BusinessWeek Mindanao (December 2-3, 2014)

BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 75

Market Indicators

As of 6:13 pm dec. 2, 2014 (tuesday)

FOREX

PHISIX

US$1 = P44.73

7,344.23 points

10 cents

X X Briefly 12.50 points

P5 COLA increase DAVAO City -- Labor and Employment director Atty.

Jeoffrey Suyao of Davao Region announced the effectivity of the P5 cost of living allowance (Cola) for all minimum-wage workers on Monday.

He said the new Cola is part of the second tranche of minimum wage adjustment due to the implementation of the Wage Order No. 18 in June 1 raising the pay to P312 for non-agriculture and P302 for the agriculture sector, P312 for service or retail merchandise employing ten or more workers and P281 for those employing less that ten workers.

Suyao said the new cola adjustment will adjust the pay to P317 per day for non-agricultural sector, P307 per day for the agricultural sector, service or retail industries employing ten or more workers at P317 and P286 for those employing less than 10 employees.

Multimillion bridge BUTUAN City -- A massive bridge project of the Department of Public Works and Highways (DPWH) in Surigao del Sur will soon be completed; its current accomplishment rate is 78%.

This was disclosed by DPWHCaraga regional director Danilo E. Versola, citing the construction of P738-million Tago-Lapaz Bridge, a 12-span, 320 lineal meter bridge, connecting Barangay Poblacion, Tago, and Barangay La Paz in Bayabas.

Versola said Secretary of Public Works and Highways Rogelio L. Singson ordered the DPWH-Caraga office to fast track the completion of the much delayed project which faced several stoppages in its phases of construction since 1991.

Singson, when he assumed office as DPWH Secretary, ordered all the bridge projects taking years to complete be finished under the term of President Aquino.

One classic example of these bridges is the Aluling Bridge in Cervantes, Ilocos Sur, which was conceptualized way back in 1978 with construction activities started in 1990. The bridge finally opened to traffic in March 2013.

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With Laguindingan Airport as International Gateway:

P15.00

AirAsia sees potential for tourism in Normin

By MIKE BAÑOS, Editor-at-Large

A

SIA’S leading and largest low-cost carrier expects to play a major role in bringing in more tourists into Northern Mindanao once the Laguindingan Airport is made an international gateway.

MORE FLIGHTS. With new infrastructure and programmed improvements already installed, AirAsia expects Northern Mindanao’s tourism industry to grow faster, thus the company mulls more routes for Cagayan de Oro City in the next two years. –www.pbase.com

WB scales up rural dev’t assistance for Mindanao THE World Bank Group is scaling up assistance for rural development and job creation in Mindanao in support of the peace process in the southern part of the country.

In a statement, the World Bank said that it will support two new government projects this year, which have been allocated of about P14 billion.

The projects, according to World Bank will boost community-driven

d e v e l o p m e nt p ro j e c t s , build rural infrastructure, and exp and liveli ho o d opportunities for farmers and fisher folk in Mindanao. “ The World Bank is scaling up support for rural development and job creation in the region by providing critical infrastructure and promoting private investment in agri-business,” Lillie Magdamo, World Bank operations officer, said.

The new financial support for Mindanao is under the World Bank’s country partnership strategy for the Philippines.

The first project identified by the bank, costing P8.74 billion, is the National CommunityDriven Development Project (NCDDP), which is designed to empower poor communities to participate rural/PAGE 7

“Make Laguindingan an international airport so we can open Cagayan de Oro and the entire Northern Mindanao to more tourist arrivals,” said Atty. Josephine Joy D. Cañeba, Executive Vice President and Chief Executive Officer (CEO) of Air Asia Philippines, during a “meet-and-greet” activity with local media last week in Cagayan de Oro City.

Since it was designed 12 years ago, latest Civil Aviation Authority of the Philippines (CAAP) records show Laguindingan airport had already exceeded its design capacity of 1.6 million passengers with an air traffic volume of 1.8 million passengers as of September, 2014. airasia/PAGE 7

TAUSUG ‘VILLAGE’. Members of the Tausug tribe prepare a maligay used during reenactment of a pagtammat, the celebration marking the culmination of the study of the Holy Qur’an, in one of the cultural villages inside the ARMM Compound in Cotabato City. mindanews photo by omar mangorsi

Davao del Sur proposes 3 hydro PPPs

By CARMELITO Q. FRANCISCO, Correspondent

DAVAO City -- The Davao del Sur government is seeking to attract investors in renewable energy ahead of the 2016 elections that will install the first officials of the newlyfounded Davao Occidental

province, which consists of the former second district of Davao del Sur. In a project proposal submitted to the Mindanao Development Authority, the provincial government

said there are three potential hyrdroelectric plants that can be set up for an estimated total cost of $190 million under the public-private partnership (PPP) mechanism.

The proposed sites for the three plants, with a combined hydro/PAGE 6

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ARMM cooperatives can now avail Pag-IBIG loans MARAWI City -- Members of registered cooperatives in the Autonomous Region i n Musl i m Mi nd ana o (ARMM) can now avail programs and benefits from the Home Development Mutual Fund or the PagIBIG Fund.

This was made possible

through a Memorandum of Agreement (MoA) inked l a s t w e e k b y A R M M ’s Cooperative Development Authority (CDA) and PagI B I G F u n d’s C o t a b a t o office.

“Ito ay b a h a g i ng pagtutulak sa dapat maavail na services ng mga

cooperators tungo sa pagkamit ng ARMM na masagana’t mapayapa (This is part of our efforts to provide cooperators the ser vices they should be able to avai l towards a prosperous and peaceful A R M M . ) ,” s a i d C DAA R M M Ad m i n i s t r a t o r

Abdulrashid Ladayo, Sr. Me m b e r s of t h e s i x thousand registered cooperatives all over ARMM will now be re g iste re d to Pag - I BIG and be able to avail of its services.

Services include p rov i d e nt s av i n g s a n d

various loan schemes like calamity, salary and housing and others.

“I commend the efforts of the present administration for always ai m i ng to i mprove t he lives of their constituents,” said Manolito Olegario, Pa g - I bi g S out hw e s t e r n

Mindanao Area Head.

He said the agreement signed will not be affected e ve n i f A R M M w i l l b e replaced by Bangsamoro government.

“A l l o u r e f f o r t s a r e geared towards the coming of Bangsamoro,” Ladayo added.

Agnor agrarian cooperative, farmer beneficiary get national awards BUTUAN City -- The Department of Agrarian Reform (DAR) Central Office conferred the prestigious awards to Baug CARP Beneficiaries Multi-Purpose Cooperative (BCBMPC) and Ruben Ragas as the Most Progressive Organization and Most Outstanding Agrarian Reform Beneficiary (ARB), respectively, during the commemoration of the DAR Annual Awards and Recognition, in line with the celebration of International

Year of Family Farming (IYFF), held at the Bureau of Soils and Water Management (BSWM) Convention Center, Quezon City, last November 24, 2014.

