BusinessDaily (September 11, 2013)

Mindanao Daily NEWS northmin . westmin . caraga . davao

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Briefly Job rate NUMBER of employed Filipinos reached 38.2 million (1.7% increase) in July 2013 from 37.6 million registered in July 2012 according to the statement of Secretary Arsenio Balisacan on the July 2013 Labor Force Survey (LFS) held in Pasig City, September 10.

Some 620,000 jobs (38.4% increase) were created in July 2013 from 448,000 net employment a year ago. The growth in the Agricultural sector was also recognized with 1.5% increase in the employment.

“Agriculture and forestry subsector was able to generate 116,000 additional employment, while the fishing subsector gained 57,000 more workers.

This expansion is attributable to the increased planting and harvesting activities, as well as more favorable weather conditions in some regions,” Balisacan said.

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IN-DEPTH

IMEM’s web to hasten spot market operation

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By LOVELY MAE V. CASENAS, Staff Member

HE National Grid Corp. of the Philippines (NGCP) is fast-tracking the development of the Interim Mindanao Electricity Market (IMEM) website to help grid customers in the energy market’s operation in two weeks time.

NGCP spokesperson Atty.

Cynthia Perez-Alabanza, in a statement, said the website, http://imem.ngcp. ph, will be used to upload and download generators’ and load customers’ capacity nomination data a nd schedules for the use of all players in the electricity market in Mindanao.

This is in support of the government’s efforts to deliver sustainable solutions

to stabilize the Mindanao power situation, Alabanza said.

In its Depa r t ment Ci rc u l a r No. D C 2 013 01-0001 dated January 9, 2013, the Department of Energy (DOE) ordered the Philippine Electricity Market Corporation (PEMC) to develop and implement an interim electricity market specifically designed for the IMEM/PAGE B11

ECONOMIC FALLOUT:

Mindanao’s image at risk of losing luster

By DARWIN G. AMOJELAR and MARICEL E. BURGONIO

MANILA - A foiled attempt by a band of renegades to forcibly take over a key city in Mindanao has cast a dark pall over the region’s i mprov i ng i nve st ment climate.

But businessmen said a quick solution to the crisis and dogged pursuit of a peace deal with a larger rebel group would dissipate the gathering clouds of uncertainty.

Sergio Ortiz-Luis Jr, vice chairman of the Philippine Chamber of Commerce and Industry (PCCI), said the dawn attack by a renegade group of Muslim rebels on Zamboanga City could undo efforts undertaken so far to fallout/PAGE B11

Travel mart THE Cagayan de Oro city government booth won first place, in the city category, dur ing the re c ent ly hel d Philippine Travel Mart at SM Mall of Asia on September 6-8.

The booth which features the city’s white water rafting adventure drew attention as tourism destination in the country besting 100 other booths nationwide.

It also showcased Mapawa Nature Park’s river trek and c a ny o n e e r i n g a d ve n t u r e package which concept and design was executed by Roldan Yacapin and Gigi Casino, a member of Tourism Council and of the Public Services Offices, respectively under the guidance of Dorothy Jean Pabayo, overall chairperson of the Cagayan de Oro Tourism Council.

Personnel from the city tourism also served as receptionists at the booth.

SPOT MARKET. Wholesale Electricity Spot Market employees monitor trade screens. Unused WESM fees were used to jumpstart the Interim Mindanao Electricity Market.

UNDER SIEGE. Government reinforcements arrive at the boundary of Barangays Sta. Barbara and Sta. Catalina in Zamboanga City. Photo by AL JACINTO

Zambo City banks shut down MisOr to develop 8 tourist spots BANKS remained closed to ensure safety of clients and employees as fighting between the government and rogue members of the Moro National Liberation Front continues.

A l l of t he East West Bank ing Corp branches within Zamboanga City are closed, said Allan Tumbaga,

vice president and head of ba n k ma rket ing a nd corporate communications. “ We w i l l c o n s i d e r situation of the affected customer resident,” Tumbaga said. He said East West does not charge interbranch fees.

PS Bank - its Zamboanga, Z a mboa nga-Pi la r a nd zambo/PAGE B11

MISAMIS Oriental -- The province of Misamis Oriental would vigorously push for the development of its tourism potential to win back the confidence of tourists and investors in the province, Governor Yevgency Vincente Emano said on Monday.

Emano said the bomb explosion in the province’s

capital city of Cagayan de Oro City last July 26 that killed eight people, including a provincial board member, has affected tourist arrivals and investment potentials in the province.

“In order to get rid of the temporary downfall, our only recourse is to move forward,” Emano told the Philippines

News Agency (PNA).

He said the province is pushing for the development of eight, out of 50, identified potential tourist spots located in the eastern and western parts of Misamis Oriental.

Most of these unexplored tourist spots are waterfalls, hot springs, and diving spots misor/PAGE B11

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2 Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

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Economy

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Papua to extend tuna deal with Gensan firm GENERAL Santos City -- The government of Papua New Guinea (PNG) is pushing for the renewal of an investment agreement that it had signed with a tuna fishing and manufacturing company based in this city as it moves to draw more major investments into its thriving tuna industry.

Job Pomat, chair of PNG’s National Fisheries Board, said they are presently in

the process of reviewing its standing “state agreement” with homegrown firm RD

Corporation in a bid to extend their trade and investment arrangements beyond its scheduled expiration in two years.

“I want to assure you that my government will review the agreement with a view to extend it after 2015,” he said at the 15th National Tuna Congress here.

Pomat, who represented PNG Fisheries and Marine Resources Minister Mao Zeming in the gathering, sa id R D Cor poration signed the deal with the PNG government in 1995 as a result of the signing of the Philippines-Papua New Guinea Fisheries Bilateral tuna/PAGE B9

A man carries a huge tuna in General Santos City public market.

Davao Oriental coop gets Stakeholders vow to maintain P1M worth of equipment R12 as leading banana producer THE Department of Trade and Industr y (DTI) has put up a P1-million shared service facility (SSF) aimed at making food processors in Davao Oriental more competitive.

The DTI said it turned over last July the SSF to the Davao Oriental Food Proce s sors A s soc iat ion (Dofoods), which groups 34 micro food processors in the province.

The facility has a deep fryer, electric mixer, food blender, fruit de-pulper, meat

grinder, pressurized cooker, peanut roaster and vacuum sealer, among others.

Dofoods’ members pro duc e c ac ao t a ble t s , dairy goods, fruit candies, jams, jellies, juices, purees, ice cream, peanut brittle, processed fish and meat, rice-based food products, and sweetened banana chips.

“M ic ro a s t he y a re , their vision of establishing a processing center remained a remote chance for them because of its huge investment coop/PAGE B9

KIDAPAWAN City -- Banana Industry stakeholders in Reg ion 12 today vowed to maintain the region as Mindanao’s leading producer of lakatan banana sold mostly in local markets.

These products are sold mostly in Metro Manila and Cebu, according to Department of Agriculture 12 Regional Executive Director Amalia Jayag-Datukan.

I n a re c e nt b a n a n a Congress in Gen. Santos City, some 300 banana growers in Mindanao vowed to push for

the advancement of banana industry in the region.

The business sector-led event aimed to bolster massive support from partners and other stakeholders as well as present various issues and concerns currently faced by the industry.

T hey a l l come f rom SOCCSKSARGEN region which is composed of the prov inces of Nor t h and South Cotabato, Saranggani, Sultan Kudarat and the cities of Cotabato, Kidapawan, banana/PAGE B9

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CorporateWorld

Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

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Globe, PLDT interconnect landline networks in Davao THE TWO largest telecommunications firms in the Philippines has commercially activated the local interconnection in Davao del Norte, allowing subscribers of both service providers to call without additional charges.

