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Volume IV, No. 63
Market Indicators
As of 6:02 pm feb. 10, 2014 (Monday)
FOREX
PHISIX
US$1 = P44.97
6,042.25 points
1 cent
X X Briefly 31.11 points
Oil price cut OIL companies have started reducing prices at the pumps starting today. Seaoil and Phoenix Petroleum said they cut the prices of gasoline and diesel by P0.50 a liter and P0.20 a liter, respectively. Seaoil also trimmed down the price of kerosene by P0.25 a liter. The price adjustments took effect at 12:01 a.m. early this morning. Other oil firms have yet to make simialr announcements, but they usually track each other’s movements as the country imports at least 90 percent of its fuel requirements.
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Privatization blamed for power coop’s row T
By MART D. SAMBALUD Contributor
AGUM City – An electric consumers group in Davao del Norte disclosed that one of two rival managements to the electric cooperative here has been inviting an Aboitiz power company to buy into the cooperative.
In a for um here on December 28 at Balinsayaw Restaurant, the Save Daneco Movement (Sadamo) said that the National Electrification Administration (NEA) has been “wooing the entry of private firm Aboitiz Power Corporation to buy-in debts blamed/PAGE 11
A RIVER WILD. Tourists enjoy the thrill and fun experience of white water rafting on board an inflatable raft down the rapids of the Cagayan de Oro River between the town of Baungon in Bukidnon and barangay Mambuaya, Cagayan de Oro City. mindanews photo by erwin mascarinas
P107.6M infra projects A total of P107.6 million will be spent this year for infrastructure development projects and capital outlay for the city of Cagayan de Oro in 2014. This, as the City Council during its regular session Monday presided over by Vice Mayor Caesar Ian E. Acenas approved Ordinance No.12719-2014 approving the annual budgets of the General Fund with an estimated income of P2,068,691,490 and of the Special Account: Economic Enterprises with estimated incomes of P74,590,527 for the City Economic Enterprises and P18,379,898 for the EastWestbound Terminals and Public Market, and P143,914,634 for the J.R. Borja General Hospital to finance estimated various expenditures of same amounts for 2014. Based on the budget, P102.9 million is earmarked for the Local Disaster Risk Reduction and Management Fund, while P25 million for the student scholarship fund next year. The budget was endorsed by the Committee of the Whole headed by Councilor President D. Elipe, chair of the committee on finance and ways and means.
12:30 PM - 1:00 PM
DOE okays power contracts to 4 Agusan hydro projects
MASONIC LODGE. Agila Shriner of Mindanao Potentate Peter U. Lim Lo Suy (right) congratulates newly installed MW Julius Ceasar Platon during his installation, Saturday (Feb. 8), at the Maguindanao Masonic Temple, Cagayan de Oro City. photo by cheng ordoñez
FOUR hydro power projects in Agusan del Sur with a combined capacity of 54-megawatts (MW) have been granted renewable energy (RE) contracts by the Department of Energy (DOE), a statement from the department said. DOE Sec. Carlos Jericho
L. Petilla executed the hydro power service contracts with Global Sibagat Hydro Power Corp’s President James G. Ong through a ceremonial signing held on Thursday (Feb. 6). The p owe r cont r ac t agreements cover RE projects doe/PAGE 11
Platon leads MisOr Masonic Lodge No. 335 By CHENG ORDOÑEZ, Associate Editor
“LET us not forget that Freemansonry is many things, but most of all – Freemansonry is kindness in the home, honesty in business, courtesy in society, fairness in work, pity and concern for the unfortunate, resistance toward evil, help for the weak, forgiveness for the penitent, love for one another and,
anove all, reverence and love for the Great Architect of the Universe. Freemansory is a way of life.” This is the inaugural address imparted to his brethren by the newly installed Worshipful Master of Misamis Oriental platon/PAGE 11
Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper
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Manufacturing to lead future economic growth
T h e i n d u s t r y s e c t o r, particularly manufacturing, is expected to lead the Philippine economic growth in the coming years. Socioeconomic Planning
Secretary Arsenio Balisacan said the manufacturing sector has been accelerating over the past few years as more investments coming in for growth/PAGE 10
Economy
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 Editor: Cheng Ordoñez
Gov’t to push BIR 2014 Tax drive microfinance kicks-off in Pagadian for the youth PAGADIAN CITY -- The Bureau of Internal Revenue (BIR) over the weekend kicked-off its tax campaign in a bid to improve revenue collections in this province. The tax campaign was launched Friday through a simple program held at the Liga ng mga Barangay Convention Center here. The launching of the tax campaign was jointly spearheaded by BIR regional director Alert Alocilja and
Revenue district officer Rodrigo Calid. The 2014 tax campaign is anchored on the theme “I Pay My Taxes Right, It’s as easy as register file pay (RFP).” T h e l au n c h i n g w a s attended by provincial and
city government officials, and representatives from the different national government agencies, business community and barangay officials. Alocilja said covered in the RFP campaign are the self-employed professionals, individuals engaged in business, individuals practicing a profession like physicians, architects, a c c ou nt a nt s , f re e l a n c e drive/PAGE 10
MANILA -The S enate C ommittee on Trade, C ommerce, and Entrepreneurship is pushing for microfinance for the youth to empower them to go for business ventures. Senator Paolo Benigno “Bam” Aquino IV, chairman of the committee, told Philippines News Agency in an interview that he will be pursuing the creation of microfinance fund for youth through his Youth Entrepreneurship Bill. ”Well, we have a youth entrepreneurship bill that we’ve been pushing for (when) before I was a senator. We focus on financial literacy and enterprise management in that social enterprise, but now in politics these are seen through your bills and we have youth entrepreneurship bill which include financial literacy. This also includes access to finance,” Aquino said. He added that aside from providing knowledge in handling money to youth, access to capital for businesses will be vital to empower young people financially. ”If private organizations don’t want to do it, this is where government could take push/PAGE 10
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CorporateWorld
Aboitiz bags contract to sell portion of Leyte power plants’ output LISTED firms Aboitiz Power Corp and Vivant Corp have been awarded contracts to market a portion of the Unified Leyte Geothermal Power Plants’ (ULGPP) generating capacity. In separate disclosures to the Philippine Stock Exchange, Aboitiz Power and Vivant said they were appointed as Independent Power Producer Administrators (IPPA) by the Power Sector Assets and Liabilities Management Corp (Psalm) for ULGPP’s output. A s I P PA s , t h e t w o companies will take control of a portion of the government’s 600-megawatt (MW) contracted capacity with the power complex. Psalm auctioned off the Unified Leyte power complex IPPAs last year and drew Vivant’s winning offer of P4.6629 per kiloWatt-hour (kWh) as its selling price. B e s i d e s t he Ab oit i z
Power and Vivant, FDC Utilities Inc, Unified Leyte Geothermal Energ y Inc (ULGEI), Trans-Asia Oil & Energy Development Corp, Waterfront Mactan Casino Hotel Inc and Good Friends Hydro Resources Corp posted winning offers for a portion of ULGPP’s output. Aboitiz Power, through subsidiary Aboitiz Energy Solutions Inc, was awarded 40 energy strips equivalent to 40 MW of the ULGPP’s output. On the other hand, Vivant, through wholly-owned Vivant Energy Corp, was handed 17 energy strips representing 17 MW of contracted capacity. The other winning bidders or Psalm have yet to announce if they have also been officially awarded similar IPPA contracts. Psalm apportioned around 200 MWs out of 240 MW aboitiz/PAGE 10
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 Editor: Nelson Constantino
