BusinessWeek Mindanao (January 15, 2014)

BusinessWeek MINDANAO

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Volume IV, No. 50

Market Indicators

As of 5:46 pm jan. 14, 2014 (Tuesday)

FOREX

PHISIX

US$1 = P44.81

5,935.56 points

21 cents

X

5.11 points

X

Briefly Davao’s P3B projects THE national government has approved priority projects in Davao Region worth about P3 billion for 2014.

National Economic and Development Authority (NEDA-11) regional director Ma. Lourdes D. Lim said the funding has been included in the Government’s Appropriation Act for 2014.

She said projects that have been lined up as priority must be planned, reviewed, validated and be covered with appropriate funds for implementation in the current year.

Lim mentioned that among the priority projects this year are road networks to include among others, the DavaoCotabato Road, High Standard Highway Network in TagumDavao-GenSan Corridor, Davao-Bukidnon Road and Kapalong-Talaingod-ValenciaBukidnon Road. (PNA)

Internet rules THE Cagayan de Oro City Council committee on education enjoins all operators of internet cafés to review, study and follow all the provisions stated in Ordinance No. 7820-2001.

Councilor Adrian Barba, chair of the committee, explained the ordinance prohibits owners or persons in-charge of internet cafes from allowing minors to play computer or video games inside their establishments from 7:00 a.m. to 7:00 p.m. during school days.

Barba recalled that when he conducted spot inspections at some internet cafes, operators found violating the ordinance simply reasoned out that they were not informed of such law.

The councilor said during the ongoing renewal of business permits, operators should also be reminded of their social responsibility to their clients, especially those in the elementary school levels.

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P15.00

Mindanao consumers to get P180-M refund

By GRACE BEBER Staff Writer

DA builds PH’s longest tram line in MisOr town

E

LECTRIC co op eratives in Mindanao that source their power needs from power barge operator Therma Marine Inc. (TMI) will begin receiving refund this month amounting to P180 million as a result of adjustments made in rates for power delivered to them in 2011.

Based on the January 3, 2014 decision promulgated with finality by the Energy Regulator y Commission (ERC), TMI has been ordered to implement the refund within six months and likewise for power distributors to effect necessary adjustments to their respective consumers.

“It is the difference in the approved provisional power rate of the ERC and the latest final power rate, which was also approved by the commission,” Jovy Batiquin, president and chief operations officer of TMI, said in a statement.

A subsidiary of Aboitiz Power Corp., TMI operates two oil-fired power barges in Maco, Compostela Valley refund/PAGE 6

PLAYING IN THE RAIN. Children play and have fun in the flood waters after their homes got flooded in barangay Mahogany in Butuan City. The flood hit 15 barangays in the city. mindanews photo by erwin mascarinas

ARMM investments up by 157%

By IRENE DAYO, Staff Writer

INVESTMENT S in t he Autonomous Region in Muslim Mindanao (ARMM) rose by 157 percent registering over P1.4 billion by the end 2013 as compared to only P569 million in 2012 In a press statement, the Mindanao Development Authority (MinDA) said ARMM’s Regional Board of Investments (RBOI-ARMM) announced that the region hit

its second P1 billion mark, following 2011’s P1.6 billion. “ We a t t r i b u t e t h i s sig nif ic ant incre as e in investments to the signing of the Framework Agreement on the Bangsamoro [FAB] between the Philippine Government and the Moro Islamic Liberation Front [MILF],” said Ishak Mastura, Chairman of RBOI-ARMM. He a d d e d t h at t h e

agreement boosted confidence among investors in doing business in the region, because of the promise of peace and stability.

The RBOI-ARMM also announced that ARMM registered four new businesses last year with mineral development being the biggest contributor to the remarkable growth.

A Taw i - Taw i b a s e d c o mp a ny, A l - Taw i t aw i armm/PAGE 6

Public-private partnership eyed for Mindanao light rail project

By MINDANEWS

DRIED FISH. Assorted dried freshwater fish from Agusan Marsh are sold along the national highway in Bunawan, Agusan del Sur. Prices range from P50 to P100 per bunch, depending on the variety.

DAVAO City – The longproposed light railway transit project for Mindanao may be done as a public-private partnership, an official said.

In a presentation, National Economic and Development Authority regional director Maria Lourdes Lim said a public-private partnership scheme for the project is being

Mindanao Daily NEWS mindanews photo by keith bacongco

C L AV E R I A , M i s a m i s Oriental -- The Department of Agriculture (DA) has constructed the longest tram line in the country in this landlocked town, known as the breadbasket of Misamis Oriental, an agriculture official said on Tuesday.

He r b e r t Pe nona , an Engineering Assistant of the DA’s High Value Crop D e v e l opm e nt P ro g r a m D i v i s i o n i n No r t h e r n Mindanao, said that the agriculture depar tment inaugurated the P6.6-million tram line last Saturday.

