BusinessWeek Mindanao (December 18, 2013)

BusinessWeek MINDANAO

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Volume IV, No. 37

Market Indicators

As of 5:54 pm Dec. 17, 2013 (Tuesday)

FOREX

PHISIX

US$1 = P44.22

5,928.99 points

7 cents

X

X Briefly 116.45 points

Promote IDP products AS Cagayan de Oro commemorated yesterday the second anniversary of typhoon Sendong, Councilor Enrico Salcedo, chair of the City Council committee on social services appeals to the public to support and patronize the livelihood products of the Internally Displaced People (IDP) or the Sendong survivors.

The livelihood products of Sendong Relocation communities are now displayed at the City Hall grounds starting December 16 and will run until December 20, from 7:00 a.m. until 6:00 p.m.

Among the products to be sold are Christmas decorations and accessories (handicrafts), processed foods, cakes and pastries, native foods, pillow cases, blankets, bags and RTWs. Salcedo thanked the Community Improvement Division and City Social Welfare and Development Department for successfully facilitating the skills training and for continuously supervising the various livelihood projects of the IDPs.

Tourism projects GENERAL Santos City -- Seven more tourism road projects worth around P700 million are in the pipeline for implementation by next year in parts of Region 12 or the Soccsksargen Region, a regional official of the Department of Public Works and Highways (DPWH) disclosed.

Reynaldo Tamayo, DPWH Region 12 acting director, said Tuesday the proposed road projects were part of the second batch of tourism investments that were earlier endorsed by the agency and the Department of Tourism (DOT) to further enhance the region’s tourism potentials.

“These projects are mainly aimed to improve access to and from various emerging tourism sites within the region,” he said in a statement.

Region 12 comprises the provinces of South Cotabato, Sultan Kudarat, Sarangani, North Cotabato and the cities of General Santos, Koronadal, Tacurong, Kidapawan and Cotabato.

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Alsons goes full blast new power projects

A

MAJOR player in the power industry in Mindanao is committed to s u pp l y i ng u p to 25 percent of the island’s electricity as it goes full blast in the construction of power projects that could produce up to 463 megawatts.

Joseph C. Nocos, Alsons Power’s Vice President for Project Development, gave the assurance in a special session of the Zamboanga City Council early last week. “[Alsons Power] will exert all efforts to ensure that by 2016 the Zamboanga City Electrical Cooperative (ZAMCELCO) will have access to baseload capacity generated by Alsons Power as agreed upon in our power sales agreement,” Nocos said.

Nocos reaffirmed the company’s commitment to provide Zamboanga City with a steady supply of baseload electricity from its generating plants by 2016.

“Our commitment to the people and the city of Z amb oanga remains steadfast,” Nocos assured the city council.

The Alsons Power Group is the developer of the alsons/PAGE 11

Aboitiz group boosts banking, power stake

SIMBANG GABI. The low pressure area (LPA) affecting Mindanao did not deter the faithful from joining the first of the “Simbang gabi” before dawn Monday morning as parishioners of the Our Lady Mediatrix of All Graces Cathedral in Kidapawan City bring out their umbrellas. mindanews photo by geonarri solmerano

NGCP strengthens ties with M’danao power generators THE state-owned National Grid Corp. of the Philippines (NGCP) has strengthened its coordination with M i n d a n a o’s p o w e r generators by conducting educational fora about the technical aspects of the transmission industry that

will be beneficial for both the generation and transmission sectors’ operations.

Among the aspects given highlights were those involving grid operations, the power situation for 2013 and the outlook for 2014 for the Mindanao

grid, and System Operations protection requirements.

With the commercial operations of the Interim Mindanao Electricity Market (Imem) already in full swing, the NGCP also provided power generators with a ngcp/PAGE 11

HOLDING FIRM Aboitiz Equity Ventures, Inc. (AEV) is increasing exposure in its p ower and b an k ing subsidiaries, the company said in separate disclosures on Monday.

“AEV bought yesterday 3 .7 6 6 mi l li on common shares of Aboitiz Power Corp. (AboitizPower) at a price of P31.70 per share” the company said. The shares were sold at a 4.08% discount from AboitizPower’s closing price of P33.05 apiece on Monday, w hich was 80 centavos or 2.48% higher than Friday’s P32.25-pershare finish.

In a s eparate f iling, t he cong lomerate s aid: “AEV bought today 80,000 common shares of Union Bank of the Philippines (UnionBank) at a price of P124.90 per share.” The bank shares were also purchased at a slight discount from UnionBank’s closing price o f P 1 2 5 . 0 0 y e s t e r d a y, unchanged from its finish last Friday.

As of end-September, the conglomerate owned 76.83% in AboitizPower and 47.09% in UnionBank, according to aboitiz/PAGE 11

Organic agri mayors set to start declaring GMO-free zones in 2014

By BONG D. FABE, Correspondent

DUMINGAG, Zamboanga del Sur -- In an effort to protect the gains of organic agriculture in their municipalities, 16 mayors all over the Philippines plan to start declaring their towns as GMOfree zones in 2014 after learning that such a proactive strategy has worked well in Europe.

Led by multi-awarded organic ag r ic u lture advo c ate Mayor

Nacianceno Pacalioga Jr. of Dumingag, Zamboanga del Sur, the other municipalities poised to declare as GMO-free zones are the two other Zamboanga del Sur towns of Molave and Mahayag; the municipalities of Siayan and Sindangan in Zamboanga del Norte; the Lanao del Norte towns of Kauswagan and Kolambugan; agri/PAGE 11

Dumingag, Zamboanga del Sur Mayor Jun Pacalioga (R), president of LOAM, congratulates Ruel Anggi, a model barangay chairperson and organic farmer as Bernward Geier of IFOAM-Europe and Joseph Wilhelm of Rapunzel Naturkost-Germany look on. photo by bong d . fabe

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Robinsons Retail expands into cosmetics retailing MANILA -- Gokongwei-led Robinsons Retail Holdings Inc. (RRHI) has expanded into a new business segment through acquisition of a cosmetics company.

RRHI, through its wholly-

owned subsidiary, Robinsons Specialty Stores Inc., has acquired the assets of Beauty Skinnovations Retail Inc. (BSRI).

BSRI op erates eig ht robinsons/PAGE 10

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Economy

Poor infrastructure top threat to PH competitiveness An economic expert is urging the allocation of more funds for infrastructure development, saying the sad state of the country’s transport system is now the leading threat to sustained national growth and global competitiveness. “ T h e Ph i l ippi n e s i s the only ASEAN country where inadequate supply of infrastructure has emerged as the top problematic factor for doing business, d isl o d g i ng c or r upt i on , which has historically been the biggest drag to our

country’s competitiveness,” said Roberto de Ocampo, chairman of the board of advisors of the RFO Center for Public Finance & Regional Economic Cooperation.

In a recent talk on his growth forecasts for the Philippines in 2014, he

echoed the World Economic Forum’s (WEF) warning that the country cannot remain c ompl a c e nt “g ive n t he dire strait of its transport infrastructure.”

T h e W E F ’s G l o b a l Competitiveness Report 2013-2014 has placed the countr y’s infrastructure system at a low no. 96 out of a total of 148 surveyed economies.

Among the 10 membereconomies of the ASEAN, the Philippines is only ahead

Unleashing Talent

By Adefer B. Cano

Leadership is not exactly synonymous to management but both are necessary t o h av e a n e f f e c t i v e organization. Managers work with process but leaders work with people. As Tom Mullins said” Leaders must be good managers but most managers are not necessarily good leaders”.

Therefore, Leadership is more than management.

Furthermore, how could a leader be an effective people manager? It is very necessary to leader to have

the skills in dealing and leading people. Take for example, in an educational institution like schools, principals should know that every individual teacher is an asset that need to be given extra care and consideration.

Principals should know how to handle every talent of their teachers so that they could express them to the fullest. It is sometimes best to principlas that they should let the teachers spread their wings and fly but not to hold them soo

tightly. Hence, it is a wise technique of a principal to implement a leadership theme which is to become a leader of leaders not a leader of followers. It is about unleashing the whole person toward inspiring and achieving motivating goals. It is also about finding teachers’ strength, their gifts, their voices and then letting them soar. In so doing, they would be empowered to maximize their full potential for the good of the school and the students.

of Cambodia and Myanmar in overall infrastructure ranking, he continued.

