BusinessWeek Mindanao (August 13, 2014) by Mindanao Daily News

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Volume V, No. 29

Market Indicators

As of 6:12 pm August 12, 2014 (Tuesday)

FOREX

PHISIX

US$1 = P43.84

6,983.49 points

2 cents

X X Briefly 26.83 cents

NFA execs sued POLICE has filed graft charges against two National Food Authority officials in Agusan del Sur province over the disappearance of 1,600 sacks of NFA rice from an NFA warehouse in Bayugan City. The Philippine National Police’s Criminal Investigation and Detection Group said the disappearance of the rice was discovered on July 18. Charged were warehouse supervisor Melvin Pacaña and provincial manager Gil Tabor, who CIDG head Director Benjamin Magalong said had admitted to the questionable release of NFA rice from the warehouse. An inventory completed last July 22 showed a shortage of 1,890 sacks of NFA rice.

Prices of rice TANDAG City – The price in commercial rice has started to go down in Surigao del Sur, according to Gleen Echin, Officer-In-Charge (OIC) provincial manager of the National Food Authority (NFA) here. Based on the latest monitoring conducted, a P2.00 drop was noted in the prevailing commercial retail prices. Last week, the price per kilo of regular-milled rice (RMR) variety, as contained in a report transmitted to Caraga regional office, was recorded at P40.00 as compared to P42.00 during the previous week. Echin attributed this positive development to what has been termed as “flooding” the market of rice supply which was resorted to since last month, making the allowable withdrawal of NFA rice for all Bigasan sa Palengke (BSP) outlets here at a maximum of 175 bags per week.

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MSMEs gab to focus on funds, market access By JUDY G. QUIROS Philippine News Agency

Davao strengthens economy a year after storm Pablo

CCESS to financing and markets are leading issues that will be discussed in the two-day Micro Small Medium Enterprises (MSMEs) Summit on August 20 and 21 at the SMX Convention Center in Davao City.

Mary Ann Montemayor, chair of the MSME Development Council said these concerns are important to ensure that MSMEs could cope with the challenges of the upcoming ASEAN integration by 2015. “Access to finance and access to markets are not actually a problem but these issues have to be tackled and discussed thoroughly because we want to make sure the MSMEs will not be left out once the ASEAN integration starts,” Montemayor said in an interview. She said there is a need to intensify the markets for the MSMEs and the quality of their products further improved at exportable levels. She also said other issues and concerns will be raised at the summit to support Mindanao’s image as the food basket in the Philippines. Other co-located events to complement this tag will also be held at the sidelines among msme/PAGE 11

By CARINA L. CAYON Contributor

LIVING ON GOLD. Jasper Penales, who is a polio victim, makes a living by working as a goldsmith at the public market in Kidapawan City. A graduate of information technology, he decided to continue the work of his paralyzed father. mindanews photo by geonarri solmerano

Special task force to oversee Lanao Sur ailing power coop By JOHANIAH N. YUSOPH, Contributor

M A R AW I C it y - - T h e government has created a special task force to oversee the management of the Lanao del Sur Electric Cooperative (LASURECO). Secretary Jericho Petilla of the Department of Energy (DOE) said the Task Force LASURECO was organized based on Memorandum Circular No. 65 issued by the Office of the President creating an inter-agency committee (IAC) to oversee electrification programs and proj e c ts involving distribution utilities in the

country. The task force, chaired by Energy Assistant Secretary Matanog Mapandi with 103rd Brigade Commander Col. Glen Macasero and Police Chief Supt. Edgardo Inking as co-chairs, will take over the management of LASURECO to solve the power problem in the province. Petilla said the power problem in Lanao del Sur has been lingering for so many years already and the government have not forgotten it. “It may have taken some time, but we want

to come here with a solution for all of you,” he said during the task force meeting with local chief executives and other stakeholders in the province Thursday, August 7. He said the government is neutral in solving the power problem in Lanao. “We are not t r y ing to undermine anyone here. We are not trying to undermine LASURECO and we are not also trying to undermine the local government units. Kung merun man pong problema ang dalawa, ang pagpasok namin dito ay hindi papanig oversee/PAGE 11

DAVAO City -- After over a year super typhoon Pablo brought severe devastation to the provinces of Davao Oriental and Compostela Valley last year, Davao Region has so far recovered well and has managed to improve its economy. In a recent report of the National Economic and Development Authority and the Philippine Statistics Aut hor it y, t he reg ion’s economic performance has expanded by 6.8 percent based on its Gross Regional Domestic Product (GRDP) which had a growth forecast of 5.6 percent in 2013. N E DA- 1 1 r e g i o n a l director Ma. Lourdes D. Lim said the growth was a remarkable achievement for the region. “The 2013 GRDP estimates are a confirmation that Davao Region is truly resilient and that Dabawenyos have the capacity to recovery quickly from calamities and to rise above difficult challenges,” she stated. Davao Region’s total production of goods and s er vices was va lue d at PhP258.5 billion in 2013, Lim bared in a recent media conference on the region’s 2013 economic performance report. after/PAGE 11

2MW waste-to- power plant eyed in Tagum THE Mindanao area can expect additional capacity in 2015 as Metro Pacific Investment Corporation (MPIC) targets to operate initially a 2-megawatt (MW) renewable energy plant in Tagum City in Davao del Norte.

MPIC President and Chief Executive Officer Jose Ma. K. Lim, in a briefing Tuesday, said the project will cost about P600-700 million and is also expected to produce at least 10,000 liters of biodiesel daily ”Detail designs has been

done,” he said noting that construction of the power plant is expected to start in the latter part of 2014 and will last for about six months. He said the power plant will be constructed beside a landfill where the wastes plant/PAGE 11

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Economy

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Valencia heightens bottom-up budgeting implementation By ANA CELESTE W. FELISILDA, Contributor

VALENCIA City — In pursuit of attaining the government’s goal of poverty reduction and inclusive growth, Valencia city government pushed for speedy implementation of the Grassroots Participatory

Budgeting Process (GPBP) projects, describing the new budget strategy as the most effective way to cut red tape to prevent wastage of public funds. City mayor Azucena

P. Huervas said the GPBP, previously known as BottomUp - B u d g e t i n g ( B u B ) , originates from the actual needs of the people, thus insuring that funds are spent wisely for priority projects. She said Valencia City was a recipient of more than P37 million grants from various national agencies to fund implementation of 26 poverty reduction projects identified by Civil Society Organizations (CSOs) in 2013. Another P46 million grant was approved for release in 2014, which is intended to fund the approved additional 31 priority projects focused on livelihood, skills training for out-of-school youths and persons with disabilities, water supply improvement, health and social services delivery enhancement, and other similar projects aimed to curb poverty incidence in the city of Valencia, Huervas said.

To e n s u r e f u l l implementation of P46million projects, Valencia local government unit (LGU) allocated P18 million as minimum required equity. Positive results of GPBP funded projects are gradually showing and felt by grassroots beneficiaries. These shall be more evident in the coming years when all of the 2013 and 2014 projects are fully implemented, the mayor said. Meanwhile, the Local Poverty Reduction Action Team (LPRAT), created thru an executive order, shall oversee the implementation and monitoring of all GPBP projects to ensure prompt and accurate delivery of services to target beneficiaries. As an effective approach to attain the Millennium Development Goal (MDG) of eradicating extreme poverty and hunger from which the Philippine Development Plan is anchored, GPBP also encourages LGUs to

improve performance in the fields of governance, financial housekeeping, peace and order, disaster preparedness, environmental protection and all other performance areas in order to qualify as beneficiaries/recipients of the GPBP grants. More importantly, the additional funding support provided by this poverty reduction program is a big help especially among Internal Revenue Allotment (IR A) dep endent lo ca l government units like the city of Valencia, which is now

striving to implement more projects for the deprived and poorest of the poor among the disadvantaged communities. “Hence, officials along with the CSOs in the city of Valencia sincerely hope that the GPBP shall be sustained in the coming years. This is a genuine call to all national officials to continue supporting bottomup planning and budgeting programs such as GPBP to attain the shared goal of eliminating poverty in the country,” the mayor said.

