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Mindanao Daily NEWS BUSINESS . ECONOMY . CORPORATE . BANKING Your Mindanao-wide Business Newspaper

Volume III, No. 099

DTI holds Intellectual Property Information seminar

CAGAYAN de Oro City - the Department of Trade and Industry, in cooperation with Intellectual Property Office, spearheaded an Intellectual property (IP) information Seminar, earlier, here. “Intellectual creations are keys to a successful and competitive business. Competitiveness is the new mantra in the modern world of business particularly with the implementation of the ASEAN Economic Integration, hence, the conduct of the seminar,” Eliza A. Pabillore, provincial director of DTI Misamis Oriental. Dir. Pabillore said the event is in line with the theme, “gearing up for ASEAN economic integration.” Liza Veronica M. Alcantar, chief of the See dti, page B3

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Various sectors to fuel growth in franchising Editor : Cheng Ordoñez

By Kris M. Crismundo

he Philippines’ franchising industry remains bullish that Filipinos overseas, retirees, and young entrepreneurs will fuel the growth of the sector for the next several years. Association of Filipino Franchisers, Inc. (AFFI) chair Armando O. Bartolome, in a press conference Wednesday, said the organization receives optimism from overseas Filipino workers (OFWs), retirees, and young entrepreneurs who would like to penetrate the franchising business. Bartolome said that See sectors, page B3

Wednesday

See2014 story on Page B1 12 September 18,

New Zealand Ambassador meets CDO Mayor Moreno

Cagayan de Oro City Mayor Oscar S. Moreno warmly welcomed newly-appointed New Zealand Ambassador Stefan Corbett who arrived here yesterday to grace stakeholders’ meeting and visit Northern Mindanao-the Philippines New Zealand Dairy Project in Misamis Oriental and Bukidnon areas. The dairy project, which started in October 2013, is supported by the New Zealand Ministry of Foreign Affairs and Trade that aims to improve productivity of dairy farm operations in the countryside. (City Information Office)

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B2 Mindanao Daily NEWS business . economy . corporate . banking

Economy

thursday, september 18, 2014 Advertising and Editorial E-mail : mindanaodailynews@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

City Council tackles CDO’s 2015 proposed Revenue Code Your Mindanao-wide Community Newspaper

AGAYAN de Oro City - The City Council here has started the public hearings on the city’s proposed Revenue Code of 2015, City Councilor Prexy Elipe said on Tuesday. Elipe said that the pro-

posed revenue code is aimed at amending the decade-old revenue code of this trading hub in Northern Mindanao. In the light of the new economic developments, there are lots of things that should be amended in the

city’s 2003 Revenue Code Elipe, the chair of the city council’s committee on finance, said. Elipe cited the operation of the “call centers” and other online business processing offices (BPOs)

whose taxes where not included in the city’s 2003 Revenue Code. He said that the City Treasurer’s Office (CTO) has also recommended the increase of taxes on some commercial activities like

the quarrying and the extraction of sand and gravels. According to Elipe, the 2003 Revenue Code collects only five percent tax for quarrying and the extraction of sand and gravels while the CTO wants a 10

percent tax or an additional 5 percent. He said that the stakeholders and other business groups, including the academia and ordinary citizens are enjoined to be part of See code, page B3

Pres. Aquino highlights country’s gains at meeting with Filipino community

President Benigno S. Aquino III, flanked by House Speaker Feliciano Belmonte Jr. (left) and Senate President Franklin Drilon, at the start of the Agenda-Setting with Dialogue Partners that include reformists and like-minded public servants from government and civil society at the Rizal Hall of Malacanang Palace on Friday (September 12, 2014). (Photo by Gil Nartea/Malacanang Photo Bureau/PNA)LAM/gsc

BIR posts yoy increase in August ’14 collections By Joann Santiago

MANILA - Port congestion hurt collections of the Bureau of Internal Revenue (BIR) in August 2014 but revenues still grew by 8.01 percent year-on-year. Data released by the BIR Tuesday showed that August 2014 collections reached Php127.56 billion, higher than year-ago’s Php 118.11 billion. However, it is 10.5

percent short against the agency’s Php142.5 billion target for the month. “The performance of the Bureau of Internal Revenue was affected by the low income tax payments received for the second quarter of taxable year 2014 which can be attributed to lower corporate income of large corporations, which could also be brought about by the port congestion experienced during the past months,”