Agusan del Norte Provincial Agrarian Reform Program Officer (PARPO II) Andre B. Atega commended BCBMPC and Ragas for modeling the success in Comprehensive Agrarian Reform Program (CARP) implementation.

“The two awardees are literal showcases of success in agrarian reform program

implementation in this province,” PARPO Atega said.

BCBMPC is a story of true grit and determination of 110 ARB members, who struggled from crab hunters to become bankers.

From a capital of P30,000.00, BCBMPC now stands in hundreds of millions and expected to be one of the billionaire coops in the country in the next five years.

After more than a decade of spectacular growth, BCBMPC operates a bank-like system, which provide financial knowledge and assistance to many small borrowers including Ragas, who now become an outstanding ARB. Ruben Ragas is a vegetable grower and farmer entrepreneur who now earns about half a million pesos yearly from the 2-hectare land acquired through land

distribution program of the government.

BCBMPC has been a recipient of an array of prestigious awards in the last four years which included the Gawad sa Pinakatanging Kooperatiba (Gawad Pitak), that in 2013, it was conferred with Hall of Fame Award under the Agri-Based category with P100,000 worth of fixed assets.

In 2013, Ragas was the regional awardee on Gawad Saka 2013 Most Outstanding high valued crop category during the 11th Annual Vegetable Congress and this year was conferred last August 8, 2014 as the 1st runner-up as Ulirang Magsasaka.

Both BCBMPC and Ragas are inspiration to all coops and individual ARBs in Agusan del Norte. (Gil E. Miranda, DARAgusan del Norte/PIA-Agusan del Norte)

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Mercy: What a Gift

T

hink a Minute…There’s a story about a very poor family who inherited $100,000. The mother knew this was their only chance to buy a nice little house and a better life. The daughter saw the money as her only chance to go to medical school and become a doctor. But the older brother wanted the $100,000 to start a business with his friend. He promised his mother and sister that he would soon pay back the money.

Well, the mother decided to give her son the one chance he needed to start a business and become successful. But just a few days later, that son’s business friend took all the money and ran. That family’s only hope for a better life was completely gone.

You can imagine how terribly guilty the son felt. His sister was so angry she hated him for what he had done. She called him the worst names she could think of. But her mother stopped her and said to her daughter: “Don’t you know that the time to love somebody is not just when they’re doing well. That’s not real love. Real love is loving someone when they’re at their worst and failed. When they can’t believe in themselves.

It’s now that your brother needs our love and acceptance the most! And if you haven’t learned that, then you haven’t learned anything!”

THINK

A Minute

By Jhan Tiafau Hurst

That’s the kind of love and mercy God has given you and me. There’s no possible way we can ever earn or deserve God’s love and forgiveness.

We’re like the soldier in Napolean’s army who was being punished for a crime he had done. His mother begged the great leader Napolean for mercy on her son. Napolean said: “Woman, your son does not deserve mercy.” And the mother answered: “I know, sir. If he deserved it, then it would not be mercy.”

You see, it’s God’s mercy and love that Jesus Christ died to give us. Because He knows it’s our only hope for a better life both now, and after we die. So won’t you ask Jesus right now for His gift of mercy and new life?

Just ask Him to forgive you for all your wrongs in the past, and to help you start changing with Him in charge of your life today, and every day. Just Think a Minute…

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A Market Research Effort

F

I F T E E N y e a r s h av e p a s s e d a n d I re c a l l of two young looking gentlemen from the National Capital region who went to Cagayan de Oro to conduct a feasibility study for a Bakeshop loaf and pastr y product from Singapore that was aiming to branch out their distribution in Northern Mindanao. They chose to stay in the local hotel that I once managed which at that time was branded as the first 4-star hotel in Mindanao.

The short acquaintance was a revelation how a bread factor y with European technolog y a n d a HAC C c e r t i f i e d food manufacturer could capture the imagination and taste of Filipinos to shift to their product. It was also a f lashback in my i m ag i n at i on how a famous hotel under a local management can dominate the tourist and convention market in the region. Times have passed and the bread products have captured the Philippine market from Appari in the North to the

Jolo Archipelago in the South. On the other hand over the years, the once famous hotel was losing its glory and their market lead in the business was eroded Hotels can be grandeur in its design and facilities.

It will become a venue of famous celebration of life teaming with high profile corporate events to hobnob of national government officials. It was the only hotel in Northern Mindanao which repeatedly hosted the stay of all Philippine Presidents starting from Corazon Aquino to Gloria Macapagal Arroyo a fate only the Manila Hotel can equal. Today, the Cagayan de Oro hotel is somewhere in time a history.

In any corporate undertaking, a thorough market research is done by a group of Marketing and Finance experts who can identify the demographics of prospective customers and t heir prof i les. The economy is not the only basis to do business but e ver y businessman must look into the

c omp e t it ive ne ss of t he place where to do business.

These entrepreneurs may not be holders of a Master’s Degree from the Ivy League Universit ies. The s ole proprietor of French Baker Mr. Francis Cua is a China man from Binondo, Manila who found work and established his business in Singap ore. He c ame back to the Philippines in the late 90’s to rise into a national loaf bread and pastry manufacturing and d ist r ibutorsh ip w ho s e logistics are based only in Manila and Cebu City but supplies t he ent ire Philippines. Mr. Cua sees to it that the markets in the far cities are served with fresh bread and pastries daily through the available airports and seaports to make way for his products into the Super Markets shelves and dining tables of the Filipino households.

I n D a v a o C i t y, homegrown Chinese entrepreneur couple, Felicidad and Crisencio Yap were tending their Sari-Sari store after the 2nd World

TRAVERSING the

Tourism H i - way

By Ped Quiamjot

War. Through sheer luck, savings and hard work, they acquired and accumulated ownership of small realty p ro p e r t i e s i n t h e C i t y to build their Groceries an d C onve n i e nt Store s business. Today, the Felcis Grand Centrale, a mixed use P3 Billion property development designed by the internationally awarded Architect Felino Palafox, J r. , t o w e r s a l o n g t h e oldest main thoroughfare Quimpo Boulevard. Felcris Properties is an innovation t h at r i s e s a s t h e t h i rd bi g ge st Ma l l, BP O and largest Hotel development to hit Davao City.

Rachel Arenas, Raring to be Senator

L

IFE’S INSPIRATIONS: “…`Do not be afraid, Mary; you have found favor with God. You will conceive and give birth to a son, and you are to call him Jesus’…”

(Luke 1:30-31, the Holy Bible).

-ooo ROMAN CATHOLICS, THREE ANNUNCIATIONS: To our brothers and sisters from the Catholic Church, are you aware that there are three recorded instances in the Bible where the birth of Jesus, our G o d and Savior, was proclaimed and prophesied to happen? The first was made in Isaiah 7:14, and 9:6. The second was made in Luke 1:26-37, and the third was in Matthew 1:18-25. Read them, and enjoy Christmas 2014 better!

