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BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 93

Market Indicators As of 6:10 pm jan. 23, 2015 (friday)

FOREX

PHISIX

US$1 = P44.18

7,548.93 points

24 cents

X X Briefly 132.62 points

Power summit BUTUAN City -- In coordination with the Cooperative Development Authority (CDA), the Regional Cooperative Development Council (RCDC) Caraga hosted on Friday the Power Summit with the theme, “Co-owning the Agus-Pulangi Hydro Power Complex” held at the Provincial Covered Court, this city. The said summit presented enormous opportunity where people’s strength can be utilized to help solve the power miseries. “Your active participation here in this summit simply show you are willing and interested to help our government in solving the power crisis,” Mayor Ferdinand Amante Jr. said. Amante also emphasized the need to address the energy crisis in Mindanao. “Mindanao’s economy is growing and more investments are coming, we hope to maintain those momentum but we are afraid that these cannot be sustained due to the power crisis we are experiencing until today. That’s why we have to collaborate, work together and help solve this matter. We are towards co-owning the Agus-Pulangi hydro power complex,” he said.

PR Savings Bank DAVAO City -- Philippine Resources Savings Bank, headquartered in Cauayan, Isabela in northern Luzon, is expanding in the Visayas and Mindanao as it seeks to improve the penetration rate of its loan products for micro borrowers. In an interview with BusinessWeek Mindanao, Delia M. Ladao, the bank’s newly appointed vice-president for the two areas, said her marching order is to strengthen the six branches of the lender in the Visayas and Mindanao. “Although the bank has been in existence for 37 years, the expansion (in the Visayas and Mindanao) only started three years ago,” said Ms. Ladao, who worked in the banking industry for 40 years and retired a few years ago as first vice president for Mindanao of the government-run Land Bank of the Philippines.

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NGCP seeks to recover damages from ‘Agaton’ P.18/kWh recovery charge filed for Mindanao consumers

HE National Grid Corporation of the Philippines (NGCP) has filed a petition with the Energy Regulatory Commission (ERC) to charge an additional 18 centavos per kilowatthour (kWh) starting Feb 2015, for the damage incurred when typhoon “Agaton” struck the region in Jan 2014.

THE BRIDGES OF CAGAYAN. Aerial view of three bridges in Cagayan de Oro City taken last Jan. 16. The newest bridge in the foreground will be inaugurated on Feb. 6. The Ysalina Bridge (painted in orange) stands in the middle beside City Hall. The third concrete bridge in the background connects Barangays Nazareth and Carmen. A fourth bridge connecting Barangay Kauswagan and city proper, and a fifth connecting Barangay Bonbon and Puntod, are not shown in this photo. mindanews photo by froilan gallardo

MisOr’s newest coal plant to supply power to Davao coop WHILE the construction of its 405-megawatt coal-fired power plants at the Phividec area in Misamis Oriental, the Filinvest Group has already secured regulatory approval to supply power to the electric cooperative of Davao Oriental. In a ruling, the Energy Regulator y Commission (ERC) cleared the power purchase deal between FDC

Misamis Power Corporation and Davao Oriental Electric Cooperative Inc (Doreco). Under the agreement, Doreco will buy six megawatts (MW) from FDC Misamis’ 405-MW coal-fired power project at the PHIVIDEC Industrial Estate in Misamis Oriental for 15 years. The additional supply would allow Doreco to meet its forecast demand from

2014 to 2028. The electric cooperative sources 5.4 MW f rom st ate-ow ne d hydropower plants, contracts for whic expire in 2016. Doreco also sources 6 MW from the Aboitiz Group’s power barges. FDC Misamis and Doreco agreed to a P4.72 per kilowatt-hour (kWh) rate, which would redound power/PAGE 7

In the petition, the NGCP proposes to charge 18 centavos per kWh as additional charges from Feb 2015-Dec 2015 and P.04 from 2016-2020, for the Force Majeure (FM) made by typhoon “Agaton” to its facilities. ”It most respectfully prayed of this Honorable C om m iss i on to : Gr ant provisional approval to implement the bill the Pass-Through Amounts to Mindanao customers starting February 2015 billing month to December 2020 billing month or until such time the

amount is fully recovered,” it said. The NGCP mentioned it will pass off the Force Majeure charges, as additional network charges in Mindanao, starting the billing period of Feb 2015 to Dec 2020, or until such time that the P1.681 million amount incurred is fully recovered. The transmission company calculated the additional cost of Capital Expenditure (CAPEX) amounted to P6,958 billion, but only requested to the ERC to recover ngcp/PAGE 7

BAMBOO TRANSPORT. A skylab driver tries to balance his cargo of large bamboo trunks along the national highway in barangay Liamtimco, Lianga town in Surigao del Sur. mindanews photo by erwin mascarinas

Moro fronts urged to dialogue, unite LAWMAKERS on Tuesday u r g e d Moro f ront s t o dialogue, compromise, and forge unity on the proposed Bangsamoro Basic Law that is being reviewed by Congress for passage early this year. Representatives from different groups of the Moro

National Liberation Front (MNLF) and Moro Islamic Liberation Front (MILF) served as resource persons during the 35th public hearing conducted by the House of Representatives’ Ad Hoc Committee on the BBL on January 20 at the

Batasan complex. Leaders of the Federation of Sultanates were also present as well as Philippine Center for Islam and Democracy (PCID) President Amina Rasul. Muntinlupa Rep. Rodolfo Bi a z on aske d re s ou rc e moro/PAGE 7

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Camiguin bats to increase lanzones production MAMBAJAO, Camiguin -- While it is known to grow the best and sweetest lanzones in the country, the province is likewise eyeing for production increase through macrosomatic cloning. G o v e r n o r Je s u s M . Romualdo bared that the Provincial Agriculture Office (PAO) is now ready for the technology, with a team of trained personnel to handle the macrosomatic training.