For a start, he suggests the reprogramming of resources for the rehabilitation of damaged public facilities and the construction of climatechange resilient structures in the Visayas that were affected by this year’s disasters and natural calamities.

“Given that the Priority Development Assistance Fund has been threat/PAGE 10

Auto industry needs 18-T sales to meet 2013 target MANILA – The Philippine automotive industry still needs to sell 17,994 units towards the end of 2013 in order to meet the 210,000 sales target for this year.

This is after the Ass o ci at ion of Vehicle Importers and Distributors (AVID) disclosed Monday that its car sales from January to November reached 27,908, up by six percent from 26,272 units of same period of last year.

Earlier, a joint report of Chamber of Automotive Manufacturers of the sales/PAGE 10

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Imported vehicle sales up 12 pct in November

Toyota Tacloban Team Members led by their L) President, Mr. Jimmy Yaokasin and (R) Toyota Motor Philippines President, Mr. Michinobu Sugata.

Toyota top execs share Christmas spirit with Tacloban City dealers

dealerships in Tacloban.

With him included EVP for Marketing Yohei Murase and SVP for Marketing Jose Ariel

inspiration to our team members in remaining strong and resilient especially in tough times like this,” Mr. Sugata added.

TMP also previously sent food and water supply to immediately aid them after Yolanda struck the said dealership.

Toyota Tacloban is currently the only automotive dealership that is open and operational in the said district.

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Sweden joins race for self-driving cars STOCKHOLM — A hundred self-driving Volvo cars will roll onto public roads in and around the Swedish city of Gothenburg in 2017, the Chinese-owned car maker said Monday.

The pilot initiative, called “Drive Me”, has a 500 million kronor (56.3 million euros, $76.2 million) budget and is a joint venture between the manufacturer and several public institutions, such as the Swedish Transport Administration and the city of Gothenburg.

“We aren’t the world’s

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and Chevrolet LCVs. From January to November, sales of LCVs went up 24 percent from a year ago.

AV I D s a i d s a l e s of passenger cars increased by 5 percent to 1,304 units from 1,239 units in the same month last year. January to November passenger car sales, however, contracted by 6 percent to 14,348 units from 15,320 units in 2012.

“As we close out 2013, we at AVID remain optimistic about the prospects of the industry moving forward, where we commit ourselves not only to continue striving for excellence but more importantly, ensure sales/PAGE 10

biggest country, we aren’t the world’s largest car maker, but we make up for that by being smarter and working together in a simpler way,” Volvo Cars chief executive Haakan Samuelsson said at a news conference in Stockholm promoting the public-private partnership.

The first driver-less cars will have a maximum speed of 70 kilometers per hour (43.5 miles per hour) on some 50 kilometers of selected roads including commuter routes with heavy traffic. race/PAGE 10

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Leading the top management gesture was TMP President Michinobu Sugata who visited one of the manufacturer’s

T. Arias.

In offering the company’s gift pack to its dealers, Mr. Sugata said: “The Christmas spirit should live on in spite of the trials faced by our team members. These simple tokens that we have shared symbolize our continuous support and concern for the Toyota family.”

“I am very glad that Toyota Tacloban’s President Mr. Jimmy Yaokasin also serves as an

JULIOST. PACANA ST. JULIO PACANA

TOYOTA Motor Philippines (TMP) top executives recently provided much-needed moral support to its dealership in Yolandastricken Tacloban City by offering them gift baskets as a reminder that the spirit of Christmas lives on despite the challenges they went through.

THE sales of imported cars in the country has increased by 12 percent in November this year, the Association of Vehicle Importers and Distributors Inc (AVID) announced on Monday.

By the end of last month, car sales went up 2,534 units from 2,268 units in November 2012, pushing the 11-month sales to rise by six percent to 27,908 units from 26,272 units last year.

The improvement in the November sales was led by light commercial vehicles (LCVs), which went up 20 percent to 1,230 units from 1,029 units year-on-year on the back of the strong performance of Subaru

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Moody’s maintains positive outlook PH banking industry EXPECTATIONS that the Philippines domestic economy will continue to remain robust in the next 12-18 months despite recent calamities made Moody’s Investors Service maintain its positive outlook on the country’s banking system.

A positive outlook increases the possibility of a rating upgrade in the next 12-18 months.

In a report, the credit rating agency said it is maintaining the outlook it has on the banking system since December 2012 in line with its projection of a seven percent growth for the Philippines this year and a 6.5 percent expansion next year.

Its growth projection for this year is higher than actual outputs, as measured by gross domestic product (GDP).

In the first three quarters of the year, the domestic economy churned in a 7.4

percent expansion, higher than year, up from year-ago’s 6.7 percent.

However, the third quarter growth of seven percent is lower than the year-ago’s 7.3 percent and the previous quarter’s 7.6 percent.

Moody’s does not expect domestic growth to be greatly affected by recent calamities since the National Capital Region (NCR) and Calamba, Laguna, Batangas, Rizal, and Quezon (Calabarzon), which contributed more than half of the total GDP growth, were not affected.

The debt watcher projects t h at Ty ph o on Yol and a specifically to negatively impact on domestic growth

at about 0.3-0.8 percentage points.

Last October, Moody’s upgraded the countr y’s credit rating to Baaa3 with positive outlook from Ba1 on proj e c t ion t hat t he domest ic e conomy can sustain its strong economic performance, on-going fiscal and debt consolidation, and political stability.

This is the third investment grade rating of the domestic economy after receiving its first-ever last March from Fitch Ratings and from Standard and Poor’s (S&P) last May and the 17th positive ratings action under the present administration.

Improvement in fiscal management is expected to continue to fuel higher growth and low-inflation, the report said.

“The government has started to improve its ability to collect tax revenues and Moody/PAGE 10

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Bangko Sentral sees exports recovery, investment inflows after US Fed taper THE Bangko Sentral ng Pilipinas (BSP) yesterday said growth would be faster next year because of rebuilding efforts in calamity-stricken areas and a recovery in the exports sector.

“The national government still believes the 6.5-7.5 percent is achievable next year. That’s not exactly slow growth. In fact, this year is at the upper-end of the range,” BSP Governor Amando M. Tetangco Jr. told reporters.

Despite the devastation caused Typhoon ‘Yolanda’ and a 7.2 magnitude earthquake

b efore that, Philippine economic managers have kept their growth targets for this year and in 2014.

The Development and Budget Coordination Committee (DBCC) maintained the 6-7 percent gross domestic product (GDP) growth goal for this year and the 6.5-7.5 percent for next year.

In the first three quarters of this year, Philippine GDP grew by 7.4 percent after third-quarter expansion came in at seven percent. GDP is the amount of final goods

and services produced in the country and as such measures economic performance.

Te t a n g c o s a i d t h e economic impact of the postdisaster reconstruction efforts will be felt in the first half of the year. President Aquino had said around P130 billion will be needed to rebuild parts of the country destroyed by ‘Yolanda’.

Some analysts have warned of slower growth because of production losses stemming from ‘Yolanda’, as well as of the destabilizing impact of recovery/PAGE 11

The Impact of the Community to the Child’s Learning

By Adefer B. Cano

It takes a village to educate a child. A very famous Indian adage that gave emphasis on the imporatnce of the collaboration of the people in the whole community towards the education and total development of the child. Research reveal that

s child do not only learn from school but from the community as well.

According to the theory of Tabula rasa- blank sheet by Jean Jacques Rouseou that a child is born good only the environment make him bad or good. This theory supports on

the great contribution of the community to the whollistic development of the child. It is therefore, very significant for the school,parents and community to be partners in the education of the child to be a better citizen of the country.

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Creatures of Habit THINK

hink a minute…You’ve probably heard the A Minute expression “A leopard can’t

By Jhan Tiafau Hurst change its spots.” This, of course, is true of leopards.

But is it true of people? Can people change? Are we humans just creatures of habit? Do we not have any control over our actions and habits?