He said that DA designed the 2.2–kilometer long tram line to carry a 500-kilogram load to expedite the transport of various farm products from the remote farming villages toward the town’s center.

Penona said that the funds used in the construction of the tram line came from President Benigno Aquino III’s Food Security and Sufficienc y Program in partnership with the local government of Claveria.

The construction of the tram line started in 2009 with a design to connect the two farming villages of Luna and da/PAGE 6

eyed for the Davao region this year.

Davao Light and Power Co. (DLPC) chief operating officer Arturo M. Milan said the light railway project is only feasible through a publicprivate partnership.

Milan said that while a railway system would be expensive if city-funded, it

would not be the case if it is funded from national sources.

“Businesses should look at this as an investment into the future,” he said, adding it would accelerate development, especially in terms of the movement of goods and people.

“What is really needed for Mindanao to develop is a mass transport system,” he said. project/PAGE 6

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Angara wants financial literacy taught in schools MANILA – With the country’s business climate getting dramatic improvement, a senator has filed a bill mandating the Department of Education (DepEd) to make financial literacy learning an integral part of secondary

education. ”Filipinos, especially the young generation, should also be taught in a formal setting the more proper ways how to handle their resources and how to make it grow,” angara/PAGE 7

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Economy

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Agus 6 hydro-power ‘uprating’ of plant commences this month CAGAYAN DE ORO CITY -- The Chinese firm that won the bid to rehabilitate two units of the Agus 6 hydroelectric power plant is expected to begin its task this month, the Power Sector Assets and Liabilities Management Corp.

(PSALM) said.

PSALM President and Chief Executive Officer Emmanuel R. Ledesma said the uprating is expected to be completed within 900 calendar days, which will commence this January.

“The notice of award for the project was already issued on Dec. 12, 2013,” Ledesma said.

China-based Guangxi Hydroelectric Construction Bureau was declared as the

lowest bidder for the deal to upgrade the two units of the plant after the firm made a P1.59-billion offer in an auction conducted on October 25.

Guangxi Hydroelectric is a large-scale contractor in China that engages in water conservation, hydropower construction, as well as construction of buildings, roads and bridges, municipal works, electric power, and foundation engineering, among others.

Two other groups had participated in the bidding for the project, but one of them failed the technical evaluation which is a prerequisite for proceeding to the financial phase.

The other group that was qualified to proceed with bidding -- the joint venture of HydroChina ZhongNan Engineering Corp., Harbin Electric Machinery Co. Ltd. and BSP & Company, Inc. -- submitted a higher bid of P1.68 billion.

Eight groups had earlier expressed interest and bought bid documents for the project.

Besides the firms already mentioned, the other interested parties were: Alstom Philippines, Inc.; China International Water

and Electric Corp.; Kaltimex Energy Philippines, Inc.; PHP Philippine Hydro Project, Inc.; Vicente T. Lao Construction; and Zhejiang Fuchunjiang Hydropower Equipment Co. Ltd. The uprating project is designed to increase the power output of the first and second units of the Agus VI plant to 34.5 megawatts (MW) each of 25 MW currently.

“The project will include the investigation, design, engineering, manufacturing, installation, testing and commissioning of the new hydro power turbines and blades of the two Agus VI power units, as well as replacement of electrical equipment, materials and devices necessary for the safe and reliable operation of the power facilities,” PSALM had said.

The 200-MW Agus 6 runof-river hydro plant is located in Iligan City, Lanao del Norte.

The plant consists of two units with a combined capacity of 50 MW, and three units with total capacity of 150 MW. The power plant, in turn, is part of the Agus-Pulangui hydro power facility, which provides more than half of Mindanao’s current electricity capacity. (PNA)

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AirAsia is Asia’s Best Managed Company

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Run to Your Fear THINK

hink a minute…My younger son has always had a terrible A Minute fear of fast roller coasters. Those By Jhan Tiafau Hurst rides at amusement parks and fairs that zip around so fast that the people riding them scream the whole way. But recently, my son decided he was going to ride one no matter how afraid he was. He forced himself to sit next to me on the roller coaster, and I could almost hear his heart beating and racing he was so scared.

To tell you the truth, that roller coaster was almost too fast for me! When the ride was finally over and we were leaving, my son was so happy and proud of himself. He kept saying again and again: “Dad, I conquered my fear!”

One of the important secrets to success and happiness, which many people don’t know, is that on the other side of our fear is a much better life for us. It’s only when we face and conquer our fears that we get past them and are free to reach our potential.

The great army general, George Patton, said: “Fear kills more people than death.” You see, death kills us only once, but fear kills us over and over again. “It’s better to face danger one time than to live in fear your whole life.” Our fears will just keep chasing us as long as we keep running from them.

A wise man says: “Fear is a warning signal, not for us to close our eyes, but for us to open them wider, so we can face our fear head on to conquer and defeat it.” But if we keep closing our eyes to our fear so we can just stay in our comfort zone, then we’ll end up “buried alive in our comfort zone,” and never really live life to the fullest.