Romualdo said the process will cut off the production and propagation period of lanzones planting materials to only 4 months, than the traditional propagation period which requires more than a year. He likewise noted that the province production is increasing every year, along with its new Camlong (Camiguin and Longkong) lanzones variety. For last

year, about 20 metric tons of Camlong were produced from the model farm in Mahinog town, with a gross sale of

P1.4 million. The Camlong variety is also sold at a higher price because of its shelf life, it can

BIR-SurSur looks forward to a higher tax collection TANDAG City â€“ Monib Dimakuta, revenue district officer (RDO) of the Revenue District Office 106 (RDO 106) of the Bureau of Internal Revenue (BIR) in Surigao del Sur expressed confidence on having a much better performance for 2015. Beforehand, he admitted that 2014 was quite a struggle, citing a -8.09 percent deficit or equivalent to P60,360,054.55, when, supposedly, his office could have at least hit the target of P745,763,000 but

came up short with only P685,402,945.45. However, the BIR chief p ointe d out, t he y st i l l managed to surpass the 2013 tax goal of P609,671,948.75 by posting a 12.42 percent increase or equivalent to P75,730,996.70 as shown in the cumulative comparative collection for the period from January-December 2014. Also, Dumakuta claimed depressing their collection towards the end of the year, tax/PAGE 7

last longer than the native lanzones fruit. In total, the province recorded about 810 metric

tons of lanzones sold to Metro Manila, Bacolod, Cebu, Iloilo and other nearby cities and provinces, last year.

Scholarship grants top grads from public high schools REPUBLIC Act No. 10648 or the Iskolar ng Bayan Act of 2014 provides scholarship benefits to deserving students from public schools. Iskolar ng Bayan Act of 2014 was signed on Novemb er 27, 2014 by President Aquino after it was approved by the Senate and the House of Representatives on September 23 and 24, respectively. Under the new law, all state universities and colleges are mandated to provide automatic admission and

scholarship grants to the top 10 public high school students of their respective graduating classes. This Act aims to promote the right of all citizens to quality and accessible education at all levels and to establish and maintain a financial assistance system that shall be available to deserving students, especially the underprivileged, said Education Undersecretary Rizalino D. Rivera. According to Dr. Chery Mae L. Limbaco, Schools Division Superintendent, Department of Education (DepEd) for Misamis Oriental, the academic scholarship provided under RA 10648 covers all high school students belonging to the top ten of the graduating class who will enroll in state universities and colleges (SUCs) as freshmen, based on the guidelines and criteria set by DepEd and provided they meet the admission requirements of the SUCs where they intend to enroll. scholarship/PAGE 7

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DEPED REGION X PREPARES FOR THE HOLDING OF SINING TANGHALAN 2015 By RAYMUND S. ANTOLO

The Department of Education Regional Office conducted a Planning Conference for Special Program in the Arts (SPA) Implementers on January 9, 2015 at Iligan City East High School, Santa Felomina, Iligan City to plan out the holding and participation to the Sining Tanghalan 2015 Regional Level on February 26-27, 2015 timely for the observance of Arts Month where the main objectives are to exhibit array of creative outputs of promising artistic students and to select the best representatives of this Region to compete in the National Festival of Talents to be hosted by the National Capital Region (NCR) on April, this year. The 2015 Sining Tanghalan is one of the major component activities of National Festival of Talents so with Technolympics, Pop Quiz and Press Conference. For Sining Tanghalan, the contests include are BAYLE SA KALYE, LIKHAWITAN, PINTAHUSAY, SINELIKSIKK, AND MANIK ANINONG DULAAN. The said five (5) competitions are outputs of the six (6) disciplines of SPA Curriculum namely, Dance, Music, Visual Arts, Media Arts, Theatre Arts & Creative Writing. The program is designed by the Department of Education to cater young clienteles with exceptional talents that instead studying at Philippine High School for

the Arts at Mount Makiling, Laguna, they can now take the program at their respective localities. The following schools in the Region implementing the program: Misamis Occidental National High School Clarin National High School Tudela National High School Ozamiz National High School Tangub National High School Iligan City National High School Iligan City East High School Lapasan National High School Misamis Occidental National High School Tagoloan National High School Medina National High School Gingoog National Comprehensive High School Manolo Fortich National High School Bukidnon National High School Bangcud National High School Valencia National High School Cagayan de Oro City National High School Kapatagan National High School These schools consistently produced potential talents and continued specializing their craft in college.

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Del Monte Pacific shelves preferred share sale DEL Monte Pacific Limited (DMPL) has deferred the sale of preferred shares in Singapore because of weak global market conditions. The $360-million preferred share offering was supposed to refinance the fruit canner’s $350-million bridge loan wit h BD O Unibank Inc. DMPL took out the loan to finance the buyout of Del Monte Foods Inc (DMFI), which owns the Del Monte