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BIR Commissioner Kim Henares said in a statement. Revenues from BIR operations last August reached Php125.02 billion, 7.59 percent higher than year-ago’s Php 116.2 billion. Also, collections from non-BIR operations went up after it reached Php 2.55 billion, 33.29 percent higher than year-ago’s Php 1.91 billion. Both the Regional Offices and the Large Taxpayers Service (LTS) also

registered revenue increases during the month. Collections by the Regional Offices reached P42.09 billion, 10.3 percent higher than the P38.16 billion in August 2013. The LTS’ revenues rose by 6.26 percent to P82.93 billion against the Php 78.04 billion same period in 2013. Henares vowed to continue implementing tax collection reform measures to meet the agency’s P1.445 trillion goal for 2014. (PNA)

MADRID, Spain -- President Benigno Aquino III outlined the administration’s achievements in fields of economy, tourism, education and infrastructure when he met with the Filipino community at the Colegio Nuestra Señora de las Maravillas here on Sunday. Sp e a k i ng b e fore at least 700 Filipinos, President Aquino shared the accomplishments of the administration in the last four-and-a-half years of good governance and transparency. “All of the changes that we have been enjoying were results of restored trust and confidence of the people to the government and their selves brought about by fair system and good governance,” the President said. Aquino cited the continuing robust economy of the Philippines, which resulted in the upgrade of credit ratings to investment grade status by three major credit rating agencies despite challenges brought about by Typhoon Yolanda, the Zamboanga siege, Bohol earthquake, among others. Once called the “sick man of Asia,” the Philippines is now hailed as “Asia’s rising star and bright spot” as the economy grew by 6.4 percent in the second quarter of 2014 to beat neighbors Thailand and Indonesia and to be at par with Malaysia, Aquino said. “In September, based on the Global Competitiveness Report of the World Economic Forum, we jumped to 32 spots, the highest since 2010,” the President told the Filipino community. The Chief Executive likewise noted progress in the tourism sector that would make it possible to achieve 10 million tourist arrivals in the last two years of his term until 2016. He said Filipinos should expect more flights to and the United States following the upgrade of the Philippines to Category 1 status by the US Federal Aviation Authority. “Our invitation to the

entire world: We are not just open for business, it’s more fun in the Philippines,” President Aquino said. T he Pre s i d e nt a l s o noted that infrastructure developments, including construction and repairs of major roads and public transportation facilities are in full swing. He also cited the construction and improvements of major expressways in the country including the Tarlac-PangasinanL a Uni on E x pre ssw ay (TPLEX), the Subic-ClarkTarlac North Luzon Expressway and South Luzon Expressway. And by the end of 2014 and next year, TPLEX will be extended up to Urdaneta, Pangasinan and Rosario, La Union, respectively. “This means ‘LEX’ (less) anxiety for the people,” the Chief Executive said. He also mentioned other major infrastructure projects such as the Cavite LRT extension, upgrade of airports and seaports, construction and development of the Clark Green City in Central Luzon, which will be bigger than the Bonifacio Global City, and the bus rapid transit project in Cebu. President Aquino likewise noted the construction of more classrooms for educational improvement and housing units for the military and police authorities. The Pantawid Pamilyang Pilipino Program, he said, has so far assisted some 4.1 million indigent Filipinos back home. The President also relayed the good news in Technical Education and Skills Development Authority’s improved placement rate, PhilHealth’s wider health plan coverage, as well as the Department of Science and Technology’s enhanced weather forecasting facilities. “We don’t wait for the so-called trickle down effect. The benefits to the people, just like how the famous line of my sister Kris goes: Now na!,” he said. (PCOO-PND)

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Corporate

Pinoys consider having less savings as commodity prices rise -- BSP survey By Joann Santiago

Rising commodity prices have made some consumers open to not having some extra funds for the rainy days in the third quarter of the year. Based on the consumer expectation survey (CES) of the Bangko Sentral ng Pilipinas (BSP) for the third quarter of 2014, the number of households with outstanding savings fell to 26.9 percent from 30.3 percent in the previous quarter’s survey. The drop was registered both in the low-income group or those whose monthly family income is less than Php10,000 and the middle-income group, which has a monthly income of Php10,000Php29,999. Index for the savings outlook of the low-income group slightly moved down to 16.3 percent from quarter-ago’s 17.2 percent. Its drop was lower compared to the 7.2 percentage points decrease of those in

DTI.... from B1

Business Development Division from DTI Region l0, gave an overview of the ASEAN economic integration, so as to have a clear mind-setting of the role of Intellectual Property in global competitiveness. Resource speaker, Mr.

