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Volume IV, No. 92
Market Indicators
As of 5:57 pm Apr. 22, 2014 (Tuesday)
FOREX
PHISIX
US$1 = P44.53
6,784.95 points
10 cents
X
17.44 points
X
Briefly Corn Congress AS the city of Cagayan de Oro will be the host for the 10th National Corn Congress (NCC) which is tentatively scheduled on October 12-17, 2014, the Department of Agriculture – Regional Field Office No. 10 (DA-10) has recently held a Preparation Meeting for the conduct of the said activity. The 10th NCC is expected to bring in 2,500 participants, consisting of corn farmers, DA officials, local government units (LGUs), private sector, the academe and other agricultural stakeholders to showcase various farm machinery, equipment and post-harvest facilities as well as share and discuss prevalent issues and concerns on the best corn farming practices and technologies. Engr. Roger Navarro, president of the Philippine Maize Federation, Inc. revealed that the six-day affair will focus more on corn farming mechanization through the conduct of exhibits, technology demonstrations, fora and technical reports, especially in light of the upcoming Association of Southeast Asian Nations (ASEAN) economic community integration.
Aviation upgrade THE Civil Aviation Authority of the Philippines (CAAP) has taken a notch higher after receiving a Category 1 status of civil aviation safety by the United States Federal Aviation Administration (FAA). Laguindingan Airport Area Manager, Jose Budiongan said in a phone interview that “Category 1 means that we are no longer restricted and additional routes to the United States are granted. When we were in Category 2, we were restricted because we had a lot of safety issues and concerns.” He said that with Category 1 status, we are elevated and at par with developed countries in terms of compliance to the standard set by International Civil Aviation Organization (ICAO).
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Final draft of Bangsa law goes to Congress C
By EDWIN O.FERNANDEZ Philippine News Agency
OTABATO City -- The Bangsamoro Transition Commission (BTC) composed of representatives from the government and the Moro Islamic Liberation Front (MILF) has signed the final draft of the proposed law that will establish the Bangsamoro government in Mindanao, officials Monday said.
EARTH DAY RALLY. At least 8,000 people from all over Caraga Region attended the Earth Day protest rally in front of the Mines and Geosciences Bureau (MGB) regional office in Surigao City on Tuesday. The rallyists condemned the operations of big mining companies, which they said have adverse effects on the environment. mindanews photo by roel catoto
Milkfish in MisOr still safe for consumption, says BFAR MISAMIS Oriental -- The Bureau of Fisheries and Aquatic Resources (BFAR) in Northern Mindanao said on Monday that the milkfish raised in Balingasag, Misamis Oriental is still safe for public consumption. The BFAR made the announcement to allay fears that the culture milkfish in the province’s marine culture park in Balingasag were affected by the harmful algal bloom (HAB) that caused “fish kill” at the start of the month of April this year.
The 95-hectare “Mariculture Park” in the coastal town of Balingasag in Misamis Oriental is the biggest supplier of milkfish in Northern Mindanao. In 2013, the annual total production of Bangus in Balingasag was 956.25 metric tons. B FA R 1 0 R e g i o n a l Director Visa Tan Dimeren said that the (HAB) is a rapid growth of algae in an aquatic system due to increase in temperature, water salinity as well as its movement which safe/PAGE 11
Ghadzali Jaafar, MILF vice chair for political affairs, said the signing was held at the BTC office In Cotabato City on Easter Sunday. “Except for two BTC commissioners, a l l t he members signed the document,” Jaafar said. “Hopefully, the proposed law which under went a thorough consultation and study, will get the approval
of the Philippine Congress,” Jaafar said. The unsigned and partial draft copy of the document had been forwarded to the Office of the President for review. Two BTC Commissioners failed to show up during the signing. No reason was given when Johaira Wahab and Fatmawati Salapuddin draft/PAGE 11
Aboitiz Power barges on extended running hours By GRACE BEBER Staff Writer
POWER provider Therma Marine, Inc. (TMI) has continued deploying its diesel-fired power barges operating close to 24 hours on a daily basis, as Mindanao power supply remains thin, a company statement said on yesterday. Some 22 electric cooperatives and distribution utilities have power aboitiz/PAGE 11
Therma Marines’s 100-MW power barge 117 moored at Nasipit, Agusan del Norte.
BSP plans to demonetize old bills T H E B a n g k o S e nt r a l ng Pi l ipi na s ( B SP ) i s encouraging the public with the old series of currency bank notes to have them exchanged before they are demonetized, said a bank
official here on Monday. Dexter Erick Demafeliz, senior research specialist of the Central Bank of the Philippines here, said that BSP is set to demonetize the old currency notes in
2015 to give way to the full circulation of the new generation currency bank notes. The new generation currency series, in bills/PAGE 11
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Higaonon Tribe to turn aquatic weeds to revenue resources By OLIVER BADEL INODEO, Contributor
IN a serene and interior v i l l age of Pag a lu ng an , some 45 minutes ride from downtown here, cradles a Higaonon Tribe community of this city. The tribal community
relies on corn, rice, root crops, bananas, among others for their staple food and from a small lake for tilapia and carp fish supply and a freshwater lobster locally known as ulang.
Datu Rosalino Aguio Manlinombay, the tribal leader of the community, disclosed that the small lake is important to their community because it is the breeding place of thousands of tilapia and carp fingerlings he cultured this year. It also becomes the source of tap water for washing and bathing of some households living near the lake. Not only that, the lake in this mining village also grows water hyacinth (Eichhornia crassipes), a free-floating perennial plant with dark green leave blades which varies from circular to elliptical in shape attached to a spongy, inflated petiole. The lake is one of the two bodies of fresh water in this city that grows mats of water hyacinth. The other is in urban area of this city; along the silted river bank of Cagayan de Oro River located in Balacanas, Consolacion village.