Power transmission lines fully restored THE National Grid Corporation of the Philippines (NGCP) has fully restored power transmission lines in areas along the path of Tropical Storm Seniang. As of Januar y 21, all t r ans m iss i on and sub t ransmission lines and substations of NGCP in the Visayas were back to normal. “NGCP assures the public that it is ready to conduct similar disaster management activities to ensure reliable power transmission services. The corporation is also continuously taking necessary preparations and precautions to minimize the impact of succeeding tropical storms and disasters on NGCP operations and facilities,” the power/PAGE 6

brand rights in the United States and South America. Instead of selling preferred shares, DMPL is seeking an extension of the bridge loan. “ T h e c o mp a ny w i l l continue to monitor the f i n an c i a l m ar ke t s an d undertake the offering under better market conditions,” the company said in its disclosure to the Philippine Stock Exchange. DM PL ha d pl an ne d to sell preferred shares in

the Philippines, but the fundraiser was moved to the Singapore Stock Exchange, where the company’s shares are also traded. The offering of preferred shares is part of a series of equity fundraising initiatives aimed at repaying debt incurred to back the $1.68-billion acquisition of US-based Del Monte Foods. DMPL has completed a sale of common shares and is pursuing a $180-million

rights offering. DMFI has contributed 80 percent to Del Monte Pacific’s $993.6-billion turnover in the first half of its 2015 fiscal year, up from $225.66 million a year ago. Del Monte Pacific posted a net loss of $21.71 million in the six-month period, a reversal of the net income of $12.96 million in 2013, due to acquisition-related expenses and higher interest expenses.

Cebu Pacific Air’s CEO apologizes

THE CHIEF executive officer (CEO) of the Philippines’ largest budget airline on We d n e s d a y e x p r e s s e d his deep regrets before lawmakers for his company’s “operational lapses” that led to massive flight delays and cancellations during the Christmas holidays. “Today six out of ten Filipinos choose to fly with Cebu Pacific when they travel within the Philippines… Last Christmas, we let them down, and I am profoundly sorry that we failed them,” Lance Y. Gokongwei, president and chief executive officer of Cebu Pacific Air, said before the House Committee on Transportation chaired by Catanduanes Rep. Cesar V. Sarmiento. The budget carrier had a total of 20 canceled and 288 delayed flights at the Ninoy Aquino International Airport Terminal 3 (NAIA-

3) from Dec. 24 to Dec. 26, caused by “Cebu Pacific’s operational lapses,” Civil Aeronautics Board (CAB) Executive Director Carmelo L. Arcilla said on Jan. 12. F o r h i s p a r t , M r. Gokongwei cited “inadequacy in ground handling services.” “Our ground handling agent failed to meet manning and service level c om m it me nt s . We s aw some shortfall of promised domestic check-in agents on the afternoon and evening of the 25th and by early morning of the 26th we were faced with unprecedented absenteeism which created a chaotic situation at our check-in counters,” he told the lawmakers present in the hearing. Constituting a “breach of the basic condition of its Certificate of Public Convenience and Necessity,” the Philippine aviation

regulator has issued a strong reprimand and imposed a fine against the Gokongweiled airline in the amount of P52.1 million. C A B ’s M r. A r c i l l a explained before the lawmakers how his board came up with P52.1 million fine, as saying “10,242 passengers were affected by the fiasco and according to the law, the airline should pay P5,000 per passenger, so all in all it is P52.1 million.” Asked if this will be given to the passengers, Mr. Arcilla replied: “The P52.21-million fine will go to the National Treasury, in accordance with the law.” Meanwhile, the chief of Cebu Pacific Air said in his opening speech that in light of the Christmas melee, the airline will be “more aggressive in pursuing remedial measures, including cebupac/PAGE 6

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1987 Charter allows Erap 2016 prexy run

IFE’S INSPIRATIONS: date, six years thereafter. The “… Whoever sows to President shall not be eligible please their flesh, from the for any re-election…” -oooflesh will reap destruction; T H E whoever sows to please the Spirit, from the Spirit will DISQUALIFICATION VS. reap eternal life…” (Galatians RE-ELECTION IS FOR A SITTING PREXY: Indeed, 6:7-8, the Holy Bible). t h e re i s a proh i bit i on -ooo 1 9 8 7 C H A R T E R against “any re-election” ALLOWS ERAP TO RUN of the President. But what FOR PRESIDENT IN 2016: exactly does the Constitution Can Manila Mayor Joseph mean by the words “any reErap Estrada run for the election”? And, who is the presidency in 2016, now “President” referred to in that the Supreme Court Section 4 as not being eligible declared that, on account for “any re-election”? of the pardon given him by The portion of Section 4, former President Arroyo, Art. VII, that is reproduced he had been restored to his here talks about an incumbent civil and political rights, president, who is given a including his right to run six-year term. It is to this president that the prohibition for public office? My own reading of the against “any re-election” is 1987 Constitution is that, yes, addressed. In other words, Estrada can run for president it is the president who is again in 2016. And to better serving his six-year term understand this point, allow that the prohibition covers. me to reproduce what the What this means is that, Constitution says on this a sitting president who is finishing his term as a new matter. Under its Section 4, election for president is to be Art. VII, the Constitution held, which election of a new provides, in part: “ The president will signify the end President and the Vice- of his term, is disqualified President shall be elected by from seeking re-election. direct vote of the people for a The word “any” that precedes term of six years which shall the word “re-election” on begin at noon on the thirtieth the other hand contemplates day of June next following a s itu at i on w h e re t h e the day of the election and incumbent president may shall end at noon of the same or may not have served out

Member:

hink a Minute…Remember Greg Louganis? The young, strong, superstar athlete who won gold medals in all his events at both the 1984 and 1988 Olympics. He was the first athlete in history to do it, and was elected to the Olympic Hall of Fame. But at the Olympics, no one ever suspected that under the surface Greg Louganis’ body was full of AIDS. It’s true that you really cannot know what’s inside a person just from looking on the outside. Many people are not what they appear to be. For example, that tough football or rugby player you know may actually still be an insecure little boy on the inside, because he could never be good enough for his hard, strict father. That shy young woman you see around town might still be a broken, hurting little girl, because she was abused by her uncle or stepfather when she was young. Maybe even that 60-year-old political leader or successful businessman is still full of hurt and anger from when he was badly treated as a child because of his skin color, or because he grew up in a poor family. Many people look strong and mature on the outside, but inside they’re still hurting emotionally and need healing. They still have deep wounds, scars and painful memories of terrible things that were said or done to them when they were young children or