The partnership between Globe Telecom, Inc. and Philippine Long Distance Telephone Co. (PLDT) will allow landline customers of both firms to “realize substantial savings” as the long distance charges for landline telephone calls will be waived due to the partnership, the Ayala-led company said in a statement.

“We are delighted to a nnounce t hat t hrough collaboration and cooperation w it h c omp e t it ion , t he c omp a ny ’s su b s c r ib er s

will have greater access to telecommunications and vice versa,” said Vicente Froilan M. Castelo, head of Globe Corporate and Legal Service Group.

“We are hoping that we will able to establish the same kind of collaboration in other areas of the country,” he added.

Prior to the commercial activation of the interconnection, landline customers of both Globelines, the telephone arm of Globe, and PLDT were charged with

long distance rate amounting to P5 per minute.

With the commercial availability of the i ntercon nec t ion, Globe subscribers can simply dial the seven-digit telephone number to connect with PLDT and vice versa.

Globe said the cooperation is in line with the compulsory interconnection of authorized public telecommunications carriers under Republic Act No. 7925 or the Public Telecommunications Policy Act of 1995, which aims to create a universally accessible and fully integrated nationwide telecommunications network to encourage more infrastructure investments from the private sector that

A slimmed-down Kodak announced Tuesday that it had emerged from bankruptcy protection and would specialize in technology focused on imaging for businesses.

After 20-months, Kodak emerges from bankruptcy with technology focus A SL I M M E D -D OW N Kodak announced Tuesday that it had emerged from b a n k r upt c y prot e c t ion and would specialize in tech nolog y foc u sed on imaging for businesses.

Koda k, during t he 2 0 -m o n t h b a n k r u p t c y reorganization, divested many of its most iconic businesses, including its retail f ilm products, its photography paper products and some 105,000 kiosks worldwide.

The assets went to the UK Kodak Pension Plan, its largest creditor.

“We have emerged as a technology company serving imaging for business markets -- including packaging, f unctiona l printing, graphic communications and professional services,” said Kodak chief executive Antonio Perez in a statement.

“We are setting a trajectory for profitable growth,” Perez said. “We have the right technolog y at t he right time as printing markets increasingly transition to digital.”

A New York bankruptcy court had approved Koda k ’s reorga ni z at ion plan on August 20, but the company said at the time it still had some final steps before exiting Chapter 11 bankruptcy protection.

Kodak said Tuesday it had completed the spinoff of assets to the UK Kodak Pension Plan, closed an

agreement for $695 million in financing and obtained $406 million in new equity kodak/PAGE B9

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would benefit the consumers.

The t wo f irms a re also working on similar arrangements in Pangasinan, Zambales and Davao del Sur, Misamis Occidental and Ilocos Norte. So far, the two companies have existing

interconnection agreements in Metro Manila, Cavite, Iloilo, Capiz, Batangas, Cebu, Negros Occidental, Negros Oriental, Bohol, Leyte, Davao City, Pampanga, Bulacan, Zamboanga, Laguna, Quezon, La Union, Nueva Ecija, and

Benguet, General Santos, South Cotabato and Tarlac.

Mr. Castelo noted that Globe is open for discussions with other local exchange carriers as part of its goal of providing cost-effective services to its customers.

HYUNDAI Motor workers have agreed a wage deal, ending a series of strikes that have cost South Korea’s big ge s t automa ker one trillion won or $910 million in lost production.

A majority of Hyundai Motor’s 46,000 unionised workers opted to accept the deal in a vote late Monday.

It includes a pay rise of roughly five percent, a oneoff bonus of five million won plus three-and-a-half months of salary per worker, performance-based bonuses

a nd med ica l a nd socia l benefits.

Hyundai workers began par tia l stri ke action on August 20, halting factory operat ions for bet ween four and eight hours over 10 days, and holding back production of more than 50,000 vehicles worth 1.02 trillion won.

“It is fortunate that we concluded a deal without any more disruption,” union spokesman Kwon Oh-Il told the Yonhap news agency.

Stri kes have been an

ongoing issue at Hyundai.

Stoppages last year cost the company about 82,000 vehicles worth 1.7 trillion won in lost production.

Worldwide, Hyundai sold 3.1 million vehicles in the first eight months of this year, a 12 percent increase from a year earlier.

But domestic sales have fallen following free-trade agreements with Europe and the United States that have made foreign-made cars more affordable. hyundai/PAGE B9

Hyundai Motor workers agree wage deal

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4 Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

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Banking&Finance

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Banks tap BSP’s rediscount facility Cebuana Lhuillier launches

‘microinsurance on wheels’

AVAILMENT by Philippine banks in the Bangko Sentral ng Pilipinas’ rediscount facility continue to decline in August 2013.

Data released by the B S P Tu e s d ay s h ow e d t hat ava i l ment i n t he peso rediscount facility contracted by 44.1 percent from January 1 to August 31, 2013.

This after it totalled to P16.41 million during the period, lower than the P29.35 million in endAugust 2012.

Bulk or 81.7 percent of the funds was extended to commercia l credits, 15. 3 p erc ent to ot her cred its na mely capita l expenditures, other ser v ices, perma nent wo r k i n g c a pi t a l , a n d h ou s i n g ; w h i l e t h r e e percent went to agricultural and industrial credits.

Interest rate of t he peso rediscount facility is currently at 3.5 percent since t his is pegged against the central bank’s overnight borrowing or

reverse repurchase (RRP) rate.

Similarly, availments i n t he c ent r a l ba n k ’s exporters dollar and yen rediscount facility totalled to US$ 87.9 million as of end-August this year, down by 28.6 lower than yearago’s US$ 123.1 million.

T he BSP sa id t hese were ava i led by seven commercial banks and a thrift bank and benefited 30 exporters.

Still, domestic financial institutions have not tap t h e y e n- d e n om i n a t e d facility.

Interest rate of t he dollar rediscount facility is 0.18206 percent annually while the yen rediscount faci l it y is 0.116 43 per annum. These rates were based on their respective one-month London InterBank Offered Rate as of August 30, 2013. (PNA)

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NON-LIFE insurer Cebuana Lhuillier Insurance Solutions (CLIS) has launched a roving c a mpa ig n t hat a i ms to raise financial literacy and awareness in the low-income sector, especially those in farflung areas of the country.

Microinsura nce on Wheels will deploy eight vans to key locations in Metro Ma ni la, Luzon, Visayas and Mindanao, targeting

to reach 70 0 ba ra ngays and educate poor Filipinos about the importance of microinsurance.

“Hopef u l ly, t his w i l l increase the trust of the people in microinsurance and increase the density of microinsurance,” CLIS General Manager Jonathan D. Batangan said during the launch yesterday. cebuana/PAGE B9

network or bank without worrying about interbank charges because these will be waived.

Those who w ish to deposit funds can do so in other PSBank branches

w it hout a l s o wor r y i n g about inter-branch fees, it said.

“Clients in Zamboanga whose loan payments fall due on d ay s w h i le ou r branches are closed as a result of this incident will not be charged a ny late penalties,” the bank said.

The bank adv ised its clients who wish to pay their loans to call the bank’s 24/7 hotline at (02) 845-8888 or email customerser v ice@ psbank.com.ph to request for debit arrangements from their deposit accounts.

“All over-the-counter transactions will resume at these branches as soon as the situation has been declared safe by relevant local authorities,” it added.

Firefights between the m i l ita r y a nd t he rebels a re now on it s s e c ond day and the supporters of MNLF founding leader Nur Misuari continue to use people as human shields.