Threats of water hyacinth The tribal community did not recognize the imminent threat of the water hyacinth that abound in their lake. Un k now n to t he community, the Department of Environmental and Natural Res ources (DENR) has considered the aquatic plant as pest and water pollutant as it invades and chokes up waterways causing flood and problems to the locals and the environment. F u r t h e r, t h e w a t e r hyacinth provides a growing field for mosquitoes and screens off sunlight that is required by aquatic flora and fauna. Recently, a tribe member who is a Pantawid Pamilya beneficiary disclosed that he has a low catch for months now compared to several years before. However, he attributed the low catch from the siltation and shallowing of the lake, and not to the spread of mats of water hyacinth over the
lake. Studies show that water hyacinth is a very aggressive invader and can form thick mats. If these mats cover the entire surface of the rivers, they can cause oxygen depletion and fish kills. Besides, water hyacinth has no known direct food value to wildlife and is considered a pest specie. Studies also revealed that with water hyacinth water
loss can be as much as 1.8 times that of evaporation from water ways free of these plants; access to sites becomes difficult when weed infestation is present; fish populations decrease as water begins to lose oxygen and sunlight; populations of crocodiles and snakes increase; and in areas where fishermen are barely able to weeds/PAGE 11
DPWH bares ongoing infra projects in CdeO THE Department of Public Wo r k s a n d H i g h w a y s (DPWH-10) submitted to the City Council committee on public works the list of projects being implemented in the city as of March 2014. Based on the status report submitted by Officer In Charge-Assistant Regional D i re c t or E f re n B e r b a , ongoing projects are: paved to paved access road leading to Dao Heritage Tree and Mapawa Nature Park in Cugman, gravel to paved construction of coastal road including road right-of-way, road opening construction of coastal road. The list includes the construction of flood control works (flood wall)
along C agayan de Oro River (Cathedral Section), retrofitting/rehabilitation/ strengthening J.R. Borja Bridge and widening of Sayre Highway, Puerto-Alae Section including road rightof-way. Meanwhile, the gravel to paved road concreting and improvement of the drainage structure along Berjaya Resettlement Area Phase II in Camaman-an is already complete, according to the report. According to the DPWH official, the submission of the report to the committee is in line with the agency’s policy of close collaboration and coordination with the city government.
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Tune Hotel 8800888/8801306 Travelers Pod 8518988
Villa Paraiso Apartelle 3870419 Fax: 3870429 HONORARY MEMBERS: Dept. of Tourism 723696/726394 / 8564048 Fax: 723696 RESTAURANTS: Bigby’s Café 72-1071/857-5511/8575836 Fax: 711843 Café Laguna 8582999 Fax: 8567001 DM Villaruy Restaurant 733790 Golden Ajirang I 856-5271 Fax: 727876 Grand Caprice Restaurant 72-6955/856-2302 Fax: 72-4986 Kagay-anon Restaurant 728958 / 8563688 Fax: 8563843 / 729003 La Ilongga Restaurant 72-6183 / 857-3652 Fax: 72-4605 Max’s Restaurant 8586297 Fax: 8568264 Missy Bon Bon 8566852 / 09228606442 Fax: 8566852 SLERS Ham & Café 8551438 Thai Me Up 738424/3108424 Fax: 738424 Barkadahan Grill 8551234 La Tegola Cucina Italiana 8585959
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Century Tuna maker prices IPO near higher end of range THE maker of Century Tuna will raise P3.16 billion from a maiden share sale after setting the price near the higher end of its indicative price guidance. In a text message, BDO Capital and Investment Corp president Ed Francisco said Century Pacific Foods Inc will sells its shares at P13.75 per share. The leading food manufacturer earlier pegged the initial public offering
(IPO) price range at P12.50 to P14.50 per share. BDO Capital is one of the underwriters of the offering. Century Pacific aims to sell 229.65 million shares, or a tenth of the company’s outstanding capital stock, from April 23 to 29. The listing of the shares on the main board of the PSE will be on May 6. Apart from Century Tuna, tuna/PAGE 11
Vista Land gets OK for P5-B bonds THE Securities and Exchange Commission has approved the planned maiden retail bond offering of Vista Land & Lifescapes Inc., the country’s largest homebuilder, worth up to P5 billion. In a disclosure to the Philippine Stock Exchange, Vista Land officer in charge Brian Edang said the firm plans to issued P3 billion worth of fixed rate bonds with
an over-allotment option of up to P2 billion. Vista land has been given the highest issuer credit rating of AAA with a stable outlook by Credit Rating and Investors Services Philippines, Inc. (CRISP). In assigning the rating, CRISP noted Vista Land’s leadership in the low-cost and affordable housing market, excellent financial
performance, strong management team and a successful operating model. Vista L and leads all property developers in the country in the low-cost and affordable housing m ar ke t s e g m e nt s . T h e Company has built more than 250,000 homes located in 34 provinces, 73 cities and municipalities throughout the Philippines.
LABOR DAY JOB FAIR AT SM SM Supermalls will hold a Nationwide Labor Day Job Fair on May 1 at its 48 malls nationwide with the theme “Sa Sipag, Tiyaga at Talino, Buong Mundo Saludo sa Manggawang Pilipino.” In cooperation with the Department of L ab or & Employ ment ( D O L E ) , Te c h n i c a l E du c at i on a n d S k i l l s Development Authority ( T E S DA ) , P h i l i p p i n e O verseas Employment Administration (POEA), Overseas Workers Welfare Association (OWWA), Public Employment Service Office (PESO), Department of Trade and Industry (DTI), National
Statistics Office (NSO), Professional Regulation Commission (PRC), Department of Foreign Affairs (DFA), National Bureau of Investigation (NBI), Social Security System (SSS), STI and ABSCBN, the job fair aims to salute the new graduates and the Pinoy Working Force, and assist as many qualified individuals as possible in finding employment. At SM City Cagayan de Oro, the Job Fair will be held from 8am-5pm at the ground floor of the SM carpark building. For jobseekers who want to sign up early, there will be a pre-registration booth
located at the mall’s ground floor area, between Classic Savory and SM Appliance from April 26 to 30. This is the seventh Nationwide Job Fair that the SM Supermalls has organized. Last year, a total of 110 companies participated in SM City Cagayan de Oro’s job fair. A total of 2,184 applicants were registered, of which 351 were hired-on-the spot. SM Malls, after all, have been a catalyst in creating employment and business opportunities in all areas where they are located, and the Job Fair is one way in which it can do its share for the community.