One guy said, “Bad habits are like a comfortable bed: they’re easy to get into, but hard to get out of.” Someone else said: “The chains of habits are too small to feel until they’re too strong to break.” So ‘breaking the mold’ of our bad habits takes effort, yet one of the greatest freedoms in life is the freedom from bad habits.

Habits are like the roads we take through life everyday.

The problem is that not every road takes us where we need to go. Actually, our routes through life often become our ruts in life. We end up stuck in them and find it hard to dig ourselves out. That’s why we must change our bad habits as soon as possible before they become our ‘second nature’.

You see, our habits become our character and our character becomes our life. As one wise person said: “First we make our habits, then our habits make us.”

But we humans don’t like to change, do we? So we come up with excuses, like: “I can’t be different; that’s just the way I am.” Or we say: “I was born this way.” And the good ol’ saying: “You can’t teach an old dog new tricks.” But that’s just it: we’re not dogs or animals. In fact, we’re the only creatures who have the freedom and power to change and choose the kind of person we become.

So what habits do you need to start changing today? You know, there’s one bad habit you need to change first, that will help you change all your other habits. It’s the habit of living your own way, instead of your Maker’s way. He’s the only one who knows the road to the best, most satisfying life for you. So today, won’t you ask Jesus Christ to forgive you, and to take full charge of your habits and life?

Just Think a Minute…

Bus Tragedy: Reminder to Pray for Family

IFE’S INSPIRATIONS: “… The heart of the wise is in the house of mourning, but the heart of fools is in the house of pleasure…” (Ecclesiastes 7:4, the Holy Bible).

-ooo FILIPINOS NO LONGER KNOW HOW TO COUNT? Will someone please tell us how many really died from the Don Mariano bus Skyway accident on Monday, December 16, 2013? Were there only 18 who died as local media said, or 21, as the BBC TV of London reported? How come there is a difference in the number of victims even among news agencies when, to know the exact number of fatalities, all that has to be done is count the dead bodies?

Or, have we lost even the ability to count? Or, perhaps, this difference in the number of the victims is happening because someone is again interested to report a lesser number of casualties, just like what happened to Yolanda victims in Eastern Visayas? Indeed, what is happening to the Philippines, or maybe more appropriately, why is this happening to our country?

-ooo RELIEF AND COMFORT FROM THE BIBLE: Did you see the great sorrow etched in the faces of the relatives and family members of those who died in that tragic accident? The grief was unspeakable, and the anger was understandably fiery and intense. For who is the father, mother, brother or sister, or son and daughter, who will not be pained by the sudden, senseless, and violent loss of relatives?

But in the face of these sufferings, those who grieve and are hurting must endeavor to read the Bible and derive instant relief and comfort from its verses. Surely, even when things are disorderly, chaotic, inexplicable, and thoroughly devastating, there is an explanation as to why God allowed them to happen. In His great intelligence, He has a reason for everything which is unmistakably good even if we humans think otherwise.

For one, the Bible says there is no reason to fear death on the part of real believers. This is the message of 1 Thessalonians 4:13-18, thus: “Brothers and sisters, we do not want you to be uninformed about those who sleep in death, so that you do not grieve like the rest of mankind, who have no hope.

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-oooakampi THOSE WHO DIED IN Mo A ng Batas JESUS WILL LIVE AGAIN:

By Atty. Batas Mauricio “For we believe that Jesus died and rose again, and so we believe that God will bring with Jesus those who have fallen asleep in him.

According to the Lord’s word, we tell you that we who are still alive, who are left until the coming of the Lord, will certainly not precede those who have fallen asleep.

“For the Lord himself will come down from heaven, with a loud command, with the voice of the archangel and with the trumpet call of God, and the dead in Christ will rise first. After that, we who are still alive and are left will be caught up together with them in the clouds to meet the Lord in the air. And so we will be with the Lord forever. Therefore encourage one another with these words.”

In Ecclesiastes 7:1-2, it is said: “A good name is better than fine perfume, and the day of death better than the day of birth. It is better to go to a house of mourning than to go to a house of feasting, for death is the destiny of everyone; the living should take this to heart…”

-ooo PRAY FOR OUR FAMILIES: The tragedy that befell the 21 passengers of the Don Mariano bus that flew off the Muntinlupa City exit of the Skyway gave a very poignant message to all of us: we really do not know what will happen to anyone of us. Consequently, we should endeavor to express our love for our family members all the time, for we will never know if it the last time we will ever see them. What is more, endeavor to pray for them always, in a manner that they will hear and appreciate it, while they are still alive.

-ooo REACTIONS? Please call me at 0917 984 24 68, 0918 574 0193, 0922 833 43 96. Email: melaniolazomauriciojr@ out l o o k . c om , m m au r i c i oj r 1 1 1 @ g m a i l . c om , a n d batasmauricio@yahoo.com.

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Let’s Be Joyful and at Peace

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audium cum pace. Joy with peace. An ideal we have to reach ever y day, especially at the end of the day. It is what is proper to us. Without it, we would be miserable creatures, regardless of the riches, power and fame we may have.

As Sacred Scripture would have it, “A merry heart is the true life of man, is an unfailing store of holiness.

Length of years is measured by rejoicing.” (Sir 30,23) And St. Thomas Aquinas has this to say apropos: “Happiness is a good proper to human beings. Animals can only be called happy by a misuse of language.”

There are many benefits of joy and peace. The Book of Proverbs says, “A cheerful heart makes a quick recovery. It is crushed spirits that waste a man’s frame.” (17,22) Joy facilitates thinking and reasoning.

It helps us understand people and situations. It fosters simplicity, creates a good atmosphere around, builds up unity.

We have to make sure that we are happy and peaceful.

Obviously, we have to understand that to be in that state is first of all a result of grace which we should always ask and pray for. But it is also a product of our own correspondence to God’s grace, and of our effort to follow more closely Christ’s teaching and example.

The joy and peace rooted on Christ transcend the physical and earthly dimensions. They can be lived even in what may be considered humanly speaking as difficult moments of pain, suffering and privation.

Thus, St. Paul once said: “In all things we suffer tribulation, but we are not distressed. We are sore pressed, but we are not destitute. We endure persecution, but we are not forsaken. We are cast down, but we do not perish. We are always bearing about in our body the dying of Jesus so that the life also of Jesus may be made manifest in our bodily frame.” (2 Cor 4,8-10) We need to go theological to attain this state of joy and peace. We cannot rely solely on the physical, medical and other worldly elements that go into the making of joy and peace. We need faith. We need to be vitally united with Christ.

We have to see to it that every day, and in fact, in every activity we do during the day, we should always end with a sense of joy, satisfaction and fulfillment, no matter how t hings went. The y can go b ad ly, humanly speaking, but if our sense of joy and peace

HINTS

is theological, we will always find meaning, beauty and and Traces

By Fr. Roy Cimagala purpose in them.

This is crucial because it is joy that keeps us going, that keeps us alive. We may ge t phy s i c a l ly t i re d, but our spir it wou ld st i l l b e vibrant. We can still manage to smile, to be hopeful and positive about things, to be encouraging in our words and deeds.

And all this not because we are inventing things. We are convinced of the solid foundation of our faith that secures and guarantees our conviction about our sense of joy and peace. It’s this conviction that would make us consistently happy in good times and bad times, whether alone or with others.

It’s a pity to see many wilted faces around precisely because many people do not know where to find their joy and peace. They look for them in some pills, or in merely physical and emotional well-being, and in many instances, in some forms of escapism like drugs, sex and the now-proliferating inane forms of entertainment and games.

They end up more depressed and more cheated than before. Their joy and peace is a thin chimera that cannot take the test of time and the many trials and challenges in life.

We have to help one another develop the proper sense of joy and peace. We need to show the joy contained in the gospel, in the sacraments, in the exercises of prayer and penance.

All too often, these spiritual things are pictured as dour and gloomy or a killjoy. We have to expose and explode that myth. The contrary is in fact the truth. But we need to go through some theological thinking to see this reality.