ARMM unveils Islamic ruling on TB M A R AW I C it y - - T h e Department of Health in the Autonomous Region in Muslim Mindanao (DOHARMM) has enlisted the help of Muslim religious leaders and scholars in the fight against tuberculosis (TB). The agency formally

unveiled a religious edict or Fatwa (Islamic ruling) on TB that was crafted in partnership with the Darul Iftah (House of Opinion), the association of Ulamas (Islamic scholars) in the country. ruling/PAGE 9

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Smart announces Higalaay: Kagay-an Festival mobile phone photo competition CAGAYAN DE ORO CITY -Capture great moments using your mobile phone at the Higalaay: Kagay-an Festival and win awesome prizes with the Smart Prepaid ‘Live All Out’ Mobile Photography Contest. Organized by wireless s e r v i c e s l e a d e r, Sm ar t C om mu n i c at i on s , In c . (Smart), the contest is open to all Smart subscribers attending the annual Kagay-

an Festival in Cagayan de Oro. Subscribers simply need to register to join the competition by sending to 09483309332 the following information: name, name of school or company, and e-mail address. Photos taken with your mobile phone must be uploaded to your Facebook account with the hashtags #SmartKagayan, # Sm ar t L ive A l l O ut an d

#HigalaayCdo. Deadline for uploading of photos is on August 28, 2014, 11:59 PM. The best photos from five categories will be awarded special prizes, and the Best Higalaay: Kagay-an Festival photo will win a brand new Nokia Lumia 1020 smartphone. Other prizes include a Fujifilm Instax Mini 8 Camera, and other camera phone accessories to enhance

your mobile photography experience. To prepare Kagay-anons for the contest, Smart recently organized a series of Mobile Photography seminars in CDO, with several local photographers from CDO and Iligan. Froilan Gallardo, an award-winning photojournalist, was one of the speakers in the first run and covered topics on

composition and the language of the image. He observes how quickly mobile phone photography has evolved recently. “From snapshots to breaking news photos, and everywhere in between, mobile phone photography has advanced rapidly in a few short years. The phone camera has become your best camera, because it’s always with you.” Bobby Timonera, who will speak on Festival Photography during the second session on August 16, agrees with his Mindanews colleague, and cites the main advantage of the mobile phone camera: “The best camera in the world is the one you have with you. That’s the beauty of the mobile phone.” Photographer and artist Fourth Legara, also shared tips on how to make the most of your mobile phone for photography. As a photoblogger, he has this to say, “Mobile photography gave me easier and faster access to social media. I am able to take and share photos even at times when I can’t

use a DSLR to do the job.” He shares that in terms of uploads, mobile phones, particularly the iPhone, have now become more popular than DSLRs in the Flickr community. iPhone photography, or iPhoneography, is what we d d i ng photo g r aphe r Armand Ansaldo will talk about during the second session. “I like shooting with my iPhone because it allows me to instantly share online, beautiful images and what I visually experienced at that moment,” he shares. Although he has conducted lectures on wedding photography, this is the first time he will speak specifically about iPhoneography. The last session of the seminar series will be held at Primavera Residences on August 16, 2014, at 2 PM. The seminars were organized to encourage the use of mobile phone cameras for photography and help mobile phone users improve the quality of their photos, especially for the upcoming Festival celebrations.

[CAGAYAN DE ORO] Participant checks out her mobile phone’s camera settings during Smart’s Mobile Photography Seminar held this month. Speakers Froilan Gallardo and Fourth Legara shared tips on how to improve photos taken with their mobile phones.

[CAGAYAN DE ORO] Photographer and artist Fourth Legara, shares tips on mobile phone photography to bloggers and photography enthusiasts during Smart’s Mobile Photography Seminar held this month. Photojournalist Froilan Gallardo also talked about composition and the language of the image.

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CorporateWorld

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5 One-time gain lifts Megaworld’s net profit by 289% in first half MEGAWORLD Corp. has expressed confidence that it will sustain its growth momentum, after reporting a 289% increase in first half net profit, which featured broad-based growth across all business units as well as a non-recurring gain.

In a disclosure to the Philippine Stock Exchange, the firm said its first half profit was boosted by the P11.62-billion non-recurring gain from the swap of its stake in Travellers International Hotel Group for the shares of Alliance Global Group,

Inc. in Global Estate Resorts Inc. Megaworld said earnings also grew due to strong residential sales in its various townships and higher leasing income from its office and

retail portfolio. “I am confident that Megaworld can sustain its core growth momentum as we continuously expand all business segments in our townships across the

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country,” said Megaworld chairman Dr. Andrew L. Tan. Megaworld’s rental income from office developments and lifestyle malls surged to a record P3.44 billion in first half 2014, 22 percent

higher than P2.83 billion same period in 2013. To t a l r e v e n u e s o f Megaworld, together with its subsidiaries Global Estate Resorts Inc., Empire East megaworld/PAGE 9

Double-digit growth across businesses lifts Ayala Land’s first half bottom line AYALA Land Inc (ALI) expects to grow by at least a fifth in the next three to five years, as the property developer plans to put off any fundraising until early next year. In a briefing yesterday, ALI president and chief executive officer Bernard Vincent O. Dy said its growth outlook is a result of its geographic expansion and wider portfolio of product offerings catering to various market segments. With that, ALI is confident of chalking up annual growth rates in the “20-percent range” should the Philippine e conomic env ironment sustain its high-growth trajectory. “Our sense is if the e conomic env ironment continues to be similar to what we’re experiencing right now, we’ll continue to have

fairly good growth rates in the next three to five years,” Dy said. The Ayala Group’s real estate arm reported increasing its net income by a fourth to P7.1 billion in the first half of this year from P5.6 billion in 2013 due to the double-digit expansion of its property development, commercial leasing, hotels and resorts, and property management businesses. Postpone fundraising Despite the recent move of the Bangko Sentral ng Pilipinas to hike policy rates by 25 basis points, ALI sees no rush to raise funds so it can maximize its system-wide cash balance of P49 billion. ALI has yet to place P7 billion from an approved P15-billion bond sale and P3 billion from a proposed ayala/PAGE 9

HEALTH CHECK. Having their regular medical check-up is now possible for indigent people from Brgy. Camagong in Nasipit, Agusan del Norte (ADN) and from Barangays San Roque, San Juan and Anislagan in Compostela Valley. Last June, Therma Marine together with its partners: Agusan del Norte and Compostela Valley Provincial Health and Admin Office, Davao Jubilee Foundation, barangay officials and health workers, and the medical team of Rural Health Unit respectively conducted their annual medical mission. Almost 900 indigent people were provided aid through free medical consultation, distribution of non-prescription medicines, hearing tests, dental and eye check-up with free reading glasses and other health-related examinations. (Photo Provided)

