which as of June 1, 2011, amounts to EIGHT HUNDRED TWENTY SIX THOUSAND FIVE HUNDRED EIGHTY FIVE PESOS & 48/100 (Php 826,585.48), Philippine Currency, plus stipulated interest, penalty charges, attorney’s fees and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on DECEMBER 5, 2011, at 1:30 o’clock P.M. or soon thereafter at the lobby of the Hall of Justice, Cagayan de Oro City, to the highest bidder, for CASH or MANAGER’S CHECK and in Philippine Currency, the herein described property/ies: TCT NO. T-156166- A PARCEL OF LAND, (lot 2, Blk 10, Psd-10000346, being a consolidated of Block 1, 3, 7, 10, 26, 27, 28, 29, 30, & 64, Psd-10-005673) situated in Bo. Kauswagan, City of Cagayan de Oro, containing an area of EIGHTY ONE (81) SQ. M., more or less, All sealed bids must be submitted to the undersigned on the abovestated time and date. In the event the public auction should not take place on the said date due to holidays, it shall be held on the next working day without further notice. Cagayan de Oro City, November 3, 2011

Prospective buyers/bidders may investigate for themselves the title herein above-described and encumbrances thereon, If any therebe. FOR THE PROVINCIAL SHERIFF

Cagayan de Oro City, October 27, 2011.

BWM NOV. 7, 14 & 21, 2011

(Sgd.) RICO A. REMALIC Sheriff IV

D Department of Environment and Natural Resources CENRO Initao, Misamis Oriental

NOTICE It is hereby announced that RAY G. MANIGSACA of Tabok, Opol, Misamis Oriental has applied in this office of the purchase, without public auction, under his/ her Miscellaneous Sales Application No. 104321-113 for Commercial purpose of Lot No. 46320, Cad- 237 is identical to MSI-104321-113-D situated in Tabok, Opol, Misamis Oriental containing an area of 617 square meters in accordance with Republic Act No. 730 [as amended by PD 2004]. By virtue of the authority granted by the Secretary of Department f Environment and Natural Resources, this office will, without public auction , sell to the applicant, RAY G. MANIGSACA the parcel of land on ________________________ for Two Hundred Ninety Six Thousand One Hundred Sixty [P296,160.00] pesos for the whole tract, in accordance with the said Republic Act No. 730 [ as amended by PD 2004]. If there is any claim to this land, such claims must be filed at the Community Environment and Natural Resources Office, Malasag Heights, Cugman, Cagayan de Oro City on or before the date of Sale, otherwise, the said claim shall forever be barred. Cagayan de Oro City, November 9, 2011.

(Sgd.) JAN B. ACERO RTC Sheriff IV BWM Nov 21, 28 & Dec 5 BWM: NOV. 14, 21, 28, 2011

(Sgd.) ALDRICH S. RESMA OIC, CENR Officer


BusinessWeek MINDANAO

Congress.Watch

Oro solons seek death penalty for foreign drug traffickers TWO congressmen want to impose the death penalty on foreigners convicted of trafficking in drugs. The House committee on dangerous drugs has endorsed for plenary approval a bill seeking to mete out the punishment. Representatives Rufus Rodriguez of Cagayan de Oro City and his brother Maximo, who represents Abante Mindanao, authored Bill 4510, which aims to amend Republic Act 9165, otherwise known as the Comprehensive Dangerous Drugs Act of 2002. The law prohibits imposing the death penalty. “While the intention of Congress in passing the law was very clear and noble, many sectors of society

now believe that the law is not just and equitable,” the Cagayan de Oro lawmaker said. He said foreign drug syndicates are now establishing their area of operations in the Philippines because the penalty for drug trafficking is only life imprisonment. “They are emboldened to establish their drug facto-

ries in the country because if they are arrested and convicted, they only suffer life imprisonment, as compared to the maximum penalty that they may suffer in other countries, which, in the case of China, is death,” Rodriguez said. “ There is a need to amend our laws to ensure that foreign nationals

caught violating our laws on drugs will also be convicted with the harshest penalties that their national law imposes.” He said most foreigners caught trafficking in illegal drugs are Chinese nationals, who would most likely be put to death in their country for the same offense. He said while Elizabeth Batain, Sally Villanueva and Ramon Credo were executed in China for possessing large amounts of illegal drugs, most Chinese traffickers here are just deported. “There is no reason to question the laws of other nations,” he said. “The country’s laws however, must ensure that Filipinos do not suffer the short end of the stick.”

