BusinessDaily (July 31, 2013)

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Volume III, No. 267

Market Indicators

As of 6:13 pm july 30, 2013 (Tuesday)

FOREX

PHISIX

US$1 = P43.40

6,728 points

6 cents

X

10.34 points

X

Briefly R-10 energy sales NORTHERN Mindanao has consumed a total of 728,672,057 kilowatt per hour (kwh) of electricity during the first quarter of the year.

This is actually higher by 0.49 percent over the 725,139,405 kwh. of energy sold to the region in the same period of 2012, Engr. Leon M. Dacanay, Regional Director of the National Economic and Development Authority (NEDA), region 10, said.

Gathered from the National Grid Corporation of the Philippines (NGCP), the NEDA data also show that among the five provinces of region 10, Misamis Oriental, continued to be the biggest energy consumer of the region with its energy sales of 498,396,217 kwh., during the period.

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UN: Conflict, poor infra hinder Mindanao dev’t

T

By IRENE DOMINGO, Reporter

HE continued armed rebellion and the lack of vital infrastructures remain the major factors why the quality of life in nine Mindanao provinces is still the country’s worst.

T he United Nat ion’s Philippine Human Development Report said t hat t his indicates t hat conf lict and poverty were

intertwined in Asia’s fastest growing economy.

In its latest report, most of the 10 lowest-ranked provinces in the Philippines

are conflict-ridden.

Sulu scored the lowest, with a human development i nd e x (H DI) of 0 . 216 , followed by Maguindanao, 0.300; Tawi-Tawi, 0.310; Zamboanga, 0.353; Agusan d e l S u r, 0 . 35 4 ; D av a o Oriental, 0.356; Sarangani, 0.371; Zamboanga del Norte, 0.384; and Lanao del Sur, 0.416.

Conflict/PAGE 11

SCAVENGERS. A waste picker walks on a heap of garbage at the Cagayan de Oro dumpsite. Many scavengers make their living by scouring the 300 to 400 tons of garbage dumped at this facility everyday in Zayas, Brgy. Carmen. MindaNews photo by Froilan Gallardo

Cagayan de Oro is PH’s most competitive city

Green summit THE Climate Change Commission has set the ‘Greeneration’ Summit on August 2 at the Capitol University here.

S e c r et ar y Lu c i l l e L .

Sering said this summit fo c u s e s o n i nfo r m at i o n dissemination on climate change and its effects. “Part of the effort is to avoid seeing loss of lives especially with what happened in typhoon ‘Sendong’.”

According to a Social Weather Stations (SWS) survey on climate change for the first quarter of this year here in the country, 63 percent said they did not do anything to reduce climate change in the past three years. Sering said, “This is a substantial percentage, it’s either they don’t know what to do or they don’t care.”

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SK ELECTION: Workers repaint the ballot boxes at the Cagayan de Oro City Hall ground in preparation for the forthcoming Barangay and Sangguniang Kabataan (SK) slated in October 2013. photo by rolando sudaria

W HICH cit y is t he most competitive in the Philippines? And no, it’s not Makati, Cebu or Davao.

According to t he National Competitiveness Council (NCC), Cagayan de Oro is the Philippines’ most competitive city in 2012. San Francisco in Agusan del Sur is the most competitive municipality in 2012.

A city’s competitiveness was measured using three indicators: economic dy na mism, government efficiency and infrastructure.

A f ter Cagaya n de Oro, the top four “most competitive” cities were Iloilo City; San Fernando, Pampanga; Butuan City and Bacolod City. competitive/PAGE 11

Oro businessmen urged to be extra careful THE influential Oro Chamber of Commerce and Industry Foundation, Inc. (Oro Chamber) on Tuesday warned its members to be extra careful while the suspect in the bombing incident at the Limketkai Complex here on Friday remains at large.

In a memorandum circulated to Oro Chamber members Monday night,

chamber president Efren Uy said “we would like to encourage everyone not to frequent crowded areas while the perpetrators are still at large.”

Uy also encouraged those who witnessed the Friday bomb explosion to cooperate with the local police and to help law enforcers speed up in the

investigation.

He said the innocent victims of the Friday bomb explosion and the people of Cagayan de Oro want the criminals to be brought to the bar of justice.

In the same memorandum, Uy exhorted Oro Chamber members to offer a silent prayer to all those who perished in the tragic incident. (PNA)

Cagayan de Oro City at night time.

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Economy

‘Wealth-sharing agreement paves PHL among most way for inclusive growth in M’nao’ innovative economies THE National Economic and Development Authority (NEDA) said that the recently signed wealth sharing agreement between the Philippine Government (GPH) and the

Moro Islamic Liberation Front (MILF) will pave the way for a more inclusive development in Mindanao, especially in the proposed Bangsamoro areas.

THE 6th Edition of the Global Innovation Index (GII) 2013, released on July 1, 2013, ranked the Philippines the 90th most innovative economy in the world, up five notches from 95th in 2012, due to positive changes in the country’s business institutions and market sophistication.

The index covered 142 economies worldw ide, usi ng i nd icators such as quality of top universities, availability of microfinance, and venture capital deals.

The Philippines scored 31.2 out of 100 in the

global innovation index, compared to 29 last year.

Listed as the country’s strengths were its pool of Filipino science and engineering graduates, market capita lization, business-financed research and development, joint vent u re a nd st rateg ic alliance deals, high and medium-high technology ma nu factu rers, a nd knowledge diffusion.

The Philippines showed improvement in “institutions” indicator, scoring 44.8 and placing 128th, up from 132nd last PHL/PAGE 10

“ T he wea lt h sha ring a c c ord w i l l a l l ow t h e Ba ngsa moro to at ta in financial independence and enable it to steer its own growth and development,” said Maria Lourdes Lim, regional director of NEDA Regional Office XI and chair of the GPH technical working group (TWG) on wealth sharing.

Li m h ig h l ig hted t he pr ov i s i on s on of f i c i a l development a ssista nce

(ODA), the establishment of the Intergovernmental Fisca l Pol ic y Boa rd , Ba ngsa moro Aud it i ng Body and formulation of the Bangsamoro development plan, gender and development as among the mechanisms that will help spur investment and open up socioeconomic opportunities in the area.

The Annex on Revenue Generat ion a nd Wea lt h Sharing, which is an growth/PAGE 10

P70-M Sibugay infra projs up

ZamboSur declares all-out war vs illegal gambling

PA Y A O , Z a m b o a n g a Sibugay—T he Reg ion 9 office of the Department of Agrarian Reform (DAR-9) has allotted some R70 million for the construction and improvement of a communal irrigation system, and rural infrastructure projects in this municipality.

DAR-9 Director Julita Ragandang said the allocation was drawn from the Agrarian Reform Community Project infra/PAGE 10

PAGADIAN CITY—Governor Antonio Cerilles has declared an all-out war anew against illegal gambling which remain rampant in this province.

In line with his order, Cerilles issued an Executive Order “reconstituting the antiillegal gambling task force” to spearhead the campaign as well as monitor and address complaints against any form of gambling activities.

Provincial police director Senior Supt.

Thomas Abellar has been designated as the task force head with officers and personnel from the National Bureau of Investigation (NBI), Criminal Investigation and Detection Group (CIDG), Provincial Public Safety Company and the academe as members.

“I am calling the authorities, resident

and even the local media to support the campaign against illegal gambling,” Cerilles said.

He also asked the religious group to help in the anti-illegal gambling campaign.

He said gambling makes the poor poorer as it entices them to bet even the money intended for the food of the family.

He noted that among the rampant illegal gambling in this province are video karera and swertres, among others.

Meanwhile, he warned politicians and policemen who are “protectors” of illegal gambling that if evidence warrants, they will be dealt with accordingly.

Cerilles led Friday the signing of a covenant against the entry and proliferation declares/PAGE 10

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SM Prime posts 15% 2Q profit Prudentialife Plans to start T H E cou nt r y ’s big ge st shopping mall developer and operator today reported a 15 percent increase in net income during the second quarter on the back of new mall openings and samestore rental growth.

In a disclosure to the Philippine Stock Exchange, the Henry Sy-led SM Prime Holdings Inc grew its net earnings in the April to June period to P2.85 billion from P2.49 billion in the same three-month period last year.

Net profit in the first half rose at the same pace to P5.64 billion from P4.92 billion a year ago.

Gross revenues jumped 16 percent to P8.72 billion in the three-month period from

P7.54 billion in the previous year, pushing first-semester revenues by 14 percent to P16.55 billion from P14.57 billion.

