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BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VI, No. 020


Market Indicators

As of 6:10 pm August 11, 2015 (tuesday)



US$1 = P45.93



16 cents

36.10 points


Briefly Tax amnesty MISAMIS Oriental – Governor Yevgeny Vincente Emano of Misamis Oriental on Monday asked the provincial board to pass an Ordinance granting tax amnesty to delinquent real property taxes in the province. Emano made the request during his 2nd “Taho sa Katawhan” (Report to the People), a derivative of the State of the Province Address (SOPA), at the provincial capitol grounds here. He said that the province has recorded a total of about P107 million delinquent taxes in penalties and surcharges.

Invasion Davao DAVAO City -- As if providing a great party experience is not enough, Spectrum Philippines is also giving away a free roundtrip ticket for two to any destination in the Philippines via the official airline of Invasion Davao 2015, Philippine Airlines. Anyone who purchased a ticket for the Invasion Davao party on August 21 will automatically be included in the raffle draw with the lucky winner to be drawn on the night of the party. The much anticipated Kadayawan Invasion Davao will take place at the Crocodile Park Open Field, Davao City.

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Solons seek penalty for unscheduled brownouts Steag’s 210-MW capacity back online


By BONG D. FABE, Contributing Editor

HE Rodriguez brothers have filed in the House of Representatives a resolution seeking to penalize power plants for unscheduled brownouts as these harm the economy and businesses.

This, as the second power unit of the STEAG State Power, Inc. (SPI) is expected to go online ahead of its selfimposed deadline of August 16 after almost of month

of preventive maintenance shutdown. Reps. Rufus Rodriguez (CDP, 2nd district, CDO) and his brother, Maximo penalty/PAGE 15

COA, DILG asked to compel Oca to produce financial documents By CRIS DIAZ, Contributing Editor

THE City Council on Monday sought the intercession of two government bodies to compel the incumbent City Mayor here to provide important financial documents of the city government. The local august body passed a Resolution asking

the Department of Interior and Local Government (DILG) and the Commissions on Audit (COA) on possible actions against City Mayor Oscar Moreno for an alleged refusal to provide the City Council financial documents documents/PAGE 15

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IRANUN FOODS. Traditional food is aplenty and can be had for free at the Iranun Village inside the ARMM Compound in Cotabato City on Saturday. mindanews photo by ferdinandh cabrera

ARMM hosts festival of traditional Moro food P50-M in farm By FERDINANDH B. CABRERA, MindaNews inputs given C O T A B A T O C i t y – Muslim Mindanao were to Pablo victims Tr a d i t i o n a l f o o d a n d delicacies that distinguish the tribal groups in the Autonomous Region in

featured in a festival here over the weekend. Dubbed “Food Festival,” festival/PAGE 15


DAVAO Cit y -- D avao O r i e nt a l prov i n c e h a s received about P50 million worth of farm inputs from the Department of Agriculture (DA) as part of the continuing assistance to farmers who were affected by typhoon Pablo in December 2012. The inputs -- including seeds, fertilizer, cruiser i ns e c t i c i d e, and ve r m i compost -- were distributed to farmers growing corn, pablo/PAGE 15

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P220-M road concreting in Lanao unveiled


A R AW I C i t y -- Regional G o v e r n o r Mujiv Hataman of the Autonomous Region of Muslim Mindanao (ARMM) and Provincial Governor Mamintal “Bombit”Alonto Adiong, Jr. led on August 7, the groundbreaking ceremony of the P220 road concreting project in Kapai town. Before proceeding to the groundbreaking site, the two governors were joined by Department of Public Works and Highways ARMM

Secretary Don Mustapha Loong in a Memorandum of Agreement (MoA) signing that paves the way for the start of the Phase II of the 63-kilometer KapaiTagoloan-Talakag Provincial Road Concreting. Under the MoA, the three officials also committed the completion of the project by the end of 2016. The Kapai-TagoloanTalakag Road will connect the municipalities of Kapai and Tagoloan, Lanao del Sur to the municipality of Talakag, Bukidnon and

Cagayan de Oro City. As of press time, almost 21 kilometres of the road has already been concreted. Adiong said the road project is seen to enhance trade between the provinces of L a n a o d e l Su r a n d Bukidnon. “S o o n , t h e ro a d t o Talakag, Bukidnon will be fully paved. It will help boost Lanao del Sur’s economic growth and provides livelihood to our farmers and constituents,” Adiong said. Me a n w h i l e , D P W H

Regional Office No. 10 said small portions of the KapaiTalakag road which was damaged by natural causes through the years will also be rehabilitated because the government will turn it into a national road. “G overnment is upgrading roads to national roads when they connect regions, and the KapaiTalakag road will connect ARMM to Northern Mindanao,” Engr. Mikunug R. Macabantog said. The Kapai-TagoloanTalakag Road Project is being

implemented by the ARMMDPWH Lanao del Sur First District Engineering Office

headed by Engr. Luz Sani. (PIO-Lanao del Sur / APB/ PIA-10)

Private sector partners commit mentoring time SURIGAO City -- The chair of the Surigao del Norte Provincial Micro Small and Medium Enterprise Development C ouncil (MSMEDC) said she and the other members are volunteering to be mentors and consellors at the Negosyo Center (NC) here. The commitment was the highlight of MSMEDC chair and Surigao City Chamber of Commerce and Industry P r e s i d e nt C o n c e p c i o n Paqueo’s message on the occasion of the blessing and launching last July 23 of the second Negosyo Center in the province of Surigao del Norte. Paqueo also asked other private sector partners to help and lend their support. The center is located beside the Department of Trade and Industry Surigao del Norte Provincial (DTISdN) Office at the Simtoco Business Center. DTI-S dN prov inci a l director Celestino Negapatan clarified that the NC is not DTI. “We are just the secretariat of the MSMED Council which is steering the operations of the Negsoyo Center.” The approach according to Negapatan is to support aggressively the start-ups

because they can provide more job opportunities. Existing enterprises, he added will be assisted to address the need for sustainability. The local government unit representatives extended their congratulations and well wishes to all stakeholders. Surigao City Vice Mayor Danilo C. Menor who represented City Mayor Ernesto T. Matugas said the city government is supporting fully the Negosyo Center. In fact, the 2016 proposed Negosyo Center bottom-up budgeting (BuB) proposed funding may be used to actualized this support. Edwin Ausa, Assistant Department Head of the Provincial Economic Enterprise Development & Man a g e m e nt O f f i c e (PEEDMO) who represented Provincial Governor Sol F. Matugas echoed the city’s b a ck i ng of t he c e nte r. PEEDMO is also running the Negosyo Center-Surigao del Norte located at the provincial capitol complex. It was inaugurated on May 15 with the presence of the Go Negosyo Act or Republic Act 10644 author Senator Paolo Benigno “Bam” Aquino IV. Ausa said that he is sure the new center is also going to “serve (the public) beyond the usual.” DTI-Caraga regional director Brielgo Pagaran, in his message read by the Regional NC Coordinator Brenda Corvera thanked the local DTI and the MSMED Council for their efforts to give the region its 5th Negosyo Center. The region is committing to establish eight NCs for 2015. With the recent launching, accomplishment is already 63 percent with still five months away from mentoring/PAGE 11

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Cleaning Other People’s House



2013 ppi’S Best in Business and Economic Reporting


hink a minute…A man walked into a crowded store in a small town. It was noisy and full of people. Ever y b o dy was t alking and going about their own business when suddenly a woman yelled out loudly to a man: “Hey two-timer! Did your wife finally forgive you?” That store which was loud and noisy suddenly became amazingly quiet. Why? Because a nice, juicy bit of gossip was just thrown out and nobody wanted to miss it! Someone said that when we gossip about others it’s like forcing our way into someone else’s house to clean it for them. We do it not because we’re being kind and helpful, but so we can make them look bad and show everybody else how dirty that person’s life is. The worse we make them look, the better we think we will look in comparison. But it’s usually the opposite. People usually know how good you are by what you say about others, not by what others say about you. Do you remember the rhyme: “Sticks and stones may break my bones, but words will never hurt me?” It’s not true! Many people