Nov 21-24, 2011

Plan... from page 2

governors and congressmen, the various non-governmental organizations, civilian volunteer organizations, Christian and Muslim religious leaders, and all concerned stakeholders to discuss the ARMM transition plan, including their respective roles in the implementation of the proposed new social and economic development projects in the region. Initially, the Department of Budget and Management has approved P5.8 billion - out of the P8.5 billion disbursement allocation fund – which is already on the pipeline, ready for use in the implementation by at least 10 national government agencies for various development projects in the ARMM. Based on records, the DBM has approved and allocated P756 million for the Department of Health; P2,037,824,00 billion for the Department of Social Welfare and Development; P750 million for the DILG; P24,650,000 for the Department of Science and Technology; P28 million for the Department of Trade and Industry; P510 million for the Department of Agriculture; P49,586,000 for the Depart-

House panel to probe 6 centavos fee being collected by the PCA Pal... THE House Committee on Ways and Means will conduct a motu proprio investigation on the basis of the 6-centavo fee being collected by the Philippine Coconut Authority on coconut products and by-products. In a recent hearing presided by Rep. Reynaldo Umali (2nd District, Oriental Mindoro), a committee vice chairman, panel members batted for the inquiry to determine the legality of the 6-centavo fee. The issue on the 6-centavo collection cropped up during discussions on the tax provisions of bills seeking to revitalize the coconut industry. Rep. Rufus Rodriguez (2nd District, Cagayan de Oro City) asked PCA administrator Euclides Forbes if the agency is still collecting coconut levy. Forbes said the PCA no longer collects coconut levy but the agency collects 6 centavos per kilo of processed copra from millers. He said the collection is used by PCA to augment its annual budget from the government. According to PCA deputy administrator Arturo Liquete, the 6-centavo PCA fee is assessed and collected on purchases and deliveries

of copra or husk nuts, or fresh coconut, matured nuts which are being bought by oil millers, exporters and other end-users. “The fee is not collected from farmers. It is collected from the processors and manufacturers of coconut products.” Liquete said the 6 centavos serve as Statutory Support Fund of the PCA. The fund started during the Philcoa years starting around 1954 and this was upgraded to 3 centavos per kilo of coconut product by virtue of PD 1854. Under the new Administrative Code, Liquete said all agencies were also to upgrade fees they were collecting. “So the amount was upgraded to 6 centavos then 9 centavos at present, the Governing Board of PCA upgraded it to 12 centavos per kilo of copra. This latest upgrading, however, has not yet been implemented because of opposition from the private sector. “So the PCA fee and levy are entirely different things. As far as our operations would say, we are operating on the basis of our corporate income coming from this fee we are collecting on the basis of PD 1854. We use our fee collection exclusively for the operations of the PCA which

include personnel and MOOE expenditures,” he said. He said the old coconut levy was imposed pursuant to several presidential decrees starting in 1973 with PD 276 and gradually the levy evolved into a higher amount pursuant to PD 906 and PD 1463. “These provided basis for the collection of the levy for the Coconut Stabilization Fund. The levy was eventually abolished in 1983. It is the controversial levy litigated in court,” he said. Rep. Emil Ong (2nd District, Northern Samar) said the Constitution explicitly provides that no taxes can be collected from agricultural products. “For administrative purposes, fee collection could be allowed. We have to distinguish between taxation and administrative fee. If that is charged per kilo of coconut product then that is taxation. It is also baloney to say the collection is not a burden to farmers because the fee can easily be passed on to farmers by the processor, copra buyer and copra oil mill owner.” Ong said he had a case before which was filed after martial law wherein he questioned the imposition of 10-centavos per kilo on the