We need to do some massive and urgent rescue operation, not unlike what should have been done to give immediate relief and comfort to our Yolanda victims. Many of us are deceived by a kind of sweet poison that prevents us from appreciating the objective character of joy and peace, as well as their true source and the proper means to have them.

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OWWA 10 holds PESO Capability Building Exercises

C

agayan de Oro City – For a more vigorous complementation between the Overseas Workers Welfare Administration and the Local Government Units (LGUs) in Region 10, OWWA Regional Welfare Office 10 conducted a Capability Building Seminar for the Public Employment Service Office (PESO) Managers to equip and empower them being the front liners in the delivery of key services to member-OFWs in the locality.

Sixty-three(63) PESO Managers from various LGUs in Region 10 attended the two(2) day live-in Capability Building Seminar held at the Apple Tree Resort and Hotel in Opol, Misamis Oriental. PESO Managers were grouped into two(2) batches with the 1st batch scheduled last November, 20-21, 2013 coming from the provinces of Camiguin and Misamis Oriental; and the 2nd batch last November 27-28, 2013 from the provinces of Bukidnon, Lanao del Norte and Misamis Occidental.

Activities during the first day focused on OWWA Programs and Services which cover among others, Agency’s legal framework/ historical overview and welfare case handling and repatriation at the LGU/ PESO level. Other programs

were likewise lengthily discussed through power point presentations, such as the social insurance protection benefits, education/ scholarships and vocational training programs, re-integration, livelihood loans, grants and other agency institutional activities. PESO Managers were encouraged to come up with action plans of their own in consultation with OWWA Region 10 for a more harmonious complementation in responding to the needs of their respective OFW-constituents in their community.

On the second day, key resource PESO Managers from Cagayan De Oro City, Misamis Oriental and Camiguin pose with OWWA 10 officers during the Capability Building Seminar held last November 20-21, 2013 @ the Apple speaker Ms. Estrella U. PahallaTree Resort Hotel, Opol, Mis. Oriental.

Board Secretary VI of RTWPB-10 delivered on the aspects of productivity and customer/client relationships, specifically for the OFW sector. There were also workshops and group activities that was geared towards equipping PESO Managers with the necessary skills in handling OFW’s concerns and their dependents.

The Capability Building Seminar serves as an opportunity for OWWA to present its current programs and services and raise the level of awareness on the importance of various services to LGUs OFW-clienteles as well as identifying gaps that hinder PESO Managers from Bukidnon, Lanao del Norte and Misamis Occidental with OWWA 10 officers for Capability Building held at Apple Tree Resort and Hotel on November 27-28, 2013. service delivery.

Globe Business annual enterprise forum headlined by world-renowned innovation experts.

Globe Business recently brought to Manila two of the world's premier innovation gurus as keynote speakers for its recently-held Enterprise Innovation Forum (EIF) with the theme "Transcending Business Boundaries."

Globally-recognized expert on innovation leadership Prof. Luke Williams (center) showcased the concept of disruptive change as integral to businesses operating in mature industries to make bold moves even at the peak of success. Meanwhile, authority on customer-focused relationship management strategies Martha Rogers, Ph.D. (left) emphasized that a customer-centric company will prosper better than a product-centric one; instead of just getting market share, with the focus now shifting to the customer. For his part, Globe President and CEO Ernest Cu (right) stressed that Globe will continue to be a champion of customer-centricity and superior customer experience as true differentiator. The annual EIF is conducted for business executives to learn ideas and strategies to maximize innovation within their organization to stay ahead of competition and become role models in their respective industries. For more information on how your enterprise can lead through innovation with cutting-edge products and solutions, get in touch with your Globe Business Account Manager, call (02) 730-1010, or visit www.business.globe.com.ph.

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Lifestyle

Italian Language Week cites Primavera Residences designer as ‘Innovator’

T

he architect who designed the first eco-friendly, mixed-use condominium development in Mindanao spoke as an ‘Italian innovator’ on Dec. 12, at the 13th edition of the Settimana della lingua italiana nel mondo (Italian Language Week), the 13th global celebration of the annual cultural event first held in 2001.

ITPI Corp (ItalPinas Euroasian Design and EcoDevelopment Corporation) Executive Chairman and Chief Executive Officer Romolo Valentino Nati shared his “eco-logic” design principles with other Italian innovators and an audience of mostly Filipino aficionados of Italian language and culture.

Aimed at promoting Italian language and culture, Italian Language Week is held simultaneously in many countries on December 1013, focusing on a specific theme or particular aspect in the use of the Italian language.

As this year’s theme was ‘Ricerca, Scoperta, Innovazione: L’Italia dei saperi or Research, Discovery, Innovation: Italy and Knowledge’, Architect Nati was chosen to present his company’s innovative and environmental approach to building and property development.

Every year, Italian Language Week is organized by the

Romolo Valentino Nati

Accademia della Crusca in collaboration with the Office for the Promotion and Cooperation in Cultural Affairs of the Italian Ministry of Foreign Affairs.

In the Philippines, the Embassy of Italy and the Department of European Languages of the University of the Philippines, Diliman organized the event.

‘typhoon resistant,’ helping it survive two tropical storms and typhoons which hit Cagayan de Oro in the last two years. The location saved it from massive flooding at the height of Sendong, while the energy-saving features helped the mitigated the impact of Pablo's strong winds on the building.

The structures have also been designed to withstand earthquakes of high intensities.

Nati pushes sustainable architecture Nati spoke on “Eco-Friendly Buildings and Renewable Energy” at one of the Italian Language Week’s events, a whole-day forum held on Dec. 12 at the Claro M. Recto Hall of the College of Arts and Letters in the UP Diliman campus.

The Italian architect is the designer of Primavera Residences -- a 10-storey, twin-tower, mixed-use development located in Cagayan de Oro’s plush Pueblo de Oro Business Park -- and his company, ITPI, developed this.

ITPI was formed by Nati and his Filipino partner, Atty. Jojo Leviste, in 2009, and today has several projects in the pipeline. While the company is young, it invests most of its resources in its inhouse research and design (R&D) department that looks into sustainable architecture. ITPI is also an affiliate of the renewable energy firm Constellation Energy Corp. (CEC). Leviste is the President of CEC. The first tower of Primavera Residence, Tower A, just completed in the third quarter of last year, is almost fully sold-out. Tower B is also around 30 percent sold, even if its construction is just around 30 percent complete.

Multi-awarded green property developments Because of the eco-friendly features included in the design of its two towers, Primavera Residences has quickly gained the attention of both renowned real estate institutions as well as institutions involved in sustainable property development.

Primavera Residences has won two awards: The Most Promising Clean Energy Investment Opportunities from the Climate Technology Initiative-Private Financing Advisory Networks (CTI-PFAN) in 2010, given at the Asia Forum for Clean Energy Financing held in Makati; CTIPFAN is the Private Financing Advisory Network (PFAN) initiated by the Climate Technology Initiative (CTI) in cooperation with the United Nations Framework Convention on Climate Change (UNFCCC) Expert Group on Technology Transfer. PFAN operates to bridge the gap between investments and clean energy businesses. And, as One of the Best Condo Developments in the Philippines from the 2011 South East Asia Property Awards at a ceremony held at Singapore.

A truly green and ‘disaster-proof’ architecture Tower A of Primavera Residences has an inner courtyard and a cross-ventilation layout designed to enhance natural air flow and light. Shaded facades sift sunlight’s entry through windows, moderating the temperature inside units, slashing airconditioning costs by up to a third.

These features -- coupled with its location (110 meters above sea level) -also functioned to make the condominium

See the world through Italian language At the forum, Italian Ambassador to the Philippines Massimo Roscigno declared that the Italian language is a good instrument to explore the world.

“Italian is a language of music,” Roscigno said, also noting that it was important to devote resources to protect our heritage. "Without heritage, we are nothing."

The ambassador also expressed sympathy over the destruction of churches in Bohol and urged all Filipinos to do what they can to help restore our heritage sites, despite the economic challenges faced by the nation.

Dani R. Molintas

ala mode

by Owen Jaen

My Christmas Now

W

hen I was younger, (okay, way younger around eight years old or so) I get very excited when I see holiday lights being set up or when the tree has emerged from the stock room and slowly being assembled in our living room.

