BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER
2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 76
Market Indicators
As of 6:02 pm dec. 4, 2014 (thursday)
FOREX
PHISIX
US$1 = P44.64
7,299.85 points
4 cents
X Briefly 60.90
X
points
Price watch TANDAG City – The Department of Trade and Industry (DTI) in Surigao del Sur headed by acting provincial director Romel Oribe has continued to keep an eye on the quality of fireworks on sale for the Yuletide season. Manny Disca, Consumer Welfare Division chief, said that aside from Christmas lights and “noche buena” products, their itinerary also includes inspection of fireworks to safeguard the buying public from loosely manufactured ones. Earlier, the DTI officer admitted that not one Christmas light has ever been confiscated recently since they have started to conduct surprise inspections, which led them to believe that those engaged in this trade have already learned their lesson.
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Demand, not navaids, will bring night flights U
By MIKE BAÑOS, Editor-at-Large
NLESS there is a significant demand for passengers willing to take early morning or “red-eye” and evening flights to and from Laguindingan Airport, local carriers are reluctant to field aircraft for these time slots despite the successful commissioning recently of ground-based navigational aids which already make such flights technically possible.
“We’re always ready to serve where there is demand. As long as there is demand, and avai l able ter mina l slots to make operations viable, we will be there. If
DOE offers 20 hydro service areas via contracting round By MYRNA VELASCO, Contributor
PROSPECTIVE investors could take their pick on the 20 areas being offered by the Department of Energy (DOE) for hydro service contracts
(SCs) via an energy bidding round. Based on data obtained from the department, it was culled that 11 of the service
areas are in Central Visayas; three in Mindanao and six in Luzon, including those in the MIMAROPA region. DOE logoThe last leg of consultation with doe/PAGE 7
the demand is established or proven, there’s no doubt that’s going to happen,” said Atty. Jorenz Tañada, vice president for corporate affairs flights/PAGE 7
New steel plant DAVAO City -- Steel Asia formally inaugurated its new plant in the region called the Davao Works Rolling Mill, the largest steel bar mill in the country in Barangay Bunawan, Davao City. The inauguration ceremony was graced by Former Davao City Mayor Sara DuterteCarpio, Secretary Gregory Domingo of the Department of Trade and Industry, Pilar Yao, owner of the firm and Benjamin Yao, chair of the Steel Asia. Yao said his facility is the most modern steel bar mill, using a state-of-the-art technology. He said the Davao Mill represents its investments in Mindanao and its interest of supporting the construction industry here.
P15.00
Friday | December 5, 2014
NIGHT FLIGHT. Last flight out from the old Lumbia airport in Cagayan de Oro. photo courtesy tom udasco
TARPAULINS ROLLED DOWN. Billboard owners rolled down tarpaulins along the Maharlika Bridge (Marcos Bridge) in Cagayan de Oro City yesterday as the country braces for Typhoon “Ruby” (international codename: “Hagupit”) that has already entered the Philippine Area of Responsibility since yesterday. photo by shaun uy
HS students to square off in 10th Steag energy quiz SOME 30 secondary schools in Northern Mindanao will compete during the 10th Steag energy quiz today, December 5, at the Ayala Centrio Mall, this city. At least P24,000 worth of cash prizes plus trophies and
medals will be given away. Each participating school is represented by a team of three students who were preselected by their respective school administrators and identified as among the quiz/PAGE 6
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Economy
4,000 jobs available in DOLE-X anniv job fair THE Department of Labor and Employment, Regional Office No. 10 (DOLE) will commemorate on December 8 its 81st Anniversary, with the theme, “81 Taon na, Umaarangkada pa Tungo sa Disenteng Trabaho at
Maunlad na Negosyo.” Highlight of the celebration will be a Job Fair at the Activity Center of Centrio Mall, Corrales Avenue, Cagayan de Oro City, opening at 9:30 a.m. As of the December 2, 2014,
some 26 companies already signified to join with 4,019 job vacancies. From the said Job Fair report, 20 local companies will participate with 983 job vacancies. The following companies include Concentrix with 510 job vacancies; Timog Integrated Factors Corporation with 15 vacancies; Pilipinas Kao, Inc. – t hre e; Asia Pro Cooperative, 45; Northpoint Manpower Ser vices, 11; UKC, nine; Optimo Global Group, Inc., 30; Alrose Group of Companies with 42 companies; Candole Manpower Services, 74; Asian Hybrid Seed Technologies, Inc., 16; Lapanday Diversified Products C or p., 17; UNIFRUTTI Philippines, Inc., four; Arriba Telecontact with 30 call center representatives vacancies; Camella Homes with 50 Sales Clerks/ Representatives vacancies; Liceo de Cagayan University, six; (16) Department of Social and Welfares Development
with 49 vacancies for their sp e ci a l proj e c ts; Ar my Recruitment for Mindanao w it h 1 5 v a c an c i e s for enlisted personnel; LCG Group of Companies with 24 Sales, Accounting, and MIS vacancies; Accolade Resources with 30 vacancies of Call Center representatives; and McDonalds with eight vacancies for Management Trainees. Top available jobs for local vacancies are Call Center Professionals (300 vacancies); Customer Care Professionals (100 vacancies); Product Support Professionals (100 vacancies); Repackers (50 vacancies); Service Crews (20 vacancies); Baggers (20 vacancies); Sales Representatives (15 vacancies); Sales and Marketing Associate (15 vacancies); Super visor y Trainees (10 vacancies); and Mechanical Technician (6 vacancies). Meanwhile, some six overseas job companies, dole/PAGE 6