buyer. The Supreme Court sustained him on the issue. “It is still a precedent. So definitely, on taxes on agricultural products, these can’t be allowed.” Asked by Rodriguez how much was the fee collection of the PCA for the past three years, Forbes said on a yearly basis, the collection could amount from P150 million to P270 million. Umali said the PCA should look into a matter as it could be a brewing issue because of jurisprudence on the matter, citing the SC decision on Rep. Ong’s case before. “If this is again questioned, then how will you pay back and cover the amounts you’re now using to augment funds provided in the General Appropriations Act?” As part of the inquiry, Umali said the committee will request the Department of Justice to make an opinion on the fee collection issue and for the Bureau of Internal Revenue to comment if it is a form of taxation or fee as interpreted by the PCA. Rep. Francisco Matugas (1st District, Surigao del Norte) said the committee will invite farmers groups and producers to give their views on the matter.

SM...

munity to flourish. Once a slum area, it has since been converted into a successful, fully functioning community. As the winner of the ICSC Foundation’s Community Support Award, SM Prime’s North EDSA mall will receive a US$5,000 donation to support their philanthropic cause. SM City North EDSA will also be eligible for the ICSC Foundation’s 2011 Albert Sussman International Community Support Award, which honors the best com-

munity support program worldwide. Established in 2006, the ICSC Foundation’s Community Support Awards is a worldwide awards program that honors corporate social responsibility and community efforts of shopping centers for charitable initiatives that enhance the communities the retail real estate industry serves. The ICSC Foundation is the non- profit charity arm of the International Council for Shopping Centers, the premiere global

trade association of the shopping center industry. Established in 1957, the ICSC has more than 55,000 members in over 90 countries including shopping center owners, developers, managers, marketing specialists, investors, retailers, and brokers, as well as academic and public officials. As the global shopping center industry’s trade association, ICSC links with more than 25 national and regional shopping center councils throughout the world.

from page 11

of the area. SM Prime Holdings President Hans T. Sy conducted a ceremony where each family received their new home. Overwhelmed by the joy of the recipients, Mr. Hans decided to extend his initial campaign and create an entire SM GK Village to benefit over 100 families. The campaign not only impacted the families who have received homes, but also allowed the com-

from page 4 for both business and leisure travel spawned by problems in the US and European economies. Going forward, IATA reports indicate more difficult times ahead for the airline industry as various countries continue to be plagued with economic uncertainty and costs are rising with not much room to increase yields.

Pancake... from page 4

restaurant outlets,” the firm added. Net other charges of P16.47 million for the nine months meanwhile decreased by 22.84% “due to recognition of delivery income and decreased interest expense,” it said.

9

ment of Environment and Natural Resources; P1,397,005,000 billion for the Department of Public Works and Highways; P80 million for the Department of Transportation and Communications; and P200 million for the Department of Energy. During the conference, Robredo spoke about the ARMM roadmap for governance; towards and enduring peace and inclusive development while Secretary Luwalhati Antonino, chief of the Mindanao Development Authority, spoke on the subject: Support to ARMM Reform Initiatives: An affirmative agenda for Mindanao peace and development. Secretary Teresita “Ging” Deles of the Office of the Presidential Adviser on the Peace Process delivered a “solidarity message” for all ARMM stakeholders while DILG Assistant Secretary Nariman Ambolodto discussed the proposed investment plan in the ARMM. The various NGOs, CVOs, Muslim and Christian religious leaders, on the other hand, held discussions on their strategy of engagement, including their role as “watchdogs” in the implementation of various projects in the ARMM.

Bukidnon...

from page 10 of Mr. Salusad disclosed that if things go well with the rebels that had just yielded, another group is willing to go down the hills to get back to the government. Accordingly, another group is willing to lay down its arms once the elder Saludar gets the support he is asking for the government. Benja m i n “Nonong” Salusad asked for a viable livelihood for his group and implementation of their ancestral domain claim as part of the negotiation for them to surrender. The elder Salusad had yielded to the government last year but later returned to the hills after the national government allegedly failed to give the support fund intended for the group.

