BusinessWeek Mindanao (December 14-15, 2013)

BusinessWeek MINDANAO

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Volume IV, No. 34

Market Indicators

As of 5:58 pm Dec. 12, 2013 (Thursday)

FOREX

PHISIX

US$1 = P44.08

5,789.60 points

4 cents

X

X Briefly 99.14 points

Diskwento Caravan THE Department of Trade and Industry Misamis Oriental Provincial Office (DTI-MOR) invites all buying consumers on a two-day PreChristmas Diskwento Caravan.

The two-day caravan set on December 13 to 14, Friday and Saturday at Magsaysay Park Divisoria this city is aimed to provide financial relief to consumers in their holiday needs especially during this yuletide season.

DTI Provincial Director Maria Eliza A. Pabillore said that the P569,651.88 sales generated from the past two Diskwento Caravans launched this year by DTI-MOR and Regional Tripartite Wages Productivity Board region 10 (RTWPB-X) proved that the event was a huge hit to the buying public both locals and visitors alike.

The Diskwento Caravan can assure consumers with unique and affordable premium offers such buy one take one and deep discount slashes ranging from 10-50% off on basic and prime commodities like Noche Buena products, rice, cooking oil, bread, canned goods, processed meat, detergent bars, soaps and shampoos, school supplies, bags, shoes and many more.

Handline fishing GENERAL Santos City -- The City Council has passed a resolution asking the Bureau of Fishery and Aquatic Resources (BFAR) under the Department of Agriculture (DA) to come up with the Implementing Rules and Regulations of Republic Act 9379 which seeks to redefine the handline fishing industry in the country.

City Councilor Brix Tan, committee chair on agriculture and fisheries, said RA 9379 otherwise known as Handline fishing Law has been approved by Congress in 2007 but its implementation remains pending since no IRR was crafted by the DA and BFAR since its approval.

He said the city council has unanimously approved the resolution to urge the concerned government agencies to expedite the implementation of RA 9379 in a bid to provide benefits to around 5,000 local handline fishermen in the city.

“Thousands of our local fishermen are dependent on handline fishing as source of their livelihood,” said Tan whose family runs the San Andres Fishing Inc., one of the pioneering local fishing companies here.

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Puregold Price Club opens 5th store in Mindanao P

UREGOLD Price Club Inc. c o n s i s te n t l y continues its u nw av e r i n g commitment to uphold consumer and retail excellence in the service of the Filipino people as it op en its most highly anticipated flagship outlet in Cagayan de Oro Citythe hy p ermarke t brand’s 5th store in Mindanao.

A huge crowd troop to the opening of PUREGOLD, which extends to Kagay-anons its unwavering commitment to uphold consumer and retail excellence in the service of the Filipino people as it opens its most highly anticipated flagship outlet in Cagayan de Oro City -- the hypermarket brand’s 5th store in Mindanao, Friday, December 13, 2013, at Lapasan, CDO. photo by lavie casenas

Sarangani bank is 18th to be shut this year THE Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has ordered the closure of Sarangani Rural Bank, Inc., the 18th bank to be shuttered this year, the Philippine Deposit Insurance Corp.

(PDIC) said.

The state deposit insurer said in a statement that the single-unit bank was put under receivership through a resolution dated Dec. 5.

All assets of the Mindanaobased rural bank, including 2,408 accounts with total deposit liabilities of P45.57 million will be handled by the PDIC. The bank was owned by Francisco L. Laiz, Jr. (21.87%), Rosa Ma. L. Gayos (20.08%), Josefa L. San Pedro (20.08%) and Amanda L. Robosa (20.04%).

M r. L a i z s e r v e d a s the bank’s chairman and shut/PAGE 11

2013 proves to be a very important and pivotal year between Puregold and Mindanao as the hypermarket chain also opened four other branches in Digos (June 17), Tagum (July 17), Lanang (Sept. 12) and Butuan (Oct. puregold/PAGE 11

Ban-ao rises again, bids farewell to BMG SPECIAL FEATURE

By BONG D. FABE Correspondent

BAN-AO, Baganga, Davao Oriental — “Your help was so great. You helped us stand again. You taught us how to be resilient and to be a resource.

We in Ban-ao will never forget you. I know it is not easy for you to travel so far away, but you did and that showed your help comes from the heart.

For me personally, I will never forget your help until the end of my life because during those times when I felt so alone, you were my inspiration. That is why I can say that ‘you made me live again’.”

Her last words prompted an impromptu humming of those who know Janet Basco’s immortal love song, as Barangay Chairperson Mera A. Ching paused for a bit to wipe the tears smearing her face during the simple handover ceremony here on the first anniversary of

Rochelle Mordeno, executive director of the Balay Mindanaw Foundation, Inc. hands over the ceremonial key symbolizing the handing over of BMG-initiated community projects to the Ban-aowons, led by Chairperson Mera A. Ching. photo by bong d. fabe

typhoon Pablo (Bopha) on December 4.

An emotional Ching gallantly stemmed the flood of tears from taking over

the gathering, reminiscent of the time a year ago when she — abandoned by most of her leaders but propped up by BMG volunteers —

led the reconstruction and rehabilitation of her devastated village.

The celebration, aptly rises/PAGE 10

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LISTED Basic Energy Corp. has received a new service contract from the Energy depar tment covering a geothermal concession area in the province of Sorsogon,

the firm said in a disclosure on Thursday.

“Basic... recently received the letter, dated Dec. 12... of the Department of Energy informing the company that

the geothermal renewable energy service contract for West Bulusan, Sorsogon was approved and signed

by Secretary Carlos Jericho Petilla,” the disclosure read.

Basic said the concession area “hosts several relatively low-lying eruptive centers and domes of early- to late-

Pleistocene age,” particularly Mt. Bintacan, Mt. TabonTabon, Mt. Sisigon, Mt. Malobago, Mt. Calomoutan and Mt. Sujac.

“All are older than the presently active Bulusan Volcano located in the northeast,” the company noted.

“ There are rep or ted hot springs and altered grounds in the area which could enhance geothermal prospectivity.”

Last April, the company also received three geothermal contracts covering several areas in Luzon.

Basic had identified

these projects as the Iriga Geothermal Power Project, Ma r i v e l e s G e o t h e r m a l Power Project and the East Mankayan Geothermal Power Project.

The company said that the Iriga project is located in Camarines Sur, while energy/PAGE 9

No.: 09161714813 (GLOBE)

Congressman Rufus B. Rodriguez, Centrist Democratic Party of the Philippines (CDP) National President swearsin F. Sionil Jose, National Artist for Literature, as a member of the CDP during the CDP’s 3rd National Congress held in Cagayan de Oro City. Also in the photo is Fr. Jun Mercado, CDP Adviser.

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Jetti Petroleum registers 24% sales growth in 2013

By MYRNA VELASCO, Contributor

JETTI Petroleum Inc. has logged brisk sales growth of 24-percent, prompting it to anticipate full-year revenues of P12.98 billion this year from P10.46 billion in 2012.

In a briefing with reporters, Jetti corporate affairs manager Leo Bellas noted that “the projection was made after the company achieved interim sales of P9.89 billion for the period of January to September 2013.”

For such level of sales, the oil firm executive stressed that its income may reach P92.5 million full year ; inching a bit higher from the three quarters figure of P91.1 million.

By next year, the company has also been eyeing better prospects, and a rise in

income to P135 million.

“The outgoing year has been a good one for us.

