BusinessWeek Mindanao (December 17-18, 2014)

BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 81

Market Indicators

As of 6:12 pm dec. 16, 2014 (tuesday)

FOREX

PHISIX

US$1 = P44.71

7,160.38 points

4 cents

X

115.24

X

points

Briefly Oplan Listo THE Department of Interior and Local Government (DILG) has conducted a regional launching cum orientation on Oplan Listo in Cagayan de Oro. Oplan Listo is one of the initiatives of the Department to strengthen further the capacity of the local government units in responding to disasters.

As the overall responsible agency for disaster preparedness, DILG has identified sets of relevant interventions that aim to create an enabling environment for local government units (LGUs) toward mitigating the adverse impacts of disasters and climate change. One of these interventions is the Oplan Listo, of which the LGU Disaster Preparedness manuals are developed as guide for LGUs’ actions.

According to Atty. Rene K. Burdeos, regional director, DILG-10, the project will provide a clearer vision of the objectives and rationale of the manuals and also identify the key roles and responsibilities of the stakeholders.

www.businessweekmindanao.com

Wed-Thu | December 17-18, 2014

P15.00

300 ‘Sendong’ victims remain unidentified THREE YEARS AFTER:

O

By FROILAN GALLARDO, MindaNews

VER 300 victims of tropical storm Sendong (international name: Washi) buried in unmarked graves here and in nearby Iligan City have remained unidentified despite DNA tests conducted by the National Bureau of Investigation medico-legal teams three years ago.

Dr. Tammy Uy, NBI Region 10 medico-legal chief said money to buy the

chemicals to complete the identification process had victims/PAGE 7

Oro Council okays 5-year comprehensive dev’t plan

By IRENE DAYO, Staff Writer

STILL HOPEFUL. Alma Beromoy, 36, holds the pictures of her missing children in her house at the Sendong relocation site in Phase 1, Barangay Indahag, Cagayan de Oro City on Dec. 15, 2014. Beromoy hopes DNA tests can bring closure to the fate of her five missing children who were washed away by flashfloods triggered by tropical storm Sendong on Dec. 17, 2011. mindanews photo by froilan gallardo

THE Cagayan de Oro City Council on Monday has approved the city’s five-year Comprehensive Development Plan, from 2014 to 2019.

In its regular session

presided by Vice Mayor Caesar Ian E. Acenas, the 17th City Council passed O rd i n anc e No. 1 1 8 8 3 2014 which aims to have okays/PAGE 7

Lapanday building P350-M Davao industrial park

By CARMELITO Q. FRANCISCO, Correspondent

Task Force Siga DIGOS City -- As Christmas day nears, the Davao del Sur Electric Cooperative (Dasureco) is doubling its efforts to energize the 1,500 new connection applicants on hand beginning Monday.

Engr. Godofredo Guya, Dasureco general manager, said that Task Force Siga has been revived to speed up service dropping works so that all these new households will have electricity before Christmas day.

As of this writing, Guya said the Task Force Siga is on its second day of doing massive service drop works of the 275 households in barangays Barrio Bukid, Camalian, Butolan, Nuing and Sugal of the second farthest municipality of Jose Abad Santos.

DAVAO City -- Lapanday Prop er t ies Phi lippines, Inc. is investing ab out P350 million for its First Mindanao Industrial Park project and attached residential components, with the industrial lots intended for sma l l and me dium enterprises.

R i c ard o Ni c anor N .

Jacinto, project manager of Ciudades where the 20-hectare park will be

located, said the first phase of the development covering 3.5 hectares is now complete.

“We are already developing the rest of the area,” said Mr. Jacinto, adding that the target completion date is mid-2015.

The company, according to Mr. Jacinto, has already started talking to possible locators, among them information and communications as well as light industrial companies park/PAGE 7 NEW CLASSROOM. High school students of Inawayan National High School in Inayawan, Davao City can now look forward to having a better learning environment with their new one-storey, two-classroom classroom building (inset)courtesy of Aboitiz Foundation. Therma South, Inc., Aboitiz subsidiary, turned-over the new school building to the Department of Education (DepEd) in a ceremony held December 5 and witnessed by students and faculty.

Therma South is currently on its final stages

of constructing a 300MW thermal power plant in the boundary of Davao City and Sta. Cruz, Davao del Sur which is expected to be completed early next year.

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776

photo provided

BusinessWeek MINDANAO

2

Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

wed-thu|dECEMBER 17-18, 2014

Banking&Finance

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

Despite Moody’s rating lift, OFW cash transfers hit new monthly record PH still seen as ‘underrated’ FINANCE Secretary Cesar V. Purisima said the Philippines deser ves another credit rating upgrade given inroads in trimming its debt and improving its revenue.

T h e D e p ar t m e nt of Finance (DOF) chief issued that statement days after Moody’s Investors Service elevated the country further to investment grade territory.

“We welcome news of yet another credit ratings upgrade as a recognition of the robust foundations we built through good governance reforms and prudent fiscal management.

Four years down this road, we are growing ever firmer in our conviction that good governance is indeed good economics,” Purisima said, adding that Moody’s latest move is the 21st positive credit rating action bestowed on the Philippines since the

start of President Aquino’s term.

“We believe the Philippines is still a notch underrated,” Purisima however said.

Under Moody’s scale, the Philippines is now rated “Baa2,” or two notches above “junk” status, after the debt watcher last year delivered the country its first upgrade to “investment” status. Moody’s latest move puts it ahead of the curve vis-à-vis Fitch Ratings and Standard & Poor’s, both of which had ranked the Philippines as investment grade months earlier in 2013.

Purisima said reforms the Aquino administration put in place has enabled it to improve its revenue performance, with its taxto-GDP ratio rising to 14.08 percent at end-September.

The government is aiming

for a 16.6 percent ratio by the end President Aquino’s term.

GDP refers to gross domestic product, which is the amount of final goods and services produced in the country and as such measures economic performance.

Besides the improvement in the tax effort, Purisima also cited the country’s easing debt burden, which has fallen to 37.3 percent of GDP at end-June from 44.3 percent in 2010. The debt-to-GDP ratio peaked at 68.1 percent in 2003. “ T he s e e f for t s have bu i lt st rong e c onom i c fundamentals with which we will continue to fuel our positive growth trajectory.

Improving revenue collection and lowering debt service have increased fiscal space to fund critical investments for

our people. In just four years, good governance has freed up fiscal space to allow us to almost double our education and public works budgets, to triple our health budget, and quintuple our social welfare budget,” Purisima said.

Despite its recent fiscal gains, the DOF chief said much work remains to be done, citing pending legislation.