It meant that in just a few days, I will be receiving lots of gifts wrapped in colorful paper with bright and glittery bows.

We usually open our gifts on Christmas Eve and sleep late or wait until the morning light comes.

Overflowing food, merry dancing, unending rounds of karaoke and games cap our celebrations back then.

When I grew older, Christmas slowly shifted its meaning. It was no longer about me receiving but me having to give back.

Now let us move forward to the present. Christmas takes on a different glow now that I am growing older (and hopefully wiser).

I no longer get the excitement of receiving gifts but I feel the adrenaline rush whenever I go

around shops looking for presents.

There is a different sense of fulfilment seeing other people smile with glee.

This year, it is even more meaningful when together with some friends we are giving away gift packs to children in the Visayas.

The turnout of those helping the project is more than overwhelming.

As of this writing, we are close to a thousand gift packs and counting.

This is something we only hoped for but never truly imagined that it will be realized.

The love from friends and from generous people is enough to make this Christmas truly magical.

The simple act of kindness from the people we asked to share fills our hearts with so much joy and we know that the children who will receive these presents this yuletide season will be happy as well.

This project made me value the gift of family and of friends. They have been supportive in my personal endeavors and more so now that this is not just for me but for other people who need more cheering up

than we do.

Christmas is indeed a time for giving. I may not have the wealth that can uplift lives of our brethren but I sure have a treasure trove of wonderful people willing to lend a hand.

My real family are now spread all over the country and outside and we may never have the chance to celebrate Christmas like we used to, but through this project I can feel that it has bound us together in spirit.

Same with my classmates in high school whom I have not met for quite a few holidays now, we may not have had the chance to reunite in person but this little mission for the kids rekindled our connections.

This will be my first time to really truly celebrate a deeper kind of Christmas, not just with my own family but with children we hope to touch with our little presents. I pray that when they do receive these little bundles we prepared, they will see life with more hope and vigor to move forward.

Once again, to all who helped and are still willing to share, thank you from the bottom of our hearts!

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President Benigno S. Aquino III exchanges views with Japanese Prime Minister Shinzo Abe during the Bilateral and Working Lunch Meeting at the Small Dining Room of the Prime Minister’s Official Residence in 2-3-1 Nagata-cho, Chiyoda-ku, Tokyo on Friday (December 13, 2013) at the sidelines of the ASEAN-Japan Commemorative Summit.

At the meeting, the two leaders discussed cooperation on disaster management and reconstruction in wake of super typhoon Yolanda, economic concerns, maritime cooperation, people-to-people exchanges and the Mindanao peace process. The two leaders also exchanged views on prevailing regional issues of mutual concern. In 2012, Japan was the Philippines’ number one trade partner and provider of official development assistance as well as the second major source of approved investments and third source of tourist arrivals. (PLDT powered by SMART) (Photo by Ryan Lim (Malacañang Photo Bureau/PNA)

Private contractor says all oil safely extracted from stranded power barge MANILA -- Private contractor Kuan Yu Global Technologies Inc. on Monday reported it has successfully completed the extraction of all the bunker oil from Power Barge (PB) 103, which ran aground in Estancia, Iloilo at the height of Typhoon “Yolanda”.

“We’ve removed all the bunker oil from PB 103.

There is no longer any danger of more oil seeping out. All the fuel inside the vessel has already been safely taken out,” said Kuan Yu Global

president Karl Ignatius Young in a statement emailed to the Philippines News Agency.

“We retrieved 175,782 liters of clean bunker oil from the barge’s two tanks. extracted/PAGE 10

LPA near in Mindanao slim chance to intensify into cyclone The low pressure area (LPA) hovering near Mindanao has small chance to intensify into tropical cyclone, the state weather bureau said on Monday.

PA G A S A w e a t h e r forecaster Samuel Duran said the LPA was still over s out h of Mind anao or below the island’s landmass, outside the Philippine area

of responsibility (PAR).

Duran said that they do not expect the LPA to intensify into a cyclone and enter the Philippine territory anymore since it will likely

dissipate within 12 to 24 hours.

He added that PAGASA still expects at least one more storm to affect the country cyclone/PAGE 11

The E.I. Power

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City

By Adefer B. Cano

OFFICE OF THE PROVINCIAL SHERIFF

The hardest people to handle is people. This implies on the difficultly of some leader in handling people in an organization. An organization is composed of individual who have different feelings, emotions, culture and aspirations.

Thus, it is somewhat difficult to handle people than machines or any other else. In this premise, every organization should have a leader with high emotional intelligence who could handle each of the individual with different feelings and emotions.

Moreover, it is also true to schools, principals are handling people- the teachers just as the teachers are handling the learnersthe students with different feelings and aspirations.

On this situation, principals and teachers should have awareness and knowledge about emotional intellegence

in order for them to be effective in handling people thus constitutes to be more productive in their respective jobs.

Emotional intelligence is not about being nice all the time but it is about being honest. It is about being aware of your feelings and those of others. It is not being emotional but being smart with your emotions.

For the principals, to be effective in their jobs they have to be sensitive to the needs of their teachers, they have to be considerate yet firm and for the teachers, they should have a big HEART, who’s willing to listen to their students’ aspirations. Ultimately, people doesn’t care how much you know unless they know how much you care. On this thought, everything will gonna be easy, in controll and in place. That’s the power of E.I.

NOTICE OF EXTRA-JUDICIAL SALE EJF File No. 2013-357

Upon extra- judicial petition for sale under Act No 3135 as amended by Act No. 4118 by PHILIPPINE VETERANS BANK, against SPS. BASILIO A. LAO married to SERINA LAO a.k.a SERENA N LAO, with residence and postal address at 2131 R. Limketkai Avenue, Brgy. Camaman-an, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of September 15, 2013 amounts to FIVE HUNDRED EIGHT THOUSAND EIGHT HUNDRED SEVENTY SEVEN and 46/100 PESOS ( P508,877.46), ONLY, plus all other charges including the fees that may be due to you for services rendered, the undersigned or her duly authorized deputy will sell at public auction on February 6, 2014 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 Philippine Currency, the following property described below including all existing improvements found thereon to wit: TRANSFER CERTIFICATE OF TITLE NO. T-111344

A PARCEL OF LAND (Lot 18453-C-3-D-2-F-1, Psd-10-004095, being a portion of Lot 18433-C-3-D-2-F, Psd-10-003338) situated in the Barrio of Camaman-an, City of Cagayan de Oro, Island of Mindanao.

Bounded on the N., and on the E., along lines 2-3-4 by Lot 18453-C3-D-2-F-3; on the S., along line 4-1 by Lot 18453-C-3-D-2-F-2, both of the subdivision plan Psd-10-004095; on the W., along line 1-2 by Lot 18455-H ( LRC) Psd-175483. Containing an area of ONE HUNDRED TWENTY (120) SQUARE METERS, more or less, registered in the name of BASILIO LAO married to SERINA LAO.

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

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

Cagayan de Oro City, December 11, 2013.

(Sgd.) ANTONIO A. CAGULANG, JR. Sheriff IV

BWM: Dec. 18, 26 2013 & Jan. 2, 2014

‘Yolanda’ death toll now at 6,055 -- NDRRMC MANILA -- The death toll from super typhoon “Yolanda” (Haiyan) rose to 6,055, while the government assistance for affected people reached P1.1 billion, the National Disaster Risk Reduction and Management Council (NDRRMC) said on Sunday.

The running total of the death toll is broken down as fol lows: C a lab arzon (Cavite, Laguna, Batangas, Rizal and Quezon provinces), 3; Mimaropa (Mindoro, Mar i n du qu e , R omb l on and Palawan), 19; Bicol, 6; Western Visayas, 250; Central Visayas, 74; Eastern Visayas,

5,703; Zamboanga Peninsula, 1; and Caraga,1.

The NDRRMC also said 27,468 people were injured while 1,779 remain missing.

At least 3,424,593 families or 16,007,181 individuals were affected in 12,122 villages in 44 provinces, displacing 841,581 families or 3,904,075 people.

O f t h o s e d i spl a c e d, 20,949 families or 101,646 individuals are still staying in 383 evacuation centers.