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Developing a fast-paced learning through MTB-MLE By Edna T. Magos Head Teacher – III Rosario National High School Rosario, Balingasag, Misamis Oriental
Education is one main thrust that the government is prioritizing because of it s abi l it y to i mprove not just the number of workforce after a student graduates, but as well a citizen’s position in life and emloyability. T h i s i s on e of t h e reasons behind lots of development in Education sector in the Philippines. These developments is not mainly on system itself but as well its reach. The education depar tment is determined to reach every single uneducated Filipino and introduce them the real beauty of obtaining knowledge. For this aim, a lot of prog rams are cre ate d, including Mother TongueB a s e d Mu lt i l i ng u i st i c Education. It is a program that uses mother-tongue language in conducting classes for earlier levels of education, specifically grades one, two and three. Through this, improved learning among students would take place since mother-tongue is the best tool in learning other
languages such as English and Filipino which are mostly used in higher levels of education. MTB-MLE is also helpful to mobile teachers in reaching out to those students that are living in mountains and in places faraway from the cities. D u r i ng d el ive r y of lessons, a teacher will pronounce it in a way that it is standardized and appropriate for t h e t h i n k i n g l e v e l of the students. In result, students will not be confused and will understand ever ything that the teacher has presented. Having education i s a br i d ge for b e tte r employability and d e v e l opm e nt of on e’s life position. Before a l l t h at , E du c at i on i s first, a right, an utmost i mp o r t a nt t h i n g t h at each single citizen in the country should obtain. The creation of various programs such as MTBMLE is one effective strategy to reach out the unreachable.
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Tragedies from Rains, Dinky’s Relief Mess in 2011
L
IFE’S INSPIRATIONS: “… but those who hope in the Lord will renew their strength. They will soar on wings like eagles; they will run and not grow weary, they will walk and not be faint…” (Isaiah 40:31, the Holy Bible). -ooo M A R Y, B L E S S E D AMONG ALL WOMEN: After Mary was assured by Gabriel, the angel who “walks in the presence of God”, that she was to give birth to the “Son of the Most High” and whom she was to name “Jesus”, she got the highest accolade ever given to any woman on earth: Gabriel told her “Blessed are you among women, because you found favor with God”. Indeed, who is Mary to deserve this honor? -ooo COLUMN FROM 24 JUNE 2011: “FILIPINOS NOW FEAR THE RAIN: When many of us were y o u n g e r, r a i n s w e r e welcomed with glee and gladness. For rainwater then solely meant the onset of planting season, allowing our farmers to re-start the cycle of agricultural production which sustains the country’s economy. But nowadays, Filipinos have learned to fear
Two Days to Never Worry About
T
hink a minute…Did you know there are 2 days you never need to worry about? The first day is yesterday. It’s simply impossible to change the past. Yesterday is gone… forever. There is nothing any of us can do to bring it back, especially by worrying about it. So whatever mistakes, problems, or hurts we had yesterday, we’ve got to stop worrying about them. We cannot undo what’s already done, nor take back what we’ve already said, only ask forgiveness. Hopefully we learn our lessons from yesterday’s mistakes. But then, let it go! Life goes on, so we’d better go with it. The other day we never need to worr y about is tomorrow. None of us can control or know everything that might happen tomorrow. We don’t even know whether or not we’ll still be here! What’s going to happen will happen whether we worry about it or not. So we’re left with only one day that we can actually do anything about: today. As the saying goes: “The past is history, tomorrow’s a mystery, so today is all we have. It’s a GIFT, that’s why it’s called the PRESENT.” All we have is right now, and today has enough problems, responsibilities, and worries of its own. The last thing we
THINK
A Minute
By Jhan Tiafau Hurst
need is to pile up yesterday’s and tomorrow’s problems on top of today’s! No wonder some people are stressed out with even physical problems and sicknesses. Remember, if you don’t bury your worries, they could bury you! This is why Jesus Christ taught us not to worry about yesterday or tomorrow. Jesus said: “Who can add a single hour to his life by worrying! Don’t worry about tomorrow. Each day has enough trouble of its own. Live just one day at a time.” So all you have to do is take care of today. Make sure you’re doing your very best in your responsibilities and relationships: that your heart is right with your Maker and other people. Do all you can and then do a little more: don’t worry about it! Because as long as you’re living Jesus’ way in a daily hurst/PAGE 7
rain and dread the water it brings. “Why? Because, suddenly, with rains come floods, and with floods, death and destruction. If it is any consolation though, this is now the rule not only in the Philippines but in the whole world as well. As Filipinos suffer from rains, floods and strong winds, all others worldwide are suffering from the same phenomenon. “But if the truth be told, it need not be this way. If only we listened, intently enough, to what the Lord Jesus said in the Bible, in Matthew 7:24-27, mankind would have avoided the death and destruction, because He provided a solution against destructive rains, floods and strong winds. -ooo “WARNING BY JESUS ABOUT RAINS, FLOODS A N D W I N D S : He re is what Jesus said: `Therefore everyone who hears these words of mine and puts them into practice is like a wise man who built his house on the rock. The rain came down, the streams rose, and the winds blew and beat against that house; yet it did not fall, because it had its foundation on the rock. `But everyone who hears
