BusinessDaily (August 15, 2013)

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As of 5:58 pm AUG. 14, 2013 (Wednesday)

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Briefly ‘Buy Pinoy’ THE 25th Buy Pinoy Exporters Trade Fair opens this week to promote entrepreneurship and economic patriotism.

Marlane Villa-Real, president of Buy Pinoy Movement Foundation Inc. (BPMFI), said the fair, slated on August 15-18 at the Megatrade Hall 1 and 2 of SM Megamall, is especially mounted this year to celebrate its 25th edition.

Expected are institutional buyers, local government officials and employees and private sector to participate in the event so they could appreciate first-hand what local entrepreneurship can do to their respective localities. To develop more entrepreneurs in the country, teachers, children and the youth are likewise invited.

Exports rebound THE National Economic and Development Authority (NEDA) said the Philippines is one of the few Asian economies to register positive growth in exports in June this year, with value of outward shipments growing by 4.1 percent from last year.

This statement came after the National Statistics Office reported that the value of exported goods and services reached $4.49 billion in June 2013, which is higher than the $4.31 billion in June 2012.

Secretar y of S o c i o e c o n o m i c Pl a n n i n g Arsenio M. Balisacan noted that most Asian economies registered contractions for the said period, including Japan (-12.4%), Malaysia (-6.0%), Indonesia (-4.1%), T h a i l a n d (- 3 .4%), C h i n a (-3.1%), Singapore (-1.5%), and Korea (-1.0%).

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Exporters warn new wage hike unrealistic Cagayan de Oro City

T

Thursday

August 15, 2013

By IRENE DOMINGO, Reporter

HE largest association of exporters in the country has warned that any move to increase workers’ daily wages at this time could result in massive job losses and lost investments.

EXPORTERS are against new petitions for a minimum wage hike and an acrossthe-board wage increase, noting this could result in massive job losses and lost investments.

PHILEXPORT President Sergio Ortiz-Luis Jr., in a letter to Regional Tripartite Wages and Productivit y Board chairperson Atty.

Alan Macaraya, said that another round of pay hike will undermine the viability of most enterprises in the

country, particularly the micro, small and medium enterprises (MSMEs).

“An upward adjustment in the minimum wage is the last thing that business, pa r t ic u la rly st r u g g l i ng MSME-exporters need at this very difficult time, as it will adversely impact on their ability to sustain their operations and preserve jobs of their workers,” he said.

Cit i ng gover n ment data, Or t i z-Lu is sa id hike/PAGE 11

NO TAKERS. Three Mamanwa women sell native products on the sidewalk along Borromeo Street in Surigao City. mindanews photo by roel n . catoto

BusinessDaily associate editor wins Rufus fumes as signatures coveted Siemens Green Tech Award forged in PDAF documents BUSINESSDAILY Associate Ed itor M ACH A lber to “Bong” D. Fabe has added another prestigious award in his long-list of distinctions as a prolific writer, this time as the lone country winner for the coveted Siemens Green Technology Journalism Award (SGTJA) 2013 second edition.

Fabe joined six other journalists from Australia, Indonesia, Ma laysia, Singapore, Thailand and Vietnam recognized for “their exemplary media reports on issues relating to how the application of green

By IRENE DAYO, Reporter

CAGAYAN de Oro’s second district Rep. Rufus Rodriguez yesterday expressed his disgust that his signatures were allegedly forged in documents dragging his name in the controversial Pr ior it y Development Assistance Fund (PDAF)

scam.

This develops as t he outspoken Rodriguez assured the Department of Justice that he will submit himself to the ongoing investigation involving several lawmakers f rom bot h Houses of forged/PAGE 11

BusinessDaily Associate Editor Mach Alberto “Bong” Fabe

technolog y is providing answers to the challenges of megatrends like climate

c h a n ge , d e mo g r aph ic change, globalization and Wins/PAGE 11

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2 ‘Buy Pinoy’ exporters fair promotes Koronadal is PHL’s 6th entrepreneurship, economic patriotism most competitive city thursday - august 15, 2013

KORONADAL CITY—Being

institutions.

The 25th Buy Pinoy Exporters Trade Fair M a rl a ne Vi l l a-R e a l , Villareal said that for named among the country’s Other indicators used opens this week to promote entrepreneurship president of Buy Pi noy the past ten years, the fair, most competitive city is an were governance efficiency Move me nt Fou nd at ion held twice a year, had been honor for the Koronadal City covering transparency and and economic patriotism.

Inc. (BPMFI), said the fair, slated on August 15-18 at the Megatrade Hall 1 and 2 of SM Megamall, is especially mounted this year to celebrate its 25th edition.

Expected are institutional buyers, local government officials and employees and private sector to participate in the event so they could appreciate first-hand what lo c a l ent re preneu r s h ip can do to their respective localities. To develop more entrepreneurs in the country, teachers, children and the youth are likewise invited.

providing inspiration and hope to many Filipinos by showing them products of Filipino originality, artistry, craftsmanship and industry that have growing demand in the world market.

Leonor D. Abella, Vice President for Promotions of the Philippine Exporters Confederation, Inc. (Philexport) and Trustee, said that apart from job generation, the fair is also key to a sustainable anti-poverty program as it promotes skills upgrading, training and PROMOTES/PAGE 11

government and residents, said Mayor Peter Miguel.

Koronadal City ranked sixth in the First Cities C omp e t it ivene s s I nde x released by the National Competitiveness Council (NCC) on July 30, 2013.

“I a m a lso elated by the fact that in the entire Philippines, we are second to Quezon City on the economic dynamism index,” Mayor Miguel said.

Economic dy na mism measures business registration f igures, employment, and financial

accountability, public finance, performance recognition, business responsiveness, and basic government services, and infrastructure as well as infrastructure measured through road networks, basic uti lities, and registered vehicles.

“What is great about this recognition is that this is not a contest,” he said. “We did not even prepare anything for any evaluation by the council.”

This also implies that the local government unit in on COMPETITIVE/PAGE 11

MATI CITY—Members of the League of Municipalities (LMP) in the province of Davao Oriental (DavOr) vowed to support the priority de velopment prog r a m s of Governor Cora zon Malanyaon.

LMP-Davao Orienta l President and Governor Generoso Municipal Mayor Vicente Orencia, together with the local executives in the province, recently signified their commitment to forge a solid partnership

with the provincia l government, and back its plans and programs in their respective towns.

As t his developed, Malanyaon expressed her gratitude to the support of the mayors, and vowed to fast-track the implementation of various priority projects in each municipality that will focus on agriculture, health, environment, peace and development, and ecotourism.

The governor stressed that

the provincial government, together with the respective planning officers of each town, would sit down for a consultation planning to design a scheme that would fast-track the implementation of the programs and services.

She also emphasized the need to alleviate the poverty incidence in Davao Oriental, by implementing various agri-industry projects that are expected to help spur economic activities in the localities.

The governor also urged t he mayors to help her administration to encourage the farmers in their respective towns to venture into the intercropping of coconut and cacao.

“The provincial government has already made tie-ups with the interested companies that are willing to engage in this investment opportunity,” Malanyaon added.

For his part, Orencia said BACKS/PAGE 11

LMP-DavOr backs dev’t programs

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RealEstate

Real estate, banking units drive Ayala’s Jan-Jun profit AYALA Corp. (AC) reported on Tuesday that earnings in the first six months of the year rose by a fifth driven by its property and banking units.

I n a s t atement , t he country’s oldest conglomerate said it netted P7.3 billion in the January to June period, higher than the P6.08 billion a year ago.

Excluding the impact of the accelerated depreciation as a result of the network modernization of Globe Telecom, AC’s core net income rose at a faster pace

of 42 percent to P8.9 billion in the first semester from P6.2 billion a year ago.

The conglomerate attributed the improvement in income to the strong growth of Ayala Land Inc and Bank of the Philippine Islands (BPI), as result of its increased equity stake in the latter. Higher earnings at Manila Water Services Inc and improved performance of business process outsourcing (BPO) u n it L iveIt a lso boosted profits during the period.

At end-June, AC’s equity

earnings went up by nearly a quarter to P9.5 billion from P7.7 billion, while c o n s o l i d a t e d r e v e nu e s likewise increased 21 percent to P74.6 billion from P32.95 billion in 2012.

“The first half broadly turned out as expected as we sustained growth momentum across our key businesses.

Our core businesses made g reat st rides in g row t h and expansion while our internationa l businesses continued to improve,” said Fernando Zobel de Ayala, AC profit/PAGE 10

Property businesses push up Robinsons Land earnings EARNINGS of Gokongweiled Robinsons Land Corp (RLC) climbed by nearly a tenth in the third quarter of its fiscal year on the strength of its shopping mall and residential businesses.

In a regulatory filing, RLC said its net income attributable to equity holders advanced nine percent to P1.21 billion in the April to June period from P1.11 billion in the same threemonth period a year ago.

RLC’s fiscal year ends on September so the April to June period coincides with its third quarter.

The company netted P3.65 billion in the nine-month period ending June, or 8.8 percent higher than the P3.36 billion in 2012.

Revenues jumped 35.5 percent to P4.45 billion in the third quarter from last year’s P3.30 billion, pushing its nine-month topline by 23.1 percent to P12.40 billion

from P10.08 billion last year.

In the nine months ending June, the commercial centers division generated P5.47 billion in revenues, up 15.7 percent from a year ago, buoyed by higher rental income in its malls in Metro Manila.

Revenues of the residential d iv ision ex pa nded 42 .8 percent to P4.71 billion from P3.30 billion last year on stronger sales. earnings/PAGE 10

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More consumers fail to pay real estate, car loans in first half AS banks grant more loans for the purchase of cars and real estate, the amount of consumer debt that has gone unpaid picked up in the first quarter, the Bangko Sentral ng Pilipinas (BSP) said today.

In a report, the BSP said consumer loans issued by t he countr y’s universa l, commercial and thrift lenders rose 14.8 percent to P647.1 billion at end-March from P563.8 billion a year ago.

The increase was fueled by more cred it for t he purchase of motor vehicles and residential property, the BSP said.

“The increase in consumer lending to auto, residential rea l estate a nd ot her consumer loans in March this year can be attributed to favorable macroeconomic condition and continued inflow of dollar remittances,” the BSP said.

With more consumers taking out loans, the amount that turned sour likewise rose 4.9 percent to P40.276 billion this year from P38.382 billion last year. Bank provisions for probable losses also slipped 1.41 percent from P28.047

billion to P27.651 billion in 2012.

Non-performing consumer loans accounted for nearly a third of banks’ total amount of soured loans, but consumer credit made up only 16.47 percent of lenders’ total loan portfolio.

This is lower than in Malaysia where consumer credit comprised half of

total outstanding loans, or in Indonesia where the amount owed by consumers is nearly a third of the total loans issued by banks.

The BSP said it is closely monitoring bank exposure to consumers. “Maintaining high credit standards is key to mitigating systemic risks and to keeping financial stability,” it added.--InterAksyon

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BFAR-Caraga Impasug-ong professionals advice LGU Set to launch FishR in Butuan to focus on agriculture, not mining

By Walter I. Balane

A cabbage farm in Sitio Intavas, La Fortuna in Impasug-ong Bukidnon. Most of town, like the rest of Bukidnon is dedicated to agriculture.

