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BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 88

Market Indicators As of 6:20 pm jan. 9, 2015 (friday)

FOREX

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Sasa Port THE P18.99-billion Davao Sasa Port Modernization project will be the first public-private partnership (PPP) project to be rolled out this year, with the Transportation department set to publish the invitation to bid within the week. Department of Transportation and Communications (DoTC) Secretary Joseph Emilio A. Abaya told reporters on the sidelines of an event in Quezon City on Wednesday: “We have to meet again because Friday is our deadline to publish the invitation to bid. That’s what the BAC told us. We just have to finalize some minor details.” This represents a twoweek delay from his earlier announcement last month, saying “Davao Sasa will be able to publish an invitation to bid before Christmas.”

P86M investments MAMBAJAO, Camiguin -- The Department of Trade and Industry (DTI) posted a total of P86.14 million investments in 2014. Taking the lead this time are investments related to the health Industry, with the Camiguin Medical Center in Mahinog town topping the list with P15 million capitalizations, and another P3 million investment for a dialysis center in Binaliwan, also in the same town. Other investments included in the top five are the Dive Special Camiguin, located in San Roque, Mahinog with P9M capitalization; Nene Uy Space Rental at P3M, and Northern Lights downtown lodging house at P2M, both located in the capital town, Mambajao.

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Construction of Lanao’s coal-plant starts in 1Q T

By IRENE DAYO, Staff Writer

HE construction of the planned 540-megawatt coal-fired power plant in Kauswagan, Lanao del Norte is expected to go full blast as loan financing for the project have already been secured by the Ayala Group’s energy unit, GN Power Kauswagan Ltd. Co. Plant/PAGE 7

Bank grants Surigao City water utility P202-M loan By ROEL CATOTO, MindaNews

SURIGAO City – United Coconut Planters BankSurigao branch has recently granted the multi-

million loan to Surigao Metropolitan Water District (SMWD). loan/PAGE 7

THREE CHAIRS. Former GPH peace panel chair and current Philippine Press Institute president Jesus Dureza (center) shares some thoughts with MILF peace panel chair Mohagher Iqbal and current GPH peace panel chair Miriam Coronel Ferrer, during the media roundtable discussion on the Bangsamoro Basic Law in Davao City last week. mindanews photo by h. marcos c. mordeno

‘BBL not a perfect law; Peace in Bangsamoro needs good governance’ By WALTER I. BALANE, MindaNews

D AVA O C i t y - - T h e Bangsamoro Basic Law (BBL) should not be viewed as a perfect law that will solve all problems besetting the proposed political entity that will replace the Autonomous Region in Muslim Mindanao, the heads of the peace panels of both the government and the Moro Islamic Liberation Front (MILF) said in a forum here Thursday. Speaking during the media roundtable discussion on the

BBL, Mohagher Iqbal, chair of the MLF peace panel cited that while the bill is a product of 17 years of negotiations, it is only one element that will help achieve lasting peace in Mindanao. Iqbal stress ed, for instance, that it requires good governance and leadership and good implementation of the law to make groups like the Bangsamoro Islamic Freedom Fighters and Abu bbl/PAGE 7

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Economy

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Tatak TESDA P16.7-M earmarked to aid national govt agencies in Oro video making THE amount of P16.7 million has been earmarked as the city’s aid to different government entities this year. This is provided for in Ordinance No. 12903-2014, which was approved by the City Council headed by vice mayor Caesar Ian E. Acenas on December 15, 2014. Of the amount P9.5

million will be spent for the city’s subsidy to national government agencies (NGAs) in the form of honoraria/ allowances for their services. T h i s y e a r, t h e c i t y budgeted P1.6 million as allowance to Court of Appeals Justice at P15,000 per month. Meanwhile, the city is allocating P144,000 for

the honoraria of Asst Exec Clerk of Court; P360,000 for the Clerk of Court; P1.6 million to Regional Trial Court judges; P96,000 to Exec Clerk of Court; and P1.2 million to Clerk of Courts. Meanwhile, the city’s subsidy for allowance of the Regional State Prosecutor is P120,000; Deputy Prosecutor,

P168,000; Asst. Regional Pro s e c utors , P 2 5 2 , 0 00 ; Municipal Judge, P600,000; Clerk of Court, P96,000; while the five branches of the Clerk of Court will receive P420,000 from the city this year. Funds were also earmarked for the City Prosecutor; aid/PAGE 7

contest now open

GOOD News! The Technical Education Skills Development Authority (TESDA) is now accepting entries for its nationwide “Tatak TESDA Video Making Contest” for Year 2 implementation. The contest launched in 2014 was to challenge the technical vocational education and training (techvoc) graduates and schools offering tech-voc programs to create a video of their success story that will encourage other people to get into this career path. The Tatak TESDA Video Making Contest Year 2 is open to individuals and schools engaged in technical vocational education and

training (TVET). The TVET graduate should be a finisher of any course from 2010 onwards, a holder of a National Certificate or Certificate of Competency, and working either in the country or abroad. For the school category, the technical vocational institution should be accredited by TESDA, of good standing, and holder of Certificate of TVET Program Registration. The graduate or the school must produce an original two to three minute video taken at the workplace or work setting, and then uploaded in Facebook or Youtube. The link should be submitted along with the official entry through email to the TESDA Provincial Office and copy furnished the TESDA Regional Office (tesdaregion10@yahoo.com) and Office of the Director General (tataktesda@gmail. com). The videos may be in the form of dramatization, storytelling, music video and other creative format and should answer the question: How did TESDA contest/PAGE 7

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SM Accessories takes 2015 in a desert storm with the presummer collection of 2015. See Anne Curtis, Xian Lim, Georgina Wilson, Enrique Gil, Julia Barretto, Kathryn Bernardo and Daniel Padilla venture into the wild with pieces that merge style and function. Animal prints and bold chains

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PEZA registers P6-B Norkis Cyberpark

THE Philippine Economic Zone Authority (PEZA) has approved the re g i st r at i on of t he P 6 billion Quisumbingowned Norkis Cyberpark, the first IT park in Mandaue City, Cebu. PEZA Director General Lilia B. de Lima said Norkis Cyberpark Inc., Inc. Chairman Dr. Norberto B. Q uisumbing, w ho is also chairman of the Cebubased conglomerate Norkis Group of C ompanies, s i g n e d i t s r e g i s t r at i o n agreement. The Cebu-based conglomerate, which started in motorcycle manufacturing business, will develop a 2.8-hectare lot into an IT park c ons i st i ng of f ive B P O office towers and a complementing retail strip. The first office building, called Norkis One and a specialty retail strip called The Arcade shall cater to the captive BPO market and its surrounding neighborhood. The cyberpark is being developed by DEI Properties Inc. Norkis Cyberpark will be the third IT Park in the entire Cebu to be approved by PEZA. As a developer, Norkis is entitled to 5 percent tax on gross income earned while its locators are entitled to five years in income tax holidays. The Quisumbing family patriarch said its cyberpark project, which is funded via internallygenerated funds and bank loans from the countr y’s top three banks Banco de Oro, Metrobank and Bank of the Philippine Islands, is expected to become its f l a g s h ip proj e c t i n t h e future. T h e m a s te r pl an n e d d e v e l o p m e nt w i l l h e l p push development in the Mandaue City area as well as increase overall e c o n o m i c a c t i v i t y. At it s c omp l e t i on , Nor k i s Cyberpark will help generate 38,000 jobs.