“We look to comprehensive and equitable tax reform to align with our peers in ASEAN, enhancements in tax administration, the expansion of t he Tre asur y Sing le Account, as well as the passage of our priority initiatives pending in Congress such as customs modernization, as well as the rationalization and transparency of fiscal incentives,” he said. moody’s/PAGE 6

MONEY s e nt home by overseas Filipino workers (OFWs) notched a new monthly record at the start of the fourth quarter.

In a s t at e m e nt , t h e Bangko Sentral ng Pilipinas (BSP) said cash remittances climbed 7 percent to $2.224 billion last October from $2.079 billion in the same month last year.

The BSP said last October’s money transfer was the biggest for a month since it started tracking remittance data.

Last October’s transfers brou g ht t h e 1 0 - m ont h tally to $19.9 billion, or 6.2 percent more than the $18.716 billion in the same period last year.

Including in kind transfers, personal remittances rose 6.7 percent to $22.02 billion at endO c t o b e r f rom $ 2 0 . 6 4 1 billion in the same period

last year.

According to the BSP, stable demand for skilled Filipino workers was responsible for the record remittance transfers.

Citing data from the Philippine Overseas Employment Administration (POEA), the BSP said the country received 768,741 job orders in the first 10 months of this year, of which more than a third were for service, production and professional work in Saudi Arabia, United Arab Emirates, Kuwait, Taiwan and Qatar.

Remittances help fuel consumer spending, which accounts for two-thirds of the Philippine economy.

In the f irst half of the year, the country’s gross domestic product expanded by 6 percent year-on-year on the back of household expenditures and exports.

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

thursday|dECEMBER 18, 2014

3

BusinessWeek MINDANAO

Opinion

Best in Business and Economic Reporting

4

Philippine Press Institute Civic Journalism Community Press Awards 2013

wed-thu|dECEMBER 17-18, 2014

BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

DANTE M. SUDARIA Publisher ROSE MARY D. SUDARIA, Ph.D. General Manager

NELSON CONSTANTINO Editor-in-Chief

ALLAN mario MEDIANTE Executive Editor

Alejandrae Uy

cHENG oRDOñEZ

Section Editor

Associate Editor

SHIELA gosanes

CLIFFORD SANTILLAN

ATTY. MARIO T. JUNI

Cris diaz mike baños Uriel quilinguing Joe felicilda joe palabao Editorial Consultants

Layout Artist

Advertising

Cell No: 09352379999

Juni Law Office Cruz Taal St., Cag. De Oro City Legal Counsel

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Advertising and Promotions every Friday to Sunday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Department of Trade and Industry (DTI), Region 10 with Certificate No. 00875701, and with Business Permit No. 2014-04917, TIN No. 946396-807 – Non VAT. Tel. Nos.: (088)8578447, 74-5380, 0923-432-0687, 0917-7121424

Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com Member: Philippine Press Institute

Just a Spoonful

T

hink a minute…In 1919, just after World War I, the cholera disease broke out all over Europe killing many thousands of people.

The British government sent doctors all over the world to find a cure for cholera. These doctors later came back and said that the Chinese did not get cholera because they boiled their water before they used it. Soon all the radios and newspapers in England were telling everyone to boil their water before they drink it.

They even sent this message to the Pacific Islands since they had British soldiers there. Yet later, they heard that the cholera disease had still broken out in the islands killing many thousands of Islanders. The British leaders questioned the people in the island villages and asked them if they were boiling their water? The Islanders answered yes, they definitely were boiling their water to drink.

But this is how they did it. They boiled just a small amount of water and put it in a bottle. Then only once or twice a day, they would get the bottle and drink a small teaspoon of the boiled water, like taking medicine. Then they would put the bottle away again and the rest of the day they drank unboiled, dirty water.

No wonder people still got

THINK

A Minute

By Jhan Tiafau Hurst

cholera and died!

Yet many of us do that with Jesus Christ. We don’t want to live Jesus’ way every day, so we go to church one day a week to feel better about ourselves. Then we go back to living our own way the other 6 days of the week. Or, if we’re not religious church people, we think that if we’re a good, kind person, then God will accept us into heaven after we die.

But just like 1 teaspoon of clean water a day will not keep you healthy, only 1 day a week of living for Jesus Christ, or just trying to be a good person, is not even close to our Maker’s standard of pure goodness.

The only kind of goodness God can live together with is perfect, pure goodness of all our thoughts, motives, words, and actions 24 hours a day, 7 days a week.

Think a Minute…

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

Between the Years

D

id you also start as early as September longing for Christmas? This year I did do! Christmas is a very special season for me and my family.

Many times we are really too much in a hurry while feeling uncomfortable if we noticed how time flies. Yes, my late grandmother was right, when she said: The older you become, the faster time passes by. My mother, now 91, tells us the same.

Yes, I am 61 now. I can only strongly agree with them.

When I was still a teenager, I was longing for the time being an adult already. Later, I enjoyed listening my late grandmother (born 1898!) stories such as “Once upon a time” or “When I was young” from her yesterday’s life... .

After a couple of years, especially while observing that time really flies like a racket to the moon, I also go

the same question in mind: Are the present hours and days less valuable?

Of course, each day has its own set of happiness and trials. But it holds also very high possibilities of how we take the initiative to do or to move something, if ...!

Yes, the luring term IF let us look into the future with an over “glistening” eye: IF I will finish my studies - IF my children become adults - IF I might become rich and win in the lottery, yes IF! And then?

Christmas is just around the corner, if you might read this. The next turn of the year is following soon. For most of us it’s time to come to our senses. The future prospects smile at us already.

What might the New Year bring us? Is life in future easier, nicer, more charming and being more fulfilled compared to the present or

the almost finished 2014?

The thoughts fill me with horror, because tragicomic future visions can easily blur away our present day.

A possible topsyturvy world of a golden youth tries to let us forget that also the past have had its shares of disappointments, pains, tears, darkness, tricky as well as desperate days... yes, lost days, irretrievable t i me. . . . We d re am ou r impossible drams from last year, this 2014 to the future and vice versus. We forget that between yesterday and tomorrow is our valuable presence. Well, now well then - if we know how to fulfill this period.

I will be taking a short break from many tasks and appointments. I will be trusting in God, because He takes care of me and my future. A very Merry Christmas to all of you,

H ave M y Say

By Klaus Doring

my dear readers - also from this corner. Don’t allow daily hectic and stress of this season kill your senses.

Christmas is more than shopping...! +++ Email: doringklaus@gmail. com or follow me in Facebook or Twitter or visit www. germanexpatinthephilippines.blogspot.com or www. klausdoringsclassicalmusic. blogspot.com.