M A L AY BA L AY CIT Y—T he mu n icipa l government of Impasug-ong in Bukidnon should dedicate its time and resources on helping improve and modernize agriculture rather than push for mining, which only benefits a few while it puts the environment to high risk.

This was the advice given by the Task Force Against C or r up t ion ( T FAC), a group of professionals from various sectors, including academe, non-government organizations and churches based in the municipalities of Impasug-ong and Sumilao.

Dr. Wilfredo Martinez, of TFAC, said during the recent ly held ba ra ngay consultation in the villages of Impalutao and Capt. Bayong that the mining proponents stressed the advantages like economic and livelihood opportunities using the outfit of cooperatives.

But he s a id m i n i ng opportunities benefit only a few, including their local benefactors, while mining has a big impact on the environment.

About 2,000 hectares of land in barangays Impalutao Capt. Bayong in Impasug-ong are being eyed as “people’s mines” or “Minahang Bayan.”

Martinez said the focus should be on agriculture, where many of the town’s residents depend on.

Mining proponents also cited that they will set up local mechanisms to protect the environment with the local legislation’s implementing rules and regulations. The Municipal Environment and Natural Resources Office (MENRO) told those who attended the consultation on August 3 there is a need to strengthen local policies on mining if the declaration pushes through.

Former Mayor Joy O k i n l a y, i n c u m b e n t councilor and wife of current Mayor Mario Okinlay, said t hey w ill follow zoning classifications, adding there will be zones for tourism, agriculture, and mining.

She belied reports the ongoing small scale mining operat ions in t he tow n destroyed the Tagoloan River that traverses barangays of the town. She instead blamed agricultura l plantations operating in the area to have allegedly polluted the river.

Eutropio Jamilo, of the environmental desk of the Diocese of Ma layba lay,

NFA assures ample rice supply for lean months

Insect infestation threatens coconut industry in Basilan

MALAYBALAY CITY—The National Food Authority (NFA) here assured t he public that there is ample supply of commercial rice and affordable government rice in all public markets, while dispelling fears that there is rice shortage due to the effects of lean season.

NFA Bukidnon Manager Victoria Real-Duray said there is price increase in commercia l rice during the months of July, August, a nd September because this is planting season, and traditionally, rice traders take advantage of this lean harvest time of the year to rake in more profit.

She suggested that local residents should patronize government rice sold at only P27 per kilo in selected public market stalls, instead of bu y i n g h i g h-pr ic e d commercial rice.

At present, market retail price of commercial rice in the province ranged from P36 to P42 per kilo while the special well-milled rice went up from P43 to P45 per kilo.

“The price increase will only be temporary because of the nature of the season.

NFA, however, is prepared nfa/PAGE 10

ISABELA CITY, Basilan— Scale insect (Aspidiotus Dest r uc tor Sig noret), a soft-bodied 5mm long fluidfeeding insect is invading the coconut plants and other palm and fruit trees in the city posing threat to farmers’ livelihood and the coconut industry.

Rudy B. Corsame, officerin-charge of the Philippine Coconut Authority (PCA) in Isabela City, revealed that as of July 15, 15 barangays have been affected by the pests.

Hardest hit was Barangay Lanote with 2,519 coconut trees affected, followed by Maligue, Cabunbata, and Lumbang.

PCA data show the 15 bara ngays have 702,956 coconut trees and 5,975 of these are infested with the scale insect. The data also show the pest also attacked 1,170 ornamental plants, 382 lanzones trees, and 21 mango trees.

PCA fears that more trees are affected, as 11 other barangays, namely, Calvario, Tabiawa n, Pa nu nsu la n, Begang, Busay, Binuangan, Sumagdang, Kumalarang, Kapayawan, Balatanay, and Makiri are already affected.

T h e Regional

bla med m i ni ng for t he pollution and destruction of the Tagoloan River.

T he M E N RO vowe d to create a loca l polic y covering mining to protect the environment and the residents.

But Martinez said the IRR or the local policy won’t be enough to prevent the impact if mining operations are already on the roll.

Mayor Ok i n lay told reporters earlier he is behind the proposed declaration of the “Minahang Bayan” in the town. He said he has left deliberations on the proposal at the Sangguniang Bayan, which is spearheading

Development Council in Region 9 (RDC-9) also got alarmed at the infestation, k nowing the magnitude of damage it caused to the coconut farmers of Batangas.

Regional Director Noemi B. Edaga of the Philippine Information Agency (PIA)-9 disclosed that the RDC had come up with a resolution asking the agency to help conduct a massive information campaign about this pest.

Du r i ng t he reg iona l technical briefing conducted recently in Zamboanga City to PIA personnel by PCA a nd t he Depa r t ment of Agriculture (DA), Edaga explained that “a massive information drive requires some budget which t he agency has no funds for the

consultations in barangays Bayog and Impalutao, two of the town’s 13 villages.

“If the national government is supporting the ‘Minahan ng Bayan,’ why don’t we in the local g o v e r n m e nt? ” h e t o l d reporters who covered the 40th anniversar y of the founding of the Army’s 403rd Infantry Brigade in Camp Osito Bahian here. He was among three mayors present in the occasion.

Okinlay said the small scale mining projects to be done in the Minahan ng Bayan will be implemented by cooperatives of farmers, including the indigenous

people (IP).

He d e n ie d t h at t he declaration of the Minahan ng Bayan will jeopardize the environment and its people.

“There will be a plan of gradual implementation of mining activities,” he added.

He said he doesn’t see a problem with the declaration even if the municipal council has declared the town as Bukidnon’s tribal capital.

“The cooperatives to operate t he m i nes w i l l include IPs,” he added.

During the consultation in Brgy. Impalutao, Councilor Raymundo Gante, chair of the municipal council’s laws and advice/PAGE 10

BUTUAN CITY—The Bureau of Fisheries and Aquatic Resources (BFAR) Caraga is set to launch the Municipal Fisher fol k Reg ist rat ion (FishR) on August 19-20 at the Almont Hotel’s Inland Resort, this city.

The bureau is currently implementing the Municipal Fisher fol k Reg ist rat ion throughout the country to meet the requirement under the Fisheries Code of the Philippines.

BFAR-Caraga Regional Director Nerio Casi l bared that the bureau will develop a nd i mplement said program nationwide in close partnership with the local government units, particularly all the coastal cities and municipalities.

“FishR will make use of the database of fishers collected by the Department of Budget and Management (DBM) through the National Statistics Office (NSO) as part of the Registry System for Basic Sector in Agriculture (RSBSA),” said Casil.

Also, the data will be used by the local government units and BFAR to design programs for sustainable f isheries production, conservation of biodiversity, and improvement of the lives of municipal fisherfolks.

A press conference with local media partners in the region will also be held at the same venue. (PIA)

Higher palay, corn yield expected in 2nd half

THE Philippines expects higher palay and corn production in the second half of the year because of expanded harvest areas and better yield resulting from increased government interventions in all rice and corn producing regions.

In its latest forecast, the Department of Agriculture’s Bureau of Agricultural Statistics said the probable palay production for July to December 2013 was at 10.46 million metric tons, or 3.1 percent higher than last year’s 10.14 million MT. Harvest area for the period may expand by 2.3 percent to 2.72 million hectares, from 2.65 million hectares in 2012.

Yield may increase by 0.8 percent, from 3.82 MT to 3.85 MT per hectare.

Based on standing crop, the July-September 2013 production may decline by 8.4 percent from 3.60 million MT in 2012 to 3.30 million MT. Harvest area may shrink purpose.” Thus, she asked the by 8 percent, from 947,000 hectares in 2012 to 871,00 PCA to fund the campaign. hectares this year. Yield may decrease by 0.4 percent from The PCA agreed to “study 3.80 MT to 3.78 MT per hectare. the matter.”

Based on farmers’ planting intentions, the October Moreover, PCA-9 also to December 2013 production, harvest area and yield pre s e nt e d it s pl a n s to are expected to grow by 9.4 percent, 8.1 percent and 1.3 address the situation. At percent, respectively. its level, PCA field offices “Except Northern Mindanao, all regions are foreseen to have already started to alert increase their production. Farmers are optimistic to plant coconut farmers about the due to interventions by the Department of Agriculture infestation, especially in (DA) and local government units such as the Balik Binhi/ Isabela City and made initial Seed Banking, Sikat Saka, and crop insurance,” the bureau documentation on the extent said. of the infestation in the In the first half of 2013, palay production reached 7.997 region. million MT, or 1.3 percent higher than the 7.891 million PCA-Isabela City had MT output in 2012. a lso gat hered ba ra ngay Palay production for 2013 may reach 18.45 million MT, chairpersons and selected 2.3 percent higher than the 18.03 million MT output in kagawads of the 15 barangays 2012 – attributable to the expansions in harvest areas and affected by the pest last Aug. 1 improvement in yield. to formulate plans to address However, this year’s total palay production remains the problem and control the lower than the 20.04 million MT target set by the National spread of infestation to other Rice Program. barangays and neighboring For corn, this year’s total production may reach 7.375 threatens/PAGE 10 higher/PAGE 10

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Bigger 2014 budget for infra to hasten inclusive development

By Edu Lopez

THE government is stepping up its efforts to remove constraints to inclusive development by allocating P399 billion for public infrastructure projects in 2014.

Rural banks: Strong proponent of mobile banking

MOBILE banking has grown tremendously over the last five years, thanks mainly to the efforts of rural banks.

Based on the Philippines report of the Bangko Sentral ng Pilipinas (BSP) to the Regulatory Environments to Promote Financial Inclusion in Developing APEC (Asia-Pacific Economic Cooperation) and Other Regional Economies forum held in Melbourne, Australia recently, over 56 rural banks are now engaged in electronic banking—mostly mobile banking utilizing electronic money or e-money— from totally zero in 2005.

The report, titled “Regulation and Supervision of Innovative Models for Financial Inclusion: The Philippine Experience,” noted that in 2011, there were over 150 million e-money transactions amounting to more than P535 billion. With the way mobile banking has flourished in the country even in rural areas, this figure is expected to have significantly increased two years hence.

As an e-money issuer, local banks as a whole employ more than 12,000 agents. This huge agent network, which is still continuously expanding especially in rural banking/PAGE 10

Socioeconomic Planning Secreta r y a nd Nat iona l Economic and Development Authority Director General A rsen io Ba l isac a n sa id the budget is 35-percent more than the P295 billion appropriated this year for infrastructure development.

“The dramatic surge in infrastructure spending next year will lower the cost of transpor ting goods and people, support agricultural productivity, reduce risks from disasters, and generate economic investments and employment. The proposed projects w i l l u ltimately benef it t he poor a nd vulnerable sectors,” said Balisacan.

Most of these projects will support the government’s Transport Infrastructure De velopment Prog ra m, which is a P180-bi l lion

c onve r ge nc e i n it i a t i ve led by t he Depa r t ment of Tr a n sp or t at ion a nd Communication (DOTC) a nd s upp or t e d by t he Departments of Public Works and Highways (DPWH), Agriculture (DA), Science and Technology (DOST), and Metro Manila Development Authority (MMDA).