The cyberpark, which is close to the Norkis headquar ters in Mandaue, has a three to f i v e y e a r d e v e l o p m e nt timeframe. Construction of Office One, a six-story building at a cost of about P300 million, has b een completed last year. Upon completion, the whole Norkis Cyberpark d e v e l opm e nt w i l l h av e 114,000 square meter of office and retail space at the ground floor. Quisumbing said that its consultants have considered the hard lessons learned from the recent calamities in the design and structures of the Norkis Cy berpark. Thus, the buildings and the development are designed to ensure we are ready should something similar happen in the future. Q u i su mbi ng f u r t h e r said that its foray in the BPO sector is in response to the strong demand for BP O l o c ators i n Me t ro Cebu. Cebu, which has 33,000 current BPO seats, is r a n k e d a s t h e w o r l d’s eighth major destination for BPO firms according to investment advisory firm Tholons. Cebu has a very low 2 percent office space vacancy rate at present. Quisumbing noted that the Quisumbing family, w hich has b een in business for over 40 years has employed over 3,000 people only but this new venture is going to employ 38,000 people. No r k i s , w h i c h u s e d to be the exclusive assembler and distributor of Yama ha motorc ycles in the countr y, said that the motorcycle business has been overcrowded because of the entr y of several Chinese brands. Norkis has also taken in the distribution of two Chinese brands Haojie and Sunrise, which account for 15 to 20 percent of total motorcycle market in the countr y.

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black both camouflage yet make you stand out, perfect for easy mixing and matching. Start the year right with all the right pieces you need in that wardrobe, and conquer your best year yet with SM Accessories. All items are available in SM Stores nationwide.

Ford’s PH sales shoot up to a new record in 2014 THE Philippine unit of Ford registered record sales in 2014, with its Ranger pickup truck fueling the company’s performance. In a statement, Ford Philippines said it sold 20,341 units across different models last year, up 53 percent from 2013. In December alone, sales climbed 56 percent to 1,903 units. “It’s been a remarkable year from beginning to end, and we’re extremely proud

Globe announces free Internet as PLDT renews freebie offer GLOBE Telecom, Inc. last week announced free Facebook and Viber services for a month, giving its subscribers across the board access to social media networks without data charges and Wi-Fi needed. The freebie offer, which starts Jan. 13, was announced after rival Philippine Long Distance Telephone Co. (PLDT) extended its free mobile data promo to Feb. 5 from Jan. 5, suggesting a race to get consumers into the habit of using more Internet offers amid dwindling income from traditional businesses such as voice calls and text messages. Globe’s free promo has “no purchase required, no promo required, no daily registration required, and available to all Globe customers,” Globe Chief Operating Advisor Peter B. Bithos, told reporters via text message. PLDT early in the week allowed all its 69 million Smart Communications, Inc., Talk ‘N Text and Sun Cellular, Inc. subscribers nationwide to use their data-enabled mobile phones to access the Internet without data charges for another month, for up to 30 megabytes a day. On Wednesday, Globe shares lost P25 or 1.43% to P1,720 apiece, while PLDT stocks ended the session at P2,820 apiece, up P8 or 0.28% from Tuesday.

of how the Ford brand and our full lineup of global Ford vehicles continues to connect with, and be valued by, so many Filipino customers,” said Kay Hart, Ford Philippines managing director. Leading sales last year was the Ranger pickup truck, which closed the year as the Philippines’ top-seller amid a 70 percent year-on-year surge in demand to 7,996 units. In December alone sales of the Ranger climbed 87 percent

year-on-year to 956 units. Trailing the pickup truck was EcoSport, Ford’s compact urban sport utility vehicle (SUV) on sales of 537 units in December along and 5,203 units for the entire year. The third best-seller was the Everest SUV on sales of 3,137 in 2014, while the Fiesta compact passenger car turned in sales of 2,099. Growing slower was demand for the Explorer SUV at 1,083 units last year.

And lastly, the Ford Mustang sold 139 units. “With the launch of more global Ford vehicles on the way, and the expansion of our nationwide dealer network continuing, we are committed to going further in 2015 and making the Ford brand even more accessible to our customers across the Philippines,” said Hart. The American carmaker closed 2014 with 36 fullservice dealerships.

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Europe in 2015 - A Real Challenge

appy New Year my dear readers! The new year will be a challenge for the EU. The economy has to be boosted with public investments worth billions, and a clear policy towards Russia is more urgent than ever. “We will have a breath of fresh air, but not galeforce winds,” said European Commission President JeanClaude Juncker, when he was asked in an interview, if he expected any changes in 2015. And I strongly agree with him. The EU Commission wants to give a new impetus to t he EU’s st r ug g ling economy and focus primarily on the creation of jobs and its investment program worth 315 billion euros ($381 billion). “Nonetheless, b a lancing t he nat iona l budgets will continue to be important,” Juncker said, hoping to reduce expectations in economic crisis countries such as Italy and France. T h e C o m m i s s i o n’s economic forecasts predict a modest growth rate of 1.1 percent for the euro zone, with developments in single member states continuing to be markedly different: Germany will fare reasonably well, whereas other major euro zone countries will,

Member:

Prepare for Landing hink a minute…There’s a book entitled The 365 Stupidest Things Ever Said. This is one of those stupid things that was actually said. “If you bought our cours e on ‘How To Fly An Airplane In Six Easy Lessons,’ we apologize for any inconvenience we may have caused you by our failing to include the last chapter, ‘How To Land Your Plane Safely.’ Send us your name and address and we will immediately send you this last chapter on how to land your airplane safely.” Can you imagine a pilot taking off in an airplane not knowing how to land it? Ye t s ome of us ‘f ly’ through life without ever thinking about how we are going to ‘land.’ Pilots are never even allowed to take off without a flight plan: k n ow i ng w he re t he y ’re going and how they’ll get there. But many of us are like the university student who said: “I don’t like to think about things until they happen. Death is still a long way away.” My grandmother used to tease my grandfather when he would leave the house to go for walks. She’d say to him: “Now dear, don’t go so far you can’t get back!” You know, that’s exactly what happens to us when we die. We’ve gotten so far we can’t get back. Each of

m ore l i k e l y t h a n n ot , stagnate. Jyrki Katainen, EU commissioner responsible for growth and jobs, has acknowledged that “the economic and employment situation is not recovering. Greece could fall behind again. As we could learn last December: No more money from the IMF. In the following year, the European Central Bank (ECB) will continue to grapple with the consequences of the sovereign debt crisis and sluggish economic growth. Economic risks predominate, the ECB concluded in its recently published analysis. Cause for concern for the m on e t ar y w atchd o g i s provided primarily by an inflation rate considered too low. The ECB stands ready to inject money into the markets on a massive scale; but when this step will be taken remains unclear for the time being. Italy can’t wait for it, but Germany is stepping on the brakes, preferring, as usual, fiscal policy restraint. The euro crisis, considered overcome by many in Europe, could return in 2015 on a massive scale. While writing this piece, the euro remains on a four-years-low. If Greece’s far-left Syriza party, which is currently leading in opinion

polls, wins snap elections, financial market confidence will likely be unsettled. “The Greeks know very well what a wrong election result would entail,” Juncker w ar ne d blu nt ly. In it s analysis, the Goldman Sachs investment bank has been even more outspoken. “In the event of a [Syrizaled government no longer paying its debts, leading to a] severe Greek government clash with international lenders, interruption of liquidity provision to Greek banks by the ECB could potentially even lead to a Cyprus-style prolonged ‘bank holiday’,” it said. Greece, owing a total of 250 billion euros to the International Monetary Fund and various EU institutions, would tumble into financial chaos. A Greek tragedy would obviously affect other states with onerous debts: risk premiums for Cyprus, Italy, Portugal and, possibly, France would increase. This, in turn, would be poison for public budgets, which are to be used for investments as opposed to increased interest burdens. And here is another big question? Is the United Kingdom on its way out? There are growing centrifugal forces with the EU, not just due to the challenging

H ave M y Say

By Klaus Doring

economic situation but also because of a general dissatisfaction with Europe and “the guys in Brussels.” This trend may continue with the elections to the House of Commons in mid-May. The UK Independence Party (UKIP) could triumph once again after its win in the European elections in May. Driven by UKIP, British P r i m e M i n i s t e r D av i d Cameron has promised his voters to negotiate increased sovereignty for the UK with the EU. But German Chancellor Angela Merkel has already drawn a red line by assuring that “freedom of movement of EU employees is non-negotiable.” Cameron wants to limit immigration of EU citizens into the UK, in a bid to respond to growing xenophobia. If his plan fails, doring/PAGE 6

Tale of two cities’ budget

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THINK

A Minute

By Jhan Tiafau Hurst

us gets only one chance to live and then we have to die. We only get one chance to ‘f ly ’ b e fore we h ave to ‘land.’ “What goes up, must come down.” Ready or not, we’re going down! So we need to prepare for landing while we’ve still got time. How ab out you ? D o you know where you would ‘land’—if your life ended today? You see, we cannot know what’s going to happen to us tomorrow so we must be smart and sure we’re ready to day! Just ask Jesus Christ to forgive you for your past wrongs and to take charge of you r l i fe e ve r y d ay. That’s the way you can live with total peace of mind that whenever your life ends, 5 years from now or 5 days from now, you know you’re ready for a safe landing. Just Think a Minute…

ebu City’s target collection for 2014 is 5.9B. By November last year, its actual collection is P1.2 billion short. Including remaining collectibles for December of around P700 million, the shortfall is still around P500 million. Cagayan de Oro’s revenue collection in 2014 is P2.7 billion. It has exceeded the P2.6 billion projection. And exceeded by P400 million the 2014 budget of P2.3 billion. Cebu City’s budget for 2014 is P5.9 billion. For this year, a whooping P13.4 billion. Although this has been cut from what was proposed by Mayor Michael Rama of P18.9 billion, this year’s budget is the biggest in the history of the city. It is bigger than the P12 billion 2015 budget of Manila. Like Cagayan de Oro, the City Council of Cebu is dominated by the local opp osit ion, t he B ando Osmeña-Pundok Kauswagan (BOPK). The council’s budget committee is headed by Councilor Margot Osmeña, wife of Mayor Rama’s political rival, former mayor and former congressman Tomas Osmeña. While Mayor Rama does not totally like the approved P13.4 million budget, he is happy that his pet projects like drainage upgrades and flood control, more equipment for police and firefighters and more roads will finally be financed. The City Council of Cebu, although dominated by the local opposition did

not sacrifice public welfare to partisan politics. Unlike Cebu City, the City Council of Cagayan de Oro slashed the P3.8 billion budget proposed by Mayor Oscar Moreno to P2.1 billion. Hit hard by the P1.7 billion budget slash are vital social services like Philhealth subscription for the poor, waste management and traffic management. With the fiscal management at City Hall vastly improved, not only are the poor who need welfare subsidies stands to gain, but businesses generally gain from good governance. Unfortunately, the majority in the City Council belonging to the PaDayon political group of former mayor Dongkoy Emano cannot see beyond partisan politics. The budget slash and burn by the City Council of Cagayan de Oro is without precedent. Since day one of the Moreno administration, the majority have only one marching order from their godfather Dongkoy. That order is to prevent the Moreno administration from succeeding. Any administration’s success means the people are satisfied. So the majority in the City Council do not want more and better classrooms, better city hospital, capable rural health centers, farmto-market roads, improved waste management and wellmanaged traffic. But despite the irrationally contrarian City Council,

the Moreno administration has been successful in modernizing transactions in the City Treasurer’s Office. It had built over 200 classrooms in less than two years against zero during the Emano administration. The city hospital that Emano left for dead has been vastly improved. Now at least 41 of the 54 rural health centers are accredited by Philhealth to handle maternal cases. During Emano’s term, none of the city’s rural health centers are accredited by Philhealth. Now the council majority is escalating its sabotage of the Cagayan de Oro. They do not want the people to be happy with the services from City Hall. They only did not only slash the budget for social services, but wanted to cripple the anti-poverty drive of the Moreno administration. In his veto message to the City Council, Mayor Moreno cited the act of the City Council to prevent the Moreno administration access to the National Household Training System for Poverty Reduction (NHTS-PR) of the Dept. of Social Welfare and Development. Mayor Moreno a ls o cited how the City Council delayed, causing “irreversible damage,” the approval of the city’s counterpart to the P120 million farm-to-market road fund from the Dept. of Agriculture. The Council also prevented the mayor from identifying programs and