Del Monte Pacific takes in investors for US acquisition DMPL Foods Ltd., the intermediate holding company of listed Del Monte Pacific Ltd. (DMPL), has received fresh funds totalling some $74.5 million from third-party investors that will help the latter complete its acquisition within the month of the consumer food business of US-based Del Monte Corp., DMPL said in a disclosure last week. The listed fruit canner, in a disclosure yesterday, said DMPL Foods “has entered into a subscription agreement with each of Ace Profit Enterprise Ltd. (Ace) and Anatoli Holdings Company Limited (Anatoli) pursuant to which each investor agreed to make an equity investment of $37.25 million or a combined total of $74.5 million in the said company.” DMPL described Ace and
Anatoli as investment vehicles owned by independent thirdpar ty investors. “ These third-party investors are not interested persons of the company and are not associates of any director or substantial shareholder of the company,” the listed firm stressed, adding that the investors’ directors, shareholders and associates do not have any direct or indirect interest in DMPL. “The directors consider
the investors as strategic investors since they are expected to provide linkages b etween their business networks in Asian markets and the Consumer Food Business,” DMPL explained. L ast Jan. 14, DMPL said it was in discussions
with strategic investors to finalize the terms of an equity investment into the group. Last Jan. 28, DMPL also said that besides the equity investment, the acquisition will be funded through the following means: del monte/PAGE 10
CFC-Singles for Christ gets Exclusive Better car sales seen this year Discounts from The SM Store The SM Store is giving away exclusive discounts to all CFC Singles for Christ members from February 12 to 18. This is in partnership with the CFC- SFC International Conference happening this Feb. 14 -16 here in the city, Simply present your SM Advantage, SM Prestige, BDO Rewards or Mom card upon payment to avail 10% discount with a minimum P1,000 single receipt purchase on all regular priced items from any selling department inside The SM Store. Not yet a member? Avail of the SM Advantage Card for only P150 from The SM Store Customer Service Counter, Cash or Charge Counters, Supermarket Bills Payment Counter, and all Savemore branches. Do not miss this exclusive offer. Keep shopping at The SM Store Cagayan de Oro.
TWO CAR COMPANIES expect sales to increase this year, fueled by continued “high demand” and resolution of supply constraints, the companies said separately over the weekend. GOOD START Toyota Motor Philippines Corp. (TMPC) started the year on a high note as it saw sales increased by half last
month from a year ago, the company said in a statement. The Japanese car manufacturer reported that it sold 7,062 units last month, up 50% from January 2013’s 4,716 units. “ This strong sales performance can be attributed to continuous high demand for its completely knockeddown models -- the Innova
and Vios -- as well as ample supply of its other models,” TMPC said in the statement. The Vios, TMPC noted, remained the company’s bestselling model in the passenger car segment and in terms of overall sales. In the commercial vehicle segment, TMPC said the Fortuner saw its highest sales/PAGE 10
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Any Fool Can Complain “We can complain because roses have thorns, or we can be thankful because thorns have roses.” - Abraham Lincoln
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ou would think that people complain only when they have problems or they are miserable. But even happy, wealthy people complain. It’s as common as scratching your head, even if you don’t have dandruff. When we slipped out of our mother’s womb, we brought nothing with us. We were naked, hungry and screaming. We had nothing that was not given to us. And yet we have the gall to complain, when by right we deserve nothing. All of us have absolutely have no reason to complain. Compared to the impoverished majority, our life looks like a sojourn in paradise. But in spite of that, we’re still a grouchy, whiny, discontented mass of irritation. Why can’t we have more? Why were we not given this? Why should we do that? Complaining is a poison that contaminates our life and relationships. The sad part is, we are not even aware that we are doing it. It has become second nature to us. It’s easier to complain than to find solutions to our frustrations. To complain is effortless. But it also reveals the size of our brain, which is as small as a mongo seed. The fool will find fault, but the wise will find solutions. All that ranting & complaining has left our world hurting. We are now suffering its bitter retribution of poverty, and even wars and climate change. The antidote to the plague of complaint is to develop a spirit of gratitude. It takes the same amount of energy to complain, as to be grateful. An attitude of gratitude makes you happier, healthier and more lovable. Isn’t that an advantageous exchange for our filthy rags of complaints? A grateful man is someone who, when he breaks his leg, he thanks God that he did not break both legs. Then if he breaks both legs, he thanks God that he did not break his
Member:
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Life’s Surprises THINK
hink a minute… Remember Christopher A Minute Columbus, the great explorer By Jhan Tiafau Hurst from Europe? He planned to sail across the Atlantic ocean to f i n d As i a , but f ai l e d. However, instead of Asia he found the New World, now called America. And you know the rest of the story. Of course, America is not as nice as Asia, but at least Columbus’ discover y was not a total loss. It’s funny how life’s disappointments and surprises often can still turn out well. Louis Pasteur was looking for a way to keep wine from turning sour, but instead he found a way to kill all the dangerous bacteria in milk. Today this process of pasteurization makes milk safe for us to drink. Wi l l helm Ro ent gen was work ing on a way to improve photography, but instead he found the way to make X-Rays, which has enabled doctors to help even save millions of lives. Alexander Bell tried to improve the telegraph, but instead he ended up inventing the telephone. How many times have you really wanted something and did not get it, but instead you ended up getting something even better? So in the end, you were very happy and thankful you did not get what you first thought you needed and wanted. Someone once said: “When God wants to curse us, He gives us what we ask for.” You see, sometimes we want things that are not good for us and in the end will make us ver y unhappy. So it is because God loves us that He does not give us what we want, but instead He surprises us by giving us something better! Don’t forget, since God created you and me, He knows much better than we do what will really make us happy and healthy. This is why asking Him to take control of your life and help you live His way ever y day is not only the right thing to do, it’s the smartest thing you can do—for your own happiness and safety. Just Think a Minute…
neck! he usiness If truth be told, we have more to be thankful for, than O f H appiness By Girlie Gualberto-Suan to complain about. How can God answer our prayers if all He hears are complaints? Some of us can’t get to where we want to be, because we can’t stop complaining about where we are right now. If we can’t make the best of our present situation, we don’t deserve the reward of promotion. To complain is to remain. It’s p ossible that our problem is not the problem, but our attitude towards our problem is really the problem. In this world, we will never run out of things to complain about. But by the same token, we will never run out of things to be thankful for. So let’s praise God for what we have, because it could be worst. If we can’t change our difficult situation, we can at least change our attitude towards it. How about we shut up, buckle down to work, and bloom where we are planted? We might pleasantly discover, that what at first seemed disagreeable, is delightful after all. Happiness comes when we stop complaining about the problems we have, and give thanks for the problems we don’t have. Any fool can complain and criticize. But it takes a man of wisdom to be able to understand and forgive. Let’s stay in peace and accept the tribulations that God challenges us with. Eventually, what seems like problems will become opportunities, that leave us stronger and better off than before. “As you breathe right now, another person takes his last. So stop complaining and learn to live with what you’ve got.”