these words of mine and does not put them into practice is like a foolish man who built his house on sand. The rain came down, the streams rose, and the winds blew and beat against that house, and it fell with a great crash,’ Jesus concluded. “If we read closely what the Lord said, He was actually saying that the rains, floods and strong winds will surely come. He knew that these natural calamities will come to the world and would bring death and destruction. That was the reason why He urged each one of us to hear His Word and obey His commands---to enable us to be saved. So what are we waiting for? -ooo “DINKY SOLIMAN AND THE COTABATO AID MESS: Cotabato City Mayor Japal Guiani is standing his ground, and is insisting his constituents have not received any aid from the national government yet despite their misfortune due to the rains and floods that visited the city. And, despite Malacanang denials, I am prone to believe him. “A report by ABS CBN T V Patrol confirmed Guiani’s lament: millions of relief bags were found
K akampi
Mo A ng Batas
By Atty. Batas Mauricio
stocked and undistributed at the warehouse of the Department of S ocial Welfare and Development (DSWD) in Cotabato City, notwithstanding the clamor for more aid from hapless city residents. “Indeed, while President Aquino may have authorized the release of some P10 million for the Cotabato City flood victims, and the money was immediately sent, it would seem DSWD sabotaged the Chief Executive by holding on to, and not distributing, the relief bags. Dinky Soliman has a lot of explaining to do here.” -ooo REACTIONS? Call 0917 984 24 68, 0918 574 0193. Emai l: b at asmaur icio@ yahoo.com. -30-
Making Do, Making Up, Moving On
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E
verytime I read about the gospel stor y of Zacchaeus (Lk 19,1-10), I get moved and strongly reminded that in our life, with its share of blessings and misfortunes, we just h av e t o l e a r n t o m a k e do with whatever we have, to make up for what deficiency can still b e m a d e up, a n d m o s t importantly, to move on. Zacchaeus epitomizes this attitude. He had his s h a r e o f b l e s s i n g s . He w as we a lt hy, b e i ng t he chief tax collector. But he also had his misfortunes. During his time, to be a tax collector is equivalent to being a sinner. Besides, he was short of stature, such that he had to climb a sycamore tree to be able to see Christ pass by. He made us e of this combination of blessings and misfortunes and do what he thought was proper. He was generous. If he cheated anyone, he said, he repaid fourfold. As to his shortness, he did not make it a hindrance to see Christ by climbing up a tree. In short, he made do with what he had, tried to make up for whatever mistakes he might have committed, and continued to move on with his life, doing whatever good he could. We need to cultivate this attitude. In fact, we shou ld t r y to spre ad it around, because with all the twists and turns of
our life, this is what will guide us to reach our ultimate goal, life with G o d i n he ave n , and to e f fe c t ively d o ou r p ar t in our communal life in this world. All this attitude should be firmly rooted on the belief that with God, e v e r y t h i n g w i l l a l w ay s w or k out f or t h e g o o d of all. His providence is abiding and so wise, p ow e r f u l a n d m e rc i f u l that even our misfortunes, mistakes, deficiencies w o u l d s o m e h o w, i n s ome my ste r i ous w ay s , be useful. In the story of Zacchaeus, we see Christ paying special attention to him. Christ did not mind so much the not-so-good reputation Z acchaeus had among t he p e ople. He re a d i l y u n d e r s t o o d and forg ave Z a c cha e us for whatever mistake he committed. Most importantly, he reassured everyone that he came “to seek and to save what was lost.” He did not come to condemn, but to save. In other words, if we find ourselves condemned, it’s not because of him, but rather of us. And so we should be like Z acchaeus w ho, in spite of his mistakes and other misfortunes, went to see Christ, instead o f r u n n i n g aw ay f r o m him. Then he just simply admitted his mistakes and m is for tu ne s , e x pre ss e d his contrition for them,
did whatever needed to make up, and moved on. We should also learn how to make do with whatever misfortune we suffer in this life, avoiding the temptation to rationalize and change something that cannot be changed without resorting to immoral means. We h a v e t o r e m i n d ourselves that we are not expected to solve ever y problem we have the way we want it solved. We have to learn to live with our unsolvable problems, but always with Christ, and never without him. That situation of helplessness can only occasion the great power and mercy of God. What is impossible to us is always possible to God. We therefore have to learn how to abandon ourselves in the hands of God, to surrender our condition to him after doing everything we could that is licit. God, in his inscrutable ways, knows what to do w it h ou r m i s t a ke s an d misfortunes. Sad to say, nowadays we are seeing a trend of not accepting things as they are. Instead, many are trying to justify their wrong understanding of things, if not their own wrongdoings. In shor t, t he y are ma k ing themselves their own god, the author of what is right and wrong, good and bad in our life. This is usually the case