Fastlanes

By Bencyrus G. Ellorin

projects under 20 percent development fund. Suddenly the City Council and other apologists of Dongkoy Emano are talking of program of works and estimates for projects like the farm-to-market road. Suddenly they are talking of participatory processes in budgeting and development planning. All of a sudden these councilors who were dead quite during the Emano administ rat ion b e c ame ferocious fiscalizers. The walking dead councilors do not have the moral ascendancy to talk about participatory processes when they approved everything Emano wants in his 15-year misrule of the city. Would you believe that the Local Development Council was only convened by Dongkoy Emano in 2013, before he stepped down? Have you heard anyone from the Council majority crying foul over this in the previous administration? Nada. bency/PAGE 7

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Banking&Finance

BDO ties up with UAE’s biggest lender for money transfer service FILIPINO with BDO accounts can now receive remittances from their relatives in the United Arab Emirates (UAE) in as fast as 60 seconds. In a st ate me nt , t he country’s largest lender said it teamed up with Emirates NBD, the largest lender in the UAE, for a money transfer service called DirectRemit

60 Seconds. The service, which started last December in the country, will enable the transfer of Philippine pesos to BDO bank accounts in 60 seconds, benefitting the remittance beneficiaries of the OFWs stationed in the various parts of the UAE region such as Dubai and Abu Dhabi.

“UAE is host to more than 700,000 Filipinos who diligently work to be able to send money back to their families in the Philippines. This is another channel that will bring security and ease to our remitters,” said BDO senior vice president for remittance distribution Geneva T. Gloria. OFW remittances are one of the largest in the world reaching about $24 billion a year. Gloria said BDO and Emirates NBD are a good fit because both are leading industry players in their respective countries and serve a considerable number of Filipinos. “Most of their Filipino clients who maintain an

account with them are also enrolled in Emirates’ online banking facility. Using this platform, these customers can send money to the Philippines anytime, anywhere and can also pay their bills, insurance premiums or loans payments via their BDO accounts,” she added. Emirates NBD is the leading banking group in the UAE and is the product of a merger between Emirates Bank International and the National Bank of Dubai. The Emirates bank is into corporate, retail, private, Islamic and investment banking, and has more than 220 branches and over 885 ATMs and cash deposit machines.

Rules for small banks’ forex transactions set RULES expanding the scope of operations of small banks in the country were released yesterday by the Bangko Sentral ng Pilipinas (BSP) as part of its mandate of providing greater financial inclusion. Under BSP Circular 864 that was signed by BSP Governor Amando M. Tetangco, Jr. last Dec. 22, thrift banks qualified to issue foreign letters of credit and engage in import and export transactions may apply to “operate as a dealer of deliverable FX (foreign exchange) forwards in order to service the trade-related hedging requirements of its clients.” However, the BSP required that the tenor of the FX forwards

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dealt should match the term of the underlying trade transaction and that thrift banks interested in acting as dealers of FX forwards be covered by all regulations prescribing capital for market risk. The applicant thrift bank should also comply with sales and marketing guidelines prescribed by the BSP, according to the circular. Meanwhile, under BSP Circular 865, thrift, rural, and cooperative banks can now buy and sell foreign currencies to enable them to play a more active role in the remittance business. The BSP, in a statement last November when it announced that its policy-setting Monetary

Board had approved the two circulars, said that small banks are expected to manage any risks arising from the buying and selling of foreign currencies. The central bank noted, however, that ample safety nets are in place that will “adequately capture... the extent of thrift, rural, and cooperative banks’ compliance and assessment of risk management…” BSP Circulars 864 and 865 -- which amended parts of the Manual of Regulations for Banks -- will take effect 15 calendar days after their publication either in the Official Gazette or in a newspaper of general circulation. Chamber of Thrift Banks President and BPI Family Savings Bank President Jose

Teodoro K. Limcaoco earlier said that allowing thrift banks to deal in deliverable FX forwards would provide their clients the ability to hedge their foreign exchange exposures. “More and more the SME (small and medium enterprise) sector is getting involved with international customers or suppliers. The ability to manage FX exposure will make our clients more competitive,” he said last November. Meanwhile, BSP Deputy Governor Nestor A. Espenilla, Jr. had said that the two new regulations will “make the economy more competitive and inclusive”, especially in an increasingly integrated Southeast Asian economy.

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OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

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BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298 CHINA BANK –GAISANO 745887/745880 CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819

PLANTERS DEVELOPMENT BANK

Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774 SECURITY BANK- LKK Limketkai | 8801258/8801625 SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632

EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331

STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168

FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678

Manulife Philippines bagged both ‘Best Booth Gimmick’ and ‘The Most Visited Booth’ awards among the over 100 exhibitors that participated in the recent Baby and Family Expo held at the SMX Convention Center. Fun activities, treats and freebies from the Manulife Bundle of Joy booth delighted parents and kids who attended the Expo. Manulife’s Bundle of Joy advocacy aims to reach, secure and protect as many Filipino families as possible. Eligible parents that sign up with the Manulife Bundle of Joy community (www.manulifebundleofjoy.com.ph) will be entitled to a free 1-year term life insurance coverage worth P100,000. Everyone who registers online can also access good reads and helpful tips from experts, join various promos and win exciting prizes and freebies. In the photo are Anthony Perez, Senior Vice President & Head of Alternative Distribution, Manulife Philippines and Ryan Charland, President & CEO, Manulife Philippines at the opening of the Manulife Bundle of Joy booth.

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558

EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081

ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395

Parents and kids enjoy Manulife Bundle of Joy booth events in the 2nd Baby & FamilyExpo at the SMX Convention Center in Pasay City

LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

UCPB BANK- LAPASAN Osmeña Corner Lkk Drive, Cdoc 85771842/ 725135 UCPB BANK- VELEZ Velez Corner C. Pacana St. CDO 8564474/8564527 UCPB BANK SAVINGS-CAPISTRANO

Capistrano Corner CruzTaal St. CDO 8524099/722695

UCPB BANK SAVINGS- OPOL Gf forever Books Bldg.Bulua National CDO 754519/8588063 UNION BANK Lapasan Cm.Recto Cdoc | 8566847/8563805 WEALTHBANK Velez Gomez St. Cdoc | 8568942/722174 1ST VALLEY BANK Vamenta Blvd. CornerLirio St. Carmen, Cdoc 8501871/ 8584146 OROBANKERS CLUB Inc. Pnb Carmen | 09151850242