(PNA)

PSBank closes Zambo branches PHILIPPINE Savings Bank (PSBa n k) tempora r i ly closed its three Zamboanga branches given the ongoing conf lict in t he area but assured its clients that their needs will still be met.

I n a s t a t e m e nt , t h e Me t roba n k t h r i f t ba n k said its branches namely in Zamboanga, ZamboangaP i l a r a nd Z a mb o a n gaGuiwan were temporarily closed af ter t he loca l government ordered the su spension of work s i n public and private entities in the area, except for those involve in frontline services, to protect the people after hundreds of Moro National Liberation Front (MNLF) rebels infiltrated the area early Monday morning that resulted to hostilities.

“Rest assured, however,

that PSBank will continue to serve our clients,” the bank said.

PSBank said its clients ca n w it hd raw i n a ny automated teller machines (AT M s) r e g a r d l e s s o f

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Rice eels, which go by the scientific tag Monopterus albus and which are known locally as kiwet, can bring added income to rice farmers and fishpond operators who are affected by the pest. -- wikipedia.org

Rice eels: from pest to commodity THEY MAY BE considered a scourge to rice farmers and fishpond operators in Cagayan Valley, but rice eels -- also known as swamp eels -- are being eyed by the Bureau of Fisheries and Aquatic Resources (BFAR) as an export commodity, the Agriculture departmentattached agency said in a

statement last Aug. 8.

T he r ic e e el, w h ic h goes by the scientific tag Monopterus albus and which is known locally as kiwet, has been a pest particularly to rice farmers and fishpond operators in the provinces of Nueva Vizcaya and Quirino since 2011, BFAR noted. eels/PAGE B11

Main rice crop output of Thailand seen up around 7% BANGKOK -- Thailand’s paddy rice output from its main 2013/14 crop is expected to rise around 7% from the year before, with farmers planting the staple to take advantage of high prices under a state intervention scheme, a senior Agriculture Ministry official said.

Output is forecast to climb to 28.4 million tons from 26.6 million tons from the

main crop in 2012/13, with the rising supply a major headache for the government as it struggles to off load record-high stocks from its controversial rice-buying program. “ T h is is la rgely due to the government’s high intervention price that has encouraged farmers to grow more rice to capitalize on rice/PAGE B9

B5 Govt denies rice crisis, to go after ‘saboteurs’ AgriBusiness

THERE is no rice crisis.

This was the categorical statement from t he government as it vows to go after “influential people” potentially involved in rice smuggling who are floating the rice shortage scenario, Agricu lture Secreta r y Proceso Alcala said Monday.

In an interview after his agency’s budget hearing at the Senate, Agriculture Secretary Proceso Alcala belied reports that the government will import more rice this year to address a supposed rice crisis.

“Hindi ko nga po alam kung saan nanggagaling ang kwento na magi-import na naman ng panibago ang bansa natin. Hindi po tayo magi-import. Wala pong crisis sa bigas,” he said.

Du r i ng t he hea r i ng , National Food Authority (NFA) administrator Orlan Calayag said the country currently has a total rice buffer stock of 1.7 million metric tons, which he said is enough to last for 51 days.

“That’s even more than what we are required to keep,” Calayag said. “Wala po kaming nakikitang shortage in terms of production.”

The NFA chief added that some rice traders may

Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

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There is no rice shortage, the government said.

be behind reports of rice shortage in an effort to hike up the prices of their remaining stocks ahead of the harvesting season.

“Ito po kasi ang kaunting window na natitira sa mga ilang negosyante na alam po nila na nag-uumpisa na ang anihan. Kapag dumating po ang main harvest, bababa na po ang presyo. Ang inventory po nila na natitira, gusto po nila maibenta ng mas

mataas,” Calayag said.

“Economic sabotage” Alcala, however, raised the possibilit y that rice smugglers may be behind this “economic sabotage.”

“Kitang kita na po na mayroon pong malalaking tao na involved dito, kung bakit po gusto nilang tumaas ang presyo. ‘Yung smuggling daig pa po niyan ang bagyo kapag tumama po sa ating bansa. Apektado po ang

kabuhayan ng ating mga kababayan,” he said.

“Sila [rice smugglers] po ang nabukulan nito simula po nang higpitan ng NFA ang pagpasok ng bigas. Marami pong nagagalit. Ang hirap pong gumawa ng tuwid at tama,” he added.

Alcala added that his department’s legal team is currently investigating the rice situation in the country, crisis/PAGE B11

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MOUNT APO: The CHALLENGE and CONQUEST

By Anselmo B. Mercado, edited by Ismael Getubig and Angelo Mercado

Second of Three Parts

May 21, 2013 The Second Day: Getting to the Peak The Ascent It was 5:30 early morning that we began to rise up, and the shameful episode of last night was still the main topic of conversation, with laughter and accusations about who the shameless culprit was.

No one would dare to admit.

However, the “suspect” was obvious, because it showed in the innocent-looking smile on his face. After breakfast and packing, we gathered for a moment of prayer – to give thanks to the Good Lord, to ask for His protection from harm and trouble, and to seek for His help, guidance and graces that we could make this adventure to the end without any problem. We also invoked the help of our Holy Mother Mary and the angels and saints for their support and guidance.

We were blessed with pleasant sunny weather that combined with the cool mountain air as we resumed our hike clumbering up the wooded trails. We reached the open hilly terrain of volcanic rocks and boulders, no trees, and the whole place opened up brightly -- the vast blue sky above us with patches of white clouds hanging over and passing slowly by with their shadows moving along the picturesque verdant hills. We could feel the touch of the fresh wholesome air getting cooler.

We were at the “foot” of Mount Apo. Looking up at about 80-degree angle, we could see Apo’s head – so near and yet still so far to reach. Not far from where we rested on

top of boulders we observed the solfataras (sulfur vents) continually spewing sulfuric smoke. We had to cover our mouth and noses to avoid breathing-in the unpleasnt fumes that made us cough. It was a good thing the breeze was blowing the fumes away from us. Recalling the incident of last night, if the sulfuric fumes were unpleasantly making us cough, the “sound of silence” was giddying.

We loitered for awhile to admire the gorgeous view, then we resumed our climb, hopping from one boulder to the other, crawling and sliding on our buttocks, securing every step of the way up until we reached a small plain that gave us a brief break from the rocky terrain. We made slow but steady progress in our ascent, making it to the “knees” of Mount Apo. Lo and behold, just ahead of us we saw a vertical cliff (about 87-degree steep). Kookie said: “We are going there. We will climb that to get to the peak of Apo.” We were speechless for a moment totally surprised and terrified!

The cliff looked very scary. We looked at each other and deep within me (the others too) felt like whatever bravery we still possessed started to melt down like ice in a heated pan.

In thought we were asking ourselves – “It looks impossible and suicidal with no safety ropes and crash helmets, can we do it?” Kookie assured us saying: “It looks difficult, but there is a narrow trail going up. You can do it. Just be extra careful particularly

Proceeding to assault the vertical cliff. Very scary!

with loose rocks.” Even with that we could not get rid of our fears. But, there was no backing out. We swallowed our fears and began our assault towards the objective. We took the cliff very cautiously, securing every single step up the narrow zigzagging trail, holding firmly to anything firm, balancing our bodies with great care, and putting extra focus on loose pebbles, rocks, roots, whatever that could cause slips. Anything that fell would endanger the climbers below. I prayed a lot on my way up. We got to the top alright! Incredible,

The scary vertical cliff. Lots of “Hail Marys” going up here.

Yellowish solfataras (sulfur vents) emiting sulfuric fumes

thank God! At the top plateau was a shallow pond called “Dead Lake”. Paolo’s altimter registered 2600 meters at this point.