RCBC Savings Bank A YGM Member

Member: Philippine Deposit Insurance Corp. Maximum deposit insurance for each depositor PhP 500,000.

www.rcbcsavings.com

AGORA BUSINESS CENTER A-one Business Center, Gaabucayan Agora Lapasan, Cagayan de Oro City Tel Nos. 231209799

It’s a newly opened branch, ready to serve you….. AVAIL OUR NEW PRODUCTS:

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CRESCENCIO AL C. COUNTIAN Business Center Manager

WISE SAVINGS ACCOUNT Passbook with ATM Free Accidental Insurance for Kids 14 yrs & below Offers discounts from tie up merchants

ART NOEL O. CABOTAJE Customer Service Head

ELAINE ANN T. CONFESOR

Senior Customer Relations Officer

ELITE CHECKING ACCOUNT Light as P 2.500 maintaining balance & initial deposit

GRETCHEN D. PANUGAN, CPA Customer Relations Assistant

JOHANIE A. MANGOMPIA Customer Service Assistant

DRAGON SAVINGS ACCOUNT It has tiered interests that let you earn more, as you save more.


10 Nov 21-24, 2011

MisOr•Today

BusinessWeek

MINDANAO

NorMin development plan highlights Laguindingan airport as ‘aerotropolis’ By PELETA ABEJO,Contributor

L

AGUINDINGAN, Misamis Oriental -The role of the Laguindingan Airport Development Project (LADP) in the expanded Cagayan-Iligan Corridor (CIC) will be that of an “aerotropolis” – the next major destination, in the country.

Ms. Eileen E. San Juan, director of VIP Hotel and Southland Events, is the newly-elected Assistant Secretary of the National Tourism Congress held at the PICC Manila last November 10-11, 2011.

2nd Tourism Congress expands membership By JOE PALABAO Correspondent

STAKEHOLDERS in the tourism industry in the country has expanded its reach with new members that now include individual tourism entrepreneurs and tourism-accredited establishments. It was noted during the 3rd Congress Membership Meeting of the recently concluded 2nd National Tourism Congress held in Manila attended by about 300 delegates from all over the country, that the new membership are expected to further give a boost to the country’s tourism industry. In previous years, based on the Implementing Rules and Regulations (IRR), membership participation was limited to hotel and restaurant associations like the COHARA, organizations and foundations like Promote CDO, travel and tours association, and associations of tour guides. Through resolutions, the 2nd National Tour-

ism Congress increased the number of Board of Trustees from nine to eighteen representing Luzon, Visayas and Mindanao. The Congress also created six tourism sectors: Accommodations, Tours and Travels, Transport via Air Land and Sea, Tourism Estates and Development and Meetings, Incentives, Conventions and Exhibits (MICE) being attended to by the different Regional Board of Trustees duly elected by the Congress to serve for two to three years. From Northern Mindanao-VIP Hotel and Southland Events Director Ms. Eileen E. San Juan was elected as Asst. Secretary and Trustee of the Congress during the 3rd Membership Congress meeting representing the Meetings, Incentives, Conventions and Exhibits (MICE) Sector. Ms. Eileen E. San Juan, is a pride from the Region to help promote the tourism industry and growth of Northern Mindanao and Mindanao as TOURISM/PAGE 8

FOR YOUR ADVERTISEMENTS PLACEMENTS CONTACT

This was highlighted by Regional Director Leon M. Dacanay, Jr. of the National Economic and Development Authority, region 10 (NEDA-10) when he presented the Northern Mindanao Area Development Plan (NMDP) to the SubCommittee on Land Use and Environment (SCLUE) of the Regional Development Council’s (DC-X’) Special Committee on the LADP. The presentation was done during the Laguindingan-Alubijid-Gitagum Cluster meeting at the Misamis Oriental Rural Electric Services Cooperative (MORESCO) 1 Training Center, here, last Nov. 16. Other key development

zones in the expanded CIC include the following: the Misamis Ecozones, the main center for industrial development which host most heavy and medium-scale industries. The Cagayan de Oro (CDO) Metropolitan Area as the regional capital and growth center with major infrastructure and capital investments and the Iligan Industrial Core (IIC) with heavy industrial manufacturing plants and the Lanao del Norte Development (LDND) Cluster as an agriindustrial center. Based on the commonality of resources, potentials and challenges, the region is divided into four spatial de-