Haven’t These Happened in Bilibid Before?

L

IFE’S INSPIRATIONS: “…`This will be a sign to you: You will find a baby wrapped in cloths and lying in a manger’…” (Luke 2:12, the Holy Bible).

-ooo SO WHAT IF CONVICTS ARE WHOOPING IT UP INSIDE BILIBID? HASN’T THESE HAPPENED BEFORE? Ok, so Justice Secretary Leila De Lima exposed the favored life that some convicted felons are leading right inside the National Penitentiary or the Bilibid. But what is going to happen after this expose? The air conditioned rooms and mind-boggling instruments and gadgets will be removed? Some lowerlevel- prison officials will be investigated?

And then, after a while, everything is going to be back to business once again at the Bilibid? Filipinos have short memories, convicted c r i m i n a l s c o nt i nu e t o rake in money even under supposedly strict guarding by jail authorities, and officials will continue to succumb over and over again to bribes.

In no time at all, the air conditioned rooms and the out of this world amenities will be there once again.

So what must we do?

Nothing. The only reason

why convicted criminals are able to get away enjoying the lifestyle of the rich and the famous, even when they are confined inside Bilibid, is that officials supposedly keeping watch over the felons collude with them in the commission of these anomalies. Against these officials, there is nothing much we can do, really.

Hasn’t all these happened before?

-ooo OF KINGS AND RIVALS: Many consider this as fiction.

Yet, it is a fascinating story about love and forgiveness which had been proved true many times, through the passage of time. It started when a powerful king was told that two of his rival kings had conspired to attack his kingdom. The powerful king and his constituents got very afraid, and started shaking like trees swayed by strong winds, not knowing what to do.

God saw the unspeakable fear that gripped the powerful king and his people, and He felt obliged to tell this king that there was nothing to be afraid of, that the rival kings would die even before they could stage their assault. So God sent to him one of His prophets, the one named Isaiah, to confirm God’s

protection for the king and his kingdom.

Yet, the king did not b e l i e ve G o d’s m e ss age spoken through Isaiah.

The king chose instead to entertain his fear of his rivals.

Angered by the king’s lack of faith in God, Isaiah directed him to ask for a sign from God, either from the highest heights or from the deepest deep, so God could confirm His message of hope. But the king persisted in his lack of faith.

-ooo THE BOY IS “MIGHTY G O D, E V E R L A S T I N G FAT H E R” : Is ai a h t h e n bellowed, “if you do not want to ask for a sign, the Lord Himself will give you a sign”, to affirm the truthfulness of His message of comfort to the beleaguered king. The sign? Isaiah said it is going to be a virgin, or a pure young woman, or a chaste maiden, conceiving and then giving birth to a son who will be called by her as Emmanuel.

It was not explained why Isaiah gave this particular sign. But it was sure not just an ordinary prophetic sign. It confirmed that God Himself will come down from heaven, assume the form of a human baby, so He could be with His people, so He could save them from

K akampi

Mo A ng Batas

By Atty. Batas Mauricio

sin and eternal destruction.

Many will contest that the virgin’s son is God Himself. Yet, Isaiah made sure everyone understood that the “son” is going to be God Himself, because, in another prophesy he made, he said the boy will be called “Mighty God, Everlasting Father”. Can God do this, assume human form and start off as a boy, so He could save sinners? Spaniards (or Italians?) have a way of saying this: “con Dios sin limites”.

Praise God!!!

-ooo REACTIONS? Please call me at 0917 984 24 68, 0918 574 0193, 0922 833 43 96. Email: batasmauricio@yahoo.com, melaniolazomauriciojr@ o u t l o o k . c o m , mmauriciojr111@gmail.com.

-30-

“I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance…

Unless you have a lot of passion about this, you’re not going to survive. You’re going to give it up. So you’ve got to have an idea or a problem or a wrong that you want to right that you’re passionate about; otherwise, you’re not going to have the perseverance to stick it through.”

-- Steve Jobs

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

CorporateWorld

SM rolls out online retail platform THE SM Group is joining the e-commerce wave with the launch of its department store’s online retailing site.

In a statement, the SM Store said it unveiled shop. thesmstore.com, which will showcase men’s, women’s and children’s accessories, apparel, bags and shoes as well as luggage and gift ideas.

Henr y Sy-owned SM Store is targeting nationwide coverage in 2015 following the soft launch of the site this year. It will be the second big-name retailer to roll out its online platform after Tantoco-owned SSI Group Inc.

The SM Store offers door-to-door deliveries to most parts of the Philippines through its logistics partners.

Shoppers can also opt to pick up their purchases at SM North EDSA after 24 hours of placing their orders online.

The SM Store plans to offer pick-up points in all Metro Manila and Luzon stores after two working days. In Visayas and Mindanao, the SM Store will eventually extend the pick-up arrangements in their branches in Mandurriao, B acolo d, C ebu, Davao, Cagayan de Oro and General Santos. sm/PAGE 6

Del Monte Pacific earnings drop on acquisition costs DEL Monte Pacific Limited (DMPL) reported a sharp decline in earnings in the second quarter of its fiscal year 2015 as expenses related to the acquisition of the company that owns the Del Monte brand rights in the United States and South America hurt the Philippine firm’s profitability.

In a disclosure to the Philippine Stock Exchange,

the fruit canner reported a net income attributable to owners of the company of $0.2 million in the August to October period compared to the $8.85 million in the same period a year ago.

The bottom-line also ref lected the impact of interest expense from a longterm loan to acquire Del Monte Foods Inc (DMFI) and del monte/PAGE 6

BusinessWeek MINDANAO Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

wed-thu|dECEMBER 17-18, 2014

5

Filinvest Land posts 28% rise in third quarter revenues ONE of the country’s leading residential developers and BPO offices providers has registered a 28 percent increase in revenues for the first three quarters of 2014 compared to the same period last year.

Filinvest Land, Inc. (FLI) reported its revenues were up to P10.81 billion from January to September, 2014 while consolidated net income jumped to P2.89 billion, from P2.44 billion over the same period in 2013, a 19 percent increase.

The company attributes the strong results to the sustained robust growth in its residential business and office leasing operations.

FLI recorded real estate revenues of P9.15 billion, 31 percent more than the P6.97 billion posted over the same period last year.

T h i s w as d r ive n by strong sales in its horizontal housing projects, mediumrise building projects that carry the “Oasis” brand and high-rise building projects like “Studio Zen”.

The firm is on track to launch PhP17.5 Billion in residential projects in 2014.