Someone said: “The biggest part of courage is having done it before.” Remember, there’s a first time for everything—whether it’s riding a bike, starting your own business, or public speaking.

There’s no greater feeling of accomplishment and success than running right at your fear and coming out on the other side of it, knowing you beat it. So for your own success and happiness, you can ask Jesus Christ to come into your heart and take control of your life. Then, when you know that God Himself is on your side, there’s absolutely no one or nothing to be afraid of. With His love and power inside, you can run right through your fears to the great life He has ready and waiting for you.

Just Think a Minute…

AirAsia Berhad CEO, Aireen Omar receiving the ‘Best Managed company in Asia for the Airlines & Aviation sector’ winner’s certificate from Marcus H. Langston, Euromoney Magazine Regional Head – Asia.

AirAsia is Asia’s Best Managed Company two years in a row!

Voted by leading equity analysts from investment banks & research houses across Asia Pacific region

Leading international magazine Euromoney has once again named AirAsia Berhad as the winner of the ‘Best Managed company in Asia for the Airlines & Aviation sector’, for the Euromoney ‘Best Managed and Governed Companies – Asia Poll 2014’.

AirAsia was the winner of the same accolade in 2013, a tribute to the company’s focus on integration and expansion and excellent corporate foresight of the aviation industry.

The poll is based on replies received from a total of 93 of the leading equity analysts at the largest investment banks and research houses in the Asia Pacific region nominating a total of 214 different companies.

Analysts were asked to name which companies were the most impressive across a number of factors including; management accessibility, accounting transparency and corporate governance procedures amongst others.

Analysts praised AirAsia for its leading role in promoting transparent communication to investors, citing that “the company has a clear strategy and good visibility”. Analysts also noted that

D

SPECIAL FEATURE “AirAsia senior management continues to demonstrate prudent gearing, transparency, good governance and clear articulation of strategy.”

Tony Fernandes, AirAsia’s Group CEO commented, “It is great to be voted best managed company as it typifies our strength in ensuring cost is lowered and in the same time find innovative ways to increase revenues. Our focus is really to ensure analyst and investors fully understand the strength of the company in overcoming challenges by being innovative and cost discipline in our business.”

This is the 15th annual ranking of the Best Managed and Governed Companies in Asia that Euromoney has published and is seen as the benchmark survey of the opinions of equity analysts in the region.

Clive Horwood, Editor of Euromoney Ma g a z i n e , s a i d , “ T h e c ont i nu i n g prominence of Asia in global markets has created new growth opportunities for Asian companies. Through our annual survey, leading analysts covering Asia across all sectors have rewarded well governed institutions for sound financials and transparent relations with an increasingly wider investor pool.”

Subscribers to Euromoney can access all

of the rankings online at www.euromoney. com. bout Euromoney Magazine Euromoney Magazine is the flagship title of London based financial communications company Euromoney Institutional Investor PLC. Founded in 1969 by Sir Patrick Sergeant, Euromoney Magazine is the voice of the international capital markets and for 44 years has offered unparalleled coverage of the global bond, equity and foreign exchange markets Euromoney Institutional Investor PLC is a constituent of the FTSE-250 index and is listed on the London and Luxembourg Stock Exchanges.

About the AirAsia Group AirAsia, the leading and largest low-cost carrier in Asia, services the most extensive network with 87 destinations. Within 12 years of operations, AirAsia has carried over 200 million guests and grown its fleet from just two aircraft to over 150. The airline today is proud to be a truly Asean (Association of Southeast Asian Nations) airline with established operations based in Malaysia, Indonesia, Thailand and the Philippines servicing a network stretching across all Asean countries as well as China, India and Australia. AirAsia was named the World’s Best Low Cost Airline in the annual World Airline Survey by Skytrax for five consecutive years from 2009 – 2013 and the ‘World’s Leading Low Cost Airline’ at the 2013 World Travel Awards.

When Micro Means Big

uring the holiday season, some of us might have used the phrase “big things come in small packages” to describe the gifts we gave to or received from friends and loved ones. Indeed, there are times when things that seem little and invaluable can create an impact greater than what their appearance would tell.

Such is the case of microfinance, deemed by the national government as one of the key strategies in solving poverty in the Philippines.

Microfinance offers financial services that are within the means of the low-income sector. Requiring simpler documentation, microfinance encourages and enables people to start businesses or to save for the future.

Although it would not bring instant wealth or security to poor families, it provides the necessary push and support for them to develop discipline and confidence towards attaining financial independence. It’s definitely a big help for those starting at the bottom and with almost nothing.

Ester Lumbo from Negros Occidental, one of the winners at the 2010 Citi Microentrepreneur of the Year Awards, would surely agree. With the help of Php 3,000 she loaned from a microfinance institution, she was able to grow her bag and handicrafts business. Her products are being sold now in as far as Cebu and even Hawaii.