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Putting Closure to the 2013 Lim Ket Kai Bombing
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NFAMOUS incident like the July 26, 2013 bombing of Kyla’s Bistro at the Lim Ket Kai strip have caused macroeconomic damage to the tourism destination of Northern Mindanao. Cagayan de Oro which is the center of commerce and trade in the region has carried the brunt of public distrust from the convention planners in the National Capital Region. S e ven mont hs and twelve ca lendar days have passed and the perpetrators of the crime remain at large and free to carr y again another sinister plot. The Police authorities of the region have only pieces of shrapnel’s from a mortar explosive as evidence to the show to the world how police work grind in this part of the countr y. In their press statement, authorities have shown various sketches and declared the perpetrators were based in L anao del Sur. It has been disputed by the Governor of the Province, Mamintal Adiong that no such person or groups exist in his province. Lanao del Sur do not harbor terrorist and the province is one of the most peaceful in the region if there is no scheduled Election campaign period. Granting that authorities know where these groups are based, why were there no raids or arrest in their hideouts? The local government unit of Cagayan de Oro who was still in their euphoria after unseating the former long serving Mayor was numbed during that incident. It has not come up with apologies and assurance to the families of the eight fatalities who died from the explosion that justice will be ser ved. There were 6 persons killed on the spot and 46 other were injured that required hospital treatment. Days later 2 of the bombing victims succumb to death at the Intensive Care Units of the hospitals where they were treated as a result of their serious injuries. Was there any financial assistance from the local government to alleviate the suffering of the injured and lessen the grief of the families of the victims who died in the infamy? Not a token or a word of sublime. According to the famous saying of else while friend former Mayor
Donkoy Emano “walay bisag kulero”. The Lim Ket Kai bombing the Tourism H i - way happens at the height of a By Ped Quiamjot me dical convent ion t hat w a s h e l d i n t h e c it y. In f a c t m any of t h o s e w h o died were participants of the convention. That incident has caused fear and apprehension to the organizers. Drawing step action from the umbrella org an i z at i on of D o c tors and Medical practitioners during their annual election last November, a decision was issued to refrain from holding gatherings of such magnitude in Cagayan de Oro City. The Philippine Medical Ass o ciations have d i s c o u r a g e d t h e i r a f f i l i at e s i n c o m i n g b a c k t o Cagayan de Oro. In the PMA website, it shows their sentiments. All gatherings are booked in the Ilocos Region, Western Visayas in Iloilo, Manila and Davao City in Region 11. Drug companies and major sponsors followed suit and withdraw their endorsement for Cagayan de Oro City in 2014. Putting closure to the tragedy and regain confidence from the public would require corrective actions from Mall Operator, Lim Ket Kai & Sons to reinforce security and install more camera surveillance system in their place of business. All similar places of entertainment, banking and lifestyles centers must be obliged by law to mount metal and explosive detection x-trays at their entrance. Hotels and Restaurants catering to tourist and frequented by foreigners must be strictly obliged to adapt to security technolog y. This has been done after 911 in many major cities and place of business in the world. It is only in Cagayan de Oro that the “Inato” system as my good friend says still persists.
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Opinion
The Vital Role of Education To A Person’s Life Lino S. Chavez Jr., SP-I Bugca ES, SanFernando I Dist.
A person is a doer, must be an active and effective doer, not only a mere doer for his own development and for the society he is in. With this situation, he can perform to the fullest the necessary things and activities that he needs to attend to if he is equipped and loaded with the knowledge and necessary learning that he has gone through and from education which he voluntarily and involuntarily gained every day. Hence, education is important to a person’s life. Education is the best inheritance and legacy that a person can give to his offspring/s regardless of his economic status. This cannot be stolen, but can be shared to anybody who needs to avail even if he is not willing for education is a need. Education is a fundamental human right. It is the single key to sustainable development and stability of one’s self. This leads him to be an active and effective participant in the society and be counted on its involvement and achievement. Moreover, the right to education imposes an obligation upon a state that all citizens have opportunities to meet their basic learning needs. These learning needs comprise both essential learning tools which include literacy, oral expression, numeracy and problem solving and the basic learning content which includes knowledge, skills, values and attitudes required by every human being to be able to survive, to develop his full capacities, to live and work in dignity, to participate fully in developments, to improve the quality of his life, to make sound and witty decisions and to continue learning with the opportunity to gain and acquire the knowledge, values, attitudes and skills that will enable and will
leadhim to necessary developments of his capacities, to work, to participate fully in his society, to take control and to discipline his own life and to continue nurturing himself. A country is dependent of its workforce in which its individual citizens can proportionally perform. So, developed workforce means developed country. Education is a realization, a resolution and a reformation. It is important that a person puts his knowledge into actions so that what is in his mind and documents like short term and long term plans will be realized as part or completion or realization of his dream. Problems and conflicts are always there . These are realities and verities of a person’s life. The knowledge of making decisions and resolutions takes place so that he can get over and keep moving on and become more courageous to face related scenarios and/ or more complicated issues as he becomes a grown-up personality. To undo and unlearn the undesirable learning is easy to do if desirable formal and informal education is provided to a person. Constant correct learning, practice, and educational experiences make a person perfect or if this does not take place, the reverse will happen. This illustrates that education is a reformation. Most importantly, it must be understood and be properly internalized that the reformation that is referred here is the desirable, meaningful and enriching ones. Finally, education is important to a person’s life because his total development is given the utmost focus, making him an asset in many aspects, if not all.