Oasis One, a mid-rise condominium project of Filinvest Land in Cagayan de Oro City.

Among t he proj e c ts launched during the first three quarters was “100 West”, a mixed-use development highrise tower with residential, retail and office components, conveniently located at Sen. Gil Puyat Avenue in Makati.

Revenues from rental assets rose to P1.65 billion, a 10 percent increase from the P1.50 billion generated over the same period in 2013, as the firm recognized additional revenues from its new office buildings

“Filinvest One” and “Plaz@ E”at Northgate Cyberzone in Filinvest City, Alabang.

FLI CEO and President Josephine Gotianun Yap said that the firm will be making significant investments in its recurring income portfolio.

“We believe that the rental business will provide the stability of revenue streams.

This is why a significant amount of our capex will be earmarked for investment properties. We are looking at increasing our gross

leasable area to three times our current office and retail space inventory within five years,” Yap said.

Filinvest Land is a pioneer in providing office space to BPOs. “We are confident of sustained growth for the company as we continue to launch new residential projects and execute our plans to increase offices as well as retail spaces in key locations nationwide,” she filinvest/PAGE 6

BusinessWeek MINDANAO

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

Best in Business and Economic Reporting

6

Philippine Press Institute Civic Journalism Community Press Awards 2013

wed-thu|dECEMBER 17-18, 2014

BPI looking at M&A as it braces for competition

BANK of the Philippine Islands, the countr y’s most profitable and valuable lender, is looking for acquisition opportunities as it pursues growth ahead of greater competition, its top official said on Friday.

Cezar Consing, president of BPI, said the bank does not have a specific target right now but taking over a local lender is part of its expansion strategy.

“For BPI, we always have to have both organic and inorganic growth in our tool box,” Consing told Reuters in an inter view at his office in the central business district of Makati.

Philippine banks are bracing for stiffer competition ahead of economic integration of Southeast Asia in 2015 and after the Philippines enacted a law allowing foreign banks to take full control of domestic lenders.

But Consing said it may not be easy to pursue mergers and acquisitions at this time with smaller banks unlikely to be interested in accepting a take over because they are thriving in a country enjoying robust growth and ample liquidity.

“Because the Philippines is growing at a pretty good rate and is so liquid, there is little incentive for the smaller banks to necessarily be part of an M&A transaction,” Consing said. “The smaller banks by and large want to remain independent … and they have the capability of remaining independent.”

In April to June, the Southeast Asian economy grew 6.4 percent from a year earlier – tying with Malaysia for the fastest pace in Southeast Asia – driven by strong consumer spending, manufacturing and exports.

There is a strong case for consolidation in the Philippine banking sector. It is overcrowded with 700 banks and many

lenders minnows, with the top seven of 36 commercial banks controlling two-thirds of the industry’s assets.

On Oct. 20, the Philippine central bank spelled out new minimum capital requirements for banks, a move that will force some to increase their levels six-fold and which analysts say should accelerate industry consolidation.

“We may want to do a deal but the other side may not be ready,” Consing said.

Consing dismissed speculation that BPI has renewed merger talks with the country’s fourth largest lender, Philippine National Bank.

Moody’s... from page 2

“We are fully convinced that continuing our economic turnaround story rests on our commitment to good governance. We take this upg rade as a reminder to government and civil s o ciet y t hat sust aining good governance reforms is the only way to maintain and capitalize on our ever improving trajectory,” he added.

Del Monte... from page 5

short-term bridge financing of DMPL, which will be refinanced with equity.

In the six-month period ending Octob er, DMPL incurred a loss of $21.71 million, a reversal of the net income of $12.96 million in 2013.

“We are committed to significantly deleverage D M P L’s b a l a n c e s h e e t by reducing debt in the next quarter through an inter nat iona l p er p etual preference share offering followed by a rights issue which are expected to raise $515 million,” said DMPL chief executive officer and managing director Joselito D. Campos, Jr. DMPL has mandated DBS Bank Ltd as sole global coordinator of the up to $360 million offering of preferred shares that will be listed on the Singapore Exchange.

Sales ballooned to $993.6 million in the first half from $225.66 million in the prior year, with DMFI accounting for $774.6 million of sales.

Sales quadrupled year-onyear to $547.99 million in the second quarter from $136.30 million.

“In our main US market, the initiatives taken post-

SSG ADVISERS ASSOCIATION – VICE GOVERNOR JOEY G. PELAEZ met all the Supreme Student Government (SSG) Advisers during the 1st A Happy MisOr Student Leadership Training at Tagoloan Central School and organized the SSG Advisers Association of Misamis Oriental. Mr. Savy Jess R. Soldevilla of Salay National High School was elected President of the organization. Through the SSG Advisers Association, Vice Governor Pelaez is optimistic that student leadership trainings will easily be organized in the Province.

acquisition, which include reverting back to competitive pricing levels, reintroducing the well-recognized classic Del Monte label and reinstating trade support levels, have led to increased market share across our key categories of packaged vegetable, fruit and tomato” said DMFI chief executive Nils Lommerin.

“Our main drawback was the impact of currency deterioration in Venezuela that contributed to the overall decline of 6 percent in our sales versus the prior year period,” he added.

DMPL completed the acquisition of DMFI, the company that owns the Del Monte brand rights in the United States and South America, for $1.68 billion in February.

Filinvest... from page 5

added.

In Cagayan de Oro, FLI is set to deliver the first of five buildings of One Oasis CDO, the very first mid-rise condo development of Filinvest in Cagayan de Oro City, as early as 3rd Quarter of 2015.

“Completion and delivery dates are top considerations of Filinvest Land, which sets our project apart from the rest which have a 5-year lag time,” said Ms. Ara Solidum, FLI Area General Manager for North Mindanao.

One Oasis CDO is the 12th FLI development nationwide to carry brand which features a resort style community with resort-inspired lifestyle, refreshing landscapes and a convenient, laid-back lifestyle in a prime urban zone.

Meantime, FLI launched a series of new model units in Filinvest Homes Butuan, located along the National Highway (Davao-ButuanCagayan Road) at Km. 3 Bgy.

Baan, less than a kilometer from the city proper.

Its three house models,: Amber, Opal, and Molave have down payments starting at PhP 8,200 per month, with homeowners offered a choice of the following packages: Lot only (134-365 sqm, P1M-3.4), Amber House & Lot package (40.31 sqm, LA 75 sqm, P1.38-M) Opal House & Lot Package (53.6 sqm/LA 104 sqm/P1.9-2.8-M) or Molave House & Lot Package (39.4 sqm/143 sqm/P2.4-2.5-M) “FHB offers the best value-for-money selling price per square meter for an exclusive and themed residential subdivision with resort inspired amenities,” Ms. Solidum notes. On top of that, it offers better financing packages to choose from including In-house, Bank and Pag-IBIG financing schemes.