THINK

A Minute

By Jhan Tiafau Hurst

teenagers. Friend, if you’ve been living with pain, fears or anger from what people said or did to you in the past, these hurts and bad memories can be like chains that hold you in prison emotionally. Well, Jesus Christ sure knows how you feel. Jesus is probably the most hurt, abused person in history. His own family thought He was crazy, and His own people had Him tortured and killed as the worst of criminals. But not only does Jesus understand and feel your pain, He’s also the One Who can heal your broken heart and painful memories. So today, why don’t you put your whole life, including your painful past, into the strong, healing hands of Jesus? He’ll even help you forgive those people who hurt you. Then, you’ll finally be free from your emotional pain and prison to start living the full, new life Jesus has planned for you. Just Think a Minute…

or finished his term, for any reason. -ooo NO JUSTIFICATION FOR PROHIBITING A F O R M E R P R E SI D E N T TO RUN: The important thing to remember in all these is this: the prohibition against re-election applies to a president seeking a new mandate right after finishing his six-year term, or right after his supposed term of six years just expired, whether or not he fully served that term. The clear objective is the prevention of a second term for a president who has just finished his term, or whose term of six years had just been finished, whether he stayed on as president or not, to avoid perpetuating one single person in power. It was actually meant to address the phenomenon created by former President Marcos who managed to run, again and again, after finishing his original terms. In the case of a president who did not run immediately after serving out his six-year term, or after he had been booted out of that six-year term for any reason, there is no prohibition as against him to run again, simply because the supposed justification for preventing a re-election-

K akampi

Mo A ng Batas

By Atty. Batas Mauricio

--which is the avoidance of perpetuating anyone in the presidency---is no longer present. -ooo PLEASE LISTEN: “ Ta m b a l a n g B a t a s a t Somintac”, jointly aired at DZEC, 1062 kHz in Manila, 1080 kHz in Dagupan City, 711 kHz in Naga City, 1260 kHz in Lucena City, 1224 kHz in Davao City, and at www. eaglenews.ph Mondays to Fridays, at 6 a.m.; “Kakampi Mo Ang Batas”, at 103.7 mHz in Don Carlos, Bukidnon, Mondays to Fridays, at 7 a.m.; at 801 kHz on the AM band (Panay Island), Mondays to Fridays, at 10 a.m.; at 107.5 Win FM, Roxas, Isabela (Saturday, 5:30 a.m., and Sunday, 7 a.m.); and at 92.7 Smile FM, San Francisco, Agusan Del Sur at 8 a.m. -30-

Sanctifying the economy

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Under the Surface

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ince becoming a priest, I have left behind my former profession of being an economist. I consider priesthood as demanding t ot a l d e d i c at i on t o an exclusively spiritual, moral and supernatural goal. I understand that being a priest, one should not get entangled with worldly partisan politics or with merely profit-seeking businesses, etc. As Opus Dei founder St. Josemaria once said, “A priest should be a priest through and through.” He should only speak about God, and about spiritual, moral and supernatural realities. Just the same, I also understand that the world of economics, being a human activity, and a major one at that, also needs to be sanctified. That is why, I also pay attention to some economic developments, both local and global, if only to see whether they are in keeping with God’s designs or not, which is actually a matter of fulfilling the temporal common good of men. While there is no strict m at h e m at i c a l r e l at i o n b e t w e e n ou r t e mp or a l common go o d and our eternal common good, we can nonetheless say that the former helps a lot in attaining the latter. What we do in our earthly affairs somehow determines our eternal destination. To be sure, God speaks

to us also in the world of economics. He is not absent there. In fact, we need to re a lize more de eply to acknowledge his presence and his will in this part of our life that we usually regard as a place where God has no role to play at all, or that he simply has a little role, as in a cameo or an extra part. For all its mundanity, our economic affairs have God at the center of it all. They are where God also speaks to us in a special way, and directs his divine providence of guiding all of us and the world toward him while always respecting our freedom and the nature of things. It is where many of us are expected to work for our sanctity and to participate actively in the continuing work of redemption. We somehow need to view our economic and other temporal affairs theologically. They just cannot be understood in purely worldly laws. Thus, I am happy to note that irrespective of the competence or incompetence of our political and business leaders, we have good reason to be happy and confident that life in general will just move on rather smoothly for us. Why? It is because we have good economic base to drive our economy. The contribution of our heroic OFWs is enormous, and it is still growing at 6%. And

the income generated by our BPOs is also catching up, growing every year at an estimated 20% growth rate. That is phenomenal! Local tourism is also rising sharply. We, Filipinos, are spending in our own tourism, suggesting that there is money around and it is being circulated more widely. Thus, the over-all growth rate of our country in the region, while not yet at the top, is not that bad at all. Im a g i n e i f w e h av e leaders who know how to manage the potentials of our economy! Let us hope that we can choose leaders who are competent and honest enough to face the challenge. Most of all, we have to pray and choose leaders who are God-fearing, and whose source of competence and honesty is precisely their authentic faith in God and their patriotic love for the people. Let us hope that we can see in our lifetime corruption thrown into the dustbin of history. That may be quixotic as of now. But let us really hope that little by little we, as people, and led by our officials, go through a radical change of attitude, understanding and skill in dealing with money and other economic affairs. Let us pray that we grow in our awareness that our economic activities are an