There we laid down our packs and took a break to catch some breath.

After a few minutes, we resumed our assault and we reached the peak, called “Davao Peak” (the altimeter reading was 2750 meters).

This was one of a few highest peaks of Mount Apo (we were told). This was the Apo that dared to challenge us – “I am here, come, reach me!” We arrived at the peak at 1:00

o’clock p.m., a good fourhour-twenty-minute trek from the time we began at 8:40 a.m.

Kookie remarked that our pace was fast compared to other climbers he had previously guided. Well, that was a compliment that made our heads swell somewhat after just going through the difficult, tiring, scary experience.

The Davao Peak was just a small space of flat terrain perhaps no more than 100 square meters bounded by the surrounding ledges. The view at the peak was panoramic,

The climbers gathered for a moment of prayer

Taking a break under a shady bolder

The Descent towards “Lake Venado” – Camp 2 After that good lunch, the younger climbers (Nomnom, Paolo, Francis, and Victor), noticing that the sky had cleared of clouds, made an extra climb up to “GenSan Peak” (2770 meters) to see the magnificent view from that vantage point. Meantime, the elderly (Mike, Lito and me, B-boy joining) began our trek down. It was a slow difficult descent along steep gorges, gullies, slippery trails of grasses, mud, rocks, roots, rotting leaves, decaying branches and fallen trees.

Our walking staffs were a

great help, like our third leg or extended hand. Even with that, we all had some falls and slips, at times flat down on our bottoms, and in some places with bottoms-up. One consolation in our descent was hiking under the cool forest cover shielding us from the bright hot sun.

We r e a c h e d “ L a k e Venado” (our Camp 2) at 5:40 p.m. with great relief, in good time (just before dark) and in pleasant weather. The cool air prevailed. The whole day’s journey from Camp 1 to the peak and down to Camp 2 took nine (9) hours.

That hard descent took its

unfortunately some parts were foggy. We took some pictures before descending to an open flat terrain to have our lunch at 1:45 p.m. Again, Kookie prepared a delicious lunch for us (fried gizzards, sautéed noodles mixed with vegetables, and rice). Nearby, atop a huge boulder, was a grotto of the Immaculate Conception and the Infant Jesus, and a cross above. Not far from the grotto was a small flowing spring, cool, clean and refreshing to drink.

toll on our legs and knees, and we felt utter tiredness.

But, we were happy and grateful for having reached our objective without harm or accident and in pretty good condition.

We s et u p o u r ten ts , unpacked and settled down.

It was time to relax and have some fun to relish our accomplishment. We helped ourselves to tanduay rhum, orange juice, some fried bananas, hot coffee and tea as we chatted and shared some jokes and laughs until 7:00 p.m. We looked forward to a good dinner, and good dinner we had (hot beef soup

spiced with chilli, ginger and lemon grass, beef adobo and rice). Everyone was all-praise for Kookie’s very tasty meal. More drinking and chatting continued until about 9:30 p.m. when most of us had to call it a day.

It was a restless night for me, my mind preoccupied with frightening images of that vertical cliff climb. I imagined myself having slipped and crashed down to the rocky ground below. I was unable to sleep well that second night in Camp 2. As in Camp 1, the weather was very cold that evening (easily below 15 degree C).

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Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

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Editor : Shaun Uy, E-mail: shaun_alejandrae_uy@yahoo.com

Sun Business showcase best-value solutions and corporate plans

F

ollowing a successful pilot run during the first half of the year, Sun Business rendered yet another exclusive showcase of its best-value solutions and corporate plans to the suppliers and business partners of country’s top firms like the Tollways Management Corporation, Manila North Tollways Corporation, Philex Mining Corporation and other key accounts.

“After an overwhelming response during our pilot run, we are once again opening up this platform to arm more businesses with solutions that aim to boost everyday business operations through cost-efficient communications,” says Joan Dueñas, Vice President for Sun Business and Postpaid Marketing.

Featuring the growing line of Sun Business

Present at the ribbon-cutting of the event was (L-R) Joan Dueñas, Vice President for Sun Business and Sun Postpaid Marketing, Brett Medel, Vice President and CIO of Philex Mining Corporation, Faraday Go, Vice President for Retail Marketing and Corporate Sales of Sun Cellular, Ruben Ramos, AVP for Commercial Management of Tollways Management Corporation and Herbert Laboy, AVP for Commercial Management of Manila North Tollways Corporation.

the various corporate plans and solutions of Sun Business, visit www. sunbusiness.com.ph or call (02) 395-8PRO (8776).

corporate plans for each level of employment, as well as its specialized services like the Message Cast and Track & Trace, the event offered special promotions and discounts on its mobile plans and business solutions.

To know more about

Sun Business is powered by Sun Cellular, a member of the PLDT Group.

The Craft House. My City, My SM, My Crafts formally launched, September 9 at the SM City Cagayan de Oro. The exhibit showcases featured crafts from Cagayan de Oro City and Misamis Oriental. Among those featured in the week-long exhibit are Salay Handmade Products, Stoneware Pottery, Inc., Puyo Handicrafts, Sanicoloandia Weavers Association, Tinabuan Arts and Crafts, and the Malasag Eco-Tourism Village Indigenous crafts.

Photo by Roselyn Paglinawan

CEB to fly 2nd A330 to Cebu, Hong Kong Adds seats to Dumaguete, Virac, Roxas, Zamboanga

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can also be found on CEB’s official Twitter and Facebook pages.

Those still booking f lights may also sign up to be a CEB Club member through the Cebu Pacific website, for seat sale alerts, easy management of f lights and travel funds, L Y JU and a faster booking process.

CEB currently operates 10 Airbus A319, 27 Airbus A320, 2 Airbus A330 and 8 ATR-72 500 aircraft. Its f leet of 47 aircraft is one of the most modern aircraft f leets in the world. Between 2013 and 2021, Cebu Pacific will take delivery of 15 more Airbus A320, 30 Airbus A321neo, and 4 Airbus A330 aircraft.

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three weekly f lights between Cebu and Zamboanga, and upgrades its four weekly f lights from Manila to Virac from a 72-seater ATR to an Airbus A319 aircraft.

“Cebu Pacific’s expansion means more f light options and low fares available to our guests. It is always rewarding for us when these additional f lights and seats contribute to the tourism and trade in the destinations we f ly to,” Iyog added.

For bookings and inquiries, guests can go to www.cebupacificair.com, or call the reservation hotlines (02)7020-888 or (032)2308888. The latest seat sales

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strengthens its domestic network with more f lights from Manila to Dumaguete (additional Monday, Thursday frequency) and to Roxas (additional Friday, Sunday frequency). This is from September 16 to October 4, 2013, using a 156-seater Airbus A319 aircraft.

From September 24, 2013, CEB adds an additional weekly frequency between Iloilo and Hong Kong, now offering a total of three weekly f lights. CEB pioneered international f lights out of Iloilo late last year, with direct services to both Hong Kong and Singapore.

In October, CEB also adds

aircraft.

“Cebu Pacific is proud to continue offering f lights on the lowest fares, utilizing the newest aircraft. Our 2nd brand-new Airbus A330 aircraft from Toulouse, France not only increases the number of seats available to Hong Kong and Cebu, but also features Airbus’ fuelsaving technology that allows us to keep our fares low,” said CEB VP for Marketing and Distribution Candice Iyog.

Starting October 7, 2013, CEB will utilize its Airbus A330 aircraft on direct daily Manila-Dubai f lights, its first long-haul service.