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End of the IMEM By Engr. Dave Tauli, MCPC
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ejoice all you electric cooperatives in Mindanao! You have successfully ended the IMEM effective January 26, 2014, the supposed start of the second month of the commercial operation of the IMEM. Ended, not just suspended as announced by the DOE. And not just for six months, but until the amount of dependable electric power in Mindanao exceeds the maximum demand of power consumers, and thereby make it economically justifiable and legal to establish a competitive market for electricity. He re’s w hy t h e I M E M h a s b e e n terminated. Is kaput. Finito. Since January 26, any orders received from the IMEM by the grid-connected generating plants to inject additional power into the grid will not be obeyed by the GENCO’s. Why not? Because there is no guarantee that the GENCO’s will be paid by the IMEM for obeying the orders to dispatch. And why is there no guarantee? Because the IMEM cannot pay for the generation supplied to the grid by the GENCO’s on orders of the IMEM in the period December 3-25, 2013. Why cannot the IMEM pay the GENCO’s? Because the electric cooperatives have refused to pay the Billing Statements that they received from the IMEM for the period Nov-Dec. 2013 (four vastly different Billing Statements as of the last count; some more are expected as the IMEM tries to correct the errors in their latest billing statement). The PEMC and their supporters in the DOE defied the order given to them by the Energy Committee during the hearing on February 4 to hold a dialogue with IMEM participants to change the IMEM Rules so that the legitimate complaints of the IMEM consumers concerning the Billing Statements could be addressed. Instead of conducting a dialogue to change the IMEM
Rules, the PEMC tried to use the meeting yesterday afternoon, Feb. 7, in Davao City to convince the IMEM consumers to voluntarily pay the latest Billing Statements that were issued to them. It was a last-ditch effort on the part of the PEMC to cajole the IMEM consumers into paying voluntarily. So they lied and told fantastic tales about metering, billing, and settlements. All to no avail. At the end of the meeting, none of the IMEM consumers volunteered to pay their Billing Statement. So the PEMC will now try to force the IMEM consumers to pay. But they cannot do that. Because PEMC is trying to make IMEM consumers pay for something that they did not need, they did not order, and the IMEM did not deliver. No court in the Philippines is going to force anyone to pay for such a thing, or no-thing. So the IMEM is ended. It has committed financial suicide. How the IMEM operators were able to do that will have to be unraveled later, after we receive the facts concerning IMEM operation in November to December 2013. The presentations made by the PEMC during the Davao meeting were riddled with lies, so we cannot rely on that information to understand exactly how the IMEM has driven the PEMC into bankruptcy. One implication of the PEMC inability to make IMEM consumers pay is eventual bankruptcy for the PEMC. They are now indebted to the GENCO’s in the estimated amount of 300 million pesos, which the PEMC does not have, and no bank would lend to them. This also results in serious cash flow problems for the MAPALAD Energy Corporation. (They may have to change their name to DIMALAS.) The TMI also has collectibles from the PEMC due to IMEM, but they have deep pockets and this will be to them just a tempest in imem/PAGE 11
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Arts&Culture
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Mindanao films to dominate 6th Cinema Rehiyon first day screening T “ By Stephen J. Pedroza
Center for Cult u re and the Arts (XCCA) is the host of the fiveday event running on Fe b 18 -2 2 w it h t h e theme, “Filming the Frontiers.” “Cinema Rehiyon 6 feat u res f il m ma k i ng f r o nt ie r s t h at c ou ld g ive posit ive i mpact and transform our lives for the bet ter. These films will educate us about disaster risk reduction management, climate change, cultural sol id a r it y a nd ot he r societal issues,” said Hobart Savior, XCCA director. There are 8 programs exhibiting the Mindanao f ilms, categor ized according to regions.
Cinema Rehiyon 6 features filmmaking frontiers that could give positive impact and transform our lives for the better. These films will educate us about disaster risk reduction management, climate change, cultural solidarity and other societal issues ~ Hobart Savior, XCCA director
“
hese films mirror the various issues and stories from an island w it h d iver se cu lt u re and religious beliefs but often portrayed with con f l ict s a nd so cial prejudices. Produced by f il m ma kers f rom all over Mindanao, their work s of a r t w ill showcase the different sides of each region for the sixth installment of t h e i n d e p e n d e n t film festival, Cinema Rehiyon. Nearly 40 films from Mindanao will dominate the silver screens on t he f i r st d ay of t he festival, Febr uar y 19 at Xavier Un iversit y Little Theater and SM City Cagayan de Oro Cinema 3 and 4. Xav ie r Un ive r sit y th rough its Xavier
12 no on t o 3p.m ., a r e t he f i l m s , “A ng Wa l ay K a hu m a n a n g Adlaw” (Infinite Sun) by Glenmark Doromal, “ Wa K o K a k i t a ” (I H a v e n’t S e e n I t) by Eastine Charles Ta n e o , “ L u g d a n g ” (Drowned ) by G rayNorthern Mindanao e m E r e z o, “ Un awa” Under the Northern ( U n d e r s t a n d i n g ) Mindanao Collective b y K r y s t e l H y p a at SM Cinema 3, from Magallanes, “Diskonek”
by Samantha Solidum, “Kaon Ta” (Let’s Eat) by Richard Mars Caberte and “The Perfect Girl” by Janine Banday. “Wa Ko Kakita” was hailed as the Best Student Short Film during the recently concluded 6th Cinemagis Digital Short Film Festival in Northern Mindanao. “A n g Walay Kahumang Adlaw” is the award-winning film thesis of Doromal; it also reaped various recognitions during the 2013 Mindanao Film Festival in Davao City. Western Mindanao The program, Orgullo de Mindanao houses 5 f il ms f rom Zamboanga Cit y and on ly one f rom Jolo, Su lu. T he sc reen i ng of these films will still be at SM Ci nema 3, 3- 5p.m. From t he place dubbed as “Asia’s Latin City,” the list includes “ Iyo si M a l i k ” a n d “Con Enfermeded Buen Salud” by Xeph Suarez, “ No A ma Con m igo” by Ryanne Murcia, “Si El Curiosidad Mala El G a t o” b y Ad r i a n n e A r aojo a nd “ Ti mor a Talli Apuera Ram il” by Roberto Oquias Jr. On the other hand, “Pattah Ko” by Kikko Kalabud is the sole entry from Sulu. Davao Region From 5- 7:30 p.m., 5 f il m s f rom Dava o C i t y a n d t wo f r o m Compostela Valley will be shown at the same cinema. Fr o m t h e c a p i t a l of Davao Reg ion,
the lineup comprises “Halin” by Ronald Gary Bautista, “Tunga” by T he o L oz a d a , “ T h is Ring” by Jill Palarca, “A m o g ” b y A t t y. Ra k i Mala k i I I I a nd “Panalipod Onlayn” by Glorypearl Dy. M e a n w h i l e , “Badjang” by Will ia m R a na r a a nd “Sepulturero” by Jimmy Abayon are f rom the Compostela Valley. Socsargen and Central Mindanao The fourth program, “Go South” offers films f rom Cot abat o Cit y, Maguindanao and General Santos City. T h e l i s t i n cl u d e s “ T he Unvei l i ng ” by Josh Ephraim Nolasco f rom Cot abat o Cit y, “A l la i s a h” by O r v i l Ba nt ay a n a n d B o ng Aportadera, “Sanswe” by A riel Lalisan, “Be” by Genory Wanz Alfasin, “Baybayong Bi rhen” by A nd rei Karoly Hernandez and “ Hele n i L or n a” by Precy Regalado.