Driving revenues in the first half were the six new malls opened in 2012 and this year coupled with the higher contribution of the company’s malls in China.

Same-store rental growth stood at seven percent.

“SM Prime continues to deliver strong revenue g r ow t h a f f i r m i n g ou r positive outlook for 2013.

More i mp or t a nt ly, t he increasing patronage and support that SM Supermalls receive from its customers drive us to deliver better services and concepts that

cater to the needs of everyone.

In return, we take strides to provide greater convenience, diversity, fresh concepts and exciting experiences in all our SM Supermalls,” said SM Prime president Hans T. Sy. The five malls in China contributed P1.39 billion in 2013 or eight percent of consolidated revenues.

The China operations also accounted for a tenth of SM Prime’s consolidated rental revenues.

Gross revenues of the five malls in China increased nine percent during the six-month period due to improved productivity and lease renewals for the first sm/PAGE 10

paying planholders in Aug. PLANHOLDERS of Prudentialife Plans Inc next month can begin claiming par t of t he money t hey invested in t he preneed company after the Insurance Commission (IC) decided to liquidate what remains of the shuttered firm’s assets.

“Based on our evaluation, we honest ly believe liqu idat ion is t he most beneficial at this point,” said IC chief Emmanuel Dooc.

Prudentialife has only P8.3 billion in assets, with P5.2 billion considered as liquid, or that part that can be converted into cash within 12 months.

According to the IC, the first phase of the payment would involve the preneed f irm’s 250,000 qualif ied planholders sharing among themselves the proceeds of

the sale of the P5.2 billion in liquid assets.

But of the 18.52 percent average claim for ever y education planholder, only paying/PAGE 10

Petron acquires fuel supply contract for power barges BDO Unibank posts PETRON Corp has topped the bidding for the fuel supply of government’s power barges.

In a notice of award, state-run Power Sector Assets and Liabilities Management Corp (Psalm) said Petron bagged the contract to supply the industrial fuel oil requirements of Power Barges (PB) 101, 102 and 104.

The country’s largest oil refiner will deliver 3.8 million liters of oil-based fuel to PB 101, 3.8 million liters to PB 102, and 10.1 million liters to PB 104.

The contract price for the fuel supply procurement is P120.9 million each for PBs 101 and 102, and P321.9 million for Petron/PAGE 10

MEDIA PARTNERS:

143% increase in profit BDO Uniba nk Inc., t he ba n k ing a rm of t ycoon Henry Sy’s holding firm SM Investments Corp., reported its first half net income more than doubled on the strength of all business segments.

Net ea rnings f rom January to June reached a record P14.1 billion from P5.8 billion a year earlier, up 143.1 percent, the bank noted in a statement Monday.

Gross customer loans rose

12 percent to P806.6 billion while total deposits breached the P1 trillion mark, growing by 17 percent to P1.02 trillion on the sustained increase in low-cost deposits.

As a result, net interest income expanded by 14 percent to nearly P20 billion.

Non-i nterest i ncome surged 81 percent to P20.3 billion, driven by fee-based service income of P7.6 billion BDO/PAGE 10

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CongressWatch

Hearings on proposed 2014 Paez backs probe nat’l budget to start Aug. 7 of ‘P10-B pork scam’

By BONG D. FABE

THE Chairman of the House Committee on Appropriations expressed hope that Congress can start by August 7, hearings on the proposed P2.268 trillion national budget for 2014 after a full organization of the panel.

“We a re st i l l i n t he process of organizing the vice-chairmen and members of t he Commit tee on Appropriations, after which we will come up with the budget calendar. We hope to start the budget hearings by August 7,” said Rep. Isidro Ungab (3rd District, Davao City).

He said the appropriations committee will have 20 vice chairmen, and if the House will follow the rules of the previous Congress, the panel will have more than 100 members. “The vice chairmen

are mostly incumbents and returning congressmen who used to be vice-chairs of the appropriations committee,” Ungab said.

So far, 18 solons have been named vice chairpersons of the panel. They are Reps.

Joaquin Carlos Rahman Nava, Ma ria Zena ida Angping, Ma. Victoria SyAlvarado, Rolando Andaya, Jr., Joseph Gilbert Violago, Josephine Veronique LacsonNoel, T hel ma A l ma rio, Emil Ong, Dakila Carlo Cua, Mercedez Alvarez, Ben Evardone, Eric Singson,

Ma. Carmen Zamora, Bai Sandra Sema, Gabriel Luis Quisumbing, Celso Lobregat, Pr yde Henr y Teves and Leopoldo Bataoil.

“Two more vice chairmen will be named to complete the 20,” Ungab said.

Ungab said the first to present during the budget hearings will be the cabinet level inter-agency committee, the Development Budget Coordination Committee (DBCC).

The DBCC is composed of the Secretary of Budget and Management (DBM), as chairman; the DirectorGeneral of the National Economic and Development Aut hor it y ( N E DA) Secretariat, as co-chairman; and the Executive Secretary,

Secretary of Finance and the Governor of the Central Bank of the Philippines, as members.

Based on t he N EDA website, the DBCC recommends to the President the following: Level of annual government expenditures and the ceiling of government spending for economic and social development, national defense, and government debt ser v ice; Proper allocation of expenditures for each development activity between current operating expenditures and capital outlays; and; amount set to be allocated for capital outlays broken down into the various capital or infrastructure projects. hearings/PAGE 11

REPRESENTATIVE Cresente C. Paez of the partylist group Coop NATCCO has thrown his support to moves to have an independent panel of retired magistrates investigate congressmen involved in the alleged P10-B pork barrel scam.

Paez, who was recently given the chairmanship of the House Committee on Cooperatives Development, said he is fully supporting the call of Sen. Miriam DefensorSantiago that the “pork scam” be investigated by a panel of retired judges.

“I support the idea of Sen. Miriam Defensor-Santiago that this should be investigated by an independent probe panel of retired magistrates to determine culpability of those involved,” he said.

Paez said he does not fear any investigation into NATCCO’s priority development assistance fund (PDAF) or “pork barrel” because the partylist group is “very transparent in the implementation of its PDAF-funded projects.”

“For instance, as congressman, I do not identify and implement projects. We have a committee composed of representatives of cooperatives who identified projects. And these projects are implemented by government agencies whose beneficiaries are cooperatives themselves,” he said.

Paez/PAGE 11

Migrante raps House on Bello committee

MisOcc’s Almonte named chair of Ethics Committee

By Ben R. Rosario

THE Malacanang-backed majority in the House of Representatives has reclaimed leadership of the House Committee on Ethics, which is usually given to the minority as safeguard in ensuring objectivity in deciding cases against lawmakers.

Second-termer Rep. Jorge Almonte of Misamis Occidental (1st District) has been designated principa l nominee to the chairmanship of the ethics panel which is tasked to investigate and decide on complaints of abuses and moral turpitude against House members.

Almonte, a member of the ruling Liberal Party, will take over the post previously held by the late Bohol Rep. Erico Aumentado, a member of the minority bloc during the 15th Congress.

The House minority led by San Juan Rep. Ronaldo Zamora did not raise any complaint against the majority bloc’s decision although it was explained that release of the committee to the minority is a prerogative of the ruling coalition.

A l monte wa s a mong t he congressmen who were nominated

by Majority Leader Neptali Gonzales II to head various committees and comprise important House bodies.

Vice chairmanship for t h e p owe r f u l c om m it t e e on appropriations have also been filled with the announcement of 12 solons belonging to the majority bloc.

The committee chairman, Liberal

Party Rep. Isidro Ungab, and seven other vice chairmen have previously been nominated and considered elected to the posts.

The minority bloc led by San Juan Rep. Ronaldo Zamora has yet to submit its nominees for its membership allocation in the 58 regular committees and 11 special committees of the Lower Chamber.

All nominations are deemed approved by the Chamber.

Majority Leader Neptali Gonzales III said the new batch of 12 vice chairmen of the appropriations panel are Reps. Thelma Almario; Emil Ong, Dakila Carlo Cua, Mercedez Alvarez, Ben Evardone, Eric Singson, Ma. Carmen Zamora, BVai Sandra Sema, Gabriel Luis Quisumbing, Celso Lobregat, Pryde Henry Teves and Leopoldo Bataoil.

Named head of the influential Committee on Appointments is Samar Rep. Mel Senen Sarmiento. The House contingent to the panel include Reps. Antonio del Rosario; George Arnaiz, Anton Lagdameo, Rodolfo Farinas, Rommel Amatong, Rufus Rodriguez, Rosendo Labadlabad, Roy Loyla and Conrado Estrella III. The House of Representatives Electoral Tribunal will be comprised of Reps. Franklin Bautista, Joselito Mendoza and Wilfrido Mark Enverga.