Not the least, FLI’s Villa San Ignacio in Bgy. Tumaga, Zamboanga City is expected to be sold out soon and further expansions are planned in the near future to address the clamor of potential homeowners in the key cities of north-western Mindanao.

SM...

from page 5

“The online shopping site will bring us closer to our new generation of millennial shoppers. Our commitment is to provide convenience and accessibility to our customers through innovation,” SM Retail Inc president Jorge Mendiola said.

“We remain cognizant of the evolution of shopping trends throughout the years. We hope that with this new e-commerce site, we will be able to reach out to more of our customers by bringing more attractive brands online and provide them a more exciting and diverse shopping experience with SM,” Mendiola added.

Today, there are a total of 50 SM Stores in the Philippines.

APARTELLE FOR SALE 30 M (NEG.) 1. LOCATION: Mactan Lapu-Lapu City Cebu, Near Imperial Palace Lot are 1,541 SQM 11 Fully Furnished Room w/ Hot & Cold Water, LCD, WIFI Cable w/ Coffee Shop, office, Nice Garden, Parking Space, 2 Staff Room, Income 150K above/month View Hiros Apartelle, Mactan or Youtube and Facebook

LOT FOR SALE 2. Hillsborough Pointe Pueblo Upper Carmen No Flood near SM & School at 6,500/SQM Lot Area: 395 SQM, Hillsborough Pointe Lot 2 Phase 4.

3. VIOS 1.5 XXXL, limited edition, Mileage 44K Full Skirt Sport type All Mags, 495 k Call: 850-1324/0917-853-5958 BWM: Nov 10, 2014-Jan 31, 2015

BusinessWeek MINDANAO

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

Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

wed-thu|dECEMBER 17-18, 2014

Victims... from page 1

run out in 2012 forcing the agency to stop matching the extracted DNA with those of family members.

“We extracted the DNA from the bodily fluids of the cadavers, taken swabs from the family members but we cannot complete the matching with their family members.

There is no more money for it,” Uy said.

Tropical storm Sendong inundated riverside communities in Cagayan de Oro and Iligan cities in the early morning of Dec. 17, 2011 killing some 1,100 residents and affecting around 660,000 families.

Three years after Sendong, the NBI has yet to issue a single death certificate for the unidentified bodies’ Uy said NBI Disaster Victims Identification (DVI) teams took DNA samples from 200 unidentified bodies in Cagayan de Oro and another 124 bodies in Iligan.

He said the bodies were buried in an unmarked vault in Bolonsori Public cemetery in Cagayan de Oro and in a cemetery in Iligan.

He said over 800 family members came to the NBI office in Cagayan de Oro to have their DNA taken by the NBI DVI teams.

Three years after, Uy said the money to complete the DNA tests ran out in 2012.

The official said the NBI and the courts would only declare a person dead through dental identification, fingerprints and DNA tests.

He said many families in Cagayan de Oro and Iligan are left in limbo not knowing whether their missing relatives are among the unidentified bodies.

“I really pity the families.

There are no closures for many of them” Uy said.

Uy said around P25

million is needed to buy the chemicals to complete the matching process to identify the cadavers.

He said the NBI DVI office in Manila tried to get the money from the P200 million DNA test funds for typhoon Yolanda victims last year but did not continue because the Commission on Audit will not allow diversion of funds.

“If only someone or maybe the local government fork up the money and buy the chemicals. We will immediately complete the process,” he said.

In a small house at Phase 1, Sendong Relocation Center in Barangay Indahag, this city, Alma Beromoy, 36, and her neighbor, Jennilyn Anguis, 27, sat and talked about their missing children a day before the third anniversary of Sendong.

Beromoy lost all of her five children aged one to seven years, while Anguis also lost all of her three children—the youngest was just a 13-day baby – on that tragic night.

Both mothers went to the NBI office in Cagayan de Oro to have their DNA taken in the hope that the tests can identify their children among the bodies.

“It’s really difficult every time December 16 and 17 comes around. We simply cannot forget what happened to our children,” Anguis said.

Anguis said she went to the NBI office to have her DNA taken and hoped but three years later, no word about her lost children came.

“No word came, not even a whimper. We heard there was no more money,” she said.

“We could have moved on if we only knew what happened to our children.

The tests could have done it,” Beromoy added.

Beromoy said she spent a tidy sum of money to submit

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City Branch 22 OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE File No. 2014-347

Upon Extra-judicial petition for sale under Act No. 3135 as amended filed

by HOME DEVELOPMENT MUTUAL FUND or PAG IBIG FUND , mortgage, with office address at Pag-ibig Building, J.R. Borja St., Cagayan de Oro City against JOSELITO Y. DULZURA, married to LYDIA G. DULZURA, mortgagor/s, of legal age/s, Filipino/s with postal address at 24 Sparrow St., Morning Mist Village, Pueblo de Oro, Cagayan de Oro City, to satisfy the mortgaged indebtedness which as of November 14, 2014 amounts to THREE HUNDRED SIXTY FIVE THOUSAND THREE NINE HUNDRED EIGHTY PESOS & 79/100 (P 365,380.79), Philippine Currency including interest, penalty charges, excluding attorney’s fees and expenses foreclosure, the undersigned Sheriff will sell at Public Auction on January 12, 2015 at 10:00 a.m. to 4:00 p.m. or soon thereafter at RTC Branch 22 office, Arch Hayes St., Cagayan de Oro City, to the highest bidder, for CASH and in Philippines Currency, the herein described property including all improvements thereon to wit: TRANSFER CERTIFICATE OF TITLE NO. T – 129930 “A PARCEL OF LAND (Lot 24, Block 6, of the subd. Plan PSD-10-030370, being a portion of Lot 22987-B, Psd-10-021404).

Situated in the Barangay Upper Carmen, City of Cagayan de Oro, Island of Midanao. Containing an area of ONE HUNDRED TWENTY (120) SQUARE METERS more or less.

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

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, it shall be on the next working day without further notice.

Cagayan de Oro City, December 9, 2014.

FOR THE PROVINCIAL EX-OFFICIO SHERIFF: BY: (Sgd.) JOEL G. PAKINO

Sheriff IV BWM: Dec 17, 22 & Jan 6, 2014

documents and papers that the NBA required. Earning P200 a day selling rags, Beromoy said a lawyer even asked P900 from her for notary fees.