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LVGP SPECIAL NATIONAL ASSEMBLY – CONGRESSMAN EMMANUEL ‘MANNY’ PACQUIAO attends the League of Vice Governors of the Philippines (LVGP) Special National Assembly as a special guest at Midas Hotel, Pasay City. With him are (from L-R) VICE GOVERNOR JOEY G. PELAEZ (LVGP Vice President for Mindanao), Vice Governor Gabrielle V. Quimpo of Aklan (LVGP Treasurer) and Vice Governor Leonides “Odi” N. Fausto of Cagayan Valley (LVGP President). It will be recalled that Congressman Pacquiao’s wife, Jinkee, is the Vice Governor of Sarangani Province.

to change policies following Land Bank continues DA adverse effects of climate change to support PH food supply chain program IN CONTINUING support of the government’s thrust towards food security and self-sufficiency, Land Bank released an additional R6.7 billion in loans from January to September this year under the Food Supply Chain Program (FSCP). This brings to R34.6 billion the Bank’s total loan releases since the program was launched in 2010. FSCP is a joint undertaking of t h e D e p a r t m e nt of Agriculture, Department

of Finance and Land Bank to help increase agricultural productivity and increase the income level of farmers and fishers by improving efficiency across the food supply chain. “We are pleased to note the growing participation in this program, as this will go a long way in helping farmers,/ fisher co-ops and organizations, MSMEs, and NGO producers improve their productivity. Moving forward, Land Bank shall remain committed to

FEEDING PROGRAM AT TAGUANAO ELEM.SCHOOL By MARICY P. KHO

Apart from the DepEd’s S cho ol-B as e d Fe e ding Program and BLT Program, Taguanao Elementar y School has been a beneficiary of different private school and kindhearted individual’s outreach pro g r ams . Ye ar 2 0 0 4 , when I entered Taguanao Elementary School, Xavier University Grade SchoolPueblo Campus, already hold their weekly Feeding P r o g r a m s . Id e n t i f i e d Taguanao pupils who have nutritional status ranging from “wasted” to “severely wasted” were chosen to be the recipients. Up to this time, XUGS Pueblo still conducts their feeding program bi-weekly. There were also instances when Lourdes College Nursing Department conducted feeding program to our school children. A Parent of Xavier University High School fourth year class in the person of Mrs. Christine Magsalay is also a benefactor

of the school. It is their weekly program to feed pupils with low Body Mass Index (BMI). Through these feeding programs, pupils are surely to improve their height and weight. Factors such as absenteeism and drop-out rate are also minimized. In addition to feeding p r o g r a m s , Ta g u a n a o Elementary School is also very grateful to Corpus Christi School, St. Mary’s School, Xavier University Grade School and Xavier University High School for choosing our school for their gift-giving every December. Kindergarten to Grade Six pupils received gifts which make their Christmas season merrier. As a member of the faculty of Taguanao ES and on b eha lf of our administrators, I can’t thank you enough for all your generosity extended to our school. More blessings will come your way.

providing financial, technical, marketing, and institutionalbuilding support to make these projects financially viable” said L and Bank president and CEO Gilda E. Pico. Under the program, Land Bank provides financial and technical assistance to agricultural producers, service providers, consolidators, processors and various market players across the agriculture and food value chain. support/PAGE 7

Doring... from page 4

he might have to promote an exit himself, prior to the referendum on Britain’s future within the EU scheduled for 2017. So, perhaps the EU will have to bid farewell to the UK as early as this May. Such a development would plunge the European Union into a severe crisis, with euro skeptics in Hungary, France, Italy, Sweden, and Germany receiving a boost. In France, where right-wing populist Marine Le Pen is fighting for an EU exit and cornering weak socialist president Francois Hollande, the situation could escalate. Mediating between the UK and the remainder of the EU will be one of the main tasks for the new European Council President - the former Polish Prime Minister Donald Tusk. For Tusk, the main foreign policy crisis at the top of the European agenda is the Ukraine conflict and the EU’s relations with Russia. As chairman of the heads of state and government, Tusk intends to advise the EU to look eastward and engage Russia in dialogue. “I would like to integrate an eastern European perspective,” Tusk said when he took office last month. Come March, the EU will decide on extending its

A F T E R s e ve r a l natu r a l calamities have cut down the country’s agricultural output, the Department of Agriculture (DA) is planning to incorporate climate change policies in its programs, plans and budget to meet the demands of the forthcoming weather changes. “In re s p on s e t o t h e directive of his Excellency, President Benigno S. Aquino, and in line with the Climate Change Act, DA has put in place adaptation strategies to cushion the impact of extreme weather conditions,” Agriculture Secretar y Proceso Alcala said in a statement. Through the DA, the

sanctions against Russia, which will be a serious test of cohesion within the Union. Already, there are voices in Italy and Hungary questioning the meaning of the economic sanctions imposed after the annexation of Crimea. Ukraine, Georgia, and Moldova have been invited to Riga for a summit in May organized by the Latvian presidency. Russian President Vladimir Putin, according to Rinkevics, will keep trying to test NATO. “We must be extremely careful.” Latvian Foreign Minister Edgars Rinkevics said in an interview, that the EU and NATO will have to develop an appropriate response to Russia’s actions in Ukraine in 2015. “We need political dialogue with Russia, but because of his aggressive behavior also a kind of containment,” he said. Also here, I agree! In Brussels, the European Commission has made plans to commit to a diet in 2015 and cut down on bureaucracy, while continuing to bring relevant legislative proposals to the parliament. Empty words? Whether it will succeed remains to be seen; parliamentarians have already been protesting against plans to dilute or reject entirely certain environmental laws. Climate politics will play a

government will be setting up 153 automatic weather st at ions in ag r ic ultural production areas to give weather advisories to food producers, Alcala said. “These stations will serve as source of information so they will know when and how to plant on a particular season,” he added. The Agriculture chief added that the government has been working non-stop to develop climate-resistant food varieties. Aside from super rice, re s e arch ce nte rs und e r DA have been developing drought-, flood-, and salinity-

resistant rice varieties. In the third quarter, the Philippine output grew at a slower pace to 5.3 percent, falling to the fourth place among the fastest growing economy in Asia. One of the main reasons for the slowdown was the contraction of the agriculture sector by by 2.7 percent on losses registered in subsectors of palay, corn, coconut including copra were the adverse impact of Typhoons Glenda and Luis, the onset of habagat earlier this year, as well as the lingering effects of killer Typhoon Yolanda late last year.