A Minute

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Beginning with the End in Mind


y uncle just passed away yesterday. As I was helping my cousins go through the process of preparing his body for the wake, I realized just how fleeting life is. In death, everything that we are and everything that we have done, is reduced to a form covered in white cloth. Death is really the greatest equalizer. No matter how rich, famous or successful you are, when death knocks on your door, we are all just a bag of bones. It brought to mind the scenario Stephen Covey gave in his book on the Seven Habits of Highly Effective People. If we were to imagine our own death, with our bodies in a casket lying in wake, who would we want to be around? What do we

want them to say about us and the lives we lived? What kind of legacy do we want to leave behind? Too often we get so wrapped up the tyranny of the urgent that we forget the enduringly important things. That’s why it’s important to “begin with the end in mind.” Are we who we want to be, doing what we’ve always wanted to do? We might be moving up the corporate ladder only to find out our ladder is leaning on the wrong wall! What a tragedy it would be if all our success have been empty and not a reflection of who we want to be and what we want to accomplish. It’s important to envision what we truly want to be and do in life. It enables us to define for ourselves the life that we want to live and

truly be captains of our own destiny, instead of allowing life to happen to us and circumstances to shape our lives. Steven Covey’s principle of beginning with the end in mind is based on the belief that things are created twice. We first envision it before we can proactively work towards making it come to fruition. To make this happen, having a personal mission statement is necessary. Your personal mission statement depends on your priorities and what you want to achieve but perhaps one of the most beautiful mission statement is Ronald Reagan’s challenge to: “Live simply love generously care deeply, speak kindly leave the rest to God.” Mutya ng Dabaw 1997 Jambie Austria-Del Rosario



by jambie austriadel rosario has spent the past 15 years in various facets of psychology, holding posts in human resources management, community relations, training and counselling. For questions or comments please feel free to get in touch with her at 0917-700-1996 or email her at jambie.delrosario@

70 Years Ago


he dropping of nuclear bombs on Japanese cities 70 years ago was a crime that transformed the country from a perpetrator into a victim. For the sake of peace, Japan must face up to its past. It’s not only my opinion but also Alexander Freund’s, German journalist and commentator. Hiroshima is a midsize port city located in the far west of Japan’s largest island, hundreds of kilometers away from the capital Tokyo. Nagasaki is also a midsize port city, located even further to the west. Both are beautiful towns, bustling with people, but the places have no real strategic significance. I visited both places (among many others in whole Japan!) during my monthslong family home stay by the International YMCA already in 1976. Nothing changed till today. It’s the present reality of these two cities, and it was no different 70 years ago.

And this probably explains why the towns managed to escape the initial wrath of US bombers during World War II. Unfortunately, this also became the reason why they were targeted later on as an ideal testing ground for the US military’s new wonder weapons 70 years ago. The cities enabled the American military and scientists to precisely assess the destructive power of nuclear weapons. Figures are not always the same: One learned that over 210,000 people passed away - some 90,000 immediately, and the remaining a few days later. It was a perfidious test under real conditions. The city of Nagasaki was particularly unlucky given that it was not the original target. It was only selected because dark clouds covered the skies above the primary target, Kokura. The whole world now

knows the names of these two relatively insignificant Japanese cities. They stand for the “Fall of Man” and the horrors of nuclear destruction. After dropping the atomic bomb over Hiroshima, the co-pilot of the Enola Gay aircraft commented is his log “My God, what have we done?” But he wasn’t the only one to realize what had happened. Yes, my God, what have we done? And, did the world change? Look at this: There is Israel, which would rather remain silent about it, and regimes such as the one in North Korea, which, by contrast, use the nuclear trump card to stay alive. Last but not least, there is Iran, which wants the bomb, but could be prevented from getting one. These are the unholy ghosts that were conjured 70 years ago when the nuclear bombs were dropped on Hiroshima and

H ave M y Say

Klaus Doring

Nagasaki. Victim - perpetrator? To this day, nothing has been changed. Sure, the horrors of war should be a lesson not only for Japan’s victims and perpetrators, but also to all global players. The end never justifies the means. +++ Email: doringklaus@gmail. com or visit www.germanexpatinthephilippines.blogspot. com or

More details vs. PNoy please, VP Binay Jhan Tiafau Hurst have been hurt far more by criticism and gossip than by sticks and stones. Even if it is true that a teenager got into trouble, or that man committed adultery, or that person said something very wrong, they may have learned from their mistake and changed already. But our cruel, unkind gossip about them is wrong and evil, and something we ourselves need to start changing today! The only person’s life you have the right and responsibility to correct is your own. That other person’s life is their own problem. It is not your job or right to talk about it to others. Remember, “What goes around comes around.” So the same bad things we hurst/PAGE 11


IFE’S INSPIRATIONS: “… Then the word of the LORD came to Jeremiah: `I am the LORD, the God of all mankind. Is anything too hard for me?’…” (Jeremiah 32:26-27, the Holy Bible). -ooo WHY IS MALACANANG S I L E N T O N B I N AY “TSONA”? Did you notice the virtual silence of President Aquino and of the Office of the President about the accusations made in the “true State of the Nation Address” of Vice President Jejomar Binay? It seemed to me that Malacanang is trying to deliberately ignore Binay’s latest rants, and is choosing not to say anything in reply, except a terse “he was part of the government for the last five years and he was one of those who gleefully applauded the President in previous addresses to

the nation”.What does this indicate? Many things, of course. The first meaning of that silence maybe that, ignoring the accusations would shoo them away. Second, it could be that Malacanang knew only too well that what Binay had been ranting about are all correct, and that talking about them some more would only be counter-productive. -ooo BINAY HAS THE RIGHT TO DELIVER “TSONA”: Some administration hacks have been saying however that Binay did not have any right to be castigating the President and his government, particularly on the issue of corruption, since he, the Vice President himself, is also facing a host of corruption and plunder charges which he has not bothered to answer. This is a funny and desperate

argument, if you ask me. The fact is that, assuming that Binay is himself guilty of the corruption and plunder accusations being hurled against him by Malacanang and its allies, that does not remove Binay’s right to speak out against Aquino and the graft, corruption, and plunder, among his friends and allies and, if we are to believe a foreign ambassador, even among his relatives.After all, Binay remains a citizen of this country, and, like the rest of us, he is still entitled to live under a government free of graft-prone and plunderous officials, especially those who have been farcically espousing the so-called “righteous path” doctrine. -ooo MORE DETAILS VS. PNOY PLEASE, VP BINAY: Of course, what Binay is doing

K akampi

Mo A ng Batas

Atty. Batas Mauricio is clearly against what Jesus, our God and Savior, said in Matthew 7:1 of the Bible: do not judge, so that you will not be judged yourself, for the measure you use in judging others will be the same measure that they will use against you when they judged you, too.But then, is not the President himself the principal exponent of batas/PAGE 11

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Lanao del Norte team bags Reg’l Rescue Olympics championship T

Lanao del Norte responders rescue a ‘bombing’ victim during the Regional Rescue Olympics, held recently at the Philippine Air Force compound, Lumbia airport in Cagayan de Oro City.