HINTS
and
Traces
By Fr. Roy Cimagala
re g a rd i n g qu e s t i on s of sexual or gender identity and in many other issues besetting us today, like p over t y, just ice, p e ace, environment, etc. All kinds of rationalizations are thrown in. Yet, we have to remind o u r s e l v e s t h at e v e n i n t h i s k i n d of c on f u s i n g situation, God in his myster ious ways wou ld know how to derive some good. This is the core belief that we should have and that we should never allow to disappear. We should try our best to clarify things, always within the bounds of c h a r i t y a n d t r u t h t h at would already include justice and merc y. And if ever ything is done and still the issue is still unresolved, then we have to learn to suffer. This is where God will pull his surprises on us. We just have to learn to ma ke d o, ma ke up and move on. roycimagala@gmail.com
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Banking&Finance
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Bad loans of rural, coop banks rise at end-June BAD DEBTS held by rural and cooperative banks grew relative to their total portfolio in the first semester from a year ago as they expanded their lending activities, the Bangko Sentral ng Pilipinas (BSP) reported. Non-performing loans (NPL) -- obligations that remained unpaid for at least 30 days after their due date -made up 13.45% of rural and cooperative banks’ total loan portfolio at end-June, higher than the 12.36% recorded in the comparable 2013 period, according to a central bank statement. The NPL ratio is a key indicator of the quality of assets held by the banking industry. Rural and cooperative
banks’ soured loans jumped by 12.32% to P17.87 billion to end the first half of the year from the P15.91 billion registered as of the same month last year. S i m i l a r l y, t h e s e
institutions’ non-performing assets -- which include bad debts and foreclosed homes -- went up by 12.31% to P28.65 billion at end-June f rom P25.51 billion 12 months prior.
Bill amending PDIC charter gets pass at House committee A BILL seeking to amend the charter of the Philippine Deposit Insurance Corp. (PDIC) will soon be up for plenary approval after gaining the nod of a House panel, an official said. The House Committee on Banks and Financial Intermediaries approved last week a substitute bill
seeking to amend the PDIC Charter, according to panel chair Rep. Nelson P. Collantes (Batangas, 3rd district). “It has been approved at the committee, the PDIC charter amendments,” Mr. Collantes said in a chance interview. “It is now awaiting calendaring at the plenary.” PDIC/PAGE 6
MOPH TALISAYAN MEDICAL SUPPLIES – VICE GOVERNOR JOEY G. PELAEZ distributes medical supplies to Misamis Oriental Provincial Hospital – Talisayan. About 1,160 medical kits were given which include syringes, sharps collectors and ambu – bags, among others. The supplies were turned-over to Mr. Segundo V. Perel, Administrative Officer II of the said hospital. The supplies were donated by Children International Philippines, Inc. This is the 2nd wave of medical supplies turn-over by Vice Governor Pelaez and the CIPI.
The rise in bad loans came as banks expanded their total portfolio by 3.22% to P132.89 billion at endJune from P128.74 billion logged a year ago. During the same six
month-period, lenders also set aside P10.24 billion in reser ves as cushion for p otential credit loss es, covering 57.31% of the bad loans as of June. The coverage was lower than
the 61.23% posted a year ago, worth P9.74 billion. T h e l o ans e x te n d e d by rural and cooperative banks represented 2.55% of the P5.2-trillion total loan loans/PAGE 6
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Quiz... from page 1
brightest in their class. The quiz covers facts, laws and current events pertaining to electricity, energy and other subjects relating to natural and physical sciences, chemistry and physics. The annual event has become one of the much awaited campus competitions among high schools in Northern Mindanao as it provides opportunities among students to demonstrate and prove their competence and knowledge in the fields of science and energy. “This activity is part of Steag’s continuing commitment to support efforts that will inspire our young students to excel in subjects like science as well as develop among them a special interest in the field of energy, at the same time promote greater public awareness on the importance of energy efficiency and energy
conservation” Jerome Soldevilla, Steag spokesperson said. To compete in this year’s Steag energy quiz are: Angelicum Learning Center, Bukidnon National High School, Capitol University High School, Central Mindanao University High School, Christ the King College, Corpus Christi High School, Iligan City National High School, Initao National Comprehensive High School, Kalingagan National High School, Kong Hua High School, La Salle Academy of Iligan, Liceo de Cagayan University, Misamis Oriental Institute of Science & Technology, Misamis Oriental General Comprehensive High School, Mindanao State University – Iligan Institute of Technology , Oro Christian Grace School, Gusa Regional Science High School, Sacred Heart of Jesus Montessori School, St. Mary’s School, Sta. Ana National High School, Tagoloan National High School, Valencia City
National High School, Villanueva National High School, Xavier University High School, Pro Integrated School, Philippine Southfield School, Casinglot National High School, Philippine Science High School, Rosevale School and St. Rita’s College.