PCA board orders alleged overpriced fertilizer contract probed THE Philippine Coconut Authority (PCA) board ordered an administrative probe into alleged overpriced contract of fertilizers for trees infested by coconut scale insects, the regulator said. It designated the board audit committee to investigate the chairman and members of the PCA Bids and Awards Committee (BAC) or those who may have been be involved in the alleged overpriced contract. “The BAC was asking us to approve a contract that could be overpriced by P10 million during the last board meeting,” Presidential Assistant for Food Security and Agricultural Modernization and PCA board chairman Francis Pangilinan said. The BAC “immediately recommended” a rebid when

concerns over the price of the contract were raised. The PCA is set to procure 39,000 bags of 210-0 Ammonium Sulfate for trees infested by coconut scale insects in Region IV-A or Calabarzon. The price approved by BAC is P751.85 per bag. However, PCA director Oscar Garin “raised concerns” as the price of fertilizers in Iloilo is less than P600. Pangilinan has confirmed with industry players that a fertilizer is currently selling for less than P500 per bag. “With that amount, an additional 20,000 bags of fertilizer would have been purchased and thousands more of farmers would have benefited. This is totally unacceptable,” Pangilinan said.

central role in Europe at the end of the year, when Paris hosts the UN climate change conference in December. The EU is committed to setting binding targets to reduce greenhouse gases. Not only the disasterprone Philippines are looking very much forward to it. Happy

New Year 2015 again to all of us - also from this corner! +++ Email: doringklaus@gmail or follow me in Facebook or Twitter or visit www.germanexpatinthephilippines.blogspot.com or www.klausdoringsclassicalmusic. blogspot.com.

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Plant... from page 1

In a press statement, the Ayala Group said it has secured additional funds for the project, a development that brings the firm on track with the project as well as with its target to have 1,000 MW in its portfolio by 2016. Through its power arm AC Energy Holdings, Inc. (AC Energy), the company said that since it already has needed fund, the first phase of the 4x135MW coalfired power plant can begin construction within the first quarter of this year. The project, in total, was estimated to cost $1 billion is expected to be operational by 2017. T h e p l a nt i s b e i n g developed by GN Power Kauswagan Ltd. C o., a limited partnership among AC Energy, the Philippine Investment Alliance for Infrastructure (PINAI) fund, and Power Partners Ltd. Co. Once the project starts operation, it would bring AC Energy’s attributable capacity to over 700MW, bringing Ayala Group closer to attain its 2016 goal of reaching 1,000 MW attributable capacity of power plants. Aside from this project, AC Energy is also involved in the development of a 2 x 600MW power plant in Bataan beside the existing GN Power Mariveles plant, which is 17-percent owned by AC Energy. The new power plant has yet to achieve financial close, which is targeted this year.

Loan... from page 1

Young Allaniel Bumanglag, manager of UCPB-Surigao told MindaNews Friday they have convinced SMWD to borrow P202, 759, 963.14 after offering the lowest interest rate. Dr. Bernardo T. Mora Jr., the chairman of the Board of Director of SMWD said they are so thankful to the UCPB for giving them such interest rate. “No ot he r f i nanc i a l institutions surpassed their offered to us, not even the Local Water Utilities Administration (LWUA),” he said. Mora said the amount borrowed from UCPB will be used to pay the water district’s p202-million loan from LWUA. He said that in 2000 the SMWD obtained a loan of P250 million from LWUA for its projects which is payable in 25 years, and began paying P2.3 million every month since 2004. He said they wanted to pay the loan with LWUA in full with the amount loaned from UCPB in order to save over P200 million, adding they could be debt-free in 10 years. E n g r. B e n j a m i n R . Ensomo Jr., general manager of SWMD said this initiative taken by its board of directors will boost their capability

for future projects to meet the fast-growing demand for potable water in the city which has now ballooned to 21,000 households from 16,000 in 2010. Meanwhile, heavy rains caused a landslide near the reservoir of SMWD causing an interruption in water service Saturday. Ensomo said their pipelines in Ouano Ceniza Heights in Barangay Washington were cut off affecting water supply in the Barangay Taft, Washington, San Juan, Sabang, Cagniog, Togbongon, Luna, Bonifacio and Rizal. He said they immediately dispatched their personnel to repair the damage pipes and service was restored by 1:30 p.m. Saturday. “Low lang ang pressure hinuon pero we are doing our best to fix this as quick as we can,” he said. Residents here had been complaining about the water supply in the past few days because of the interruptions. Surigao City had been experiencing heavy rains since late December causing the water supply to be murky. Water concessionaires in the city have been relying on surface water such as creeks and streams. (Roel N. Catoto/ MindaNews)

BBL... from page 1

Sayyaf irrelevant. Miriam Coronel-Ferrer, chair of the government peace panel said it would be unfair to pin all hopes on the BBL since there are other factors to consider, for example, how to deal with the splintered Moro National Liberation Front. Ferrer added that while the process of legislating the BBL may appear slow it is much faster than the passage of the Reproductive Health Act and the Freedom of Information Bill, among others. She commended both the House of Representatives and the Senate for having held several consultations on the BBL. Iqbal, who also chairs the Bangsamoro Transition Commission (BTC), said they are hoping for a “resounding endorsement” of the BBL, citing their “trust in the collective wisdom to pass the BBL.” “Let us not waste the opportunity to establish peace in Mindanao,” he said as he appealed to media to push Congress to do its job. He added that media, for sure, is interested in stories other than war. Both panels are expecting Congress to pass the BBL within the quarter to achieve the timetable of having the Bangsamoro government set up by 2016. On unity in the Bangsamoro, Ferrer said that would be the task of the regional government. For his part, Iqbal said they “hope for the best” in reaching out to their

constituents. Ferrer said the feats achie ve d by t he p e ace process in 2014 reflected the trust and confidence that was built, reciprocated and sustained through the years of negotiations. “We want that trust and confidence should be stronger as we move along…and ensure that all the elements of the comprehensive agreement will be put in place,” she added, citing that such trust and confidence showed in the statements and actions of both panels in different aspects of the agreement. Ferrer admitted however that based on the results of com m itte e he ar ing s conducted by Congress there is a need to fine-tune the BBL to ensure that it would pass judicial scrutiny. She said both Houses of Congress have scheduled committee hearings and meetings with governors in affected areas within the month. Among the issues raised in the roundtable discussion was the need to prolong the transition period. Lawyer Jesus Dureza, president of the Philippine Press Institute and formed chair of the government peace panel, said it should provide enough time for the MILF to “mature politically”. The MILF last month o r g a n i z e d t h e Un i t e d Bangsamoro Justice Party in preparation for the first elections for the autonomous government. Decommissioning Ferrer noted that the MILF decommissioning process has been hampered by the lack of guidelines. Iqbal said the decommissioning process would follow the Irish Republican Army model, that is, MILF weapons will not be surrendered but merely deposited to a third party. He added the pace of the process will depend on the progress of implementation of political reforms and other terms of the peace agreement. Lawyer Benedicto Bacani of the Institute of Autonomy and Governance said the process of pushing political and legal reforms is slow and must be viewed within the larger picture. He said it must be put a l ong s id e t he go a ls of attaining respect for identity, addressing instability, and the Bangsamoro’s right to self-determination. “We need to have faith and support the peace process and continue to push for reforms,” said Bacani, who is a member of the Panel of Independent Lawyers supporting the BTC. Datu Al Abdulla Camlian, a BTC member and a military leader of the MILF, appealed for support to a good BBL that would prevent a resurgence of conflict. Camlian said the MILF’s decision to enter into a peace agreement with government showed their interest to settle for autonomy not independence. “We are not seeking