The strong economy, which resulted in robust consumer spending on travel and also in more vehicles being bought, powered this growth,” Bellas said, albeit he indicated that “we are not yet out of the woods” when it comes to the technical smuggling raps previously lodged against them.

The oil firm will also be gearing up for expansion of its retail network next year, including a new depot in Bataan which will command an investment of P1.0 billion.

Financing for the project, he said, has already been identif ied. It will be a combination of internally-

generated cash and loans – the latter of which will account for the bulk at 70 to 75-percent.

For the gasoline stations, Jetti Petroleum is working on gradual expansion of its retail portfolio. By 2015, its investment level will already reach P250 million.

Bellas added the company’s strong sales showing could also be attributed to the 15 new stations which it set into commercial operation this year.

“Jetti expects even higher sales in 2014 as he takes into consideration factors, like the expected start of operation of the new Mariveles, Bataan import and bulk terminal,” he said.

Bellas emphasized that the facility’s construction is due jetti/PAGE 10

Toyota Group suppliers target $1-B in exports THE Toyota Group of Export Suppliers is optimistic to achieve its target of $1 billion export sales in 2014.

The japanese automaker recently reported this to Philippine Economic Zone Authority (PEZA) director general Lilia De Lima during the Group’s regular year-end meeting with PEZA. This year, the current estimate is that exports will reach at least US$954 million.

The upbeat outlook is based on 2014 plans shared by individual suppliers.

Among those who disclosed expansion plans starting 2014 include TRP, Inc., Philippine HKR, Inc., Philippine Auto C omponents, Inc., Jeco Au t o p a r t s P h i l i p p i n e s , Inc., Koyo Manufacturing (Phils.) Corporation, and Technol Eight Philippines Corporation.

PEZA Director General De Lima affirmed suppliers saying, “Rest assured that PE Z A w i l l cont inu e to support you in the processing of your requirements as you carry on with additional investments and expansion projects.”

D u r i ng t h e m e e t i ng with PEZA, TMP president Michinobu Sugata also gave an update on auto industry issues and requested for continued support from the

Government, especially as the auto industry awaits the implementation of the new auto policy.

Sugata shared that Toyota Motor Corporation (Japan) recognizes the potential of automotive manufacturing in the Philippines and the Roadmap initiated by the Department of Trade and Industr y (DTI) will be an important factor in Toyota’s medium-term local production strategy.

In this light, Sugata appealed to De Lima regarding updates on the proposed high-level DTI and PEZA visit to Japanese auto suppliers as a follow-up activity to the Automotive Investment Seminar held in Japan last March 2013.

The said seminar in Japan generated interest in the Philippines as a potential alternative auto parts production base in

ASEAN. The Toyota Group believes that DTI and PEZA follow through activities with suppliers will support the forthcoming new auto policy.

Sugata also expressed support to Cong. Rufus R o d r i g u e z’ Hou s e B i l l ( H B ) 3 9 0 ( Automot ive Manufacturing Act) which was identified as one of the priority bills by the House Committee on Trade and Industry.

Sugata expressed hope for HB 390 saying, “A legislated industr y program is an important factor for longterm investment planning.”

For her part, De Lima assured the Toyota Group that in line with PEZA’s thrust to strengthen export industries, she will support the current policy initiatives for automotive to boost the sector’s performance. toyota/PAGE 10

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AgriBusiness

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Twenty-three (23) delegates from region 10 brainstorm on how they could improve the implementation of CSBs in their respective areas during the conduct of a workshop in the first ever nationwide CSB Conference, held in Clarkfield, Pampanga. Meanwhile, DA USec. for Operations and National Rice Program Coordinator Dante S. Delima opens the conference saying that it is the small farmers who actually have the foremost right in the availment of seeds here in our country.

Delima cites value of sustaining CSBs Clarkfield, Pampanga – TO further promote the agency’s target of ensuring food sufficiency and farmers’ access to seeds, the Department of Agriculture (DA) recently conducted its first ever nationwide Community-Based Seed Bank (CSB) Conference at the Fontana Hotel and Leisure Parks, in this province.

“Ang CSB ay matagal ng practice ng mga magsasaka pero hindi nainstitutionalize. Sa pamamagitan ng Agri-Pinoy Rice Program, ginawa natin itong isang programa para seryosohin at mabigyan nang tamang pansin at pondo para ito

ay lalago,” DA Undersecretary for Operations and National Rice Program C oordinator Dante S. Delima said in his welcome remarks.

He added that it is an alternative source for marginalized farmers in having a better and cheaper access to quality seeds, particularly those not served by formal seed systems in various ecosystems.

The CSB operates through the provision of registered seeds by the national government to qualified irrigator’s associations (IAs), farmer’s associations, people’s organizations (POs) and non-

White corn in Sultan Kudarat found with traces of GMO WHITE corn sampled in Sultan Kudarat, Mindanao contain traits of geneticallymodified corn varieties, according to data from a Greenpeace study released to the press Tuesday.

White corn grown in the Philippines is not genetically modified, unlike some of its yellow cousins, but the four samples of white corn kernels and grits bought from different stores in Tacurong market in Sultan Kuradat all had amounts of GM corn. “(This study) proves that GMOs cannot be controlled.

Yung mga companies na may hawak nitong mga GMOs na ‘to, hindi nila naco-control yung produkto nila from spreading or contaminating other crops,” Daniel Ocampo, Sustainable Agriculture and Genetic Engineering campaigner for Greenpeace Southeast Asia said.

He added it is difficult to determine the extent of contamination and where it came from.

“Buti sana kung yung organic agriculture nagkocontaminate sa GM. Hindi e, laging lugi ang organic sa GM.” The study Two samples of corn grits were shown to contain 13 percent and 17 percent MON 8 1 0 Bt c or n , t h e pesticide-resistant variety, respectively. They were also

proven to be 33-percent and 41-percent contaminated by NK603 RR corn, the Roundup Ready or herbicide-tolerant variety.

One sample of corn kernels was proven to have trace amounts of both pesticideresistant and herbicidetolerant varieties.

“This is alarming since most people who are aware of GM corn planted in the Philippines think that the commercial varieties being propagated are only yellow corn, thus this commercial sale of GM white corn variety is critical,” the report said.

“If farmers, seed developers and other consumers are not aware that there is GM white corn variety sold in the market then there is no way for them to segregate the traditional seeds from GM seeds.”

An issue of freedom The study did not show h ow t h e s e w h it e c or n grits and kernels became “contaminated” by GM corn, and Greenpeace senior scientist Dr. Janet Cotter said we may never know what caused the samples to become mixed with pesticideresistant and herbicidetolerant varieties.

“Dapat ang mga farmers may choice kung ang gusto nilang itatanim ay GMO or hindi. Pero, because of traces/PAGE 11

government organizations (NGOs) through a 1:1.5 or 1:2 repayment scheme. This means that for every kilo of registered seeds received, the recipients pay 1.5 kilos of certified seeds if outright payment is made.

However, if payment is made right after harvest, the recipients pay 2 kilos.

During the conduct of an open forum, participants consisting of nearly 500 regional seed coordinators, agricultural technicians and farmers have e x p re s s e d re c u r r i n g i s s u e s and concerns towards a better implementation of CSBs. These

include the provision of additional registered seeds and the fine-tuning in the repayment scheme, among others.

In response, USec. Delima explained that the CSBs are established with the foremost intent to train and empower farmers to produce quality seeds at a cheaper price for their use and sale to fellow farmers while also urging seed exchange among farmers.

He added that the Program also looks forward in eliminating the ‘dole-out’ system, which has been previously practiced by the government in assisting its populace.