velopment clusters (SDCs) focusing on their functional role to the region‘s and country‘s economy. SDC 1, which covers the western part of Misamis Oriental, eastern part of Lanao del Norte and the northern part of Bukidnon, leads the transshipment role of Region X and is geared towards realizing the CIC. The core development themes and strategic interventions are directed towards ensuring an investment-friendly climate, managing land use and more livable settlements, and enhancing integration and connectivity of key development clusters/zones within the expanded CIC. SDC 2, which focuses on capitalizing on the agrifishery and eco-cultural tourism endowments of Lanao del Norte and Mis. Occ., SDC 3 on boosting agri-business and eco-tourism ventures in Bukidnon and SDC 4 on harnessing the Gingoog-Camiguin tourism

adventure loop. Meanwhile, a Memorandum of Agreement (MOA) and Pledge of Commitment for an inter-agency cooperation on various concerns was entered into by the Local Chief Executives (LCE’s) of the municipalities of Laguindingan, Alubijid and Gitagum, all of Mis. Or. Included in the MOA is the establishment of a clustered sanitary landfill, implementation of an integrated approach on watershed management, adoption of an integrated coastal resource management plan, holistic food security program, responsive land use plans and zoning ordinances and urban greening program. Signatories of the MOA were some 50 participants including officials and staff of the local governments of Gitagum, Alubijid and Laguindingan and representatives of the member-agencies of the SCLUE, RDC-X Special Committee on LADP.

BUKIDNON TODAY

Buk’non guv assures livelihood, financial aid to NPA returnees By ANN NOBLE Bukidnon Bureau Chief

MALAYBALAY City – Gov. Alex P. Calingasan gave his assurance of government full support to a group of alleged New People’s Army rebels that yielded back to the fold of the law last week at the AFP’s 8th IB headquarters in Maramag, Bukidnon. During the program, Governor Calingasan lauded the local authorities for the peaceful negotiation that led to the surrender of the group. He said, the provincial government’s campaign for peace and order in Bukidnon proved to be successful as more peace initiatives are being undertaken to solve the insurgency problem in the province. The surrenderees will receive financial and livelihood assistance from the provincial government through its local integration program. Other benefits and privileges will still be determined by the AFP’s Joint Validation and Authentication Committee (JVAC). Native discrimination within the communist movement and lack of sustainable livelihood were main

NPA’s Benjamin “Nonong” Salusad turnsover his firearm to Bukidnon Governor Alex P. Calingasan as a sign of formally yielding back to the fold of the law. PHOTO BY ANN NOBLE

Bukidnon Governor Alex P. Calingasan (middle) and rebel surrenderee Benjamin Salusad (right in camouflage) with top military officials in the region and Bukidnon local executives in a souvenir shot after the Salusad group officially surrendered to the government. PHOTO BY ANN NOBLE

reasons for the alleged 80 New People’s Army (NPA) rebels to go down the hills and get back to the government. In an interview with Col. Romeo L. Gapuz, commander of the army’s 403d Infantry Brigade, the rebels that yielded to the government saw their situation going nowhere and felt discriminated within the communist movement thus the resolve to surrender. Mr. Benjamin Salusad aka Nonong, former commanding officer of Sangay sa Platon Pamproganda 3, Guerrilla Front 6 of the NPA said, its mostly the natives who were in the forefront and suffered most of the casualties during conflicts and yet nothing had changed in their situation since he joined the NPA 18 years ago. During the formal presentation of the NPA rebels to Governor Calingasan and to the military, the surrenderees clearly made it known how disgruntled they are of the system by chanting “enough with being used by the NPA”. The 80 individuals who claimed

to be with the communist movement yielded to the government and turned over at least 25 firearms and ammunitions. Operating for the NPA’s North Central Mindanao regional committee, the Salusad group covers the towns of San Fernando, Quezon and the city of Valencia according to Col. Gapuz. The Salusad group, mostly indigenous people from Bukidnon’s native tribes, composed of allegedly 31 regular NPA members and 49 mass-based who are called Militia ng Bayan. In an interview with a member that asked not to be named, 20 of the 49 mass-based rebels are minors and below 18 years old. Two of these minors aka Mike and Nalon said they are being used only as look outs and informants in their own settlements especially on presence of the military in their villages. A female surrenderee aka Nicole Apple who claimed to be an adviser BUKIDNON/PAGE 9