Committee chairmen are: Rep. Karlo Alexei Nograles, labor and employment; Rep, Kaka Bag-ao, Almonte/PAGE 11

Turnover of Day Care Center in Bugo. Congressman Rufus Rodriguez and Bugo Barangay Chair Raul Aleria lead the ribbon cutting in this turn over ceremony for the repair of the Day Care Center in Villa Trinitas amounting to P70,000. Also in photo are Abante Mindanao Party List Cong. Maxie Rodriguez, DPWH Dist. Engr. Allan Borromeo, ADE Cesar Hipona, parents and pupils.

FILIPINO migrant rights advocacy group Migrante has questioned the decision of the House leadership to award the chairmanship of the House committee on overseas workers affairs to Akbayan Rep. Walden Bello.

M i g r a n t e Vice Chairperson John Leonard Monterona said that the com m it tee shou ld have been given to OFW Family partylist group representative Roy Seneres, Sr. Monterona said overseas Filipino workers prefer Seneres to chair the committee over Bello, a known administration ally.

(MST)

Fortun seeks establishment of marine protected areas BUTUAN CITY—Agusan del Norte First District Rep. Lawrence “Law” Fortun has filed a bill seeking to establish the marine protected areas (MPAs) in all coastal cities and municipalities in the country.

The bill states that the State should ensure that utilization of marine resources should be sustainable. The legislative measure defines MPAs as “areas of the sea established and set aside by law, administrative regulation or any other effective means in order to conserve and protect a part of or the entire enclosed environment, through the establishment of management guidelines.”

MPAs need not be contiguous and must have a “minimum size of ten (10) hectares, unless the total area of the municipal waters is fifteen (15) hectares or less, in which case the MPA shall comprise fifteen percent (15%) of the municipal waters”.

It further classifies MPAs as marine reserves, marine park, and marine sanctuary. Under MPAs,

access to, and uses of marine resources are defined, regulated and controlled in a manner consistent with its classification.

The house bill also puts premium on citizen’s participation in protecting marine ecosystem and biodiversity through a co-management scheme.

As the house bill puts it, “the State also takes cognizance of the preferred status of the citizenry as the primary users and beneficiaries of the country’s resources. As such, Filipino communities are therefore acknowledged as crucial partners in the effort to conserve and manage our natural marine resources.”

Among the salient provisions of the bill are the violations and the corresponding sanctions which states: “unless otherwise allowed in accordance with this Act, the NIPAS Act of 1992 (Republic Act No. 7586), the Philippine Fisheries Code of 1998 Fortun/PAGE 11

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Members of the Stella Maris College HS Batch 88 plant mangrove in Oroquieta City. contributed photo

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PHL at pace with global green drive

By Roger M. Garcia

THE current pace of the country’s “green movement ” has been steadily keeping up with the global agenda in terms of adopting green technologies and methods.

Mangroves: Insurance against nature’s wrath (Conclusion)

By Philipp Gassner

VIETNAM has decided to plant and protect nearly 12,000 hectares of mangroves, spending $1 million but saving annual expenditures of well over $7 million, on dyke maintenance alone.

Try to get such interest rate from your bank.

If you include the other ser vices provided by mangroves, 1 square kilometer of mangroves is worth a jaw-dropping $900,000 a year. What a nice savings account for every coastal community. But this account has a flip side: By hastily taking too much money out of it—say, in form of timber for a beach cottage, worth a couple of hundred dollars—you will lose an incredible amount of yearly interest rate.

ASEAN: Bestowed with mangroves For the ASEAN region as a whole, this foregone annual benefit is estimated at staggering $2.2 billion by year 2050, with Indonesia expected to suffer the highest losses at $1.7 billion per year.

Sadly, many have not realized the vast value of their mangrove account yet. While Southeast Asia’s account contributes 35 percent of the mangroves found on earth, half of it was already lost during the last decades.

With grim symmetry, also half of global mangroves are lost, as well as half of Philippine mangroves, or half of Vietnam’s mangrove rich Mekong Delta.

“An area of 628 sq km of mangrove got stripped away each year throughout the last couple of decades,” said Demetrio L. Ignacio Jr., then-acting executive director of the ASEAN Centre for Biodiversity (ACB), in his message as keynote speaker during the Regional Symposium on Mangrove Ecosystem Conservation in Southeast Asia on February 27 in Surabaya, Indonesia.

Indonesia contributes around 3 million hectares of mangroves, an estimated 21 percent of the world’s remaining supply. But conversions to oil-palm plantations and shrimp ponds make Indonesia rapidly lose its green fringes.

Similarly in the region, mangroves are lost to aquaculture, to urban, coasta l and agricultura l development.

This not only causes a huge financial loss, but also loss in biodiversity, loss in esthetic value, and loss in food and livelihoods—particularly severe for the estimated 600 million people, depending directly on mangrove insurance/PAGE 7

This was noted by Singapore’s Building and Construction Industry Group Director for International Development, Koh Lin Ji who is also in charge of the Green movement of that country during a recent Manila media briefing.

During the same briefing, proponents of green technologies led by Christopher C. Dela Cruz, CEO of the Philippine Green Building Council (PHILGBC) presented the Philippines’ integrated approach in its ongoing efforts to promote green building and sustainability for the country.

De la Cruz will be sharing Philippine’s green efforts and ideals at the International Green Building Conference (IGBC) this September in Singapore, an event held in conjunction with Build Eco Expo Asia (BEX Asia) 2013.

Dela Cruz noted the development of the BERDE green building rating system for the Philippines, is harmonized with the work of other National Green Building Councils in the Asian region.

“As more eco-friendly buildings are built in Asia, use of natural resources are more efficient, green jobs are created, the shift to a greener economy is facilitated.

We envision for Asia becoming the global hub for green building leadership”, he said.

“The Department of Energy (DOE) in partnership with PHILGBC, hopes to demonstrate the potential environmental benefits and financial savings through drive/PAGE 7

Ozamiz CDRRMC comes up with disaster preparedness protocol OZAMIZ CITY—The Ozamiz City Disaster Risk Reduction and Management Council (DRRMC) had come-up with a disaster preparedness and response protocol to be observed during typhoons, f loods, landslides, and storm surges.

Such protocol will serve as manual/ guideline on what the CDRRMC should do before, during and after the calamity to properly respond to the prevailing situation and reduce the risk/prevent the loss of lives and property of the residents, said Mark Vincent E. Israel, CDRRMC officer.

Israel said the guideline provides a checklist of the following activities to be done during the pre-calamity phase: (a) strengthening of the CDRRMC; (b) reactivation of the barangay DRRMC; (c) formulation and approval of the local DRRMC and Contingency Plan; and (d) installation of the Early Warning System and Evaluation Alert System.

The guideline also said that there should

be a completion of a scheme of pre-emptive and forced evacuation on the communityat-risk and establish linkage with the civil societies, non-government organizations, and other volunteer groups.

It also mandates the conduct of an intensified information, education and communication program, mostly consisting of public orientation/briefings and disaster drills and establish a directory with contact number of members.

The “protocol” also mandates that a P100,000 be set aside as revolving fund taken from the Local DRRM Fund and come up with a Disaster Risk ReductionClimate Change Adaptation (DRR-CCA) Integration in the City Development Plan.

Lastly, the “protocol ” mandates a Comprehensive La nd Use Pla n a nd Annual Investment Plan, “No Build” Zone Ordinance, Tree Planting and Growing Program and periodic de-silting, dredging, widening and deepening of riverbeds. (PIA)

CAGAYAN DE ORO CITY—The City Government of Cagayan de Oro and the World Food Program (WFP) are now closely working to mitigate the ill effects of natural disasters and calamities, including the negative impact of climate change.

In a recent meeting, WFP representatives presented its plans and programs that aim to enhance disaster preparedness and mitigation on high-risk communities in the city.

These include rain water catchment system and catch basins which geared towards the reduction of the volume of water flowing

onto low-lying areas during heavy rainfall.

City Social Welfare and Development Officer Teddy Sabuga-a is optimistic that the project would greatly benefit the residents living on disaster-prone and flood-prone areas.

Identified priority barangays are: Bulua, Carmen, Dansolihon, Iponan, Kauswagan and Macasandig, including barangays located along the riverbanks such as Barangay 7, Barangay 10, Barangay 13, Barangay 15, Barangay 17 and Barangay Consolacion.