Anguis said she too incurred expenses when she went to the NBI and was asked some documents to prove her claim.

“We decided not to go to the NBI anymore because of these expenses,” she said.

Okays... from page 1

a city managed through good governance and to empower its citizenry to thrive in a highly competitive economy and a sustainable environment nurturing its diversity and multi-cultural heritage towards a resilient, progressive and inclusive future.

Strategies to be implemented under the CDP’s social development plan will be focused on employment and livelihood, housing and resettlement, sports and recreation and Disaster Risk Reduction and Mitigation (DRRM).

It w i l l a l s o i nv o l v e programs for the improvement of he a lt h facilities and services, and c onst r u c t i on of he a lt h centers in all relocation areas; water and sanitation services, retrofitting of at risk school buildings, provision of adequate educational facilities, construction of day care centers in all relocation areas, information advocacy programs, among others.

Meanwhile, under the economic development plan, the city will expand areas for urban greening, streamline business registration process, s t re n g t h e n i nv e s t m e nt promotion, establish postharvest facilities, develop rural road network linking to primary farming areas,

maintenance of identified natural sites for eco-tourism, and others.

Strategies under the infrastructure and physical development plan include the provision, rehabilitation and establishment of quality infra support such as dikes, protection wall, upgraded drainage canal; the formulation of Comprehensive Drainage Master Plan, improvement of road network, establishment of sewerage system and improvement of river channel, among others.

The CDP also includes the city’s Environmental and Management and Institutional Development Plans.

The ordinance was reviewed and favorably endorsed by the committees on public works and on laws and rules chaired by councilors Alden Bacal and Ramon Tabor, respectively.

Park... from page 1

that will either use the area as a base of operations or for warehousing.

The park, with 84 lots, is configured for locators who may want to use the ground floor for operations and the second floor as housing for employees.

The indust r ial park, intended for “non-pollutive companies”, is awaiting approval from the Philippine Economic Zone Authority to be officially classified as an industrial economic zone.

There will als o b e a retail area to serve both the locators and residents of the Ciudades residential village.

Lapanday Properties has so far invested about P1 billion in the development of the 250-hectare Ciudades township, including the

Republic of the Philippines SUPREME COURT REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City OFFICE OF EXTRA-JUDICIAL SALE NOTICE OF EXTRA-JUDICIAL SALE File No. 2014-320

Upon Extra-judicial petition for sale under Act No. 3135 as amended by Act No. 4118. filed by HOME DEVELOPMENT MUTUAL FUND( Pag-IBIG Fund ) , a government financial institution duly organized and existing under and by virtue of Republic Act No. 9679, with principal office at Petron Mega Plaza, 358 Sen. Gil Puyat Avenue, Makati City, and with branch office at Pag-IBIG Fund Bldg., J.R. Borja St., Cagayan de Oro City , against NOEL A. PAULLO, of legal age, single . Filipino citizen, with postal address at HE & SONS CORP., # 43 Julio Pacana Street, Puntod, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of November 10, 2014 amounts to FOUR HUNDRED FIFTY EIGHT THOUSAND NINE HUNDRED FORTY NINE PESOS & 54/100 (P 458,949.54), Philippine Currency, inclusive of interest and penalty charges, exclusive of attorney’s fees and other necessary fees and expenses of Extra-Judicial Foreclosure and Sale, the undersigned Sheriff will SELL at Public Auction on January 16, 2015 at 10:00 o’clock in the morning or soon thereafter at the main entrance of RTC Branch 40, A. Luna St., Capitol Compound , Cagayan de Oro City, to the highest bidder, for CASH and in Philippines Currency, the real property mortgaged together with all improvements thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T – 136-2013000637 Registered in the name of NOEL A. PAULLO “A PARCEL OF LAND (Lot 27, Block 1, PCS-10-004225, Consolidation-Subd.; Lot 6, PCS-10-003972 and Lot 1, Blk. 24, PSD-10059077) situated in Malanang, Opol, Misamis Oriental, Bounded on x x x , Beginning at x x x; CAD 237, Cagayan Cadastre, containing an area of NINE FIVE (95) square meters more or less.”

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

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 further notice, posting and publication.

Cagayan de Oro City, December 8, 2014.

FOR THE EX-OFFICIO PROVINCIAL SHERIFF BY: (Sgd.) ALAN M. BANAAG

Sheriff IV BWM: Dec 17, 22 & Jan 6, 2014

construction of road networks, and will spend more to build a bridge over the Davao River.

“We are building better access (to and from the township),” Mr. Jacinto said.

7

Other planned developments within the township project are a branch of Ph i l ippi ne Wome n’s College and another school which Mr. Jacinto did not name. - - C ar mel ito Q. Francisco

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE EJF File No. 2014-323

Upon Extra-judicial petition for sale under Act No. 3135 as amended by Act No. 4118 by HOME DEVELOPMENT MUTUAL FUND (PAG IBIG FUND), against IRENE G. TANDUGON, single, with postal address at Block 23, Lot 40, Woodland Heights Subd. Macasandig, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of November 10, 2014 amounts to TWO HUNDRED SIXTY FOUR THOUSAND FOUR HUNDRED SEVENTY and 33/100 PESOS (P 264,470.33), inclusive of interest, penalties and other charges, the undersigned or his duly authorized deputy will sell at public auction on February 9, 2015 at 10:00 A.M. to 4:00 P.M. at the Regional Trial Court, Office of the Clerk of Court , Hall of Justice, Hayes-Mortola Streets, Cagayan de Oro City, to the highest bidder, for cash or manager check and in Philippines Currency, the following property described below including all existing improvements found thereon , to wit: TRANSFER CERTIFICATE OF TITLE NO. T – 185692 “A PARCEL OF LAND (Lot 40, Block 23, Psd-10-044328, being a Portion of Lot 2835-B, Psd-10-042804 including all the improvements Existing thereon, situated in Barangay Macasandig, Cagayan de Oro City, Island of Mindanao. Containing an area of FIFTY FIVE (55) SQUARE METERS, more or less, registered in the name of IRENE G. TANDUGON.

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

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

Prospective buyer may investigate for themselves the title herein-aboved described and encumbrances thereon, if any there be.

Cagayan de Oro City, December 11, 2014.

(Sgd.) ANTONIO A. CAGULANG, JR.