independence. We remain citizens of the Philippines,” he added. After the passage of the BBL it will be ratified in a plebiscite in the proposed Bangsamoro region. The outcome of the plebiscite will determine the geographical scope of the Bangsamoro. After ratification of the BBL, the ARMM is deemed abolished and the BTC will be replaced by the Bangsamoro Transition Authority which will serve as the interim government in the run-up to the first regional election in 2016. The forum was organized by MindaNews in partnership with the Embassy of Canada, BTC, Conciliation Resources, European Union and Philippine Information Agency. MindaNews held a similar activity in September 2014 at the Ateneo de Manila University in Quezon City. A n ot h e r rou n dt ab l e discussion on the BBL with journalists will take place in Cagayan de Oro City next month.

Aid...

from page 2

Deputy City Prosecutor; Sr. Assistant City Prosecutor; and Assistant City Prosecutor. The increase in the city’s assistance to some NGAs was supported by councilor Ramon Tabor, chair of the committee on police, fire and public safety and on laws and rules and councilor President Elipe, chair of the committee on finance, who presided over the budget deliberations, and other legislators.

Contest... from page 2

transform your life? The closing statement should be “Ako si _______, sa TESDA, sumaya ang buhay ko. Buhay n’yo, sasaya rin sa TESDA.” The contest will have three levels: provincial/ district, regional and national. Only the top two entries (one for each category) for each province/ district as determined by the respective provincial/district screening committees will be considered for the regional level of the competition. In the same manner, only the top two entries (one for each Category) for each region as determined by the respective regional screening committees will be considered for the national competition. Entries for the provincial/ district level may be submitted from January 2 to 31, 2015. Cash Prizes, trophies and scholarship vouchers will be given to winners for best in story, best in video, people’s choice award and the grand Tatak TESDA award.

BenCy...

political slave driver. It may be good to remind these elected officials that it is foul to use the principles of separation of powers and check and balance to serve their political interest. The principle of check and balance does not mean that co-equal branches of government oppose each other all the time. Rather, they check on each others’ exercise of power to ensure that salus populi est suprema lex (The welfare of the people is the supreme law). Sadly, for the council majority, the welfare of the PURPLE is the supreme law. (The writer is a Cagayanon who is currently the associate editor of Cebu Daily News. Comments can be sent to bency.ellorin@gmail.com)

Support... from page 6

The program also promotes market linkages between agricultural producers and processors and provides capacity building support to st rengt hen far mers’ organization and enable them to meet product requirements of anchor firms. These anchor firms buy the pro duce of the participating cooperatives and farmers organizations, and provide technical assistance to improve productivity and product quality. The Bank’s new FSCP

partners this year include Davao-based Kennemer Foods International Inc. (KFII) which signed a cacao production and purchase agreement with Buenavista Land Owners Producers Cooperative (BLOPC) of Zamboanga City. Under the agreement, BLOPC will produce and exclusively s e l l it s c a c a o b e a n s t o K F I I b a s e d on a g re e d upon product quality and pricing conditions. Among other anchor firms that have existing Pro du c t i on , Te c h n i c a l , and Marketing Agreements (PTMAs) with Land Bank are: Bohol’s Marcela Farms and Soro-Soro Ibaba Development Cooperative of Batangas for integrated corn production and h o g f at t e n i n g ; D av a o’s S a g r e x Fo o d s , In c . f o r cardava banana production and pro cessing; Negros Occidental’s First Farmers Holdings for sugarcane production and milling, and General Tuna Corp. for fish production. Other projects currently b e i ng i mpl e me nte d are vegetable production, i nt e g r at e d c o c o nu t o i l production and processing, rice production and processing, integrated palay production and processing; integrated agricultural input; integrated broiler production; and feed production, hog fattening, and marketing.

Republic of the Philippines SUPREME COURT REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE File No. 2014-358 Upon Extra Judicial Petition for Sale under Act 3135 as amended by Act No. 4118. Filed by RCBC SAVINGS BANK, a corporation duly organized and existing under Philippine Laws, with principal place of business situated at 31st Floor RCBC Savings Bank Corporate Center, 26th and 25th Sts., Bonifacio Global City, Taguig City and with branch office situated at Carmen, Cagayan de Oro City, against SPS. MARJARIE N. DELA ROSA and RUDYVONN D. DELA ROSA , both of legal age, husband and wife and residents of 0795 Zone Taurus Suarez ,Iligan City , to satisfy the mortgage indebtedness which as of November 14, 2014 amounts to ONE MILLION FIVE HUNDRED EIGHTY THOUSAND ONE HUNDRED EIGHTY NINE & 20/100 ( P 1,580,189.20), Philippine Currency, inclusive of interest and penalty charges, exclusive of attorney’s fees and other necessary fees and expenses of Extra-Judicial Foreclosure and Sale , the undersigned Sheriff will SELL at Public Auction on February 6, 2015 at 10:00 o’clock in the morning or soon thereafter at the main entrance of RTC Branch 40, A. Luna St., Capitol Compound, Cagayan de Oro City, to the Highest bidder, for CASH and in Philippine Currency, the real property mortgaged together with all improvements thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. 137-2012001049 Registered in the name of SPS. MARJARIE N. DELA ROSA and RUDYVONN D. DELA ROSA “ A PARCEL OF LAND ( Lot 6, Blk. 9, PSD-10-060565 Portion of Blk. 10, PSD-10-042845) situated in Lumbia, Cagayan de Oro City, Bounded on x x x , Beginning at x x x; CAD 237; containing an area of ONE HUNDRED SIXTY TWO (162) square meters more or less.” Prospective buyers/bidders may investigate for themselves the title herein-above described and encumbrances thereon, if any there be. All sealed bids must be submitted to the undersigned on the abovestated date, time and place. In the event the public auction should not take place on the said date for whatever reason, the same will proceed on the following working day, without day, without further notice, posting and publication. Cagayan de Oro City, December 22, 2014.

from page 4

It may be good to remind these elected officials who use color purple as their symbol that their social contract is with the people and not their