“The overall allocation of P399 billion is about three percent of our gross domestic product (GDP) target for 2014. By 2016, planned infrastructure spending will amount to about PhP820 billion, or approximately five percent of GDP,” said Balisacan..

A s t h e g ove r n m e nt prepa res to meet t he greater demand for sound and economically viable projects in the coming years, Balisacan said the proposed

2 014 n a t i o n a l b u d g e t earmarked a P400-million special purpose fund for the preparation of feasibility studies on infrastructure.

“Because of the urgency to implement infrastructure projects, we need to speed up the project cycle without sacrificing quality. We want the government to have the f lexibility to initiate the preparation of feasibility studies, so we can accelerate project implementation,” said Balisacan.

“With this fund, we need not depend on donor-driven feasibility studies. We can ultimately find the cheapest source of financing that best serves the interest of the Philippine government.”

B a l i s a c a n c it e d t h e 2012 Official Development Assistance (ODA) portfolio rev iew repor t, which identified start-up delays and high cost overruns as among key issues in implementing ODA-funded projects. NEDA hasten/PAGE 10

GIR increases BSP reviews banks’ capital raising Tetangco: to $82.9B in July THE Bangko Sentra l ng Pilipinas (BSP) is assessing t he ba n k i ng i ndu st r y ’s capitalization requirement under Basel 3 norms and would like to know how banks will treat equity and reserves.

“We are about to have discussions with the UCBs (universal and commercial banks) and examine their (proposed) capital decisions,” re ve a le d B SP a s si s t a nt governor Johnny Noe Ravalo.

“We will discuss with t hem t he met hod of capitalization and treatment of capital (risk assets),” said Ravalo. “Basically we want to be sure that the banks are in good shape moving forward with all of the reforms in the region and global economy.”

It is crucial at this stage to know the capital decisions of the major banks, said Ravalo. “(The treatment of capital) these are all in play,” he added. The industry has six months more to prepare before January 2014 when the Basel 3 framework will be in placed, requiring them to adhere to stringent capital ratios and set up buffers to improve the ability to absorb losses.

“Theres a lot of work being done on f inancial stability (and) for the Basel Accord there’s still several parts of the framework that we need to work out,” said Ravalo.

The BSP at the start of the year has been working w it h t he World B a n k , specifically the International Finance Corp., on developing Ba sel 3-compl ia nt debt instruments. The set of upgraded core principles

of the Basel Accord calls f o r q u a l i f y i n g c a pi t a l i nst r u ment s u nder t he risk-based capital adequacy framework for banks and quasi-banks.

Debt insTruments under Basel 3 are sub-debt with loss-absorbency features.

The loss absorbency feature will be adopted for hybrid tier 1 as it must have a provision that requires the instrument to be eit her written off or converted into common equity upon the occurrence of a trigger event as determined by the BSP. I n Ja nu a r y t he B SP issued Circu lar No. 781 implementing the guidelines for the full adoption of a set of minimum capita l requirements under Basel 3. The circular will take effect January 1, 2014.

The BSP has a lready approved the implementing guidelines of the circular last December specifically on the revised risk-based capital adequacy framework on the minimum capital and disclosure requirements under Basel 3 rules.

T h e B S P ’s B a s e l 3 guidelines which will be applicable to all universal a nd com merc ia l ba n k s and their subsidiary/quasibanks introduce a capital

Banks told to use more secure ATM technology THE Bangko Sentral ng Pilipinas (BSP) approved a new regulation requiring all BSP-supervised financial institutions to adopt higher data encryption standards for all automated teller machines (ATMs) in the country and to shift to ATM cards with more security features.

The policy-setting Monetary Board of the BSP approved in Resolution 1286, dated August 1, 2013, the issuance of an enhanced information-technology risk management (ITRM) framework, which updates existing IT-related guidelines in the Manual of Regulations for Banks (MORB).

“Consistent with international standards and best practices, the enhanced ITRM framework is expected to strengthen the management of risks, security of operations and governance on IT-related activities, as well as reinforce regulations on consumer protection on electronic products and service by tackling the growing number of new and sophisticated technological threats,” the BSP said.

The regulation requires the entire ATM network in the country to adopt the end-to-end triple data encryption Told/PAGE 10

BANGKO Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said that the country’s gross international reserves (GIR) rose to $82.9 billion at the end of July, from $81.3 billion in May. Tetangco told reporters that they will keep the $86 billion GIR projection for this year but that foreign exchange accumulation is market driven.

“We are sticking to our numbers but we review these from time to time,” he said.

BSP Deputy Governor Diwa C. Guinigundo said the reserves were higher from the foreign investments handled conservation buffer of 2.5 by the BSP and other factors such as remittances from percent made up of common overseas Filipinos which remain strong. equity tier 1 or CET1 capital. “The GIR level improved because of the usuals -In addition, banks which remittances and the inflows,” said Guinigundo who was issued capital instruments also present during the DBCC hearing. from 2011 will be allowed to GIR are foreign assets and reserves maintained by the count these instruments as central bank. It includes foreign investments, remittances, Basel 3-eligible until end- exports, foreign direct and portfolio investments.

The BSP is also maintaining gold reserves, special 2015.

Thrift banks and rural drawing rights, and reserve position in the International banks will have its own set Monetary Fund. of Basel 3 guidelines but It is costly for the BSP to accumulate US dollars because the set of requirements for of losses due to foreign exchange fluctuations but a healthy qualifying capital will be reserves buffer is required as defensive position against BSP/PAGE 10 potential external shocks. (MB)

Exports surge 4.1% in June THE Philippine merchandise export has increased by 4.1 percent in June 2013 as it registered total earnings of US$ 4.490 billion from US$ 4.314 billion year-on-year basis.

Base on the accounts of the National Statistics Office (NSO), increase of exports is due to the positive growth of four major commodities out of top ten commodities in the month of June.

Gainer commodities in June 2013 include Woodcrafts and Furniture which went up by 77.6 percent; Other Mineral Products gained 58.4 percent; Metal components increased by 14.6 percent; and Other Electronics grew by 6.5 percent compare to last year’s same period.

However, month-on-month basis, export earnings went down by 8.2 percent from US$ 4.893 billion to US$ 4.490 billion.

Meanwhile, electronics remained as top export product which is accounted for 44.7 percent of the total export revenue in June

of this year.

Electronic Products posted a total of US$ 2.006 billion in June, a 15.6 percent increase from May 2013’s US$ 1.735 billion.

Following Electronic Products are Other Manufactures which contributes 7.1 percent or US$ 321 million of the total export revenue; Woodcrafts and Furniture shares 6.3 percent or a total of US$ 281.12 million; Other Mineral Products shares 4.1 percent with its total earnings of US$ 184.47 million; and Machinery and Transport Equipment contributed 7.37 million in the country’s export earnings in June 2013.

Top export destination for Philippines remained to be Japan accounting for 21.9 percent of the total exports. The country earned a total of US$ 985.15 million from its exports to Japan which is 39.7 percent higher than June 2012’s US$ 704.95 million.

Major products exported to Japan surge/PAGE 10

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thursday - august 15, 2013

T

THINK

The waste of worry

hink a minute…Do you rememb er a s a ch i ld A Minute being afraid of the boogie By Jhan Tiafau Hurst man or monsters at night?

But now that you’re an adult, you know better than to be afraid of things that don’t exist, right?

It’s amazing how we adults still have fears and worries about things that are not real.

Like the man who said: “Don’t tel l me wor r y i ng doesn’t help.

Almost all the things I worry about never happen to me!”

The crazy thing is that worry and fear make you run from something that isn’t even chasing you.

Besides, worry only gives you wrinkles, which is just something else to worry about!

England’s former Prime Minister, Winston Churchill, said that whenever he started to worry he’d remember the man on his deathbed who said, “I’ve had a lot of trouble in my life—and most of it never happened!”

You see,it’s not work that kills people, it’s worry.

When you fear the future, you’re wasting the present.

Besides, today has enough trouble of its own.

So “At night, give your worries to God. He’s up all night anyway!”

Fear and worry is kind of like a rocking chair: it keeps you going, but you don’t get anywhere!

And if you can’t help worr ying, remember that worrying can’t help you either.

Fear will often find proof for itself.

If you’re fearful, you’ll find something to be fearful about.

That’s why the American President, Franklin Roosevelt, said: “The only thing we have to fear is fear itself.”

Many of us are afraid of what others think; but if we knew how seldom they actually think about us, we’d know not to worry.

So whatever you’re afraid of or worrying about, ask yourself: Is it real?

And if it is real, how will worrying about it help you? hurst/PAGE 7

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Killer meat loaf; ‘road less traveled’

IFE’S INSPIRATIONS: “… I will exalt you, Lord, for you lifted me out of the depths and did not let my enemies gloat over me…” (Psalm 30:1, the Holy Bible).

-ooo TWO SISTERS KILLED BY CANNED MEAT LOAF? Can anyone tell the Filipino people what was the brand of the meat loaf that is being suspected to have poisoned and then killed two sisters from Alcoy, Cebu? The report from a major television network from Quezon City did not only fail to mention the names of the sisters. It also failed to identify the meat loaf brand.

I am sure the TV network could have done a greater public service if it mentioned the brand, to warn people against eating meat loaf, or any other product, coming from the company that made them. As it is, the death of two women arising from eating contaminated food is a public interest case that warrants identification of the offending brand or the company that produced the food.

The health and safety of the eating public is much more important than the reputation and good standing of a food manufacturing or processing company, even if that company happens to be an advertiser paying millions

I

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of pesos in advertising or akampi commercial revenues.

Mo A ng Batas -oooBy Atty. Batas Mauricio MIK A EL A FU DOLIG: BE BR AVE: I am sharing here portions of the 2007 graduation speech of then 16-year old Mikaela Irene Fudolig, a summa cum laude with a degree of BS Physics from the University of the Philippines. For one reason or a not her, some fa ns of Mi k aela Irene have been upload i ng t he speech i n Facebook. Read on: “… Today, the nation needs brave, defiant pioneers to reverse our nation’s slide to despair. Today, we must call upon the spirit that beat the tracks. Today, we must present an alternative way of doing things. Do NOT just take courage, for courage is not enough.

“Instead, be BRAVE! It will take bravery to go against batas/PAGE 7

K

Inspiring stories

n celebration of Metrobank ’s 50th anniversary, the Met roba n k Fou ndat ion recent ly lau nched t hree coffee-table books that highlight the best of the Filipino.

The three books are “MADE of Gold,” “10 Outstanding Fi l ipi no Teachers ,” a nd “Met roba n k Fou nd at ion Exemplars.”

“Metrobank Foundation Exemplars” features 15 inspiring stories of awa rdees of t he Fou ndat ion’s recognition programs — the Search for Outstanding Teachers (SOT), the Countr y’s Outstanding Police Officers in Service (COPS), The Outstanding Philippine Soldiers (TOPS), Metrobank Art & Design Excellence (MADE), and Search for Outstanding Journalists.