Sectors.... from B1

OFWs and retirees have seen the franchising business as perfect venture to invest their money or savings. The younger generation, on the other hand, has seen great opportunity in doing their own business through franchising than being employed in a company, according to Bartolome. He added that venturing into small businesses like franchising is now easier here in the country with

the middle income group to 34.3 percent from quarterago’s 41.5 percent. On the other hand, the index for the high-income group or those that have monthly family income of Php30,000 and above rose to 66.7 percent from 64.9 percent in the second quarter of the year. Relatedly, as banks continue to widen their coverage in most parts of the country, bulk of the respondents or 66.7 percent said they put their savings in banks, while those who still keep it at home remain large at 23.3 percent. The others put their savings in cooperatives, 5.7 percent; credit or loans and other associations, 2.8 percent; “paluwagan” (fund pooling), 1.3 percent; and others, 0.2 percent. In terms of reasons for saving, most of the respondents said they are doing it to have funds for emergencies, retirement, health and hospitalization, education, and business capital and investment. (PNA) Marlo Q. Carag, area manager of the IP Field Operations Unit of IPO Main Office, gave a thorough discussion of the various important aspects regarding IP. Rey G. Lomarda, president of Greenminds Inc. and an IP practitioner gave his testimony on the benefits and advantages of having products which are IP certhe availability of financial facilities catering to micro, small, and medium enterprises (MSMEs). The AFFI chair also expected that the franchise sector will grow 20 percent this year. Combined revenue of AFFI members last year recorded a total of Php63.4 billion. Currently, the business group has 118 members with 19,312 stores and have employed 135,184 personnel. AFFI members are also increasing its competitiveness by competing in the

Mindanao Daily B3 NEWS business . economy . corporate . banking Your Mindanao-wide Community Newspaper

90MW renewable energy projects to be partly financed by BDO which will be financed partly by Banco De Oro (BDO). “We have about 90 MWs in the pipeline. These are wind, biomass and hydro-electric,” BDO Senior Vice President (SVP) Group Head of International Desks Edward Wenceslao said Wednesday on the sidelines of the Energy Smart Philippines Press Briefing at the Dusit Thani Hotel in Makati City. However, Wenceslao stated that he does not have the figure for the number of companies, which have asked loans from BDO. He also mentioned that most of the projects were based in Luzon, one of which has been specifically located in Antique

province. The projects were identified as more on biomass, while the loan was mostly utilized by rice millers. Wenceslao said that the rice miller’s biomass projects, will also help lessen consumption demand, since they produce and utilize their own power. He added that the power surplus has an advantage of being passed of to the grid. Wind renewable energy projects was also said to be included in the projects, he said. Showing signs of optimism for the RE industry, a lot of companies are still passing applications for the loans. Only four or five weeks will be needed to assess if the project will be accepted for financing or not, he added. Wenceslao said the applications will mostly be accepted, if they reach

the 30 percent profit criteria, adding BDO can finance about 70 percent of the total project cost. It’s also willing to provide long-term financing. Currently, BDO has financed a total of Php1.1 billion worth of energy efficiency projects. The companies which availed of their loans, were saving Php 2 million for the first year and had consistently increased to Php 3 million in the second year. But, they are still hoping that more companies apply for the loan financing. “We want more, not only on industrial side, but more on the commercial side,” Wenceslao said. He also mentioned that BDO is encouraging the reduction of wattage requirements, through the use of LED products. For his part, European Chamber of Com-

merce of the Philippines (ECCP) Vice President and General Manager Martial Beck has stated that the small kilowatthours (kWh) of power saved from the mass usage of LED products, can be combined into a greater figure. Beck highlighted that tapping the Business Process Outsourcing (BPO) industry and Philippine Economic Zones Authority (PEZA) to use LED products could largely contribute to power conservation. Further, for the industry challenges, Wenceslao stated that the problem lies on finding company heads who are willing to invest in energy efficient products. BDO plans to expand its target portfolio for renewable energy alone, which was functioning since 2007. (PNA)

tified while Glenda Libed shared about how the discussion has inspired her to publish her book. “With the continued growth in the business world, there is certainly a need for the SMEs to recognize and value their intellectual capital and knowledge-based assets to become world-class enterprises. Intellectual Property (IP) being one of AEC pillars under Competitive Economic Region paves the

way for such vision to happen. An understanding of the importance of the basics of Trademark, Copyright, Patent and utility Model are just a few of the things that are essential for every SME,” Dir Pabillore said. “With its mission to help build an enabling environment for business to grow, DTI is gearing up in providing more ways to equip SMEs to become competitive not only locally but globally,” Pabillore added.