(PIA)

WFP, CDO LGU join hands to mitigate CC impact

Paco pilots eco-precinct

ENVIRONMENT advocate Regina Lopez opened recently the first eco-precinct in the country along Estero de Paco to champion her advocacy of a pollution-free community that is also crime-free.

Lopez said the Kapit Bisig para sa Ilog Pasig of the ABSCBN Foundation partnered with the National Police to put up the “green station” to promote environmental awareness and enforce related laws and ordinances.

“Estero de Paco will serve as a model on how the police and community work together. This will become a small paradise in Manila,” Lopez said in her remarks during the launching last Thursday.

“It’s against the law to throw garbage in esteros but nobody’s taking it seriously.”

Manila Police Chief Isagani Genabe, Jr. said destroying the environment is deemed a crime.

“The eco-precinct will become our first line of defense in protecting the environment.

This will help us reach our goal of reviving our waterways and the Pasig River,” he said.

Volunteers called River Warriors will be trained and deputized to go after litter bugs and other violators, according to Ginez.

“The police and the River Warriors will work together.

Our River Warriors will be here 24/7,” Lopez said.

She thanked the National Police for donating P800,000 to put up the eco-precinct which will be replicated along Estero de San Miguel and other creeks. (MST)

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Get hold of happiness THINK

hink a minute…Have you heard of the new emotional A Minute sickness called Sudden Wealth By Jhan Tiafau Hurst Syndrome?

It happens to people who suddenly become rich by winning a big lottery jackpot, inheriting a lot of money, or other quick ways.

But then what these newly rich people often find out is that it doesn’t end up being the happy dream they expected.

They soon discover what many other rich people already know: money can’t buy happiness that lasts.

But that’s just our problem: we think that happiness is something out there that we have to find and get, like money, a position of respect and power, or physical pleasure and fun experiences.

We think we’ll finally be happy after we get out of school or when we get married.

But then even when we do finally get it, we find out it doesn’t last and make us happy for the rest of our lives like we expected.

So how do we get hold of happiness that lasts for a lifetime?

Well, the first big step is we must admit that we’re not totally happy and we need help.

But that’s hard for us strong, independent human beings to do!

We’re like the man who came home drunk one night.

As his wife helped him into bed she asked him if he wanted her to pray for him.

He nodded yes.

So she began: “Dear Lord, I pray for my husband who lies here drunk.”

But her husband suddenly interrupted her and said: “Don’t tell Him I’m DRUNK! Just say that I’m…SICK!” In our own heart and conscience we all know that we’ve done things wrong and failed to live the way we know we should.

We’ve not always lived in a close, right relationship with our Maker, and many of us won’t admit that we’re wrong and have failed.

Neither will we admit that we can’t fix our life and hurst/PAGE 7

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Give back MWSS billions to people

IFE’S INSPIRATIONS: “…Would your wealth or even all your mighty efforts sustain you so you would not be in distress?” (Job 36:19, the Holy Bible).

-ooo MWSS BILLIONS: WHO SHOULD BENEFIT FROM THEM? So, the Metropolitan Waterworks and Sewerage System (MWSS) is earning billions now under the Aquino government. But should those earnings be used to reward its officials whose main job description is really to make it earn anyway, or should the money be used instead to further improve the agency and make potable water more accessible to millions of people?

Are not MWSS officials government officials, too, who are already being paid fantastic salaries and allowances, precisely to do their job, just like the rest of the bureaucracy?

Why is there a need to give additional fat bonuses to MWSS officials who merely did their jobs as expected of them anyway?

How about other government officials who have been doing their jobs comparably well in other government agencies which do not generate money, but which are similarly involved in the delivery of equally-important and equally-urgent basic services? The government will just say “thank you” to them, and bid them to continue performing their work?

-ooo MWSS BILLIONS CAME FROM CONSUMERS’ MONEY: What is revolting here is the fact that, the billions

T

I

of pesos t hat t he M WSS ak ampi supposedly earned actually Mo A ng Batas came from the high water

By Atty. Batas Mauricio rates that its concessionaires have been collecting from Metro Manila residents, and from the residents of adjacent provinces which are covered by the concessionaires’ franchises.

In short, the MWSS billions represent the blood, sweat and tears of water users, who are compelled---as they do not have any other alternative, since the MWSS is a water monopoly---to pay ultra high water rates. The question is: since the MWSS is a government agency that is mandated to provide a very basic service to the people, why should it be concerned about earning billions?

What the MWSS should be concerned about, really, is making potable and clean water accessible and available to its customers, at rates that are not oppressive and designed as if the MWSS is a private corporation whose only reason for being is profits, and nothing else. The MWSS must forever remember that it is a government entity that is sworn to serve the people, nothing more, nothing less.

-ooobatas/PAGE 7

K

Do not vote for re-electionists

he reason we shouldn’t vote for re electionists is simple.

If the administrator or legislator asks for another term in office, how is it he or she requires another term when they already had their chance in office.

To ask for another term to only make promises is suspect.

As for legislators, if they have not pursued their legislative agenda and accomplished what it is they aspired to legislate, no term extension will obviously complete his or her proposals.

And should the re electionists ask for another term, they shouldn’t have to campaign other than register because their successes will dictate their mandate from the people who will either have been satisfied regardless of not being made aware of their work.

And should it be the latter, then the politician must have failed with his PR campaign to convey his successes (and either way he or she has failed).

As for administrators who require additional terms in office, be wary should he campaign hard for it because they are only obviously building an oligarchy to sustain their authority obviously thru their offices.

In this election let us STOP voting not only for those with political dynasties (or families in government) but also re electionists who are trying hard to win the election.

If and when the voting public is aware of his or her

ROSE MARY D. SUDARIA, Ph.D. General Manager

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successes, there is no need to campaign other than to B randing register for the office.

By Harry Tambuatco We need to elect new officials and new family names into office.

Let us remember; “equal opportunity for public office” as stated in the constitution Article II Section 26.

At t he rate t he major political parties are saddled with dynasties and mostly re electionists, we need to shun most of them to pave the way for new politics.

Should we as a people have issues with government, taking this to measure then our politicians have failed and should no longer be voted into power.

Beware of those politicians who stay the positions to win mandates, they only wish to perpetuate themselves into power as they build their power and inf luence to sustain their oligarchies.

And should we have to have to convince you why dynasties are wrong, then all is lost.

Tambuatco/PAGE 7

Find your reasons

f you have enough reasons, you can do the most incredible things; you can get through the most difficult day; you can overcome the most unbelievable challenges.” – Jim Rohn For someone in his right mind to be asked, “Do you have dreams and goals in life?” A resounding “Yes!” for an answer is naturally but expected.

Living a life without concrete and realistic goals is like a ship leaving port into the open sea without any particular destination in mind. It’s like letting your sails catch the wind and just going to the direction where it blows – even if it’s leading you to the rocky shoals!

Imagine waking up one day not having any particular thing in mind to do. The day passes by with you going back to where you started, not being able to do much of anything of value. A day goes wasted. Imagine doing this on most days, most months, and most years of your life.

How greatly stifling to your potential could it be?

A great mentor once directed, “Go validate each goal you have in life.” Is it a goal worth pursuing? Is it a goal worth trading your precious time for? And when this is properly established, you might ask something further to screen it out. Could you do it? Would you do it?

Can you do probably it? Can you go wake up at 3am everyday to sell fish in the market to earn a decent living?

Can you burn the night candle for the next five years after college to finish medical school? Can you have enough confidence to show a product to someone, hoping you might profit if this person will buy this product from you?

Can you be more disciplined to regularly save and invest 20% of your earnings to attain a bright and financially free

future? Most people would say yes, they probably can.

Financial D octor But would you really do

By Adonis Agcopra it? “Yes I might, but...” And the buts and all self-limiting notions star t k ick ing in.

When you start going our of your comfort zone, you start treading unfamiliar territory and the butterf lies in your stomach do start flying high.

“Yes I wou ld st r ugg le to become financially free, because I want to live life with the power to make my own choices. Yes, I would because...” And the more reasons you can provide after the “because” part, the more you will be compelled to do what needs to be done. The more reasons you have in life for doing what you have to, the more courage you can muster and the more motivated you will be in pursuing them to completion.

Go for a quest and find the biggest reasons for your success. Find enough reasons to be financially free! Then let your financial freedom fuel your dreams of living life to the fullest. Do it now!