Full-length films I n the f i rst- day screening of Cinema Rehiyon 6, three fullle ng t h mov ie s f r om Mindanao will be screened at SM Cit y Cinema 4, from 12 noon to 5p.m. T he f i l m s i n t h is program are “Riddles of My Homecoming” by Ar nel Mardoquio, a veteran independent filmmaker, “Sugat” by March de Ramos and “Wig ni Happiness” by Albert Egot Jr. The three filmmakers are all from Davao City.
“Ceasefire” by Jamela Bato a nd “Perla” by Angel Frances Borres. These aforementioned films will be shown at SM Cinema 4, 4-6p.m.
Cinemulat Ci nema Reh iyon 6 also features ‘cont roversial’ f il ms from Mindanao through Cinemulat. The 6th Cinemagis Best Shor t Fil mProfessional Category, “Ika-3 Putahi” (Recipe No. 3) by Joeromer Bacus and “Afterdark” by Aidx paredes comprise this particular part of the festival. T h e s e f i l m s w it h daring scenes will be aired at XULT on the same day, 4-6p.m. Environmental films Lastly, three f ilms depicting environmental degradation and climate c h a n g e w i l l f ol l o w Cinemulat. The lineup includes “Backwash,” a Sendong aftermath documentary f ilm by Jose Alfonso Se nd ayd iego, “ Siet e Pesos” by Oscar Floriendo and “Rising Up After Pablo” by Fe Ma e st re f rom Compostela Valley (one of the places badly hit by Typhoon Pablo in 2012). After each program, there will be an i nt e r a c t io n b e t we e n the audience and the filmmakers. Ad m i s sio n t o t he screening venues only requires personal care items such as soap, toothpaste and toot hbr u sh , sa n it a r y napkins and infant diapers, which will be donated to Yola nd aravaged communities in the Visayas. Unde r t he ba n ne r of the National Commission for Culture and the Arts (NCCA), Cinema Rehiyon forms pa r t of t he Nat ional A r t s Mo nt h ( NA M ) celebration.
Fresh films After being screened in the 6th Cinemagis festival, its top entries are going to be featured in a special program of Cinema Rehiyon 6, “Cinemagis Fresh.” The program houses the films, “Panamilit” ( F a r e w e l l ) b y Ta t Sor iano, “Binibining For more information Cancer” by John Solomon Legara, “Hello” about the you may visit by Kevin Nico Surposa, cinemarehiyon.com.
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Events
The Night Stalker:
Valentine’s Day at Seda Centrio: When nothing less than the very best will do For lovers to whom money is not an object of contention, only a day at Seda Centrio will do. For a mere P5,100 nett, a couple can enjoy an overnight stay in a Deluxe Room wth upgrade to the next room category (subject to availability). They will also enjoy buffer breakfast and dinner for two at Misto, in room massage for two persons, welcome amenity and late check out as late as 4PM. There’s also a choice of an in-room DVD movie. And wait, that ain’t all: couples can also enjoy 3 options of their meal for the romantic evening: Buffet at Misto with live music for only P750 nett per person; Set Menu at Sinamay on Feb 14-15 at only P999 nett per person with free screening of romantic movies) or a sixcourse menu at the exclusive Club Lounge at P1,200 nett per person with live music. Couples who elect to take the high choice at the 11th floor Club Lounge, an even more romantic ambience awaits with candle lights and an unparalleled view of the city lights by night. Only a maximum of ten (10) tables for 20 persons will be accommodated on a reservations only basis.