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Be Like A Bee

hink a minute…Have you ever wondered if there is a specific place and purpose for you in life? In the world of honeybees, each bee has a very specific, important job. There is the queen bee who rules. Then the other 50,000-80,000 bees in the hive are divided into groups, each with their own important purpose. For example, the hunter bees collect food and bring it to the hive. The guard bees protect the beehive. The repair bees make a kind of cement to fix and repair the hive. And the list of bee groups and jobs goes on and on. Quite amazing! Millions of people in the world dream about the beautiful islands of Asia and the Pacific. Our white, sandy beaches and blue Pacific waters. They see picture postcards of our lush green jungles, waterfalls, and sleepy villages, not to mention breathtaking sunsets. Believe it or not, many people in the world think we have ver y nice “beehives!” Yet, have you found your own place and purpose in life? Or are you still waking up every morning wondering what you’re going to do in life? You see, just as God knew exactly what He was doing when He created

THINK

A Minute

By Jhan Tiafau Hurst

beehives with a special place and purpose for each tiny little bee, how much more did He know what He was doing when He designed and created you with an important plan for your life. But until you ask Jesus Christ to take complete charge of your life everyday, you can never have the satisfaction and peace of knowing what you can do in life. Only Jesus can show you how to find and fill your rightful place in this world, so you can get all the happiness and success out of your life. He will show you the unique, special person you are and how to fully use the personality and abilities He’s given you. So why not ask Jesus to take full control and start changing your life today, and for the rest of your life? Just Think a Minute…

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Companies Should Share Profits

ollowing the higher credit rating the country got from Standard and Poor’s, a lawmaker proposed that all business establishments should institutionalize profit sharing so the economic improvement will trickle down to daily wage earners. This proposed profitsharing program would be derived from the net profit made by all companies, r at h e r t h a n i n c re a s i n g the minimum daily wage which may not be feasible at this time according to proponents. The proposal seeks to help people to benefit from the economic improvement by making sure it trickles down to daily wage earners. “ It might have

editorial more far-reaching effects on laborers and workers, and would encourage them to work harder for the successful operation of their companies,” proponent Rep. Lito Atienza of Manila, said. While the S&P credit rating upgrade is a welcome development as far the country’s overall economic growth is concerned, poverty still prevails among a majority of Filipinos who have yet to feel the effects of this improvement in their everyday lives. Last May, the country

received its highest credit rating in histor y in recognition of the reforms undertaken by the administration. S&P gave the country a fresh rating upgrade for its long-term peso and dollar bonds. S&P raised the country’s former rating of “BBB-” to “BBB,” one notch above minimum investment grade. In House Bill 4445 or the proposed “The Profit Sharing Act of 2014,” Atienza proposed that all business establishments that made a profit for a fiscal year shall annually distribute 10

percent of their net income to all their employees, both regular and contractual. The shared profit shall not affect the salary, 13th month pay and other benefits presently being enjoyed by the employees according to a bill now pending in Congress. The total amount given by the company through profit sharing would be Tax Creditable to the employee’s Income Tax Return (ITR). T h e bi l l i s l au d ab l e because it defines profit sharing as various incentive plans introduced by business that provide direct payments to employees which depend on the company’s profitability, in addition to salaries and bonuses.

PNoy’s Ratings to Slide Some More

IFE’S INSPIRATIONS: “… Do not be anxious about anything. But, in everything, by prayer and petition with thanksgiving, present your requests to God…” (Philippians 4:6, the Holy Bible). -ooo F I L I P I N O S ’ O N LY O P T IO N : O B EY G O D : Anot he r re a c t i on f rom M r. D a n t e O c h o a , a fraternity brother of mine from the University of the Philippines in Diliman, Quezon City: “All through my years I have come to believe that only a moral society can produce moral le adership. A s o ciet y cannot produce a political leader to provide moral leadership if it is not moral itself. “Jesus has proclaimed t hat C aes ar’s b elong to Caesar ; to God what is God’s and from then on e v e n C h r i s t i an s pre fe r pragmatic political leadership over moral leadership because people’s judgment of leadership i s h e re an d n ow w h i l e judgment of morality is in the hereafter. “Filipinos being devout Christians believe in the h e r e a f t e r. S o t h e y a r e willing to take a chance on the here and now and worry about the hereafter which to many may not even be there. Filipinos’ option: it can only follow God’s teachings to guide their

political decisions because a political leadership is by nature self-ser ving and may not be able to offer the people a moral and selfless choice and of course the truth… Thank you! Dante ‘66…” -ooo SUICIDES AND LACK OF BIBLE READING: Did you notice that committing suicide is now becoming frequent not only in the Philippines but in other countries as well? The latest suicide was no other than American comedian and actor Robin Williams. In all of these cases, depression a n d o t h e r m e nt a l a n d emotional disturbance and problems are being cited as the root causes why a person decides to kill himself or herself. Pardon my saying this but, if only people read the Bible more conscientiously, then they would become m ore p o s it i v e i n t h e i r thoughts and in their out l o ok , an d t h e re fore av o i d b e i n g d e p re s s e d and suicide-prone. For example, Proverbs 3:5 tells us that we should trust in the Lord with all our hearts and that we should not lean on our own understanding of things. T h e n , Je s u s C h r i s t , our God and Savior, said in Matthew 6:27: “Who among you by worrying can add a single hour to your life?” Jesus also told us not

to worr y about our life, about tomorrow, and about the things we need (see Matthew 6:25-32). Instead, Jesus said we should seek first the kingdom of God and live according to His righteousness, and all t h i ng s w i l l b e g ive n to us. In Philippians 4:6, we are told to pray, instead of worry. -ooo P N O Y ’ S R AT I N G S TO SLIDE SOME MORE: It seems Malacanang is getting hurt by the results of the sur vey questions which we ask our listeners at the DZEC 1062 kHz daily 6 a.m. program “Tambalang Batas at Somintac”. Some feelers are being sent to me and, apparently, even to my co-host, Vic Somintac, to question the results as lopsided against President Aquino and his officials. We wish to assure the Office of the President that the results are genuine, an d are b a s e d on l y on what our listeners have b e e n te x t i ng to us . We read the text messages as they come, without regard to whether or not they are against or are for Aquino. Unlike press releases from the Palace, the results of our surveys are truthful, and ref lect the people’s voice all the time. And truthful was the result of the survey we did on Tuesday, August 12, 2014, with the question,

K akampi

Mo A ng Batas

By Atty. Batas Mauricio

“Can President Aquino still recover from his greatlydiminishing popularity?”, where 100% of those who responded said they b elieved Aquino will continue to lose popularity in the days to come, unless h e b e c om e s s i n c e re i n h i s “g o o d g ov e r n a n c e” program. Ok? -ooo REMINDERS: Please tune in: “Tambalang Batas at Somintac”, at 1062 kHz on the AM band, Mondays to Fridays, at 6 a.m., simulcast, real time, over 1080 kHz in Dagupan City, 7 1 1 k Hz i n Na g a C it y, 1260 kHz in Lucena City, 1224 kHz in Davao City, and worldwide, at www. eaglenews.ph; “Kakampi Mo Ang Batas”, at 103.7 mHz in Don Carlos, Bu k i d n on , Mond ay s to Fr i d ay s , at 7 a . m . ; and “Kakampi Mo Ang Batas” at 801 kHz on the AM band (Panay Island), Mondays to Fridays, at 10 a.m.