Accordingly, USec. Delima stressed that it is the responsibility of every farmer to settle transactions in their assigned CSBs as this would be a participatory approach in sustaining the operations of the Program.

He futher said that the 20 kgs. of seeds from the RFOs is just enough for farmers to determine whether seed varieties are adaptable or not in their respective farmlands.

“Hi n d i uu n l a d a n g m g a magsasaka kung lahat ng binhi ay iaasa natin sa ibang sektor sa lipunan,” he concluded. # (JLOlson, DA-10)

Davao firm cited for observing safety, farming standards

By CARMELITO Q. FRANCISCO Correspondent

DAVAO City -- An international certifying organization has recognized Tagum Agricultural Development C o., Inc. (TADECo), a banana plantation firm under the ANFLO Management & Investment Corp.

(ANFLOCOR), for observing food safety and sustainable agricultural practices, a top company official said in a recent statement.

NonprofitgroupGlobalGood Agriculture Practice last week certified the banana company for incorporating food safety and sustainability as corporate priority, said TADECo President Alexander N. Valoria, adding such recognition shows the company is at par on these terms with other exporting food firms worldwide.

“This is a milestone for us; this is something that we’ve undertaken with conviction to pursue because we know that markets will be asking for this.”

The certifying body said TADECo passed a certification audit that third-party Control Union Certifications conducted.

Coen Everts, country manager of the auditing body, said in the statement that banana companies need to get such certification if they want to penetrate major international markets.

Global Good Agriculture

Practice, he said, “is now recognized by all the major players in the banana industry,” Mr. Everts said in the statement, adding that “farm management certification… needs to be put in place if you want to cater to the large markets, particularly Japan.”

B efore this global certification, TADECo had received and maintained Philippine Good Agricultural Practices certification for two consecutive years. The certification covers quality and productivity, including food safety and sustainability, environmental protection, as

well as occupational safety.

A subsidiary of the ANFLO Group of Companies of the Floirendo family, TADECo produces and exports fresh Cavendish bananas to Japan, Hong Kong, Korea, Singapore, Russia, China and Middle East.

TheWebsiteofANFLOCOR, the corporate entity of the group, showed it manages subsidiaries engagedingrowingandexporting bananas and pineapples; real estate development and leasing; beach resort operation; manufacturing corrugated boxes, plastic products and labels; processing and/or supplying fresh meat products; growing

citrus fruits; trucking, arrastre and stevedoring; cold storage rental; automotive dealership, financing, retailing; breeding of race horses; hog raising; as well as production of bottled preserves.

The banana company was the first major venture of the late Don Antonio O. Floirendo who formed the company in 1950s after he and his family migrated to Davao.

By 1971, the company had started exporting produce to Japan and has expanded its farm holdings to at least 10,000 hectares at present employing over 30,000 workers.

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Opinion

Project H.E.A.R.T. is back to give support to Yolanda victims

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Give to Live THINK

hink a minute…You may have heard the saying, A Minute “Joy shared is joy doubled.”

By Jhan Tiafau Hurst Giving isn’t a sacrifice, it’s an investment. We actually get back much more than we give.

So don’t give until it hurts, give until it feels good. The American President, Calvin Coolidge, said: “No person was ever rewarded or honored for what he received.

Honor is always the reward to people who give.” What you and I do just for ourselves dies with us. What we do for others lives on even after we die. So it’s smart to invest in the success of others. “It’s when you help someone else up a mountain that you yourself end up closer to the top.”

The principle of giving is simply a law of life that works.

Just like money can only get good things for you when it is used and circulated. But if you do not use your money or give it away, you can’t get any enjoyment or thing of value out of it. It’s only when you give out that you make more room inside to receive. You know that the Dead Sea is dead because it only receives and never gives. It does not flow out or give to other bodies of water, so it just dies. In the same way, when we don’t give to others we plug up the natural flow of life in us. This is why selfish, stingy people are never really happy, and seldom healthy.

A successful man said: “You will be remembered for two things: the problems you solve and the problems you cause.”

Each of us is created to be an answer and help to someone else’s life. A famous man put it this way: “You cannot live a successful day until you’ve done something for someone else who cannot pay you back.”

The Jewish people have an important holiday every year which celebrates the giving of gifts. Everyone, including the poor, must find someone poorer than himself and give him a gift. You see, “If God can give gifts THROUGH you, He will give them TO you.” In fact, God loves us so much that He gave His own perfect life to pay for our wrongs, just so He could share His life with us. So why not give your life to Jesus Christ today? Then you can start enjoying His successful way of giving and living every day, for the rest of your life.

Just Think a Minute…

As Typhoon Yolanda survivors begin the arduous process of rebuilding their lives, Project H.E.A.R.T. is back to bring light in the affected region after distributing the first batch of solar light bulbs to 56 households in Bliss, a small farming community near Bogo City.

Project H.E.A.R.T., which stands for Helping Asians Rise Together, is playing its part again to help the communities affected

by Typhoon Yolanda to rise up from the devastation by distributing more solar light bulbs to households in Bario Udlot, the second community in Northern Cebu to receive such aid.

Spearheaded by Maybank, one of Southeast Asia’s leading financial institutions, Project H.E.A.R.T. is a regional movement aimed at brightening and empowering rural communities across Asia by distributing solarpowered light bulbs to those that do not have access to electricity.

According to Mr. Jun Famatigan, Maybank Philippines, Inc. (MPI) President and CEO and spokesperson for Maybank Proj e c t H . E . A . R . T. , Maybank began the project as a platform to allow people from across Asia to come together as one to make a real difference to the lives of others.

“Making a difference in the communities we serve and going beyond our traditional banking

SPECIAL FEATURE byLorry V. Gabule role is very much in line with Maybank’s mission of ‘humanising financial services across Asia’. We are committed to sharing in the triumphs and trials of those we serve, and to be there not only when they celebrate success, but also when they face setbacks,” explained Famatigan.

To help plan and distribute the solar lights, Project H.E.A.R.T. is partnering with One Million Lights Philippines (OML PH), a home grown, award-winning, youth-led NGO that aims to improve the daily life of children and adults by providing clean, safe and healthy lighting to off-grid communities.

OM L P H h a s mu c h experience and expertise in light distribution programmes across the Philippines.

Since its inception, OML PH has distributed over 6,000 solar-powered lights to off-grid impoverished communities around the country directly impacting the lives of approximately 30,000 Filipinos.

According to OML PH’s founder Mark Lozano, there is definitely a role for the private sector to work with NGOs such as OML PH in providing sustainable solutions to communities.

“In an emergency situation like this, having the support of Maybank’s vast regional network and knowing that the public across the region is supporting us means so much, and will go a long

way to ensuring the success and sustainability of this endeavour,” said Lozano on Project H.E.A.R.T.’s role in bringing solar lights to communities seeking to rebuild after Haiyan.

Going forward, Maybank hopes to expand Project H.E.A.R.T. to assist even more needy communities across Asia before the end of the year and is calling out to its 22 million customers and members of the public to join the Project H.E.A.R.T. movement, as well as to make a donation that will go toward the purchase and distribution of more solar lights for the deserving communities.

Maybank’s Famatigan is upbeat and believes that “as more people become aware of the plight of these affected communities and the simple and effective solution that Project H.E.A.R.T. is championing to help communities get back on their feet, more people will come to support and donate to the movement.”