Dr. Queena N. Lee-Chua, 2003 Metrobank Foundation Outstanding Teacher, wrote this notable collection of profiles.

Acclaimed writer and art critic Cid Reyes documented t he sig ni f ica nce of t he Met roba n k A r t & Desig n Excellence (MADE) in the Philippine art scene and its involvement in uplifting culture and art as catalysts of nation building in the coffee-table book, “MADE of Gold.”

The 252-page book presents—in full color—winning artworks and designs since 1984. These include 140 paintings, 12 sculptures, seven Metrobank Prize for Achievement in Sculpture (MPAS) awardees, 13 interior designers, and six architects.

Selected artworks featured in the book were exhibited at the second f loor of Vicente Manansala hallway and at the Little Theater lobby of the Cultural Center of the

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Philippines until April 14, 2013.

O ut Now on its second volume,

By Ignacio Bunye the “10 Outstanding Filipino Teachers” documents t he journey and the legacy of ten Metrobank Foundation S e a rc h for O ut s t a nd i n g Teachers (SOT) awardees.

Wr it ten by 2 0 03 Met roba n k Fou ndat ion Outsta nding Teacher Dr. Jaime An Lim, the book pays tribute to everyday heroes in education. It also features the teachers’ background, best practices and legacies.

T he f i rst volu me of “10 Outsta nd i ng Fi l ipi no Teachers,” written by Dr. Lee-Chua, was a finalist in the 2005 National Book Awards of the Manila Critics Circle.

“Metrobank Foundation takes part in building the community and the nation as it rewards excellence in people and institutions,” retired Chief Justice Artemio V. Panganiban said in his message.

“Indeed, excellence is both the Foundation’s beacon and anchor. Metrobank Foundation has chosen top awardees whose life and career it proclaims and honors in these books. They are the best of the best of Metrobank Foundation’s search for excellence among our people,” bunye/PAGE 7

Effectiveness of divine healing

here’s no doubt that a lot of people urgently need some healing, if not in the area of physical health, then in their emotional, mental and spiritual health.

Many have gone through traumatic experiences and are left scarred, if not irreversibly damaged.

We need to see this situation that is getting widespread, getting more open than hidden, from the point of view of our faith.

We cannot and should not just see it by our lonesome, relying only on our feelings and estimations.

We need to see it from the point of view of God. That is where we can always find some healing that can come to us in many and mysterious forms. But it always comes, because God is a father, an omnipotent father full of love and compassion, who can never be indifferent to our predicaments.

In fact, he reads our mind and heart better than we do, knows exactly what we need before we can even articulate it, and takes the initiative to come to our help and rescue even before we can ask.

Thus, in the gospel we always see how Christ, just by seeing the needs, big or small, and the problems and miseries of the people, always came to the rescue.

His heart cannot remain unmoved by this sight.

This is the case for example of the widow whose only son died, the crowd who was with Christ for three days to listen to him. Even the Samaritan woman who happened to coincide with him in the well received a gentle treatment that converted her.

But all this also depends on whether we have faith,

a living and functional faith.

Thus, in the gospel we see and Traces how our Lord commended

By Fr. Roy Cimagala those who were asking for cures and miracles for their faith in him.

A ve r y mov i ng stor y was that of the father of a possessed boy who in his great distress approached our Lord for a cure. When asked if he believed our Lord could cure his son, he immediately said, yes, “I believe,” and added, “but help my unbelief.”

Even when our faith is still weak, our Lord comes to supplement. Just show it, no matter how weak, and God will do the rest.

This is a point worth noting, because many of our problems today, and the continuing and harrowing drama they create, are due to our lack of faith. Typical of this mentality is the common thought, often unspoken but from time to time verbalized, that miracles don’t happen anymore these days.

So instead of faith, there is scepticism, as if God’s power is limited to the days of the gospel. It’s the same scepticism that was expressed by the townspeople of Christ himself who could not believe that their fellow cimagala/PAGE 7

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told those who attended the consultation on August 3 there is a need to strengthen local policies on mining if the declaration pushes through.

Fo r m e r m ay o r Joy O k i n l a y, i n c u m b e n t councilor and wife of current Mayor Mario Okinlay, said they will follow zoning classifications, adding there will be zones for tourism, agriculture, and mining.

She belied reports the ongoing small scale mining operations in the town destroyed the Tagoloan River that traverses barangays of the town. She instead blamed agricultural plantations operating in the area to have allegedly polluted the river.

Eutropio Jamilo, of the environmental desk of the Diocese of Malaybalay, blamed mining for the pollution and destruction of the Tagoloan River.

The MENRO vowed to create a local policy covering mining to protect the environment and the residents.

But Martinez said the IRR or the local policy won’t be enough to prevent the impact if mining operations are already on the roll.

Mayor Okinlay told reporters earlier he is behind the proposed declaration of the “Minahang Bayan” in the town. He said he has l e f t d el ib e r at i ons on the proposal at the Sangguniang Bayan, which is spearheading consultations in barangays Bayog and Impalutao, two of the town’s 13 villages.

“If the national government is supporting the ‘Minahan ng Bayan,’ why don’t we in the local gover nment? ” he told

reporters who covered the 40th anniversary of the founding of the Army’s 403rd Infantry Brigade in Camp Osito Bahian here.

He was among three mayors present in the occasion.

Okinlay said the small scale mining projects to be done in the Minahan ng Bayan will be implemented by cooperatives of farmers, including the indigenous people (IP).

He denied that the declaration of the Minahan ng Bayan will jeopardize the environment and its people.

“There will be a plan of gradual implementation of mining activities,” he added. He said he doesn’t see a problem with the declaration even if the municipal council has d e cl are d t he tow n a s Bukidnon’s tribal capital.

“The cooperatives to operate the mines will include IPs,” he added.

During the consultation i n B r g y. I m p a l u t a o , C ou n c i l or R ay mu n d o G a nt e , c h a i r o f t h e municipal council’s laws and r u l e s c om m itte e, said there will be more consultations to be held on the proposal. He said even if approved at the local level, the proposal will have to go through the scrutiny of the provincial board and the Bukidnon Environment and Natural Resources Office.

Mar t ine z, howe ver, said they are on alert and are ready to take actions to oppose it, adding they received information that the municipal council will pass a resolution declaring the area as Minahan ng Bayan on August 15. (Walter I. Balane / MindaNews)

Hurst...

ou r Kore a n f r iend s a re f locking to our country.

Why, as many of us line up for immigrant visas in various embassies, they get themselves naturalized and settle here. Do they know something we don’t?

-ooo TAKE NOT THE ROAD L E S S T R AV E L E D: “D o NOT just be strong in your convictions, for strength is not enoug h. I nstead , DEFY the pressure to lead a comfortable, but middling life. Let us lead t his country from the despair of mediocrity. Let us not seek to do well, but strive to EXCEL in everything that we do. This, so others will see us as a nation of brains of the highest quality, not just of brawn that could be had for cheap.

“Take NOT the road less traveled. Rat her, MAK E new roads, BL A ZE new trails, FIND new routes to your dreams. Unlike the track-beaters in campus w ho s e e w h e re t h e y ’re going, we may not know

how fa r we ca n go. But if we a re brave, def ia nt sea rchers of excel lence, we w i l l go fa r. E x plore possibilities, that others may get a similar chance.

I have tried it myself. And I’m speaking to you now.

“But ta l k is cheap, they say. And so I put my money where my mouth is.

Today, I place myself in the service of the University, if it will have me. I would l i k e t o t e a c h , t o s h a re k nowledge, and perhaps to be an example to new UP students in thinking and striving beyond the limits of the possible. This may only be a small disturbance in the grass. But I hope you’ll come with me, and trample a new path.

Good evening, everyone…”

-ooo R E AC T IONS? Plea se c a l l m e a t 0 917 9 8 4 2 4 6 8 , 0 918 574 019 3 , 0 922 833 43 96. E ma i l: batasmauricio@yahoo.com, m mau r iciojr111@g ma i l. com.

from page 6

How long will it last?

Is it something you can change?

If not, how can you best accept and handle it?

Then finally ask yourself: How important will this be a year from now?

Will it be important to me at the end of my life?

Today, why not give your life, and all its worries, to Jesus Christ?

Ask Him to take charge.

Then you’ll know that after you’ve done your best, He’ll always take care of the rest.

Just Think a Minute…

Batas... from page 6

popular wisdom, against the clichéd expectations of family and friends. It will take bravery to gamble your future by staying in t he cou nt r y a nd t r y to ma ke a prosperou s l i fe here. It might help if for a start, we try to see why

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Focus on agri instead of mining, professionals advise B’non town MALAYBALAY City--The municipal government of Impasug-ong in Bukidnon should dedicate its time and resources on helping improve and modernize agriculture rather than push for mining, which only benefits a few while it puts the environment to high risk.

This was the advice given by the Task Force Against C orruption (TFAC), a group of professionals f rom v ar i ous s e c tors , including academe, nongovernment organizations and churches based in the municipalities of Impasugong and Sumilao.

Dr. Wilfredo Martinez, of TFAC, said during the recently held barangay consultation in the v i l l age s of Imp a lut a o and Capt. Bayong that the mining proponents stressed the advantages like economic and livelihood opportunities using the outfit of cooperatives.

But he said mining opportunities benefit only a few, including their local benefactors, while mining has a big impact on the environment.

About 2,000 hectares of l an d i n b ar ang ay s Impalutao Capt. Bayong in Impasug-ong are being eyed as “people’s mines” or “Minahang Bayan.”

Martinez said the focus should be on agriculture, where many of the town’s residents depend on.

Mining prop onents also cited that they will set up local mechanisms to protect the environment with the local legislation’s implementing rules and regulations. The Municipal Environment and Natural Resources Office (MENRO)

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Fibr, PLDT HOME’s most powerful broadband, was recently launched in Buddha Bar, Makati City. The ultra-fast broadband is now further enhanced by movies-on-demand and Cignal Digital TV service that runs on the Fibr network. Seen in photo from left are Gary Dujali, VP and head of PLDT HOME Fibr broadband; Napoleon Nazareno, president and chief executive officer of PLDT and Ariel Fermin, EVP and head of PLDT HOME business.

KAC inspires Argao youth leaders After youth leaders from Argao, Cebu experienced the development program of the Kool Adventure Camp (KAC) of Ramon Aboitiz Foundation Inc. (RAFI), they decided to bring out more of the best of their community.

KAC alumni from the A l l ia nce of A rgawa non You ng L eaders (A AY L) trained 60 youth leaders through collaborative games.

The participants were f rom Argao Nationa l High School, Argao Youth Heritage Society, Chiro Youth Movement, Canohoy Youth Organization, Mandilikit Youth, Youth for Christ, Talaga National High School, Bu lasa Nat iona l Hig h School, and Parish Youth Coordinating Council.

This workshop, held in the second quarter of this year, was a partnership between AAYL and Play for Peace

International, which is a global learning community dedicated to bring together chi ldren, yout h, adu lts, and organizations by using cooperative play to create a nd promot e l au g ht er, compassion, and peace.

According to one of the participants, the play session reminded him of the value of

being united with other youth leaders even when they come from different organizations.