HINTS

and

Traces

By Fr. Roy Cimagala

occasion for sanctification and apostolate. They just cannot be ruled by purely economic laws. They should make us holy and should bring us closer to God and to one another in a communion of love. While we have to behave in a very natural way in our transactions, we should neither forget that each transaction can and should be a form of prayer, an expression of charity. Each of them should make us a better person, spiritually and morally. Let us be wary of our tendency to let these business activities feed only our material needs. They have a tremendous capacity to give glory to God and to work for the common good of everyone. Carpe diem! Let us be quick to take advantage of their sanctifying value, if only we know how to sanctify them also. roycimagala@ gmail.com

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Globe BanKO eyes BSP relaxes rules for banks BPI more partner outlets along path of Typhoon Ruby THE Bangko Sentral ng Pilipinas (BSP) is cutting banks along Typhoon Ruby’s path some slack. In a statement, the BSP said its Monetary Board approved regulatory relief measures for lenders in the following cities: Caloocan, Las Pinas, Malabon, Man d a luyong , Man i l a , Mar i k ina, Munt in lup a, Navotas, Paranaque, Pasay, Pasig, Quezon, Taguig and Valenzuela. Also covered are the

following provinces: Agusan del Norte, Agusan del Sur, Aklan, Albay, Antique, Bataan, Batangas, Biliran, Bohol, Camarines Norte, C amar i nes Sur, C api z , Catanduanes, Cavite, Cebu, Dinagat Islands, Eastern Samar, Guimaras, Iloilo, Laguna, Leyte, Masbate, Negros Occidental, Negros Oriental, Northern Samar, Quezon, Rizal, Marinduque, Occidental Mindoro, Oriental Mindoro, Palawan, Romblon, Samar, Siquijor, Sorsogon,

Metrobank selling more shares to existing stockholders METROPOLITAN Bank & Trust Company is raising funds through a stock rights offering. In a disclosure to the Philippine Stock Exchange, the country’s second-largest bank said its board cleared a rights offer that would raise as much as P32 billion, subject to regulatory approvals as well as market conditions. Metrobank has mandated J.P. Morgan and UBS as joint global coordinators, joint international lead managers and joint bookrunners. First Metro Investment Corp is the sole domestic lead manager and joint bookrunner, while HSBC is co-manager.

“The bank believes that the continued strengthening of the Philippine economy, a growing middle class, and low credit penetration create sustainable attractive growth opportunities for the banking sector in general,” the George Ty-owned lender said. “Specifically, Metrobank sees these opportunities not only in the large-cap business, but especially in its core franchise, the middlemarket and small-to-medium enterprises segments, as well as in the growing consumer space,” the bank said. The capital-raising exercise will enable the bank metrobank/PAGE 6

Success Demands... By ROLLEN B. SUMO-OY

Demands for improving t e a c h e r q u a l i t y, a n d quality education have increased over recent y e a r s . K - 1 2 pro g r a m that sets new standards for student learning have been introduced. Teacher’s potentials, talents and skills play an important role in pupils’ achievement. Much of the teacher’s success in the classroom is hinged on their use of te aching met ho ds. These teaching methods comprise the principles and management strategies used for instruction. Teaching methods are important because these will help enhance the teaching and learning process. With the leadership of our OIC-Schools Division Superintendent,

Jesnar Dems S. Torres, Ph.D., and our chief in the Curriculum Department, Elbert Francisco, teachers are urge to upgrade their educational qualifications, to attend trainings, seminars and workshops. Through these, teachers will gain new information and new trends in education, to be better equipped themselves with the 21st Centur y education. With the partnership of BSU and DepEd Bukidnon, every year the division sent out teachers and school heads to be part of the DepEd-BSU scholarship program ,thus, taking its way to improve teachers and school heads in the field and becoming more competitive in the field of education.

Southern Leyte, Surigao del Norte and Surigao del Sur. The above areas are those placed under a state of emergency by the National Disaster Risk Reduction and Management Council (NDRRMC). The BSP will grant the following relief measures: • Exclusion of existing loans of borrowers from the computation of past due ratios; • Reduction of the general loan loss provision

from the originally mandated 5 percent to 1 percent; • S u s p e n s i o n o f penalties on legal reserve deficiencies of thrift, rural and cooperative banks with head offices and branches in affected areas; • Mo r a t o r i u m o n monthly payments due to the central bank for banks with on-going rehabilitation p ro g r a m s ; B o o k i n g o f allowance for probable losses on a staggered basis for all bsp/PAGE 6

TACLOBAN CITY -- Mobilebased bank BPI Globe BanKO aims to double its partner establishments to 8,000 by the end of this year, an official said. Rob Nazal, BanKO chief development officer, said the bank ended 2014 with 4,000 partners. “The target is realistic b e c au s e w e a re re a l l y aggressive in our partnerships with different nongovernment organizations, government agencies and even local government units with the same goal of making bank services accessible to

ordinary Filipinos,” Mr. Nazal said. He said they aim to establish at least one partner outlet in every town in the Philippines and find more partners in convergence areas and intersections. Noting that eight out of 10 Filipinos have mobile phones but 73% have no bank accounts, Mr. Nazal said they “want to use this pervasive mobile penetration to ramp up financial inclusion of Filipinos this year.” The company has established a partnership bpi/PAGE 6

GAME OF THE GENERALS “THE SIEGE” in cooperation with PhilGGo (Philippine Game of the Generals Organization)

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Power... from page 3

company said in a statement. NGCP is a privately owned corporation in charge of operating, maintaining, and developing the country’s power grid. It transmits highvoltage electricity through “power superhighways” that include the interconnected system of transmission lines, towers, substations, and related assets. The consortium holds the 25-year concession to operate the country’s power transmission network. It is owned by Henry Sy Jr.-led Monte Oro Grid Resources Corporation, Robert Coyiuto Jr.-led Calaca High Power Corporation and the State Grid Corporation of China as technical partner.