Meanwhile, CEB further

he Philippines’ leading low-cost carrier, Cebu Pacific (PSE:CEB) took delivery of its 2nd brandnew Airbus A330 aircraft last September 5, 2013. The 436-seater aircraft will be utilized in select f lights to Cebu and Hong Kong from September 16 to October 4, 2013.

On these dates, CEB will mount an additional ManilaCebu-Manila service (5J 8553/8580), departing Manila at 10am and departing Cebu at 12:30pm. Similarly, CEB’s Manila-Hong Kong-Manila f lights 5J 118/119 will be upgraded from a 180-seater Airbus A320 to an A330

Tanleh Bldg., Abellanosa St., Consolacion, Cagayan de Oro City, Philippines Contact nos.: (088)856-3344, (08822)72-33-44 email: businessweekmindanao@gmail.com website: www.businessweekmindanao.com

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8 Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

Editor : Nelson Constantino, E-mail: nelconstant@gmail.com

RealEstate

wednesday | september 11, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Avida Towers post brisk sales US home prices rise EVEN before it starts construction, Avida Towers Davao has already posted 88% of Tower 1’s units -- or 380 of the 431 total -- already sold, company officials claimed here recently. “ To w e r 1 i s n o w almost sold out before its construction started,” Project Development Associate Manager Gemiliano L. del Rosario said in an interview.

Avida Towers Davao is a project of Avencosouth Corp., a joint venture between Accendo Commercial Corp. and Avida Land Corp.

The project, rising on a 6,124-square-meter (sq.m.) property along C.M. Recto Ave., will have two towers, one with 23 storeys and the other 28 floors, and a single podium.

Pol B. Ta nco, Av ida

Land’s project and strategic management group head, said the venture targets middleincome buyers.

“Davao is a progressive city, a growth center where we saw a lot of potentials,” he said.

BIG DEMAND Inquiries received at the newly opened Avida Towers Davao showroom at the ground f loor of Abreeza Mall, he said, signal that the residential real estate market in the city is not saturated. “It also shows that there is a big demand and interest in our (residential condominium)

offering,” Mr. Tanco said.

D a v a o ’s r e s i d e n t i a l condominium market has been experiencing a boom since five years ago when pioneer developers said their units were “selling like hotcakes.”

That started an inf lux of Manila-based developers in the city with a couple of thousand condominium units in high-rise buildings currently for sale.

The project’s Tower 1 will have 19 residential floors plus four podium f loors, while the 28-storey Tower 2 will offer 622 units.

Both towers will offer the following unit configurations: studio units with 23 sq.m. for P2.1 million; one-bedroom units measuring 37 sq.m.

for P3.1 million; and twobedroom units of 62 sq.m. at P5.9 million.

Parking slots are offered for P996,000 each. Tower 1 is targeted to be completed in the first quarter of 2016 and Tower 2 a year after.

Features and amenities at Avida Towers include: a commercial area on the ground f loor, 170 parking slots from the ground floor to the fourth floor, adult and kiddie swimming pools, a multipurpose hall, outdoor exercise and play equipment, meditation areas, among others.

Avida Land is a unit of Ayala Land, Inc., the main property development arm of conglomerate Ayala Corp.

Ayala Land. -- M. M. Padillo

Furniture, home furnishings revival seen THE Philippines hopes to revive European interest in the country’s furniture and home furnishings as it puts up a big show at the Paris Maison Fair for the first time since the 90s.

Trade a nd Indust r y S e c re t a r y G re gor y L .

Domingo told reporters before leav i ng for t he world’s biggest furniture show in Paris that this year’s show will put the Philippines back in the global furniture scene.

“We will have a big show there for the first time since over a decade. We’ll try to make a big splash in the international scene,” D om i n go s a id of t he ongoing “Maison et Objet” (home and furniture) show, which opened over the weekend in Paris.

According to Domingo, t his is a good t ime to promote the Philippine f urniture and home furnishings because the market is a lready ripe

and the country has been attracting positive reviews in all sectors.

“They place so much attention on us as they put us in the main hall.

Perhaps, they are really attracted by our products,” he said.

This is also a good time, he added, because there have been a sprout ing of loca l but ver y good designers who are making their names in the international designing

scene.

“There are so much ideas, this is like we are in the renaissance,” he said adding that the glory days of the country’s designers happened in the 1990s. The interest in the Philippines wa s lost be c au s e ne w foreign ideas also came up.

“But now, we have new good ideas and we have a lot of good designers, young but very talented designers,” he said. (BCM)

but at a slower pace

NEW YORK -- US home prices rose in June but the pace of gains cooled, suggesting higher mortgage rates may end up slowing momentum in the housing sector as the year winds down.

Separate data released on Tuesday showed consumer confidence rebounded in August. Consumers were more upbeat about the future even though their assessment of their current standing fell.

Home prices rose 0.9% on a seasonally adjusted basis, according to the S&P/ Case Shiller composite index of 20 metropolitan areas.

Economists had expected them to match May’s 1% gain.

The data is not likely to a lter economists’ expectations that the housing recover y w i l l cont inue, keeping it a sweet spot for an economy that grew just 1.7% in the second quarter.

B ut m or t g a ge r at e s have climbed more than a

percentage point since late May, largely on expectations that the Federal Reserve will soon start withdrawing its support for the economy by purchasing fewer bonds.

Those monthly bond buys had kept long-term interest rates low.

Analysts said that suggests gains in home price gains may continue to slow in the months ahead, particularly since the sharpest rise in rates came in late June and early July, likely after many June contracts were already signed.

“We know housing prices tend to lag. You’re going to see mortgage applications fall first and then starts and permits will move. It will take time to show up in prices,” said Michael Hanson, US economist at Bank of America Merrill Lynch.

Recent data has already shown a decline in mortgage applications and less demand to refinancing existing loans.

-- Reuters

Mindanao Daily NEWS

wednesday | september 11, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Tuna... from page B2

Cooperation.

He c om me nd e d t he company, which is owned by local fishing magnate Rodrigo R ivera Sr., “ for taking the bold step to invest in PNG” after signing the state agreement.

After initially opening busi ness i n PNG’s Sia r and Vidar districts, R D Corporation so far diversified its business in tuna fishing, tuna canning, fish meal processing, can making, shipya rd a nd dr y-dock, cold storage, value-added fresh seafoods, wharf and stevedoring, building and construction and real estate.

Overall, the company has 38 diversified business units and operations in this city and other parts of the country, Indonesia and Australia.

On the review of the state agreement, Pomat said there are some outstanding issues that both sides need to comply with to ensure that the deal and its obligations are fully implemented.

“Bot h sides need to caref u l ly assess t hese outstanding issues, and come up with a practical timetable and commitment to effectively address them,” he said w it hout f ur t her elaborating.

In the meantime, Pomat said the PNG government will continue with its partnership with the company, which he described as “now a major player in the tuna industry in PNG.” He said they are closely working with RD Corporation and other private entities for the development of the Pacific Marine Industrial Z one (PM IZ), which is considered as one of the major economic impact projects in PNG. T he project is being spearheaded by the PNG’s M i n ist r y of C om merce and Industry, which is set to negotiate with China’s Export Import Bank to seek an additional loan of k700 million or roughly US$ 270.9 million, on top of the US$ 95 million soft loan that was earmarked for its initial phase.

“We have re-scoped the project from just a marine landing and processing hub to a special economic zone to include processing and export of other products like agricultural commodities, timber and minerals,” he said.

Pomat added that the revised project, which is within the operational area of RD Corporation, will be dubbed Madang Industrial Zone. (PNA)

Coop... from page B2

requirement that is beyond their capacity,” DTI-Davao Oriental provincial director Ma. Belenda Q. Ambi said in a statement.