FOR THE EX-OFFICIO PROVINCIAL SHERIFF BY: ALLAN M. BANAAG Sheriff BWM: Jan. 5, 12 & 19, 2015

monday|JANUARY 12, 2015

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(from left)Provincial Director, DTI-Misamis Oriental Ma. Eliza A. Pabillore, Misamis Oriental Governor Yevgeny Vincente "Bambi" Emano, Centrio Ayala Mall marketing officer Loren Yasay, DOT-10 Regional Director Catalino "Butch" Chan III, and Regional Governor for Region X of the Philippine Chamber of Commerce and Industry (PCCI) Tony Uy in the ceremonial cutting of the ribbon to formally open "Big Bite" The Northern Mindanao Food Festival at the Centrio Ayala Mall, Cagayan de Oro City, January 9. Photo by Shaun alejandrae Yap uY

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

Ms jiezl rosales, a performer for the Misamis Oriental dance Troupe (also know as the Opol Theatre Guild), carries a “Kuyamis” fruit as their company danced to the official festival song of Misamis Oriental’s Kuyamis Festival during the opening of Big Bite The Northern Mindanao Food Festival at the Centrio Ayala Mall, Cagayan de Oro City, January 9. The Opol Theatre Guild is directed by TanTan Sapio. Photo by Shaun uY

Big Bite NorthMin Food Festival kicks off at Centrio Big Bite Northern Mindanao Food Festival, the region’s biggest food festival kicked off at the Centrio Ayala Mall, Cagayan de Oro City, January 9. This food festival aims to promote the best foods and other products of Northern Mindanao. Big Bite showcased Misamis Oriental’s Kuyamis Festival,

Green Bukidnon, Food Basket of Mindanao and The Bounty of the Sea and culminates Sunday January 11 featuring the foods and dishes of Camiguin, Iligan and Misamis Occidental. Celebrity Chefs Marvin Agustin Boy Logro and Jeric Gonzales also graced the 3-day food festival much to the delight

of the mall goers and shoppers. Centrio shoppers were also encouraged to join in on the festivities as shoppers got a chance to win the golden raffle to the Big Buffet held every night from January 9-11 at the Centrio Gardens, 80 shoppers a day were randomly chosen to win.

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SM Accessories takes 2015 in a desert storm with the pre-summer collection of 2015. See Anne Curtis, Xian Lim, Georgina Wilson, Enrique Gil, Julia Barretto, Kathryn Bernardo and Daniel Padilla venture into the wild with pieces that merge style and function. Animal prints and bold chains from WWW dominate the ladies’ line, combined with soft tones of pearls and fur. Indulge in multipurpose scarves that can be used in various ways—from hat and bag accents to turbans to a stylish sarong. Find your pair with eyewear in all shapes, colors and sizes for you to take around all year long.

Some Products on display

Layer bangles and necklaces and transform any outfit in an instant. Combined materials such as leather and tweed from MSense take over the men’s line, from stackable arm swag to utilitarian backpacks and messenger bags for everyday use. The hues of army green, brown and black both camouflage yet make you stand out, perfect for easy mixing and matching. Start the year right with all the right pieces you need in that wardrobe, and conquer your best year yet with SM Accessories. All items are available in SM Stores nationwide.

(from left) Division Chief, DTI-X Liza Alcantar, Provincial Director, DTI-Misamis Oriental Ma. Eliza A. Pabillore, Centrio Ayala Mall marketing officer Loren Yasay, Misamis Oriental Governor Yevgeny Vincente "Bambi" Emano, Regional Governor for Region X of the Philippine Chamber of Commerce and Industry (PCCI) Tony Uy, DOT-10 Regional Director Catalino "Butch" Chan III pose for posterity during the opening of Big Bite - The Northern Mindanao Food Festival at the Centrio Ayala Mall, Cagayan de Oro City, January 9. Photo by Shaun alejandrae Yap uY

Misamis Oriental Governor Yevgeny Vincente "Bambi" Emano performing the ceremonial opening of the Kuyamis fruit during the opening of Big Bite - The Northern Mindanao Food Festival at the Centrio Ayala Mall, Cagayan de Oro City, January 9. Photo by Shaun uY

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Dermax Laser Center opens top-of-the-line concept store in CDO Story by ChRiStiNe h. CABiASA Photos by ShAUN AleJANDRAe YAp UY

agay-anons can now experience state-of-theart technology-focused skin care services and products as DERMAX Laser Center opened its first ever top-of-the-line concept store in Centrio Mall, this city on January 8, Thursday. DERMAX Laser Center is a skin care company that offers innovative and science-based skin care products and procedures that aims to provide customers with personalized treatments to reveal your best skin. According to Mr. Fred Reyes, chief executive officer DERMAX uses only the best, latest and the safest ingredients at its clinical strength, definitely at par with the world’s best skin care products. “The latest in cutting-edge technology are available at DERMAX Laser Center and our clientele will get to enjoy the latest in skin care innovations through our specialized treatment procedures such as anti-aging, skin whitening, tattoo removal, and our highly popular Diode laser hair removal service,” Reyes said. DERMAX Professional, the exclusive skin care brand of DERMAX Laser Center offers the latest in technology strengthened by the science of nanoencapsulation that enhances the efficacy of natural active ingredients and promises optimal absorption to bring out clientele’s best skin. These include products of anti-aging, skin moisturizing and nourishing, anti-acne, facial cleanser, skin whitening, underarm whitening, UV Sunscreens, undereye repair, insect repellent, and lip plumper. DERMAX Professional’s own proprietary

DerMaX Laser Center Dermatologist, Dr. Monica Felise Sabal explains how their machine work and how the intricacies of the laser treatment with blogger “Phoebe” as our model. Centrio Mall, January 8.

Mr Fred C. reyes, Chairman & Ceo of DerMaX Laser Center, together with Dermatologist Dr. Monica Felise Sabal answers questions from the media and bloggers in attendance during the press conference held at Mesa restaurant at Centrio Mall, January 8.

DerMaX Professional Sunscreen products and other skin care products are available at the DerMaX Laser Center at Level 3, Centrio Mall. (Supplied photo)

Glutathione capsule, Glow carries Vitamin C and Alpha Lipoic Acid that provides three remarkable benefits of anti-oxidant, immune system booster and skin lightening. “Before we had cost limitations to contend with when formulating mass market products but now with DERMAX, we have no such cost constraints as our only aim is to delight our customers,” Reyes added. Mr. Fred Reyes, a multi-awarded chemist is the recipient of the 2008 Achievement Award conferred by the Philippine Federation of Chemistry Societies and the 2011 Outstanding Professional Award in Chemistry from the Professional Regulations Commission. You can visit DERMAX Laser Center at Level 3, Centrio Mall. Doctors are available daily for consultation and services with well-versed skin consultants who are fully trained nurses with years of experience in providing the best service every client deserves. Come and experience the science of nanotechnology only at DERMAX Laser Center!

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