The rating agency also noted that the company has an operating model that can successfully replicate largescale housing community projects in its large landbanked properties widely spre ad t h roug hout t he country. CRISP also cited Vista Land’s excellent financial performance in the last 5 vista/PAGE 9
Sta Lucia mulls reviving sale of additionall shares STA. Lucia Land Inc (SLI) is looking to revive a plan to sell shares this year. In an interview, SLI chief financial officer David Dela Cruz said the real estate developer is eyeing to raise $50 million to finance capital expenditures and working capital. “A follow-on offering is still the focus pero kung may papasok na investor, why not?” dela Cruz said. The company’s shares rose 1.25 percent to close at P0.81 apiece on Monday. SLI has drawn the interest of a number of funds, he said, shares/PAGE 9
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Banking&Finance
ADB approved $21-B in budget operations in 2013 THE Asian Development Bank (ADB) has approved $21.02 billion in financing operations in 2013. I n i t s 2 0 1 3 a n nu a l report, the ADB said the substantial lending volume reflects the Asia and Pacific region’s continued need for development assistance, despite impressive growth and poverty reduction efforts in recent years. The report noted that an estimated 733 million people in the region still live on less than $1.25 a day, and the gap between rich and poor is widening. Of the total financing, $14.375 billion came from ADB’s ordinar y capital resources and special funds, and $6.648 billion from cofinancing partners. With much of the region vulnerable to climate change and natural hazards, the theme of the repor t is environmentally sustainable growth. The report highlights ADB’s work to develop sustainable infrastructure, manage critical ecosystems, respond to the effects of climate change, and support renewable electricity generation. In 2013, ADB’s clean energy investments reached $2.35 billion. After an
earthquake and then Typhoon Haiyan (Yolanda) struck the Philippines in late 2013, claiming more than 6,000 lives, ADB provided nearly $900 million in assistance for immediate recovery efforts and long-term work to rebuild infrastructure like schools and clinics, and restore sources of income in rural communities. Other significant a c h i e v e m e nt s i n 2 0 1 3 include approval of country partnership strategies for India, the Kyrgyz Republic, Nepal, and Thailand; investment of $2 billion for water sector projects; investment of $644 million in education; approval of two electricity generation projects totaling $1.07 billion in Pakistan; $575 million in support for economic and social reforms and debt relief in Myanmar and up to $275 million in loans to private companies in the People’s Republic of China to facilitate leases for “clean” buses. In addition, ADB cont inue d to b o ost its efficiency and effectiveness in 2013, introducing initiatives to improve business processes, cut waste, fight c or r upt i on , st re am l i ne procurement, strengthen adb/PAGE 9
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OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY
AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274
METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057
ASIA UNITED BANK Cor.Camp Alagar Road Lapasan, Cdoc 729678 / 8568893
METRO BANK- CARMEN Max Suniel St. Carmen, Cdoc 8581722/ 8585162
BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075
METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721
BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637
METRO BANK- OSMEÑA Brgy Osmeña St. Cdoc | 722014 /8800924
BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796
METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731
BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405
METRO BANK- GAISANO 8561720
BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178
NEDA chief sees higher social, infra spending to make a dent on poverty THE Aquino administration plans to increase the share of social and infrastructure spending to benefit poor Filipinos in line with the government’s economic blueprint, according to the National Economic and Development Authority (NEDA). “The Philippine gover nment’s sp ending on infrastructure and other capital outlays has significantly increased in recent years. These are
channelled specifically to projects that benefit the poor, such as construction and rehabilitation of roads and bridges, enhancement of tourism access, and irrigation to support the agriculture s e c tor,” S o cio e conomic Planning Secretary Arsenio Baliscana said in a statement. He said higher infrastructure spending is expected to reach five percent of gross domestic product (GDP) by 2016 as outlined neda/PAGE 9
BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN
CM Recto Ave. Lapasan, Cdoc, 8563991/727731
BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602
PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723 PNB- LKK MALL NORTH CONCOURSE
LKK Mall N.Concourse Cdoc 8574149/8575682
PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992
PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184
BPI- COGON Osmeña St. Cdoc 8571297/8571298
PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386
CHINA BANK –GAISANO 745887/745880
QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390
CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091
D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366
RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.
#58 Tiano FernandezSt.CDO 727215/ 8563552 *805
DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649
SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774
DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819
SECURITY BANK- LKK Limketkai | 8801258/8801625
EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081 EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331
of Mindanao, the approval of this request by the DPWH will significantly contribute to the economic viability not only of the Province of Misamis Oriental and nearby cities and provinces but also of Mindanao as a whole. The Res olut ion was approved during the 9th Regular S ession of the Sangguniang Panlalawigan of Misamis Oriental.
Tiano Bros St. Cdoc | 727083 /727082
BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263
CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844
accompanying the Resolution, Vice Governor Pelaez said that road widening projects should also be implemented in the 1st District because it needs more development projects as the Balingasag to Magsaysay National H i g hw ay s i g n i f i c a nt l y connects to Butuan City and other provinces in the CARAGA Region. He added that as one of the gateways
PLANTERS DEVELOPMENT BANK
PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438
CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059
in providing access to major transportation and commercial hubs like airports, seaports, production areas, markets, tourist destinations and other economic centers throughout the country. Vice Governor Joey G. Pelaez concurred with Board Member Lagbas that a lot of road widening have already been implemented in the Second District. In his letter
PBCOM Tiano-HayesSt. Cdoc | 726519/8571558
BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406
CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641
The Sangguniang Panlalawigan of Misamis Oriental, headed by Vice Governor Joey G. Pelaez, supported the Resolution authored by Provincial Board Member Benedict P. Lagbas requesting the DPWH to include the 1st District of Misamis Oriental in its Road Widening Projects.
5
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BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203
SP MISOR REQUESTS DPWH TO INCLUDE 1st DISTRICT IN ROAD WIDENING PROJECTS MISAMIS ORIENTAL – VICE GOVERNOR JOEY G. PELAEZ, together with the members of the Sangguniang Panlalawigan, passed a resolution requesting the Department of Public Works and Highways (DPWH) to include the 1st District of Misamis Oriental in its Road Widening Program. Hon. B oard Member Benedict P. Lagbas of the 1st District of Misamis Oriental authored the resolution requesting the DPWH, thru Hon. Secretar y Rogelio L. Singson, to include the widening of Balingasag to Magsaysay National Highway in their Road Network Priority Programs from the existing two lanes to four lanes. Board Member Lagbas said that road widening projects have already started in the 2nd District of Misamis Oriental after the opening of the Laguindingan International Airport but none so far has been allocated in the 1st District. The national road network is important and a valuable asset of the gover nment b e caus e it provides connectivity to all Filipinos for their economic and social activities. It is also essential not only in ensuring the safety and security of the public but more importantly
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ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415
SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632 STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168 UCPB BANK- LAPASAN Osmeña Corner Lkk Drive, Cdoc 85771842/ 725135 UCPB BANK- VELEZ Velez Corner C. Pacana St. CDO 8564474/8564527 UCPB BANK SAVINGS-CAPISTRANO
Capistrano Corner CruzTaal St. CDO 8524099/722695
UCPB BANK SAVINGS- OPOL Gf forever Books Bldg.Bulua National CDO 754519/8588063 UNION BANK Lapasan Cm.Recto Cdoc | 8566847/8563805 WEALTHBANK Velez Gomez St. Cdoc | 8568942/722174 1ST VALLEY BANK Vamenta Blvd. CornerLirio St. Carmen, Cdoc 8501871/ 8584146 OROBANKERS CLUB Inc. Pnb Carmen | 09151850242
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Shopping Spree
T
h i n k a m i nute… O n a T V g a m e s h ow, I s aw a woman w ho won a shopping spree in a supermarket. She had 10 minutes to fill her car t with anything she wanted in the store. In those few minutes, she had to b e smart and find the most valuable things she could to fill her cart with. D o y o u r e a l i z e t h at your life is like a shopping spree? In this short life, we have on ly a limite d amount of time to get the most valuable things we can. To get the most for our time. One successful man said it this way: “The time of your life is the one dollar you’re given. It’s the only dollar you have, so be ver y careful how you choose to spend it. Don’t ever let other people spend it for you. Counting time is not nearly as important as making time count.” If you don’t use it, you’ll lose it. Time never stops for any of us, no matter who we are. “You may be able to take the day off, but you can’t put it back.” Since we can’t keep it or save it, we have to spend it. A wise man said: “The on ly smar t us e of your time and life is to spend it on something that will last longer than your life and keep benefiting you
THINK
A Minute
By Jhan Tiafau Hurst
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Beware Of Text Scammers!