“People are definitely a company’s greatest asset. It doesn’t make any difference whether the product is cars or cosmetics. A company is only as good as the people it keeps.” ~Mary Kay Ash

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Best deals at Primavera Residences’ grand bazaar and August Rush promo

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3 DAY SALE AT SM Catch the biggest and grandest sale at SM City Cagayan de Oro on August 15, 16 and 17 and avail up to 70% off on great selections mall wide. Plus, get a chance to win a Suzuki Ertiga in the grand raffle draw on August 17 at 10pm. For every P 1000 single or accumulated purchase, within the promo period from The SM Store, SM Supermarket or any participating mall establishment, a shopper can claim one (1) raffle coupon while a moviegoer can get one (1) raffle coupon with every single purchase of four (4) cinema tickets. SM Advantage, SM Prestige, and BDO Rewards card holders can take extra 10% off during the first 2 hours at The SM Store, Ace Hardware, Our Home, Adidas, Surplus and Toy Kingdom on August 15. What’s more? Get a chance to win a Samsung Galaxy S5 with Globe Prepaid for every P 2,000 single receipt purchase from The SM Store. Aside from all these exciting prizes to be given away, shoppers will be treated to an afternoon of fun-filled activities such as the Campus Music Fest on August 15, 5pm and the Dance for Life event on August 16, 5pm. All these and more are happening only at SM City Cagayan de Oro on Au-

gust 15 to 17!

Cagayan de Oro City, Misamis Oriental (August 11, 2014) – Looking for the best deals in town? Come to Primavera Residences’ Fiesta sa Primavera Grand Bazaar on August 16. Primavera Residences, a multi-awarded green condo complex located within the Pueblo de Oro Business Park, is holding a bazaar at its ground floor from 2PM until 9PM. Entrance is free. This event is in conjunction with the city’s fiesta celebration of Higalaay: Kagay-an Festival 2014. Select shops and brands will be setting up booths at the property. Shoppers can choose from various products including food items, clothing, accessories and even fresh produce at affordable prices. Aside from the bazaar, home buyers can also take advantage of Primavera Residences’

August Rush promo. The promo entitles property buyers of discounts of up to P50,000 when they visit the Primavera Sales Office from August 12 to 30. Primavera Residences is a twin tower, 10-storey condo development in Uptown Cagayan de Oro offering residential, commercial and office spaces for rent and purchase. All units at Tower 1 are ready for occupancy. The building’s Tower 2 is slated for completion later this year. The property is located within the Pueblo de Oro Business Park, a flood-free zone situated at 110 meters above sea level. Primavera Residences is the first eco-friendly condo complex in Cagayan de Oro. Its energy-saving and energy-producing features include ledges on its exterior walls that provide shade and

minimize the amount of direct sunlight hitting the windows, and an inner courtyard that regulates the natural ventilation across the units. This heat reduction features enable residents to save up to 32% on airconditioning cost. Soon, Primavera Residences will also be fitted with photovoltaic solar panels on the rooftop allowing the building to produce its own energy to power the building’s common areas. The property recently won in the 2014-2015 Asia Pacific Property Awards held in Kuala Lumpur for Best MixedUse Development in the Philippines. For inquiries about events or available units at Primavera Residences, call (088) 310-8173, 09177921078 or visit www. primaveraresidences. com.

The Last Home Stand

XUHS BATCH 2004 THE ROAD TO FINALS

ABA Basketball Summer League (Alumni Basketball Association)first history made by the batch and won the championship title Last July 20,2014 held at Macasandig gym against KHS (Kong Hua School).Captain ball: Xandrex Brito, Co-Captain: John Acero, Governor: Dudz Lagbas, Vice-Governor: Long Rubin.From left to right: Mark Tan-5,Carlo Mendiola,Jayson Macarat-7,Yohan Agustin-16,Darrell Dadia-29,Jun Diputado-20,Xandrex Brito-4,Ivan Lagbas-10,John Acero-15,Long Rubin-2,Ramel Carvero-28,Francis Pascual,Paulo Diputado-11,Bryan Brana-3,Mark Barba17,Antonio Almirante III-18. The New MVP of the year John Acero . Contributor and Photo by: SHERYL SABANAL,AB MASS COMMUNICATION-STC

RADIO PROGRAMS AND PRE-MEMBERSHIP EDUCATION SEMINARS Information Education Campaign (IEC)

Radio Program: “ Takna sa FIBECO” Schedule Duration > Radyo ni Juan Every Monday, 10:00 AM - 11:00 AM one hour > Radyo Abante Every Wednesday, 9:00 AM - 10:00 AM one hour > Radyo Natin-Maramag Every Thursday, 11:00 AM - 12:00 NN one hour > Radyo Ukay Every Friday, 8:30 AM - 9:00 AM 30 minutes > Radyo Bandilyo (hook-up) Every Friday, 8:30 AM - 9:00 AM 30 minutes > Spider Radio - FM Every Saturday, 8:00 AM - 9:00 AM one hour Pre-Membership Education Seminars > FIBECO Main Office Every Tuesday, 9:00 AM to 11:30 AM > Hagkol FIBECO Collection Center Every Tuesday, 9:00 AM to 11:30 AM > San Fernando Collection Center Every Second Friday, 9:00 AM to 11:30 AM > Quezon Collection Center Every First & Third Thursday, 9:00 AM to 11:30 AM > Kalilangan FIBECO Sub-office Every First Wednesday, 9:00 AM to 11:30 AM > Wao Collection Center Every Second Wednesday, 9:00 AM to 11:30 AM > Don Carlos Sub-office Every Wednesday, 9:00 AM to 11:30 AM > Kibawe Sub-office Every First Friday, 9:00 AM to 11:30 AM > Kadingilan Collection Center Every Second Thursday, 9:00 AM to 11:30 AM

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Environment

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 Editor: Cheng Ordoñez

Info drive on Oro’s environment fee law pushed CAGAYAN DE ORO CITY – The city government is already collecting environment fees for use of plastic bags in big malls, said city treasurer Glenn Banez during the meeting of the City Council committee on finance and ways and means, August 5. This is in line with the implementation of Ordinance No. 12440-2012, which regulates the distribution of single-use plastic carryout bags and requires retail establishments to collect a pass-through charge from customers requesting single-

use plastic carryout bags. The city treasurer said in a few months or next year the ordinance will also be implemented in other establishments. The committee, chaired by councilor President Elipe, invited the city treasurer to attend the meeting in response to the letter of a proprietor regarding the alleged “urgent demand” by employees of the City Treasurer’s Office to collect the fine imposed for violation of the ordinance. The city treasurer said no such instruction was given

as it has been agreed that an information drive will first be conducted, as requested by councilor Elipe weeks ago. The councilor proposed that 2014 be allotted for the campaign before its full implementation in 2015. “Tell us what we can do in the City Council,” said councilor Elipe. It was recommended that common posters and signages be placed in establishments for the information of the public. PROCEEDS The ordinance provides

that the proceeds of the passthrough charge or plastic carryout bag fee shall be held in trust by the retail store and remitted to the executive board created by the city mayor. Councilor Elipe stressed that the ordinance is meant to discourage the use of plastic bags, which are environmentally hazardous. He s aid if t here is no collection from environment fees since no plastic bag was used, it would mean that the campaign is a success. He said establishments should not shoulder the pass-

through charge intended for customers as it will defeat the purpose of the ordinance. The ordinance aims to reduce the millions of singleuse carry out bags currently used in the shopping malls and stores in the city and to maintain and enhance natural resources by reducing the negative environmental impact of single-use carryout

bags. AMENDMENT In view of concerns that the use of paper bags for bread products could have chemical reactions, the committee endorsed to the committee on environment and natural resources chaired by Councilor Zaldy Ocon, the proposal to amend the ordinance.