“A standard processing center is all they need to fill the gap needed to conform with the requirements of

food regulating agencies.

Thus with the facility in place, food products from Davao Oriental can now compete with other food products in the market in terms of quality, availability and affordability SSFs help micro, small and medium enterprises (MSMEs) by providing access to capital equipment that they cannot afford to acquire on their own,” Ambi said.

The DTI has allocated P700 million to establish 800 SSFs nationwide.

Banana... from page B2

Koronadal, Tacurong and Gen. Santos.

Dat u k a n lauded t he efforts of the banana industry sector for standing united to beat the odds that affect them.

Datu kan described b a n a n a a s one of t h e priority commercial crops of the department’s high va lue crop development program (HVCDP) poised to help “support countryside development and achieve inclusive growth.”

S O C C SK SA RGE N i s the third largest producer of banana in the country accou nt i ng for some 15 percent of the entire Mindanao’s banana produce, according to the Bureau of Agricultural Statistics (BAS).

North Cotabato province has the highest number of hectares planted to banana with 15,367 hectares and 644 metric tons production.

South Cotabato comes next with 8,680 hectares and 261,972 MT while Sarangani and Sultan Kudarat settled for third and fourth with 3,670 ha and 219,067 MT and 2,234 hectares and 29,521 MT, respectively.

“Presently, Soccsksargen produces substantial volumes for other banana varieties such as cardaba which is being processed into banana chips and exported to major foreign markets,” DA-12 corn program coordinator Zaldy Boloron, said speaking for Datukan.

D A - 1 2 HVCDP coordinator Danilo Centillas cited the importance of the congress describing it as a good venue to present the challenges that beset the whole industry in Mindanao.

Congress chair Ecclesiastes Roque a lso considered the event the right forum to exchange among major stakeholders various updates, best practices, and even simple information regarding the industry they belong to.

Five key issues have be en ident i f ied by t he industry stakeholders, which according to them, must be given priority to advance the region’s desire to remain as the leading banana producer.

These are the emergence of Fusa riu m d isease; inconsistent production and quality of lakatan and cardaba; limited access to market; lack of logistical support; and environmental protection.

Roque said Fusarium

northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

d i s e a s e a f fe c t s ba na na product ion in sout hern Mindanao and threatens to stretch over other areas proposing then for massive information campaign on disease control and effective reporting of any disease outbreak.

Roque, also chair of the Banana Industry Council of Region 12 (BAICOR), asked DA to continue farmers’ training programs on good agricultural practices and i mprove d p o s t-h a r ve s t handling.

He a lso lauded DA’s efforts to come up with modern pack ing houses compliant with quarantine requirements of major export markets.

The national government through DA-12 is backing the growth of banana growers in t he region especia lly sma l l-timers t hrough various technology-transfer trainings, acquisition of planting materials, provision of post-harvest equipment and access to market linkages.

(PNA)

Hyundai... from page B3

Hyundai’s exports have also faced renewed pressure from Japanese rivals and a weaker yen.

Monday’s agreement deal did not extend to Hyundaiaffiliated Kia Motors Corp., where negotiations on a separate wage deal continue.

(AFP)

Kodak... from page B3

investments from unsecured creditors.

Kodak filed for bankruptcy protection from its creditors in January 2012, after 131 years in business, as the company fell behind rivals in digital photography.

T he Roche ster, New Yo r k- b a s e d c o m p a n y, started in 1892, led the way in popularizing the cameras, film, slide projectors and home videos that preserved the memories of generations of Americans and others around the world.

Kodak was among the early developers of digital imaging, but lost ground to rivals as the company failed to adapt its business lines.

— Agence France-Presse

Cebuana... from page B4

Microinsura nce on Wheels will initially offer Alagang Cebuana Plus -a four-mont h insurance product priced at P25. It entitles policyholders to protection from accidental death, dismemberment and fire.

Mr. Batangan said CLIS sold 12 million Alagang Cebuana Plus policies last year, averaging 1.2 million policies a month.

“We are pla nning to increase it by 100,000 a month next year, making it 1.3 million a month,” he said.

M r. B a t a n g a n s a i d policyholders can also claim settlements worth P25,000 or below within 24 hours

through CLIS’ Bilis Bayad Claims program.

“Policyholders can claim settlements within 24 hours from any Cebuana Lhullier branch nationwide, and they will receive cash and not a claim check,” he said, adding that there are more than 1,500 Cebuana Lhullier branches in the country.

Deputy Insurance Commissioner Ferdinand George A. Florendo said the only hurdle for the country’s nascent microinsurance i ndust r y is t he lack of awareness. “ T he on ly cha l lenge really is for the people to be informed,” Mr. Florendo said during the launch.

“What needs to be done is to inform the people. If they are informed, they will definitely avail of the insurance.”

T h e A q u i n o administration has made microinsurance one of its key initiatives, pushing it as a means to give the poor access to financial services.

According to data from the Insurance Commission, 11.7 m i l l ion l ives were protected by microinsurance in 2012.

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KIMBERLITE PAWNSHOP MALAYBALAY BRANCH

Kimberlite Pawnshop will be having an AUCTION SALE on all items that expired on July 2013 AUCTION DATE: September 19, 2013 Estrada Bldg., Fortich-Don Carlos Sts., Malaybalay City, Bukidnon

www.johndprovoice.com

Rice...

from page B5

high prices,” said Apichart Jongsa k u l, head of t he ministr y’s Off ice of the Agriculture Economy.

The harvesting season for the 2013/14 main rice crop normally starts by lateOctober.

The government started buying paddy from farmers at 15,000 baht ($480) per ton, or around double market prices, in October 2011.

The scheme drove state rice stockpiles to a record 17 million tons.

It also pushed Thai rice export prices to around $150 per ton higher than offers from India and Vietnam, and cut Thai exports sharply to 6.9 million tons in 2012 from a record 10.6 million tons in 2011.

That caused Thailand to lose its spot as the world’s biggest rice exporter for the first time since 1983.

India is now the no. 1 expor ter, w it h Viet na m second.

The price of common grade Thai 5% white rice was at $485 per ton on Monday, well above the same grade from India and Vietnam at $420 and $385 per ton, respectively, traders said.

-- Reuters

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10 Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

Editor : Clifford Santillan, E-mail: santillan.clifford@yahoo.com

wednesday | september 11, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Matteo Guidicelli says he’s happy for Maja Salvador’s new lovelife

Daily

HOROSCOPE AQUARIUS (January 20 – February 18) -Your emotions feel raw and exposed today -- but don’t let that keep you from anything important.

If anything, that could actually help you out in a big way, so relax and see what happens.

PISCES (February 19 – March 20) - You are feeling a bit fuzzy-headed, but that’s nothing to worry about -- in fact, you get along better than most with a lack of information. Just push forward wherever your intuition takes you.

ARIES (March 21 – April 19) - Something that starts small really gets under your skin today -- so make sure that you’re ready to discuss it or to find a way to release the pressure once it starts to build. You can do this!

TAURUS (April 20 – May 20) - Your energy is conflicted today -- so much so that you may find it harder to relate to certain people. Try your best to just smile and wait for this emotional phase to pass you by.

GEMINI (May 21 – June 21) - What’s the biggest mystery in your life? Now is the time to tackle it head-on. You may find that your energy is primed for adventure, but only take on as much as you know you can handle.

CANCER (June 22 – July 22) - This may not be the best time to deal with business negotiations -- your energy is terrific, but you may see the other side a little too easily. Wait until you are absolutely sure of yourself!

In an interview with Mateo Guidicelli, the actor remarked that he kind of misses being in a relationship. “Nakaka-miss din talagang magka-girlfriend, to be taken cared of, pero darating at darating din.”