DAR Surigao Norte personnel undergo 2-day risk mngt seminar SURIGAO CITY, Surigao del Norte - The provincial office of the Department of Agrarian Reform in Surigao del Norte (DARSdN) conducted recently a two-day seminar with drill exercise on Risk Reduction Management to its 50 office-

based personnel held on July 29-30, 2015 at the provincial office here. The said activity was aimed to prepare its personnel in times of disasters as it joins the entire country in the observance of Disaster seminar/PAGE15

Public cautioned public on effects of Typhoon Hanna MANILA -- Even though there was no typhoon landfall, the Palace on Sunday still cautioned the public on the possible effects of Typhoon Hanna in other parts of the country. “Patuloy (po nating) pinag-iingat ang ating mga

kababayan sa maaaring epekto ng mga pag-ulan dahil bagamat umalis na po ang international typhoon, ‘yung ‘Soudelor’ o typhoon ‘Hanna,’ ay nararamdaman p a ang ep ekto nito s a maraming b ans a. Kaya hanna/PAGE 11

he seven-man rescue team from Lanao del Norte bagged the over-all championship title in the recent 3-day Regional Rescue Olympics, dubbed as ‘2015 Benchmarking on Basic Life Support and Standard First Aid’ - LGU Categor y, recently held at Pearlmont Hotel and Lumbia Airport, Cagayan de Oro City. The Lanao del Norte team is composed of Winco Tomimbang, Arvin Antonio, Roy Joseph Secuya, Doroteo Andrin, Charlie Gabawa, Arwin Miquiabas and Joel Karl Malinao. “We only followed what we did in our trainings especially when we trained also the different municipal emergency response units in our province. We are just happy to represent Lanao del Norte,” said team leader Winco Tomimbang. The Lanao del Norte Emergency Response Team was also declared as Best in

Bandaging, Best in Lifting, and Best in Team Work. The rescue competition was participated by emergency responders from Iligan City, Cagayan de Oro City, Camiguin, Misamis Oriental, and Bukidnon. Participating teams were divided into two categories – Hospital and LGU. Teams were judged according to proper execution and speed. Representatives from the Philippine Air Force, Office of the Civil Defense - Region X, Philippine Red Cross, and Bureau of Fire Protection were tapped as judges for the competition. The Rescue Olympics was organized by the Research Epidemiology Surveillance and Disaster Response Unit of DOH-Region 10. The Lanao del Norte responders received trophies, medical and rescue equipment including a tent worth P75-thousand pesos for their rescue unit. (VNL & LAR/PIO-LDN)

Encouraging environmental awareness among through ‘Gulayan sa Paaralan’ By Cleofe Baldon Tigbao Elementary School Libona, Bukidnon

Teaching students to show care and drive protection for his natural environment is one way to inculcate to them the utmost importance and serious concern about nature. School is the partner of parents and communities in developing children’s intelligence, skills and talents. It also serves as venue in nurturing their capacities in taking care of the important matters, such as natural environment. Tree planting is one of the activities designed by Department of Education that required participation from, but not limited to, teachers and students. This is also to participate in the National Greening Program, pursuant

to the executive order signed by the president of the Philippines with its goals of poverty reduction, food security, biodiversity conservation, and climate change mitigation and adaptation. For the same purpose, schools also implemented the Gulayan sa Paaralan Program as one of the sub-programs of NGP. DepEd do this in partnership with Department of Agriculture – Bureau of Plant Industry. Its purpose is to promote production of foods that are rich in vitamins and minerals. The Gulayan sa Paaralan is a source of vegetables to sustain the supplementary feeding held time to time in public schools. The program is also a drive to fight malnutrition. Children are taught to prefer nutritious vegetables over food having high cholesterol and served

with preservatives which are not good for their growth. The program also aims to boost the awareness of the young children on the significance of growing vegetables in the backyards. Under this project, vegetables should be organicallygrown in plots and in empty containers to minimize expenses. Furthermore, it would help and train the students to refrain from consuming foods with chemicals derive from pesticide or insecticide which are considered health hazards. This program is important because it does not just train students to contribute to the solution comes to poverty and climate change, but as well teach them the value of taking care of their bodies through eating vegetables rich with vitamins and minerals.

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to expand Ranger, EcoSport drive up Holcim PH cement production Ford PH’s end-July sales FORD Philippines sales in the first seven months of the year rose by 15 percent from a year ago. End-July sales reached

12,132 units, up from last year’s 10,587 units. Ford Philippines managing director Kay Hart attributed the strong sales

in the first seven months of the year to demand for the Ranger and EcoSport nameplates. Ford Ranger seven-month

sales reached 4,884 units, while EcoSport sales reached 4,996 units. “We’re pleased that our momentum continued through July as Filipinos show their confidence in the Ford brand and appreciation for the way our global Ford vehicles, particularly the Ranger and the EcoSport, are meeting their lifestyle and transportation needs,” Hart said. In July alone, Ford’s sales reached 1,705 units, still backed by Ranger and EcoSport with sales of 557 and 833 units, respectively. Ford will start to retail the all-new Ranger and Everest by next month to support its sales in the local market. Ford said it was on track in its expansion plan to have 40 dealership networks by end-2015.

HOLCIM Philippines Inc. is investing up to US$40 million (over P1.8 billion) to expand its production capacity from eight million metric tons (MT) to 10 million by next year. In a pre ss br i e f i ng , Holcim Philippines president Eduardo A. Sahagun said the company was gearing up to improve its facilities in Calaca and Mabini in Batangas; and in Norzagaray in Bulacan. Sahagun said the newly acquired Star terminal of Lafarge Republic Inc. can also enable Holcim to increase its production capacity. L a s t w e e k , Ho l c i m Philippines closed a deal to buy Lafarge Republic Inc.’s terminal in Manila and aggregates business in Rizal, paying P3.09 billion for the assets. This was part of the global merger of their parent firms Holcim Ltd. and Lafarge S.A. “We are reviving a lot

of projects. Our Calaca plant is easily adjustable to additional volume as well as the Mabini plant and the Star terminal. The Star terminal could double our capacity… (Cement) demand is growing, we have no option but to raise our supply,” Sahagun said. He sees surging market demand on account of the public-private partnership (PPP) projects and as more infrastructure major players in the country announced expansion plans. ”The market prospects remain bright as construction ac t ivity is exp e c te d to continue,” Sahagun said, attributing the growth to higher private construction activities and accelerated government infrastructure spending. Holcim’s sales surged by 9.7 percent to P9.4 billion in the second quarter of 2015 as its plants delivered holcim/PAGE 11

San Miguel net profit up 15% in H1 PHILIPPINE conglomerate San Miguel Corp. (SMC) grew its six-month profit by 15 percent despite lower revenues. In a statement, SMC said

consolidated net income, excluding the effects of foreign exchange movement, amounted to PHP18 billion in January to June from PHP15.65 billion during

the same period last year. Its consolidated revenues, however, declined by 16 percent to PHP338.8 billion in the first semester due to unfavorable crude prices at

the start of the year, along with lower volumes for SMC Global Power as a result of the maintenance shutdown of the Malampaya gas facilities. SMC reported P40.7

billion in consolidated operating income for the first half, a 23-percent increase over the same period last year, on the back of a five percent combined revenue

growth in its core businesses, the significant profit recovery of Petron in the second quarter as a result of more stable crude oil prices, and san miguel/PAGE 11

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BPI’s 2015 H1 net income up 16%