The public can join the Project H.E.A.R.T. movement simply by helping share the word through their social networks such as Facebook, Instagram, Twitter and Google+. They can also make donations to a special account set up by Maybank for Project H.E.A.R.T. (Account Numbers: 01-088-00-1425-0 for peso donations and 01-788-000151-6 for dollar donations).

The public may also write out a check to “Maybank Project HEART”. Online donation via Maybank’s m2u internet banking facility is also available.

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2014 Budget of the Province approved MISAMIS ORIENTAL – The Sangguniang Panlalawigan, headed

by Vice Governor Joey G. Pelaez, approved the 2014 Annual Budget Appropriation of the Province of Misamis Oriental in the amount of ONE BILLION SIX HUNDRED THIRTY TWO MILLION ONE HUNDRED FIFTY SIX THOUSAND SEVEN HUNDRED EIGHTY FOUR PESOS (P 1,632,156,784.00).

In Governor Bambi Emano’s Budget Message, addressed to all the members of the Sangguniang Panlalawigan, he emphasized the main thrust of the budget which focuses on Eco – Tourism, the main flagship program of his administration called “Turismo sa Misamis Oriental” or “Explore MisOr” which is exem-

MISAMIS ORIENTAL – The Sangguniang Panlalawigan, headed by Vice Governor Joey G. Pelaez, held its 19th Regular Session at the PHIVIDEC Industrial Estate Board Room, Tagoloan, Misamis Oriental approving the 2014 Annual Budget of the Province. Also present was Mr. Leo Tereso Magno (5th from the right), Administrator of PHIVIDEC.

plified under the eight pillars designed to fast track the development of the province, to wit; Environment, Infrastructure, Education, Agriculture, Health, Transportation, Cooperatives, and Peace and

Order.

In the budget, General Public Services amounts to P540,263,163.48 or 33%. Social Services amounts to P650,265,469.71 or 40%. Lastly, Economic

Services amounts to P441,628,149.81 or 27% to the total budget.

It is noteworthy that even though the budget focuses on Eco – Tourism, a potential revenue source of the province, Social Services, particularly the hospitals, were given the big chunk which was 40% of the annual budget.

It has to be emphasized that services for the underprivileged is of utmost importance to the administration.

Further, the budget for Misamis Oriental Telephone System, Inc. (MISORTEL), which was not included in the Annual Budget in the previous years, was already included in the Special Account, pro-

viding subsidy in the meantime pending the consideration of alternative options/packages to be able to take off from its current status of operations. It is a testament that even though the Province is bleeding so much in operating MISORTEL, the former still supports the latter in the hope of resuscitating the vigor of its operations.

Moreover, according to Vice Governor Joey G. Pelaez, the 3rd tranche of the Salary Standardization Law will be implemented next year which will increase the salary of the employees of the Provincial Capitol with the budget approval. “We will give them what is

due to them under the law in order to maximize their outputs and boost their morale in every work that they do,” he said.

Board Member Jabi I. Bernaldez of the 1st District, Chairman of the Committee on Finance, Appropriation and Budget, conducted several committee meetings and hearings in order to thoroughly study and deliberate on the budget for its approval. The budget was subsequently approved without any objection, discussion or interpellation and without any substantial changes to the original proposal of Governor Bambi Emano – all for a Happy MisOr. Present during the session approving the budget at the Board Room of PHIVIDEC industrial Estate were Vice Governor Joey G. Pelaez as the Presiding Officer, Hon. Vincent Pelaez, Hon. Benedict Lagbas, Hon. Jabi Bernaldez, Hon. Boris Actub, Hon. Mercy Grace Acain, Hon. Nancy Madjos, Hon. Emmanuel Mugot, and Hon. Donato Chan.

On Official Business and were not present were Hon. Heckert Emano, Hon. Virgelia Dumadag and Hon. Arsenio Kho, Jr.

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Banking&Finance

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

BSP keeps policy rates unchanged GSIS releases P1.2-B cash benefits to pensioners

BANGKO Sentral ng Pilipinas on Thursday left the benchmark yield on loans unchanged at record lows, saying it expects inflation to remain within target despite mounting price pressures.

At a press briefing, Bangko Sentral Governor Amando Tetangco Jr. said the Monetary Board decided to keep policy rates at record lows of 3.5 percent for overnight borrowing and 5.5 percent for overnight lending.

“The Monetary Board’s decision is based on its assessment that the inflation environment remains manageable,” Tetangco said.

Monetary authorities also kept the yield of special deposit accounts (SDA) at 2 percent.

Reserves that banks are required to keep in central bank vaults were also left unchanged, Tetangco

also said.

Inflation settled at a benign 2.8 percent in the 11 months to November, while the the economy grew 7.4 percent in the first three quarters – the fastest in Southeast Asia.

Tetangco, however, noted the Monetary Board are “mindful that the balance of risks to the inflation outlook is still weighted toward the upside given potential increases in food prices as well as the pending petitions for further adjustments in utility rates.”

The economy is expected to “stay firm” despite “challenging” economic conditions, he added.

And despite the inevitable tapering of bond purchases by the Federal Reserve, Bangko Sentral Deputy Governor Diwa Guinigundo said the consequences do not pose significant risks to the policies in place.

“Tapering does not mean that there is tightening of policy,” he

said. “We don’t expect tapering effects until in the second half of next year.”

“Going forward, the BSP will continue to monitor emerging price and output conditions to ensure the consistency of the monetary policy stance with stable prices and sustainable economic growth,” Guinigundo said.

Thrift banks’ profits increase 44.85% THE 70 thrift banks supervised by the central bank reported total income of P9.488 billion as of the end of the third quarter, up 44.85 percent year-on-year.

Based on Bangko Sentral ng Pilipinas (BSP) data, the mid-sized banking sector as of end-September earned P14.703 billion as noninterest income, 53 percent higher compared to last year’s tally of P9.609 billion. These are profits from treasury

trading.

The banks in the meantime recorded P25.128 billion net interest income, 12.85 percent more than what was reported the same time in 2012.

Interest income is derived from lending activities. Thrift banks, especially subsidiary units of the big universal and commercial banks, have a large portion of the industry’s property and car loans.

As of end-June, the thrift banking sector’s non

performing loans ratio slid to 5.94 percent from 6.13 percent in the previous quarter. The sector had loan loss provisioning of P20.13 billion in the second quarter or up at 77.28 percent from 70.43 percent in March.

The Ayala-owned BPI Family Savings Bank remained the largest of 70 thrift banks with assets of P196.43 billion, followed

by Metrobank subsidiary Philippine Savings Bank with

P116.67 billion.

RCBC Savings Inc. with total assets of P65.70 billion, Planters Development Bank with P53.65 billion and Philippine Business Bank with P42.29 billion completes the top five.

The BSP noted as of endSeptember thrift banks’ return on equity improved to 13.66 percent from last year’s 11.99 percent while return on assets also inched up to 1.66 percent from 1.50 percent.

St at e - r u n G ove r n m e nt Service Insurance System (GSIS) on Friday said that the pension fund will pay P1.19 billion to qualified compulsory life insurance policyholders.

In a statement, Robert G. Vergara, GSIS President and General Manager, said active members whose life insurance coverage have been in force for at least one year as of December 31, 2012 are qualified to receive the cash benefit.

GSIS’ latest payout is 28 percent higher compared with P930 million released last year.

Vergara, however, said that members whose policies lapsed, matured, or were terminated in 2012 and who have defaulted in their salary and consolidated loans for at least 12 months and unpaid premiums for at least 12 months at end-2012 were ineligible to receive their cash benefit.