Sheriff IV BWM: Dec 17, 22 & Jan 6, 2014

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region Branch 16, Tangub City OFFICE OF THE CLERK OF COURT AND EX-OFFICIO SHERIFF NOTICE EXTRA-JUDICIAL SALE EJF-2014-008

Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118 filed by DEEMAR D. SUICO, Lam-an, Ozamis City against SPOUSES ROGER BALIOS & HELEN BALIOS AND BASILIO BALIOS to satisfy the mortgage indebtedness which as of December 3, 2014 amounts to One Hundred Ten Thousand Pesos Only ( Php 110,000.00) excluding interest, attorney’s fees, and other lawful fees for the service of foreclosure, the undersigned Sheriff will sell at public auction on February 2, 2015 at 10:00 o’clock in the morning or soon thereafter at the office of the Clerk of Court, Regional Trial Court, Br. 16, Tangub City, to the highest bidder in cash, Philippine Currency the herein mortgage properties to wit: TAX DECLARATION NO. 83098

“A parcel of land located at Manga, Tangub City Cadastre lot No. 893-P, Assessor’s Lot No. 112. Bounded on the North ; 113.

South ; 111. East; 111. West; 111 with an area of One Thousand Three Hundred Eighty Seven (1387) square meters with market value of Nine Thousand Two Hundred Sixty pesos (P 9,260.00) declared in the name of Roger Balios resident of Manga, Tangub City. With tax declaration No. 83098, property index no. 168-02-011-01-112.”

TAX DECLARATION NO. 83081

“RESIDENTIAL BUILDING located at Manga, Tangub City erected on the Land under PIN # 003, with Assessor’s lot no. 003 B1. Market value of One Hundred Ninety Six Thousand Six Thousand Forty pesos ( P 196,640.00), with tax declaration no. 83081, property index no. 168-01-011-01-003-B1. Declared in the name of Spouses Roger & Helen Balios resident of Manga, Tangub City.

TAX DECLARATION NO. 83099

“A parcel of land located at Manga, Tangub City Cadastre lot No. 893-P, Assessor’s Lot No. 110. Bounded on the North; 114; South: 004; East; 002;. West: 111 with an area of Eight Thousand Two Hundred Thirty Seven Square meters (8237 sq.m.), market value of Thirty One Thousand Seven Hundred Seventy pesos ( P 31,770.00). declared in the name of Basilio Balios, resident of Manga, Tangub City. With tax Declaration No. 83099, Property index no.

168-02-011-01-110.”

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

In the event that the public auction should not take place on said date or there is only one bidder, it shall be held on February 6, 2015 at the same time & place without further notice.

Bidders are enjoined to investigate for themselves any encumbrances on the herein property if any there be.

December 5, 2014, at Tangub City, Philippines.

FOR THE EX-OFFICIO SHERIFF:

BY: (Sgd.) WILLIAM C. ARANIEGO

Sheriff IV BWM: Dec 17, 22 & Jan 6, 2014

8

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

wed-thu|dECEMBER 17-18, 2014

BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER 2013 ppi’S BeSt in BuSineSS and economic RepoRting

Parasat Cable TV MAIN OFFICE (088) 857-2662 (08822) 72-6112 Cruz Taal St., Divisoria (088) 857-3837 (08822) 72-1655

Region 10 high schools compete in 10th STEAG Energy Quiz WED-THU | DECEMBER 17-18, 2014

editor: SHaUn alEjanDRaE Yap UY

B1

by IrEnE Joy B. DAyo

28 schools in Region 10 competed on Energy Quiz conducted by STEAG State Power Inc. last December 5, 2014 at Centrio Mall.

The Energy Quiz is an annual event that provides opportunities among high school students to demonstrate and compete in the fields of Science and Energy.

On its 10th leg already this year, STEAG Energy Quiz has become a part of STEAG’s continuing commitment to support efforts, inspiring the young students to excel in subjects such as Science.

STEAG spokeperson Jerome Soldevilla also shared that Energy Quiz aims to develop among students a special interest in the field of Energy and at the same time promote greater public awareness on the importance of energy efficiency and energy conservation.

Power Plant Manager, Dr. Carsten Evers, also said that the quiz motived

to encourage appreciation on Science and Energy-related subjects among students and inspire them to take courses in line to these fields.

During his speech, he also mentioned that he is glad to know that one of the school coaches present in the event was also a contestant back then in his high school years.

Department of Education – Region X through its Regional Science Education Supervisor, Dr. Jose Alonsabe showed support on the event.

Three students represented each school. The quiz has three rounds and covered facts, laws and current events pertaining to topics electricity, energy, natural and physical sciences, chemistry and physics.

Contestants were given 10 seconds to think after the question has been read and 30 seconds for questions that requires solution.

Mindanao State University

RPN’s Christmas Treat to Cagay-anons In time for the Christmas celebration, RPn holds Pasko na CdeO on Friday, December 19, 2014 at Limketkai Activity Center in Cagayan de Oro City.

This is the grand finals of its minusone singing competition, a follow-up of the tremendous success of its a cappella singing contest launched by the said TV and Radio network last year.

According to Ms. Gin Serohijos, the Station Manager of RPn-Cagayan de Oro,cash prizes and trophies will be given to the winners while packs of giveaway items await the contestants as each of them will sing a Christmas song which fit to the theme of the celebration.

This is the second year that RPn holds

Pasko na CdeO as a way too of thanking their clients and followers.

The grand finalists who are from Cagayan de Oro City and Misamis Oriental are winners from the weekly and monthly contests, all done in their studio at Gusa this city. Prior to the actual competition, an audition was conducted to all amateur local singers and those who are keen on singing with no age limit.

The program on Friday starts at 4:00PM with the participation of local talents and selected groups who will also showcase their dancing and singing prowess. Everyone is invited as this is free of charge.

MSU-IIT champed the STEAG State Power Inc. Energy Quiz conducted December 5, 2014 at Centrio Mall. PHOTO SUPPLIED – Iligan Institute of Technology emerged as champion at the end of three rounds.

They garnered a total of 32 points.

MSU-IIT representatives received a cash prize of P 10,000.00, a trophy, and gold medal for each student.

Angelicum Learning Center followed MSU-IIT. P 8,000.00 cash prize, trophy, and silver medals were given

to them.

Liceo de Cagayan University, on the other hand, bagged the third place. They received P 6,000.00 cash prize, trophy and bronze medals.

STEAG State Power also conducted raffle, a part that has not been done during previous contests, in order to commemorate the quiz’ decadal year.

BusinessWeek MINDANAO BEST IN BUSINESS ANd EcoNoMIc REPoRTINg

B2

PhIlIPPINE PrEss INsTITuTE Civic Journalism Community Press Awards 2013

WED-THU | DECEMBER 17-18, 2014

Feature

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

Primavera provides FREE 3-month learning program with real estate expert

Learn from the expert. advance in the real estate industry. Grow your career.