HE Bank of the Philippine Islands (BPI) registered net income of P9.3 billion for the first half (H1) of 2015, a 16 percent improvement over Php8 billion earned in the same period last year, resulting in annualized ROE (Return on Equities) and ROA (Return on Assets) of 13.0 percent and 1.4 percent, respectively. Comprehensive income for the same period, which includes mark-to-market adjustments on available-for-sale securities,

amounted to P9.1 billion, a 34 percent increase year-on-year (y-o-y). Total revenues reached P29 billion as both net interest income and non-interest income increased. Net interest income was P19 billion, up by P2 billion, or 12 percent year-on-year, due to a 15 percent expansion in average assets. Non-interest income was P10 billion, up P1 billion, or 11.5 percent better than the same period last year due to higher income

from securities trading, fees and commissions, and the insurance business. Growth in operating expenses was moderate, increasing by only 7.6 percent year-on-year. The bank thus registered a cost-to-income ratio of 51.9 percent. The bank’s total assets stood at P1.4 trillion at the end of the period, a 9.7 percent increase year-on-year. Deposits increased to P1.2 trillion, representing a 12 percent increase year-on-year, and a record

level for the bank. Total loans grew by 9 percent over the same period. Asset quality remains strong, with a gross 90day non-performing loan ratio of 1.77 percent, down from last year’s 1.85 percent. Loan loss cover was maintained at 108 percent. Capital was at Php149.7 billion at the end of the period. BPI’s first semester cash dividend of Php0.90 per share was recently approved by the Bangko Sentral ng Pilipinas, and this will be payable to shareholders on September 2,

2015. Consolidated CET 1 Capital Adequacy Ratio (CAR) was 14.3 percent, while total CAR was 15.2 percent. “ We r e m a i n f o c u s e d o n providing our shareholders with superior risk-adjusted returns through the cycle,” said Cezar P. Consing, BPI’s President and CEO. “At the same time, we continue to build the bank around our clients. This is a journey, and we believe we do well when our clients do well.” (PNA)

Robinsons Bank may beat BSP orders banks to disclose income guidance this year funds from securities brokering GOKONGWEI-LED R obins ons B an k C or p. (Robinsons Bank) is expected t o s u r p a s s it s i n c om e guidance this year on the back of encouraging results seen in the first six months, driven by the surge in loans and fees. Robinsons Bank President and Chief Executive Officer Elfren Antonio S. Sarte said the bank is poised to grow its net profit to more than P100 million by end-2015, a little over the target the lender earlier set. “Our real target is below P100 million [net income]

since I was restructuring the bank, but so far, I will exceed that,” Mr. Sarte said in a recent interview. “Before mark-to-market losses, we are very much ahead of our target income for June... we should be hitting more than P70 million already. We have mark-to-market losses of about P14 million so we should end up at around P58 million by the end of June,” he added. The bank official earlier said Robinsons Bank’s net income is seen to fall this year as the lender targets

to spend on developing its resources and expanding its network as banking systems in the region integrate. The banking arm of Gokongwei-led JG Summit Holdings, Inc.’s posted a P146.91-million net income in 2014, down 64% from the P406.16 million it booked in the preceding year amid the lack of trading gains that had helped boost its performance in 2013. Mr. Sarte noted that the bank’s lending business will continue to drive its expansion this year as well as robinsons/PAGE 11

THE central bank’s policymaking Monetary Board (MB) has directed banks to have a separate account in their books that would segregate funds sourced from securities brokerage activities. In a s t at e m e nt , t h e Bangko Sentral ng Pilipinas (BSP) said the new account in the books of the banks would be called “broker customer account” and funds under this “are not to be classified as deposits.” “They are transactional in nature because there is an instruction to use them to purchase securities,” the

BSP said. The central bank said funds under the “broker customer account” “will not b e subject to bank reserve requirements and will not b e covered by t he Phi lippine D ep osit Insurance C or p orat ion (PDIC). B an k s t hat a c t as a securities brokers book funds from securities broke r i ng a c t iv it i e s as deposits. Also, starting October 2015, banks are required to submit a monthly report of their weekly balances of s e c u r it i e s an d c a s h

they received from their customers. These moves are in line with the central bank’s bid to “align the reporting system with international standards and to protect the welfare of financial consumers.” ”As a step towards the segregation of banking activities from other business ac tivities, the current Financial Reporting Package of the BSP was a ls o amende d to ma ke room for the reporting of the extent of securities brokering transactions of its super vised financial institutions,” the BSP said.

On this Special Day as you celebrate your Birthday. Here’s wishing you a whole lotta happiness & sweet surprises! HAPPY BIRTHDAY! Gov. Jose Ma. R. Zubiri Jr. GOD BLESS and More POWER TO YOU!!! Greetings From:

OIC- CENRO Felicismo “Bong” C. Escuadra Jr CENRO- DON CARLOS Don Carlos, Bukidnon

RD Ruth M. Tawantawan PENRO Ma. Theresa J. Allen


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Toyota sets a new monthly sales record

The number one automotive brand in the country rewrites history by registering 10,678 units in a single month last July. Coming from its last sales record in May with 10,511 units, Toyota proves once again that it can go even further by beating its own monthly sales performance just after 2 months. This is the first time any local car manufacturer has achieved such sales volume. Toyota’s sales grew

with the continuous high demand for all its models. More specifically, its best-selling vehicle in the country, the Vios, the Filipino favourite, Innova and its mini hatchback, Wigo registered their respective record sales performance to date. The 3rd generation Vios which was launched just 2 years ago remains a steadfast choice in the Philippine market. Last July, the best-selling car in the country recorded 3,102 units, the very

first model to achieve such number in a single month. The Innova on the other hand, marks 1,653 units displaying that it still is the MPV to beat in its segment. The Wigo also continues to prove its edge against its competitors in the segment by tallying 1,189 units – its highest figure since it was first introduced last 2014. On a year to date basis, Toyota lists a growth of 17% versus the first 7 months of last year with

accumulated sales of 68,395 as of July 2015. In a statement, Toyota Motor Philippines’ (TMP) President Mr. Michinobu Sugata expressed… “On behalf of the whole Toyota family, we would like to extend our sincerest appreciation to our customers for constantly making our brand the preferred choice. We are pleased by the unwavering support as seen in our most recent sales milestone in July. This is indeed a good

way to celebrate our 27th anniversary this month in the country.” He also added, “Achieving another 10,000 unit sales level is already an accomplishment in itself. However, going the extra mile and recording our highest tally yet at 10, 678 in a single month is a proof of how customers continue to enjoy the exceptional Toyota ownership experience. This has always been fastened by the Toyota

Sure Advantage (TSA) wherein all customers can be assured that each Toyota vehicle is ingrained with traits of Great Value, Quality, Durability & Reliability and Pioneering Technologies that all make up for a Fulfilling Ownership. Truly, as we move forward -- we see each accomplishment as another motivation for our Team to constantly find ways in serving you, our customers and partners even better."

“See you in Boracay!” 500 Startups’ Dave McClure to speak in 3rd Geeks on a Beach “See you in Boracay!” were the words of Silicon Valley startup guru Dave McClure who will speak during the Geeks on a Beach (GOAB) international tech confab. GOAB will be making its third comeback on August 20-21, this time in worldfamous Boracay Island where it all began 3 years ago. McC lure a ls o ​ g race d last year’s GOAB held at t he Mo e venpick B e ach Resort Hotel in Cebu. He is prominent in the tech world

as the founder of the 500 Startups, a global accelerator and seed fund investing firm that has set its eyes on Asia as one of the fastest growing tech communities in the world. B efore founding 500 Startups in 2010, McClure was already an angel investor frequently investing and advising in startups. He was also a consultant of several high-tech companies like Microsoft and Intel and worked for companies such

as PayPal and Facebook. “The Philippines is a country full of smart and creative people — it’s a perfect place for entrepreneurship to flourish and grow,” said McClure. He added that 500 Startups is interested in a number of startups in the country, though nothing has been finalized yet. 500 Startups has invested in over 500 startups or innovation-driven enterprises related to web search, social media, and mobile app

platforms. It now has local partners in Malaysia (500 Durians fund), South Korea (500 Kimchi), and Thailand (500 Tuktuks). It is gearing for even stronger penetration in the Southeast Asian region. PH is next G OA B c o - p re s e nt e r IdeaSpace, the country’s largest privately backed incubator and accelerator, said that the Philippines should logically be the next budding tech startup destination but also added that much work still needs to be done to build the local startup ecosystem. “We are committed to