-ooo RACHEL BABY ARENAS, RARING TO BE SENATOR: For former Pangasinan Rep. Rachel Baby Arenas, there is nothing more to prove as far as ser ving the public is concerned.

While she performed extraordinarily well in helping her constituents in the third district of the province during her stint as a twoterm-congresswoman, she did not rest on her laurels, so to speak, as she is continuing to serve Filipinos nationwide as an incumbent governor of the Philippine National Red Cross.

Rachel could very well take it easy now, because she has already contributed her share to nation-building as a

legislator. But it would seem she is destined to discharge bigger responsibilities in the field of lawmaking and public service. This early, she is being considered and earnestly wooed by the countr y’s major political parties, to entice her to become one of their senatorial candidates.

Undeniably, the idea of Rachel being elected senator is titillating not only her supporters. She herself is getting to be enamored with the idea. In fact, she is now travelling to every nook and cranny of the whole Philippine archipelago, talking to people of all class and status, assessing her chances of winning should she decide to ultimately run.

-ooo IDEAS FOR MAKING FILIPINOS SUCCESSFUL: Rachel, the only daughter of incumbent Pangasinan third district Rep. Rosemary Baby Arenas, a famous socialite, told me and Vic Somintac, my co-anchor in the Mondays to Fridays, 6 a.m. to 7 a.m. program, “Tambalang Batas at Somintac” at Radyo Agila’s DZEC, 1062 kHz, that her quest for a Senate seat depends on the outcome of her dialogue with Filipinos in places which she is visiting right now.

But even as she is bent on knowing the people’s sentiments on her possible Senate run, Rachel is already full of ideas that would really help Filipinos attain better lives through sustainable

livelihood programs in the countryside. She said providing stable sources of revenue to less fortunate Filipinos has b een her advocacy for the last 10 years.

In fact, Rachel told me and Vic, she has already coordinated with various public and private agencies to provide continuing training to various communities across the country, giving them technical knowhow and expertise that would enable them to earn decently. She is also bent on encouraging big companies and corporations to invest in towns and cities outside of Metro Manila to spur job creation among the youth.

-ooo R AC H E L A R E NA S : MAKE RP COMPETITIVE: On top of that, Rachel is also into making sure that even companies from abroad would find investing in the Philippines hassle-free and profitable for them. It is for this reason that Rachel is using her background as a lawmaker and now as a governor of Red Cross to ma ke su re t hat t he Philippines is competitive, in terms of better infrastructure, better energy supply, and cooperative local government units.

Rachel is also interested in sharpening the skills of Filipinos who wish to go abroad to find better-paying jobs. She noted that even in Pangasinan, economic advancement seems evident among Pangasinenses who

K akampi

Mo A ng Batas

By Atty. Batas Mauricio

have worked, or are still working, abroad. Indeed, for a woman who is still single and who grew up in an environment of affluence, Rachel is exhibiting a lot of sense towards helping those who are poor and marginalized.

-ooo PLEASE LISTEN: “ Ta m b a l a n g B a t a s a t Somintac”, jointly aired at DZEC, 1062 kHz in Manila, 1080 kHz in Dagupan City, 711 kHz in Naga City, 1260 kHz in Lucena City, 1224 kHz in Davao City, and at www.eaglebroadcasting. net, Mondays to Fridays, at 6 a.m.; “Kakampi Mo Ang Batas”, at 103.7 mHz in Don Carlos, Bukidnon, Mondays to Fridays, at 7 a.m.; “Kakampi Mo Ang Batas” at 801 kHz on the AM band (Panay Island), Mondays to Fridays, at 10 a.m.; and “Kakampi Mo Ang Batas” at 107.5 Win FM, Roxas, Isabela (Saturday, 5:30 a.m., and Sunday, 7 a.m.).

-30-

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A Brown taps Malaysia’s MTD for infrastructure foray A B ROW N C o In c . i s venturing into infrastructure and has partnered with the Philippine unit of Malaysia’s AlloyMTD for the purpose.

In a statement, A Brown said it signed last November 14 a memorandum of cooperation with MTD Philippines Inc. to undertake infrastructure projects that would address heavy traffic in key cities of the country.

Both of them will be part of a consortium that also includes Private E quity Investment and Development Corp (PEIDC) and Systra Philippines Inc, a unit of France’s Systra Group.

“A Brown has always been committed to seeking opportunities for growth and development in

different regions, especially infrastructure projects and services,” said Roel Z. Castro, A Brown executive vice president. “ We a i m t o f u l f i l l whatever is lacking, hence our recent foray into energy projects to address the inconvenience and high cost of rotational brownouts. We aim to do the same through this partnership with such an established group as MTD—to address chronic infrastructure issues in the Philippines and possibly in the Asean region,” he said.

MTD built the 36-kilometer South Luzon Expressway (SLEX) and the first phase of the P2.5-billion CALABARZON Regional Government Center, the first of its kind in the

Countryside developer to install $10-M solar rooftops in 7 years THE JOINT VENTURE of Imperial Homes Corp. (IHC) and Belgium-based Enfinity Group plans to complete solar rooftop installations collectively worth $10 million over the next seven years, an official said last week.

The target involves 500watt panels in 10,000 homes within several mass housing communities in Luzon, according to IHC President Emma M. Imperial.

“We are targeting 10,000 homes for the next seven years because the deal with Enfinity is to have a total of five megawatts (MW),” Ms. Imperial said in a briefing in Makati City last Thursday.

IHC is a low-cost housing developer operating mostly in the countryside, while Enfinity Group is an engineering expert with operations in Europe, North America and Asia-Pacific and whose local unit, Enfinity P h i l ippi n e s R e n e w abl e Resources, Inc., eyes over 20 solar projects in the Philippines.

Next year alone, 2,500 s ol ar ro of top s w i l l b e installed, including in Via Verde, a 1,000-unit housing development in Sto. Tomas, Batangas.

Scheduled for a grand launch on Dec. 14, that Sto. solar/PAGE 6

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Gingoog City WHEREFORE, premises considered, the Court hereby renders judgment by: 1. Recognizing the Final Decree of Dissolution of Marriage issued on July 01, 2013 by the Superior Court of California, Country of San Diego, U.S.A. in Case No. DS 46472 entitled “Gary Wayne Braxton vs. Michelle Castillon Braxton; 2. Declaring Michelle Y. Castillon to have the legal capacity to remarry under Philippine law; and 3. Ordering the Local Civil Registrar of Gingoog City and the Civil Registrar General to cancel the Certificate of Marriage between Gary Wayne Braxton and Michelle Castillo Braxton contracted on September 23, 2007 in San Diego, Califoria U.S.A.

SO ORDERED.

Done this 22nd day of October 2014 at Gingoog City, Misamis Oriental.