Based on the report on the state of financial inclusion in the Philippines by the Inclusive Finance Advocacy Staff

(IFAS) of the Bangko Sentral ng Pilipinas (BSP), more and more Filipinos are going to O ut

By Ignacio Bunye microfinance to better their lives.

In fact, there was a 191 p e r c e nt g r o w t h a m o n g microfinance borrowers from 2002 to 2012. In 2012, 1.37 million Filipinos were given a chance to start or grow their small-to-medium enterprises using about Php 8.4 billion worth of microfinance loans.

They also began to save more as the 64 percent increase in microfinance savings from 2011 to 2012 would show.

The Bangko Sentral ng Pilipinas (BSP) been tracking the growth of microfinance in the recent years, at least in so far as the banking system is concerned.

It is important to note, however, that there are also private and non-government institutions offering microfinance, so there may actually be more Filipinos in rural and far-flung areas that are able to access and benefit from microfinance products and services. bunye/PAGE 7

SPEAKING

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

Motoring

DETROIT AUTO SHOW 2014

Chevrolet lays down racing challenge with new Corvettes C H EV ROL E T u nve i l e d a pair of hyperpowered Corvettes Monday aiming to carve a place among global supercars and vanquish rivals like Porsche’s 911 on the endurance racing circuit.

Calling it “the big nasty,” Mark Reuss , General Motors’ new head of global product development, introduced the street-legal 625 horsepower Corvette Z06 as “America’s supercar” at the Detroit auto show.

Next to that was the Z06’s meaner sister, the C7.R GM hopes will dominate the Rolex 24 at Daytona later this month as well as the Le Mans 24 hour classic.

Based on the seventh generation Chevrolet S t i n g r ay i nt r o d u c e d a year ago, the two high performance racers were developed closely in parallel, Reuss said, stressing the Z06’s

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wednesday|january 15, 2014 Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region BRANCH 39 Cagayan de Oro City

IN RE: PETITION FOR NO. 2013-001

NATURALIZATION CASE

DAVID BABATUNDE HASAAN Petitioner, X----------------------------------------/ ORDER (RE: Initial Hearing) On May 31, 2012, petitioner David Babatunde Hassan filed a Petition for Naturalization under Commonwealth Act (CA) No. 473, otherwise known as the Revised Naturalization Law, as amended. track-ready abilities even if the C7R is now the official racing machine of GM, the parent of Chevrolet.

They share an allaluminum frame and a chassis much stiffer than their predecessors.

“The family DNA is more than skin-deep,” he said.

“The Z06 and the C7.R were in fact developed together.”

The ZO6 will only be

available at the beginning of 2015, and the pricing has not been set.

GM trumpeted the Corvette’s dominating record on the GT circuit in the United States, and said it will field two C7.Rs this year, starting with the January 2526 52nd Rolex 24 at Daytona.

“Racing motorsports and winning is a part of who we are,” said Reuss.

2014 Kia Cadenza named ‘International Car of the Year’

KIA Motors America (KMA) is proud to announce that Road & Travel Magazine (RTM) has named the 2014 Kia Cadenza as the International Car of the Year (ICOTY) at the 2014 North American International Auto Show (NAIAS) in Detroit.

The all-new 2014 Cadenza’s stunning design combined with premium amenities and impressive value propelled the Kia brand into the premium sedan segment, and the ICOTY award adds to the growing list of accolades the

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Cadenza has earned since its launch in early 2013.

The award marks backto-back victories for Kia as

the 2013 Optima mid-size sedan was honored by RTM with the ICOTY award last kia/PAGE 7

School Heads Instructional Competence: It’s Impact to Quality Education By: Ethelinda P. Saura School In-charge/ Casilihon Elementary School

Quality Education lies in the ability of the school heads to orchestrate the institution and guide the teachers to become competent in their work. Failure of the school head to supervise is deleterious to pupil’s performance and a catastrophe in attaining quality education. The adeptness of the leader to carry out its functions in instructional supervision will contribute greatly in attaining students’ success.

Wh at i s t he n an i nst r u c t i on a l supervision? It is indeed a process in which school head serves as the guiding light of the teacher in directing his work in improving teaching competence. On the other hand, act as mentor and coach, meaning that school head teach and guide the teacher in the right way moving in one direction towards teaching effectiveness.

Moreover, coaching is helping them to sharpen their skills and develop proficiency in teaching. It is believe that constant practice makes perfect, so that’s why school leaders are urged to monitor constantly the teacher’s activities in the classroom to ensure that quality education is achieved.

On the other hand, quality education is quality instruction, nonetheless, poor instruction is attributed to low academic performance of pupils. Therefore, school heads shall supervise strictly and give assistance in order to improve instruction thus redound to quality performance.