Loans... from page 5
portfolio of the banking system as of June, central bank data showed. Their NPLs, on the other hand, accounted for 0.34% of the banking industry’s total portfolio during the period. “The Bangko Sentral ng Pilipinas assesses the loan quality of all banking groups as part of its efforts to maintain high standards for credit risk management,” the central bank said in yesterday’s statement. “This is essential to the promotion of a strong and stable financial system.”
PDIC... from page 5
Republic Act (RA) 3591 or the PDIC charter was last amended in 2009. The House measure is seen to beef up the banking system by providing more options to the state deposit insurer to help problem banks by acting as the designated receiver. Mr. Collantes said among the key reforms being instituted by the proposal is streamlining the liquidation process for banks ordered closed by the Bangko Sentral ng Pilipinas’ policymaking Monetary Board. “Once they enter into liquidation and they turn over the collateral equivalent to the exposure of the Bangko Sentral, the Bangko Sentral will stop getting interest payments from the bank undergoing liquidation,” Mr. Collantes explained. ASSETS AND LIABILITIES The measure also seeks to
enhance liquidation procedures by including the option for the PDIC to purchase assets and assume liabilities of a closed bank. As receiver, the PDIC or its duly-authorized entities shall represent the bank in any cases, receive leftover service fees, and may cancel pending contracts on behalf of the closed bank. The agency is given only 90 days to assess whether a bank will be placed under rehabilitation or if it can be allowed to resume business. The bill also seeks to increase the membership of the PDIC Board of Directors from five to seven, which will act as the policy-making and oversight body for deposit insurance fund targets. The PDIC may start the
resolution of a bank upon its failure to carry out prompt corrective action, or upon its own request to be placed under resolution. The PDIC shall then determine which mode of resolution -- through purchase of assets and assumption of liabilities; merger or consolidation; or acquisition by a qualified investor -- within 180 days after entering the resolution proceedings. The P500,000 maximum insurance, however, is retained for each deposit account. Mr. Collantes said, however, that he could not say when the measure will gain ground for second and third reading approval at the House plenary. A counterpart bill is also pending before the Senate Committee on Banks, Financial Institutions and Currencies.
DOLE...
City. Pre-registered applicants will proceed directly to the Referral Section during the Job Fair proper. All applicants are directed to bring copies of their respective resumes and wear their corporate attires for interviews by their prospective employers during the Job Fair on December 8. Job Fair is an employment service strategy of the DOLE that facilitates the meeting of job seekers and employers, local and overseas licensed recruitment agencies, and registered job contractors and sub-contractors in one activity and venue. Moreover, the DOLE team composed of its attached agencies or the Regional Coordinating Council will also be providing its services through Help Desks. The services include, legal advice (NLRC 8th Division); receipt of complaints for the Single Entry Approach and the Compulsor y Arbitration (NLRC RAB-X); receipt of application for the renewal of Professional Licenses (PRC-X); receipt of OFW D ep endent S chol arship (OWWA-X); availability of te ch n i c a l / vo c at i ona l scholarships (TESDA-X); Pre-Departure Orientation (POEA REU-X); and advocacy of wages and productivity programs (RTWPB-X).