Organic farming may help address climate change The Department of Agriculture (DA) urges farmers to practice organic farming to help mitigate the impact of climate change. “Organic agriculture works in harmony with nature rather than against it,” said DA-6 Regional Te chnica l Dire c tor Dr. Joy c e We n d a m du r i n g the 2nd Regional Organic Agriculture Summit Opening Program held Monday at the Iloilo Provincial Capitol. We n d a m s a i d t h a t organic farming involves using techniques to achieve good cropping yields without harming the natural environment or the people who live and work in it. She s ai d t hat goi ng organic brings a number of advantages including the promotion of the healthy use of soil, water, and air, as well as minimizing all forms of pollution. “Organic far ming also helps in developing and promoting the use of biotechnology in agriculture,” she stressed. She emphasized that agricultural products are handled with emphasis in careful processing methods in order to maintain the organic integrity and vital qualities of the products at all stages. She said that the rising concern about antibiotics and pesticide residues and the growing clamor for healthy and safe food are just two of the major reasons why there is a need to shift to organic farming. “There is also a bright and vast market potential for organic products that

f ar m e r s h e re c an t a ke advantage,” she said. In Western Visayas, a total of 11,692 hectares of land have been utilized for organic agriculture. The target for five years until 2016 is 33,345 hectares which is five percent of the 667,000 hectares total farming area in the region. The DA official said that there are 10,555 organic practitioners in Region 6 and these farmers mostly come from the province of Negros Occidental. Wendam also posed a challenge to the provinces of Iloilo, Aklan, Antique, Capiz, and Guimaras to increase the numb er of organic agriculture practitioners. “We are asking for your cooperation and assistance, most specially the local government units and the farmers to go organic because this promotes practices that develop resiliency to vulnerabilities due to climate change,” she said. Republic Act 10068 or the “Organic Agriculture Ac t of 2010 de clares promotion, propagation, further development, and implementation of the practice of organic agriculture in the Philippines. This will cumulatively condition and enrich the fertility of the soil, increase farm productivity, reduce pollution and destruction of the environment, prevent the depletion of natural resources, further protect t he he a lt h of f ar me rs , consumers, and the general public, and save on imported farm inputs. (JCM/LTP/PIA)

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Ruling... from page 2

ARMM Health Secretary Kadil Sinolinding Jr., said the Fatwa is their “coordinative strategy to hasten the bringing of right information, diagnosis and attitude towards tuberculosis.” The Fatwa encourages people suffering from symptoms of TB and those diagnosed with it to consult a doctor or any qualified health professionals and observe proper medication, citing certain Islamic injunctions and examples of Prophet Mohammad himself. It is intended to be propagated with the help of the Ulamas and other Muslim religious leaders in their khutbah (sermons) especially during congregational prayer on Fridays. Sinolinding said they recognize the strong influence of the Ulamas and other religious leaders. “Our people look up to them and tapping them in this campaign will merit trust among our Muslim constituents.” Based on its data, ARMM’s health department has managed to bring down TB cases in the region by as much as 60 percent from 4,275 in 2011 to 1,700 in 2012. Sinolinding said the fight against TB requires the support and active collaboration of stakeholders.

Megaworld... from page 5

Land Holdings and Suntrust Properties, amounted to P31.96 billion for the first half 2014, up 85

percent from P17.28 billion for the same period in 2013. Megaworld, and its subsidiaries, posted P47 billion in reservation sales in the first half 2014 which is 9 percent higher compared to the same period last year. Last June, Megaworld completed the consolidation of Tan’s real estate companies under Megaworld with the acquisition of the 49.2 percent stake of Alliance Global in GERI. This brings Megaworld’s stake in GERI to 80.4 percent and increases its total land bank to around 4,000 hectares. The Megaworld group has launched a total of 16 residential projects during the first half of 2014. Megaworld has launched 6 projects, Empire East launched 4 projects, Suntrust launched 5 projects, while GERI launched the Pahara Residential Village at Southwoods City. Megaworld is also set to further solidify its position as the leader in office developments in terms of total office space inventory by completing another 112,000 square meters of office spaces this year. By the end of 2014, the company will have around 712,000 square meters of office spaces in its portfolio with the completion of new state-of-the-art office towers. On the retail side, Megaworld is also set to complete additional commercial and retail spaces with the completion of the Venice Grand Canal Mall in McKinley Hill, and some commercial strips at The Mactan Newtown. Megaworld’s

existing commercial and retail space portfolio is currently at 304,083 square meters.

Ayala... from page 5

P5-billion offering of Homestarter Bonds. “We believe interest rates will still be reasonable so we’ll just postpone any further fundraising until early next year,” said ALI chief financial officer Jaime Ysmael. The low interest rate environment still bodes well for the company’s expansion plans, particularly its residential business. “Our shopping business is okay, consumption is still up. The same thing for BPOs, a lot of foreign companies are still looking at the Philippines to set up their BPO operations. We continue to roll out the Seda format. Across all fronts, we’re in expansion mode,” Dy said. ALI expects to “approximate or get close” to its target of rolling out 30,000 residential units for the entire 2014. In the first half, the property giant has launched roughly a fifth of its full-year target. “The plan is to launch. Depending on what we’re seeing in the market, then we’ll launch appropriately,” Dy said. Laying proper foundations In a disclosure to the Philippine Stock Exchange, ALI said revenues rose 26 percent to P46.2 billion in the first six months of this year from P36.6 billion last year. “We have been consistent

in the execution of our planned projects, and we are making sure that we continue to build integrated estates that will generate economic growth in more areas,” said Dy. The property development business registered revenues of P29.3 billion in the January to June period, 28 percent higher than the P22.80 billion reported in 2013. Revenues from this segment are derived from the sale of residential lots and units, office spaces, as well as commercial and industrial lots. Revenues from the residential business climbed 40 percent to P24.3 billion because of strong bookings and project completions across all residential brands, namely Ayala Land Premier, Alveo, Avida, Amaia and BellaVita. Sales take-up for ALI residential products hit an all-time high of P48.5 billion during the six-month period, equivalent to an average monthly sales take-up of P8.1 billion. “We are giving our commercial business a steady push with new offerings in retail, offices, hotels, and even healthcare. Apart from completing our estates by providing a balanced mix of places for work and leisure, it aligns us to our objective of creating business and employment opportunities for more people,” Dy said. ALI’s construction and property management companies generated combined revenues of P14.6 billion in the first semester, 39 percent higher than the P10.5 billion reported last year.