I
have a cellphone. You have one. You might have too. I really take care to whom I present my cellphone number. If I receive text messages or even calls “from numbers I haven’t stored”, I won’t entertain them. This might make some people angry and upset - but, sorry folks, if I really don’t care. During the Lenten/Easter season, I received almost 50 text messages (from different numbers), telling me about the millions I “could have won” if ...! You, my dear reader gets such stuff too? And then? Get it, read it, delete it! I received already several press notes from the AntiMoney Laundry Council, Bango Sentral ng Filipinas,
Manila, stating: “Don’t be fooled by text scammers! The public is again being warned about text scams which continue to victimize people, including overseas Filipino workers.” Modus operandi text scammers use f ictitious names or pose as government officials and send fraudulent text messages to their would-be victims, saying that their mobile numbers won in a raff le (or so!) allegedly sponsored (among many others) by the Bango Sentral ng Philippinas or other institutions. They tell their victims that to be able to claim the prize, they should first send money to the scammers via a designated bank account
or remittance company or “sharing - a - load”. O nc e t he s c a m mer s receive the money and/or prepaid load, the victims would no longer be able to get in touch with them again! The Bangko Sentral repeated already innumerable times, that it doesn’t conduct raff les. My advice: read it, don’t delete it, but take time to report it to the BSP or the Anti-Fraud and Computer Crime Division, National Bureau of Investigation, Taft Avenue, Manila. Again: get it, read it, don’t delete it, report it! And sure, we all get the same stuff by emails too. Some might not be SPAM - but most of them are! Report it too!
H ave M y Say
By Klaus Doring
Sorry, if my advice makes you smile. Bear with me, because I mentioned it! +++ Emai l: doring k laus@ gmail.com or follow me in Facebook or Twitter or visit www.germanexpatinthephilippines.blogspot.com
Ona Should Resign, Or Be Fired!
L
IFE’S INSPIRATIONS: “… When you make a vow to God, do not delay to fulfill it. He has no pleasure in fools; fulfill your vow…” (Ecclesiastes 5:4, the Holy Bible). -ooo SOMETHING WRONG IN THE CASE OF OFW WITH MERS VIRUS? Why am I feeling that there is something wrong in the handling by the Department of Health (DOH) of the case of the overseas Filipino worker (OFW) who was diagnosed by United Arab Emirates (UAE) medical authorities as suffering from the deadly MERS Corona virus but was declared in good health by the DOH upon his return to the Philippines? Well, something must be wrong somewhere because, why did Malacanang suddenly step into the picture, and is now the one making the
announcements pertaining to the case of the OFW and the medical examination conducted on some of his 100 co-passengers at the Etihad Airways flight EY 0424---a job which the DOH, through Secretary Enrique Ona, should be doing? It i s p o s s i b l e t h a t Malacanang found Ona wanting in sufficiently acting on the MERS Corona virus case involving the OFW and his co-pass engers, especially when, despite advance information that the OFW tested positive for the virus, Ona and the DOH did not even order the immediate medical examination of the OFW and all his co-passengers right after they landed at the Ninoy Aquino International Airport (NAIA). -ooo ONA CAUGHT WITH HIS PANTS DOWN: I am sure
the Office of the President saw that Ona’s failure to subject all the passengers of flight EY 0424 to the required medical examination to determine if they carried the deadly virus was not a mere lapse in operational procedures. I believe that President Aquino and Malacanang saw this as either gross incompetence or criminal neglect on the part of Ona and his subordinates at the DOH. For, clearly, the disease is a deadly disease, and is now causing great fear among Middle East health authorities. So, there was really a need for Ona to have acted with grave urgency in making sure that the virus will not enter the Philippines, particularly from the many OFWs who are based in the disease-stricken areas in the Middle East, and from the many foreigners as well who regularly come to our country.
K ak ampi
Mo A ng Batas
By Atty. Batas Mauricio
But then, what did Ona do, at least in the case of the OFW from UAE? Well, he was literally caught with his pants down. He failed to coordinate with NAIA authorities to make sure the OFW and his co-passengers were first subjected to medical tests upon their arrival, even as he failed to make sure that they were all free from the virus before they were subsequently batas/PAGE 9
Touched By John Paul The Great even after you die.” This short, simple poem tells us the secret to spending our life for that one thing that will secure and always take care of us. It says: “Only one life, will soon be past. Only what’s done for Christ will last.” You see, Jesus Christ is the only One Who lasts, since He is the Creator of life itself. So if you have Him, you never run out of life. That’s what He came to show us by giving His own perfect life for our s i ns an d t h e n br i ng i ng Himself back to life. So what will you do with the time you have left? Why not start spending your life wisely : by living your Maker’s way for the only things that will keep taking care of you for the rest of your life, and even after you die. Just Think a Minute…
Y
ear 2014 is fast becoming a very special year for me. There actually are many reasons for this, and all of them leave me profoundly thankful and nervous. But among the reasons is the most gratifying fact that two men, very close to my heart, will be raised to the altars in this Year of the Laity. One is Bishop Alvaro del Portillo, successor of Opus Dei founder, St. Josemaria Escriva, who will be beatified in Madrid on September 27. He ordained me to the diaconate in Rome on January 28, 1991. It was his first time to ordain candidates to the priesthood, since he was just consecrated bishop a few weeks earlier that year. The other is Blessed Pope John Paul II who will be canonized saint on April 27. By an extreme stroke of luck and, I believe, a pure bolt of grace, I was chosen as one of those to be ordained priest by him in Rome that year on
May 26, Trinity Sunday. The moment I was told I would be ordained by Pope John Paul II, I literally froze in disbelief. Spontaneous and strong flow of prayers came a little later. I stammered in thanking God for the great gift, then I started to trace what brought me to that life-changing event. I don’t think I was a particularly religious person when I was a kid. All I had in mind was to play and be naughty, just like anybody else among my friends. But my mother saw to it that I prayed the Rosary with her and some of my siblings who happened to be caught by her at the moment. She was the one who instilled in me, among many other things, love and veneration for the Pope. My Lola and the teachers in grade school, mostly nuns, did the same. And I just developed that love to the point that whenever I saw a picture of
Pope John XXIII, the Pope at that time, I felt good and holy and somehow urged to behave. The nuns in s cho ol encouraged me to enter the seminary, but when I brought the idea to my father, he said, no way. And so I forgot about priesthood and pursued what everybody else among my friends was pursuing. At that time, all I wanted was to become rich and all that thing. But I met Opus Dei while studying in college in Manila. And my life changed, made a sharp turn. Well, that’s now history. My love and fascination for the Pope grew even more. When Pope Paul VI visited Manila, I happened to stay just a few houses from where the Nunciature, where he stayed, was. I remember standing the whole day right in front of the Nunciature together with the crowd just to have a glimpse
HINTS
and
Traces
By Fr. Roy Cimagala
of him. And when I had those glimpses, it was as if I was floating on air with joy. Prayer when infused with joy became effortless. T h e n e nt e r e d Po p e John Paul II in 1978. At that time, I was already a professional man, working in some office, but also into deep philosophical and theological studies. It was he who challenged me in some sort to take more seriously my Christian formation. cimagala/PAGE 9
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Feature
BusinessWeek MINDANAO
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wed-thu|April 23-24, 2014
MALASAG as a Holy Week Destination
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Story and Photos by Roque L. Salvo Jr.