CebuPac... from page 3

increasing the numbers of frontline staff and being more vigilant in the supervision of ground handlers.” Mr. Gokongwei added that it will implement the following measures to prevent

a recurrence and improve overall service: • Require domestic ground handler to immediately take corrective measures to prevent a repeat of last month’s lack of check-in personnel, like staff engagement programs to ensure sustainable staff buffers; • C ontract a second ground handler to supplement domestic check-in and serve as alternative buffer; • Strengthen management control through a 24x7 hub monitoring of key areas and systems to raise red flags before a situation deteriorates; • Coordinate more closely with NAIA-3 management for the use of additional facilities when needed, particularly during peak travel periods; and • Devote one new Airbus 320, which will arrive in the first quarter of the year, as an additional hot spare -- standby aircraft ready to fly stranded passengers anytime, anywhere -- to supplement its existing two. However, the airline executive did not discuss its proposed actions regarding its P52-million penalty.

According to Mr. Arcilla, t he budget c ar r ier c an either “pay the P52-million fine or file a motion for reconsideration within a 15-day period from Jan. 8.” In response, Mr. Gokongwei said: “We acknowledge our shortcomings and agree that there should be a penalty, but we will wait for legal advice on the basis of the fine.”

BSP...

from page 5

types of credit extended to individuals and businesses affected by the calamity; • S u s p e n s i o n o f monet ar y p ena lt ies for delays in the submission of supervisory repots for thrift, rural and cooperative banks. • Leeway in providing

financial assistance to their of f icers and employe es who were affected by the calamity including those types of assistance that are not within the scope of the existing BSP-approved Fringe Benefit Program.

Metrobank’s asset base grew by a fifth year-on-year to P1.5 trillion in the nine months through September. Loans grew 21 percent to P697 billion, anchored on a 23 percent jump in deposits to P1.1 trillion.

Metrobank...

BPI...

to pursue these business prospects and support growth, Metrobank said, adding that the fresh capital could also fund the expansion of its sales and distribution network. At end-September, the bank had a total capital adequacy ratio of 16.2 percent and common equity tier 1 of 12.1 percent, well above the requirement of the Bangko Sentral ng Pilipinas.

with the Department of Social Welfare and Development (D S WD ) to i nst itute a financial literacy program through mobile banking, targeting beneficiaries of the government’s Pantawid Pamilyang Pilipino Program (4Ps). The bank is scaling up its operations in typhoonravaged provinces in Eastern Visayas to facilitate cash

from page 5

transfer and loan releases. BPI has been using partner outlets for easy cash flow to communities where funds for recovery are badly needed, according to Mr. Nazal. Partner outlets of BanKO are existing community establishments with mobile phones, computer, and internet connection. Established in 2009, the mobile-based bank is a partnership between the Bank of the Philippines Islands (BPI), Globe Telecom, Inc. and Ayala Corp.

Features

There Is Fun in Teaching Literature By ANGELINA B. BUARON EPS English

If you would be asked to recite a literary piece that you learned in the elementary, would you be able to deliver it completely? Ask the same question to me and I will deliver this piece with gusto: The Owl Of all the queer birds, I ever did see The owl is the queerest by far to me For all day long she sits on a tree And when the night comes, away flies she. Some words in the piece need to be exaggerated in order to paint the meaning. These include queer, queerest, long, far, away where sustaining the word in reading like queeeeeer is necessary. On the other hand, reciting this with eyes widely opened and with brows raised shows the big eyes of the owl; thus creating imagery. Little children surely love reciting this piece with consideration of the elements found in it. A creative teacher can introduce the piece in many ways to address multiple intelligences. The following suggested activities help develop the skill of the child in whatever field of interest. 1. Draw any object found in the poem. 2. Act out a phrase or action of the owl. 3. Sing a song using the lyrics of the poem. 4. Pick out the nouns/verbs found in the poem. 5. How many lines have the same number of words used? This is only an example of teaching literature with fun. Nevertheless, the objectives have still to be considered to tailor fit the activities to achieve the goal. The Department has its mandate towards zero non-readers and achieve the goals of the Early Child A Reader Program (ECARP). The use of literature is one effective tool to address the reading difficulty of the learners. In the recently concluded regional Training of Trainors in Teaching Literature and Literary Criticisms held on January 14-16, 2015 at the Regional Educational Learning Center (RELC), Lapasan, Cagayan de Oro City, literature-based instruction was introduced. The triad expertise of speakers namely Dr. Carol Fortino of University of Colorado, Dr. Jerry Roble of Capitol University, and Dr. Bernadette Tismo of Xavier University triggered the love of literature among the participants. The activity is a good start to bring back literature in the delivery of instruction. # Angelina B. Buaron, EPS English, DepEd Regional Office X, Cagayan de Oro City.

WITH SENATOR JV – VICE GOVERNOR JOEY G. PELAEZ exchanges pleasantries with Senator JV EJERCITO during the League of Vice Governors of the Philippines (LVGP) Special General Assembly. The LVGP envisions a strong, dynamic and cohesive national organization of highly motivated Vice Governors whose opinions are well respected and considered in bringing about reforms in government and whose leadership is responsive in effecting changes for local and national development. 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. 2014-309 Upon extra-judicial petition for sale under Act No. 3135 filed by HOME DEV’T MUTUAL FUND ( PAG-IBIG FUND ), mortgagee, with office at J.R. Borja St., Cagayan de Oro City, against ISRAEL B. BANAAN, mortgagor, married to Jocelyn G. Banaan, residing at Lot 15 Blk 19, Pag-ibig City Homes, Malanang, Opol, Misamis Oriental to satisfy the mortgage indebtedness which as of October 28, 2014 amounts to FOUR HUNDRED EIGHTY SEVEN THOUSAND FIVE HUNDRED SIXTY PESOS (P 487,560.00), inclusive of penalties, charges, attorney’s fees and expenses of foreclosure, the undersigned or her duly authorized deputy will sell at public auction on January 29, 2015 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. 136-2012001236 Lot : Lot 15, Blk 19, Psd-10-057664 Portion of Lot : Lot 1, Pcs-10-003972 Land use : Residential Location : Malanang, Opol, Misamis Oriental Boundaries : SE, Line 3-4 by Road lot 2 (15.00 M. wide) x x x x ….. Owner : Israel B. Banaan Area : Ninety (90) 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 the said date 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, December 15, 2014. FOR THE EX-OFFICIO PROVINCIAL SHERIFF BY:

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region Branch 28 Mambajao, Camiguin IN THE MATTER OF PETITION FOR ISSUANCE OF NEW OWNER’S COPY OF OCT. NO. P-6736 in the name of Domingo Ebarle Arao (deceased) Represented herein by his daughter MELITONA A. DUCUSIN, Petitioner, - Versus – HON. ALMA CONCEPCION M. PARREÑO, Provincial Prosecutor, In her capacity as Ex-Officio, Register Of Deeds of Camiguin, Respondent. X------------------------------------------------------/// ORDER Let this case be set for hearing on April 22, 2014 at 8:30 o’clock in the morning, at this court. Persons interested in this petition are required to answer and appear before this court on the aforesaid date and make known their opposition thereto. Let copy of this Order be published at petitioner’s expense once a week for three consecutive weeks prior to the date of hearing in any newspaper of general circulation in the Province of Camiguin. For a period of fifteen (15) days prior to the date of hearing, at the expense of the petitioner, let a copy of this order and of the petition be posted at the bulletin boards of the entrance door of this Court, Hall of Justice, Mambajao, Camiguin, Public Market, Mahinog, Camiguin; Municipal Hall, Mahinog, Camiguin; and Provincial Capitol, Mambajao, Camiguin.

SO ORDERED. Mambajao, Camiguin, December 9, 2014 (Sgd) JEOFFRE W. ACEBIDO Acting Presiding Judge

(Sgd.) FE O. BONTUYAN-BULARON Sheriff IV BWM: Jan. 9, 16 & 23, 2015

MISC. CASE NO. 141

BWM: Jan. 16, 23 & 30, 2015

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NGCP... from page 1

the net fixed value of the transmission assets computed at P1.681 million. It noted the damaged transmission assets and other related facilities on the application were not covered by the Industrial All Risk (IAR) Insurance Policy with the Government Service Insurance System (GSIS) through former grid operator Nat i on a l Tr ans m i s s i on Corporation (TRANSCO) and the Power Sector Assets and Liabilities Management Corporation (PSALM). The NGCP is a Sy-led corporation in charge of operating, maintaining, and developing the country’s power grid.

Power... from page 1

to a reduction of P0.41 per kWh in the electricity bills of the cooperative’s customers. But after excluding some proposed costs, the ERC approved a lower rate of P3.33 per kilowatt-hour, which is “within the level among the recently approved rates for coal-fired power plants in the Philippines.” The P43 billion coal project of FDC Misamis is slated for commission next year. The company previously secured contractual commitments from 17 electric cooperatives, including Doreco, for the project’s first two 135-MW generating units. FDC Misamis is a whollyowned subsidiary of FDC Utilities Inc, the upstart power generation unit of F i l i nve s t D e ve l opm e nt Corporation. Doreco distributes electricity to the city of Mati and the municipalities of

San Isidro, Manay, Cateel, Lupon, Gov. Generoso, Caraga, Boston, Banaybanay, Tarragona, and Baganga in Davao Oriental.

Moro... from page 1

persons from the two Moro fronts on the possibility of “reconciling their differences (on the BBL).” Biazon reiterated the need for compromise among the diverse Muslim communities, C hr ist i an s ett lers, and Indigenous Peoples in the proposed Bangsamoro territory, as the Congress will pass only one law. Ad Ho c C om m itt e e chair Rufus Rodriguez, Representative of the second district of Cagayan de Oro City, mentioned that there is the Bangsamoro Coordination Forum (BCF) under the auspices of the Organization of Islamic C ooperation (OIC). The BCF serves as the mechanism for the MNLF and MILF to “coordinate their movements toward achieving the aspiration of the Bangsamoro people towards just and lasting peace, and peaceful resolution of their problems.” S u l u R e p . Tu p a y Loong underscored that “reconciliation (in opinions or interests) is a challenge to all of us.” He meant that even Muslims and Bangsamoro lawmakers in the House of Representatives should also be part of the effort to forge unity among the Bangsamoro groups “to come up with a solid position so the Ad Hoc Committee will not face hardships in passing the BBL.” L o ong , t he chair of the Committee of Muslim Af fairs, sug geste d t hat he will invite the Moro fronts for a discussion on issues on the Bangsamoro

bill. Citing optimism that Bangsamoro groups can sit down together, he asked time for the discussion to happen so that the Moro fronts can “come to common ground.” S outh C otabato 2nd District Rep. Ferdinand He r n a n d e z s h a re d h i s optimism that it is possible for Moro fronts to unite. “I think all factions here are open to threshing out differences and coming up with one position on the BBL.” He emphasize d t hat the Ad Hoc Committee made numerous public consultations “because we want to come up with a BBL that is acceptable and doable. We are putting a lot of efforts on this because we want this to succeed.” B angs amoro gov’t inclusive, open for participation Meanwhile, Bukidnon Governor Jose Zubiri, who was present during the hearing earlier encouraged that “all sectors of Muslims come together and support one Bangsamoro.” G ov e r n m e nt o f t h e Philippines (GPH) Peace Panel Chair Prof. Miriam C oronel - Fe r re r e cho e d the call of Zubiri for “our brothers and sisters of the Bangsamoro to sit down and discuss how they can further their unity and also the kind of arrangement that they may obtain among themselves so that all together, we will be