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Growth... from page 2
expansions. In 2013, manufacturing, along with construction, served as the frontrunner in the growth of the industry sector. The sector continued to get a boost from related sectors and a growing export demand. Balisacan, also the National Economic and Development Authority (NEDA) Director General, said merchandise exports expanded mainly due to the strengthening of the global manufacturing sector in line with the recovery of the world economy. Exports of services, on the other hand, also accelerated last year on the back of the expansion of business process outsourcing (BPO) firms and the influx of tourist arrivals in the country. “With such indications of recovery from the global economic crisis, we believe the Philippine economy, particularly the industry sector, is in a very good position to take advantage of wider export markets, as the government continues to implement reforms to reduce the cost of doing business in the country,” he noted. He said the rest of the world and even developed nations and the country’s trading partners are recovering and “should be positive thing for us.” On the supply side,
Balisacan expects the industry sector, particularly manufacturing, to sustain its growth momentum it has displayed in the last two years. He stressed that while the manufacturing as of now is a relatively small part of the overall economy, the government is gearing its efforts to grow the sector fast. “Because that’s a sector that generates high quality jobs... The industrial sector, the manufacturing segment, is now growing faster than the rest of the economy that its share in the overall economic pie will increase,” he added. Balisacan further said consumption and investments will also continue to drive economic growth this year. -Danielle Venz, PHILEXPORT News and Features
Drive... from page 2
professionals and online sellers. “We are requesting all tax payers that if there are some inquiries, please visit the BIR office or visit our website at www.knowyourtaxes.ph or call us in our hot line at 981-8888 before the deadline,” Alocija said. He reminded the tax payers that the deadline for filing the annual income tax is on April 15. The launching program culminated with the signing of pledge of support participated in by the city
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 21 Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF PAG-IBIG FUND EJF FILE NO. 2014-009 Mortgagee -versusROMEO Y. BATILLER Mortgagor X-------------------------------/ NOTICE OF EXTRA-JUDICIAL FORECLOSURE SALE Upon extrajudicial petition for sale under Act No. 3135 as amended by Act No. 4118, filed by HOME DEVELOPMENT MUTUAL FUND or PAG-IBIG FUND- Cagayan de Oro Branch Office., a government financial institution with principal office address located at Petron Mega Plaza, 358 Sen, Gil Puyat Avenue,Makati City against ROMEO Y. BATILLER of legal age, Married to CARMENCITA J. BATILLER, Filipino Citizen with postal address at C/O BUSCO SUGAR MILLING, BUSCO,QUEZON,BUKIDNON,to satisfy the mortgage indebtedness which as of DECEMBER 18,2013, amounted to TWO HUNDRED SIXTEEN THOUSAND FOUR HUNDRED SIXTY EIGHT PESOS & 61/100 (Php 216,468.61) Philippine currency, inclusive of interest & penalty charges,attorney’s fees and expenses of foreclosure,the undersigned or duly authorized deputy will sell at public auction on FEBRUARY 26,2014 at 10:00 a.m. or soon thereafter at the main entrance of the RTC-BR.21,Hall of Justice lobby,Hayes St., Cagayan de Oro City to the highest bidder, for CASH in the improvements included thereon, to wit: TRANSFER CERT. OF TITLE NO. T-198579 A parcel of land (Lot 12,Block 41, Pcs-10-002661, being a portion of Lot 3594,3596,3597,3598,3600. Cad-237 & Lot 3595-I, (LRC) Psd- 128619). Situated in the Barrio of Iponan, City of Cagayan de Oro, Island of Mindanao. Bounded on the NW, Along line 1-2 by Road Lot 24, (7.00 m. wide); on the NE., along line 2-3 by Lot 13, Block 41, Both of the consolidation subd. Plan Pcs-10-002661; on the SE., along line 3-4 by Lot 3581,Cad-237,Cagayan Cadastre; on the SW., along lines 4-1 by Lot 11, Block 41,also both of the consolidation subdivision plan Pcs-10-002661. Beginning at the point marked “I” on the plan, being N. 6 deg. 00’ E., 502.18 m. from BLLM No. 58, Cad-237, THENCE: 1-2 N. 57 deg. 44’ E., 11.00 m.; 2-3 S. 32 deg. 18’ E., 12.73 m.; 3-4 S. 57 deg. 44’ W., 11.00 m.; 4-1 N., 32 deg. 18. W., 12.73 m., Beginning; containing an area of ONE HUNDRED FORTY (140) square meters,more or less. All points referred to are indicated on the plan and are marked on the ground by PS cyl. conc. mons. 15x 40 cm., bearings true, date of Original survey, Nov. 1999,- Dec. 1933, and that of the subdivision April 1-30,1999,executed by Efrain J. Sanz, Geodetic Engineer and approved on June 7, 2000. ************ **** ********************************* 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 herein abovedescribed and encumbrances thereon, if any there be. Cagayan de Oro City, Philippines, January 27,2014. (Sgd.) EFREN G. MACABAYA Sheriff IV BWM: Jan. 29, Feb. 5 & 12, 2014
and provincial government officials, national government agencies, non-government organizations and civil society organizations. (PNA)
for the contract after the ULGPP sustained damage from Typhoon ‘Yolanda’ last year. EDC is the operator of the ULGPP.
Push...
Del Monte...
the first step and really create a fund for young people to access,” the senator said. ”By pushing for ward that bill, we’re hoping that government can create a fund which young people can access; can get the funding. This will include mentorship on their business and financial literacy program,” he stated. The senator noted that these programs for youth will help in reducing unemployment among the young. ”Youth unemployment is a very big problem in our country. But we’re hoping that one track, which is the skills matching with industries and with the schools, to help them get better jobs. The other track, teach them to handle money, give them access to finance, and help them build their own business; the entrepreneurship t r a c k . B y pu s h i n g f or these two programs we’re hoping to address youth unemployment,” Aquino explained. (PNA)
• approximately $80 million from existing credit lines; • $350 million through issuance of perpetual preference shares, though the company last Jan. 14 obtained a bridge loan facility worth $350 million from BDO Unibank, Inc. that will be used until such time the preference shares are issued; • another bridge loan facility worth $165 million from Bank of the Philippine Islands, also secured last Jan. 14; • $75.5 million though share placement or bridge loan, or both. The firm added that the Consumer Food Business will obtain separate institutional debt financing of up to $970 million “to be used for working capital needs and general corporate purposes.” An indicative timetable provided by DMPL showed that a general meeting to secure shareholder consent will be held on Feb. 11 in Singapore, where it has been listed since August 1999. The expected date of completion of the proposed acquisition is Feb. 18. DMPL secured the Singapore Exchange Securities Trading Ltd.’s preliminary approval for the planned acquisition last Jan. 23. Final approval, however, remains subject to conditions such as compliance with listing requirements and shareholders’ consent. DMPL, in October last year, entered into a definitive agreement for the acquisition that would cost it a total of
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Aboitiz... from page 4
energy strips carved out of the ULGPP’s contracted capacity among the winning bidders. The state-administered firm kept the remaining 40 MW energy strips for the government. T h e U L G P P I P PA contracts also include the bulk energy contract for the right to the capacity in excess of the 240 MW energy strips. ULGEI, a whollyowned subsidiary of Energy Development Corp (EDC), however, rescinded its offer
from page 4
$1.675 billion and would give the Filipino-controlled firm a foothold in the market where the brand originated. The acquisition involves the purchase of brands, certain assets an liabilities related to Del Monte Food’s ( DM F ) c onsu me r fo o d business in the US plus stakes in a number of South American units. The deal, in turn, will allow DMF to concentrate on its pet food business. DMPL had said it expects to add around $1.8 billion in sales with the acquisition. DMPL -- which is not affiliated with other Del Monte companies worldwide -- holds the rights to the Del Monte brand in the Philippines, the Indian subcontinent and Myanmar and is controlled by the Campos family’s NutriAsia Pacific Ltd. DMPL is an investment hol d i ng c omp any w it h subsidiaries that are pr incip a l ly engage d in growing, processing, and selling canned and fresh pineapples, pineapple juice concentrate, tropical mixed fruit, tomato-based products, beverage products and certain other food products mainly under the brand names of “Del Monte,” “S&W” and “Today’s.” DMPL operates an integrated pineapple operation in Cagayan de Oro City, with a 23,000-hectare plantation, a cannery with a processing capacity of 700,000 tons with a port beside it. DMPL’s profit declined 4.25% to $17.58 million as of September last year from $18.36 million in the same nine months in 2012, weighed partly by transaction fees incurred from the acquisition of DMF’s consumer food business and fees related to its dual listing in the Philippine Stock Exchange
in June the same year. In the same comparative periods, sales increased 11.71% to $335.38 million from $300.20 million, while cost of sales slid 0.22% to $225.58 million from $226.08 million.