(Sgd,) MIRABEAUS A. UNDALOK

Presiding Judge BWM: Nov. 19, 26 & Dec. 3, 2014

Philippines and the first local government build-operatetransfer (BOT) project.

“We are very interested to be a part of A Brown’s infrastructure development for the Philippine public,” said MTD president Isaac David.

“We are well aware of the need to build more projects t hat wou ld sust ainably alleviate a lot of inconvenient problems we are face d with,” he said, adding that the consortium can help address traffic congestion and flooding.

A Brown is in the business of power generation and real estate, especially in the southern Philippine island of Mindanao.

A s u b s i d i a r y, Pa l m Concepcion Power

Corp (PCPC), runs the 135-megawatt (MW) coal-fired power plant in Concepcion, Iloilo.

Another unit, Peakpower Energy Inc, operates two bunker-fired plants under 1 5 - ye ar bu i l d - op e r ate transfer (BOT) agreements with electricity distributors in General Santos City and Agusan del Sur. A third plant in Bukidnon is in the pipeline.

A t h i rd s u b s i d i a r y, Hydrolink Projects Corp, is building a 26-MW hydropower plant in Surigao del Sur. A Brown also is in the water business, having partnered with the local government of Opol, Misamis Oriental to develop its own water source.

5

Del Monte Pacific, Nice Fruit forming joint venture for PH packing facility DEL Monte Pacific Limited (DMPL) has p ar t nere d with a Spanish firm for the processing, marketing and sale of frozen products in overseas markets.

In a disclosure to the Philippine Stock Exchange, the fruit canner said its board of directors cleared a joint venture with Nice Fruit SL and Ferville Limited that will establish a modern facility in the Philippines using the Barcelona, Spain-

based company’s patented technology called Nice Frozen Dry. N F D “a l l ow s f r u it s , vegetables and produce to be picked at its optimal ripeness and frozen for up to three years while preserving its nutrients, structure, original properties and organoleptic characteristics,” DMPL said.

“With the introduction of the Nice Frozen Dry, Nice Fruit foresees radical changes del monte/PAGE 6

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tue-wed|dECEMBER 2-3, 2014 WITH THE TRIBAL COMMUNITIES – VICE GOVERNOR JOEY G. PELAEZ speaks before the participants of the Talugan Ta Tagoloan Supreme Council of Datus/ Baes, Higaonon Tribal Communities Federation, Inc. General Assembly at Talusan, Balingasag, Misamis Oriental. In his message, Vice Governor Pelaez emphasized the importance of educating the youth who are members of the tribal community in order to cope with the changes of society while being able to retain indigenous practices to enrich our indigenous culture. The Talugan Ta Tagoloan was recently accredited as a nongovernmental organization by the Sangguninang Panlalawigan of Misamis Oriental in its Resolution No. 345, s. 2014.

Del Monte...

The solar panels are installed for free. from page 5 “We expect electricity rates to be in food consumption habits, and at least P1 per kilowatt-hour lower advantages for export and improved than the usual rates,” Ms. Imperial food stock management,” it added. said.

Nice Fruit, DMPL and Ferville will own 51 percent, 35 percent and 14 percent, respectively, of the joint from page 1 venture.

Nice Fruit is engaged in the output of 43 megawatts (MW), production and distribution of fruits are Malita (10 MW), which will and vegetables, while Ferville is a b e c o m e t h e c a p i t a l o f D a v a o minority financial investor that has Occidental; Don Marcelino (25 been instrumental in forging the MW), another Davao Occidental partnership between DMPL and the town; and Digos City (8 MW), Spanish company. capital of Davao del Sur. DMPL has completed the Digos City Mayor Joseph P. acquisition of Del Monte Foods Inc Penas earlier told BusinessWeek (DMFI), the company that owns the Mindanao that another renewable Del Monte brand rights in the United e n e r g y p r o j e c t t h a t c a n b e States and South America, for $1.68 developed in the province is a billion in February. solar farm that will provide power DMPL lost $21.9 million in the to Kapatagan, an area which the May to July period, which corresponds city government is developing to the first quarter of the fiscal year into an eco-tourism destination. of DMFI, due to higher interest Davao Occidental, carved out expense. of the southernmost part of Davao NutriAsia owns 67 percent del Sur, was officially created by of DMPL. The NutriAsia group an act of Congress in July 2013. is the market leader in the liquid Meanwhile, Aboitiz Power condiments, specialty sauces and Corp. (AboitizPower) recently cooking oil market in the Philippines. started exploration work for a planned 200-MW geothermal plant at the Mt. Apo area within Davao del Sur. from page 5 Aboitiz Renewables, Inc., Tomas project will serve as the the geothermal power arm of first solar-powered mass housing AboitizPower, has been exploring community in the Philippines.

20,000 hectares within the IHC and Enfinity Group will also boundaries of Davao City, North have a 478-unit project in Iriga City, Cotabato and Davao del Sur. Camarines Sur; and will build 1,022 AboitizPower said developing solar-powered homes in Cabanatuan renewable power sources is a City, Nueva Ecija. means of balancing its energy mix The remaining 7,500 units will in Mindanao where it will open be located in several developments next year a 300-MW coal-fired in Legazpi City, Albay; Silang, power plant, which is already Cavite; and expansion of the Iriga being eyed for expansion to up development. to 600-MW. Asked on the investment cost for Another Aboitiz subsidiary that the solar installations, Ms. Imperial is producing renewable power in said: “Our commitment to Enfinity is Mindanao is Hedcor, Inc. with its 5 MW. So that’s a total of $10 million four small hydroelectric power for the entire 10,000 units.” plants in Sibulan, Sta. Cruz, an Enfinity Group will operate and industrial town in Davao del Sur. maintain the 500-watt facility on the T h e f o u r p l a n t s h a v e a rooftops. Residents have an option to combined 75-MW output, about tap the renewable energy developer t w o - t h i r d s o f w h i c h g o e s t o should they decide to hike the capacity neighboring Davao City and the of their solar facility. remainder to the province.

Hydro...

Solar...

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region BRANCH 24 Cagayan de Oro City IN RE: CORRECTION OF ENTRIES IN THE CERTIFICATE OF LIVE BIRTH OF ALVIN ALIMANIA BAGARES,

SPEC. PROC. CASE NO. 2014-106

ALVIN ALIMANIA BAGARES, Petitioner,

- Versus – OFFICE OF THE CIVIL REGISTRAR OF CAGAYAN DE ORO CITY, Respondent.

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

Notice is HEREBY GIVEN THAT BEFORE THIS Court is a Petition for Correction of Entries in the Certificate of Live Birth of Alvin Alimania Bagares, filed by said Alvin Alimania Bagares, alleging, among others, that he was born on June 14, 1992, at Balulang, Cagayan de Oro City; that the “Hilot” who assisted his mother in giving birth to him inadvertently provided the following informations to the Office of the Civil Registry of Cagayan de Oro City; a. Middle name - Alimania; b. Mother’s last name - Alimania; c. Date of marriage of parents - January 2, 1992, Which are erroneous, as the correct ones are the following: a. Middle name - Alemania; b. Mother’s last name - Alemania; c. Date of marriage of parents: - June 22, 1994.