Poor school performance is always associated with poor supervision and ineffectiveness of the school head to manage the institution. In other words, teachers and school head shall work together harmoniously in one direction to attain the desired learning outcomes, in effect culture of excellence is practically accomplished.

Finally, to attain quality education it is necessary that the school head has the ability not only in leading the institution but as well as in instructional supervision.

A well-guided teachers most likely achieve better that those lenient and no cares attitude of leaders. In view thereof, both shall work hand-in-hand in order for the institution to propel successfully in quest for quality education.

Before the Court could act on the aforesaid Petition, petitioner filed an Amended Petition for Naturalization; alleging in his Petition: that he was born on June 19, 1968 at Lagos City, Nigeria; he is a citizen of Nigeria; he currently lives at Block 19, Lot-25, Phase-III-B Villa Trinitas, Bugo, Cagayan de Oro City; he arrived in the Philippines on March 29, 2005 aboard Qatar Airlines Flight QR 646; he is a pastor and is married to a Filipina named Emilie Roselle D. Ginete; he possesses all the qualifications required under Section 2 of CA No. 473, as amended; he is more than 21 years old and has resided in the Philippines continually for seven (7) years since his marriage to Emilie Ginete; he is a person of good moral character and believes in the principles underlying the Philippine constitution and has conducted himself in a proper and irreproachable manner during the entire period of his residence in the Philippines in his relation with the constituted government as well as with the community where he lives; he is able to speak, read and write English and likewise knows how to speak, read and write Filipino and any of the principal languages in the Philippines; he is not opposed to organized government or affiliated with any association or group of persons who uphold and teach doctrines opposing all organized governments; he is not defending or teaching the necessity or propriety of violence, personal assault, assassination, for the success or predominance of their ideas; he is not a polygamist and has not been convicted of any crime involving moral turpitude; he is not suffering from mental alienation or incurable contagious disease and has mingled socially with Filipino during the period of his residence in the Philippines and has evinced a sincere desire to learn and embrace the customs and traditions and ideals of the Filipino people; he is a citizen of Nigeria who is not at war with the Philippines and whose laws grant Filipinos the right to become a citizen or subjects thereof; he has declared his intention to become a citizen of the Philippines under oath pursuant to Sec. 5 of the Commonwealth Act No. 473, otherwise known as the Revised Naturalization Law; his intention is in good faith to become a citizen of the Philippines and to renounce absolutely and forever all allegiance and fidelity to any foreign state or sovereignty when his Petition is granted, particularly to Nigeria of which he is at present a citizen or subject and he will reside in the Philippines from date of filling this Petition up to this admission to Philippine Citizenship.

Attached to the petition are photocopies of the following: his Identification Card as a Licensed Minister under Deliverance Power Center Ministries, Inc. (Annexes “A and “A-1”) Identification Card as member of the Cagayan de Oro Evangelical Ministers, Inc., as (Annexes “B” and “ B-1”), Diploma for the Degree of Ministry by the All Nations Seminary as Annex “C”, Nigerian Passport No. A2755427 as Annexes “D” and “D-1”, Alien Certificate of Registration No. F0000102567 as Annexes “ E and “E-1”, Affidavit of Loss of all his pertinent documents as Annex “F”, Joint Affidavit of Paul de la Cruz and Crisostomo C. Zamora, Jr., regarding the fact of the loss of all documents of Petitioner as Annex “G”; Certificate of Marriage to Emilie Roselle D. Ginete on May 27,2005 at Bugo,Reyes,Subdivision,Cagayan de Oro City as Annex “H”. Certificate of live Birth of Emile Roselle D. Ginete as Annex “I”, Affidavit of the Incumbent Barangay Chairman of Barangay Bugo,Cagayan de Oro City, Raul M. Aleria and his Identification Card as such, as Annexes “J”, “K” and “K-1”, Affidavit of one of the Barangay Councilors of Barangay Bugo, Cagayan de Oro City, Ruby Jamero with her Identification Card and Community Tax Certificate; Annexes “L”, “M”, “M-1” and “N”; Sworn Declaration as Annexes “P”.

WHEREFORE, finding the instant Petition to be sufficient in form and substance, let this case be called for initial hearing in December 4, 2014 at 9:00 A.M. before this Court.

Accordingly, at the expense of the petitioner, let copy of the entire Petition for Naturalization and this Order be published once a week for three (3) consecutive weeks, in the Official Gazette and also in a newspaper of general circulation in Cagayan de Oro City and Province of Misamis Oriental, and posted at the main entrance of the Barangay hall of Bugo, Cagayan de Oro City, the City Hall Building, Cagayan de Oro City, the Provincial Capitol Building and in the Hall of Justice, Cagayan de Oro City.

Furnish copies of this Order, together with the instant Petition and it’s Annexes, to the Office of the Solicitor General, the National Printing Office, petitioner’s counsel on record Atty. Janeth G. Jatico- Nuñez and petitioner David Babatunde Hassan.