Code.....

city are complaining because the BIR valuation is much higher compared to the taxes which are computed based on the city’s approved revenue code, he said. Elipe said that the city’s proposed Revenue Code of 2015 wants to settle some conflicting issues on matters of tax collection and valuation between the city government and the BIR. “These are issues that should be settled in order to avoid misunderstanding,” he said. (PNA)

international market. According to Bartolome, there are 12 AFFI members who are global franchisors with 76 outlets abroad which include Aquabest, Crystal Clear, Eat Bulaga, Figaro, Fiorgelato, Goto King, Lay bare, Mang Inasal, Potato Corner, and Sweet Corner. He added that in the past few years, there has been a shift in franchising sector from food businesses to non-food businesses.

He mentioned that the industry before is composed of 70 percent food business while the remaining 30 percent are into non-food business. But it shifted today to 57 percent food business and 43 percent non-food business. He added that franchised service is also a fast-growing sector supporting the expansion of non-food franchising. This means the food

franchising sector should think of more innovation and find their niche market or segmentation in order to compete to the fastchanging local franchising industry, said Bartolome. Meanwhile, AFFI will hold this year’s Filipino Franchise Show on October 3 to 5 at the World Trade Center in Pasay City in which the organization will hold the first Franchiser’s

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the public hearings that would run until September 30 at an interval of two days every week every Tuesday and Thursday. Elipe said there is also an issue on whether the tax based on the value of the Bureau of Internal Revenue (BIR) should be adopted in lieu of the approved revenue code of the city government. Business owners in the

Conference that aims to prepare local players in the franchising industry in the upcoming ASEAN integration in 2015. (PNA)

Lot for Sale 1). 5.6 hectares with 2 hectares quarry with approved permit. Located at Sta. Ana tagoloan, Misamis, Oriental. 2). 4.6 hectares with 2 hectares quarry with approved permit . Located at Natumolan, Tagoloan, Misamis, Oriental.

Contact No. 0926-9802 -302; 0927-272-8975; 0936-335-2901; 0928-993-9222

MDN: Aug. 15-Sept. 14, 2014

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DA-RFO lead two-day regional management committee meeting

UTUAN City - The regional office of agriculture here spearheaded a regional management committee meeting among its line bureaus and attached agencies, aimed at strengthening the collaboration between and among them, according to the information released by the said office recently. The Department of Agriculture-Regional Field Office XIII headed by Acting Director Edna M. Ma-

beza, held the conference hosted by the Philippine Carabao Center (PCC) at Musuan, Bukidnon. Among the important matters discussed during the said meeting were the submission of monthly reports to the congressmen of Caraga, creation of a composite team to monitor the prevalence of pests and diseases, updates and concerns of the agencies, conduct of Agriculture and Fishery Council (AFC)

and Agriculture Extension Workers (AEW’s) congresses on November 5 and 6, respectively. The meeting also provided a venue to harmonize and collaborate undertakings such as registration of farmers and fisherfolks to avoid the duplication of interventions. An expository tour of the PCC’s facilities was also conducted on the second day to give the members basic information on the

agency’s mandate and services. The Regional Management Council (RMC) is a policy making body composed of executives of the DA-RFO, Bureau of Fisheries and Aquatic Resources (BFAR), Bureau of Soil and Water Management (BSWM), Philippine Fiber Industry Development Authority (PhilFIDA), National Meat Inspection Services (NMIS), Philippine Crop Insurance Corp.

(PCIC), Philippine center for Post-harvest Development and Mechanization (PhilMech), Philippine Rice Research Institute (PhilRice), Quedan and Rural Credit Corporation (QUEDANCOR) and the chairman of the Regional Agriculture and Fishery Council (RAFC). Other concerned agencies invited to sit in during the meeting were Fertilizer and Pesticide Authority (FPA), National Irriga-

tion Administration (NIA), National Food Authority (NFA), Philippine Coconut Authority (PCA) and the Philippine Statistics Authority (PSA). The FPA, NIA, NFA, and PCA are now under the Office of the Presidential Assistant for Food Security and Agricultural Modernization (PAPSAM) while the PSA is under the National Economic Development Authority (NEDA). (PNA)