Thus, this petition for correction of said entries.

This Petition will be called for initial hearing on December 18, 2014 at 8:30 o’clock in the morning, during which the jurisdictional requirements, including publication of the notice of initial hearing , once a week for three (3) consecutive weeks in a newspaper of general circulation in Cagayan de Oro City and Misamis Oriental, its posting in the Bulletin Boards of this Court, City Hall of Cagayan de Oro City, and the Barangay Hall of the Barangay where Petitioner is residing, and notice to all persons who have interests or claims which would be affected by this Petition, shall be proved.

Let summons issue to the Local Civil Registrar of Cagayan de Oro City, and a copy each of the Petition and this Order be served on the Office of the Solicitor General, and the City Prosecutor of Cagayan de Oro City.

Further, the petitioner is directed to show proofs of compliance of the directives of this Order during the initial hearing.

Any person or persons whose interest/s may be affected by this Petition, may within fifteen (15) days from notice, file his/her/their opposition (s) thereto, or appear during the hearing and oppose the same.

SO ORDERED. ISSUED this 20th day of November 2014, in Cagayan de Oro City, Philippines.

(Sgd.) HENRY B. DAMASING

Presiding Judge BWM : Dec. 3, 10 & 17, 2014

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AirAsia... from page 1

CAAP records show air passenger traffic for July-Dec. 2013 at the new facility plus the Jan.-June, 2013 volume of the Lumbia Airport breached 1.89 million passengers, or over three times the 606,216 recorded at Lumbia in 2006, a mere seven years ago.

Despite Laguindingan airport operating only during daytime under Visual Flight Rules (VFR), air passenger traffic at the two facilities still grew by 268,000 in 2013, the largest increase registered during the CAAP’s operations at Lumbia which consistently attained double digit growth in passenger volume every year from 2006-2013.

“The reality is we have to move faster and our government officials should recognize this. Aviation industry is very fast paced, it’s so competitive that our neighboring countries are just so way ahead in terms of infrastructure. Like, the population of the Chinese market is so huge, that if they choose some other market to get into and not Philippines then we lose an opportunity, same with the Indians, and the Koreans,” Atty. Cañeba noted.

Huge Tourism Potential With its new infrastructure and programmed improvements in the coming years, the airline executive believes there’s a huge potential for tourism growth in Region X, as shown by Bohol’s experience.

“The revenue of Bohol province is 40 percent dependent on tourism,” she pointed out. “If they can have 40 percent with that kind of infrastructure, if you open this up, you will have way bigger economic returns.”

“In 2-3 yrs time we will probably be offering a lot more routes from Cagayan de Oro,” Atty. Cañeba noted.

“We will have Manila, I’m sure by that time, and still doing Cebu. We will have more international destinations such as Cebu and Kalibo. I really want to offer international routes out of Puerto Princessa, and even Tagbilaran, if their airport is ready,” she added.

Even without Laguindingan as an international gateway, Atty.

Cañeba said AirAsia can already offer “virtual” international services with its “FLY-THRU” service which allows passengers to make one-time bookings, thru check-ins (including baggage check-Thru) with no need from transit visas when traveling from AirAsia Philippine hubs to international destinations now being serviced by the airline.

“From Cebu I’m proud to say we can offer the Kuala Lumpur “FLYTHRU” service. This allows you to go to Cagayan-Cebu, Cebu to KL and from KL you have access to over 100 destinations of Air Asia routes. You can choose half of China, Australia, Indonesia, Thailand, Japan, India and the entire ASEAN, North Asia

is within your reach at reasonable price.”

Cebu Pacific Air also offers a similar fly through services with its strategic alliance with Singaporebased Tigerair. Both parties will collaborate commercially and operationally on international and domestic air routes to and from the Philippines, creating the biggest network of flights to the region.

The alliance will allow both carriers to harness synergies and efficiencies to enhance their network coverage, flight frequencies and customer service, and jointly market their routes using codeshare and interline arrangements. Subject to regulatory approval, the alliance will jointly operate common routes to and from Singapore and the Philippines.

Expansion Needed However, the CAAP says much remains to be done before Laguindingan can handle international flights.

“We have to expand our passenger and cargo terminals whose design capacities were already exceeded at its opening June last year,” said Jose P. Bodiongan, Area IX manager for the Civil Aviation Authority of the Philippines (CAAP) who manages the Laguindingan airport.

“Besides prioritizing the expansion of the passenger and cargo terminals and related facilities, we would still have to provide for additional space for Customs, Immigration, Quarantine and Security (CIQS) facilities if we wish to host international flights,” Mr. Bodiongan added.

The original Terms of Reference for the Operations & Maintenance Public-Private Partnership (O&M PPP) Development Plan of the airport covered its operations and maintenance. But it was later recommended for upgrading by the Regional Development Council for Region X (RDC-X) to include additional facilities and capacity of the airport to be carried out in three (3) phases.

Phase 1 specifies the expansion of the passenger terminal building to 14,490 sq.m. from the present 7,184 sq.m., expansion of the cargo terminal building to 8,652 sq.m. from the present 350 sq.m. and expansion of the parking lot from 10,300 to 24,600 sq.m. The Private-PublicPartnership plan has been approved by the NEDA Board’s approval and will next be bidded out to the private sector.

DOT eyes Busan-SG-CAG Route Catalino L. Chan III, Department of Tourism (DOT) Region X Director, said the DOT is eyeing a Busan, South Korea-Singapore-Cagayan de Oro (via Laguindingan) route since statistics show Cagayan de Oro has one of the highest number of resident Koreans in the Philippines.

“However, we are conducting further studies to see if the projected passenger volume from Busan would be sufficient to justify a direct link to

Cagayan de Oro without dropping

by Singapore which has one of the highest number of resident Filipinos that can further bolster passenger traffic along this route,” he added.

Mr. Chan said the projected passenger traffic along the proposed route should also be able to sustain at least twice weekly flights to allow Koreans a return flight within the week.

Department of Tourism (DOT) show the Philippines hosted 3,596,523 visitors for the first nine months of 2014, 2.49% higher than last year.

Travelers from East Asian region continued to be the biggest source of arrivals with 1,749,262 visitors (48.64%).

Korea remains the country’s leading visitor market for the period, followed by the United States Japan while Japan registering the highest growth. The DOT has set a “fighting target” of 10 million foreign tourist arrivals by 2016.

A total of P157.73 billion was generated from inbound tourists for the first nine months of the year.