from page 2
include: GBMLT Manpower Services with 793 job vacancies bound for the Kingdom of Saudi Arabia (KSA) and Ethiopia; Pisces International Placement Corp. with 66 vacancies for the Kingdom of Saudi Arabia; East West Placement Center, Inc. with 778 vacancies for Qatar and the KSA; Admiral Overseas Employment Corp. with 1,150 vacancies for Qatar, United Arab Emirates, and KSA; Landbase Human Resources C o. with 180 vacancies f or K S A ; a n d Jo s e l i n e International Manpower Corp. with 28 vacancies for Riyadh, Al Khobar, Damman, KSA, and Jeddah. Top available overseas job vacancies are: Civil Construction/Maintenance (427 vacancies); Carpenter/ Mason/Steel Fixer (400 vacancies); and Electrician/ Erector (300 vacancies). Pre-registration of interested job applicants are still accepted until Friday, December 5, 2014, 5:00 p.m. at the DOLE-X Western Misamis Oriental Provincial Field Office, Ground Floor of the Monte Carlo Building (fronting RER Phase II gate), RER Phase I, Kauswagan National Highway, Cagayan de Oro
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
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Flights... from page 1
of Cebu Pacific Air during a recent ‘meet-and-greet” with Cagayan de Oro media. “To stimulate aviation, it has to be a holistic solution. First, the market has to be stimulated, economic impetus has to be there. Whether it’s investment in infrastructure, or marketing the tourism spots, or just raising the general awareness of aviation as a viable mode of transportation. These things go hand in hand,” Tañada added. E a r l i e r, A i r A s i a Philippines CEO Joy Cañeba also told reporters that the consideration for a time schedule is market and what are available slots in the airport. “So even if we want a morning flight and it is already taken by other airlines we can’t. Another consideration is operational efficiency,” Cañeba said. “Of all the airlines we are following a different Flight Duty Time Period (FDP),” Cañeba explained adding that “AirAsia’s policy is more restrictive than what is allowed under the Philippine regulation which ensures that all pilots and crew are well rested for their flights. Special FDP is used by other carriers worldwide especially in Europe, and AirAsia adheres to the strictest standard of safety.” On the other hand, Air Asia Philippines said it has done away with red-eye and night flights because these would disrupt the cost structure of its business model which allows it to offer affordable budget fares. T h e C i v i l Av i a t i o n Authority of the Philippines (CAAP) says that the local carriers have the final say regarding red-eye and night flights from Laguindingan Airport. “I underst and s ome airlines are planning to field early morning and night flights by December. It depends on them, the availability of aircrafts and scheduling. The ball is in their court,” said Jose P. Bodiongan, CAAP Area IX Manager, in a recent interview. “The additional flights made possible by our extended op erating hours would dramatically address our airport congestion especially during situations involving flight delays.” The CAAP has successfully tested and commissioned L aguindingan’s lighting system including the r unway lig hts, t axiway lights, approach lights, apron lighting system and beacon lights. Bodiongan said the agency has also successfully conducted a full flight check for its Performance Based Navigation (PBN) system procedures last month. 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 had consistently attained double digit growth in passenger volume every year from 2006-2013. Mr. B o diongan s aid the present fleet of A320s f rom t he fou r ai rl i ne s now serving the airport is already equipped to operate within the system which would facilitate a smooth transition to an upgrade from its present status as an exclusively Visual Flight Rules (VFR) airport. Required Navigation Performance (RNP) appro aches and associated procedures can be performed by any Airbus aircraft equipped with GPS and the second-generation flight management system (FMS2). “Pilots need to have a vertical ceiling of 5,000 meters and visibility of 1,500 meters to be allowed to land in Laguindingan under the present Visual Flight Rules,” said Mr. Bodiongan. Pe r for manc e - B as e d Navigation (PBN) allows for the optimization of the instrument procedure through the aircraft navigation performance, even without the need for ground-based navigation aids PBN allows an aircraft to fly precisely along a predefined route using a Global Positioning System (GPS). This concept is used enroute, and can reduce aircraft separation, including the terminal area, and used to optimize arrival and departure procedures. The current aviation navigation procedures in the country require aircraft to use ground-based navigation systems, such as the distancem e a s u r i n g e q u i p m e nt , very high-frequency omnidirectional range and radar which lead airlines along zigzag routes in the sky to follow pre -determined routes defined by the ground based nav-aids. The PBN does away with such tracks or radials, and instead allow airliners to follow “aeronautical highways” more accurately and directly to their
DOE... from page 1
stakeholders by the Renewable Energy Management Bureau (REMB) of the DOE was in Cebu on Tuesday (December 2). The intent was primarily to gain perspectives on the concerns of prospective host communities as to the tendered hydro service contracts. DOE director Mario C. Marasigan has previously indicated that if the consultation will turn out favorable, they will move for ward with the hydro offers under the Philippine Energy Contracting Round-5 (PECR-5) this December 15. He st ress e d t hat “s o far, t here are no maj or
concerns… there are just sug gestions to p ossibly i n c l u d e mu l t i - p u r p o s e development such as integrating tourism development concept” in the projects. Bulk of the areas are in Negros Oriental in Central Visayas – including the proposed 21.6-megawatt Ilog reservoir; 13.0-MW Binalbagan 1 reser voir ; 8.30MW Pacu-an run-ofriver prospect; 6.70-MW Guinoba-an 1; 3.60MW Binalbagan-2; and 2.90MW Guinobaaan-2 proposed developments. Nevertheless, the prop ounded big ticketprojects are generally located in Luzon and Mindanao, including the highly-controversial and disputed 250-MW Agus 3 hydropower project in Lanao del Norte. The other targeted developments in Mindanao are the 160MW Cagayan-1 prospect in Bukidnon and the 17.50 Cateel River run-
of-river project in Davao del Norte. In Luzon, the biggest investment opportunity wou l d b e t h e 1 7 5 - M W Binongan-Tineg proposed hyd rop owe r f a c i l it y i n Abra. The others within Luzon island are the 11.0-MW Modongan-1 and 10.40-
MW Modongan-2 run-ofriver projects; the 5.90-MW Solsona prospect in Ilocos Norte; as well as the 12.0MW Pagbahan No. 1 and 3.10-MW Sinabalan No.1 in Mindoro. Ad d i t i o n a l t a r g e t e d developments in the Visayas line-up are the 20.20-MW Tubig and the
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20.20-MW Buhid run-ofriver projects in Eastern Samar; plus the 1.80-MW Bugtong Falls in Western Samar. In the Western Visayas d om ai n , t h e c an d i d at e projects are the 4.50-MW Binulug and the 3.60 Hilabangan No. 3 in Negros Occidental.