When asked if he’s looking for a girlfriend at the moment, he is quick to comment that he’s just waiting for love to come into his life. “Di ako naghahanap, basta darating lang.”

On his ex-girlfriend Maja Salvador, the actor said that he is happy for her and her new love, Gerald Anderson.

“Masaya silang dalawa [ni Gerald], so maging masaya tayo [para sa kanila] because they’re happy. Basta if people

are happy, be happy for them also, always look at the positive of everything,” he said.

When asked about Jessy Mendiola, t he actor said t hat he’s happy t hat t he actress has a new suitor in the person of Sam Milby.

It was reported that both had a mutual understanding which failed to develop into a relationship during the run of their teleserye Paraiso. “I’m happy for them and as long as masaya sila, basta ayos,” he commented.

Af ter being a racecar d r iver, Mat teo is now a triathlete. “I love this sport, I’m passionate [about it], it’s really one of my passions,” he shared. But with a busy

Mindanao Daily News’ If you like to greet your friends or just wanted to have some text mates through our publications, just text this number : 09269919077 or you can message it to our FB Fan Page ( Mindanao Daily Fan Page )

-- Hai mDn gUDMUrning!. i JUSt wana ‘gret’ aLL my friends .again hanap aCu ng txfrnds 18-22 yrS old buOtan- c chubBy_me d.i neh (grL) tnx and mOre pOwer .

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CIRCLE A WORD water ways

basin bay brook cove creek estuary

fiord geyser glacier gulf iceberg lagoon

lake loch ocean pond pool reservoir

hindi nagkakatrabaho after Agua Bendita, so nakakatuwa talaga.”

He remarked that both of them have grown so much and have matured that it was exciting to work again together. “After three years, we’ve changed so much as people, we’ve matured a lot and it’s exciting to work again, of course it’s the same Andi, it’s the same Matteo, but it’s different in a way. The first time when we were together we were just young and now iba eh we got through a lot.

When we look into each other’s eyes it’s different eh, malalim na eh, so it’s exciting.” (abs-cbn showbiz news)

-MovieWatch-

Social Section

-- hello po sa inyo, ako po si Mavis Angela galing dito xa Cagayan de Oro City...Hanap ko lng po txtmate na girl (11-14 years old) yung mabait at friendly...I’m 12 years old nOw...

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schedule in showbiz, how does he balance everything? “It’s just basically about choosing your priorities especially when my soap starts. I don’t treat it as a problem eh, you always look at the positive side of something, kumbaga this is my workout to maintain my body for my work. I always believe that if you’re willing to do it, anything can happen.”

Matteo is set to star in an upcoming teleserye with Andi Eigenman titled Galema. He shared that it has become sort of a reunion project for the both of them. They starred in Agua Bendita three years ago. “Kumbaga ito ‘y ung reunion project namin ni Andi, three years na kaming

rill river sea spring strait stream well

The Family release date September 13, 2013 Originally entitled - inexplicably - Malavita, the Luc Besson mob movie now has the title “The Family.”

The Manzoni family, a notorious mafia clan, is relocated to Normandy, France under the witness protection program, where fitting in soon becomes challenging as their old habits die hard.

The movie “The Family” will no doubt become another nail in the coffin of two-time Oscar winner Robert DeNiro’s acting career, (following his appearance in the horrible The Wedding earlier in 2013), as well as the latest box office bomb for the horrible movie studio, Relativity Media.

THE FAMILY

SUDOKU How to play the game?

Fill in completely every rows, columns and diagonals of each puzzle without repitition

Yesterday’s Answer

of the same digit.

LEO (July 23 – August 22) - Let yourself be selfish today -- everyone else gets to do it now and then, so why not you too? Your energy is a little tied up in knots, so it’s only fair that you should be able to do what you like.

VIRGO (August 23 – September 22) - Your ability to reach people and really get them to see things your way is heightened now, and you should find that it’s easier than ever to make friends and influence people.

LIBRA (September 23 – October 22) - Now is a great time to go shopping or to dive into that major purchase you’ve been putting off for too long. You are likelier to get a good deal, and sometimes you have to go big or go home.

SCORPIO (October 23 – November 21) - Almost everyone can see your aura of power as you walk into the room -- so act as if you’ve already come out on top! You should be able to make good things happen with ease for the time being.

SAGITTARIUS (November 22 – December 21) - Your imagination is your most potent asset today, so make sure that you’re using it like a boss. That could mean derailing old plans or starting out in bold new directions, but so be it!

CAPRICORN (December 22 – January 19) - You have got to get organized today -- even if that feels like an impossible task. Just keep focusing on what’s most vital, and take a little time out to ask for help. Things aren’t so bad!

Amazing Facts!

Did you KNOW?? ..

A Japanese explorer named Maomi Uemura was the first man to reach the North Pole alone, on April 29, 1978, after his eight-week journey.

CROSSWORD puzzle across 1. Narcotic drug 4. Space rock 9. Linking verb 10. _and Garfunkel 11. Metallic element 13. Greek letter 14. Prima donna 15. Canvas bed 16. Throughout the duration of 18. Alcoholic beverage 19. Actress Gamboa 20. _and Penates 22. _Dhabi 23. Hand coverings 25. Manila mayor 26. Cain and 28. Pronoun 29. Of sexual indulgence

32.

33.

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Rock salt Declare positively Narrow passageways Inter Actor Sotto Adam and Skill Lutetium symbol

Yesterday’s Answer

Mindanao Daily NEWS

wednesday | september 11, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

IMEM... from page 1

Mindanao grid, which has been experiencing brownouts due to a power supply deficit.

The commercial operation of the IMEM is scheduled to commence on September 26.

Trial operation has been ongoing since August 26.

“NGCP remains supportive of the initiatives of DOE and PEMC and is very much willing to assist in finding solutions to the electric power concerns in Mindanao.

IMEM is the first step to ensure free and fair competition and public accountability,” Alabanza said in a statement.

Ermelindo Bugaoisan Jr., NGCP’s Systems and Standards Head of the Technical Services Department, said the electricity market in Mindanao will focus on filling-up the power deficiency in the grid.

“NGCP will be in a better position to balance the available capacities with the demand and manage constraints if the relevant data from all generators and load customers are submitted and accounted for. This is how crucial the infrastructure of the web-based program is to the operation of the IMEM,” he said.

DOE is said to be in talks with embedded generators for the installation of Remote Terminal Unit (RTU) devices that are compliant with the requirements of the IMEM. Embedded generators are end-users or entities whose generating units are indirectly connected to the grid through the distribution utility’s lines and may also refer to generation facilities of large industrial customers, within the distribution utility’s network, that are synchronized to the grid.

For its part, aside from developing the online program for the submission and management of generators-load customers’ capacity nomination, generation scheduling and data provision, NGCP is also expediting the installation of WESM-compliant revenue metering facilities among its directly connected grid customers.

Among its 15 grid-connected generator customers with 36 metering points, NGCP already installed 26 IMEM-ready metering facilities.

“The biggest challenge is in Agus 6 complex where five metering facilities still need to be installed,” said Emmanuel Sotomil, NGCP’s Metering Services Head.

He explained that in this case, large instrument transformers will have to be hauled, mounted on pedestals, then tapped to highvoltage overhead lines. NGCP has been coordinating with the power plant owner-operator, National Power Corporation (NPC), because the lines should be de-energized and some of the plant generating units should be shut down for the installation to be completed.

Among its 53 grid-connected load customers, which include distribution utilities and nondistribution utilities, with 184 metering points, NGCP already installed 180 IMEM -ready metering facilities.