SO ORDERED. Cagayan de Oro City, December 12, 2013

(Sgd.) MARITES FILOMENA B. RANA-BERNALES

Presiding Judge BWM: Jan. 15, 22 & 29, 2014

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and Nasipit, Agusan del Norte and supplies large portion of Mindanao to complement the power supply gap that causes widespread brownouts in the island.

The TMI started to deliver power in 2011, basing its rates on the provisional authority granted by the ERC. But the ERC decided that the final rate should be lower than the provisional rate so the refund would be implemented without delay, Batiquin said.

Some 21 electric cooperatives and distribution utilities in Mindanao will benefit from the refund which was already implemented in the December 2013-January 2014 billing cycle.

They will get refunds equivalent to six equal months of payments, he said.

Batiquin encourages consumers in Mindanao to contact their respective local distribution utility and electric cooperative to determine how much refund will be given to them and the process for the refund.

Therma Marine supplies peaking power to its customers in the Mindanao grid, to complement supply coming from the National Power Corporation. It operates oil-fired power barges in Maco, Compostela Valley and Nasipit, Agusan del Norte. The two barges combine for 200-MW. The recipient electric cooperatives and distribution utilities include: Agusan del Norte Electric Cooperative, Agusan del Sur Electric Cooperative, Bukidnon Second Electric Cooperative, Camiguin Electric Cooperative, Cotabato Electric Cooperative, Davao del Norte Electric Cooperative, Davao del Sure Electric Cooperative, Davao Light and Power Company, Davao Oriental Electric Cooperative, Misamis Occidental I Electric Cooperative, Misamis Oriental

II Electric Cooperative, South Cotabato I Electric Cooperative, South Cotabato II Electric Cooperative, Sultan Kudarat Electric Cooperative, Surigao del Norte Electric Cooperative, Surigao del Sur I Electric Cooperative, Surigao del Sur II Electric Cooperative, Zamboanga City Electric Cooperative, Zamboanga del Sur II Electric Cooperative, Zambonga del Norte Electric Cooperative, Zamboanga del Sur I Electric Cooperative.

DA...

from page 1 Malagana in an effort to serve more than 200 farmers in the area, most of them growers of high-value crops, he said.

Among the crops that grow in the area are cabbage, Baguio beans, sweet potato, bananas, vegetable pears (Chayote or “Sayote”), sweet corn, tomatoes and other agricultural crops that grow in cold areas, Penona added.

The climate in Claveria is the coolest in Misamis Oriental. With its fertile soil and thriving agriculture, the town earned the moniker as the breadbasket in the province.

Penona said that the newly constructed tram line will only load half of its required capacity of eight trips daily in an interval of 15 to 30 minutes.

“We will study the flexibility and the sturdiness of the cable before we will decide if we will drive it to its full capacity,” he added. (PNA)

ARMM... from page 1

Nickel Corporation invested more than P700 million for a mineral development project in Tawi-Tawi, while a P365 million real estate investment was registered by the Bumbaran Development Corporation.

Other major investments recorded include the expansion of a banana plantation, and the establishment of an oil depot.

Mastura said the strong support

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 17 Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA- JUDICIAL SALE FILE NO. 2013-391 Upon extra-judicial petition for sale under Act No. 3135 filed

by LAND BANK OF THE PHILIPPINES, mortgagee, with branch office at Land Bank of the Philippines, New Bldg., 2nd Floor, Fortich St., Malaybalay City against SPOUSES DOMINICO AND TEOFILA LOJA, mortgagors-borrowers, residing at San Miguel, Maramag, Bukidnon and NENITA M. COMPASAN, DOMINICO LOJA., JR., and EDGAR LOJA, Co-mortgagors,all residing at Barrio San Miguel, Municipality of Maramag, Provoice of Bukidnon, to satisfy the mortgage indebtedness which as of September 30,2013, amounts to SIXTEEN MILLION NINE HUNDRED SIXTY THREE THOUSAND SEVENTY NINE PESOS & 74/100 (P 16,963,079.74), excluding penalties, charges,attorney’s fees and expenses of foreclosure, the undersigned or her duly authorized deputy will sell at public auction on February 12,2014 at 10:00 A.M. or soon thereafter at the office of the Clerk of Court, Regional Trial Court, Branch 17, Hall of Justice, Cagayan de Oro City to the highest bidder, for cash or manager’s check and in Philippine Currency the following property with all improvements, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-99982

“ A PARCEL OF LAND (LOT 19450-H, of the subdivision plan Psd-10-001105, being a portion of Lot 19450, Cad-369-D, Cagayan Cadastre Extension), situated in the Barrio of Agusan, City of Cagayan de Oro, Island of Mindanao. Bounded on the NE., along line 1-2 by Lot 19450-G; x x x …. Containing an area of One Hundred Twenty Two (122) square meters, more or less.”