Sales... from page 4
monthly sales last January since its introduction in 2005 at 1,623 units. The company aims to sell a total of 90,000 units of various models this year. TMPC President Michinobu Su g at a ha d s ai d i n an interview last month that TMPC sold 75,587 units last year, 16% higher than 2012 full-year sales. The company had a target of 75,000 units for 2013. 10% GROWTH TARGETED At the same time, the official distributor of Hyundai vehicles in the country is bullish that its sales will finally increase this year, with a senior company official claiming that supply issues that plagued the firm for the last two years have already been resolved. “Supply has stabilized [so] we are looking at 10% growth for 2014, which is at least 25,000 units,” Hyundai Asia Resources, Inc. (HARI) President and Chief Executive Officer Ma. Fe Perez-Agudo told reporters at the launch of the company’s 43rd dealership -- located in Parañaque City -- in the country last Friday evening. Ms. Perez-Agudo said that, last month, sales of HARI already grew 35% to 2,500 units compared to January last year, citing the Eon, Accent, Elantra, Tucson, and Santa Fe as drivers. “Januar y was ver y encouraging. We hope to duplicate that this February,” she said.
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 20 Cagayan de Oro City
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City
OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL FORECLOSURE EJF File No. 2013-393
OFFICE OF THE CLERK OF COURT AND EX-OFFICIO SHERIFF
Upon extrajudicial petition for sale under Act No. 3135 as amended by Act No. 4118,filed by HOME DEVELOPMENT MUTUAL FUND or Pag-IBIG FUND – Cagayan de Oro Branch Office, a government financial institution with principal office address located at the Atrium Building,Makati Avenue,Makati,Metro Manila, against NORILY M. GASPAR of legal age,single,Filipino,with postal address at DENR REGION X, Macalaban,Cagayan de Oro City,to satisfy the mortgage indebtedness which as of December 13,2013, amounted to TWO HUNDRED NINETY FIVE THOUSAND SEVEN HUNDRED TWENTY FOUR &74/100 PESOS (Php295,724.74), Philippine currency ,inclusive of interest & penalty charges,attorney’s fees and expenses of foreclosure ,the undersigned or duly authorized deputy will sell at public auction on February 28,2014, at 10:00 a.m. or soon thereafter at the main entrance of the RTC-BR.20, Hall of Justice lobby, Hayes St., Cagayan de Oro City to the highest bidder,for Manager’s Check or Cash in the Philippine Currency, the following property/ies described below with all the improvements included thereon, to wit: TRANSFER CERT. OF TITLE NO. T-171515 “A PARCEL OF LAND,INCLUDING ALL IMPROVEMENTS FOUND therein ( Lot 17 of the consolidation plan,PCS-9755,being a portion of the consolidation of Lot 20, Psd-73564 OF Lot 21-B (LRC) Psd- 90454. LRC Cad. Record No. 1570, Situated in the District Of Patag , City of Cagayan de Oro. Island of Mindanao. Boundaries: E., points 3 to 4 by Lot 18; on the S., points 4 to 1 by Lot 27 (Road Lot )on the W., points 1 to 2 by Lot 16.All of the subd plan: and on the NW., points 2 to 3 by Lot 13,Psd-73564.xxx. Containing an area of TWO HUNDRED (200) sq.m. more or less,Registered in the name of NORILY M. GASPAR”. All sealed bids must be submitted to the undersigned on the abovestated 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 herein above-described and encumbrances thereon, if any there be. Cagayan de Oro City, Philippines, January 10,2014. (Sgd.) CELESTIAL VENUS G. GELBOLINGO Sheriff IV
BWM: Jan. 29, Feb. 5 & 12, 2014
NOTICE OF EXTRA JUDICIAL SALE EJF File No. 2013-346 “Upon extrajudicial petition for sale under Act No. 3135 as amended by Act No. 4118,filed by HOME DEVELOPMENT MUTUAL FUND (PAG-IBIG) against CRISTINO R. ANG III of Block 8,Lot 6,Xavier Heights,Balulang,Cagayan de Oro City to satisfy the mortgage indebtedness which as of November 14,2013 amounts to THREE HUNDRED ELEVEN THOUSAND NINE HUNDRED TWENTY PESOS AND 32/100 (PHP.311,920.32), including interests and penalty, charges, attorney’s fees and expenses of foreclosure, the undersigned will sell at public auction on April 23, 2014 at 10:00 A.M.to 4:00 P.M. AT THE REGIONAL TRIAL COURT,OFFICE OF THE CLERK OF COURT,HALL OF JUSTICE, Hayes - Mortola Streets, Cagayan de Oro City to the highest bidder, for cash or manager’s check and in Philippine Currency, the following property described below including all existing improvements found thereon, to wit:
TCT NO.T-50596 Lot 14, Blk. 10,Psd-10-057664 Lot 1, Pcs-10-003972 United Coconut Planters Bank (Residential) Malanang, Opol, Misamis Oriental ONE HUNDRED TWENTY (120) sq.m. more or less Registered in the name of CRISTINO R. ANG III
Lot Portion of Lot As surveyed for Land Use Location Area
: : : : : :
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 herein-above described and encumbrances thereon, if any there be. Cagayan de Oro City, January 30, 2014 (Sgd.) AL PONCIANO R. DATU Sheriff IV BWM: Feb. 11, 18 & 28, 2014
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Blamed... from page 1
incurred by Daneco”. “NEA undertook a valuation to determine the true worth of Daneco [Davao del Norte Electric Cooperative] in the face of a proposed buy-in of Aboitiz Power Corp. (APC) through a joint venture under a PrivatePublic-Partnership scheme,” Arquiza said. Arquiza said Aboitiz wanted to acquire 70 percent share of Daneco through a “capital infusion of P301 million” which he said will be used to pay off all of existing debts of Daneco to the NEA. Arquiza said while the public “is caught with the parochial issue of NEA and its rival, the Cooperative Development Authority (CDA), especially with the killing of NEA radio host Rogelio Butalid, the D e p ar t me nt of E ne rg y exercised its step-in power on Daneco two days after Butalid’s death”. The NEA was given c o nt r o l o f D a n e c o i n August last year through the intervention of Energy Secretary Carlos Jericho Petilla who implemented a court ruling that favored NEA over the CDA. But Daneco-CDA Board C hai r p e rs on , D i o s c oro Granada, disputed this NEA takeover, saying the government must uphold the May 2012 referendum of Daneco consumers that voted for CDA. “The Aquino government should not be blind or deaf to our problems, they should listen to the people who own the cooperative,” Granada said. Bayan Muna Partylist Carlos Zarate said the Daneco row showed “how small-time players will be dismantled