Natural feed additives strengthen immune system of native chicken Feed additives using garlic, version ratio with that of basal onion and moringa have been diet, and chickens receiving proven to strengthen the im- basal diet (22.88% CP) has mune system of native chicken, insignificant difference with according to a research con- phytogenic fed-group. ducted by the Central Philippine He emphasized that failure University-College of Agriculture in providing the chicks with Resources and Environmental optimum environmental condiSciences (CPU-CARES). tions during brooding period to According to Dr. Jaime C. hardening stage may lead to Businessman starts “Rice Bucket Challenge” in PHL - Henry Lim Bon Liong, the producer and Cabarles, Jr., Dean of CPU- poor growth performance, lower distributor of Dona Maria premium rice varieties, distributes buckets of brown rice to poor families during the CARES, research showed that survival rate and, ultimately, launching of his “Rice Bucket Challenge” Friday (Sept. 12, 2014) at Sterling Place in Makati City. The objective of incorporation of two grams/kg reduced productivity. the challenge is to donate rice to help feed as many poor families as possible by calling on all Filipinos to share feed of garlic powder increased It has been concluded that their blessings with everybody. Right photo shows Lim explaining the mechanics of the “Rice Bucket Challenge.” live weight gain and attributed regardless of the breed, chick(PNA photos by Jess M. Escaros Jr.) SCS/jme to enhanced chicken immune ens raised with commercial system. feeds have significant difference Cabarles said that the ap- on the weight gain and feed efpearance and quality of rations ficiency among other naturally with additives greatly affects the volume ingested agri feature by chickens thereby decreasing the feed consumption due to repulsive odor based additives. and taste of the diet. Synthetic feed premix has He stressed that the use numerically comparable results of virginiamycin antibiotics in with natural feed additives feeds have higher feed con- indicating enough nutrient supply for the requirements Deed of Extra-judicial Settlement of the chicken and fermentaof the Estate tion of the feeds improved its of Thaddeus Avanceña Bautista appearance and palatability; likewise, stocking density and Notice is hereby given that the intestate estate of the deceased environmental factors affects THADDEUS AVANCEÑA BAUTISTA, who died on 31 March survival percentage. 2014 in Cagayan De Oro City; left his conjugal share in certain Economic analysis also reveals that commercial feeds real and personal properties, and identified as follows: Transfer require more investment as Certificate of Title No. T-26649 “A parcel of land (Lot 2047-Bcompared to other rations 1-B-5-A, Psd-10-001026,situated in the Barrio of Macasandig wherein cheap cost of the ,City of Cagayan de Oro, Island of Mindanao containing an area raw materials for feed addiof ONE THOUSND (1,000) SQUARE METERS more or less. tives contributes to its lower All points referred to are indicated on the plan and are marked production expense. on the ground by P.S. Cyl. Conc. Mons. 15 x 60 cm., Bearings Meanwhile, Mr. Homer Detrue, date of original survey,February 15-June 16 , 1929 and loso, research presenter, said that of the subdivision, June 27, 1978 executed by Paterno P. that quality meat of chicken Gallares, Geodetic Engineer and approved on July 21, 1978. was developed based on what ; Transfer Certificate of Title No.T-113366 “ A parcel of land they eat. (Lot 21154-D, Psd-10-014859, being a portion of Lot 21154, Deloso said that the study Cad. 369-D, Cagayan Cadastre Ext.), situated in the Barrio of aims to determine the growth Cabula, City of Cagayan de Oro, Island of Mindanao ,containperformance of hardened ing an area of SEVENTY TWO THOUSAND FIVE HUNDRED chicks of different genetic SEVENTY SIX (72,576) SQUARE METERS more or less. All groups of native chickens in points referred to are indicated on the plan and are marked on Western Visayas in terms of the ground as follows: Points 3-4-5-6 by PS cyl. Conc. mons. live weight gain, feed consumpAnd the rest not otherwise described are Old Points; bearing tion, feed efficiency, survival true, date of Original survey, July 18-19, 1968 and that of the rate and cost of production. subdivision June 3, 1991, executed by Paterno P. Gallares, The research entitled Geodetic Engineer and approved on June 4, 1991, is the “Growth Performance of Difsubject of Deed of Extra-judicial Settlement of the Estate of ferent Native Chicken Genetic Group Fed with Phytogenic AdThaddeus Avanceña Bautista Under Public of ATTY. ROBERT ditive Enriched Supplemental W. RAYPON; As per Doc. No. 393; Page No. 77; Book No. III; Feeds” vested 47 agriculture Series of 2014. related researches during the MDN: Sept 18, 25 & Oct 2, 2014 recent 3rd regional research symposium for students. (PNA)

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