AGAYAN DE ORO CITY -- Malasag is a famous destination for all Kagay-anons because during Holy Week, Malasag is one of the top picks of all Kagay-anons to participate in the station of the cross, it is a religious activity and if you’re in for a treat like it, this destination is a good one.
Just make sure you’re physically ready because you’ll be up for a long distance walk. Malasag is just minutes away from the city with an overlooking view of
the city of Cagayan de Oro and a perfect view of Macajalar Bay. There are thousands of people visits malasag especially at night because people don’t want to feel the hot weather in the
morning. Malasag is pleasantly cool where one can temporarily escape and detoxify from all the pollutants and noise in downtown Cagayan de Oro and also the moment when
The devotees lighting their candles and pray on the cross.
The Kagay-anons flocked at Malasag Entrance to repent for their sins.
you walk up there you can truly feel the religious and divine ambiance of the place. Along the highway of Cugman, you can see numerous of people falling in line at the entrance of Malasag just to join on the station of the cross, to pray and to repent for their sins. The entire highway was surrounded by people. It’s like there’s an audition of a certain reality show. Many military and police trainees are on duty along the
kilometer long road and all are friendly and observe the flow of people stay on the right sides for going up and coming down. Devotees did not worry if they went hungry throughout the station of the cross because food vendors were also present at Malasag during holy week. There were also accessories and other stuff available at malasag. There are 14 stations of Malasag. Each station stands for an event which
occurred during Jesus’ Passion and Death at Calvary. There are no specific prayers that are to be said. You can pray with your personal intentions. The important thing is that you are sincere with your prayers. After completing the fourteen stations, you can finally see the Glorious Church of Malasag. The church of Malasag is surrounded by lots of green trees. It really looks like a paradise of heaven. Very magnificent!
ROTARY CLUB OF CAGAYAN DE ORO RI DISTRICT 3870 Meeting at Seda Hotel, Executive Club Lounge, 11th floor every Thursday
BusinessWeek MINDANAO
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wed-thu|April 23-24, 2014
PDIC advises borrowers of Gulf Bank (Rural Bank of Lingayen) to pay their obligations The Philippine Deposit Insurance Corporation (PDIC), the Receiver of the closed Gulf Bank (Rural
Bank of Lingayen, Inc.), reminded borrowers of the bank to continue to pay their loans and transact
only with authorized PDIC representatives. In a statement, PDIC advised borrowers of
the Gulf Bank to pay their loans and other obligations directly at any Philippine National
ITALPINAS SIGNS UP WITH RCBC TELEPAY AS REMITTANCE PARTNER. Italpinas Euroasian Design and Eco-Development Corporation (ITPI), an Italian-Filipino company that designs and develops sustainable properties nationwide signs a deal with top remittance bank Rizal Commercial Banking Corporation (RCBC) for its remittance service Telepay. This partnership aims to provide ITPI property buyers based abroad an easy alternative to course their payments for their chosen units. ITPI is the company behind Primavera Residences, an award-winning project in Cagayan de Oro. Representing ITPI are its president Atty. Jose D. Leviste III, and CEO Arch. Romolo V. Nati (second and third from left) sealing the deal with Gary B. Villanueva, EVP and group head of Global Transaction Services, RCBC (fourth from left). Also in photo are (from left): ITPI’s Harold J. Dacumos, VP and head of banking and business development; RCBC’s Wilfredo F. Songco, division head for Overseas Filipino Banking Group; and Winston Genova, account manager.
Bank (PNB) Branch under account name, PDIC FAO BURL GULF BANK. The Receiver cautioned borrowers that it has discontinued the engagement of the bank’s collectors. PDIC has not engaged any person to collect the loans of the bank. To ensure proper recording of payments made by borrowers, it further advised borrowers to keep copies of the PNB Deposit/Payment Sl ip s . T he R e c e ive r emphasized that only payments with validated PNB Deposit/Payment Slips shall be considered valid payments. Official receipts will be issued by PDIC upon validation of payments. For proper accounting of their p ay ments, b or rowers who do not receive their official receipts are advised to send a copy of their deposit slips by mail to the Deputy Receiver for loans Mary Ann C. Crisostomo at the PDIC Office, 5th Floor, SSS Bldg., Ayala Avenue
corner V.A. Rufino St., Makati City or send via e-mail to Ms. Crisostomo at mccrisostomo@pdic. gov.ph or to Ms. Bettina Acosta at bnacosta@pdic. gov.ph. The Monetary Board (MB) placed the Gulf Bank under the receivership of the PDIC by virtue of MB Resolution No. 543 dated April 3, 2014. As Receiver, PDIC took over the bank on April 4, 2014. Upon takeover, all bank records were gathered, verified and validated. Gulf Bank is a five-unit rural bank with Head Office located at No. 3 Avenida Rizal East St., Lingayen, Pangasinan. Its branches are located in Alaminos, Dagupan City and Mangatarem in Pangasinan; and in Baguio City. Borrowers of the bank may also communicate with the PDIC – Loans Management Department I at (02) 841-4982 or 8414764. Queries may also be sent through email at pad@pdic.gov.ph.
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wed-thu|April 23-24, 2014
Vista... from page 4
years, wherein the firm recorded a 22 percent average net income growth. During the same 5-year period, Vista Land’s EBITDA margins averaged 36 percent while its gross margins averaged 51 percent. CRISP also believes that Vista Land’s leadership in the low-cost and affordable housing market segments will continue as a result of its strategic landbanking decisions and the growing demand in these sectors.