He added that every goal is attainable if members learn to be open-minded while acknowledging individual and group differences.

K AC i s on e o f t h e programs under t he youth/PAGE 11

Bunye...

Cimagala...

he added.

Since its establishment in 1979, t he Met roba n k Fou nd at ion ha s sou g ht t o pr omot e a nd fo s t e r t he va lues of excel lence and achievement among Filipinos.

“In its commitment to make a difference in the lives of its chosen stakeholders and contribute to nationbuilding, the programs of the Foundation have always endeavored to encourage a nd rewa rd i nd iv idua ls and organizations to be the best they can be, and in the process, inspire the rest to similarly strive for the highest standards of performance of conduct in their respective professions,” Me t roba n k Fou nd at ion Aniceto Sobrepeña stressed.

Yo u m a y e -m a i l u s at totingbunye20 0 0@ gmail.com. Past articles may be viewed at ht t p : //s p e a k i n g o u t . p h / speakingout.php.

townmate could speak so well and could do miracles.

As a result, Christ left the place and refused to perform miracles there.

We have to be more keenly aware of this predicament because this is where we get blind and insensitive to the ever-ready and abundant compassion of Christ for us. It is this predicament that takes us down into a spiral of anguish and, sooner or later, despair, since we would not play God’s game but prefer to play our own.

We need humility and simplicity for this faith to grow in us and remove us from our self-inflicted predicament. It’s this humility and simplicity that will also make us persevere in our faith in God’s most compassionate omnipotence even when we don’t seem to get what we are asking for.

Let’s remember that God always sees the whole picture and that we often miss

out many things in our perception of things, even with our best efforts. We have to always remain believing in God’s compassion.

In this regard, together with humility and simplicity, for our faith to prosper we also would need fortitude or toughness, as expressed in patience or in disregarding certain things that definitely are not working for our own good.

This can mean our feelings and passions and memory and the other expressions of our flesh that are still untouched by faith. Most of our problems stem from this—many people are unable to handle these wayward powers of ours and are in fact enslaved by them.

We have to learn how to toughen it up, not minding the negative impulses of these powers of ours. In fact, we should rather purify them, filling them with the assurance of our faith. We have to repeat many times, “Lord I believe, but help my unbelief.”

from page 6

Young leaders from different groups share ideas and build ties for a better youth community in Argao, Cebu.

from page 6

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Fortinet reports 2Q 2013 financial results Fortinet® (NASDAQ: FTNT), a leader in high-performance network security and unified threat management (UTM) solutions, announced recently its financial results for the second quarter ended June 30, 2013.

To t a l r e v e n u e w a s $14 7. 4 m i l l i o n f o r t h e second quarter of 2013, or an increase of 14 percent compared to $129.0 million i n t h e s a m e q u a r t e r of 2012. Within total revenue, product revenue was $66.5 million, or an increase of 8 percent compared to the same quarter of 2012.

S er v ice s re venue wa s $79.7 million, or up by22 percent compa red to t he same quarter of 2012.

Meanwhile, total billings were $160.7 million for the second quarter of 2013, or an increase of 10 percent compared to $145.8 million

in the same quarter of 2012.

Deferred revenue, on the other hand,stood at$389.7 million as of June 30, 2013, or an increase of 18 percent compared to that of $331.4 million as of June 30, 2012, a nd a n increase of $13.3 million from $376.4 million as of March 31, 2013.

“Our ability to meet or exceed billings, revenue, and prof itability expectations during the second quarter against challenging conditions in some markets and geographies highlights the breadth and diversity of Fortinet's business,” said Ken Xie, Fortinet founder, president and chief executive officer.

“While we will continue to move forward cautiously due to the ongoing macro uncertainty, we feel confident t hat t he combi nat ion of ou r s t r on g c o mp e t it i ve

adv a nt a ge s a nd produc t superiority positions us well for continued growth and market share gains."

Also, as of June 30, 2013, cash, cash equivalents, and i nvest ment s were $814 .4 million, compared to $782.5 million as of March 31, 2013.

In t he second quar ter of 2 013, c a sh f low f rom operations was $37.2 million and free cash f low was $35.2 million.

“We have a very broad product portfolio that stands for small business, major business, large enterprise to service providers,” says Jef f Casti l lo, For tinet Philippines countr y ma nager.“Functiona lities are highly uniform across ou r pro du c t p or t fol io s , which means that whatever functionality the telcos can enjoy can also be enjoyed by small businesses.”

MISAMIS ORIENTAL – Vice Governor Joey G. Pelaez in partnership with Children’s International Philippines made another round of books distribution in seven (7) public schools of Medina, Misamis Oriental on August 7, 2013. This donation of books is a testament of the continuing advocacy of the Vice Governor for the improvement and supplementation of educational programs and/or materials in the province of Misamis Oriental. It can be recalled that Vice Governor Pelaez served for 17 years in the Department of Education.

XUCA holds Manresa Days 2013, celebrates 60th Diamond Jubilee

T

by Louren Aranas, Francis Borja and Angela Cabildo Contributors

he Manresa Days has been a yearly tradition of Xavier University’s College of Agriculture.

This year though, the celebration is made extra special as the college also celebrates its 60th Diamond Jubilee.

Themed, “60 Years of Bre w i ng Pos sibi l it ie s ,” Manresa Days 2013 is slated on August 14-17. The fourday celebration will highlight the college’s 60 years of facing challenges and possibilities alike. For the first time of this annual celebration, there will be a campus exhibit which will showcase the academic and architectural legacies of the Manresa campus “What we're trying to establish here is that the College of Agriculture is an important part of the university and the only

college of agriculture in Mindanao,” said Exhibits Committee head and XUCA Research and Social Outreach (RSO) Director, Dr. Ma. Theresa Rivera on the purpose of the exhibit.

“Our work has involved Sout heast Asia. We are playing the field of Southeast Asia, through the Sustainable Agricu lture Center, t he Southeast Asia Rural Social Leadership Institute, Food Tech Center, and through all the other centers. It has to be recognized,” Rivera added.

Estrella Borja, who has

STEER WRESTLING. A students grapples a calf to bring it down during the two-day rodeo event in Manresa, Xavier University in Cagayan de Oro City.

MindaNews File Photo (August 18, 2012) by Froilan Gallardo

been teaching in the college for over two decades, recalled that earlier celebrations had a “barrio fiesta” atmosphere surrounding the alternative market.Both the rich and the poor came to see about the fruits, vegetables, poultry,

livestock and new technology.

Borja and her committee chose this year’s theme for the image it evokes of brewing coffee. They want everyone to catch a whiff of the rich, inviting aroma of a fruitful future. “There are so many

possibilities. They’re ours for the picking,” said Borja.

What, then, can people look forward to this year’s celebration?

On August 13, an opening mass will be held at the XU Immaculate Conception Chapel, to be followed by an exhibit opening at the Science Center Dry Pond and a parade around Divisoria and XU. The Manresa Tours is slated to start on August 14.

It is an opportunity for guests to explore the 64-hectare complex.

High school students are also invited to partake in competitions like quiz bowl, essay writing, and poster making. Development Communication students will present a puppet theatre.

The Manresa tours and the DevCom Puppet Theater, as well as the Agriculture Fair and Food Sales, will

run from August 14 to 17.

On August 16, a series of skill competition by the Federation of Agriculture Students in Mindanao will take place. On the same day, the ‘Rodeo sa Manresa’ opening and competitions are set. Spectators from all over the region usually swarm the rodeo arena to see agriculture students show off their skills in pinning down cattle. The Aggie Night will then wrap up the day’s set of events.

August 17 brings the Manresa Farm run, t he ‘Rodeo sa Manresa’ awarding ceremonies, and the alumni homecoming.

M a n r e s a Fa r m w a s acquired in 1955 by Fr William F Masterson who founded t he Col lege of Agriculture in 1953. Today, the urban farm continues to become the “home” of the Aggies in XU.

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Profit... from page 3

president and chief operating officer.

“We are confident this strong performance will carr y on t his year. The encouraging macroeconomic cond it ions cont i nue to present opportunities for f ur t her invest ment a nd we will continue to take advantage of these moving forward,” he added.

Higher revenues and stable margins lifted the net income of property arm by 30 percent to P5.6 billion in the first semester from P4.33 billion a year ago.

BPI, the country’s third largest bank, pocketed P12 billion in the January to June period, or 27 percent more than the P9.4 billion in the same period last year, due to the increase in fee-based income.

Improvement in billed volume and expanded service connections pushed Manila Water’s net prof it by 11 percent to P2.9 billion in the first half from P2.63 a year ago.

A C ’s t e l e c o m a n d semiconductor subsidiaries posted lower earnings during the six-month period.

Earnings of Globe Telecom, a joint venture with Singapore Telecom, dropped 71.8 percent to P1.4 billion from P4.96 last year mostly because of charges t he company booked to reflect depreciation of capital equipment.

Integrated MicroElectronics Inc’s net income fel l 33 percent to $2.09 million in the six-month period from $3.11 million a year ago because of lower capacity utilization in its China facilities.

LiveIt, the BPO investment division of Ayala, grew its share of revenues by 15 percent to $190 million from

$165 million in 2012, because of improved profitability at Stream and Affinity Express.

The conglomerate remains on track with its investment plan to scale up its power assets and participate in the government’s transport infrastructure-related publicprivate partnership (PPP) projects, AC said.

Ay a l a ’s t r a n s p o r t infrastructure unit, AC Infrastructure Holdings Corp, prequalified to bid for the Light Rail Transit 1 extension, the adjacent automatic fare collection system project, and t he Mactan Cebu International Airport.

The Ayala Group won the bid for the Daang HariSouth Luzon Expressway Connector Road Project in December 2011.

Earnings... from page 3

T he of f ice bu i ld i ngs segment posted a 4.8 percent increase in revenues to P1.07 billion from P1.02 billion in 2012 on higher lease income.

Revenues of the hotel group improved by 11.8 percent to P1.47 billion due to higher occupancy rates and a turnaround in Summit Circle Hotel.

Advice... from page 4

rules committee, said there will be more consultations to be held on the proposal. He said even if approved at the local level, the proposal will have to go through the scrutiny of the provincial board and the Bukidnon Environment and Natural Resources Office.

M a r t i n e z , h ow e v e r, said they are on alert and are ready to take actions to oppose it, adding they received information that the municipal council will pass a resolution declaring the area as Minahan ng Bayan on August 15. (MindaNews)

NFA... from page 4

with its buffer stock in case inter vention is needed,” Duray said.

As of today, more than 45,000 bags of rice and 40,000 bags of pa lay (unhu lled rice) are available in NFA warehouses.

“There are also commercial and household stocks of about 286,656 bags,” she added.

Based on t he data released by the Bureau of Agricultural Statistics (BAS), Bukidnon has a monthly rice consumption of more than 90,000 bags.

“That volume of rice reserve therefore is more than enough to meet the need of the province in a month during lean season,” she said.

“As a government entity, NFA will continue to be at the forefront of the country’s food security to ensure stability in the supply and prices of its staple cereals, which is in full support to President Benigno Aquino III’s rice self-sufficiency goals through the AgriPinoy Program,” Duray said. (PIA)

Threatens... from page 4

cities and provinces in the region.