Damage caused by Yolanda increased to P35.547 billion, including P18.226 billion in toll/PAGE 11

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region BRANCH 24 Cagayan de Oro City HDMF (PAG-IBIG),

Mortgagee,

-versus-

JERRY G. BELONIO MARRIED TO BERNADETH J. BELONIO, Mortgagors.

X-----------------------------------------/

FILE NO. 2013-341 FOR: EJF OF REAL ESTATE MORTGAGE UNDER ACT 3135

SHERIFF’S NOTICE OF SALE pon extra-judicial petition for sale under ACT 3135 as amended filed by HDMF U (PAG-IBIG)., mortgagee, against Omit. JERRY G. BELONIO and BERNADETH J. BELONIO mortgagor, resident of Block 5, Lot 8, Xavier Heights Subdivision Phase 1-A, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of November 21, 2013, amounts to (P 470,672.78) excluding penalties, charges, attorneys fees and expenses of foreclosure, the undersigned Sheriff will sell at Public Auction on January 24, 2014 at 9:00 A.M. or soon thereafter at the main entrance of the Hall of Justice, Hayes Street, Cagayan de Oro City, to the highest bidder, for CASH and in Philippines Currency, the properties with all its improvements to wit: TRANSFER CERTIFICATION OF TITLE NO. T-206719

A PARCEL OF LAND (Lot 21,Block 27, Pcs-10-002661, being a portion of Lots 3594,3596, 3597, 3598, 3600, Cad-237 & Lot 3595-I, ( LRC) Psd-128619).

Situated in the Barrio of Iponan, City Of Cagayan de Oro, Island of Mindanao.

Containing an area of ONE HUNDRED FORTY (140) square meters more or less. Including all improvements found thereon.

Prospective buyers may investigate for themselves, in the event of Auction Sale can not take place for whatever legal reason the sale will proceed on the following day, without further notice, posting and publication, the title here in above describe and encumbrance thereon, if any there be.

Cagayan de Oro City, Philippines, December 9, 2013.

BWM: Dec. 18, 26 2013 & Jan. 2, 2014

(Sgd.) TERESITO C. ESTENZO Sheriff IV

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ABELLANOSA Lechon House Robinsons... from page 2 Corner Magsaysay Abellanosa St., Cag. de Oro City MANAGED BY :

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Shiseido stores and two Benefit stores in various leading malls in Metro Manila, Cebu and Davao.

In a disclosure to the Philippine Stock Exchange (PSE), RRHI said the acquisition includes the right to sell Shiseido and Benefit cosmetics products under a distribution agreement with Luxasia Inc. and L Beauty Luxury Asia Inc. Luxasia is a leading distributor of world renowned fragrance and cosmetics brands in the Philippines, w h i l e Lu x u r y As i a o f prestigious LVMH beauty brands in the country.

“The acquisition is in line with Robinsons Retail’s strategy of expanding into new retail segments,” said RRHI. It said the 10 cosmetics stores will add to Robinsons Retail’s store network which now totals over 1,000 stores upon completion of the closing requirements.

RRHI, the second largest multi-format retailer in the Philippines, has six main business segments: supermarkets, department stores, do-it-yourself stores, convenience stores, drug stores and specialty stores.

(PNA)

Threat... from page 2

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declared unconstitutional by t he Supreme C our t, a suppl e me nt a l bu d ge t measure should be passed by the legislature without delay in order to accelerate reconstruction activity,” he recommends.

In his lecture, De Ocampo forecasts Philippine economic growth in 2014 “at the low end of the government’s 6.5 to 7.5 percent target,” adding that the devastating impact of super typhoon Yolanda would still be felt going into a new year.

His forecast is close to the average international forecast of 6.4 percent.

IMF projects 2014 GDP expansion of 6 percent, ADB 6.1 percent, World Bank 6.7 percent, Standard and Poor’s 6 percent to 6.5 percent, and Moody’s 6.5 percent to 7 percent.

But he pointed out that most of these expectations have not yet taken into account the impact of this ye ar’s t ypho ons on t he domestic economy next year.

“It re m ai ns to b e seen whether the robust and above-trend growth momentum of the Philippine economy at above seven percent in the previous four consecutive quarters could be sustained or thrown off track.”

For full year 2013 Philippine GDP growth is estimated to be within 6.8 percent to 7.2 percent, still in the upper end of government target. -- Romelda Ascutia, PHILEXPORT News and Features

Sales... from page 2

Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that their auto sales also went up by 16.2 percent with 164,098 units being sold in the first eleven months of 2013 compared to same period in 2012 which only sold 141,280 units.

Combined CAMPI-TMA and AVID eleven month-sales posted a total of 192,006 vehicles.

Despite the onslaught of typhoon “Yolanda” during the first week of November, sales of the local car industry still poised a positive growth.

CAMPI-TMA reported that year-on-year (Y-o-Y) sales for November has increased by 8.9 percent from 14,617 in 2012 to 15,917 in 2013.

AVID’s November sales also surged 12 percent Y-o-Y basis from 2,268 units last year to 2,534 units being sold November of this year.

The auto industry remains confident to meet the 210,000 target sales for this year as it was expected that the month of December will further push sales growth.

“December is still the best time for the industry. Influx of returning Balikbayans, bonuses and year-end savings are real market enhancers.

Commercial vehicle will also continue to perform well as government and private organizations undertake massive reconstr uc tion efforts. To reciprocate, auto companies will continue to provide enticing promotion packages to assist customers while closing their annual s a l e s t a r g e t s ,” C A M P I President Rommel Gutierrez noted.

Likewise, AVID echoed that remittances from abroad and reconstruction projects in central Philippines will support the local economy. ”As the economy remains resilient against downside risks, the automotive industry shares the same confidence that sales target will be achievable by year-end as market demand continues to be robust,” said AVID. In the first half of this year, CAMPI jacked up auto industry target sales for 2013 from 200,000 to 210,000.

This will include combine sales of CAMPI, TMA and AVID,Gutierrez said. (PNA)

Sales... from page 4

sustainability in mobility by providing innovative products and services that are friendly to the environment,” Ma. Fe Perez-Agudo, AVID president said.

The group attributed the growth to the favorable inflation and interest rate environment, which have remained low, combined with the 7-percent economic expansion in the third quarter.

“In the aftermath of Super Typhoon Haiyan, the economy will most likely move to a slower growth trajectory in the first half of

2014. However, the sustained influx of remittances and re-construction boost will help the economy regain momentum,” AVID said.

With that, the vehicle importers said the economy remains resilient against downside risks and thus they are confident that sales target will be achieved by year-end as demand remains robust.

The industry is aiming to sell a record 210,000 vehicles this year. The 2013 target includes sales of the Chamber of Automotive Manufacturers of the Philippines Inc (Campi) and the Truck Manufacturers Association (TMA), which make up 85 percent of total sales and release separate sales reports.

Race... from page 4

The project will begin in 2014 with customer research and technology development.

Self-driving cars receive data through a 360-degree camera system, GPS and other sensors which act as eyes and ears to navigate safely and avoid collisions.

T h e “n on - d r i v e r s” participating in the project will receive training to properly use the cars, which are expected to respond to everyday traffic situations and to park themselves.

The intro duction of self-driving cars raises legal questions particularly around liability, which today always lies with the driver.

“We need to look at the legislation,” Infrastructure Minister Catharina Elmsaeter-Svaerd said.

Other car makers — and even US tech giant Google — are also competing to be the first to bring self-driving cars to the public.

Japanese car manufacturer Nissan announced plans to have its first models ready by 2020.

Moody... from page 5

pay down debt, allowing some muchn e e d e d i nv e s t m e nt s i n infrastructure and social spending,” it said.

Also, private sector-led consumption is expected to remain strong boosted by resiliency of inflows from overseas Filipinos, growth in exports and the business process outsourcing (BPO) sector.

C re d it e x p a n s i on i s expected to register a 1318 percent annual growth, with the end-September level at 14 percent. “ This rate is slightly faster than nominal GDP growth, but we do not vie w it as likely to s i g i n i f i c a nt l y p r e s s u r e asset quality, given the low level of credit penetration i n t h e Ph i l ippi ne s and the countr y’s improved economic fundamentals,” the report said.