---- (Dr. Adonis Agcopra, MBA, CIS, RFC® is with the IARFC and is portfolio director of AFIC Meridian Consultants. URL: www.aficfinancialconsultants.com.

Email: aficfinancialconsultants@outlook.com.)

THE

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LGUs undergo Training on PPP Project Preparation, Structuring Opol, Misamis Oriental – TO foment the implementation of infrastructure and/or development projects throughout Mindanao, the Department of Agriculture – Philippine Agricultural Development and Commercial Corporation (DA-PADCC) and the National Economic Development Authority – Public Private Partnership (NEDA-PPP) Center, recently held a three-day

Training-Workshop on PPP Project Preparation and Structuring for Local Government Units (LGUs) on July 23-25, 2013, in this town.

Attended by representatives from the Provincial Planning and Development Offices, Provincial Agriculture Offices and the Provincial Enterprise Development Offices of the LGUs, the training-workshop primarily aimed to

capacitate the participants in preparing the required technical documents during the initial stages of a potential PPP project and in structuring its corresponding business plan.

Despite recognizing the challenges in conveying deeper and lasting impact on development, DA-10 Regional Executive Director Lealyn A. Ramos expressed her optimism that through the activity,

it will be able to bridge the problems among the LGUs in complying with the technical requirements entailed for the preparation of potential PPP projects.

According to Inah Geneve Tolentino, a staff of the NEDA-PPP Center, PPP is a range of possible contractual arrangements between the government and private entities to accelerate the provision and/or execution of infrastructure and/

or development projects/ services, characterized by clearly-defined roles and the sharing of rewards/ revenues/costs/rises among the partners involved.

Major topics tackled were the Business Case Development and the Feasibility Study Preparation. In which, the former intended for the LGUs to craft a comprehensive business case to assess the initial viability of a certain project;

while the latter dealt with the rudiments in preparing project feasibility reports which will be used in establishing the practicability of chosen PPP projects.

With the training-workshop at hand, the LGUs were able to initially draft concept notes of their probable PPP projects and a tentative structure in the conduct of an appropriate business case. # (Joanne L. Olson, DA-10)

LGU participants from regions 10, CARAGA and the Autonomous Region of Muslim Mindanao round up as they undergo the Multi-Variate Analysis workshop, wherein they get to screen in choosing projects which can be feasibly ventured through PPP. Meanwhile, DA-10 RED Lealyn A, Ramos (left) extended her appreciation to the attendees for joining the training-workshop in pursuit of becoming catalysts for change. Inah Geneve Tolentino, a staff of the NEDA-PPP Center, on the other hand, heads the discussion on the introduction to PPP and the project structuring module during the first day of the event.

Insurance... from page 5

resources.

And what is more, loss in carbon storage. Almost 1.2 billion tons of carbon are emitted annually from mangroves, 10 percent of c a rbon em issions f rom deforestation globally.

Mangroves for the future: “Our biggest challenge is to make the public aware of t hese t r ue va lues of mangroves,” said Ignacio, whose ACB addresses the p r o b l e m i n nu m e r o u s ways, with support from the German Development Cooperation’s Biodiversity and Climate Change Project.

But how do they want to save mangroves with all their values?

By planting them—easy as that. And you can almost watch them growing. On suitable ground, some species can reach up to 2 meters within two years. A cakewalk.

What is more challenging is to protect the newly planted seedlings, as well as oldgrowth mangrove forest.

As we have seen, they are just so versatile in the goods they provide that people get easily lured into making the fast buck, rather than using the full mangrove potential.

To realize this potential, mangroves conser vation needs to be mainstreamed

into development planning, as the initiative Mangroves for the Future tries to do. Set up after the 2004 tsunami, it offers grants to communities to protect their mangroves, which has been implemented already in about 90 projects across South and Southeast Asia. In t hese projects, people are also trained to understand how best to use and protect their precious mangroves.

Such understanding of mangroves is also crucial i n t he bi g ge r pic t u re .

Mangroves research is a little bit behind compared to ot her t ropica l forest issues. The multitalented plants simply challenge the talents of scientists, as well as decision-makers. Forging collaboration between science and policy is, thus, high up on the mangrove agenda of the ACB. Let’s all take action and help the little torpedo-shaped seedling to protect us from waves—by protecting it from the wave of deforestation.

Help it to provide shelter, livelihood, food, water and a stable climate. Help it to grow in its role as a true multitasker of nature. (BM)

Drive... from page 5

a series of energy efficiency ef for t s on com mercia l, re s id e nt i a l a nd pu bl ic

projects”, Dela Cruz said.

Dela Cruz said that the final report on Philippine Energy Efficient Project: Efficient Building Initiative prepared by PHILGBC is now submitted for approval with the DOE. T he comprehensive report has detailed “doable activities” that could help t he cou nt r y in keeping pace with the current and future directions of the global community for green technology, Dela Cruz said.

He a l s o a d d e d t h at va r iou s prog ra ms such as the Philippine Energy Efficiency project (PEEP) aimed at implementing a series of energy efficiency projects in the commercial, residential and public sectors will soon be in place.

PHILGBC has recently i nt roduced t he re v ised Building for Ecologically Responsive Design Excellence (BERDE), a national green building rating system that aims to help decision makers in the industry in designing, constructing and operating greener buildings. “ T he PH I LGBC w a s ent r usted to ca r r y, t he National Voluntary Green Building Rating System for the Philippines, to provide for a recognition program, a green building rating system for the industry.

We have upgraded the

BERDE rating system with the Efficient Building Initiative of PEEP and came up with a more holistic program that is now becoming more responsive to d i f ferent occupancy ty pe and the different priorities we now have in the property sector, De la Cruz added. (MST)

Hurst... from page 6

make it right by ourselves.

But until we finally face t he facts t hat we’re not completely happy and at peace, our life won’t change.

Ye t t o d ay, i f you’ l l sincerely ask Jesus to forgive you for all your wrongs and living your way; then ask Him to take full control of your life every day, you’ll finally have peace with your Maker and the satisfying life you should be enjoying.

So why not finally get hold of happiness that lasts?

You’ve got nothing to lose and everything to gain.

Just Think a Minute…

Batas... from page 6

G I V E BAC K M W S S BILLIONS TO THE PEOPLE: Viewed in this light, it is therefore greatly scandalous, to say the least, for the Aquino gover n ment to be e ven defending the grant of fat bonuses to MWSS officers.

Those bonuses should be c h a n ne le d b a c k to t he people, in terms of lower rates, and wider coverage of service. That was what we all said in 2010, when the Aquino government first took over Malacanang.

I wonder what happened in the interim, between 2010 and 2013, that we now see top officials of the Office of the President espousing t he welfa re of M WSS of f icers rat her t ha n t he welfare of water consumers?

Something took place here, undeniably. Well, for those who desire to earn so much for themselves, Jesus Christ, our God and Savior, has a word of advice for all you.

He sa id, i n Mat t hew 16:26: “What good will it be for someone to gain the whole world, yet forfeit their soul? Or what can anyone give in exchange for their sou l?” In Job 1:21, it is there written: “…`Naked I came from my mother’s womb, and na ked I will depart’…” What this means is that, wealth and riches will not help us when the time comes!

-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 , 0922 833 43 96. Ema i l: batasmauricio@yahoo.com, m mau r iciojr111@g ma i l. com.

Tambuatco... from page 6

Dynasties are not only e v i l , t he y re s t r ic t t he growth and prosperity of the municipalities and cities they have held hostage while in extended stay in office.

Politics should not be a career, it should be public service.

Starting out as advocacies coupled with the goodwill to help and serve the public gets corrupted in time with the perks the office provides.

At one time or other politicians turn prostitutes unable to refuse favors the off ice promotes and the longer we keep them in office, the stronger the oligarchy becomes.

And before you know it the monster the politicians were trying to replace have become the monsters they replaced.

The oppression of the majority or the masses is the ignorance that is born with their disposition.

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Electroweld Manufacturing Corporation presents products to Cas5 Corporation

by Remee Monique O. Espiritu

A leading manufacturer of welding rods, Electroweld Manufacturing Corporation coordinates with Derrick Du Trading and Cas5 Corporation located at Villanueva in a seminar and demonstration regarding Electroweld’s products: a variety of welding rods and a Solar-branded inverter or welding machine July 19, 2013.

Derrick Du Trading is owned and managed by Mr. Derrick Du and is the sole distributor of Electroweld’s products in t he entire Mindanao region, whereas Cas5 is a feed mill that is still undergoing construction which is managed by Joel Suan, with Engr. Junjun Hagibines and Jimmy “ Dodong” Dua. The welding equipment currently being used for said construction is all courtesy of Electroweld.