Republic of the Philippines REGIONAL TRIAL COURT 12TH Judicial Region Kapatagan, Lanao del Norte HEIRS OF SIMPAN UMPA, REP. BY CIVIL CASE NO. 21-427 SALONGA UMPA AND MIKE A. DAMAYO, Plaintiffs, FOR : REVIVAL OF JUDGEMENT - versusMILDRA MARTIN, Defendant x------------------------------------------/ ORDER With the record is an Ex-Parte Motion for Publication of the Decision dated July 6, 2014 and filed by the plaintiffs the following day praying that the decision in this case be published. Granted. WHEREFORE, the decision in this case is hereby ordered to be published in a newspaper of general circulation within the province of Lanao del Norte once in a week for three (3) consecutive weeks at the expense of the plaintiffs. SO ORDERED. July 18, 2014. (Sgd.) ALBERTO P. QUINTO Acting Presiding Judge REGIONAL TRIAL COURT OF LANAO DEL NORTE 12TH Judicial Region BRANCH 21 Kapatagan, Lanao del Norte HEIRS OF SIMPAN UMPA CIVIL CASE NO. 21-427 Represented by SALONGA FOR : REVIVAL OF JUDGMENT UMPA ; and MIKE A. DAMAYO Plaintiffs, - Versus- MILDRA MARTIN, Defendant x------------------------------------------/ EX-PARTE MOTION FOR PUBLICATION OF THE DECISION COME NOW PLAINTIFFS, in the above-entitled case unto the Honorable Court respectfully allege: 1. That the plaintiffs through Counsel received a copy of the Decision in the above- entitled case on June 20, 2014; 2. That there is a need of having to publish the said Decision considering that the Defendant was/is an absentee party who is living abroad, as reported by the process server. She was served with summons with copy of the complaint through publication; WHEREFORE, premises considered, it is respectfully prayed that the Decision in the above-entitled be published in accordance with the Rules, so that the same shall become final & executory. Iligan City, for kapatagan, Lanaoa del Norte, July 6, 2014. (Sgd.) MOISES G. DALISAY, JR. Counsel for Plaintiffs Attorneys Roll No. 22,284 0009,San Miguel Village Pala-o, Iligan City IBP O.R. No. 871544,Year 2014 Issued Jan.2, 2014; PTR O.R. No. 5404132,issued on Jan.7, 2014 At Iligan City MCLE V Compliance No. 0001110 Issued Nov.21, 2013 The Branch Clerk of Court RTC Branch 21, kapatagan Lanao del Norte Greetings: Please submitted the foregoing ex parte motion for consideration of the Honorable Court Immediately upon receipt hereof WITHOUT FURTHER ARGUMENT. (Sgd.) MOISES G. DALISAY,JR. Counsel for Plaintiffs Republic of the Philippines Supreme Court 12th Judicial Region REGIONAL TRIAL COURT OF LANAO DEL NORTE Branch 21 Kapatagan, Lanao del Norte HEIRS OF SIMPUAN UMPA, CIVIL CASE NO. 21-427 Represented by: SALONGA UMPA and MIKE A. DAMAYO, FOR : REVIVIAL OF Plaintiffs, JUDGMENT -VersusMILDRA MARTIN, Defendant, x-------------------------------------// DECISION

5th DIVISION MANCOM - VICE GOVERNOR JOEY G. PELAEZ attended the Management Committee Meeting (MANCOM) of the Department of Education (DepEd) Misamis Oriental Division last 6 August 2014 at the Grand Caprice Restaurant, Cagayan ed Oro City. During the MANCOM, Vice Governor Pelaez presented his various advocacies for the Province of Misamis Oriental. It will be recalled that Vice Governor Pelaez came from the DepEd National Office before joining the Provincial Government of Misamis Oriental. Currently, Vice Governor Pelaez is the Chairman of the Committee on Education of the Sangguniang Panlalawigan. sp communications

In the case of The Heirs of Simpan Umpa, Represented by Salonga Umpa vs. Mildra Martin, Civil Case No. 21-88 and filed with this Court, a Decision was then rendered, dated Novemebr 13, 1998, the fallo of which reads: “WHEREFORE, premises considered ,judgment is hereby rendered in favor of the plaintiffs and against the defendant as follows: 1. Declaring the plaintiffs, heirs of Simpan Umpa, as the owners and, therefore, entitled to the possession of the subject parcel of land containing an area of about 2.4 hectares located at Magpatao, Lala, Lanao del Norte; 2. Ordering the defendant to reconvey to plaintiffs the subject land now covered by OCT No. P-9526 which was issued in the name of the defendant; 3. Ordering defendant to pay plaintiffs the amounts of Thirty Thousand Pesos ( P30,000.00) as attorney’s fees and expenses of litigation; and 4. To pay the costs of suits.” On April 28, 2005, an Entry of Judgment was issued. Plaintiffs, however, did not file a motion for execution of the afore-quoted Judgment within the reglementary period of five years from the issuance of the entry of judgment. On August 2, 2013, or after eight years from entry thereof, this Action was instituted based on Section 6, Rule 39 of the Rules of Court which provides that: “ Sec. 6. Execution by motion or by Independent action. -- A final and executory judgment or order may be executed on motion within five (5) days from the date of its entry. After the lapse of such time, and before it is barred by the statute of limitations, a judgment may be enforced by action. The revived judgment may also be enforced by motion within five (5) years from the date of its entry and thereafter by action before it is barred by the statute of limitations. (6a)” After complying with the jurisdictional requirements, an ex-parte hearing was had on April 4, 2014 where the Plaintiffs’ representative testified on the fact that she was the representative of the Plaintiffs in case of The Heirs of Simpan Umpa, Represented by Salonga Umpa vs. Mildra Martin, docketed as Civil Case No. 21-88 and filed with this Court, and a Decision was then rendered, dated November 13, 1998; that said Decision was not executed within the reglementary period; and that this action for revival was filed within the reglementary period. Going over the evidence, the Plaintiffs were able to establish their cause of action for revival of judgment , hence, entitling the Plaintiffs to the main reliefs being prayed for. This Court, however , will not grant the other reliefs which were not the subject of the fallo of the Decision sought to be revived. This is in accord with the pronouncement in the case of Heirs of Numeriano Miranda vs. Pablo Mirandoa where it was held that: “An action for revival of a judgment cannot modify, alter, or reverse the original judgment, which is already final and executory.” WHEREFORE, based on the foregoing, judgment is hereby rendered, reviving the Decesion, dated November 13, 1998 in The Heirs of Simpan Umpa, Represented by Salonga Umpa vs. Mildra Martin, docketed as Civil Case No. 21-88, which reads: “WHEREFORE, premises considered, judgment is hereby in favor of the plaintiffs and against the defendant as follows: 5. Declaring the plaintiffs, heirs of Simpan Umpa, as the owners and, therefore, entitled to the possession of the subject parcel of land containing an area of about 2.4 hectares located at Magpatao, Lala, Lanao del Norte. 6. Ordering defendant to reconvey to plaintiffs the subjects land now covered by OCT No. P-9526 which was issued in the name of the defendant; 7. Ordering defendant to pay plaintiffs the amounts of Thirty Thousand Pesos ( P 30,000.00) as attorney’s fees and expenses of litigation; and 8. To pay the costs of suits.” SO ORDERD. Kapatagan, Lanao del Norte, Philippines. June 13, 2014. (Sgd.) ALBERTO P. QUINTO Acting Presiding Judge BWM: July 30, August 6 & 13, 2014

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Arts&Culture

Golez pays tribute to musical genius I

nternationally-acclaimed piano virtuoso, Rudolf Pelaez Golez, performs the music of one of the geniuses of music, Polish composer Frederic Chopin (1810-1849) through a one-night only concert at the Rodelsa Hall, August 9. Rodelsa Hall is the Liceo de Cagayan University’s home of the performing arts. The all-Chopin program of Rudolf Golez featured the great composer’s 24 Etudes, Opus 10 & Opus 25. The first group of twelve etudes in Opus 10 was composed by Chopin while he was in his teens (between

1829 and 1832) and published a year after in France, Germany, and England. This Opus was dedicated to his good friend and also one of classical music’s greatest, Franz Liszt. The next group of twelve Études of Opus 25 were composed at various times between 1832 and 1836, and were published in the same countries also a year after. Rudolf Golez is currently finishing his degree in Doctor of Music at the Philippine Women’s University College of Music in Manila, and is currently the Vice President for Cultural Affairs of Liceo de

Cagayan University and Dean of College of Music of the same institution. He recently had a string of successful performances in Manila and Cebu. He collaborated with Taiwan-based Filipino cellist Victor Coo in “Duetto” at the Insular Life Auditorium inAlabang and with Fil-am young Violinist Bradley Bascon in a packed concert at Rodelsa Hall last July 31. To know more about Rodelsa Hall shows please call (088) 8584093 to 95 local 109 or text/call 09177222479/09989612102.