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BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER 2013 ppi’S BeSt in BuSineSS and economic RepoRting
FRIDAY | DECEMBER 5, 2014
B
ring home to your Noche Buena table: Cagayan de Oro’s Malunggay Pastel Bread.
Let our homes be filled with happiness and gladness this Christmas as we enjoy the yummy taste of the Malunggay pastel bread along with our loved ones. The pastel is a watering nutritious bun that is soft and fragrant- filled with a semi-sweet special yema that makes the delicacy melt in your mouth,
editor: ShAun AlEjAnDRAE YAp uY
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This yuletide season
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enriched with Malunggay made for the health buffs of today. With Malunggay as the ingredients, which has several health effects to the body, and bread itself is good for regular diet. The sweet yema, the softness of the bread with the health benefits of freshly cut Malunggay leaves to create a fine, unique and tasty Cagayan de Oro’s Pastel Bread: The best and the yummiest Pastel in Northern Mindanao.
Their bread and delicacies are filled with Malunggay leaves which contain more “Vitamin A than carrots, more calcium than milk, more iron than spinach, more Vitamin C than oranges, and more potassium than bananas” and the protein quality of Malunggay leaves rivals that milk and eggs. Malunggay Pastel Bread is situated along Father Masterson’s Avenue, Business Park Building, Pueblo de Oro, Cagayan de Oro City. Malung-
gay Pastel products are available at the Superstores like Rustans and SM City, West Bound Terminal, and Agora Terminal this city. For order and reservation call Tel. No. 088-857-5235 and Cell. No. 09209222-404 COME ONE COME ALL – LET’S BE HAPPY AND BE MERRYBUY NOW THE BEST PASTEL IN NORTHERN MINDANAO- Cagayan de Oro’s Malunggay Pastel & Bread.
HAPPY HOLIDAYS EVERYONE.
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Feature
Pure Japanese denim brand arrives CDO BOBSON brings Japanese denim craftsmanship and heritage to the fashion-forward Filipino
Fashion statements these days have veered away from over-the-top pieces and details. A look at the world’s style bibles prove that simple is sophistication’s new twin sister. And the arrival of BOBSON, the pure Japanese denim brand, signals a fresh, crisp, modern, and clean approach to denim that should excite every jeanloving Pinoy fashionista. Founded by Toshiharu Ozaki in Japan’s Okayama prefecture, the country’s denim capital, BOBSON brings with it 54 years of solid denim heritage that gives it the edge in knowing the market’s needs and creating jeans of superior craftsmanship. Today, the brand continues its legacy of finely-crafted jeans as it expands its market in the Philippines. “BOBSON is here to redefine the
jeans scene in the Philippines. The brand aims to stand for comfort, style, and quality that is rooted in superior Japanese craftsmanship. We are excited to bring these impeccably-made jeans to the market with the arrival of BOBSON from Japan,” remarks BOBSON brand director Chris Magnaye. Owing to its Japanese heritage, every piece from BOBSON’s collection is made with great attention to detail and commitment to quality. Proven by the intricacy of Japanese crafts such as sushi, ikebana, and origami, each BOBSON denim creation is constructed, with care and precision that allows it to offer wardrobe must-haves of unparalleled quality, comfort, and style. “We give denim lovers pieces that make them look fashionable without the
(seated from right) Apple Tree Resort & Hotel General Manager Bjanesha Emphasis with ABS-CBN Region 10’s Greanne Trisha Mendoza, and Clement Dampal II Marketing and PR Officer (standing) pose with the Children’s Joy Foundation during the resort’s special ceremonial lighting of the Christmas Tree to signify the start of the Christmas month, Apple Tree Resort & Hotel, Opol, Misamis Oriental, December 1. The Children’s Joy Foundation rondalla and choir ensemble are the special guests for this occasion. Photo by SHAUN ALEJANDRAE YAP UY
effort. Moreover, BOBSON goes beyond face value, because a touch of the fabric and examination of the construction would reveal that the fine craftsmanship is present in each pair of jeans—this is the BOBSON Denim DNA,” Magnaye explains. And this DNA is what sets BOBSON apart. It is the bible that serves as a guide in the creation of each pair of jeans, allowing for uniqueness that gives the wearer an experience of quality and comfort. Key elements include the left hand twill, a softer way of weave that makes every pair feel like second skin; stitch belt loops for stronger construction; and pewter rivet buttons that are more durable. BOBSON is also made with 11 stitches per inch (SPI) to achieve that coveted refined look, and finished off
with the crest-shaped back pocket design to mark its Japanese heritage. With a red dot logo that aptly reflects its roots—the land of the rising sun— BOBSON envisions itself to be the denim of choice for the stylish set who never compromise quality. “The BOBSON wearer is the polished man or woman who wants staple pieces that are clean, fresh, and simple, but always relevant. And with a look that is stylish and streamlined, the brand is definitely set to be every Filipino’s denim companion throughout the fashion seasons,” Magnaye concludes. Visit BOBSON’s official Facebook page for updates: http://www.facebook. com/BOBSONJapan or bobsobjapan. com for more information.