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

In the event the public auction should not take place on February 12, 2014, for whatever reason, the public auction will proceed on the next 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 8,2014.

(Sgd.) FE O. BONTUYAN-BULARON

Sheriff IV BWM: Jan. 15, 22 & 29, 2014

of the local government units, reinforced by the ARMM regional government ensured investors “that doing business in ARMM is easy, safe, and profitable.”

“It’s worth noting that the more than P1 billion worth of investments recorded last year generated 1,743 jobs for the people of ARMM,” he added.

The ARMM government has also been offering both fiscal and nonfiscal incentives for new investments to attract more business ventures to the region.

“Governance reforms in ARMM has not only contributed to the overall peace and security situation in the region, but has also increased investor confidence as shown by this positive development,” said Chairperson of Mindanao Development Authority (MinDA) Luwalhati Antonino.

Antonino expressed optimism for ARMM to continue experiencing massive investment growth, once the remaining infrastructure projects in the region are in place. ARMM received P8.59 billion funding under the Transition Investment Support Plan (TISP) of the national government, and P2.8 billion of the amount was allocated for DPWH’s infrastructure projects.

To further boost investments and economic growth in the island-region, a spatial development framework called the Mindanao Development Corridors is being carried out by MinDA, where one of the strategies is to achieve connectivity through the development of intermodal transport systems and the strengthening of logistics to support growing industries.

“A well-placed connectivity infrastructure will allow ARMM’s top exports sourced mainly from rural areas to expediently reach urban centers for processing and marketing, and arrive at our export gateways faster and in better shape,” Antonino said.

The development corridors will bank on the strengths of Mindanao’s key regions, with Basilan, Sulu, and Tawi-Tawi forming part of the Mariculture and Trade corridor.

MinDA, along with Board of Investments, the Department of Trade and Industry, and RBOIARMM have also been closely working together to expand investment opportunities in Mindanao to BIMP-EAGA and other international markets.

Project... from page 1

Milan, however, cited the need for a company that would invest in power projects using the publicprivate partnership as a mechanism.

“We don’t have any idea about it yet, but if I were to look at it (light rail system), it should be more integrated into the existing electricity supplies,” he said.

He said energy supply for the system could be obtained from DLPC as well as from electric cooperatives in other regions that the railways would pass through.

Milan added that he was not particular with the kind of railway system that Mindanao could use.

In a press conference last year, Mayor Rodrigo Duterte said he was pushing for an increased power supply in the region so that a rail system could be built before his term ends in 2016.

However, an integrated transportation study last year by the Asian Development Bank said it would be impractical for Davao City to have a railway system because of the cost.

The study suggested feeder routes and bus systems instead.

In the same presentation, Lim said the public-private partnership arrangement may include the Tagum Water District joint venture for bulk water supply, the Tamugan water surface development, Sta. Ana wharf development project, Davao food exchange complex, and the Davao Sasa port project.

CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 22 Cagayan de Oro City IN THE MATTER OF THE ADOPTION OF DOMIRQ DANES ENRIQUEZ CABILLAR,

SPOUSES PHOEBE RAE ENRIQUEZ AND JOKSHAN R. AMADOR,

Petitioners,

x------------------------------------------------/

FC SPEC. PROC NO. 2013-083 FOR: ADOPTION WITH CHANGE OF SURNAME OF ADOPTEE DOMIRQ DANES ENRIQUEZ CABILLAR TO DOMIRQ DANES ENRIQUEZ AMADOR

ORDER This petition seeks for the adoption of minor child, DOMIRQ DANES ENRIQUEZ CABILLAR by the petitioners, Spouses PHOEBE RAE ENRIQUEZ and JOKSHAN R. AMADOR and for the change of the name of the child to be adopted to DOMIRQ DANES ENRIQUEZ AMADOR. Finding the petition to be sufficient in form and substance, the same is hereby given due course. Let the hearing set on JANUARY 22, 2014 at 8:30 in the morning before this Court at Rm 102, Hall of Justice, Cagayan de Oro City.

At the expense of the petitioners, let this order be published once a week for three (3) consecutive weeks in a newspaper of general circulation in Cagayan de Oro City and in Misamis Oriental.

The RTC Social Welfare Officer assigned to this Court is hereby directed to conduct to conduct a home and child study on the adopting parent, the natural parents and the child to be adopted. She is also directed to conduct counseling sessions with the biological father of the child to be adopted. The reports thereof shall be submitted to this Court SIXTY (60) DAYS from the receipt of this order.

Petitioners are directed to make arrangements with the Court Social Worker for the scheduling and incidental expenses in conducting the case study.

Let a copy of this order and the petition be furnished upon the Local Civil Registrar of Cagayan de Oro City, the Solicitor General and the City Prosecutor of Cagayan de Oro City for their appearance in behalf of the state.

SO ORDERED. Given this 6th day of November, 2013 at Cagayan de Oro City, Philippines.