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NCCA calls for project proposals from Northern Mindanao by JASPER MARIE OBLINA-RUCAT, PIA-10

he National Commission for Culture and the Arts (NCCA) calls on all cultural and art groups, academic institutions, local arts organizations, non-government organizations involved in culture and arts from Northern Mindanao to submit project proposals for the NCCA Competitive Grants Program for 2015. Mylene Urriza of the NCCA Subcommission on the Arts during a press conference in Cagayan de Oro City today said that their priority projects for 2015 are defined by 19 national committees. These are under the four subcomissions which are National Committees on Architecture and Allied Arts, Cinema, Dance, Dramatic Arts, Literary Arts, Music and Visual Arts; Northern, Central and Southern Cultural Communities of the Subcommission on Cultural Communities and Traditional Arts. Meanwhile, there are also the National Committees on Archives, Art Galleries, Libraries and Information Services, Historical Research, Monuments and Sites, Mueseums under the Subcommission on Cultural Heritage; and under the Subcommission on Cultural Dissemination, the National Committees on Cultural Education, Communication and language Translation. Urriza said that about 200 proposals have already been submitted in their office but clarified that this is a competitive grant wherein there is a thorough selection in terms of content and if the proposal has relevance in the community and can be presented on a national level, among others. Charles Salazar, Subcommission on Culture Heritage said that they are here in Cagayan de Oro to encourage project proposals from Mindanao. He said that Luzon cannot only be the source of proposals in the country. Further, they would like to target other parts of the country as they are equally rich with culture and arts as well. Further, projects to be funded must capture the aspiration of the arts and culture community with the NCCA’s vision for the 21st century with the theme, “Filipino culture as the wellspring of national and global well-being.” Further, projects must also establish culture as pillar of sustainable development, advance creativity and diversity of artistic expression and promote a strong sense of nationhood and pride in being Filipino through culture and arts. Interested individuals or groups can avail of NCCA assistance by submitting a project proposal under the NCCA Competitive Grants, or file a request under the Institutional programs, namely NCCA Outreach program, Expert and Resource Persons Bureau and Technical Assistance Program. Accomplished project proposals must be submitted to Marichu G. Tellano, chief of Policy, Plan Formulation and Programming Division (PPFPD), 5th floor, National Commission for Culture and the Arts (NCCA), 633 General Luna St., Intramuros Manila with telephone number (632) 527-2192 and fax (632) 527-2198 and 522-2084 and email at info@ncca.gov.ph and pmd@ ncca.gov.ph. Internationally-acclaimed piano virtuoso, Rudolf Pelaez Golez, performs the music Polish composer Frederic Chopin (1810Deadline is on August 31, 2014. Submission of 1849), Rodelsa Hall, August 9. Rodelsa Hall is the Liceo de Cagayan University’s home of the performing arts. Photos by GLENN PALACIO project proposals is urged prior the deadline.

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MSME... from page 1

others, the great Mindanao food fair, Mindanao Crafts and Cultural Village. Habi, Badu at Kalyak Fashion Show will also be held. D ur ing t he summit, various government agencies and the private sector will harmonize their efforts to further prepare the MSMEs once the ASEAN market is enforced next year. Some 500 delegates are expected to attend the summit to be led by bankers, big players in the export industry, foreign buyers association, cooperatives, and the MSMEs. The summit with theme “B e at i n g C h a l l e n g e s … Accelerating Innovations” will also feature rags-to-riches success stories, Montemayor said. (PNA)

Oversee... from page 1

sa isang side kundi dahil gusto namin ng solusyon,” stressed Petilla. The energy secretary said the task force will focus on manpower and materials acquisition from August 8 to 21 and implement metering from August 22 to November 30. According to him, the President has committed P69 million for the metering in every household with existing lines provided they have applied for it. They also plan to stabilize meter reading and bill system starting December to January next year and to finally normalize LASURECO by February 2015 through member-consumers’ election of board of directors who will elect among themselves the coop’s general manager. Petilla however clarified that the move does not mean that the P8 billion debts of LASURECO will be wipedout.

After... from page 1

From the production value, 53% came from the share of the service sector, 32% from the industry sector, and 15% from the agriculture, hunting, forestry and fishing (AHFF). The PSA reported though that the ser vice sector performance has slowed down from the 8.8% accomplishment in 2012 to 6.6% last year. This, despite the robust push i n t he w hol e s a l e and retail trade as seen in the several openings and expansions of shopping malls, buffet restaurants and other commercial establishments. The ICT Business Process Outsourcing was among the major drivers in the region’s economic growth, having 32 ICT companies operating in Davao City with an estimated 21,000 fulltime employees. Lim said Davao City was ranked first among 37 Philippine outsourcing destinations and owned the 69th spot in the Tholon’s

world ranking as a BPO hub. Tourism remained vibrant with the entry of 1.8 million visitors which was 70% higher than the previous year, she added. For the industry sector which significantly surpassed its target at 16.2% from 4.8%, the manufacturing sub-sector has the biggest contribution at 20.1% with its strong performance in the processing industries such as cement, food and drinks, fertilizers and minerals. T he h i g he st g row t h rate at 18.9% came from the construction sub-sector of which achievement was attributed to the vigorous construction activities for government infrastructure projects intended for the rehabilitation of roads, bridges, school buildings, ir r igat ion systems and construction of core shelters in Pablo-affected areas. The agriculture sector which greatly suffered from the wrath of typhoon Pablo, got a negative 8% growth compared to the target of 2.2%. Lim said the production of banana and coconut declined by 16%; coffee by 35%; rubber by 48%; abaca by 18%; palay by 6% and sugarcane by 3%. However, she said, Davao Region remained to be the Philippine’s top producer of cacao at 79%, bananas at 42%, and coconut at 15% of the country’s total. The region also ranked as the country’s 2nd highest producer of coffee and 3rd in abaca. Lim als o bared that Davao Region has retained its position as Mindanao’s top economy in terms of the GRDP value. In 2014, the goal is to increase Davao Region’s GRDP by 7 percent, Lim said hoping that development partners from the government and private sectors will

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continue to work together to achieve this goal.

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will be sourced. The power plant, which will use a technology that is being used in Korea, has a capacity to expand up to 6MW. MPIC owns 70 percent of the shares in the joint venture agreement while its partner, Global Green International, has the remaining 30 percent share. The Mindanao area c u r re nt ly h a s a b e l ow requirement power supply, t hu s , ro t at i on a l p ow e r outages are normal in the south. The Department of Energy (DOE) maintains that the situation will be addressed by 2015 when several power plants starts commercial operations. For the meantime, the D e p a r t m e nt o f E n e r g y (D OE) has put in place three measures that are expected to temporarily address the situation. These immediate solutions are the Interruptible Load Program (ILP), which will be implemented with t h e E n e r g y R e g u l at or y Commission (ERC), t h e Int e r i m M i n d a n a o Electricity Market (IMEM), and the utilization of general sets by electric cooperatives thru a financing that will be provided by the National Electrification Administration (NEA). Under the ILP program, pr iv ate c omp an i e s t hat h av e p ow e r g e n e r at or s need not tap electric DUs for their need but instead use their own facilities. In turn, they will be paid by the DUs based on the