With the convergence of positive domestic developments, Moody’s said banks’ asset quality “should remain stable” as financial institutions increase their

provisioning for losses.

Bank lending has been rising but the report “expect the robust economy and low interest rates to continue being supportive of borrowers’ ability to service debt.”

The report also expects banks’ capitalization to remain strong despite the implementation of BASEL III starting January 1 next year.

BASEL III has a m ore s t r i n g e nt c apit a l requirements for banks, aimed to increase their resilience in periods of stress through bank-level regulations and through macro level by addressing r isks that can build up across the banking sector.

Aside from the current minimum requirement of 10 percent Capital Adequacy Ratio (CAR), banks are now required to have a Common Equity Tier 1 (CET1) ratio of at least six percent and Tier 1 capital ratio of at least 7.5 percent.

Banks are also expected to remain liquid and their prof itability to ‘remain robust.”

The report noted that banks’ the mild pressure on ne t i nte re st marg i n i s b e i n g c o u nt e r e d b y efforts to focus more on higher-yielding consumer and sma l l and me dium enterprise (SME) segments.

It added that improvement in government’s fiscal side “will add to its ability to extend support to the banks when necessary.”

“Our positive outlook on the banking system is consistent with our positive outlook on the Philippine government’s Baa3 rating,’ it added. (PNA)

Extracted... from page 9

We also pulled out another 426,200 liters of contaminated bunker oil,” he added.

According to Young, the recovered oil has been securely transferred to the M/T Obama, which is now enroute to La Paz, Iloilo.

The M/T Obama will then convey the oil to another vessel -- Power Barge 101, he said.

“We accelerate d t he fuel transfer operation in order to prevent unwanted additional discharges into the environment,” Young said.

PB 103 spilled oil after it got detached from its moorings and was stranded at the height of typhoon “Yolanda.”

Kuan Yu Global was assigned by the state-run Power Sector Asset and Liabilities Management Corp.

(PSALM), owner of PB 103, to clean up the leak and salvage the vessel.

Young said the cleanup has so far collected nearly 169 tons of oil debris.

“Following the successful fuel transfer operation, preparations are underway to refloat and salvage the stricken barge,” he noted.

(PNA)

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Alsons... from page 1

prospective 105-megawatt San Ramon Power, Inc. (SRPI) coal-fired plant in Talisayan, Zamboanga City and also controls and operates the 100-MW Western Mindanao Power Corporation (WMPC) diesel plant in Sangali, Zamboanga City.

Nocos reiterated the company’s commitment to ensure stable baseload electricity supply to the city by 2016 as he noted that the city is currently supplied with electricity by another Alsons Power facility – the Mapalad Power Corporation (MPC) diesel plant in Iligan City.

“Our Mapalad Power diesel plant in Iligan City has provided substantial relief from the power outages that have plagued Zamboanga City,” Nocos said.

Apart from these facilities, Alsons Power also operates the Southern Philippines Power Corporation’s (SPPC) 55-MW diesel plant in Alabel, Sarangani and is in the midst of constructing the 255-MW Sarangani Energy Corporation (SEC) coalfired power plant in Maasim, Sarangani which will begin operations in 2015 and reach full capacity by 2016.

T he A ls ons Powe r executive said once its ongoing plant construction projects are completed, the group will generate more than 25% of Mindanao’s projected power needs by 2016.

“By 2016, Alsons Power facilities will be generating at least 463 MW – more than 1/4 of the Department of Energy’s projected 2016 Mi nd an a o p e a k p owe r demand of 1,829 MW,” he said.

NGCP... from page 1

short presentation about the spot power trading and how the generation, transmission and distribution sectors can work together to make all the capacities in the Mindanao grid available to augment the supply of electricity.

“With proper information, relevant feedback and the cooperation of the generators whom we consider our customers-partners, we aim to ensure the continuous flow of electricity from generators to distributors.

This is NGCP’s mandate and we take this job very seriously,” Cynthia D. PerezAlabanza, NGCP spokesman, said.

“O u r t r ans m i ss i on operations affect power generation and dispatch, and vice-versa. We want to keep our generation customers i n f o r m e d o f N G C P ’s operational highlights and the efforts to improve the dispatch of available power in the grid,” she added.

The NGCP underscored the importance of smooth coordination between t h e g r i d op e r at or an d power supply providers in improving the whole power industry. It expected relevant information to translate to

improved power dispatch to benefit customers and other industries which depend on power services.

Among those who attended were representatives of the Philippine Independent Power Producers Association Inc., Department of Energy, Energy Regulatory C o m m i s s i o n , Nat i o n a l Tr a n s m i s s i o n C o r p . , Nat i ona l Powe r C or p. , Philippine Electricity Market Corp., Grid Management Committee, Power Sector Assets and Liabilities Management Corp., National Electrification Administration and t he var ious generat ion companies.

The NGCP is a privately owned corporation in charge of operating, maintaining and developing the country’s power grid. It transmits highvoltage electricity through “power superhighways” that include the interconnected system of transmission lines, towers, substations and related assets.

Aboitiz... from page 1

the parent’s latest quarterly financial report.

AEV’s profit slid 10.88% to P20.23 billion as of September from P22.70 billion a year ago. Revenues dropped 2.98% to P58.98 billion from P60.79 billion, while cost and expenses declined 4.98% to P41.58 billion from P43.76 billion.

AboitizPower contributed P10.97 billion to the conglomerate’s earnings, a 22% dip from P14.12 billion last year due to decline in revenues from sale of reserve power.

Income contribution of UnionB an k g re w by 8% to P3.31 billion from P 3 .0 8 bi l l i on af ter t he consolidation City Savings Bank into the UnionBank.

Agri... from page 1

municipality of Damulog in Bukidnon; Alegria town in Surigao del Norte; Talisayan in Misamis Oriental; and the town of Jimenez in Misamis Occidental.

Joining them from the Visayas are the municipalities of Bindoy in Negros Oriental; and Daram in Samar; while those in Luzon are the towns of Bagulin in La Union; General Nakar in Quezon; and Goa in Camarines Sur. “We have long been into organic agriculture, we have long been defensively against genetically modified organisms (GMOs) but br ing ing t he camp aig n to ban GMOs in a lighter proactive mood is new for us,” said Pacalioga, president of the League of Organic Agriculture Municipalities in the Philippines (LOAM).

LOAM has a total of 50 members at present and Pacalioga is hoping that the other mayors of the 34 LOAM municipalities will also declare their towns GMO-free zones.

“We [have to] do this because organic agriculture

11

www.businessweekmindanao.com

and GMOs cannot possibly co-exist, as they contradict each other,” he stressed.

He said that he feared that GMOs will undermine organic agriculture gains in the country especially since the Los Baños, Laguna-based International Rice Research Institute (IRRI) and the Department of Agriculture announced in November that the genetically-modified and patented Golden Rice will be commercially released within two to three years. Syngenta, the Swiss agrichemical firm, owns the patent of the Golden Rice.

The plan of the 16 mayors was firmed up following the advised of German organic agriculture advocates during the organic agriculture forum here on December 4, which the Dumingag LGU organized.

“Declare GMO-free zones field by field, town by town, city by city, province by prov i n c e u nt i l you cover the entire country,” advised Bernward Geier, representative of International Fe d e r at i on of O rg an i c Agriculture Movements (IFOAM-Europe).

G e i e r s ai d t h at “ i n Europe, more than 70% of the consumers reject GMO products,” as he urged the LOAM mayors to re-strategize their anti-GMO position into a pro GMO-free position.

“When you are in a festive and positive mood while being passionate to your cause, more people come along with you, and there is power in numbers,” said Joseph Wilhelm, president of Rapunzel Naturkost, one of the largest organic foodstuff manufacturers in Germany.

Wilhelm was the leader of the Genfrei Gehen, the 44-day long march in 2009 against GMOs from Berlin, Germany to Brussels, Belgium. In 2011, he delivered a stinging speech against GMOs and the peoples right to know during the closing program at the White House of the 16-day Right-to-Know March that demand the labeling of all GMO products in the US markets.