Likewis e, employees wor k i ng i n su sp e n d e d agencies as of December 31, 2012 are unqualified to receive their cash benefit.

The cash benefit will be automatically credited to the accounts of qualified GSIS members through their GSIS eCards or UMID cards from December 17 to 21, 2013.

“Our servicing banks requested that the release of cash benefit be staggered within the five-day period to ensure that our members receive them before Christmas day and to avoid further delays,” Vergara said.

GSIS earned more than P93 billion in comprehensive income in last year, an increase of 27.3 percent from P73.2 billion in the previous year. The growth was attributed to the pension fund’s heightened effort to collect premium payment as well as the improved performance of the System’s investments.

BIR fails to hit November collection target THE Bureau of Internal Revenue (BIR) has fallen short of its collection target for November.

In a statement, the BIR said it raised P126.46 billion in tax revenues last month, or three percent shy of its

P130.57 billion goal.

The November collection brought the bureau’s revenue haul to P1.12 trillion in the first 11 months of the year, more than the P1.058 trillion a year ago but still short of bir/PAGE 11

G. Leading advocate of entrepreneurship Joey A. Concepcion and Vice Governor and Go Negosyo advocate Joey G. Pelaez welcome the arrival of Planetmobile Technologies in Cagayan De Oro City and Misamis Oriental with its Launching on December 14, 2013. More and more “Mindanaoans” are engaging in entrepreneurship by investing money into a network of entrepreneurs helping each other thru network marketing of known products and services. Planetmobile Technologies empowers ordinary consumers by allowing them to earn BIG and MORE.

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december 14-15, 2013

MSU-IIT Commencement address Congressman Rufus B. Rodriguez delivers the commencement speech during the 44th Midyear Graduation of the Iligan Institute of Technology of the Mindanao State University last November 14, 2013. His speech aims to inspire the graduates to be the best that they can be and continue to pursue their dreams through hard work and dedication.

Energy... from page 2

the Mariveles project is in the province of Bataan. The East Mankayan project, on the other hand, spans three provinces in the Cordillera Administrative Region, namely: Benguet, Ifugao and Mountain Province.

Energy Undersecretary Ramon Allan V. Oca had said earlier that geothermal service contracts start with a five-year pre-development stage.

Afterwards, the developer has to declare commerciality before proceeding to development stage.

The second phase can run from 25 to as long as 50 years, depending on results of exploration tests.

Last week, Basic signed a memorandum of agreement with Trans-Asia Oil and Energy Development Corp. which would allow the latter to acquire a 10% stake in the former’s Mabini geothermal service contract in Batangas.

T he ag re e me nt a l s o provides that such interest may be increased to up to

40%.

Both parties will execute a farm-in agreement once Trans-Asia will have decided on a definitive interest, “depending on the results of t he onshore g ravit y program...” Basic had said.

T h e Ma bi n i s e r v i c e contract requires drilling of one exploratory well by July 2015, according to the company.

The same agreement gives Trans-Asia “the option to acquire up to 60% interest” in Basic’s other geothermal service contracts.

B asic, which is als o involved in oil exploration in Mindoro and Sulu Sea, saw its bottom line swing to a P9.31-million net loss as of September from a P187.66million net income in the same nine months last year.

Revenues fell 91.3% to P20.23 million from P232.48 million, while costs and expenses dropped by a smaller 8.4% to P29.5 million from P32.25 million. Its shares closed at 23.5 centavos apiece yesterday, dow n 2.08% from 24 centavos each on Wednesday.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region BRANCH 38 Cagayan de Oro City NOTICE OF EXTRA – JUDICIAL SALE File Number 2013 – 328

UPON EXTRA – JUDICIAL PETITION FOR SALE under ACT 3135, as amended by Act No. 4118, filed by BANGKO RURAL NG TAGOLOAN ( Mis. Or. ), INC., with office at Door 6, Mortola Bldg., J.R. Borja St. Cagayan de Oro City, against SPS. EMMA B. RODRIGUEZ & EDUARDO E. RODRIGUEZ, residents of Looc, Salay, Misamis Oriental, to satisfy the mortgage indebtedness which as of September 21, 2011, amounts to Four Hundred Fifty Thousand Eight Hundred Forty Five Pesos & 83/100 (Php 450, 845. 83), Philippine Currency, as principal, interest, charges, attorney’s fees and expenses of foreclosure, the undersigned Sheriff or his deputies will sell at public auction on JANUARY 20, 2014, at 10:00 A.M. TO 4:00 P.M. or soon thereafter at the office of the Regional Trial Court, Branch 38, 2nd Floor, Hall of Justice, Hayes Street, Cagayan de Oro City, to the highest bidder, for cash and in Philippine Currency, the following real property, with all improvements found thereon to wit: “KATIBAYAN NG ORIHINAL NA TITULO Blg. P – 32183 TD NO. 0808000904164 PIN – 052 – 08 – 0009 – 012 – 40

A PARCEL of LAND, Lot No. 4508, Case – 4, Cad. 362 - D situated at Barrio Looc, Municipality of Salay, Province of Misamis Oriental, Island of Mindanao.

Bounded on the NE., along line 1-2 by lot 3830; on the SE., along line 2-3 by lot 4393, on the South along line 3 -4 by lot 4391 along line 4 – 5 -6 by lot 4390, along line 6 -7 by lot 4388, along line 7 – 8 – 9 – 10 by lot 3829; on the West along line 10-11 by lot 3826 along line 11 – 12 by lot 3825; on the NW., along line 12 – 13 – 14 – 15 – 16 by lot 3820, all of Cad. 362 – D Salay Cadastre.

XxX, containing an area of Fourteen Thousand Four Hundred Seventy Two (14, 472) square meters, more or less.

All sealed bids must be submitted to the undersigned on the above stated date, time and place.

In the event the public auction should not take place on the said date for whatever reason, the same will proceed on the following working day without need of further notice, posting and publication.

Prospective buyers/ bidders may investigate for themselves the title of the property above described and encumbrances thereon, if any there be.

Cagayan de Oro City, November 18, 2013

FOR THE EX OFFICIO PROVINCIAL SHERIFF:

(Sgd.) REYNALDO L. SALCEDA Sheriff IV BWM: Nov. 30, Dec. 7 & 14, 2013

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ABELLANOSA Lechon House Corner Magsaysay Abellanosa St., Cag. de Oro City MANAGED BY :

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MISAMIS ORIENTAL – Vice Governor Joey G. Pelaez inducted Governor Bambi B. Emano as an Honorary Chairman of the Boy Scouts of the Philippines – Misamis Oriental Council. The Investiture Ceremony was conducted during the Opening Program of the 1st “Happy MisOr” Invitational Jamborette last December 5, 2013 on the grounds of MSU – Naawan, Misamis Oriental. Also present during the ceremony were Naawan Mayor Jaime Roa, Vice Mayor Dennis Roa and Board Member Nancy Madjos.

Rises... from page 1

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titled “Atong Kaugmaon: A Handover of Community Projects and Celebration of the Resiliency of Barangay Ban-ao, Davao Oriental” was BMG’s way of saying its final farewell to the villagers whom it accompanied for a year of journey towards normalcy after Pablo.

“Your journeying with us for one year will never be forgotten.

You inspired and encouraged me to go on. But like a parent, you know that we can now stand on our own,” Ching said.

Moving on: Ban-ao Elementary School Principal Venus Buhat said that the barangay has recovered from the tragedy “due to the help of Balay Mindanaw.” “If Balay Mindanaw did not help Ban-ao, it will be very hard for the villagers to stand again,” she said.