A product analyst from Manila where Electroweld’s

main office is located, Mr. Jojo Catabona, came to Cagayan de Oro for the purpose of showing clients the efficiency of the inverter and the proper application of such and the welding rods.

Electroweld has already been in business for 30 years.

Catabona explains in the seminar how a company can save up to 60% in regards to electricity bills upon switching from the convent iona l a lternate current welding machines

Electroweld’s Solar-branded inverter, known to save up more electricity upon usage compared to the conventional welding machines.

Close-up picture of one of the welders using Electroweld’s inverter and welding rods.

that require transformers, to the inverter which uses direct current like any other electrical appliances.

Catabona assures that just because it uses electricity, it doesn’t mean that the power is less compared to the conventional welding machine as it’s in fact up to par or better than such.

Not only that but it’s

two is according to tensile strength or its power, the 3rd is the welding position where 1 means all-position (various angles), and last is the type of coating and its current.

Catabona says that there is no such thing as special or ordinary welding rods, as it’s the number and details located at the welding rod’s

THE WAIT’S OVER! Xian, Georgina, Richard, & Anne proudly bring you our NEWEST COLLECTION— perfectly timed for those shopping cravings you’ve been having!

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SM Accessories has a special treat just for the ladies.

Celebrate ladies’ month with us and avail up to 50% off on selected items, plus get a multi-purpose body bag with your SM Advantage, SM Prestige, or BDO Rewards Card, for a P1000 minimum single receipt purchase at the Ladies’ Accessories Department.

Promo period is from August 1 to August 31 only, so hurry and visit SM Accessories Department, located at the Ground Floor.

comparably smaller and very portable, as a strap is attached to it for the user to be able to carry it around.

For the welding rods Electroweld has the Mild Steel Electroweld 6011, Mild Steel Electroweld 6013/6012, and Low Hydrogen High Tensile Electrocito 7018.

Proper usage of these is in their numbers, as the first

packaging that determines its power and what kind of steel it could be used on. Thus, it’s of utmost importance to always read the instructions that come along with its package.

For interested buyers from Mindanao, Mr. Derrick Du can be contacted through the numbers 09163634123 and/or 09228634123.

Cas5 Corporation, a feed mill in Villanueva with undergoing construction manage by Joel Suan, with Engr. Junjun Hagibines and Jimmy “ Dodong” Dua. The welding equipment used in the production is all from Electroweld.

XU to confer honoris causa on Cardinal Tagle

X avier Universit y w i l l bestow an honorary doctorate in the humanities on Manila Archbishop Luis Antonio G Cardinal Tagle in a special academic convocation on Aug 1, 4 pm at the university’s I m mac u late C onc e pt ion Chapel.

“The honorary doctorate is bei ng conferred upon [Cardinal Tagle] during the Year of Faith in recognition of [his] exemplary service to the Church in the Diocese of Imus, the Archdiocese of Manila, the Philippines and Asia-Pacific,” said Fr Roberto C Yap, XU president, in his letter to the Cardinal.

F r Ya p c o m m e n d e d Cardinal Tagle for inspiring the Church with his “open, joy f u l pa stora l at t it ude, solid theological expertise, compassionate concern for the poor and proficient use of the new media.” “ T he Un iversit y i s especially edified by [his] humble and listening style of servant leadership,” Fr Yap

added.

Cardinal Tagle was the c om menc ement s p e a k er during last March’s academic convocation, with about 1,800 st udent s receiv i ng t hei r degrees. The Cardinal sent his message from Rome where he was attending the installation of Pope Francis. He was the only Filipino Cardinal-elector at the conclave.

I n h i s 3 0 ye a rs a s a priest, Cardinal Tagle has distinguished himself as a servant of God. He lives a life of humility exemplified by his loving care for the poor. He

hosts the Sunday TV program “Kape’t Pan Dasal” and teaches at the San Carlos Seminary, Loyola School of Theology, Divine Word Seminary and Maryhill School of Theology.

He had already served in the Diocese of Imus in various capacities from 1982 to 2011 when he was installed as Archbishop of Manila.

He is the chairperson of the Episcopal Commission on the Doctrine of the Faith of the Catholic Bishops’ Conference of the Philippines, is a member of the Office of Theological Concerns of the Federation of Asian Bishops’ Conferences and is an elected member of the Council of the Synod of Bishops. He became a cardinal in October 2012.

The conferment of an honoris causa on Cardinal Tagle is one of the hallmark activities of Xavier University’s Ruby Jubilee celebration this year. The special academic convocation will be streamed online via www.xu.edu.ph for everyone’s viewing.

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Growth... from page 2

accompanying document to t he main Framework Agreement on the Bangsamoro (FAB), provides that the Bangsamoro will h ave t h e au t hor i t y t o contract loans with any lending institution, except in cases requiring sovereign guarantees which the Central Government will provide.

“Even after the signing of the FAB in October last year, there have been some interest in the area from investors.

In fact, there were already international missions that visited Mindanao to explore potential investments in agriculture, housing, real estate, hotels and resorts.

Through the agreements in the Annex, the Bangsamoro can engage with potential investors through publicprivate partnerships and ODA,” said Lim. The NEDA official added that the national government oversight agencies such as the DOF, DBM and the NEDA may be involved in t he proposed Intergovernmental Fiscal Policy Board, which ensu res t he at ta i n ment of fiscal autonomy of the Bangsamoro.

“The Annex provides that the Central Government will have a representation in the Board. While the list of membership has yet to

be outlined, the oversight agencies will most likely be actively involved in it,” said Lim. The Intergovernmental Fisca l Pol ic y Boa rd , according to the Annex, w i l l be composed of representatives from selected ministries of the Bangsamoro Government, as well as from the Central Government.

It will undertake periodic review of the taxing powers, wealth sharing arrangements and revenue sources needed to implement programs and projects in the region.

Apart from this, Lim said that the NEDA may provide technical assistance to the Bangsamoro Government in the formulation of their development plans.

“Since the Annex provides for the Bangsamoro Government’s participation in national development planning, the NEDA may also be extending its technical expertise in the preparation of the region’s socioeconomic plans and programs,” said Lim. Lim said that the GPHTWG on Wealth Sharing started drafting the technical det a i ls of t he Re venue Generat ion a nd Wea lt h Sharing provision of the FAB in July last year. Work on the Annex followed immediately after the FAB signing in October 2012.

Members of the GPH-

TWG included Department of Finance–National Tax Research Center Executive Director Teresita Rodriguez and Depar tment of Environment and Natural Resources Assistant Secretary Anselmo Abungan, while the MILF-TWG representatives were Dr. Benjamin Domato, Atty. Raissa H. Jajurie and Prof. Alih S. Ayub.

After the draft Annex’s comple t ion, t he T WG s elevated the document to the GPH and MILF peace panels in December 2012.

Sec. Senen Bacani was the lead GPH panel member for the drafting of wealth sharing annex.

The Annex on Revenue Generat ion a nd Wea lt h Sharing, which is one of t he fou r accompa ny i ng documents of the main FAB, was signed by both parties on July 13, 2013. The Annex on Transitional Arrangements and Modalities was signed on February 27, 2013. The other two annexes that still have to be completed are on Normalization and Power Sharing. (PNA)

PHL... from page 2

year. It advanced in market s oph i st ic at ion, s cor i ng 41.75 and ranking of 95th.

Among the factors were ease of getting credit, ease of protecting investors, market capitalization, and trade and competition.

In “creative outputs,” the Philippines rose to 91st place from 108th last year, due to intangible economic assets, creative goods/ser v ices, and online creativity. In innovation — categorized into three: output, input, and efficiency ratio — the Phi lippines got a score of 30 out of 100 to rank 77th in innovation output, scored 32.3 to rank 108th in innovation input, and scored 0.9 in innovation efficiency ratio for a ranking of 24th.

The top 10 in the GII 2013 are Switzerland, with a score of 66.6 out of 100; Sweden, 61. 3; Un ited K i ngdom, 61.2; The Netherlands, 61.1; United States of America, 60.3; Finland, 59.5; Hong Kong, 59.43; Singapore, 59.41; Denmark, 58.3; and Ireland, 57.9.

The Global Innovation Index is an annual publication of C or ne l l Un i ve r sit y ; the European Institute of Business Administration, one of world’s largest graduate business schools; a nd World Intellectual Property Organization, a specialized agency of the United Nations.