The top five visitor markets in terms of expenditure are Korea, (P45.08 billion), the United States (P30.86 billion), Australia (P9.99 billion), Japan (P8.27 billion), and China (P7.08 billion).

“Next year is big for the Philippines because they’re launching Visit Philippines which makes me really happy and proud as a Filipino because that is really opening up the Philippines to the world. I think of any country in Asia we have a lot to offer, but there’s still a lot more that we need to do,” Atty. Cañeba said.

AirAsia Philippines is an affiliate of AirAsia, the leading and largest lowcost carrier in Asia. It proudly brands itself as a truly ASEAN (Association of Southeast Asian Nations) airline with established operations in Malaysia, Indonesia, Thailand, the Philippines and India, servicing a network of 88 destinations across all ASEAN countries as well as China, India and Australia. It was named the World’s Best Low Cost Airline in

the annual World Airline Survey by Skytrax for the last six consecutive years (2009-2014).

Rural... from page 1

in local planning, budgeting and implementation of community-level projects.

The second project is the Philippine Rural Development Project (PRDP) that supports rural infrastructure as well as small business and livelihood projects for farmers and fisher folk.

To date, local government units in Mindanao and the Department of Agriculture have prepared several projects, mostly farm-to-market roads worth P5.3 billion, of which P501 million will be for the Autonomous Region in Muslim Mindanao.

Jesse Ang, International Finance Corp. (IFC) resident representative for the Philippines, meanwhile, said that they are encouraged by the efforts of various stakeholders to promote stability in Mindanao.

Ang cited the recent completion of the Bangsamoro Development Plan and the efforts of the government, the Moro Islamic Liberation Front (MILF), and other sectors of society to lay the foundations for lasting peace and development in Mindanao, including the Bangsamoro.

“Together with other development partners, we are committed to contribute to these efforts,” Ang said.

He also said that the IFC – a member of the WBG which focuses on the private sector – and its private sector partners are currently discussing investments that will generate at least 6,000 jobs in Mindanao, including the Bangsamoro.

Ang said World Bank-assisted public programs will complement these efforts by providing critical support for the construction and rehabilitation of farm-to-market roads, bridges, irrigation facilities and water supply.

He added it will also provide technical assistance to local communities to expand livelihood opportunities and small business enterprises.

Republic of the Philippines LOCAL CIVIL REGISTRY OFFICE PROVINCE OF MISAMIS ORIENTAL Cagayan de Oro City NOTICE FOR PUBLICATION In compliance with Section 5 of R.A. No. 10172, a NOTICE is hereby served to the public that JIMNETTE ABIAN ABRENICA has filed with this Office a petition for the correction of clerical error in the entry of the child’s SEX from “MALE” to “FEMALE” in the Certificate of Live Birth of JIMNETTE TAGOON ABIAN who was born on April 17, 1990 in Cagayan de Oro City and whose parents are JIMMY SABANDAL ABIAN and JOVINETA LUSANO TAGOON. Any person adversely affected by said petition may file his written opposition with this Office not later than December 12, 2014.

(Sgd.) NORMA S. DIPUTADO

City Civil Registrar BWM: Dec. 3 & 10, 2014

The Country Partnership Strategy is considered the WBG’s business plan that supports the Philippines’ development strategy. It has identified key areas where the Bank Group can promote development and help reduce poverty: • Transparent and accountable governance: Strengthening public financial management, improving fiscal transparency and financial accountability, and supporting greater demand from citizens for government accountability.

•Empowerment of the poor and vulnerable: Improving health and education outcomes, strengthening social protection and ensuring the availability of more timely and improved measurements of poverty.

•Rapid, inclusive and sustained economic growth: Promoting economic policy reform for inclusive growth, boosting private sector development by improving the investment climate for firms of all sizes, including greater access to finance, and increasing productivity and job creation, especially in rural areas.

•Climate change, environment, and disaster risk management: Increasing physical, financial and institutional resilience to natural disasters and climate change impacts, and improving natural resource management and sustainable development; and •Peace, institution-building, and social and economic opportunity: Supporting social and economic development in conflict-affected regions in Mindanao, including the Bangsamoro.

7

DEED OF EXTRA-JUDICIAL SETTLEMENT OF PORTION OF ESTATE WITH SALE

Notice is hereby given that the intestate estate of the late AVELINO ANABISO, who died intestate on June 7, 1982 at the Northern Mindanao Regional Hospital in Cagayan de Oro City, and upon his death together with his deceased wife Mercuria Anabiso who died on July 21, 2010, have left a parcel of land which have inherited by the herein Surviving legitimate heirs, and more particularly described as follows, to wit: “A PARCEL OF LAND situated at Poblacion, Libertad, Misamis Oriental , containing an area of 411 square meters, more or less, under Lot No. 46; covered

by Tax Declaration No. 20-000100294 in the name of Avelino Anabiso. That Avelino Anabiso upon his death left no known debt or obligation whatsoever; That the surviving legitimate heirs have mutually agree as all of them hereby agreed to settle portion of the above-described parcel of land unto and in favor of the VENDEE, and said portion of land sold shall be described and bounded as follows, to wit: Containing an area of 168 square meters, more or less; That Articles 1621 to 1623 of the NEW Civil Code has been complied with. is the subject of DEED OF EXTRA-JUDICIAL SETTLEMENT OF PORTION OF ESTATE WITH SALE under the notary public of Atty. DAMASO P. TUBELLEJA, As per Doc. No. 4350; Page No.70; Book No. X; Series of 2014.

BWM: Nov. 19, 26 & Dec. 3, 2014

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

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 18 Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA JUDICIAL SALE NATIONAL HOME MORTGAGE FILE NO. 2014-288 FINANCE CORPORATION (NHMFC) Mortgagee,

FOR : EXTRA-JUDICIAL

-VERSUS- FORECLOSURE

OF REAL ESTATE ANN APASRA VALMORES SAMBAAN, MORTGAGE Mortgagor.

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

Upon extra-judicial petition for sale under Act 3135 as amended, filed by NATIONAL HOME MORTGAGE FINANCE CORPORATION (NHMFC), Mortgagee, against ANN APASRA VALMORES SAMBAAN, Mortgagor, resident of Lot 39, Blk 14, Villa Candida Subd., Bulua, National Highway, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of May 31, 2014, amounts to FIVE HUNDRED THIRTY SEVEN THOUSAND EIGHT HUNDRED SIXTY ONE PESOS and 65/100 (Php 537,861.65) exclusive of penalty, the undersigned sheriff will sell at public auction on December 19, 2014, at 9:00 a.m. to 4:00 p.m., at the Regional Trial Court, Branch 18, Room 117, Hall of Justice, Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the following property described below including all existing improvements found thereon, to wit: TCT No. T-71339

A PARCEL OF LAND (Lot 39, Block 14, Psd-10-015484, being a portion of Lot 6221-C, Psd-10-012775) situated in the Barrio of Bulua, City of Cagayan de Oro, Island of Mindanao, containing an area of FIFTY (50) SQUARE METERS, more or less.