The barangay officials have decided to conduct awareness drive in every affected barangay.

Corsame said the insect is not a new pest specie attacking coconuts in the Philippines. He pointed out that there are many reasons why an outbreak of coconut scale insect occurred, and one of them is bad agricultural practices such as overuse or misuse of pesticides, particularly on the vegetables and fruit trees planted under coconut plants. “Pesticides also kill natural enemies and without them, insect pests are free to multiply without control,” he said.

“Although coconut is the preferred host of scale insects, it is also known to attack other perennial species including ma ny species of fruit trees, such as avocado, bread f r u it, mango, mangosteen, guava and papaya. (PIA)

Higher... from page 4

7.375 million MT, which is 0.4 percent lower the 7.407 m i l l ion out put i n 2012 because of contraction in harvest area, with no yield improvement.

In January to June 2013, produc t ion was at 3. 32 million MT, lower by 4.2 percent from the 3.47 million MT output in 2012. BAS attributed the decline to the decreased harvest area and drop in yield due to the prolonged dry spell in major corn producing areas.

BAS said the corn sector could start recovering in the third quarter of 2013 – with production, harvest area and yield expected to exceed the 2012 levels by 2.9 percent,

1.4 percent and 1.5 percent, respectively.

T he Ju l y- S e p t e m b e r 2013 forecast on standing crop is likely to increase by 7 percent from 2.43 million MT last year to 2.60 million MT. Harvest area may expand from 906,800 hectares to 930,700 hectares, up by 2.6 percent, while yield may improve from last year’s 2.68 MT to 2.80 MT per hectare.

In the fourth quarter, BAS forecasts based on farmers’ planting intentions indicated lower production, harvest area and yield by 3.8 percent, 0.6 percent and 3.2 percent from their respective levels in 2012. (MT)

Banking... from page 5

communities, has played a key role in providing the poor basic banking services. “ Technolog y has t he potential to extend outreach of banking services to a large number of bankable but unbanked, especially those in rural and hard to reach areas at lower cost and higher efficiency,” the BSP report said. “ T h e m o bi l e p hon e industry in the Philippines serves all income groups, e s p e c i a l l y low i nc ome groups,” it added.

Also contributing to the success of mobile banking in the Philippines is the high subscriber penetration rate of mobile carriers, with over 90 percent of the population reached, and the large volume of text messages sent daily, with more than 1.5 billion “texts” sent every day.

The rural banking sector, through the Rural Bankers Association of the Philippines (RBAP), has been engaging in various private sector partnerships to strengthen the range of financial services offered to micro and small and medium enterprises, and other rural clients in the countryside.

Besides partnerships with Globe Telecom’s G-Xchange I nc . (G X I) a nd Sm a r t Communications, R BAP has existing programs with third-party ATM service providers such as Encash and Nationlink, to offer ATM products and services.

Developments in t he sector are also bolstered by the supportive regulatory environment in the country, spearheaded by the BSP. The BSP has demonstrated its commitment in supporting t he sec tor t h roug h t he issuance of various circulars and approvals that have helped expand ser v ices of fered by rura l banks. Among these include expanding micro-agri lending, housing microfinance, the accreditation of microfinance rating agencies, and support to mobile money and mobile phone banking ser vices.

Along with the Insurance Commission, the BSP has also allowed rural banks to expand to facilitate the offering of microinsurance services in partnership with insurance companies.

R BA P h a s e x i s t i n g collaborations with insurance providers AA International, BPI-PhilAm Insurance and its subsidiary Philippine American Life Insurance, C A R D M ic roi n su r a nc e Agency, Country Bankers L i f e I n s u r a n c e C o r p. , Ma layan Insurance Co., MicroEnsure Philippines, Philippine Prudential Life Insura nce Inc., Pioneer Life Insurance and United C o c onut Pl a nt e r s L i fe Assurance Corp. in offering microinsurance services to its clients in rural areas.

Mobile banking was the first step toward enabling t he industr y in its goa l of f i na nc i a l i nc lu sion .

Microinsurance is another platform that will realize actual financial inclusion and protection for the poor all over the Philippines. (MT)

Hasten... from page 5

submitted the report to Congress in June this year. “ T h e P4 0 0 m i l l i o n feasibility studies fund can actually save the government money,” Balisacan said.

The special purpose fund is intended only for projects listed in the government’s public investment program (PIP) and excludes those for public-private partnership (PPP) i mplement at ion, as stated in t he specia l provisions of the proposed 2014 budget.

“Since the NEDA will administer the fund, we will be limiting it to highpriority projects that we think will have the most impact on inclusive growth and development. We will soon submit a list to the D e pa r t ment of Bud ge t and Management (DBM), t h e Hou s e C om m it t e e on Appropr iat ions a nd the Senate Committee on Finance,” Balisacan added.

(MB)

BSP...

from page 5

the same.

Under Basel 3, banks will be subject to new risk-based capital adequacy ratios or CARs. For CET1 for example, banks must at least comply with six percent of riskweighted assets at all times, while tier1 capital must be at least 7.5 percent of riskweighted assets at all times.

Qualifying capital which is tier1 capital plus tier2 capital, must be 10 percent at least of risk-weighted assets at all times. (MB)

Told... from page 5

standard (3DES) by January 1, 2015. According to central bank data, there are a total of 12 ,702 ATMs i n t he Philippines as of end-March this year.

T he re g u lat ion a l s o requires all BSP-supervised institutions to shift from the magnetic stripe technology in ATM cards to the more secure EMV chip-enabled cards by January 1, 2017.

Banks must submit a written and board-approved EMV

migration plan within six months from the circular date.

T he late s t AT M requ irement a i ms to “strengthen electronic retail payment network and protect against ATM and credit-card fraud such as skimming and cloning.”

The enhanced ITR M framework also provides direction on the adoption of cloud computing in the financial-service industry as more rural and thrift banks shift to the use of the cloud-computing technology to leap frog the delivery of financial services.

T he s a l ient feat u res of t he en ha nced ITR M f r a mework i nclude t he adoption of well-structured IT governance models and processes, ma i ntena nce of risk identification and assessment process, and the establishment of overall IT risk-mitigation strateg y c ov e r i n g t h e a r e a s o f information security, project management, acquisition and change management, IT operations, IT outsourcing/ vendor management program; and electronic products and services, the BSP said.

The central bank also said the implementation of the framework’s provisions will be made proportionate to their IT risk profile.

“Recognizing that no single framework may be considered as ‘one-size-fitsall’, guidelines have been provided to classify BSPsupervised institutions as to having ‘simple’ of ‘complex’ IT risk profile,” the central bank said in a statement.

(BM)

Surge... from page 5

were woodcra f ts a nd furniture, other mineral pro duc t s , comp onent s/ devices (semiconductors) and bananas, according to NSO. United States of America (USA) ranked second as e x p or t de s t i nat ion for the Philippines with total earnings of US$ 633.05 million; China ranked third with export value of US$ 613.92 million; followed by Singapore with US$ 389.01 million; and Hong Kong at US$ 386.79 million.

Four out of top f i ve Ph i l ippi ne e x p or t destinations increased their imports from the country except for Singapore.

Singapore’s imports from the Philippines went down by one percent in June 2013 amounting to US$ 389.01 million from last year’s US$ 392.78 million. (PNA)

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) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

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Hike... from page 1

exports revenues posted a 12.8-percent decline in April.

This was attributed to the negative growth of the main industries and sources of employment in the region such as electronic equipment and parts, metal components, electronic products and other manufactures.

MSMEs account for 25 percent of the country’s total export revenue. It is also estimated that 60 percent of all exporters are MSMEs. Ortiz-Luis said a new wage adjustment will thus exacerbate the unemployment rate that increases poverty incidence in the country.

He said high wages also discourage foreign direct investments (FDIs) and laborintensive industries such as certain handicrafts and furniture operations.

Despite the Philippine 9.8-percent growth to $2 bi l lion net FDI inf lows in 2012, the country still trails behind its neighbour countries like Malaysia with $9.2 billion, Indonesia with $19.5 billion and Thailand with $8.6 billion, Ortiz-Luis said.

“Hence, further increase in the cost of doing business such as minimum wage will not help attract investors, be it domestic or foreign investors,” he added.

O r t i z-Lu i s s a id a ny wage increase could cripple t he economy a nd ma ke t he cou nt r y even more uncompetitive vis-a-vis its Asian neighbours.

Instead of an across-theboard pay hike, the industry group expressed its support to the implementation of the productivity-based wage adjustment as espoused by the two-tier wage adjustment system by the Department of Labor and Employment (DOLE).

Ortiz-Luis reasoned that industries and sectors have varying capacities to pay their workers.

“The solution on the twotiered wage implementation comes as an appropriate measure therefore, as this prov ides t he f lex ibi l it y for employers to adjust wages based on t heir financial situation vis-avis the performance of their workers,” he noted.

PHILE X PORT a lso pushed for the approval of the amendments to the Produc t iv it y Incent ives Act that would help ensure the workers could share the benefits of a profitable business even as they keep their jobs.

L i kew ise, t he g roup believed that the reduction by 50 percent of the valueadded tax (VAT) on oil could create a positive ripple effect through the supply chain.

Wins... from page 1

urbanization.”

Fabe won for his article “Philippines: In climate change, ducks to the rescue?” which discussed the benefits

DILG employees as well as local government personnel, but they must present their identification cards to avail of this privilege.

The BPMFI is spearheaded

by Philexport, Philippine Food Processors and E x por ters Orga nizat ion Inc. (Philfoodex) headed

by Rober to C . A mores; Home Accents Group of t he Phi lippi nes (H A PI) led by Annette Pagtakhan; Ph i l ippi ne Cha mber of Ha nd icra f ts Indust r ies, Inc. (PCHI) represented

by A lber t de R ivera; Meycauayan Jewelry Industry Association, Inc. (MJIA) headed by Cecilia Ramos; Christmas Décor Producers & Exporters Association of the Philippines (CDPEAP) led by Romeo Balderrama,Jr., and Federation of the Filipinofrom page 1 Chinese Cha mbers of Congress who reportedly Commerce & Industry Inc. diverted portions of their (FFCCCII). (PhilExport-10/ PDAF, popularly known as PIA) pork barrel, to dubious nongovernment organizations.

Rodriguez said he gave from page 2 P3.5 million of his PDAF to the right directions with the Technology Livelihood its programs and projects, and Resource Center (TLRC) he said. for livelihood projects. But he “ I t r e f l e c t s t h e said he received documents c o m m e n d a t i o n s t h a t from the Commission on Koronadal City received Audit (COA) where he saw during the term of former that his signatures were Mayor Fernando Miguel,” forged. he added.