APPLE TREE RESORT & HOTEL MEET & GREET. Apple Tree management and staff (From Left) Ms Lorna Nacua - Operations Manager, Ms Maristela Maape Admin/HR Supervisor, Ms Daphne Belle Maape - Front Office OIC, Mr Clement Dampal II - Marketing and PR Officer, Ms Bjanesha Emphasis Apple Tree Resort & Hotel - General Manager, Ms Charity Mae Dampal - Sales OIC, and Ms Christine Valmores - Banquet Account Executive meets with Cagayan de Oro Media. Photo courtesy of Apple Tree Resort & Hotel
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LifeStyle
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The Night Stalker:
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Uncle Daddy’s Bar & Grill now open for brunch
Uncle Daddy’s Bar & Grill is conveniently located near the entrance of Lifestyle District
Uncle Daddy’s Bar and Grill at Door B8 of the Lifestyle District now opens 9am to 2pm Monday to Saturdays to accommodate students and other nearby diners who wish to take brunch with their bottomless iced tea and soup. Owned and operated by couple Armin and Delia Paradero, the place is named Uncle Daddy’s because that’s what all of their nieces and nephews call Armin. Delia’s sister Alice Cachuela manages, Charissa Joy Ang does the books, and Armin’s younger sister May handles the cash. The family run establishment offers a wide variety of Uncle Daddy’s Choices for brunch. A sampling includes Sweet and Sour Pork (PhP 69), Adobong Kangkong Crisps (PhP 49), Fish Fillet with Black Bean Sauce (PhP 59) and Stir Fry Chicken Pepper PhP 69). Other items available for the “daytime menu” includes Lumpia shanghai, Pork Chop, Chicken Fillet, Creamy Veggie Patty and Daing nga Bangus. Initially, Uncle Daddy’s Bar & Grill opened evenings only for the often SRO only Lifestyle District crowd who count the following among their
Delia Paradero with Uncle Daddy's Chef Grazyl Lou Roa
favorites: Bacon Parmesan fries, Pork Sisig, Spicy Chicken Wings as appetizers and Fish & Chips, Fish Pinipig, Beef tapa, lengua de Res Entomatada, Baby back ribs, crispy pork belly, Salt and pepper spare ribs. You can chill out at Uncle Daddy’s either before or after a hard night of bar hopping and partying at Lifestyle District’s other establishments with their live acoustic music from 8PM-12MN Wednesdays and contemporary hits at the same time sked on Thursdays to Saturdays. Braver patrons can sing-along with the group onstage or simply request their favorite hits from the band. With an ambience like this, it’s easier to stay the night and into the next morning with beverages reasonably priced at P45 for Red Horse P45, San Mig Light and Pilsen, and P40 for Colt 45. Soft drinks are P45 and bottled water P20, which is pretty affordable by Lifestyle District standards. One of the couple’s worst kept secrets is their young but talented chef, Grazyl Lou I. Roa, an NC-II Certified and multi-awarded graduate of the St. Rita’s College of Balingasag, Misamis Oriental.
A two-time SilverAwarde for the 14th Kumbira (for Set Menu, 2010) and the 15th Kumbira (Pica-Pica Plate, 2011), Chef Grazyl was also awarded Best in Culinary by St. Rita’s College when she graduated this past March. Uncle Daddy’s Bar & Grill is open 9AM-2PM for brunch and 5PM-12MN Monday to Saturday.
Delia Paradero cuts the ribbon with sister Alice Cachuela
Deila Paradero with her family who helps her run Uncle Daddy’s
Alice Cachuela, Delia Paradero and Charissa Joy Ang
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