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 working day , without further notice, posting and publication.

Prospective buyers may investigate for themselves the title the title herein above described and encumbrance thereon, if any there be.

Cagayan de Oro City, November 18, 2014 FOR THE EX-OFFICIO PROVINCIAL SHERIFF (Sgd.) NIZA P. TACANDONG

Sheriff IV BWM : Nov. 26, Dec. 3 & 10, 2014

Mindanao Daily BusinessWeek NEWS MINDANAO THE BUSINESSMEN’S NEWSPAPER LIFESTYLE . PEOPLE . PLACES . EVENTS

Bringing Good News of Mindanao

Volume V, No. 75

2013 ppi’S Best in Business and Economic Reporting

THE

FOUR-WAY TEST

of the things we think, say or do

1. Is it the TRUTH? 2. Is it FAIR toFestival all concerned?

Kagay-an 1st Oro Lechoneros Champion and 3. Will it build Encuentro GOODWILL for Orders, Contact Yoyong: BETTER FRIENDSHIP? 4. Will it be BENEFICIAL to all concerned?

09354145759

See story on Page 812 TUE-WEN | DECEMBR 3-4, 2014

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MyPhone Marketing Manager John Luke Chica giving the MyPhone Vice President for Marketing and Business Developthen Ms. Cebu Jamie Herrell the Ms. MyPhone Award in this ment Richie de Quina awarding Herrell the Ms. MyPhone Award during the Moment of the Earth Event year’s Ms. Philippines - Earth Pageant

Ms Earth 2014 Jamie Herrel taking selfies with her MyPhone Infinity

Miss MyPhone Jamie Herrell crowned as Miss Earth 2014

O

Phone awarded prizes to the winning candidate, as well as a special Miss MyPhone award which was won by Herrell herself. MyPhone also powered the official social media feeds of Ms. Earth’s official accounts on Facebook and Instagram by providing mobile units that were proven reliable during their tours.

“We are proud to be a partner of the Ms. Earth which promotes ‘beauty for a cause’, not only to the Philippines where it originated, but also to the world,” explains Richie de Quina, MyPhone’s Vice-President for Marketing and Business Development. “Expect that this won’t be the last time you will see MyPhone supporting the Miss Earth pageant,” MyPhone Vice-President for Marketing and Business Development Richard de Quina with the Ms. Earth 2014 Winners he added.

ut of 86 Earth ambassadresses from around the globe, Miss Earth Philippines and Miss MyPhone Awardee Jamie

Herrell was crowned as the Miss Earth 2014 last November 29, at the U.P. Theater, Diliman, Quezon City.

The three other

crowns were bagged

by Miss Russia Anastasia Trysova, Miss Venezuela Maira Alexandra Rodriguez, and Miss USA Andrea Neu for the Miss

Fire, Water, and Air, respectively.

The Pageant, which is known to be the most prestigious and relevant beauty pageant in the world, had

been working hand-inhand with MyPhone in promoting the protection of Mother Earth for years now.

As one of the pageant’s partners, My-

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Italpinas Chairman cited among PH BizNews Asia’s ‘Top 24 CEOs’

C

AGAYAN DE ORO CITY — BizNews Asia, the country’s largest weekly business and ne ws magazine, celebrates its 13th anniversary by honoring 24 of the Philippines’ leading CEOs and business tycoons at InterContinental Manila last November 25.

Also previously listed to be one of the Most Influential People in the Philippines by BizNews Asia, Italpinas chairman, Dr. Jose “Joey” P. Leviste, Jr., is now cited as one of the 24 leading CEOs in the country.

Management Excellence Awardees Together with Bangko Sentral Governor Amando M. Tetangco, Jr, SM Prime Holding’s President and CEO Hans Sy, and Metrobank

C hai r man Ar t hu r Ty, OceanaGold Corp and Italpinas Euroasian Design and Eco-development Corp (ITPI) Non-executive Chair Leviste are this year’s Management Excellence Awardees.

“I am very grateful that BizNews Asia selected me as one of the Management Excellence Awardees this year, especially because I am with illustrious company.

I t ’s c e r t a i n l y a distinguished group that I

was fortunate enough to be part of. On my part, I am happy that I was given this recognition, not so much for myself, but for the people I work with most especially in Italpinas, for the good work they have done in the area of green buildings and the internationallyrecognized designs that t he y have brou g ht to Northern Mindanao and most especially Cagayan de Oro,” Leviste said.

Dr. Leviste, together with ITPI CEO and Arch.

Romolo V. Nati and ITPI President Jojo Leviste, share the same vision and passion in promoting sustainable developments in the Philippines.

He is a s eas oned italpinas/PAGE B3

BusinessWeek MINDANAO

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Chasing Dreams: A Triathlete’s Story

(Photo courtesy of Manta Tri)

O

Story by noEl villa

n a regular day, 22-year old Mark Balanay goes to work as a sales assistant at a local sports shop. Although a man of few words, he greets customers with a smile and gives them advise on which bike is best for their need, lifestyle and budget. Little do they know that this young man was in fact the winner in the recently concluded Manta Tri held last November 16, 2014 in Medina, Misamis Oriental.

The youngest of three siblings, this determined triathlete works hard and sets his goal to compete in the 5150 Triathlon Series, the “largest international distance triathlon series in the world and will be the first nondrafting international race series of its kind, offering a competitive platform for professional and age group athletes”. In the Philippines, this event will be held in Subic Bay and Bohol in June and November 2015.

As an athlete myself, I celebrate milestones of other athletes for I know that there is usually a wonderful story behind each individual’s journey. I chatted with Mark recently to get a glimpse of his story and hopefully to inspire other promising athletes to never cease chasing their dreams.

How long have you been doing triathlons?

“I started 2 years ago. On my 1st Race I placed 3rd in the National Age Group TriAthlon 2012 in Gusa, Cagayan de Oro City.”

Where do you train?

“I usually swim and run at Pelaez Sports Complex. I also run at Pueblo de Oro area located uptown. For cycling, I train on the road from CDO going to Jasaan, Misamis Oriental" How do you prepare yourself before a big race?

"Usually I just rest and relax while listening to music.”

At the Manta Tri, you lead pretty much throughout. Noel Salvador (Member of International Triathlon Union based in Manila) who is considered as a veteran in the Tri Circuit closely followed you. How did you manage to keep your lead?

"At first he was the one I kept a close eye on during the swimming stage.

Being a veteran in the sport, I knew he was always going to be close by. But during the cycling stage, I was able to create a significant gap and eventually pulled away from him".

Leading up to the last 800 meters of the run, what was going through your mind and how confident were you finishing strong?

"Although I was able to kick away, I continued to stay focused and controlled my running to avoid getting muscle aches or cramps" There are lots of Tri Circuits in the Philippines. Which would be your Dream Circuit, one that you would like to win one day?