Do you have what it takes to be an effective sales professional? This is your time to break through into the real estate industry. Whether you’re looking for a full-time work or a part-time job to supplement your income, this could be the opportunity you’ve been waiting for. Sign up now for a FREE 3-month learning program with the leading expert in real estate selling, Mr. Jun Garing.

Jun Garing is a prominent sales trainer and motivator who has trained more than 100,000 salespeople for the past 30 years. He installed corporate systems of selling to over top 1000 corporations nationwide. Recognized as one the Outstanding Salesmen in the 1976 and 1977 and from then on, he has received numerous awards and citations from various sales and marketing associations in the country and nearby Asian regions. He is also the first Filipino certified trainer

of Motorola University on Sales Training in 1995 and authored the first book on selling: The Filipino Art of Breakthrough Selling.

Primavera Residences is looking for a roster of future sales professionals to join our growing list of highly-qualified real estate sales partners.

The country’s premier sustainable real estate developer will provide the following: A FREE training program with industry expert Mr. Jun Garing, Real-world, hands-on training on condominium-selling with guided coaching and assistance from established Cagayan de Oro realty firms, Guaranteed sponsorship of real estate agents’ licensing for top-performing participants.

Starting this December to March 2015, registrants will be invited to a weekly learning session at 2/F Primavera Residences, Pueblo de Oro Business Park, Cagayan de Oro City. First batches of orientation are scheduled on the following Saturdays of December 2014

and January 2015: December 27, January 3, January 10, January 17, January 24 and January 31.

Orientation is at 9am to 12 noon at 2/F Primavera Residences.

Registrants will learn how to break through into the growing

real estate industry by learning advanced selling techniques from the expert FREE of charge.

What are you waiting for? The booming real estate industry in Cagayan de Oro needs you now.

Sign up and be counted.

Registration may be done through the following, via Facebook at www.facebook. com/CondoPrimavera, through emailing sales@italpinas.com or by calling 088-880-5002 (look for Gladys or Tin).

DOLE-X, Outstanding DOLE Regional Office

By MIlDRED EnERIO DaBlIO

Cagayan de Oro City --- The Department of Labor and Employment, Regional Office no. X (DOLE-X), through Regional Director, Raymundo Agravante, received its Certificate of Recognition as the Outstanding DOLE Regional Office, under that Category B grouping on 15 December 2014 at the DOLE Occupational Safety and Health Center, Quezon City.

Secretary of Labor and Employment, Rosalinda DimapilisBaldoz, on her 81st DOLE Anniversary press statement stated, “Our 81st Anniversary is sure to paint the town red as the best and brightest offices and employees in the firmament of DOLE will be given the well-deserved honor and recognition.”

This award and recognition activity is part of the DOLE Programs on Awards and Incentives for Service Excellence or DOLE PRAISE, as embodied under the Administrative Order 196, Series of 2005.

DOLE-X exemplified the consistency of its performance, and good management, which are the criteria with the other Regional Office challengers, Regional Offices 1, 5, 11, and 12.

The DOLE-X likewise

epitomized the feat on ISO Certification, Audit Report Compliance, Anti-Child Labor efforts, Single Entry Approach settlement rate, and the achievement of Labor Law Compliance System targets.

The three regional groupings were determined through the basis of the respective labor force, Gross Regional Domestic Product, and the number of establishment it oversees.

This is the second time DOLE-X has been lauded of its performance.

Last 26 September 2011, then Regional Director, Atty. Alan Macaraya, received the Lingkod Manggagawa Award as the Best Performing Regional Office for 2010, signed also by Secretary Baldoz. DOLE-X was given its due recognition for the remarkable collective efforts in successfully implementing the key services of the Department and achieving the best overall physical and financial performances for CY 2010 among the Level 2 Regional Offices.

“This award serves as our inspiration to do more of what is expected from us in the name of public service,” beams Director Agravante. He further adds, “This recognition will surely strengthen the trust and confidence of the public in Region X.”

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

BusinessWeek MINDANAO BEST IN BUSINESS ANd EcoNoMIc REPoRTINg

PhIlIPPINE PrEss INsTITuTE Civic Journalism Community Press Awards 2013

WED-THU | DECEMBER 17-18, 2014

B3

VIBE

BusinessWeek MINDANAO WED-THU | DECEMBER 17-18, 2014

editor: SHaUn alEjanDRaE Yap UY

B4

Primavera has brought together the best artists of Cagayan de Oro and Northern Mindanao for the “Season’s Paintings,” an art gallery at the second floor of Primavera Residences 1. Highlighted in the artworks are common themes recalling the Sendong tragedy and ecological preservation, self discovery, among others. The exhibit runs until the 27th of December, and is open to the public.

All Photos Courtesy of Ninonins of www.TsadaGyud.com

Renowned CDO artists showcase ‘Seasons’ artworks at Primavera C

Cagayan de Oro City Tourism Consultant Dorothy Jean Pabayo, assisted by renowned CDO artist Nic Aca, cuts the ribbon to formally open the “Seasons” art exhibit at Primavera Residences. All Photos Courtesy of Ninonins of www.TsadaGyud.com

hristmas is a season for merriment, feasts and giving.

This December 9 to 27, 2014, Primavera offers the gift of art with an exhibit entitled "Season's Paintings at Primavera." Viewers will be treated to a feast for the eyes that also warms the heart and nourishes the soul.

The collection of small to medium sized works range from representational to nonrepresentational and rendered in styles from abstract cubism and expressionism to surrealism and realism. The artists use a variety of materials from the traditional, such as oil and acrylic, to wood and mixed media.

"Season's Paintings at Primavera" features the following Cagayanon artists and other artists from other cities of Mindanao who have made Cagayan de Oro their home: nick Aca, Renz Altubar, Archie Balcos, Richard Bolotaolo, Romy Cocos, nonoy Estarte, Chris Gomez, Ivan

Macarambon and nonilo Ramoso.

To spread the Christmas cheer, two guests artists from other cities were invited: Esercazim Sanchez from Zamboanga City and Audie Estrellada from the island of Siquijor.

The exhibition is at the 2nd Floor, Primavera Residences Tower A, Pueblo Business Park, Upper Carmen, Cagayan de Oro. Primavera Residences has previously featured the artworks of Mr. nick Aca in a month-long exhibit on March this year. As an advocate of authentic Italian elegance and world-class design, Primavera seeks to promote local art through events that promote and showcase the works of Kagay-anon artists.

“Seasons’ Paintings at Primavera” officially opened, December 9. The event is open to the public.

For reservations and inquiries, visit facebook.com/condoprimavera or call 088-880-5002.