Shares... from page 4
adding that the property developer is also in a position to take on more debt because of its low debt-to-equity ratio. “We’re considering our funding options whether it will be a follow-on offering, share placement to a strategic investor or straight loan,” dela Cruz said. Last year, SLI shareholders approved the company’s plan to raise P6 billion from a direct loan or bond sale as well as the sale of up to three billion shares through a follow-on offering. However, the property firm deferred the fundraising exercise amid the volatility in the global financial markets. Adverse market conditions also prompted SLI to postpone a $150-million follow-on share sale in 2011. SLI is raising its capital expenditure budget to P2 billion this year from P1.35 billion in 2013 as it launches 20 projects. S L I ’s c o re e a r n i n g s amounted to P300 million last year, down 3.6 percent from the P311 million in 2012, on the back of lower commercial lot sales and deferred revenue recognition on sales on some of its projects as a result of longer down payment schemes.
NEDA... from page 5
in the Updated Philippine Development Plan 2011-2016. “The Philippine government has embarked on a series of reforms in the fiscal sector and in governance to mobilize domestic resources. These will help meet the country’s spending priorities in social development, infrastructure, and especially developing resilience against natural shocks,” Balisacan, who is also NEDA director-general, said. Balisacan said recent reforms of the Philippine government include policies and programs that aim to widen the tax base, prosecute and jail tax evaders, raise taxes on “sin” products, and eliminate corruption. “ These resulted in a wider fiscal space that provided enough flexibility to sustain the momentum of increased spending and improved budget allocation. In turn, these allowed the
expansion and improvement of investments in health, education, social protection, and infrastructure, which are known to be binding c onst r ai nt s to p ove r t y reduction and inclusive development,” Balisacan said. Un d e r t h e u p d at e d medium-term plan, the government is aiming for full-year growth of 6.5-7.5 percent this year and 7-8 percent next year. The government also aims to bring down the country’s poverty incidence to 18-20 percent of the population by 2016 from 25.2 percent in 2012. Underemployment should be reduced to 17 percent two years from now from 19.8 percent last year, while unemployment should drop to 6.5-6.7 percent from 7.3 percent last year.
ADB... from page 5
staff skills, and enhance its presence in developing member countries. Meanwhile, about 3,000 participants including finance ministers, central bank governors, business leaders, investors, journalists, and civil society representatives from across the world are set to gather in Astana, Kazakhstan 2-5 May for the Asian Development Bank’s (ADB) 47th annual meeting of its board of governors. The theme of the 2014 Annual Meeting is “The Silk Road – Connecting Asia with the Changing World.” Discussions on the link between improved regional connectivity and higher growth in Central Asia and beyond will feature prominently at the gathering.
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Batas... from page 6
allowed to travel all over the Philippines. -ooo ONA SHOULD RESIGN, OR BE FIRED: Now, Secretary Herminio Coloma Jr. of the Presidential Communications Operations Office is forced to do what Ona should be doing in the first place, locating the other passengers of EY 0424, and enticing them to have themselves examined. This is all so wrong, because, the most appropriate time that they should have been examined was upon their landing. And on the assumption that these passengers will agree to be examined now, it is also a great possibility that they may have already spread the disease if, indeed, they carried its virus when they came to the Philippines, considering that they have already traveled freely to many places here. Clearly, Ona was remiss in his duties. He should therefore resign as Secretary of Health, immediately. It is clear that he has lost the President’s trust on him. If he dilly-dallies with his resignation, the President must fire him, and find another Health Secretary who will be more on his toes in the discharge of his duties and responsibilities. -ooo REMINDERS: Please tune in: “Tambalang Batas at Somintac sa DZEC”, at 1062 kHz on the AM band, Mondays to Fridays, at 6 a.m.; “Kakampi Mo Ang Batas sa Radyo Trabungko FM”, at 103.7 mHz in Don Carlos, Bukidnon, Mondays
to Fridays, at 7 a.m.; and “Kakampi Mo Ang Batas sa DYKA” at 801 kHz on the AM band (Panay Island), Mondays to Fridays, at 10 a.m.
Cimagala... from page 6
I found him irresistibly stimulating and engaging. I was sure his presence, his words, even his mannerisms were all so soaked with a certain charism that I just found myself insatiably devouring his writings and any piece of news about him. I knew I was learning a lot and growing interiorly. When he visited Manila in 1981, I volunteered to be part of a press team. That enabled me to see him at close range. It was in Baclaran church, his first stop after arriving at the Manila airport, when I had the first chance almost to touch him if not for the security who stopped me at the last split second. Then I was asked to go to Rome for ecclesiastical studies. I actually did not seek the priesthood. I simply was called to it, and I just said, yes, after a little reflection. I still vividly remember every moment of that day of my ordination. What struck me most was that he started it very tired. He just came in from a trip and he already had serious health conditions. But as the event went on, I noticed he became very alive. At the end, he talked to me as if he knew me all along. I have no doubt he is truly a saint!
NEW SCHOOL FACILITY
Now in Cugman Elementary School By JESSICA JOY D. HINACAY
Cugman Elementar y School (CES) is in its truest determination ever since in providing quality education to the children. Through the leadership of its school heads with the help of teachers, cooperation of parents and strong ties of other stakeholders, CES is able to put-up the school Instructional Media Center (IMC) which houses the ICT and audiovisual facilities as well as other instructional materials. It is aimed to strengthen
the quality of instruction. The IMC can accommodate 100 participants of seminars, s y mp o s i a , w o r k s h o p s , conferences, and contests. It can also serve as a multipurpose hall for scouting and pupil activity area. The CES-IMC will formally start its operation on May 2014 during the In-service Training for teachers. With this new facility, Cugman Elementary School will surely reach greater heights in serving the community.