It ranks countries in terms of

their enabling environment to innovation and innovation outputs. It recognizes the key role of innovation as factor for economic growth and prosperity, and the need for a broad vision of innovation for developed and emerging economies. The GII has become a benchmarking tool for business executives and policy makers to get innovation insights around the globe. (MB)

Infra... from page 2

2 (ARCP2), which is being funded by the DAR-Asian Development Bank, and the local government unit here.

R a ga nd a ng s a id t he projects include t he rehabi litation of t he 13.5-kilometer BalungisanGuiwan, and the 4.15-kilometer BalungisanUpper Sumilong farm-tomarket roads with a combined total cost of R26.3 million.

Also included under the budget is the R44,400,544 rehabilitation cost for the B a lu ng i s a n C om mu na l Irrigation System.

According to Ragandang, the projects will benefit an estimated 1,098 agrarian reform beneficiaries (ARBs) in the area, including some 10,583 residents of the five villages that will be covered under the project.

The irrigation system is expected to irrigate 580 hectares of rice fields, which will benefit the 315 ARBs in the area, she said.

ARCP2 National Project Director Herman Ongkiko said that of the 134 municipalities covered

by A RCP 2 nat ionw ide, only 22 has qualified so far for the award, and the local government here is one of the recipients of the Performance-Based Grant System.

The award is provided to a local government that had helped the DAR in its goal to improve the lives of the farmers, particularly those in the countryside.

With the award, this municipality will be receiving the amount of 12 million as an incentive.

Ragandang also congratulated Payao Mayor Carol Mendoza for the local gove r n m e nt ’s u nt i r i n g support, and commitments for the implementation of the agrarian reform projects in this municipality. (MB)

Declares... from page 2

of illegal gambling in this province.

The covenant signatories

include Vice-Gov. Jua n Regala, the police, religious leaders and members of the local media. (PNA)

t h ree shoppi ng centers opened in Xiamen, Jinjiang, and Chengdu. The malls have an average occupancy rate of 93 percent.

SM Prime has 47 malls in the Philippines with a total gross f loor area of about six million square meters.

The company also has five malls in China with a total gross floor area of around 0.8 million square meters.

Early in the year, SM Prime opened SM Aura Premier, a state-of-the-art civic center in Taguig with a total gross f loor area of 234,892 square meters.

“Our offerings at the retail podium in the newly launched SM Aura Civic Center showcased SM Prime’s ability to move away from its comfort zone by catering to a new market, whi le staying focused in providing affordable luxury to our core market segments,” the younger Sy said.

For the rest of the year, SM Pri me is schedu led to launch SM City BF in Paranaque and the expanded SM Megamall. By yearend, SM Prime will have 48 malls in the Philippines and five in China with an estimated combined gross floor area of seven million square meters.

can be claimed at the head office of Prudentialife along Gamboa Street in Makati City.

Lawyer Dionne Sanchez of SYMECS, said planholders need on ly present a government-issued ID to claim their checks. SYMECS is the law firm tasked to liquidate Prudentia life’s assets.

If a representat ive would claim the check for a planholder, then the former would have to carry a special power of attorney and an ID. A planholder can opt to email SYMECS their BDO account number so the law firm can deposit the check.

“They just have to signify their intention to avail of this option. We will send a document design. They have to send it back together with an ID and proof of ownership of the account like an ATM or passbook,” said Sanchez.

Planholders can reach SYMECS through its hotline: 5847376.

After the first tranche of payments, the IC has two years to dispose the P3.1 billion of Prudentialife’s non-liquid assets, including real estate properties, having done which the proceeds of the sale would be distributed to the planholders.

Besides selling the nonliquid assets, the IC also will pursue the assets of Prudentialife’s subsidiaries to complete payment to its planholders and creditors.

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from page 3

SM...

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Paying...

4.69 percent can be disbursed u nder t he f i r s t ph a s e .

For pension planholders, only 33.51 percent of the average 47.87 percent will be returned. As for life or memorial planholders, 60.93 percent of the average 87.04 percent receivable would be given back.

“Itong idi-distribute, first tranche pa lang ito.

Mababa pa ang percentage especially sa educational plans kasi hindi pa nabebenta ang non-liquid assets,” said lawyer Luke John Apatan, IC spokesperson.

Claim servicing would be done in a lphabetica l order, with the first 60,000 planholders scheduled to claim their checks on August 15, the next 60,000 on August 24, the third batch of 60,000 on September 3, and the final batch of 65,375 on September 12.

Only planholders who have yet to receive a ny rei mbursement of t heir premiums are qualified to the check payment. Checks

Petron...

PB 104.

T he P5 63.7 m i l l ion offered by Petron for the said contracts is well below the approved budget of P685.5 million that Psalm set.

PBs 101, 102 and 104 are 32-megawatt barge-mounted bunker-fired diesel generating power stations that consist of four identical Hitachi-Sulzer diesel generator units rated at eight megawatts each.

Commissioned in 1981, PBs 101 and 102 are stationed at Barangay Obrero in Iloilo City. PB 104 is moored at the Holcim Compound in Ilang, Davao City.

BDO... from page 3

as well as exceptional gains from trading and foreign exchange activities despite the market volatility in late June.

As of end-June, BDO registered a capital adequacy ratio and tier 1 capital ratio of 18.3 percent and 15.6 percent, respectively, well above the regulatory minimum.

For lifestyle and events updates in Northern Mindanao, read...

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776

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Conflict... from page 1

The report said Sulu’s HDI was almost as bad as those of the African countries of Niger (0.261), Democratic Republic of Congo (0.239), and Zimbabwe (0.140) -- all cellar-dwellers in terms of human development.

The HDI is a measure of huma n development, averag ing t hree basic dimensions: a long a nd healthy life, knowledge and a decent standard of living.

Ideally, the HDI should be close to one.

Luzon dominated the top performing provinces as follows: Benguet, 0.849; Batanes, 0.789; Rizal, 0.734; Cavite, 0.709; Bulacan, 0.699; Bataan, 0.698; Laguna, 0.695; Nueva Viscaya, 0.678; Ilocos Norte, 0.641; and Pampanga, 0.634.

The HDI index in Metro Manila was 0.634.

To b y M o n s o d , a n economics professor at the University of the Philippines and principal author of the 2012/2013 Philippine Human Development Report, said the HDI performance of the provinces was “uneven.”

“I think we can explain the performance of certain areas by things like conflict in Mindanao. Apart from the conf lict in Mindanao, the issue has always been connective infrastructure.

Facilitating the movement of goods and the people has always been an issue,” Monsod said.

She said shipping goods to Mindanao is more expensive than to Hong Kong.

The report pointed out that the combined failure of national vision and denial of local responsibility, amidst the country’s geographical challenges, leads to dissipation of resources that is the “divide-by-N” syndrome.

It added t hat t he pork ba r rel system has institutionalized the “divideby-N syndrome” and has brought about overlapping investments, many small projects with little or no development significance dotting towns and cities, such as waiting sheds, entrance arches and multipurpose pavements.

The results, according to the report, are duplicative infrastructure and programs in disregard of scale, synergy and the conscious integration of larger markets.

Monsod recommended that the pork barrel finance what the provinces considered priority rather than what would benefit politicians.

She said linkages between leading and lagging areas are more important than trying to put a factory in every province that does not work.

Reacting to the report, Socioeconomic Planning Secretary Arsenio Baliscan said updating the Philippine Development Plan 2011-2016 would help the government to better align local and national development plans.

“This is critical if shortand medium-term gains are to take root and carry the country forward into the longer term,” he said.

Baliscan said the remaining three years of the Aquino administration will focus on creating more qua lit y jobs and reduce poverty close to the target of the Millennium Development Goals.

Toshihiro Tanaka, country director of United Nations Development Programme said the report could “unveil solutions to the issue of rising inequality and disparity of urban and rural areas.”

Overall, the HDI of the Philippines is 0.654. Average life expectancy is 69 years, mean years of schooling, 8.9 years; expected years of schooling, 11.7 years; and gross national income per capita, $3,752.

The country ranked 114th out of 187 countries in the UN report. The Philippines’ gross domestic product however grew 7.8 percent in the first quarter, making it Asia’s fastest.—with InterAksyon

Competitive... from page 1

In t he list of top mu n ic ipa l it ie s , t he top five also includes Guagua, Pa mpanga; Carmona, Cavite, Daet and General Trias.

Gui l lermo Luz, NCC private sector chairman,said the rankings can be used by investors when picking their business location.