BusinessWeek MINDANAO

Billboard

Ororama to hold Fun Run for a Cause THIS Christmas season, Ororama Chain of Stores invites everyone to give back to the community by running for a cause this coming November 30, 2011. The event will serve not only as a chance to share your blessings this Christmas but also to promote fitness in the city. People of all ages will definitely enjoy the prizes and surprises at stake. To register in this fun run event, just visit any Ororama outlet in the city. Registration fees are: P150 for the 3K

run, P200 for the 5K run, and P250 for the 10K run. Each participant will receive a free running kit which includes a singlet and a baller. The starting point of the run will be at Ororama Cogon around 5 AM. There will be three categories included in the event: the 3 kilometer run, 5 kilometer run, and 10 kilometer run. In each category 10 participants will be hailed as winners. The first place winner for each category will receive the following prizes: P 3,000 for the

3K run, P 5,000 for the 5K run, and P 6,000 for the 10K run. All winners will also get a special gift pack from our sponsors. All the run for a cause proceeds will go to the Ororama Christmas gift giving party for the under privileged children on December 23, 2011 at the Gaston Park. This Christmas have your running shoes ready and don’t miss this opportunity to bond with your family and friends and help the under privileged children in our community.

Visit Ororama Chain of Stores: Ororama Supercenter Cogon branch located at Corner JR Borja & Mortola Sts. Cagayan de Oro City with Tel Nos. 72-4070/8573100/857-3098; Ororama Superstore Carmen branch located at Carmen Market Cagayan de Oro City with Tel Nos. 72-4551/724552/858-7336 or visit our website www.ororama.com; To get updates on our events and services you can like us on Facebook: www.facebook.com/myororama.

Nov 21-24, 2011

11

HOTELS RESTAURANTS Pryce Plaza Hotel

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

Hotel Koresco

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

tel. Nos. 858-9748 to 54, E-mail:hotelkoresco@yahoo.com

Mallberry Suites

Limketkai Drive ,CDO, Tel. No. [088]854-3999 / 854-7999 E-mail:info@mallberrysuites.com

Dynasty Court Hotel

Tiano-Hayes Sts. CDO, Tel. No. 726876 / 726962 / 857-5410 E-mail:dynasty@philcom.ph

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

Marco Resort Tel. No. 732182 / 855-220

VIP Hotel

A.Velez St. CDO, Tel. No. 726080 / 726590 / 856-2505 E-mail: info@theviphotel.com.ph

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

Cooking for family and friends I personally love to treat my family and friends to a very nice restaurant or to a home cooked meals .We love to talk over the table be it dinner or lunch or just for a snack where delightful and delicious meals are being served . Consider it as our bonding time. Cooking for my family and friends is one of my passions in life. It’s one

of my many ways of telling that I really love and care for them. I often spend time experimenting with new recipes and other glamorous dishes to please friends and family. I know that Mothers, Housewives or any individuals usually feel the burden of thinking on the kind of dish they are going to prepare and serve for their families,

that’s why we came up with a column so we could also share some of the recipes by Del Monte that are classic, sumptuous, yet inexpensive and easy to prepare. Recipes that are not only mouthwatering and delicious to taste, also healthful and nutritious. And I do hope that we could help bring good food and much pleasure to your table.