Recovery... from page 5

the withdrawal of the Fed’s stimulus -- an $85-billion a month bond-buying program called quantitative easing (QE) that has fueled financial market rallies around the world.

The case for tapering of the Fed’s stimulus has strengthened amid signs that the US economy is on the mend. This in turn has driven foreign funds invested in emerging markets like the Philippines for the exits.

Tetangco however said capital flight is not entirely bad, adding that this has some positive influence on monetary expansion, on exchange rate movements and on the economy by making exports competitive an d att r a c t i ng fore i g n investments.

“The emerging acceleration of the phase

of growth in advanced economies will also help our exports,” he said.

If there will be market volatility next year, then that would depend on the speed and timing of US Fed tapering, Tetangco said.

“US budget bill has taken off some pressures and that’s supportive of the market,” he said, referring to the resolution of the fiscal impasse that shuttered the federal government for a few weeks.

“The focus now is really on Fed tapering. If you look at it as the dust settles from all of these investors will go back to markets with good fundamentals. That’s our advantage,” Tetangco said.

He expects some outflows to weaken the peso vis-a-vis the US dollar. “Its not just negative. Too much inflow should also be a concern.

Slightly too high asset prices is also a concern,” he said.

“Wel l, t he p es o can go where orderly market conditions will take it,” Tetangco said.

www.johndprovoice.com

Cyclone... from page 9

before the year ends.

He said the weather disturbance‘s trough or extendedclouds will affect parts of Mindanao, as well as the eastern sections of Southern Luzon and Visayas until Tuesday afternoon, inducing cloudy skies with passing light to heavy rains.

Northern Luzon, on the other hand, Duran noted will continue to experience partly cloudy to cloudy skies with occasional light rains because of the northeast monsoon or “hanging amihan.”

He said the rest of the country including Metro Manila will have partly cloudy to cloudy skies with possible afternoon or evening rains due to localized thunderstorms.

PAGASA also issued gale warning as strong to gale force winds associated with the surge of Northeast Monsoon is expected to affect the eastern seaboards Luzon and Visayas.

“Fishing boats and other small seacrafts are advised not to venture out into the sea while larger sea vessels are alerted against big waves,” it said. (PNA)

Toll...

from page 9

infrastructure and P17.321 billion in agriculture.

The NDRRMC said the number of destroyed houses has reached 1,142,890 including 551,453 destroyed and 591,437 damaged.

It added that total cost of government assistance for the affected families has reached P1.134 billion.

The Department of Social and Welfare Development (DSWD) has allocated P815 million; local government units (LGUs), P116 million; Department of Health (DOH), P144 million; and nongovernmental organizations/ other government organizations, P56 million. (PNA)

MINUTES OF THE RAFFLING OF MISC.CASE NO. 131 and 132, BY THE RAFFLE COMMITTEE, REGIONAL TRIAL COURT OF MAMBAJAO, CAMIGUIN, 10TH JUDICIAL REGION, BRANCH 28, HELD AT THE COURTROOM OF RTC, BR. 28, HALL OF JUSTICE, MAMBAJAO, CAMIGUIN, ON NOV.26, 2013, AT 2:00 O’CLOCK IN THE AFTERNON. PRESENT: 1. JEOFFRE W. ACEBIDO - Executive Judge Acting Presiding Judge, Branch 28; 2. ALMA L. SABUGA - Clerk of Court VI, Branch 28 3. EUSTANCIA A. VASQUEZ - Court III, RTC, Br. 28 4. PRINCESS S. SILANGAN - Court Stenographer III, RTC, Br. 28 ============================================================ The raffle for the distribution of notice/order for publication to accredited newspaper started at 2:00 o’clock in the afternoon of Tuesday, Nov. 26, 2013 as stated in the notice. The notice was posted on the Bulletin Board of the Hall of Justice, at the main door of the Courtroom of RTC, Br. 28 and at the door of the Office of the Clerk of Court and Staff, and was duly furnished to the accredited newspaper for publication ,Businessweek Mindanao c/o Dante Sudaria, Tanleh Building, Abellanosa St., Cagayan de Oro City and Free Digest, at District 3, Bugnao Drive, Consolation, Cagayan de Oro City.

In accordance with the rule requiring the conduct of a raffle, and complying thereof, the Executive Judge conducted personally the raffle with the attendance of Clerk of Court VI, Alma L. Sabuga, Stenographer Princess Silagan, who took down the notes of the proceeding and one Clerk, Eustancia Vasquez. The raffle properly proceeded and was held on the lawyer’s table inside the courtroom.

By means of a bingo tambiolo, the Presiding Judge picked up the chip therein to determine which among the two accredited publication newspaper be awarded to undertake the publication of the notice.

The bingo chip taken from the tambiolo definitely show that order of publication shall be awarded to Business week Mindanao c/o Dante Sudaria, FICCO Building, Lapasan Highway, Gusa, Cagayan de Oro City for Misc. Case No. 131 and Free Digest, at District 3, Bugnao Drive, Consolation, Cagayan de Oro City for Misc. Case No. 132.

The raffle proceeding was finished at 10 minutes past 2:00 o’clock in the afternoon of November 26, 2013.

SO ORDERED ============================================================ CERTIFICATION

I hereby certify that the foregoing Minutes is true and correct to the best of my ability, kwowledge and belief.

(Sgd.) PRINCESS S. SILAGAN (Sgd.) EUSTANCIA A. VASQUEZ Stenographer ( Assisting) Clerk III APPROVED BY: (Sgd.) ALMA L. SABUGA (Sgd.) JEOFFRE W. ACEBIDO

Clerk of Court VI Acting Presiding Judge BWM: Dec. 11, 18 & 23, 2013

BusinessWeek MINDANAO

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wednesday - december 18, 2013

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

Feature

TUNE Hotels CDO Christmas Party 2013

“Tune Angels” win the first ever TUNE CDO Got TALENT Search, during the hotel’s Christmas Party, December 13.

TUNE HOTELS Cagayan de Oro celebrated their Christmas Party at the roof deck of the hotel, December 13. Photo taken after the traditional exchange-gifts segment. Management, staff, and interns all joined in the fun and celebrations in Tune Hotels CDO’s first Christmas party.

Photo by Shaun Alejandrae Yap Uy

Re-engineered Beats Studio headphones deliver premium sound experience

A

ppreciate good music like never before with Beats Studio headphones.

Lighter than its predecessor, the new Beats Studio headphones are built stronger, more comfortable and packed with intelligent features.

Sound: Each pair of the new Beats Studio headphones is precisely tuned with new custom digital software called the Beats Acoustic Engine (BAE), to perfectly deliver a reengineered and reimagined Beats sound experience.

Design: Every detail in the new Beats Studio was specially crafted to create a streamlined look, feel, and fit. The new design features lighter materials, increased strength, improved flexibility and an acute attention to detail. There are no visible screws. There are no straight lines. The new design also features an ergonomic adjustment mechanism around the ear cups that enables them to adjust to the head without restriction via a single floating pivot.

Noise Canceling: The new Beats Studio features adaptive noise cancellation (ANC), which switches between two modes. In music mode, sound quality and noise cancellation are perfectly balanced to deliver a premium listening experience.

When unplugged, the headphone provides a more aggressive noise reduction experience. All of the materials – from the ear cups to the headband – work in concert to isolate sound and improve the acoustics of the new Beats Studio.

Power Management: No more changing batteries. The new Beats Studio is a noise- cancelling headphone with a rechargeable, 20-hour, Lithium-Ion battery.

Charge it in any USB port or outlet. A 5-light LED battery fuel gauge indicates how much charge is left while an auto on/off feature automatically shuts down the headphone once it is unplugged.

Tune Hotels CDO Manager Ms. Sansehry Binay-an delos Santos awards Ms. Krisalee Anne Salamon with a service recognition for Photos by SHAUN ALEJANDRAE YAP UY her dedication and hard work this year.

MSI-ECS is the newly appointed distributor of Beats Electronics.

For availability, please email marketing@msi-ecs.com.ph or call 688-3180 to 83.