500 Startups’ Dave McClure

our vision of nurturing technology startups from the Philippines and the Southeast Asia to help them scale to

the region and globally,” said IdeaSpace President and Co-Founder Earl Martin geeks/PAGE 11

GT Cosmetics launches GT Papaya Lotion, new look for GT creams line From making 50 handcrafted papaya soap bars a day in 1994, GT Cosmetics Manufacturing, Inc. is now offering GT Papaya Lotion for local and international markets. GTCosmetics, the Cebubased maker of soaps and skin care products, today introduced its GT Papaya Lotion in a press launch. Aside from the launching of the new lotion product, the event likewise highlighted the unveiling of the new look of the company’s creams line. This includes a classy new container, a new box, and increased content from 15 grams to 20 grams at no additional cost. Models ramped onstage carrying oversized GTCosmetics Papaya Lotion and GT creams in new packaging wearing the Bohemian Luxe Themed Amano Line of Dexter Alazas. Engr. Leonora B. Salvane, GTCosmetics Founder and Chief Operating Officer, described the GT Papaya Lotion as a moisturizing and whitening lotion that

is intended for the young, active and on-the-go market which explains the smaller, easy to bring along tube. “All these are GTCosmetics Manufacturing’s way of appreciating and thanking our loyal customers for their continued patronage and support for our products as we move towards the ASEAN Integration by end of this year,” said Salvane. Celebrating its 21st year this year, GTCosmetics Manufacturing plans to harness the opportunities in the emerging markets of Asia. It is making itself ready to make the most of the opportunities offered by this year’s ASEAN Integration. The cosmetics firm is now ISO 9001:2008 certified and is proceeding with working on the process of securing other ISO level certifications. This makes sure the satisfaction of customers by strictly observing of international regulatory standards. GTCosmetics

Manufacturing’s third manufacturing plant which is likewise compliant to global standards is set to be finished by first quarter of 2016. The firm currently operates 2 factories: the first is an expansion of the Salvane residence in Liloan while the second opened in 2012 in Marilao, Bulacan. From making only handmade papaya soaps from natural extracts 20 years ago, GTCosmetics now produces more than 700,000 items monthly across its full line of skincare products from moisturizing and bleaching creams, sun block, clarifying toner, and lotions. GTCosmetics Manufacturing products are distributed nationwide through stores Watsons, SM Supermalls, Robinsons Malls, Gaisano Malls, Metro Malls, Mercury Drug, and Prince Hypermart chains, among many others. It is also available abroad in the US and Canada.

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Mentoring... from page 2

the end of the year. He, however emphasized that “we can only say mission accomplished when the aims of the Negosyo Center are pursued and achieved, i.e., when our clients are provided facilitation and a s s i s t a n c e i n bu s i n e s s registration, f inancing, business mentorship, market placements and other demanded services.” Pagaran is also banking on the synergies that will come from the coordination and collaboration arrangements that will be firmed up with the two centers located in the city for the benefit of Surigao del Norte and Surigao City’s micro small and medium enterprises. The launching was also attended by members of the Filipino Chinese Chamber of Commerce and Industry, MSMEs, representatives from the academe and national government agencies. (DTI13/PIA-Caraga)

Hurst... from page 4

told about others might also happen to us! Then, guess who people will be gossiping about? You. So if you’ve been hanging around with people who gossip and criticize others, you can decide right now to stop. If you will just ask Jesus Christ to forgive you, He will. Then Jesus will give you His powerful love for others, so instead of hurting them you will want to help them. You’ll even defend and stand up for them when others talk badly about them. Then, someone just might do the same for you when the gossipers are talking badly about you. Just Think a Minute…

Batas... from page 4

judging others about their performance in government, particularly his predecessor, the now-detained and sickly former President Gloria Arroyo? So, true indeed, when one judges others in violation of what the Bible admonishes, he gets the same treatment or the same fate of being judged, rightly or wrongly.As far as I am concerned, I am for everyone in government blaming one another, for that is the only way by which the citizenry can come to know of wrongdoings which are usually hidden from public view, particularly when the officials involved are up there at the top where many are covering up for them. I hope Binay can come up with much specific details against Aquino as election nears. -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way), a Bible study and prayer session on radio, airs Mondays to Fridays, 6 p.m. to 6:30 p.m., at DWAD 1098 kHz on the AM band. For replays, go to www.facebook. com/angtangingdaan or www. and scroll for “Ang Tanging Daan” broadcasts. Phone: 0922 833 43 96, 0918 574 0193, 0917 984 24 68. Email:

Hanna... from page 6

ibayong pag-iingat ang ating ipinapanukala sa ating mga kababayan hinggil dito,” said Presidential Communications Operations Office Secretary Herminio Coloma, Jr., in a radio interview with dzRB Radyo ng Bayan. According to the Philippine Atmospheric, Geophysical and Astronomical Services Administration-Thunderstorm Advisory no. 4 (Issued at: 1:20 PM, Sunday) a thunderstorm is still affecting Rizal, eastern Laguna and Bataan. While, light to moderate rains still affecting Metro Manila, Bulacan, Pampanga, Nueva Ecija, southern Zambales, Quezon (Gen. Nakar, Infanta, Real, Polillo Is.) and a portion of Batangas which may continue for 2-3 hours. All are advised to take precautionar y measures against heavy rains, strong winds, lightning and possible flash floods, said PAGASA. Secretary Coloma also noted that the Department of Foreign Affairs is monitoring the situation in Taiwan, as the typhoon made land fall there. “Ang sa atin pong mga ulat ay wala pa namang ibinibigay na pahayag hinggil sa casualties sa hanay ng ating mga kababayan. Sa kabila noon ay masinsin po nating sinusubaybayan ang sitwasyon at handa naman pong maghatid ng tulong ang ating pamahalaan. Mayroon po tayong tanggapan sa Taiwan na tumututok sa s i t w a s y o n d o o n ,” s a i d Coloma. Based on the reports of the National Disaster Risk Reduction Management Council, there is currently heavy flooding in the province of Maguindanao. “Mayroon pong walong munisipalidad na apektado ng pagbaha, at ang mga pamilyang apektado nito ay may bilang na 12,340 o humigit-kumulang 60,700 persons bagamat wala naman pong naiulat na casualties,” he added. (PCOO/PND (ag)

Holcim... from page 8

production records. Its net income improved by 1.6 percent in the second quarter to P1.5 billion due to higher volume and prices. Holcim’s first half profits reached P3 billion, slightly lower than last year, due to the early implementation of plant maintenance activities and higher use of more expensive imported clinker in the first quarter. “Our investment in facility upgrades allows our plants to run longer before scheduled maintenance activities. This will pay off in the current market environment as we

are able to meet the demands of customers,” Sahagun said.