Ban-ao, one of Baganga’s 18 villages, is the hardest-hit barangay in the whole municipality with 17 dead and more than 90 percent of its 520 families homeless with literally no source of income in sight as Pablo also leveled 99 percent of all coconuts.

The village’s vast mangrove area, which the DENR was eyeing as an eco-tourism park, was also decimated. But thanks to the resiliency of the mangroves, new growths are seen sprouting to one day realize the DENR and Ban-aowon’s dream. The devastation was so complete that villagers thought they were the only survivors left. This reality prompted 9-year-old Em-Em to mischievously called survivors “leftovers of the typhoon” — a label that aptly described Banaowons.

Realizing the enormity of the devastation and the lack of help, BMG adopted this barangay after a quick assessment led by BMG chief Charlito “Kaloy” Manlupig and Ariel “Ayi” Hernandez, executive director of the Katilingbanong Pamahandi sa Mindanaw Foundation, Inc. (KPMFI), the enterprise development arm of the BMG through the promptings of Lt. Col. Krishnamurti Mortela, battalion commander of the 67th “Agila” Battalion of the Philippine

Army based in Baganga.

When BMG’s first official aid and volunteers arrived here on Dec. 8, 2012, “Four Strong Winds” blared on the car stereo as volunteers and village folks cleared the debris scattered all over the place. Now, a year later, the lyrics of Neil Young’s famous anthem played as a tribute to the village folks who have since found their bearings and are “moving on.”

“We lost everything. Our houses, our livelihood and our friends; some even lost their relatives. Nothing is left here,” Ching once said. They may have lost everything, but not their resiliency — their innate strength, talents and abilities to rise to the challenge of Pablo, which they handily won.

Barangay-based DR: Prior to BMG’s arrival, the residents organized themselves and salvaged still useful housing materials to repair what they can of their destroyed houses to shelter them from the constant rains and winds and the searing heat of the sun.

“I often wondered what the overall feeling in this village before Pablo was. But now, the feeling of unity and oneness is so palpable in everyone that I can’t just feel or sense it but also see it in the people, in the way they help each other cope with the disaster,” said Ed Cox, expert disaster response and humanitarian volunteer of the Disaster Aid International (DAI).

“Yes, you can see sadness in their eyes. But you can also see there the fire of hope burning.

And it is our job, our work, our responsibility to make sure that this fire of hope in them is not extinguished. It is our job to convert this hope into positive action for them to be able to help themselves. That’s the meaning of assistance,” he added.

Thanks in part to BMG — its partner institutions like the DAI, Johanniter International Assistance, German Cooperation Deutsche Zusammenarbeit, and most especially to the thousands of volunteers who were mobilized by the Archdiocese of Cagayan de Oro and the VOICE Network, including the St. John Vianney Theological Seminary, Philippine

Nurses Association, Xavier University and the Sendong survivors of Barangay Indahag — this hope propelled Ban-aowons to rebuild a devastated community and lives, even if it means literally picking the pieces and putting them back together. It was also this hope that led Ban-aowons, led by Ching and helped by BMG, to buy a four-hectare lot in the village as their new barangay site (barangay hall, etc.) and relocation site of 100 families.

Model DR As the world focused and pour resources on Compostela Valley, another Pablo-devastated province, BMG poured out its heart on this small village where the super typhoon made landfall.

While the world’s disaster and humanitarian organizations poured relief goods on the survivors of other towns and villages, BMG journeyed with the Ban-aowons using its time- and experienceproven approach in all its work.

“Instead of treating the survivors as mere recipients of aid, they are considered as they key stakeholders in the difficult task of community re-building. Our intervention [covered] the whole range of community needs: from organizing to provision of basic needs of food, water, medicines, etc.” Manlupig said. This is the same approach now being employed by BMG in its disaster response and humanitarian work in the earthquake-ruined Bohol and Super Typhoon Haiyan (Yolanda)devastated Ormoc and Panay.

“The main idea is to focus our resources on one barangay at a time instead of spreading them all to the 42 barangays of the three hardest-hit municipalities at the same time. After all, barangaybased and barangay-focused development, disaster response and peacebuilding work is one of our key strengths,” Manlupig added.

Sylvia “Ibing” OkinlayParaguya, vice chairperson of the Balay Mindanaw Foundation, Inc. (BMFI), said that “barangaybased rehabilitation [has] once again [been] proven to be a viable approach.” Paraguya, executive director of the Coop-NATCCO, explained that BMG’s approach is very effective because “data

comes from the community; needs are identified by them.

And community-based assessment has helped them process their own fears of what they went through.”

This “local stakeholder” approach ensured that everyone in the devastated village get a fair share of the resources as well as gave them ownership of their own sustainable future. It was this approach that made Ban-ao a model of an effective disaster response work. This was the raison d-etre of BMG’s Disaster Risk Reduction, Resiliency and Emergency Assistance Mission (DREAM) program , whic h “facilitated” the “convergence of efforts” of all key players resulting to the rising of the “new Ban-ao.”

“Despite the unfavourable fate we had in the past year [2012], there is always a reason to celebrate a new life, a new beginning,” said barangay chairperson Ching.

And for BMG, its journey with the people of Ban-ao is a great learning experience.

“BMG learned a lot from its journey with the people of Banao, and this has greatly helped us as we began our journey with the people of Bohol, Leyte and Panay,” Manlupig said.

Jetti...

from page 4

for completion and targeted for commercial operation around July 2013.

“Next year’s forecasted growth also factored in 10 additional stations in Northern Luzon that the company plans to put up following the opening if its new Bataan depot,” the company official added.

Toyota... from page 4

The Executive and Legislative departments have both introduced measures aiming to boost the competitiveness of Philippine auto manufacturing. The auto industry is optimistic that these measures will help establish the Philippines as a strategic production base in the Asia Pacific region.

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Puregold... from page 1

27) this year. On Friday, Dec. 13, 2013, puregold further strengthens its solid relationship with the people of Mindanao, as it formally open its PuregoldCagayan de Oro branch.

For over a decade, Puregold has successfully established a well-trust and respected reputation in the Philippines as a provider of the best hypermarket shopping experience for every hard-working Filipino consumer.

Puregold is a leader in the hypermarket industry in terms of its unmatched customer service and its advocacy to provide Filipinos with their complete shopping needs and best value for their hard-earned money.

“Puregold is very customer oriented. We always aim to provide the best hypermarket shopping experience to our loyal customers. We are very pleased to bring to the kagay-anons a one-stop shopping experience, ” says Tonio Delos Santos, VP for Operation of Puregold Price Club Inc. One of the customer-based program that is very unique and exclusive to Puregold that Kagay-anons can now avail of is The Tindahan ni Aling Puring Program (TNAP) the TNAP is a program that is part of Pureegold’s mission to provide not only quality products and topnotch services, but also profitable business opportunities for every Filipino family. TNAP is designed specially for small and medium scale entrepreneurs, which include sari-sari store owners, carinderia/canteen owners, caterers, and other kinds of resellers. The central objective of TNAP is to assist and support every Filipino family in augmenting and puregold their income and Puregold is very happy and eager to make this program available for every Kagay-anons.

Everyone can be a member of TNAP for free and enjoy perks

such as the instant Ka-Asenso Welcome Kit; the chance to get free Aling Puring Super Suki Sim for an additional mobile phone loading business; a pointsrebate redemption programn for members to enjoy (as high as 4% rebate on purchases); free delivery; call/order pick-up service; exclusive promo deals such as Kitang-Kita Packs and Kitang-Kita Case, Gold Deals, and special invites to events such as Negosyo Sessions and the anual Tindahan ni Aling Puring Sari-Sari Store Convention; a bi-annual “Asenso Booklet” that contains TNAP updates and testimonials; and a whole lot more.