by the government’s PublicPrivate Partnership (PPP) favoring big electric players”. “With Aquino’s PPP, the power industry will all fall into the hands of private capitalists. Even those held by legitimate cooperatives will be dismantled,” Zarate warned. “What’s happening to Daneco will not only lead to higher electricity rates but also to conflict among consumers and managers,” he added. Zarate pinned the energy problem on the failure of the EPIRA, or the Electric Power Industry Reform Act of 2001, saying that the law intended to break up the monopoly in the power sector, empower electric cooperatives and lower power rates, did not materialize. “Capitalists now see that if they hold franchises of cooperatives, they will profit more. This is what I see is the motive of the motive in Daneco,” Zarate said. Zarate noted electric cooperatives lose out as they incur debts with high power rates. “ The power industr y is still monopolized by only a few players, spike
of rates are unprecedented and the move to privatize electric cooperatives who are distributors are likely to continue,” he added. He said five companies control 80% of the country’s power industry: Cojuangco/ San Miguel Corp. (22%), Aboitiz (20%), Lopez (18%), Ty (12%) and Consunji (8%). Although a referendum is set this January to let Daneco consumers decide which group will control Daneco, Zarate urged the consumers and managers to go beyond their row and unite to fight privatization. (www.davaotoday.com )
Platon... from page 1
L o dge No. 335 for the Masonic Year 2014, Julius Ceasar Platon, during the installation of officers, held Saturday, February 8, 2014, at the Maguindanao Masonic Temple, along CapistranoPacana Sts., Cagayan de Oro City. The occasion was graced by no less than Agila Shriner of Mindanao Potentate Peter U. Lim Lo Suy, who assumes the highest and esteemed position, along with other officers during the installation of officers for the Shrine Year 2014, last January 25, at the Emerald Ballroom of the posh Limketkai Luxe Hotel. Installed with WM Platon were Gary Booc for the position of Senior Warden and William Padilla as Junior Warden. Sixteen other officers were also installed into their respective offices, including Mi s O r L o d ge No. 3 3 5 Past President Ferdinand Bernasor, who now assumes as Tyler. The other officers include Reagan Abbu – Treasurer, Ian Giovanni Pabillaran – Secretary, Eugene Unabia – Auditor, Alex Wong, Jr. – Marshall, Ludito Lumamba – Chaplain, Jsime Cruz, Jr. – Senior Deacon, Vicor Francis Salcedo – Junior Deacon, Jed Lasmarias – Senior Steward, Rene Troy Barrientos – Junior Steward, Dennis Medalle – Orator, Alden Sambaan – Almoner, Ryan Pabellan – Organist, Isidro Butaslac, Jr. and Robert Cruz – Lecturers and Leonardo Arcol – Harmony Officer, who was also the installing officer. The theme in last Saturday’s installation was “Strengthening Misamis Oriental Lodge No. 335 Road M.A.P. (Meet, Act, Part).” “ To d ay, i n r u n n i n g business or government for that matter, roadmaps are necessary. But, roadmaps, which are called by some other names like “strategic plans” are not enough. We need our Masonic compasses for it will unerringly point you towards the direction you need to go as you navigate in this uncertain world that keeps on transforming,” Dr. Platon said. WM Platon, who is a g r a du ate of D o c tor i n Veterinar y Medicine, is
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married to Rachel Guinitaran and blessed with two daughters, Viane and Bea. He was initiated on September 8, 2007, passed to the degree of Fellowcraft on October 25, 2007, and raised to the sublime degree of Master Mason on November 10, 2007. Senior Warden B ooc was initiated on April 9, 2008, passed the degree of fellowcraft on May 10, 2008, and raised to the sublime degree of Master Mason on May 31, 2008. Junior Warden Padilla was initiated on February 14, 2009, passed to the degree of Fellowcraft on March 14, 2009, and raised to the sublime degree of Master Mason on April 28, 2009. The installation was followed by a Fellowship: Cocktail-Dinner, at the Grand Caprice Restaurant at Limketkai Center.
DOE... from page 1
in the Managong Hydro Power (6MW), Wawa Hydro Power (13MW), Bugsukan Hydro Power (5MW) all located in Sibagat, Agusan del Sur and the Upper Tago Hy d ro Pow e r ( 3 0 M W ) located in Lanuza, Agusan del Sur. The new hydro projects add to the 265 projects -- with total capacity of 4,005.72 MW -- that had been awarded as of Dec. 31, the department said. Mario C. Marasigan, director of the department’s Renewable Energy Management Bureau, said granting of the ser vice c ont r a c t s w ou l d a l l ow Global Sibagat to conduct “pre-development activities including feasibility studies.” L a t e l a s t y e a r, t h e department also granted
eight service contracts to Hydrotec Renewables, Inc., which plans to develop hydro power projects along the Marikina River. Hydrotec, last month, said it would invest up to P2.7 billion to develop the projects with capacity ranging from 25 MW to 30 MW. Six of these plants will be located in the province of Rizal -- two in Antipolo City, three in the municipality of Rodriguez and one in San Mateo. The remaining two will be built in Marikina City. Hydrotec had said site preparation for construction work has begun and c onst r u c t i on p e r i o d is expected to take six to eight months. Project completion is targeted by 2016.
ABELLANOSA Lechon House Corner Magsaysay Abellanosa St., Cag. de Oro City MANAGED BY :
KUYA ABS CDO EAGLES CLUB WE ACCEPT ORDERS: LECHON, HALANG-HALANG or SAMPAINA
FREE DELIVERY WITHIN CITY PROPER Contact:
09353742908 / 09265949729 / 0883091150
IMEM... from page 7
a teapot. So it is likely that the end of the IMEM also means the end of the PEMC. In that case, somebody else will have to take over the operations of the WESM. If anyone else is willing to do so, considering the problems that the WESM is facing in Luzon. For the Mindanao C oalition of Power C onsumers, I think we can conclude that our work on the IMEM is done. We need not do anything else. We can go on to better t h i ng s . T he ne x t work is the improvement (not amendment) of the EPIRA in order to “ensure security of elec tricity supply at reasonable price” as worded in the ongoing Focus Group Discussions being conducted by the DOE. Dave Tauli, Mindanao Coalition of Power Consumers
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