San Miguel... from page 8

higher contribution from its infrastructure business. Petron Corporation sold 47.4 million barrels, nine percent higher than last year, as domestic volumes surged by 17 percent. Ne t i n c o m e o f S a n Miguel Brewery Inc. grew 10 percent to P6.9 billion; while consolidated revenues rose five percent to PHP39.8 billion, driven mainly by domestic operations. Ginebra San Miguel Inc. sustained its recovery with consolidated revenues rising eight percent to P7.5 billion on the back of higher volume growth. Consolidated revenues of San Miguel Pure Foods Company Inc. rose three percent to PHP50.5 billion, on the back of the solid performance of its Branded Value-Added, Feeds and Flour businesses. Higher sales of glass products to beverage companies and exports pushed revenues of San Miguel Yamamura Packaging Group by four percent to P12 billion. San Miguel Holdings Inc., SMC’s infrastructure business, contributed P5.3 billion in toll revenues for the first half of the year, the main bulk of which came from South Luzon Expressway and Skyway 1 and 2, which were consolidated beginning March.(PNA)

Robinsons... from page 9

introduction of new products in its branches. “We’re coming from a small base, so lending will still be a big driver... we’re not doing a lot of treasury right now but we are expanding our offering in our branches so both lending and fee income would be the drivers,” he added. The lender is also coming out with “multiple products” to maximize its branches. Mr. Sarte said Robinsons Bank just recently launched a cash-management product for small businesses. Mr. Sarte added that the capital infusion he earlier said had been set for the bank “already came in ... so we have already P12 billion paid-up capital today.” The official had said Robinson’s Bank is shoring up its capital to finance its expansion plans and to comply with more stringent regulatory requirements set by the central bank.

Geeks... from page 10

Valencia. “With all the sectors interested to support startups - private sector, academia, government and non profit - the country could be one of the worlds best environments for budding entrepreneurs,”

said Valencia. He also added that initiatives like GOAB help grow existing startups and inspire entrepreneurs to launch their businesses IdeaSpace has co-invested with 500 Startups in startups l i k e re a l - e s t at e p or t a l ZipMatch. com co-founders John Dang and Chow Paredes met some of their investors in the first GOAB conference in Boracay in 2013. GOAB lead organizer and founder Tina Amper meanwhile stressed the role of GOAB in helping making this a reality by bringing together startups, entrepreneurs, and designers to take part in a laidback yet dynamic and prolific interaction on tech, entrepreneurship and business opportunities. “Participants get full attention of just about everyone in GOAB as it’s a destination conference. People have to be in Boracay for 2-3 days so you have multiple opportunities to meet people, network, deepen the relationship before you go back to real life. No need to travel abroad to meet international tech startup leaders as they are coming to Boracay,” she said GOAB is unique as an international conference due its fun by the beach yet productive atmosphere that offers participants opportunities to not only learn the latest on tech and entrepreneurship but also to network and secure business deals. “GOAB is S outheast Asia’s most relaxed, friendly, and fun conference. Real relationships get made. Deals get done. And it’s by the beach. You can’t miss this,” said Khailee Ng, also of 500 Startups as its Managing Partner. Call for participants GOAB organizers are encouraging those interested but have not yet registered to signup now to make the most of this rare experience. They particularly called on people in the tech industry who want to see what’s new in live action to join GOAB. “Even if you are not ready to make any career moves now, GOAB is the time to get yourself educated, start making contacts and friends who can help you in the future. You won’t be disappointed,” said Amper. Existing businesses that are eager to use tech, online and social media tools to increase sales and profit are also encouraged to come to GOAB and learn about best practices and meet professionals who can help them deploy these tools. She noted that even those working outside tech but are curious about what the fuss is about should come and feel the energy and hear how young entrepreneurs from the Philippines and Southeast Asia are building companies that help make the world a better place. To register, sponsor, or inquire about GOAB,

v isit t he website,w w w., follow @GeeksOnABeach in Facebook and Twitter @GeeksOnABeach, or emailhello@ Te c h Ta l k s . p h h a s once again partnered with IdeaSpace​, SMART Communications, SMART B r o, S M A RT D e v Ne t , PLDT Innolab, and the Department of Science and Technology-Information and Communication Technology Office (DOST-ICTO) to make the third GOAB possible. Strategic partners include, Happy Garaje, and PRWorks with AirAsia, Amazon, 1337 Ventures,


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A-Space, Ipanema, Monk’s Hill Ventures, Plug and Play Tech Center, Mingle, One Pouch, Microsoft, Islands, Salarium, Pascual Pharma Corp., Frontier Ventures, RTI International and USAIDSTRIDE, Metro Drug Inc., GT Cosmetics Manufacturing, Synacy, Kickstart, STACSilicon Valley,, and Department of Tourism Region VI as main sponsors. is a nonprofit organization that supports tech startups and promotes ICT careers in the Philippines. TechTalks. ph has organized 11 Startup Weekend workshops in the Philippines, and two Geeks on Beach tech confabs.

Home Visitations: HomeSchool partnership for children’s education By Cleofe Baldon Tigbao Elementary School Libona, Bukidnon

Teachers have more responsibilities aside from teaching students how to count, write or read. More than that, they are assigned to observe the behaviour of students, and from that, strategized a best method on how to instill knowledge and encourage them to appreciate learning. There are times, however, that classroom interaction is not enough to make students appreciate the beauty of knowledge. Students fail, make a number of absences and more saddening than that, they neglect to go to school again. Thus, it is important that teachers should conduct home visitations. There are many possible goals for these home visits including: bridging cultural barriers, reporting on

academic progress, enlisting parental support to increase academic achievement, and giving parents the tools to do so. This meeting is important because it helps the parent and student become acquainted with the teacher in a nonintimidating way. This visit can also help teachers find out about the needs and interests of individual students and have a better understanding of the various strengths and challenges faced by each student, for them to meet the student and their family in a relaxed setting. Educating youngsters involved understanding the life that they live and how they grow as a person in entirety. It takes so much time and patience, but it is significant for them to be taught easily and effectively.

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Team Japan Wins Cebu Pacific’s #CEBjuanderers Challenge 2015!

Airline’s first regional blogger campaign also featured teams from Australia, China, Korea

Cebu Pacific Air (PSE:CEB), the Philippines’ largest airline, concluded its first #CEBjuanderers Challenge, with bloggers from Japan emerging as the winners. Ikuma Nakagawa and Hidekazu Tanaka from Team Japan competed against teams of two bloggers each from Korea, China and Australia, and ranked the highest in special fun challenges held in the Philippines’ top tourist destinations. Organised in partnership with the Philippine Tourism Promotions Board, the #CEBJuanderers competed in a series of surprise challenges from 1 to 7 August 2015. They flew on trapezes in Manila and cooked up a feast in Palawan. They participated in energetic dance-offs in Cebu and adrenaline-pumping ziplines and sky cycles in Davao. The challenge ended on the white sandy beaches of Boracay where the #CEBJuanderers had a ball of a time playing football. They also took part in a Fan’s Choice bartending challenge, as voted by Cebu Pacific’s Facebook fans. Apart from the challenges, they also toured the Puerto Princesa Underground River, one of the New7Wonders of Nature, and went island hopping in Boracay. “I can’t believe we did so much in just seven days, you don’t feel tired when you’re having so much fun and making wonderful memories! I’ll never forget the wonderful hospitality of the Philippine people and my time as a CEB Juanderer. The challenges were so much fun, and I can’t wait to come back to Philippines again as Team Japan won! The Philippines is a great undiscovered travel destination that all Japanese should explore!” said Ikuma Nakagawa. “Over the past week I have found the Philippines to be wonderful place, which is now very close to my heart. The country is full of beautiful natural sights as well as warm and welcoming people. It was wonderful to meet all my fellow CEB Juanderers and I would like to thank everyone who helped us along the way” said Hidekazu Tanaka. “It was fantastic to see all the fun and excitement of the Philippines captured through the eyes of the Juanderers. We hope that as more people see what an incredible time they had, they would be also be inspired to create their own adventures and ‘Juander’ across the Philippines with Cebu Pacific’s excellent domestic and international network,” said CEB VP for Marketing and Distribution Candice Iyog. Each member of the winning team received an allexpense paid holiday to any destination in the Philippines for two people, inclusive of flights, two nights hotel accommodation and USD300 travel allowance. All Juanderers will also be holding “The #CEBjuanderers Fans’ Photo Contest” on their social media platforms, where their fans back home will stand a chance to win a pair of return tickets to a direct destination in the Philippines.