“I was surprised that I n 2 0 0 3 a n d 2 0 0 5 , all communications were Koron a d a l w a s n a me d f o r g e d , i n c l u d i n g m y “Most Competitive City” signatures. ...The letters in the small-city category that allegedly accepted the while in 2005 and 2006 it funds and letters certifying was also recognized as the the implementation were all most business friendly city forged,” he told reporters in in Mindanao. an interview before attending Besides, Koronadal City, t he hearing of t he DOJ nearby Surallah town was also budget. ranked 8th among the Most At the hearing, Rodriguez Competitive Municipalities. told Justice Secretary Leila The complete list of 10 de Lima that he was willing Most Competitive Cities to show the documents to in the country as ranked the investigating team and are: Cagayan de Oro; Iloilo; would help shed light on the San Fernando, Pampanga; scam.

Butuan; Bacolod; Koronadal; De Lima was later pressed San Fernando, La Union; during the hearing to name O l o n g a p o , N a g a ; a n d the lawmakers who will be Marikina. included in a report she On t he ot her ha nd , expected NBI probers to the 10 most competitive submit to her soon, but mu nicipa l it ies a re: Sa n she declined. Earlier at the Fr a nc i s c o, A g u s a n d e l Senate, an irritated Sen. Sur; Guagua, Pampanga; Ferd i na nd “B ong b ong ” Carmona, Cav ite; Daet, Marcos wondered a loud whether De Lima and her team of probers were engaged in a game of “kampihan” (siding with friends) on account of reports floating only the names of lawmakers who are outside the political circle of President Aquino. of the integrated rice-duck farming system. The article was published early this year in an online portal of IPS Asia Pacific, a project supported by the Rockefeller Foundation, and in Cagayan de Oro-based BusinessDaily.

Fabe received a cash prize of SG$1,000 and a trip to London on September 4 for the award ceremony.

H is w i n ma ke s h i m eligible to participate in the C40 & Siemens City Climate Leadership Awards & Conference.

Fabe, who also writes for broadsheet BusinessMirror, became the back-to-back g r a nd pr i z e w i n ner of fourth and fifth Brightleaf Agricultura l Journa lism Awards in 2010 and 2011.

Forged...

Competitive...

Promotes... from page 2

continuing improvement and innovation by small and medium enterprises.

The event subscribes to this anti-poor formula with its “Buy Pinoy Save Jobs!” , according to Cecilia Ramos, secreta r y a nd a ssista nt treasurer. The more Filipinos patronize Philippine made products, the more we create and save jobs, she noted.

In suppor t of t his objectives, the organizers are extending free admission for all teachers, students, Department of Education and

Camarines Norte; General Tr ia s , C av ite; Gu i mba , Nue va E cija ; Mex ico, Pampanga; Surallah, South Cotabato; Taytay, Rizal; and Prosperidad, Agusan del Sur. NCC is a public-private task force that builds up the long-term competitiveness of the Philippines through pol ic y refor ms, projec t implementation, institutionbu i ld i n g , p e r for m a nc e monitoring, and goal-setting.

It was created in October 2006 by virtue of Presidential Executive Order No. 571, a me nd e d t o E xe c ut i ve Order No. 44 by the present administration to address t he improvement of t he country’s competitiveness from the bottom third of competitiveness rankings to the top third by 2016.

The council is being c h a i re d by Tr a d e a nd Industry Secretary Gregory L. Domingo for the public sector and co-chaired by Mr. Guillermo M. Luz for the private sector.

T he c onduc t of t he competitive index survey, which should show how Phi l ippi ne cit ies a nd municipalities fared in terms of cost and ease of doing business was funded by the United States Agency for International Development (USAID).

It covered 122 cities and 163 first class municipalities across the country. (PIA)

Backs... from page 2

the league is now prioritizing its partnerships not only with the provincial government but a lso w it h t he ot her government line agencies for the effective delivery of programs and basic services to their constituents.

The LMP members in Davao Orienta l include Mayors Vicente D. Orencia of G over nor G eneroso, Justina MB. Yu of San Isidro, Nestor L. Uy of Tarragona, Alicia B. Mori of Caraga town, Adalia L. Tambuang of Banaybanay, Rebecco B. Rosit Sr. of Boston, Arturo C. Monday of Baganga, Jon Marco M. Dayanghirang of Manay, Domingo A. Lim of

Lupon, and Camilo T. Nuñez of Cateel. (MB)

Youth... from page 7

Leadership & Citizenship focus area of RAFI, where future leaders are nurtured to prepare them to take an active role in affecting c h a n g e . R A F I ’s o t h e r focus areas are Integrated Development, Micro-finance & Entrepreneurship, Culture & Heritage, and Education.

KAC has been offering adventure education programs for leadership and team development for youth and professiona ls

11

for the last decade. KAC’s L e a d e r s h i p A d v e nt u r e Program launched its pilot run in the Philippines’ first fully dedicated adventure education center in Balamban, Cebu last May 2013 with the Argao youth a nd st udent leaders of the Union of Progressive Students of the University of the Philippines Cebu College.

For more information on KAC, contact (6332) 260-9000 local 1001 and look for Althea Santillan, or visit www.rafi. org.ph or www.facebook. com/kooladventurecamp, or follow @rafiorgph on Twitter.

Mindanao biz leaders submit 9-point policy agenda to P-Noy DAVAO City -- Mindanao business leaders have endorsed a 9-point policy agenda to President Benigno Aquino III for support following the recently concluded 22nd Mindanao Business Conference (MinBizCon) held in Davao City.

Conference director John Gaisano, Jr. said the policy agenda is aimed at propelling Mindanao’s economy and could benefit from the upcoming ASEAN integration.

The MinBizCon was held at the SMX Convention Center at SM Lanang Premier last Aug 8-10.

Enhancing infrastructure and logistics support in key production areas to improve Mindanao’s connectivity to the rest of the country and the world, improving access to financing for micro small medium entrepreneurs, and repealing the Cabotage Law are among the salient points of the policy agenda.

Gaisano said that the points included in the policy agenda were crafted from a series of consultations with nearly 250 Mindanao businessmen and organization leaders from the island’s vital industry sectors.

These include: agriculture, e n e r g y, i n f o r m a t i o n a n d technology, tourism, small and medium enterprises, logistics and infrastructure, skills development and natural resource management.

He elaborated that Mindanao business leaders at the MinBizCon urged the country’s financing institutions to enhance their credit access among microsmall and medium enterprises especially those engaged in agri-

business to promote home-grown businesses and countryside development.

He also said the Mindanao business leaders also lauded the announcement of President Aquino at the conference to allocate P34.29 billion more this year to fund the infrastructure projects of Region 11. The amount is on top of the current P61.54 billion allocation for 2011-2014 earmarked by government for Region 11 through the Dept. of Public Works and Highways.

Gaisano described as successful this year’s MinBizCon because of the substance and content of the speech of President Aquino and that of the 14 Cabinet Members who attended the conference.

Their speeches he said are all responsive to the issues and concerns raised by the Mindanao business community during the pre-conference consultations.

He also said for the past 22 years of MinBizCon, it is only this year that a President of the Philippines came over to address the island’s business sector.

The other six points in the policy agenda included the following: Ensuring sufficient, reliable and clean energy to support Mindanao’s industry needs, putting in place the policy framework for responsible and sustainable mining practices, improving tourism infrastructure and regulation of adventuretourism activities, addressing the job-skills mismatch, amendment of tariff and customs code of the Philippines, and supporting the development of Mindanao Growth Corridors and export gateways.

(PNA)

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LIST OF AWARDED PARTICIPANTS FOR CARS MAJOR AWARDS A.)BEST IN PAINT 2ND RUNNER – UP 1ST RUNNER-UP CHAMPION

SPECIAL AWARDS NAMES

-

TROPHY + FREEBIES TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES

RYAN CHIONG / THREEBIZ NOEL GALLARDO / THREEBIZ JAMAICA DIAMANTE /

B.) BEST IN AIR BRUSH PAINT RUNNER – UP CHAMPION -

TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES

MARK ANTHONY L. AQUINO/STACEY CARWASH EDUARDO ALABA JR. /AJCARHUB

C.)BEST IN BODY KIT 2ND RUNNER – UP 1ST RUNNER-UP CHAMPION

-

TROPHY + FREEBIES TROPHY + FREEBIES TROPHY + FREEBIES

USMAN SARANGA JR./TRIX OFFROAD ROY CABAHUG SUSON / TUBINO VIC IAN LACAR / AJCARHUB

D.)BEST IN RIMS 2ND RUNNER – UP 1st RUNNER-UP CHAMPION

-

CUSTOMIZED TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES

ROY CABAHUG JR. / TUBINO RYAN ANG / TUBINO ROY CABAHUG JR, / TUBINO

TROPHY + FREEBIES

NOEL GALLARDO / THREEBIZ

F.) BEST IN LIGHTS INTERIOR AND EXTERIOR DISPLAY 2ND RUNNER – UP TROPHY + FREEBIES 1ST RUNNER – UP TROPHY + FREEBIES CHAMPION TROPHY + FREEBIES

ELMER MANUTA / AJCARHUB NOEL GALLARDO / THREEBIZ JAMAICA DIAMANTE /

G.)BEST IN INTERIOR UPHOLSTERY CHAMPION -

TROPHY + FREEBIES

ROY CABAHUG SUSON / TUBINO

H.)BEST IN ENGINE DISPLAY 2ND RUNNER – UP 1ST RUNNER-UP CHAMPION -

TROPHY + FREEBIES TROPHY + FREEBIES TROPHY + FREEBIES

MARLON DOMINIC LOY / AJCARHUB ROY CABAHUG SUSON / TUBINO ROY CABAHUG SUSON / TUBINO

I.)BEST IN DETAILED CAR 2ND RUNNER – UP 1ST RUNNER-UP CHAMPION

TROPHY + FREEBIES TROPHY + FREEBIES TROPHY + FREEBIES

MARLON DOMINIC LOY / AJCARHUB ROY CABAHUG SUSON / TUBINO ROY CABAHUG SUSON / TUBINO

E.)BEST IN CAR ACCESSORIES CHAMPION -

-

J.)BEST IN CAR ENTERTAINMENT & PEOPLES CHOICE 2ND RUNNER – UP TROPHY + FREEBIES 1ST RUNNER-UP TROPHY + FREEBIES CHAMPION TROPHY + FREEBIES

LEONARD JAN LIM / AJCARHUB RYAN TAN / THREEBIZ NOEL GALLARDO / THREEBIZ

K.) BEST IN AUDIO SET – UP (LOUD AND CLEAR) 2ND RUNNER – UP TROPHY + FREEBIES 1ST RUNNER – UP TROPHY + FREEBIES CHAMPION CUSTOMIZED TROPHY + FREEBIES