fuel and oil used in running their entities’ generators and on the depreciation of the equipment. On the other hand, under the IMEM program big entities that own generators will be tapped to provide capacity to as much as 200 megawatts to power cooperatives. Relatively, MPIC chief f i nanc i a l of f i c e r D av i d Nicol, dur ing t he s ame briefing, said future e ar n i ng s f rom t he s ai d Republic of the Philippines power plant is projected SUPREME COURT to have a substantial share REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region in the company’s income. Cagayan de Oro City ” It c an b e a ve r y OFFICE OF THE PROVINCIAL SHERIFF s i g n i f i c ant c ont r i butor NOTICE OF EXTRA-JUDICIAL SALE (to revenues),” he said. EJF File No. 2014-186 Meanwhile, MPIC on Tuesday reported an 18 Upon Extra-Judicial Petition for Sale under Act 3135 as amended, filed by VICTORIA MAE ABERILLA, ELPIDIO T. KWAN and RONALD L. percent year-on-year rise DEAÑO of Doña Ma. Subd., Bara-as, Iligan City, Sabayle Street, Iligan in core net income to P4.6 City and Boston Street, Tubod, Iligan City , respectively, against EMMA billion from year-ago’s P3.9 BAGAMASPAD, AIDA GEMENEZ and PERPETUA INFANTE, all residents of Iligan City represented by AIF LYNDON JOHN F. ROLA per SPA, of billion driven by strong 14th corner 26th Streets, Nazareth, Cagayan de Oro City, to satisfy the earnings of Maynilad Water mortgage indebtedness which as of May 17,2014 amounts to ONE MILServices, Inc. (Maynila), LION ONE HUNDRED FIFTY THOUSAND PESOS ( P1,150,000.00) Philippine Currency, as mortgagor’s principal obligation, excluding penalties Manila Electric Company , liquidated damages, past due interest, attorney’s fee representing (Meralco), and the hospital 25% of the total obligation due and , other necessary fees, charges group. and expenses of Extra-Judicial Foreclosure and Sale, the undersigned ”A l l o u r b u s i n e s s e s Sheriff-in-charge will SELL at Public Auction on SEPTEMBER 8, 2014 from 10:00 o’clock in the morning until 4:00 ‘clock in the afternoon, at the achieved strong growth court room of RTC, Branch 39, 2nd Floor, Hall of Justice Bldg., Arch. S. i n prof it abi l it y, help e d Hayes Street, Cagayan de Oro City, to the Highest Bidder, for CASH and in large measure by debt in Philippine Currency, the real property mortgaged together with all existing and future improvements thereon, to wit, as follows: refinancing last year,” Lim said. TRANSFER CERTIFICATE OF TITLE NO. 137-2011005076 The company targets to Registered in the name of EMMA BAGAMASPAD, AIDA GEMENEZ & PERPETUA INFANTE achieve an P8 billion net income for 2014 on back of “A PARCEL OF LAND (Lot 2113-A-2, PSD-10-010422,being robust growth5inEAGLES earnings NEST a portion of Lot 2113-A,PSD- & 10-004063). Situated in the MARKETING SERVICES, INC. Barrio of Camaman-an, City of Cagayan de Oro, Island of of all its businesses. Pabayo-Gomez St., Cagayan de Oro City * TeleFax: (088) 8524864 * 5eaglesmarketing@hug-marketing.com Mindanao .Bounded on x x x. Beginning at x x x, containing Nicol said the robust an area of Two“Where Thousand One Hundred Forty Seven (2,147) you will find Quality Products and Services…” income growth in the first Square Meters, more or less.” six months of the year is Prospective buyers/bidders may investigate for themselves the title expected to counter the PRODUCTS & SERVICES herein above-described and encumbrances thereon, if any there be. u s u a l s l owd ow n i n t h e In case September 8, 2014 will be declared holiday or non working day, the public Auction Sale shall automatically be held on the next s econd half, par tly • Fire due Fighting System • 25kvA to 3MW ABC Generators (Europe) working day without further notice, publication and posting. t o l o w e•r Fire dem a n d &f oAlarm r System Detection • 15kV to 72.5kV Electrical Products Cagayan de Oro City, August 4,2014. • during Emergency System • Installation of 15kV to 69kV Lines and electricity theCommunication cold FORPower THE EX-OFFICIO Stations PROVINCIAL SHERIFF System monts. • Advanced Security Surveillance • BuildingBy: Electrical and Water System • SCADA Systems we ”Generally speaking • Wires &(Sgd.) Cables, Fiber Optics • Passenger (Exclusive for have a bigger first halfElevators than JOSEPH C. MAAGAD Sheriif IV • Marketing Solutions Schindler second half,” he Elevators) added. (PNA) BWM: Aug 6,13 & 20, 2014

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APPARTELLE FOR SALE APPARTELLE FOR SALE LOCATED @ MACTAN CEBU NEAR IMPERIAL PALACE IDEAL FOR HOTEL, SCHOOL, SPA LOT AREA 1,541 SQM WITH 13 ROOMS, FURNISH, BLDGS., LOBBY, OFFICE BUILT 2007, JAPANESE AMBIANCE GARDEN, FLOOR AREA 400 SQM ALONG MARIBAGO, MACTAN, CEBU 30M (NEGOTIABLE) OWNER LEAVING, CALL # 0915-372-0910; 0917-853-5958 VIEW IT ON YOUTUBE; HIROS APPARTTELE, MACTAN For Sale Hillsborough Pointe CDO: beside XU near SM; lot area: 395 sqm. phase 4 lot 2b @ 6,500per sqm , call #0917-853-5958

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Regular Wash Rate: Fire Fighting System • 25kvA to 3MW ABC Generators (Europe) SUV - Php150.00 Fire Detection & Alarm System • 15kV to 72.5kV Electrical Products SEDAN - Php99.00 Emergency Communication System • Installation ofMotorcycle 15kV to 69kV Lines and - Php60.00 Power Stations Advanced Security Surveillance System Engine Wax - Php70.00 • any Building Electrical andregular Waterwash System SCADA Systems …if under wash is included, add 100% charge from of the SUV & Sedan rates. • Wires & Cables, Fiber Optics Passenger Elevators (Exclusive for +PLUS Add-on Services: • Marketing Solutions Schindler Elevators)

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SUV - Php999.00 SEDAN - Php799.00 Motorcycle - Php499.00 *30 mins. Foot6Massage - P70.00 *1 hr. Swedish Massage - P180.00 …Plus Free carwash with vacuum and tire black with 20% on Labor for other extended service. *1 hr. Foot Massage - P140.00 *30 mins. Head Massage - P70.00 *30 mins. Back Massage Dry - P70.00 *30 mins. Back Oil Massage - P80.00 Regular Wash Rate: *1 hr. Back Massage Dry - P140.00 *1 hr. Back Oil Massage - P170.00 SUV - Php150.00 *1 hr. Body Massage Dry - P140.00 *1 hr. Body Oil Massage - P170.00 SEDAN - Php99.00 *2 hrs. Body Massage Dry - P280.00 *2 hrs. Body Oil Massage Motorcycle - P310.00 - Php60.00 Engine Wax - Php70.00 …other services be available upon (facial,from shaves, also accept …if underwill wash is included, addrequest, 100% charge any wax, of theetc.). SUV We & Sedan regularmembership, wash rates. you may request for membership application upon check-in. +PLUS Add-on Services: EANJOY theHour Comfort and Quality of our ProductAssistance. and Services… GOD BLESS US!!! • 24 Member Emergency On-road • Park and Bath scheme, Park and call us for Car Care. “MABUHAY ANG Assistance. AGILA!!!” • Towing, Tire Change, Gas, Battery & Emergency

HOTLINE NUMBERs:

Email Address: 5eaglesmarketing@hug-marketing.com 5 EAGLES `táátzx 9 fÑt 5eaglesmarketing@gmail.com oclarit32@gmail.com ‹XÇ}Éç à{x äxÇâx àÉ ÜxÄtåtà|ÉÇ tÇw uxtâàçA

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