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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B illboard 10 Globe Business focused on creating wonderful experiences for enterprises YOUR LOCAL ONLINE BUSINESS PAPER
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wed-thu|April 23-24, 2014
A
s the enterprise information and communications technology arm of Globe Telecom, Globe Business has been harnessing its full potential to help make businesses perform at a higher level with its comprehensive portfolio of mobility, connectivity, business voice, collaboration, business-enabling and IT-enabled services, Globe Business empowers large corporations, enterprises and companies spanning the spectrum of various industries in the country such as business process outsourcing, manufacturing, financial institutions, services, transport and logistics, healthcare and retail, among many others. “We enable our clients to achieve more of their corporate goals by making them better equipped and efficient through our diverse range
of ICT solutions,” shared Globe Senior Vice President for Enterprise Group Nikko Acosta. Wonderful experiences, strong network As an ICT solutions provider, it is the mandate of Globe Business to help make enterprises’ business run better through solutions that enable their workforce to carry out their everyday tasks, keep in touch with their own clients, and carry out their work wherever and whenever they are most productive. Its best-in-class Next Generation Network enables enterprises to connect and make decisions, especially in critical instances. A vast array of solutions also allows virtual collaboration, especially as work setups become more unconventional and borderless. More importantly, Globe Business assures that the technology they provide their clientele is secure
enough to protect their organization’s most important pieces of information. All these services are powered by a world-class network that provides the highest standards of connectivity. ICT industry innovator Innovation is now regarded as a vital ingredient in the success of an organization, and in the local ICT industry, Globe Business is renowned as a leading purveyor of such, consistently introducing best-in-class solutions available to the market. Recent ground-breaking endeavors include the formal link up with the Southeast Asia-Japan Cable System in the last quarter of 2013, ushering a new era in telecommunications in this part of the world. Aside from that, its Carrier Ethernet service is first in Asia to be Metro Ethernet Forum or MEF-certified, setting global standards
Globe Business SVP for Enterprise Group Nikko Acosta
on Ethernet services in terms of reliability, speed and service level agreements. Globe Business has also been recognized as an ICT powerhouse. It has a Frost and Sullivan citation as the Philippines’ Emerging Infrastructure-as-a-Service Ven-
dor of the Year for its cloud service offerings, along with certifications for its worldclass data centers adherent to global standards. “All of these are by-products of recognizing what wonderful technological experience our customers require now
and in the future,” remarks Acosta. Let Globe Business empower your organization with industry-renowned ICT products and solutions. Visit www.business.globe.com.ph or contact your Globe Business Account Manager.
Green Cross MommyPROs:
Motherhood is a job for professionals Green Cross, a family brand for more than 65 years recognizes the challenging role of motherhood. As much as it is a fulfilling journey for a woman, “motherhood is a job for professionals” – and one that does not have vacation leaves nor has a contract that expires. The never-ending responsibility of moms to care for their families is mostly powered by divine instinct and love. “Green Cross has helped mothers care for their families for decades,” says Joyce Cuapiaco Samartino, Brand Manager. “We listen to their needs – and become inspired to create products specifically to address them. Aside from
creating quality products suited for the whole family, Green Cross also saw the need to have a reference material that mothers may use as they manage their day-to-day business. Hence, Green Cross MommyPROs is born. At the heart of Green Cross’ Facebook Page is MommyPROs <FB Page link>. It is an online magazine where moms can view tips and tricks on how to be successful in their “career.” Green Cross’ Mommy PROs is a haven where mothers may convene, learn from each other or simply laugh together while sharing their experiences to one another. Green Cross’ Mommy-
Actress CA MI LLE PR AT S has her mommy duties thanks an easier time with to Mommy PROSs
PROs talks about the most relevant topics such as preparing the perfect dinner to what mobile apps can make a mom’s life a little easier; to the more delicate ones such as managing sibling rivalry and keeping the romance between husband and wife are tackled as well.
”That is the advantage of making the magazine online,” says Joyce. “Not only can mommies share their thoughts and feelings in an instant, they also get to have feedback from fellow mommies just as fast.” Celebrity moms Camille Prats, Mikaela Lagdameo
oney broker odel, and m simplistic m n io sh fa , Entrepreneur A M EO appreciates the GD contents. M IK A EL A LA ommy PROs M of ch oa pr yet smart ap
and Kat de Castro have given Green Cross MommyPROs a thumb’s-up after gaining helpful tips from the site. They are, after all, just like any other regular mommy once they are no longer in front of the camera. Camille Prats, for in-
Broadcast journalist KAT DE CAST RO has been regularly visiting Mommy PROs and according to her, “It’s already part of my browsing habit!”
stance, was inspired to throw a party and bond with her fellow moms, thanks to that fun and practical tip from Green Cross MommyPROs. After reading the article about “Parenting Hacks” in the online magazine, Mikaela Lagdameo was thankful to discover sound ways in preventing sibling rivalry from developing in the family. Kat de Castro, on the other hand, found purpose for Green Cross’ Green Cross MommyPROs by sharing her daughter’s brush with dengue and encourages moms to be vigilant against this deadly disease. Aside from sharing her own experience in the online magazine, Kat also refers to Green Cross’ Mommy PROs for regular updates on dengue alerts by browsing through the site’s dengue widget. In the site, Kat disclosed to her fellow moms that she always makes sure that her daughter is protected against dengue-carrying mosquitoes by using Green Cross Insect Repellent Gentle Protect. “There’s no such thing as too many when it comes to sources of helpful information or advice for moms out there,” says Joyce. “Green Cross MommyPROs is here to help mothers be at their best as they go through motherhood --- a profession with unequalled joy and love as the compensation.
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Draft... from page 1
did not attend the signing. Jaafar said the BTC, chaired by MILF chief negotiator Mohaqher Iqbal, will submit the final draft to Malacanang for review and assessment before it will be forwarded to congress. He said no copy has been made public so far until it reaches congress. O n S u n d a y, c h i e f gove r n me nt ne got i ator professor Miriam Coronel F e r r e r, d e n i e d n e w s circulating in the social media that the Office of the Presidential Adviser on the Peace Process has directed three of BTC commissioners not to sign the draft. Ferrer said the report was false and reiterated that the OPAPP did not order any BTC member not to affix his signature on the draft law.
Safe... from page 1
is only toxic to fish. However, if the algae already produces high toxins, it is only then that people might be affected when in contact with these toxins, Dimeren added. She said that the cooking any variety of milkfish is now safe specially that the HAB was already gone in Macajalar Bay. She reported that the worst affected area in Region 10 was Murceillagos Bay in Misamis Occidental where the fish kill totaled 10,000 tons since the Red Tide occurred last March 26. In Balingasag town, BFAR 10 has accounted a total of 45,594 pieces fully grown milkfish with a total value of P550,360.00 affecting a total of 20 cages. The red tide also caused the fish kill of 8,000 pieces of Kitong fish, BFAR said. Dimeren said that the BFAR has built a processing plant for the cultured fish in Balingasag worth P10 million. BFAR has scheduled the plant to be operational in May, next month, she added. (PNA)
Aboitiz... from page 1
supply contracts with the AboitizPower subsidiary and all have called on Therma Marine to fill in the supply gap created by a combination of power plant repairs and precarious water levels in Lake Lanao because of the summer heat. “We are ensuring our customers we have enough fuel supply to meet the power supply requirements of our customers especially this summer,” Therma Marine president and COO Jovy P. Batiquin said. “We want to be able to respond to our customers when they are in need of additional power supply.” In Northern Mindanao, TMI supplies power to Mis amis O ccident a l Electric Cooperative, Inc. (MOELCI)-1 for 2 MW
and Bukidnon II Electric Cooperative (Buseco) for 5 MW. Although the extended running hours will pull closer the scheduled maintenance schedule of the barges, Batiquin assured power consumers that the preventive maintenance works will not be scheduled until the Steag State Power plant comes online as announced in May. T h e r m a M a r i n e ’s maintenance schedule is based on its operating hours and is a critical activity to prevent the power plant from more damaging unscheduled interruptions. Therma Marine operates two floating power barges -- in Maco, Compostela Valley and in Nasipit, Agusan del Norte. The two barges combine for 200 MW. Traditionally utilized as a peaking power plant, Therma Marine has been operating lately as more of a baseload plant with Mindanao experiencing an acute shortage in power. Some 90 percent of Therma Marine’s power rates to its customers are for fuel costs, which is a pass through rate. The remaining 10 percent covers the capital recovery, maintenance, salaries, spare parts costs, among others.