moving forward towards the passage of the Bangsamoro Basic Law.” Coronel-Ferrer stressed that that intention of the BBL “is to create a democratic institution that will enable that kind of broad popular participation and representation from the different segments of the populace that will fall under the future Bangsamoro autonomous government.” She urged participation in the elections for the future Bangsamoro government “through the political parties that are being opened up for formation and participation in the Bangsamoro parliament.” T h e g ov e r n m e nt c h i e f negotiator noted that the Bangsamoro Parliament itself will be made up of a much bigger set of representation through the party-list system. Moro fronts’ views on BBL The MNLF group under the leadership of Datu Abul Khayr Alonto, during the public hearing, expressed full support to the signed Comprehensive Agreement on the Bangsamoro (CAB) and the passage of the BBL. Alonto earlier signed a communique with MILF Chair Al Haj Murad Ebrahim on January 5 at Camp Darapanan, that says both Moro fronts agree to “continue working together to foster strong Unity, Solidarity and Brotherhood as one Bangsamoro people.” On the other hand, the MNLF group under the

leadership of Muslimin Sema, clarified that they “are not against CAB and BBL in the furtherance of peace in our homeland.” However, they see the CAB as a partial fulfilment of both the 1976 Tripoli Agreement and 1996 Final Peace Agreement.

Tax...

from page 2

particularly in December 2014, where a deficit of -10.08 percent or equivalent to P6,064,541.26 was registered. During the said month, the BIR here was tasked to collect P60,165,000—but only yielded P54,100,458.74. On the other hand, he stressed it was not all a flop since his office still exceeded

the collection posted during the same period of the prior year by 7.63 percent or equivalent to P3,836,233.75.

Scholarship... from page 2

A public high school with more than 500 graduates is entitled to one additional scholarship slot in SUCs for every 500 graduates. The additional slots will be given to graduates whose ranks immediately follow the top 10 students and who will meet admission requirements for freshmen in the SUCs of their choice. Agencies tasked to provide support are the Commission on Higher Education (CHED), Department of Education (DepEd) and SUCs.

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

CDO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947

DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631

CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491

LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739

CORRALES BRANCH Corrales Ave., Cagayan de Oro City

CARMEN BRANCH Vamenta Blvd.,Cagayan de Oro City Tel. # (088) 231-2011

APARTELLE FOR SALE 30 M (NEG.) 1. LOCATION: Mactan Lapu-Lapu City Cebu, Near Imperial Palace Lot are 1,541 SQM 11 Fully Furnished Room w/ Hot & Cold Water, LCD, WIFI Cable w/ Coffee Shop, office, Nice Garden, Parking Space, 2 Staff Room, Income 150K above/month View Hiros Apartelle, Mactan or Youtube and Facebook

LOT FOR SALE 2. Hillsborough Pointe Pueblo Upper Carmen No Flood near SM & School at 6,500/SQM Lot Area: 395 SQM, Hillsborough Pointe Lot 2 Phase 4. 3. VIOS 1.5 XXXL, limited edition, Mileage 44K Full Skirt Sport type All Mags, 495 k Call: 850-1324/0917-853-5958 BWM: Nov 10, 2014-Jan 31, 2015

Valuing Education INVITATION FOR AUCTION/SALE We are inviting individual buyer to bid for Auction Sale on the following items: a.) 2nd hand water pump # 1+2 goulds submersible pump Model: 40 GS 3-HP 1 Phase 230 with control panel. b.) 2nd hand water pump # 3 goulds submersible pump Model: 40 GS 2-HP 1 Phase 230 with control panel. Opening Bid Price: P 250,000.00 To those who are interested to bid the Auction Sale of the above mentioned items, please get your bidding form at the Law Office of Atty. Conchito Oclarit located @ Pabayo-Gomez Sts. Cagayan de Oro City from January 26-30, 2015. Deadline of Submission is on January 30, 2015. For more inquiries and details please contract Mobile # 09984037015.

Gideon J. Miyas, Teacher III Mathematics Teacher Lala National High School, Maranding, Lala Lanao del Norte

Education is very vital to every human being. Education sets the every aspect of every individual. Education is a treasure to every human development and growth. Without education, life is colourless; without education, life is dark; and most of all, without education everything will seem to be nothing, no worth, definitely no value. We must value education. Education should be valued. A popular saying that goes, “Education is the only thing that our parents can guarantee our bright future ahead” implies a lot. Many said that we must do our best in school so that we can land a good job someday; probably a bright future awaits us. Many said that attaining good education is our vessel and instrument to success. Definitely, it is true. Young ones, we must value education from the time we see the beauty of this world. We should take every single day as a single learning

process for our progress and advancement. We should not stop learning. You should value all your parents’ effort in sending you to good schools for you to learn all things life offers. You should value every single centavo your parents have spent for you. You should value your teachers’ effort in educating you. Every single thing, you must value it for it is very significant to our everyday struggles in this world. Thus, value education as much as you value life, for education teaches as life’s insights and experiences which could be useful to our own personal development. Value education as you value your parents and loved ones and value education as you value God, that you can’t live without it. When you value education sincerely and passionately, you will reap success. Young ones, good luck in your studies!

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SATURDAY|JANUARY 24, 2015

GAME OF THE GENERALS “THE SIEGE” in cooperation with PhilGGo (Philippine Game of the Generals Organization)