RYAN ANG / TUBINO MARK GUE / TUBINO SAMMY AYODELE / JDM

L.) BEST IN SOUNDS QUALITY 2ND RUNNER – UP 1ST RUNNER – UP CHAMPION -

CUSTOMIZED TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES

ROY CABAHUG SUSON / TUBINO RYAN CHIONG / THREEBIZ MARLON DOMINIC LOY / AJCARHUB

M.) BEST IN AUDIO AND VISUAL DISPLAY 2ND RUNNER – UP 1ST RUNNER – UP CHAMPION -

CUSTOMIZED TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES

LEONARD JAN LIM / AJCARHUB EDUARDO ALABA JR. / AJCARHUB JAMAICA DIAMANTE /

N.) BEST IN JDM RUNNER – UP CHAMPION

-

TROPHY + FREEBIES TROPHY + FREEBIES

RYAN CHIONG / THREEBIZ VIC IAN LACAR / AJCARHUB

O.)BEST IN 4X4 CAR 2ND RUNNER – UP 1ST RUNNER-UP CHAMPION

-

CUSTOMIZED TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES

NORBERT SAHALI / TRIX OFFROAD MINDALANO DARUGU – AN / TRIX OFFROAD USMAN SARANGA JR. / TRIX OFFROAD

P.) BEST IN OFFROAD CAR RUNNER – UP CHAMPION

-

TROPHY + FREEBIES TROPHY + FREEBIES

CONRAD KINGSTON LIM / CARL & SON DANTE L. RAVELO / T – DHAN’S

Q.) BEST PICK – UP RUNNER – UP CHAMPION

-

TROPHY + FREEBIES TROPHY + FREEBIES

R.) LOUDEST ENGINE ROAR 2ND RUNNER – UP 1ST RUNNER – UP CHAMPION -

NAMES

C. BEST HYUNDAI CARS CHAMPION

-

TROPHY + FREEBIES

PIERRE ANGELO MERILLES / AJCARHUB

D. BEST MITSUBISHI CARS CHAMPION

-

TROPHY + FREEBIES

MARK GUE / TUBINO

E.BEST SUZUKI CARS CHAMPION

-

TROPHY + FREEBIES

NOEL GALLARDO / THREEBIZ

F. BEST KIA CARS CHAMPION

-

TROPHY + FREEBIES

RYAN ALEMAN

G. BEST FORD CARS CHAMPION

-

TROPHY + FREEBIES

ROY CABAHUG SUSON / TUBINO

H. WIDEST AUDIO SET – UP RUNNER – UP CHAMPION

-

CUSTOMIZED TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES

ROMMIL CAGAS / SAMMY AYODELE

I. FURTHERMOST PARTICIPANTS BEST CAR IN ILIGAN CITY BEST CAR IN VALENCIA CITY

-

TROPHY + FREEBIES TROPHY + FREEBIES

SAMMY AYODELE / JDM DANTE RAVELO / T – DHAN’S

J. MAJOR SPONSOR’S CHOICE SANDIGAN FIBERGLASS CHOICE SM CITY CAGAYAN DE ORO CHOICE C – ONE TRADING CHOICE KENISE AUTOMOBILES

-

TROPHY + FREEBIES TROPHY + FREEBIES TROPHY + FREEBIES TROPHY + FREEBIES

VIC IAN LACAR OF AJCARHUB LEONARD JAN LIM / AJCARHUB DANTE RAVELO / T – DHAN’S RYAN ANG /AJCARHUB

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CUSTOMIZED TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES

VIC IAN LACAR / AJCARHUB ROY CABAHUG SUSON/ TUBINO NOEL GALLARDO / THREEBIS

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CUSTOMIZED TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES

TEAM THREEBIZ TEAM TUBINO TEAM AJCARHUB

MAJOR AWARDS/ OVER-ALL WINNERS 2ND RUNNER-UP 1ST RUNNER-UP CHAMPION REVOLVING TROPHY BEST TEAM / CARS 2ND RUNNER-UP 1ST RUNNER-UP CHAMPION / HIGHEST POINTER

LIST OF AWARDED PARTICIPANTS FOR MOTORBIKES MAJOR AWARDS

NAMES

1. BEST IN DISPLAY AND PEOPLE’S CHOICE CHAMPION -

TROPHY + FREEBIES

REEDO MARK TIMOSAN / MORE BITES

2. BEST IN PAINT 2ND RUNNER – UP 1ST RUNNER – UP CHAMPION

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TROPHY + FREEBIES TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES

MARK DONAIRE / AWAAW GEMAR MEJORADA / MORE BITES ROMMIL DONAIRE / AWAAW

3. BEST IN AIRBRUSH PAINT 2ND RUNNER – UP 1ST RUNNER – UP CHAMPION

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TROPHY + FREEBIES TROPHY + FREEBIES TROPHY + FREEBIES

LUGEN MARK GENCONO / ESCAPE REEDO MARK TIMOSAN / MORE BITES FRANCIS TENNY MONTUNO / AUTO HOLE

4.BEST IN UNDERBONE CHAMPION

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TROPHY + FREEBIES

ROMMIL DONAIRE / AWAAW

5. BEST IN LIGHTS DISPLAY 2ND RUNNER – UP 1ST RUNNER – UP CHAMPION

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TROPHY + FREEBIES TROPHY + FREEBIES TROPHY + FREEBIES

JOHN RAY GOMEZ / AWAAW CHRISTIAN REYES / MORE BITES REEDO MARK TIMOSAN / MORE BIRES

6. BEST IN MOTORBIKE MODIFICATION 2ND RUNNER – UP 1ST RUNNER – UP CHAMPION

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TROPHY + FREEBIES TROPHY + FREEBIES TROPHY + FREEBIES

ROMMIL DONAIRE / AWAAW GLENN MARK CORDOVA / AWAAW JOVENCIO BORER

CHRISTOPHER LIM / TRIXOFFROAD SAIDAMEN MANABILANG / TRIX OFFROAD

7. BEST IN SOUNDS QUALITY 2ND RUNNER – UP 1ST RUNNER – UP CHAMPION

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TROPHY + FREEBIES TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES

MARK DONAIRE / AWAAW REEDO MARK TIMOSAN MORE BITES JOVENCIO BORE

CUSTOMIZED TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES

CHRISTOPHER LIM / TRIX OFFROAD KIMBLE NISPEROS / AJCARHUB JEFFERSON FELISES / AJCARHUB

8. BEST IN DECALS 2ND RUNNER – UP 1ST RUNNER – UP CHAMPION

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TROPHY + FREEBIES TROPHY + FREEBIES TROPHY + FREEBIES

CHRISTIAN REYES / MORE BITES HARRY JEL ENLGLISA / MORE BITES JAYMARK TAN / MORE BITES

S.) BEST IN DAILY DRIVEN CAR RUNNER – UP CHAMPION -

TROPHY + FREEBIES TROPHY + FREEBIES

ELMER MANUTA / AJCARHUB AL MARTIN PARANTAR / JDM

9. BEST IN SCOOTER RUNNER – UP CHAMPION

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TROPHY + FREEBIES TROPHY + FREEBIES

RENZ ALTUBAR / AUTO HOLE FRANCIS TENNY MONTUNO / AUTO HOLE

T.) BEST ASIAN CAR CHAMPION

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TROPHY + FREEBIES

MARK ANTHONY L. AQUINO / STACEY CARWASH

10. BEST IN STOCK CHAMPION

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TROPHY + FREEBIES

JAYMARK TAN / MOREBITES

U.) BEST IN VINTAGE CAR CHAMPION

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TROPHY + FREEBIES

CONRAD KIKINGSTON LIM / CARL &SON

SPECIAL AWARDS 1. BEST YAMAHA MOTOR

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TROPHY + FREEBIES

REEDO MARK TIMOSAN / MORE BITES

2. BEST HONDA

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TROPHY + FREEBIES

GLENN MARK CORDOVA / AWAAW

3. BEST KAWASAKI MOTOR

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TROPHY + FREEBIES

GEMAR MEJORADA / MORE BITES

4. BEST MOTORBIKE IN VALENCIA CITY BUKIDNON -

TROPHY + FREEBIES

JOVENCIO BORER

5. BEST MOTORBIKE IN PAGADIAN CITY

TROPHY + FREEBIES

LUGEN MARK GENCONO / ESCAPE

TROPHY + FREEBIES REEDO

MARK TIMOSAN /MORE BITES

V.) BEST OLD SCHOOL 2ND RUNNER – UP 1ST RUNNER – UP CHAMPION

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W.) BEST IN RACING CAR LOOK 2ND RUNNER – UP 1ST RUNNER – UP CHAMPION -

TROPHY + FREEBIES TROPHY + FREEBIES TROPHY + FREEBIES

MARK ANTHONY AQUINO / STACEY CARWASH MARK GUE / TUBINO RYAN ALEMAN /

TROPHY + FREEBIES TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES

VIC IAN LACAR / AJCARHUB JEFFERSON FELISES / AJCARHUB KIMBLE NISPEROS / AJCARHUB

X.) LOWEST GROUND CLEARANCE RUNNER – UP CHAMPION -

TROPHY + FREEBIES TROPHY + FREEBIES

KIMBLE NISPEROS / AJCARHUB RYAN ALEMAN

Y.) LOWEST RIDE RUNNER – UP CHAMPION

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TROPHY + FREEBIES TROPHY + FREEBIES

KIMBLE NISPEROS / AJCARHUB RYAN ALEMAN /

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TROPHY + FREEBIES

MARK ANTHONY L. AQUINO Trix Offroad – SAIDAMEN LEO MANABILANG CHRISTOPHER LIM NORBERT SAHALI

Z.) EARLY BIRD

SPECIAL AWARDS / CAR

NAMES

A.BEST TOYOTA CARS RUNNER-UP CHAMPION

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TROPHY + FREEBIES TROPHY + FREEBIES

BRYAN TAN / THREEBIZ CHRISTOPHER LIM / TRIX OFFROAD

B. BEST HONDA CARS RUNNER-UP CHAMPION

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TROPHY + FREEBIES TROPHY + FREEBIES

RYAN CHIONG / THREEBIZ VIC IAN LACAR / AJCARHUB

NAMES

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6. BEST MOTORBIKE IN CAGAYAN DE ORO CITY 7. MAJOR SPONSOR CHOICE a) SANDIGAN CHOICE b) SM CITY CAGAYAN DE ORO CHOICE c) C – ONE TRADING CHOICE d) KENISE AUTOMOBILES

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TROPHY + FREEBIES TROPHY + FREEBIES TROPHY + FREEBIES TROPHY + FREEBIES

CHRISTIAN REYES REEDO MARK TIMOSAN / MORE BITES REEDO MARK TIMOSAN / MORE BITES REEDO MAR TIMOSAN / MORE BITES

8. EARLY BIRD

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TROPHY + FREEBIES

JOVENCIO S. BORER JR. REEDO MARK TIMOSAN

2ND RUNNER – UP 1ST RUNNER – UP OVER – ALL CHAMPION

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CUSTOMIZED TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES

ROMMIL DONAIRE JOVENCIO BORER REEDO MARK TIMOSAN / MORE BITES

REVOLVING TROPHY BEST TEAM 2ND RUNNER – UP 1ST RUNNER – UP CHAMPION

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CUSTOMIZED TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES CUSTOMIZED TROPHY + FREEBIES

TEAM AUTO HOLE TEAM AWAAW TEAM MORE BITES

MAJOR AWARDS OVER – ALL WINNERS

“THE SECOND CAGAYAN DE ORO INVITATIONAL CAR AND MOTOR SHOW GOES MINDANAO WIDE” SM CITY CAGAYAN DE ORO | PARKING AREA | AUGUST 10 -11, 2013