Bills...
from page 1 denominations of P20, P50, P100, P200, P500 and P1000, was first circulated in 2010. According to Demafeliz, they will target to demonetize the old currenc y notes next year, but they are still waiting for the circular on the demonetization. He said the old currency notes will be removed from circulation and will no longer be used for payments or exchange once demonetized. Demafeliz also noted that the new generation currency has an enhanced security features that makes it difficult for counterfeiters to copy. These include embossed prints, alphanumeric and an asymmetric serial number, security fibers, watermark, see-through mark, concealed value and security thread, he added. He said that the P500 and P1000 also have an optically variable device (OVD) and optically variable ink (OVI) as added security features. Demafeliz said that the OVD allows the image of blue-nape parrot in P500 and south sea pearl in P1000 to change its colors when the note rotates at 90 degrees. The OVI, an embossed “1000” denominational value at the lower right corner of the face of the note, changes color from green to blue when viewed at different angles, he said. Demafeliz also urges the media to help in informing the public on the security features of the new peso notes. He said an informed public can help in safeguarding the integrity of the currency. (PNA)
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Weeds... from page 2
sustain themselves from this industr y, this is an economic disaster. Also, when water hyacinth thrives, it will compete with other aquatic p l a nt s . T h i s c au s e s a n imbalance in the microe c o s y s t e m re s u lt i ng i n reduced flora and the fauna that depend on it. Localized water quality als o deteriorates which may be harmful to people who rely on the waterway for drinking water. Making water hyacinth beneficial Recent ly, the Department of S ocial Welfare and Development i n Nor t he r n Mi nd ana o through the Sustainable Livelihood Program and Pantawid Pamilyang Pilipino Program in c o o r d i n at i o n w i t h t h e City Social Welfare and Development of Cagayan de Oro, D ep ar t ment of Tourism, Villar Foundation, Cagayan de Oro Hotel and R est aurant Ass o ci at ion ( C OHA R A ) , and t he barangay council of Pagalungan made an ocular inspection at the lake to identify a processing site for dried petioles of water hyacint h w hich wi l l b e wave d into mats, b ags, slippers and other products. Nathaniel Palalay II of Villar Foundation made a promise to Datu Rosalino Aguio Manlinombay that they will provide trainings for production and marketing of the finished products of water hyacinth. T he fou nd at i on w i l l also provide machines for the processing of dried stalks of water hyacinth for production of baskets, bags, mats, among others to the tribal community. The Villar Foundation is committed to the preservation and conser vation of the environment and ensuring the sustainability of its environmental programs through the establishment of social enterprises that will lead the path towards economic independence for every Filipino. D a t u A g u i o Manlinombay said he is happy with the proposed project because women, mostly Pantawid Pamilya beneficiaries, will no longer be idle and be engaged illegally in panning for gold in his village. For her part, Project Officer Charlita Ladera of the Department of Tourism (DOT) of Northern Mindanao said that they will help in the promotion of the finish product of the Higaonon Tribe. No l l i e A r g u e l l e s o f COHARA promised to the community that restaurants and hotels in this city will patronize the product of the community and promote these to their clients. T h e c om mu n it y h a s 1 1 9 Pa nt aw i d Pa m i l y a
households under Set 5, 6, and 7 respectively. It has an additional 19 households for validation this coming April 24 under Set 7 Batch C. Vi l l a g e c h i e f R e n e Oporto, during the ocular inspection, expressed his g r at e f u l n e s s t o D S W D Northern Mindanao for implementing Pantawid Pamilya and SLP programs in his barangay. A literature from the International Development Research Center (IDRC) said water hyacinths have been used as raw material for agricultural fertilizers, animal feeds, biogas, p ap er, b o ard, and e ven construction materials. The plant can also b e u s e d i n c ont rol l i ng water pollution because it is capable of quick ly absorbing heavy metals in water.
Tuna... from page 4
the company’s brands include Century Tuna, 555 Sardines, Argentina Corned Beef, Swift, Angel and Birch Tree. Proceeds of the share sale will be used to repay debt, fund working capital and potential acquisitions, expand production capacity and improve efficiency. Century Pacific is being advised by Evercore Asia Limited. Aside from BDO, First Metro Investment Corp and BPI Capital Corp were tapped to underwrite the offering. Century Pacific is the third company to go public this year after Top Frontier Holdings Inc, which joined the bourse through listing by way of introduction, and DoubleDragon Properties Corp, which entered the PSE through the IPO route.
NOTICE Notice is hereby given that the estate of the late Leo Baylin La Victoria covered by TCT No. 1372013004358 has been extra-judicially settled on April 14, 2014 per Doc. No. 121; Page No. 25; Book No. LX, Series of 2014 of Atty. Dale Bryan D. Mordeno, Notary Public for Cagayan de Oro City. BWM Apr. 16, 23 & 30, 2014
EXTRA-JUDICIAL SETTLEMENT OF ESTATE RODRIGA J. VERGEIRE Notice is hereby given that the intestate estate of the Late RODRIGA J. VERGEIRE, who died on December 9, 2005 at Poblacion, Baroy, Lanao del Norte, left a parcel of land , (Lot No. 9, (LRC) Pcs-6089 of the consolidation-subdivision plan ( LRC ) Pcs-6090 a portion of the consolidation of Lots D & E, described on plan (LRC) Psd-38116 Psc. No. H.Pct) situated in the Barrio of Barroy, (now Poblacion,Barroy) Mplty of Kolambugan. Bounded on the NE, points 3 to 4, by Lot 10; on the SW., points 4 to 1, by the Lot; by SN., points 1 to 2, by Lot 8; and on the NW., points 2 to _ by Lot 13; all in the consolidation subdivision plan. Containing an area of ONE THOUSAND FIFTEEN (1,015) SQUARE METERS. Covered by Transfer Certificate of Title No. T-6,169., is the subject of EXTRA-JUDICIAL SETTLEMENT OF ESTATE RODRIGA J. VERGEIRE as per Doc. No. 500, Page No. 100, Book No.10, Series of 2010, under Notary Public of Atty. DOROTHEA SALIGAN-BASALO. BWM Apr. 9, 16 & 23, 2014
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