(From left ): Blessie Cruz. Director for Advertising and Promotions at Cebu Air Pacific Air, Ikuma Nakagawa and Hidekazu Tanaka winners of the #CEBjuanderer Challenge 2015, and Ramon de Veyra Jr. Officer-in-Charge, North Asia Division, International Promotions Department, Tourism Promotions Board Philippines.

The CEBjuanderers in Boracay (from left): Sun Yang, Liao Xirong, Jean Carmela, Stefanie Acworth Hidekazu Tanaka, Ikuma Nakagawa, Irene and Pen-nel

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Feature 13 MY CITY, MY SM, MY CUISINE wednesday|august 12, 2015

COOKBOOK WINS 2 GOURMAND AWARDS The My City, My SM, My Cuisine cookbook recently won two Gourmand World Cookbook Awards during recent ceremonies in Yantai, China. The book was honored with a Prestige Award by the International Jury, and placed third in the Local Cuisine category, qualifying it to be among Gourmand’s Best in the World. Founded in 1995 by Edouard Cointreau, the Gourmand World Cookbook Awards is sometimes described as the Oscars of Food Awards. It celebrates cookbook and wine publishing, and features many renowned chefs every year. This year’s awards drew more than 12,000 entries from 205 countries. “It is a big success to be in the list,” says Gourmand Awards President Edouard Cointreau. “The quantity and quality of entries has reached a new high this year.”

“A total of 205 countries participated in the Gourmand Awards,” he adds. “All the books listed are truly excellent in very different ways.” If Mr. Cointreau’s name sounds familiar, he was born in the family of Cointreau liquor on his father’s side, and Remy Martin and Cognac Frapin on his mother’s side. A celebration of Philippine regional cuisine, the book is a compilation of the My City, My SM, My Cuisine campaign that SM spearheaded from 20122013 in key cities around the Philippines where SM has malls. A joint project with the Philippine Star, the campaign had more than 20 stops in SM’s host cities as far north as Baguio and as far south as Davao. Published by SM through People Asia, the book has a special focus on heirloom recipes, a treasure trove of culinary gems from

prominent families from each city. In Cagayan de Oro, Eileen Canoy Escobar San Juan shared her family’s wonderful stories, and their prized family recipe – Mantica-o Some of these families had heroes for ancestors, and their descendants happily shared the favorite recipes of General Emilio Aguinaldo, Dr. Jose Rizal, Marcelo H. del Pilar, and Mariano Ponce; as well as that of food historian Mila Enriquez. Food is also culture, and the book also highlights community cuisine from the Cordilleras, the Aetas of Olongapo, the Manobo and Maranao of Davao, the T’boli of GenSan, as well as Barangay Iponan from Cagayan de Oro. The My City, My SM, My Cuisine book is available at Kultura Filipino stores at SM Aura Premier, SM Makati, the SM Mall of Asia, and SM Megamall. The My City, My SM, My Cuisine cookbook received two Gourmand World Cookbook Awards during recent ceremonies in Yantai, China. It was honored with a Prestige Award by the International Jury, and placed Third in the Local Cuisine Category. In photo, Gourmand Awards President Edouard Cointreau with SM Senior Vice President for Marketing Millie Dizon during the awarding ceremonies. The book is a compilation of the My City, My SM, My Cuisine campaign in partnership with the Philippine Star, and was published by SM through People Asia. The Prestige Award of by the International Jury qualified the My City, My SM, My Cuisine cookbook to be among Gourmand’s Best in the World. This year’s awards drew more than 12,000 entries from 205 countries.

San Ignacio Fundacion de Salud has its 3rd clinic and pharmacy blessed July 31, 2015 at Puerto, Cagayan de Oro City. Cutting the ribbon (from left) are Merlyn Auxillo , pharmacist, sponsors Zenaida Rodriguez, Mike Baños and Sol Elazegui . Also in photo is Timoteo Rodriguez. San Ignacio has 4 Aray Ko Doc! clinics and Tambali Ko Doc! Pharmacies in Carmen, Velez-Del Pilar Sts. and the Misamis Oriental Capitol Compound. It is dedicated to providing affordable professional health care to the poor. Photo by PATRICK VELOSO


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Penalty... from page 1

(Abante Mindanao partylist) filed House Resolution 2200 to urge “the Department of Energy to impose fines and penalties on those responsible for unscheduled downtimes of power plants in the country.” “ Those responsible should answer for their irresponsibility,” the brothers said as they explained that unscheduled downtimes affect businesses and ultimately the country’s economy. “Some of the effects of an unscheduled downtime include production losses and schedule delays, missed delivery dates, hurried repairs which usually cause future problems, increased work pressure and job stress and even safety risks,” the resolution read. They said that government should ensure that power p l a nt s a n d g e n e r at i n g companies strictly follow their specific commitments in commissioning their plants as scheduled. “This is why it’s about time that the Department of Energy consider imposing fines and penalties especially during critical months when supply is deemed to be low and demand is rising,” they said. Meanwhile, the second 105-megawatt unit of the STEAG State Power, Inc. (SPI) will go back online before its target date of August 16, said the company’s spokesperson Jerome Soldevilla. “[It will go back online] on or before August 16 but most likely earlier than our August 16 target,” he said in a text message to this reporter. SP I’s s e c on d p ow e r unit was put on preventive maintenance shutdown since July 18.

Documents... from page 1

in aid of legislation. City Councilor Prexy Elipe, chair of the city’s committee on finance, ways, and means, said that the City Council sought the legal opinions of the two government bodies on the continued refusal of Moreno to provide documents as a guide in drafting of the proposed budget for 2016. Elipe recalled that the City Council passed resolution no. 12069-2015 requesting the City Accountant, the City Treasurer and the City Budget Officer, through the Office of City Mayor Oscar S. Moreno, to furnish the City Council with the documents, requested by the different council members, in aid of legislation, Elipe said that, in response to the resolution, Moreno replied that what the City Council was asking was “beyond the parameters of the local legislative power.” Elipe cited that t h e s u bm i s s i on of t h e documents is for purposes of transparency and i n pre p ar at i on for t he

deliberation of the 2016 annual budget. Documents requested were Membership Dues to Organizations; Consultancy Services; Accounts Payable; Rent Expenses; Training and Traveling Expenses; Construction in Progress, among others. Ac c ord i ng to E l ip e, the non-submission of the documents needed poses a very big problem especially for budgeting. “This council cannot approve anything without its basis, concrete justification how to utilize funds which are entrusted by the people in the form of taxes,” Elipe said. (PNA)

Festival... from page 1

t h e s e ve n Moro t r i b e s showcased their culinary delights in an event at the Cultural Village inside the ARMM compound. Visitors, mostly local officials and ordinar y villagers visited, shared, and tasted food at the Iranun village, which presented the traditional “pagana”. Visitors were treated like special guests regardless of their status in life. “Foods are everywhere, fruits too, how lovely to spend time here,” said one of the visitors from Manila on a business trip who dropped by the replica villages. “Only here in ARMM food festival,” he said of the food from Iranun village that included Muslim delicacies “Pyurs,” “Amik,” “Piaparan” and many more. As the guests partook of food, local artists performed a “ k u l i nt a n g” mu s i c a l together with a Muslim dance troupe. Nearby a Tausug village offered fruits and sea foods. It featured in traditional food from Sulu known as “Tiyula Itum,” “Daral”, “Putli Mandi,” “Pasong” among others. Visitors were also treated with traditional Tausug dance and music. There were Maguindanao, Maranao, Sama, Teduday, and Ya kan vi l lages to o that showed replicas of traditional houses. One can tour and visit the ARMM through miniature villages where customs, traditions and traditional food are put forward. “Through these miniature villages one can identify a tribe because of the food, color, traditional dress and delicacies. We treat visitors like sultans,” Mayor Kits Guro of Matanog, Maguinanao said as he pointed to the Iranun village. Mims Ayupan, a food chef judge, said visiting the replica villages was like visiting the entire ARMM. The cultural village was the brainchild of ARMM Gov. Mujiv Hataman to show to the world the rich culture of the tribal groups in the region.