Puregold is known throughout the country for its reasonable prices and a wide assortment of items. Puregold boasts the facts that it strived to continually give special offers and discounts to its customers. Customers are always guaranteed to get the best deals and as a bonus they also stand to win in exciting promos.

For its grand opening in Cagayan de Oro City, Puregold launches a Buy 1 Take 1 promo on selected items for an entire week from its opening date.

Puregold is also celebrating its 15th year with its “15th Annibersaryo Raffle Promo” where a lucky shopper has a chance to be a millionaire every week with over 15 million worth of prizes at stake.

Ongoing promotions also include its “Car-rific Promo” for wines and liqiuor where you can win 2 Toyota Vios and Puregold-Palmolive’s “Auto Panalo Raffle Papremyo” promo where a Mercedez Benz is the grand raffle prize.

Kagay-anons can also be on the look out for Puregold’s Orange Tag that signifies marked down, quality items. “we at Puregold are very happy to be a part of Cagayan de Oro”, says Tonio Delos Santos. It is our sincerest desire to bring the Puregold shopping

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region Branch 28 Mambajao, Camiguin IN THE MATTER OF PETITION FOR ISSUANCE OF OWNER’S COPY OF CERTIFICATE OF LAND OWNERSHIP AWARD (CLOA) OF TITLE 679, LOT NO. 1512, OF THE REGISTRY OF DEEDS OF CAMIGUIN,

MISC. CASE NO. 131

experience to all Kagay-anons.

Mr. Delos Santos adds, “Puregold wants to be a part of Cagayan de Oros’s continuous development. With open arms and a hopeful heart, we welcome everyone to our Cagayan de Oro store. Sa Puregold Always Mura, Always Bago, Always may Promo, Always Panalo.” (With a report from Lavie Casenas)

Shut... from page 1

president.

The PDIC said it would conduct a forum on Dec. 11 at the campus of the Mindanao State University Graduate School to inform depositors and borrowers of Sarangani Rural Bank of the requirements and procedures for filing their deposit insurance claims.

Traces... from page 5

contamination, nawawala na yung choice na yun,” said Ocampo.

It also undermines the choice made by consumers who opt not to consume GM corn. Ocampo said it also violates the National Organic Agriculture Act which states that for organic agriculture to be considered as such, “the biotechnology herein shall not include genetically-modified organisms or GMOs.” Preventing cross-pollination is possible However, Dr. Saturnina Halos, a biotechnology consultant with the Department of Agriculture whom Greenpeace has previously described as “an aggressive defender of GMOs”, says there are ways to keep GM and non-GM crops from cross-pollinating.

For instance, GM and nonGM should be planted 27 days apart. They can also be planted far from each other. The GM and non-GM corn varieties can should be planted 500 meters apart in order to prevent crosspollination.

They can also be separated

from page 6

its P1.163 trillion target for the January to November period of this year.

The agency, which accounts for two-thirds of government tax revenues, said its Large Taxpayers’ Service raised P83.04 billion, or a quarter higher than a year ago.

The bureau is tasked to raise P2.07 trillion this year to help the government keep its budget deficit below a P238 billion ceiling.

FC SP. PROC. CASE NO. 004 - M

SPOUSES NOEL SALVACION ACENAS and RIZ SENERPIDA ACENAS

Petitioner, x---------------------------------------------/ ORDER

ATTY. ALMA CONCEPCION M. PARREÑO, In her capacity as Ex-Officio Register of Deeds Of Camiguin.

X------------------------------------------------------------/ ORDER

Let this case be set for hearing on March 4, 2014 at 8:30 o’clock in the morning, at this court. Persons interested in this petition are required to answer and appear before this court on the aforesaid date and make known their opposition thereto.

Let copy of this Order be published at petitioner’s expense once a week For three consecutive weeks prior to the date of hearing in any newspaper of general circulation in the Province of Camiguin.

For a period of fifteen (15) days prior to the date of hearing, at the expense of the petitioner, let a copy of this order and of the petition be posted at the bulletin boards of the entrance door of this Court, Hall of Justice, Mambajao, Camiguin, Public Market, Catarman; Camiguin ;Municipal Hall, Catarman, Camiguin; and Provincial Capitol, Mambajao, Camiguin.

SO ORDERED. Mambajao, Camiguin, November 19, 2013

BWM: Dec. 7, 14 & 21, 2013

BIR...

REPUBLIC OF THE PHILIPPINES SUPREME COURT REGIONAL TRIAL COURT 10th Judicial Region Branch 42 Medina, Misamis Oriental -oOo-

- versus –

by tall crops of a different species to prevent pollinators, like bees and other insects, and wind from transporting pollen from one variety to another.

“These practices have been used for years by plant breeders to prevent cross-pollination,” she said in an email interview with GMA News Online, Thursday.

“GM crop farmers have the same rights as organic farmers to use the best farming system for them. Neighboring farms using different systems who would like to prevent cross-pollination between their varieties should plan their planting together,” she also said.

However, this plan to work together might be a difficult feat to achieve.

In August, anti-GMO groups Kilusang Magbubukid ng Bikol and Sikwal-GMO destroyed a Golden Rice field-testing ground under the belief that it will harm their own crops.

It prompted a Change.org petition signed by over 6,000 plant scientists worldwide condemning the destruction of the field-testing site.

“No group, regardless of its intentions, has the right to condemn a technology without evidence. It is an unconscionable criminal act to destroy a field trial conducted in accordance with international safety norms,” their statement said.

To date, there is no conclusive study saying whether GMOs are harmful or not in the long run.

IN THE MATTER OF ADOPTION, OF THE MINOR RINZ SALVADOR CO WITH CHANGE OF NAME TO RINZO SENERPIDA ACENAS,

MA. THERESA REGINA T. TADLIP, Petitioner,

(Sgd.) JEOFFRE W. ACEBIDO Acting Presiding Judge

11

www.businessweekmindanao.com

On February 7, 2013, petitioners SPOUSES NOEL SALVACION ACENAS & RIZ SENERPIDA ACENAS, through their counsel Atty, Pedro Q. Polinar, filed a petition to adopt minor RINZ SALVADOR CO, who will then use the complete name RINZO SENERPIDA ACENAS, if the petition is granted.

On September 13, 2013, petitioners - spouses submitted proof of its compliance with R.A. 9523, as directed in the February 25, 2013 Order.

Since the petition and its attachments are substantially sufficient in form and substance, the petition shall be heard on March 18, 2014 at 8:30 o’clock in the morning , at Regional Trial Court – Branch 42, Medina Misamis Oriental.

At petitioner’s expense, let copy of this Order be published before the date of hearing at least once a week for 3 successive weeks in Business Week, a newspaper of general circulation in the province of Misamis Oriental.

The Court Social Worker Ms AIDELIZA JUSON LUMBATAN is hereby ordered to prepare and submit the Child Study Report and Home Study Report before the hearing date. Upon receipt of this order, the petitioner’s & or their counsel should immediately coordinate with the Court Social Worker for the preparation of the reports.

Further, Court Social Worker Ms AIDELIZA JUSON LUMBATAN is directed to conduct counselling session/s with KEMBERLY B. CO and submit her report before the hearing date.