(Sgd.) RICHARD D. MORDENO Presiding Judge

BWM: Jan. 8, 15 & 21, 2014

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Angara... from page 2

Angara said in filing Senate Bill 201 or the “Financial Literacy Act”.

Angara said his bill a i m s t o e mp o w e r t h e Filipinos, especially young professionals, to learn more on how and where to spend wisely their savings.

“It’s good to know that Filipinos, especially our young professionals, are devising new and creative ways to save like that of Kuripot Pinay’s viral 52-week money challenge wherein one can save nearly P70,000 at the end of the year,” he said.

Angara noticed that present schools system “does not teach our students and youth about money and personal finance.” ” Through this bill, financial literacy programs will be developed in educational institutions so as to make Filipinos wiser in handling their money and resources,” he said.

Under t he me asure, the DepEd shall award grants, on a competitive basis, to eligible entities to enable them to provide and implement financial literacy courses and activities, including the teaching of consumer, economic and personal financial concepts, to students. The grants shall not exceed P1 million per grantee.

“We need to train our

youth on entrepreneurial and financial skills so that we can raise generations of businessmen and investors who will create jobs not only for themselves but to others as well,” Angara said. ”Our students should know that entrepreneurship is a great alternative to employment and should be equipped with all information, from opportunities to existing regulations, on entering the business world,” he added.

The Philippines continued to receive international recognitions due to its gross domestic product (GDP)’s remarkable performance that surpassed the growth of its neighbors in Southeast Asia.

Recently, all international major rating firms Standard & Poor, Moody’s and Fitch R at i n g s u p g r a d e d t h e Philippines due to its political stability and strong economy.

(PNA)

Bunye... from page 4

What we are certain about is that the industry continues to grow, and its products have gone beyond just credit and savings. Some microfinance groups also offer housing and house repair microfinance loans, health-related microfinance loans, and microinsurance.

This Januar y, we are actually celebrating the National Microinsurance Month, an official event that has been observed since

7

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2007. Following the same logic behind microsavings and microcredit, it offers affordable insurance - with smaller premium than the usual insurance products out there - to low-income individuals, so that their losses are covered in times of death or emergency.

It was first introduced around 2005, the Nat i on a l St r at e g y a n d Regulatory Framework for Microinsurance were finally signed and issued in 2010.

Although it is the Insurance C ommission and not the BSP, that is the main government agency overseeing microinsurance activity, the BSP is still active in creating policy and regulation on microinsurance, at least for institutions under its jurisdiction, such as rural, cooperative, and thrift banks.

In his speech at the 2013 Citi Microentrepreneurship Awards (CMA) Awarding Ceremonies last December, BSP Governor Amando M. Tetangco, Jr. emphasized to the various microfinance stakeholders in audience the importance of having insurance protection.

H e said that microinsurance can protect the hard-earned gains of microentrepreneurs, especially amid destructive natural calamities that occur in the country, like the recent super typhoon.

Indeed, in trying times, for people with less or none

at all, microfinance and all related micro- products and services can do wonders.

That’s when we can say that micro is big.

Note: My book, Central Banking for Every Juan and Maria is now available in main branches of Fully Booked, Power Books, National Book Store, and University of the Philippines Press.

KIA...

publications such as Consumer Guide® Automotive MSN Autos, New Car News Syndicate and RTM. “The Kia Cadenza wins in this category for a variety of reasons, including Kia’s remarkable effort to emerge in the entry-lux category,” said Courtney Caldwell, editor-inchief of Road & Travel Magazine.

“Overall, the car is beautiful and affordable, making upscale style

and performance attainable to midAmerica. We applaud Kia’s rapid rise from underdog to unbelievable!”

The ICOTY award is the most recent in a string of accolades the 2014 Cadenza has received. Just a few months ago, the Cadenza took top honors in Motor Trend Magazine’s full-size sedan comparison test and was named to the 2014 North American Car of the Year short list.

from page 5

year.

“This year marks Kia’s 20th anniversary in the U.S. market, and in that time, we have become known for taking bold steps. The 2014 Cadenza is another leap forward for the brand and has brought new and affluent customers into our retailers, people who had never considered Kia before,” said Michael Sprague, executive vice president of marketing & communications, KMA. “To win the prestigious ICOTY award two years running is a clear indication that our products continue to offer a world-class balance of design, amenities and value for today’s discerning car buyers,” Sprague said.

RTM presents two “Of the Year” awards annually; one for car of the year and one for truck. In addition to product attributes such as style, comfort and performance, the awards also consider how well the brand connects emotionally with the consumer through its marketing efforts. The winners are chosen by the ICOTY jury, which consists of nationally renowned automotive journalists from respected

ROTARY CLUB OF CAGAYAN DE ORO RI DISTRICT 3870 Meeting at Seda Hotel, Executive Club Lounge, 11th floor every Thursday

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