Pablo... from page 1

rice and banana as well as pepper, which has become a preferred crop in areas hit hard by the typhoon. The pepper producers have also been engaging in processing and their products are now marketed in other parts of the country and exported. Governor Corazon N. Malanyaon said the DA fund is covered by the typhoon rehabilitation program intended to help farmers raise their income and develop them into even small-scale entrepreneurs. “We need to boost their income for them to be able to completely recover from the impact of the typhoon,” said Ms. Malanyaon. The provincial government has also distributed seedlings for cacao, rubber and vegetables. About two weeks ago, the DA

and the Mindanao Development Authority (MinDA) launched the Cacao Double-up Program to increase the productivity of areas planted with coconut through intercropping. The program will match the number of seedlings that the local government will provide and provide other technical assistance. “The (cacao) program will help them earn early, then when they will just wait for their (new) coconut plants to mature,” Undersecretary Janet M. Lopoz, MinDA executive director, told BusinessWeek Mindanao. Cacao trees become productive within about three years while coconut takes at least five years. Ms. Malanyaon welcomed the Double-up Program saying it will fast-track the rehabilitation of the coconutgrowing areas, particularly in



- Versus LOCAL CIVIL REGISTRAR OF CAGAYAN DE ORO CITY, ADELINO D. ACEBEDO Respondents. NOTICE OF INITIAL HEARING Petitioner, through counsel, filed a verified Petition for the Correction of Entry in the Birth Record of Minor Mariedhen Henilza Acebedo. Finding said Petition sufficient in form and substance, the same is hereby given due course. Petitioner is hereby directed to cause this Notice to be published once a week for three (3) consecutive weeks in a duly accredited newspaper of general circulation, at her own expenses. Let copies of this Notice be posted in the Bulletin Board of the Civil Registrar of Cagayan de Oro City, the Bulletin Board of the City Hall of Cagayan de Oro City, and the Bulletin Board of this Court. This case is set for hearing on 8 October 2015 at 2:00 in the afternoon at RTC-Branch 39, City Tourism Hall, City Hall, Cagayan de Oro City. The Civil Registrar and any person having or claiming any interest under the entries whose cancellation or correction is sought may, within fifteen (15) days from notice of this Petition, or from the last date of publication of such notice, file his/her opposition thereto. Let a copy of this Notice be furnished the Office of the Solicitor General, Office of the Civil Registrar of Cagayan de Oro City, the Petitioner and her counsel. AFTER Petitioner’s documents in compliance with jurisdictional requirements are marked and declared complete, , and there is NO OPPOSITION filed, petitioner should PRESENT EVIDENCE EX-PARTE before Atty. Kathryn A. Galarrita-Naduma, at a convenient date and time agreed upon between the latter and counsel.

SO ORDERED. Cagayan de Oro City, 3 August 2015.

(Sgd) HON. MARITES FILOMENA B. RANA-BERNALES Presiding Judge BWM: Aug. 12, 19 & 26, 2015

the towns of Boston, Baganga and Cateel. “This is truly a convergence program,” Ms. Malanyaon told BusinessWeek Mindanao. Meanwhile, the Bureau of Fisheries and Aquatic Resources has also distributed to the province several units of motorized and non-motorized bancas, fishing gears, fish shelters, and bangus fingerlings. -- Carmelito Q. Francisco


2014 ppi’S Best in ENVIRONMENTAL Reporting

City Environment and Natural Resources Office was tapped to discuss and present to the participants the risk of the disasters and how to manage those disasters. The discussions on the two-day seminar were focused on natural and man-made calamities like earthquake, fire, typhoon, flood and biochemical outbreaks. Upon conclusion of the twoday seminar, the participants underwent the earthquake and fire drills. Some participants also performed fire control of an LPG (Liquefied Petroleum Gas) tank on fire by manually turning off the tank regulator and with the use of a fire extinguisher.

Seminar... from page 6

Consciousness Month. The expertise on disaster risk management of SFO1 Jimson E. Esnardo of the Bureau of Fire Protection Surigao City and Leonardo C. Go of Surigao

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region BRANCH 24 Cagayan de Oro City PETITION FOR CONCELLATION OF THE CERTIFICATE OF LIVE BIRTH OF BIRTH REGISTRATION UNDER REGISTRY NO. 97-185 AND CONFIRMATION OF THE LATE REGISTRATION UNDER REGISTRY NO. 88-312 OF MICHAEL ANGELO ACBAYAN CAERMARE, SPEC. PROC. CASE NO. 2014-130-R MICHAEL ANGELO A. CAERMARE, HEREIN REPRESENTED BY ANNE MARIE T. CAERMARE, Petitioner, - Versus THE LOCAL CIVIL REGISTRAR OF THE MUNICIPALITY OF TAGOLOAN, PROVINCE OF MISAMIS ORIENTAL AND THE LOCAL CIVIL REGISTRAR OF THE MUNICIPALITY OF TUDELA, PROVINCE OF MISAMIS OCCIDENTAL, Respondents. x-------------------------------------------------/ ORDER This is a Second Amended Petition for Cancellation and Confirmation of the Late Registration of Michael Angelo Acbayan Caermare’s Certificate of Live Birth, herein represented by Anne Marie T. Caermare, alleging among others, that Michael Angelo Caermare was born out of wedlock on September 29, 1983 at Tudela, Misamis Occidental; that the fact of his birth was first registered with the Local Civil Registrar (LCR) of Tagoloan , Misamis Oriental, by a relative of his mother without the knowledge of his parents; that unware of the previous registration, petitioner’s mother, caused the second registration of petitioner’s birth at the local Civil Registrar of Tudela, Misamis Occidental; that recently, petitioner and his parents discovered the existence of the Certificate of Live Birth registered with the LCR of Tagoloan, Misamis Oriental , when they tried to secure an authenticated copy of petitioner’s Certificate of Live Birth from the National Statistics Office. Thus, this Petition. This Amended Petition will be called for initial hearing on September 18, 2015, at 8:30 o’clock in the morning, during which the jurisdictional requirements of publication, posting and notice to all persons who have interest which would be affected by this petition, will be proved. At the expense of the Petitioner, let this Order be published once a week for three (3) consecutive weeks in a newspaper of general circulation in the City of Cagayan de Oro, and in the province of Misamis Oriental. Further, let this Order, together with copies of the Amended Petition and its annexes, be posted before the initial hearing in the Bulletin Boards of this Court, City Hall of Cagayan de Oro City, Provincial Capitol of Misamis Oriental, and the Barangay Hall of the Barangay where the Petitioner is residing. Any interested person may, within fifteen (15) days from notice hereof, file an Opposition to the Amended Petition. Let a copy each of this Order be furnished to the Petitioner, Atty. Roy I. Macua, Office of the Solicitor General, Local Civil Registrar of Tudela, Misamis Occidental, Municipal Civil Registrar of Tagoloan, Misamis Oriental and the Local Civil Registrar of Misamis Oriental. SO ORDERD. ISSUED this 27th day of July, 2015, at Cagayan de Oro City, Philippines.

(Sgd) HENRY B. DAMASING Presiding Judge

BWM: Aug. 12, 19 & 26, 2015


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wednesday|august 12, 2015

BusinessWeek Mindanao (August 12, 2015)  

BusinessWeek Mindanao (August 12, 2015)

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