"I would say the 5150 Triathlon in Subic. It has a standard Olympic distance race. It's an internationally

renowned race with participants coming from all over the world and most Filipino triathletes join the race to qualify for other international races around the globe".

What advice can you give to those who are thinking of participating in triathlons?

"Running and cycling are easy but swimming is very technical. You need to really train hard and perfect your swimming skills and techniques needed for the race.”

Filipinos love sports, there is no doubt in that. Despite the very limited training facilities and funding for sports in this country, these setbacks never hindered the spirits of our talented athletes. I just hope that through this article, the people in authority will finally realize that investing in other sports apart from the usual basketball, volleyball or boxing will also bring pride to the City just as what Mark did. In the near future, given the right training and support, I am very confident that he will reach more heights and finish his dream race with great confidence.

Marks Winning Gear are all available at Sprint MultiSport 2XU Tri Suit, Aqua Spare swim cap and goggles, Specialized Tri Vent Sport Tri shoes, Zoot Ovwa running shoes , Lazer helmet, Felt F95 bike

SPORTS AND ADVOCACY DO MIX Athletic events can be more than just a sports program, it can become a vehicle for an environmental campaign. this is what Bugsay Mindanao, the first ever Northern Mindanao dragon boat race is all about. combining promotion for the water sport and supporting environmental causes of Safer River life Saver Foundation, inc. inspired liceo de cagayan University to create her own team plus mount a Mindanao-wide race at the same time. the liceo Dragonoids, the university team of Liceo U will be joined by five other premiere teams and four corporate teams in a race along the famed cagayan de Oro River this coming December 6, 2014 from 7am until

3pm. the loading and viewing area is at the riverside of liceo U Main campus. to help Safer River Foundation in their efforts to protect and sustain life in the cagayan de Oro River, participating paddlers will donate at least one lambago seedling each. these donated trees will be planted in January 2015 by the Dragonoids and the race partners.

Bugsay Mindanao is made possible with the support of Smart Prepaid, BusinessWeek Mindanao, Kendle Boats, 99.1 iFM, R.O.X. Centrio, Hon. Oscar Moreno, Fit Republic, Impression, Ink Digital Designs, Parasat HD, Stoneware Pottery, Chananthon Bed and Breakfast, Brewberry Café, and AAN Bakery.

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iTalpinaS from Page B1...

Filipino renewable energy entrepreneur, being the Chairman of Constellation Energ y C orporation, a renewable energy company, and OceanaGold Philippines, a sustainable mining corporation.

He is also the Chairman-CEO of Enactus Philippines, an international non-profit organization that brings together business leaders and universities to promote business proj e c ts t hat create positive impact to their communities, and also chairs PRIMEX, the biggest Filipino consultancy firm of ADB. Dr. Leviste graduated in Economics from the Ateneo de Manila University with an M BA d e g re e f rom Columbia University and an MA Economics degree from Fordham University in the United States. He was granted a Doctorate in Humanities, Honoris Causa from the Nueva Vizcaya State University for his work in social, civic and community work as Chairman of OceanaGold Philippines.

Mu lti-awarde d sustainable developer “A s i d e f r o m b e i n g associated with different corporations, I am proud to chair Italpinas because of the good work it has done in the real estate sector. It is a unique product catering to a new market. Italpinas is a prime mover in one of the most promising cities in the Philippines, which has become the center of academic institutions and a

center of good governance,” Leviste said.

It a lpinas Euro asi an Designs and Ecodevelopment Corporation (ITPI) is a specialized real estate developer that pr a c t i c e s e c o l o g i c a l l y sound and state-of-theart design paired with the use of renewable energy technologies.

ITPI’s premier project i n C ag ay an d e O ro – Primavera Residences, a green, mixed-use development – was built to serve the city’s increasing demand for affordable housing with sustainability in mind. It was awarded this year as the Best MixedUse Development in the Philippines by the Asia Pacific Property Awards.

Culture of Excellence “We have to develop a culture of meritocracy.

Not only in our companies, but in this country. We have to develop a culture of i nte g r it y an d h i g h performance, and we have to develop a culture of excellence because it does not matter whether the company is big or small but it matters if you trust the culture of meritocracy and excellence,” Leviste declared.

He added, “Italpinas is certainly not one of the largest companies in the real estate field in this country but I’m proud to be associated with it because of the professionalism that its management exhibits and the Italian creativity of its people. I am also proud that it has selected Cagayan de Oro as its first city to create an impact to the environment.”

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p20 Chicken Fingers Blowout for T.G.i. Friday’s 20th Year on December 11 Celebrate T.G.I. Friday’s 20 years in the country through an anniversary blowout happening on December 11 at all its branches nationwide.

Come hungry on the said date and enjoy TGIFriday’s perennial best-seller, Chicken Fingers, for only P20!

This one-day promo is the restaurant’s way of saying “thank you” to all its customers and their continued support through the years.

Hand-battered chicken tenders, golden fried and served with crispy seasoned fries and a dip of honey mustard dressing, Friday’s Chicken Fingers is a certified guest favorite – a must-order dish from the restaurant’s menu of American-style comfort food served in generous portions.

It has been 20 years since the American casual dining restaurant opened its very first store in the country in Glorietta 3.

Fifteen locations and

numerous recognitions later – including a Grand Store of the Year award given out

by Ayala Malls this year – T.G.I. Friday’s continues to deliver on its promise of “In Here It’s Always Friday!” by constantly improving its menu, raising the bar in customer service and creating a happy dining experience for its guests.

Its innovative and hip approach to casual dining has kept the fun spirit at T.G.I. Friday’s, known for staging one of the most spectacular bartending competitions in the world. In addition to its world-famous bartenders, T.G.I. Friday’s is also the best place to chow down superb American food, from its signature burgers, mouthwatering steaks, Jack Daniel Grill specialties to pastas, salads, and decadent desserts.

Aside from offering big, bold flavors, the restaurant is also a popular watering

hole for people who want to unwind and enjoy a round or two of after-work drinks.

The bar is always fully stocked with an amazing selection of premium beers, wines and spirits; it also serves cocktails, smoothies and refreshing fruit mixes with a kick.

To date, T.G.I. Friday’s has 16 stores in Metro Manila and in key cities across the country. The newest branch recently opened at the Fairview

Terraces Mall with a 150-seating capacity and features the brand’s new and more modern vibe.

The P20 Chicken Fingers offer is available on December 11, 2014 from 11 am to 4 pm with a minimum purchase of Php 250 per person.

Visit the nearest T.G.I. Friday’s and celebrate the restaurant’s 20 years in the country with great food, good company and fun times.

BusinessWeek MINDANAO BEST IN BUSINESS ANd EcoNoMIc REPoRTINg

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PhIlIPPINE PrEss INsTITuTE Civic Journalism Community Press Awards 2013

TUE-WED | DECEMBER 2-3, 2014

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