LIFE & Leisure

RECIPE: PORK CORDON BLEU SURPRISE Ingredients: 2 pc (l/2 kg) pork lomo (tender loin) 1 tsp liquid seasoning 1 can (234g) DEL MONTE Fresh Cut Pineapple Tidbits, drained (reserve syrup) 100 g cheddar cheese , sliced thinly 100 g cooked sweet ham slices 3 tbsp flour 1 tsp paprika 1/3 cup butter l/4 cup white wine 1 pc chicken bouillon cube 1 tbsp cornstarch, dissolved in ¼ cup pineapple syrup 1 pack (200ml) DEL MONTE Fruit salad cream

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 E-mail:i_agudo@hotmail.com

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

RIZA O. ARES

Procedure: 1. Slice each lomo tapa style into ½ cm thick pieces. Divide DEL MONTE FRESH CUT Pineapple Tidbits, cheese and ham into 2 portions. Arrange each half at the center of pork . Fold pork to close and fasten with toothpick. 2. Roll in flour-paprika mixture. Fry in butter until golden brown on all sides . Add wine and chicken cube. Cover and simmer over low heat fire for 20 minutes turning occasionally. Remove meat from the pan. 3. Mix cornstarch with Del Monte Fruit Salad Cream until smooth. Gradually stir into p[an . Cook over low heat , stirring constantly until thick . Pour over sliced pork. Makes 8 servings

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

Chali Beach Resort

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

Nature Pensionne

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

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

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

STUFF CHICKEN PARADISE Ingredients: 1 whole (1.2kg) chicken, cleaned 1 tbsp minced ginger 6 gloves garlic, crushed 5 pc (20g) shitake mushroom, soaked then sliced ¼ pc chicken bouillon cube 1 pack (125 ml) Del Monte Fruit Salad Cream 2 tsp cornstarch, dissolved in 1 tsp water Stuffing 1 medium onion, chopped 1 tbsp oyster sauce 1 cup cooked malagkit rice 1-1/2 tbsp butter 1 can (234 g) DEL MONTE Fresh cut Pineapple Editor’s note: Ms. Riza Ares, has over 18 years of experience as a Marketing Consultant in one of the local newspapers. She continues her persuasive prowess by joining Business Week Mindanao, the Local Online Business paper. Being a graduate of Associate in Hotel and Restaurant Management, this advertising goddess will share not only her experiences in the kitchen but also anything under the sun through her enticing “Lifestyle Column”. For suggestions, email Riza at rizaares.bwm@gmail. com

tidbits, drained (reserve syrup) 1 stalk leek, sliced Procedure: 1. Make shallow cuts at the back and sides Of chicken. Rub all sides including inside cavity with ginger and garlic. Season with ½ tsp iodized fine salt (or ½ tbsp iodized rock salt) and ½ tsp pepper . Marinate in pineapple syrup for 30 minutes . Drain reserve marinade. 2. Stuffing: Saute onion, oyster sauce and rice in butter for 2 minutes . Stir in DEL MONTE fresh cut pineapple tidbits , leeks, salt and pepper to taste . Mix well. Set aside. 3. Stuff the chicken with rice mixture, seal opening by sewing or use toothpick. Tie the chicken to hold the shape. Roast in turbo broiler at 169˚C for 40minutes, turning once. Brush with butter on the last 10 minutes of cooking . Reserve dripping. Transfer to casserole. 4. Add drippings, marinade, mushrooms, bouillon, ¾ cup water and salt to taste . Simmer over low fire for 30 minutes, turning once. To the sauce, add DEL MONTE Fruit Salad cream and cornstarch. Simmer until thick. Pour over chicken.

LOT FOR SALE BEACH HOUSE

Baloy, Cagayan de Oro City

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


Tidbits

12 Nov 21-24, 2011

SM Prime wins ICSC Foundation award, marketing citations SM Prime Holdings was recently awarded the 2011 Asia Community Award by the International Council for Shopping Centers Foundation for its Breaking the Poverty Chain campaign during the recent ICSC Recon Asia conference in Shanghai, China. During the event, the ICSC Foundation also awarded the John T. Riodan Professional Education Scholarship to Chivas Allejo of the SM Supermalls Leasing Division. Likewise, SM Prime received two citations for the Asia Pacific Shopping Center Awards for two marketing programs: for My City, My SM in the Public Relations category and for Global Pinoy in the Cause Related category. The Breaking the Poverty Chain campaign, which was held in time for the 25th Anniversary of SM City North EDSA, SM Prime’s first mall, was a partnership with Gawad Kalinga to build 25 homes for poverty stricken families. Volunteers and employees of SM City North EDSA mobilized to create a community that would change the quality of life for the 25 families, and at the same time boost the demographics SM/PAGE 9