Yet to be installed are metering facilities inside two military camps in Iligan and NPC’s Regional Office and its Ditucalan Complex, both also located in Iligan.

The IMEM is expected to

northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

(BSP) Deputy Governor Diwa Guinigundo said any economic fallout from the resumption of violence in Mindanao would depend on how long the conflict lasts and how wide an area it covers.

“If it’s short term, a fleeting event, none,” Guinigundo told reporters. So far, banks in Zamboanga City have shut down because of the violent clash this morning.

Guinigundo said Mindanao is a major contributor to the country’s economic growth at 15 percent of gross domestic product (GDP) in 2012, primarily in the areas of agriculture, mining and tourism. A measure of economic performance, GDP is the amount of final goods and services produced in the country.

Metro Manila accounted for 36 percent of GDP, followed by Calabarzon at 17.4 percent.

Central Visayas was fourth, contributing 6.3 percent to GDP. The Zamboanga peninsula alone contributed little to the Philippine economy at 2.1 percent last year, but led Mindanao’s economic expansion, having grown the fastest at 12.4 percent among the country’s 17 regions, up from 0.1 percent in 2011.

John D. Forbes, senior adviser to the American Chamber of Commerce of the Philippines, said long-term investors would not easily be unnerved by today’s from page 1 violent clash in Zamboanga City. so far to recast Mindanao’s “Long-term investors are image from a war-torn area sophisticaed in evaluating the to an investment and tourism relative risks of investing in different areas of the country,” destination.

“It would be bad for the he told InterAksyon.com economy. Some foreign investors “Clearly this unfortunate are looking at Mindanao for incident is not good for new mining and agriculture,” Ortiz- investments in Zamboanga, but should not have a wider impact,” Luiz told InterAksyon.com.

He said some tourism projects he added. -- InterAksyon.com in Mindanao could be aborted because of today’s violent from page 1 incident.

“We hope that the government Zamboanga-Guiwan have been will resolve this immediately,” he temporarily shut down but the said. thrift lender will continue to serve Peter Angelo V. Perfecto, clients through: executive director of the Makati • ATMs - clients can Business Club (MBC), expects withdraw through any ATM, the violent attack -- which has regardless of network or bank, led to the death of at least four and all interbank charges will people so far -- to have a “minimal be waived impact for as long as the peace • Other branches talks with the MILF continues to nationwide - all Zamboanga prosper and there is no escalation branch clients can withdraw or of violence.” deposit at any of the 219 PS The Aquino administration Bank branches nationwide, free has been in talks with the Moro of interbranch fees Islamic Liberation Front to find • 24/7 hotline and email a peaceful solution to several - Clients whose loan payments decades of war over what the fall due on days while PS Bank rebel group claims as the Bangsa branches are closed will not Moro. be charged any late penalties.

The MILF has distanced They have to call the hotline itself from the Zamboanga City at (02) 845-8888 or email attack, which was reported to customerservice(at)psbank. have been perpetrated by a com.ph to request for debit breakaway group of the Moro arrangements from their deposit National Liberation Front (MNLF). accounts Led by professor turned “ A l l o v e r - t h e - c o u n t e r rebel Nur Misuari, the MNLF transactions will resume at had signed a peace agreement these branches as soon as the with the national government situation has been declared safe during the administration of then by relevant local authorities.

President Fidel V. Ramos. This PSBank has a total of 222 laid the ground for Misuari’s branches and 536 in-branch successul bid for governor of the and offsite ATMs nationwide.

Autonomous Region of Muslim Its online banking facility can be Mindanao (ARMM). accessed through www.psbank.

T h e A R M M h o w e v e r com.ph,” the bank said. has excluded the MILF, thus government efforts to forge a separate peace deal with the from page 1 group. including the Alibuag “hot spring “It will be good for government under the seas” in the town of to try to engage the MNLF in Medina in the province east dialogue if they are willing to district, he said. do so,” Perfecto said.

Emano said he will closely How long, how wide coordinate with the tourism Bangko Sentral ng Pilipinas sector with the assistance of address the need to establish a venue for transparent and efficient utilization of all available capacities, particularly during periods where the contracted supply capacities of the load customers, such as the distribution utilities and industrial customers, are not enough to meet the demand.

IMEM is also intended to reflect the true cost of electricity and, therefore, encourage the dispatch and utilization of existing available power generating facilities and /or to at tract the entry of new generating capacities in Mindanao.

As such, the successful operations of the IMEM would be dependent on the finalization and approval of the Dispatch Protocol by the DOE and PEMC, and the full cooperation of the gridconnected generators, customers and prospective IMEM suppliers, NGCP said.

Ac cording to the DOE Circular, the IMEM will have a day-ahead market wherein market participants submit their nominations a day before the actual delivery or curtailment of energy. All generation capacities, directly connected customers, and distribution customers shall be part of a mandatory program that aims to address only the deficiency of supply in the grid.

Fallout...

Zambo...

MisOr...

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the Tourism Infrastructure and Enterprise Zone Authority and the Department of Tourism (DOT) in the province.

The governor expressed c o nf i d e n c e t h at a h i g h l y developed tourism industry could entice more investors and provide more opportunities to the people of Misamis Oriental such as employment and increase of the province’s revenue.

He said the province would cer tainly attain peace and stability in terms of employment and livelihood opportunities once the development of all these tourist spots is put into place.

(PNA)

Crisis...

from page B5 and will file appropriate charges against the supposed saboteurs.

“Mayroon na po kaming mga legal team na maghahabol para dito sapagkat hindi po tama...

Wala pong ibang pupuntahan ito kundi po para ipamukha na mayroon pong pagkukulang ng bigas,” he said.

The NFA had earlier accused some private traders of “hoarding the commercial inventory” as “part of a campaign designed to undermine the present administration.”

On Friday, deputy presidential spokesperson Abigail Valte said the government is already investigating alleged incidents of rice hoarding in the country.

— KBK, GMA News

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Eels...

from page B5 These fish -- which grow up to 25-40 centimeters, destroy rice fields by burrowing into the ground, loosening the soil and causing leaks in irrigation systems.

Like another invasive species, the knife fish, the rice eel is also a voracious predator which feeds on frogs, snail eggs, other fish and shrimp, thereby threatening indigenous species.

Its origin remains unclear, BFAR said, while noting unverified reports that the kiwet might have been imported illegally for breeding in home aquariums and fishponds for food.

In its bid to address this problem, BFAR’s office in Cagayan Valley, or Region 2, is encouraging affected farmers and fishpond operators to turn the pest into a commodity, particularly since the fish is a delicacy in some Asian markets. BFAR is currently educating affected farmers and fishpond operators on the pest’s marketability and best method of catching.

“These initial efforts, combined with the entrepreneurial skill of several international fish trading companies that are now exporting the fish live in Asian countries, have turned this pest into valuable fish,” BFAR Director Asis G. Perez said in the statement.

Two years following infestation of areas in the two Cagayan Valley provinces, the country has actually earned an estimated 517 million in export of the fish in the first half, BFAR noted, adding that Region 2 alone could earn over 1 billion from foreign sales of the fish by yearend.

Mr. Perez said the bureau is conducting an inventory of areas infested by the eel and plans to reach out to affected farmers and fishpond operators.

At the same time, however, he clarified that the bureau is not promoting the expansion of rice eel production to unaffected parts of the country, citing the need for scientific evaluation of the species’ impact on local ecosystems.

“At the moment, our action is confined to making the best and most beneficial use of rice eel in places where its current population exists,” Mr. Perez explained in the statement.

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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12 Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

EDITOR: CHENG ORDOĂ‘EZ , e-mail: cheng.ordonez@gmail.com

wednesday | september 11, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776