With the top city and municipality coming from Mindanao, Luz noted this is proof that government projects to tap Mindanao’s potential is working.

“Sometimes we always look for the usual suspects but there are small places for certain types of business which are actually doing far better than we think,” he said.

Cities such as Makati, C e bu a nd D av a o we r e not included in t he list due to lack of data t hat would measure t heir competitiveness.

Lu z noted t hat i f a n LGU wants to show how competitive it is, it has to show the data to back it up.

For economic dynamism index, a city was measured for business registration figures; employment, and f ina ncia l inst itut ions.

The top t hree cities are Quezon City; Koronadal; and Marikina City, while the top three municipalities are Calasiao, Pangasinan; San Nicolas, Ilocos Norte and Sta, Cruz, Laguna.

In government efficiency, a city is judged in terms of transparency and accountability, public f inance, performance recognition, business responsiveness and basic government services.

For this category, the top three cities are Iloilo Cit y; Bacolod Cit y; a nd C a gaya n de Oro, wh i le t he best mu n icipa l it ies are Kalinga; Pontevedra in

Capiz and Nueva Valencia in Guimaras.

In infrastructure, data was gathered on a city’s road network, basic utilities and registered vehicles. Naga topped the list, followed by San Fernando in Pampanga and Cagayan de Oro. For municipalities, the list was topped by Daet, Mexico and Virac.—Excerpt from abs-cbnnews.com

Hearings... from page 4

In l ig ht of recent controversies surrounding some government agencies involving alleged corruption and peace and order issues among others, Ungab said, “Perhaps this is also the best time to look further into the details of the budget.”

“Every peso paid out of the Treasury must be well accounted for. At the same time the budget instrument is the summary of how the government intends to govern in order to reach its goals.

We must carefully scrutinize the budget to make sure every item contributes to inclusive growth and robust progress, most especially that the Philippines is now the fastest growing economy in Asia. Every peso paid out of the treasury should be well accounted for, including the Priority Development Assistance Fund (PDAF),” said Ungab.

Last week, Budget Secretary Florencio Abad turned over to Spea ker Fel icia no Bel monte, Jr. and Ungab the National Expenditure Program for FY 2014—a blueprint of the Aquino Administration’s development agend a to s u s t a i n t h e c o u n t r y ’s economic expansion and advance rapid, inclusive growth.

The proposed P2.268trillion National Budget for 2014, which is 13.1 percent h ig her t ha n t h is yea r’s P2.006-trillion program, accounts for key expenditure requ irements for socia l development and inclusive grow th initiatives under the Aquino administration according to Abad. (HoR)

Paez... from page 4

He also said that in this 16th Congress, NATCCO’s PDAF projects will be posted in “our website so that our constituency will have full access to where and how our projects will be implemented, and who are the recipients.”

Almonte... from page 4

use; Rep. Marcelino Teodoro, legislative franchise; Rep. Winston Castelo, Metro Manila development; Arnulfo Go, Mindanao affairs; Rep. Amado Bagatsing, ecology; Rep. Jorge Almonte, ethics; Rep. Al Francis Bichara, foreign affairs; Rep. Elpidio Barzaga, games and amusement; Rep. Oscar Rodriguez, good government and public accountability; Rep. Jesus Sacdalan, government enterprises and privatization, Rep. Romeo Acop, government reorganization; Rep. Mark Llandro Mendoza, agriculture a n d f o o d ; R e p. K i m i Cojuangco, basic education and culture; Rep. Enrique M. Cojuangco, economic affairs; Rep. Eufranio C. Eriguel, Health; Rep. Roy Duavit, information and communications technology; Rep. Pedro Acharon, local government; Rep. Teddy Brawner Baguilat, agrarian refor m; Rep. B en hu r Salimbangon, aquaculture and fisheries resources; Rep. Andres Salvacion, civil service and professional regulation; Rep. Mylene Garcia Albano, constitutional amendment; Rep. Cresente Paez , cooperatives development; Rep. Vicente Belmonte Jr., Rep. Marlyn Primicias Agabas, revision of laws; Rep. Victor Yu, science and technology; Rep. Isidro Rodriguez, Southern Tagalog Development; Rep. Romero Quimbo, ways and means and Rep. Aurora Cerilles, welfare of children.

Z a mora na med Rep. Rodito Albano as minority representative to the CA. The minority bloc members of the rules committee are Reps.

Silvestre Bello, Arnel Ty, Lino Cayetano and Antonio Tinio.

(MB)

11

San Miguel subsidiary building power plant in Mindanao CONGLOM ER AT E S a n M i g u e l C or p. (S MC) last week said its power subsid ia r y SMC Globa l Power Holdings Corp. has broke ground on its first power plant in Mindanao in a bid to address the severe power crisis in the region.

The 600-megawatt clean coal-fired power plant is c on s t r uc te d i n M a l it a , Davao del Sur, the fourth in the company’s portfolio. It is scheduled for completion in 2015.

SMC President and chief operating officer Ramon Ang said the plant aims to help balance the power supply differential between north and south Mindanao and provide reliable and cont i nuous supply of electricity at a lower cost.

At present, Mindanao suffers from a severe power shortage, while the nearby Visayas region is also facing shortages in the immediateterm.

“A s dema nd i n bot h re g ion s i s e x p e c t e d to grow, SMC Global Power is look ing to help close t he gap,” A ng sa id in a statement to the Philippine Stock Exchange (PSE).

Once operational, the plant is seen to lower the cost of electricity due to

high efficiency and builtin sy nerg ies w it h ot her SMC businesses. It w i l l use locally-sourced coal from SMC-owned mines in Mindanao.

T h e n e w p l a nt w i l l utilize modern, state-ofthe-art Circulated Fluidized B e d (CF B) c ombu s t ion tech nolog y, wh ich w i l l allow it to minimize effects on the environment.

A ng a d d e d t h at t he p ow e r p l a nt w i l l a l s o provide much-needed jobs in the province. Apart from construction jobs, it will also provide 500 full-time jobs for the plant alone.

In just four yea rs, SMC Globa l Power ha s become one of the largest independent power generat ion compa nies in t he countr y, w it h an installed capacity of 2,545 MW. A s of 2012 , it had a 17-percent market share of t he power supply of t he nat iona l g rid a nd 23-percent sha re of t he Luzon grid.

Over the long term, Ang said t he company plans to install a total of 3,000 MW of new capacity, with new power plants that will be ba sed on clea n coa l technology.(PNA)

Fortun...

MPA as herein provided, the mayor, the vice mayor and the members of the sanggunian shall be liable for prosecution under Republic Act No. 3019, otherwise known as the “AntiGraft and Corrupt Practices Act” and Republic Act No. 6713, otherwise known as the “Code of Conduct and Ethical Standards for Public Officials and Employees”, or other applicable laws.”

Fortun said that it is about time that a clear and comprehensive law of this kind must be made if we are rea lly serious about protecting our environment which has been denuded by both man-made and natural destruction. (PIA)

from page 4

1998 (Republic Act No. 8550) and the Wildlife Resources Conservation and Protection Act (Republic Act No. 9147), it shall be unlawful for any person to w i l lf u l ly a nd knowingly exploit, damage or destroy MPAs and/or any of its parts. Violators shall be subject to the applicable fines and penalties as provided for in Republic Act No. 7586, Republic Act No. 8550 and Republic Act No. 9147, and other related laws, rules and regulations.”

Furthermore, the bill states that, “should a coastal LGU fail to establish an

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MyPhone recently launched its latest model ICEBERG under the Agua Line up of Android Phones lastJuly 26m 2013 at the Eastwood Tent in Libis Quezon City.

Classified as a phablet, the Iceberg’s key highlight is its 5.7-inch multi-touch display that is protected by a durable panel of Gorilla Glass 2 from Corning. Based on MyPhone’s promotional materials, the Iceberg is clad in a white body and, within, is powered by a quad-core processor clocked at 1.2GHz. In order to make the Iceberg more responsive, it comes

with 1GB RAM. In terms of storage, the phablet offers an ample capacity of 16GB. On the imaging front, MyPhone has equipped the Iceberg with a 12-megapixel BSI camera and another 5-megapixel camera in front.

According to Mr. Richie de Quina, Vice President for MyPhone, the event was a Press, Dealers, Partners, Supporters magnet as hundreds of people waited for the unveiling of the MyPhone ICEBERG! Hosting the event was DJ Justin of 99.5RT and MyPhone’s very own Janine Guttierez.

For More information, please visit www.myphone.com.ph www.facebook.com/myphone www.twitter.com/myphoneofficial