Let a copy of this Order be furnished to the Office of the Solicitor General, through the Office of the Provincial Prosecutor – Province of Misamis Oriental, the Department of Social Welfare & Development – Field Office No. 10 through its Regional Director, and Kemberly B. Co, the biological parent.

Lastly, notify the Solicitor General of the hearing date, since there is a prayer for change of name.

SO ORDERED.

Done in Chambers on September 24, 2013 in the Municipality of Medina, Province of Misamis Oriental.

(Sgd.) JUDY A. SIA GALVEZ

Presiding Judge

BWM: Nov. 30, Dec. 7 & 14, 2013

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL Branch 25 10th Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE EJF FILE NO. 2013-327

Upon Extra-Judicial petition for sale under ACT 3135 as amended filed

by BANGKO RURAL NG TAGOLOAN ( Mis. Or. ) Inc. Mortgagee, against SPS LESSIUS L. RAVIDAS. and VERNA M. RAVIDAS, Mortgagors residing at # 106 Purok 8, Tablon, Cagayan de Oro City to satisfy the mortgaged indebtedness amounts to ONE MILLION FOURTEEN THOUSAND TWO HUNDRED NINE PESOS & 67/100 ( P 1, 014, 209.67 ) as an outstanding total loan balance due as of 5-23-11, and shall pay twenty ( 20%) percent of the amount due on the note as attorney’s fee which shall in no case be less than Five Hundred Pesos ( P 500.00 ), exclusive of all costs & fees allowed by law and stipulated in the Mortgage Contract, plus five ( 5% ) per cent per month and five ( 5% ) penalty no the past due loans as provided for by Moneboard; and all other necessary expenses incident to the enforcement of the sale, the undersigned Sheriff will sell at public auction on January 23, 2014 at 10:00 A.M. or soon thereafter at Regional Trial Court, Branch 25, Arch, Hayes Street, Hall Of Justice, Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the herein described property, to wit: TRANSFER CERTIFICATE OF TITLE NO. T -47964 “A PARCEL OF LAND ( Lot 19098-B-1, Psd-10-007087, being a portion of Lot 19098-B, ( LRC ) Psd - 258669 ), situated in the Barrio of Tablon , City of Cagayan de Oro, Island of Mindanao. Bounded on the NE., along line 4-5 by Lot 19098-B-3., on the SE., along line 5-1 by Lot 19098-B-2, both of the Subdivision Plan Psd-10-007087., on the SW., along line 1-2 by Lot 19098- A, ( LRC) Psd-258669,, on the NW., along line 2-3 by Lot 19096., along line 3-4 by Lot 19096, both of Cad-369-D, Cagayan Cadastre Extension. Containing an area of SIX HUNDRED FIFTY FOUR ( 654 ) SQUARE METERS, more or less, including all existing improvements found thereon, Registered in the name of LESSIUS L. RAVIDAS married to VERNA M. RAVIDAS.” TD NO. C – 032478 PIN NO. 164 – 02 – 045 – 07 – 016- B – 1 “A PARCEL OF One ( 1 ) Unit of Residential Building erected on the same Lot. Containing an area of SIXTY NINE pt. FOURTY ( 69.40 ) square meters more or less. Owned and declared for taxa-purposes in the name of LESSIUS L. RAVIDAS & VERNA M. RAVIDAS, with assessed value of TWENTY TWO THOUSAND FOUR HUNDRED THIRTY PESOS ( 22, 430 ) and described as follows: RC, CHS, PC PLYWOOD, MARBLE, SLABS, FLUSH DOORS, ROOF – G.I.”

All sealed bids must be submitted to the undersigned on the above stated, time and place.

In the event the auction sale cannot take place for whatever reason, the same will proceed on the following working day, without further notice, posting and publication.

Prospective buyers/bidders may investigate for themselves the title herein described property and encumbrances thereon, if any there be.

Cagayan de Oro City, November 20, 2013

FOR THE PROVINCIAL EX – OFFICIO SHERIFF:

(Sgd.) LOVE M. VERDADERO

Sheriff IV

BWM: Nov. 30, Dec. 7 & 14, 2013

BusinessWeek MINDANAO

12

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

december 14-15, 2013

Feature

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

Nestlé agronomist Jeremie Laurente conducts a farmer training session in Brgy. Sayawan, Impasug-ong, Bukidnon, during one of the stops of the farmer caravan's Mindanao leg.

Nestlé brings farmer caravan, opens buying stations in Mindanao

N

estlé Philippines recently kicked off the latest leg of its farmer caravan in Mindanao, visiting several key coffeeproducing areas to provide local farmers with training and assistance in the areas of coffee production and post-production.

Among the places visited by the caravan were Tagum City, Davao del Norte; Valencia City, Bukidnon; General Santos City, South Cotabato, and nearby areas. During each visit, Nestlé agronomists imparted knowledge about proper harvesting conditions and methods; discussed post-harvest processes such as f loating, building all-weather dryers and hulling; and shared information about the Nestlé Quality Grading and Standards, the company’s criteria in purchasing coffee beans, which includes moisture content and cup taste.

Apart from offering training programs, the Nestlé farmer caravan also informs farmers about the opening of Nestlé satellite buying stations, where they can directly sell their coffee produce to the company at rates competitive with the global market prices. The Nestlé buying station in Tagum City subsequently opened on October 14, while the ones in Valencia City and in General Santos City started operations on October 21.

The Farmer Caravans to support the opening of the buying stations are at the core of Nestlé’s Farmer Connect Model, a direct buying program that encourages small farmers and small-scale intermediaries to sell their produce directly to Nestlé. The model is a key program under the NESCAFÉ Plan, Nestlé’s global initiative that supports responsible coffee farming, production and consumption.

“The Nestlé farmer caravan is specifically designed to provide end-to-end support to our coffee farmers,” said Jeremie Laurente, North Mindanao Agronomist, Nestlé Philippines. “We share information and methodologies that can help them improve their harvests through our training programs while the announcement of the buying station openings provides them with an opportunity to immediately benefit from their produce,” added Art Baria, Assistant Vice President and Head of Agri-Services, Nestlé Philippines.

The caravan is set to visit Sultan Kudarat during the last part of the year before moving on to other buying stations in 2014.

Nestlé agronomist Eddie Baylin conducts a farmer training session in Brgy. Sta Juana, Tagbina, Surigao del Sur, during one of the stops of the farmer caravan's Mindanao leg.

Centrio Ayala Mall hosts the 2013 Independent Film Festival on adolescent reproductive health with the theme: "Toga Muna, Bago Trahe de Boda", December 12, 2013. Photo by Glenn Palacio

Students viewed the various films that were shown during the 2013 Independent Film Festival on adolescent reproductive health with the theme: “Toga Muna, Bago Trahe de Boda”, December 12, giving them a greater knowledge on reproductive health. Photo by Glenn Palacio

JICA, LWUA and COWD officials pose for posterity following the Formal Turnover of the P52-M grant from the Japanese International Cooperation Agency for the Rehabilitation of the Cagayan de Oro City Water District following Tropical Storm Sendong. (from left) Joel Baldelovar, member, COWD Board of Directors; Kessy Reyes, JICA Program Officer; Kag. Roger Abaday; 1st Sec Ryutaro Aoki, Embassy of Japan; Takahiro Sasaki, Chief Representtive, JICA Phil Office; Rachel Beja, COWD Gen Manager; Eduardo Santos, LWUA Acting Administrator; Ruben Vegafria, Chairman, COWD Board of Directors, COWD AGM Jong Batar and COWD AGM Ray Tablan. Photo by Mike Baños, NPM