BusinessWeek Nanuri International School invites you to the Educational Dimensions Olympiad “The Search for NIS Scholars” S.Y. 2012-2013 is going on. The EDO is open to all Grades III to VI pupils and High School students only. If you want to be a scholar of the only international school in Mindanao accredited by the East Asia Regional Council of Overseas School (EARCOS), Contact us at 309-3000, 309-3002, 09358588321 or feel free to visit Nanuri International School at Taguanao, Indahag, Cagayan de Oro City. Entrance Exam is at 8:00 A. M. to 3:00 P.M., Mondays through Fridays.

NANURI International School invites you to 5th Inter-school Spelling Bee Competition

Part I: Registration (9:00am-12:00nn) International Costume Parade – NIS Drum Corps Opening Program (11:00am-12:00nn)

ICSC Awarding Ceremonies. ICSC President and CEO Michael Kercheval presents the ICSC Foundation 2011 Community Support Award to SM Supermalls President Annie Garcia and Regional Operations Manager Architect Renee Bacani during the ICSC Awarding Ceremonies held at the Recon Asia conference in Shanghai, China. Also shown in photo are: (from left) SM Leasing Manager Mr. Chivas Allejo, recipient of ICSC Foundation’s John T. Riordan Professional Education Scholarship; SM Vice President for Marketing Millie Dizon and Regional Marketing Manager Richie Gonzales with Asia Pacific Awards with citations for the My City, My SM and Global Pinoy programs, respectively.

A. Invocation Philippine and Korean National Anthem

Services 741

B. Words of Welcome TOEFL Professor, Marketing Director

Dr. Derek Allen

C. Intermission Number D. Inspirational Messages Mountain View College President

Kagay-an Performing Arts Dr. Daniel Dial

E. Intermission Number NIS F3

Mountain View College

F. NIS Video Presentation Sponsors G. Presentation of Participants, Coaches, proctors, and Staff

School Activities

NIS Drum Corps

HIGHLIGHTS! • Spelling Bee Showdown • Korean Fan Dance • Prizes Part II: Open Oral Spelling Bee Showdown (12:20-1:30) • Intermission Number

FN

Part III:Spelling Bee Competition Proper (2:00pm-5:00pm) • Presentation of Judges and the Quizmaster Ms. Blezy Daayata • Reading of Contest Guidelines and Mechanics A. Contest Proper • • • • •

NANURI holds By RIZA O. ARES

Easy Round Average Round Difficult Round Clincher Round Oral Round ****** Appreciation to Sponsors ****** ******** Awarding Ceremony ********

B. Intermission Number C. Awarding of Winners D. Giving of Plaque Of Appreciation

Fan Dance Pastor Choi Young Yun School Director

Assisted by: Dr. Juliet E. Fancubit School Principal Dr. Derek Allen TOEFL Professor Marketing Director E. Closing Song One Voice Spelling Bee Quizmaster: Mrs. Sarah Decelyn R. Gauzon Masters of Ceremony: Ms. Michelle Recente Ms. Diosyjeanne Simyunn

N

ANURI – A Korean word which means “sharing”. This word embodies a primary mission of the school: Empowering student leaders physically, mentally and spiritually for the expressed purpose of sharing these talents with others. This brain-twisting activity will be participated in by 81 private and public schools in the city of Cagayan De Oro. Each school will have three representatives

from Grade IV, V, and VI with one coach. The Quizmaster for this competition will be Sarah Decelyn R. Gauzon, Associate Professor – Language Department, School of Liberal Arts, Mountain View College, Valencia City, Bukidnon. The Chairman of the Board of Judges will be Mr. Freddie Famador-Chief, Elementary Education Division of DepEd Region 10, Cagayan De Oro City.

Members of the Board of Judges will be Erlinda G. Dael, Ph. D., ES I – English Department of Education Division of Misamis Orien-

tal and Mrs. Lita B. Murillo ES-I Private School Coordinator, DepED Region 10, Division of Cagayan De Oro City.

“A Perfect Time for a Spelling Showdown” SPONSORED BY:

SM

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