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Volume IV, No. 58
Market Indicators
As of 6:12 pm jan. 29, 2014 (Wednesday)
FOREX
PHISIX
US$1 = P45.23
6,069.89 points
3 cents
X X Briefly 47.03 points
Davao SMEs
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Proposed int’l airport in Bukidnon pushed By IRENE DAYO Staff Writer
C
DAVAO City -- About 15 smalland medium- entrepreneurs (SMEs) in Davao will travel to Paris this October to explore the market and match with biz partners for possible trading of goods and crafts. This was said by Raf Vlumenns, founder of Entrepreneurial Coach and consultant of Davao City Chamber of Commerce and Industry (DCCCII). In an interview, Vlumenns said there is a wide market for the products of Davao citing for instance coconut products including buko juice and salad, and chocolate products from cacao beans grown here and other agri products. He said the SMEs will be bringing with them some products that they will showcase in an exhibit in Paris.
AG AYA N de Oro City R e p. Ru f u s Rodriguez (2nd district) and brother, Partylist Rep. Maximo Rodriguez (Abamin) are pushing for the establishment of an international airport in Central Mindanao to further boost the economic development in the area. The proposal is contained in House Bill 3106 filed by the Rodriguez brothers last year seeking the putting up of an international airport -- to be known as the Mindanao Central International Airport -- in the area bounded by Damulog, Bukidnon, in the north; Antipas, North airport/PAGE 11
New power plant TAGUM City -- A 15-megawatt diesel-fired power plant aimed at augmenting the city’s peak power demand was inaugurated last January 17. Tagum City Mayor Allan L. Rellon hailed the power plant as a welcome development for the city, which could curtail the power shortage in the city and making it friendlier to businesses. The power plant is a P610million investment of the EEI Power Corporation, one of the firms under the Yuchengco Group of Companies. It will serve the needs of Davao del Norte Electric Cooperative (DANECO) as a peaking power plant, operating during the peak hours of 8 a.m. to 10 p.m.
12:30 PM - 1:00 PM
ANTI-PORN DRIVE. Supt. Danildo Tumanda of the Cagayan de Oro City Police Office checks a shop for pornographic DVDs in Cogon Market in Cagayan de Oro City on Tuesday. The police and the local government have launched an anti-cyberporn campaign after Cagayan de Oro was tagged as among the top four providers of cyberporn materials to the international market. mindanews photo by froilan gallardo
Power firm earmarks P78B capex for power projects this year By GRACE BEBER, Staff Writer
THE Aboitiz Group’s foray into the power industry gets the biggest pie of its P88 billion capital expenditures in 2014 in a bid to further boost its power generation business
in response to the increasing demand for energy. In a press statement yesterday, the company’s listed firm Aboitiz Equity Ventures (AEV) declared
that its power business is allocated with P78 billion as it continues to explore and build new power plants to meet the country’s need for additional power generating capacity. power/PAGE 11
Mindanao Daily NEWS
FINISHING TOUCHES. A worker at the 7-MW Tudaya II run-of-river project of the Aboitiz-owned Hedcor Inc., in Barangay Astorga, along Sibulan River in Sta. Cruz town in Davao Del Sur. mindanews file photo by froilan gallardo
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Israel business group eyes tech assistance for DavSur DIGOS City – The technical staff from the Tahal Group based in Israel arrived here on Monday to conduct ocular visit in some areas of the province that need technology assistance.
This, after officials from Israel and the provincial local government have explored talks during the previous visits, of the possibilities of identifying areas that need to israel/PAGE 10
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Economy
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Iligan biz group holds orientation on local economic development By LORRY V. GABULE, Contributor
ILIGAN City -- The Chamber of Commerce Industry Foundation of Iligan, Inc. (CCIFII ) has initiated another step to mobilize the development of the economy of Iligan. In this regard, the chamber spearheaded by president Emily M. Pascua hosted a free Orientation on the Role of the Private Sector in Local Economic Development in Iligan, reaching out and involving
other business groups and the academe to participate in this event mainly to know their role as well. As one, together with our chamber, we would like to strengthen the private sector here in Iligan, explained
Pascua. We would like them to see the formulation and implementation of government policies to enhance business and create domestic and international investment opportunities, said Pascua. The Iligan chamber has already engaged in the local government unit (LGU) with its economic enterprising, and always been supportive of the Iligan Business Registry which started under the term of President Pascua. Thus, how will the private sector engage the local government units ? This was the question addressed to the participants by Director Dixon Q. Yasay, the event’s speaker, an expert from the Xavier University Governance and Leadership Institute. He mentioned around seven tools the private sector would consider. First is to engage in policy making. The city mayor and the city council are equally important. While the City Council directly deals with the public, there should be representation from the private sector or any chamber in the formulation of policy of the city. Second is a very challenging role which is to attend hearings at the barangay level. It says that
a peaceful city starts in a barangay. Engage directly with the barangay council, the chamber can ask directly what are the barangays’ potentials and their needs. Thirdly, the product development should align with the academic institutions in Iligan, the product and how it’s been developed. The fourth one is how to make LGUs economic enterprise profitable, this concerns on shift of paradigm, through leadership, making sure that people are engaged in enterprising. While the fifth is microfinance. YAsay cited microfinance is rather a tool, not an objective.. The objective is to get people out of poverty. That poverty does not belong to human beings. Poverty is not created by poor people, it is imposed by outside. Another tool is capacity d e v e l o p m e nt w h e r e i t requires area that can help thru Community Based Management System (CBMS), focus on interest output not outcome. Lastly, the economic positioning largely depends on how does private sector engage or position themselves. What is popular is not necessarily strategic. development/PAGE 10
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Del Monte sets timetable for buyout of US food firm FOOD AND BEVERAGE firm Del Monte Pacific Ltd. expects to complete its acquisition of US-based Del Monte Corp.’s consumer food business by the middle of next month, the former said in a Jan. 27 circular to shareholders that was uploaded on the Philippine Stock Exchange (PSE) Web site yesterday. An indicative timetable in the circular showed a general meeting to secure shareholder consent will be held on Feb. 11 in Singapore, where Del Monte Pacific is also listed, and Feb. 18 as the expected date of completion of the proposed acquisition. Del Monte Pacific had d i s c l o s e d t h ro u g h t h e PSE last Jan. 23 that it had received “in-principle approval” of Singap ore Exchange Securities Trading Ltd. ( S G X - ST ) for t he proposed acquisition. It had said then that “final approval remains subject to conditions such as compliance with SGX-ST listing requirements and shareholder consent, among others.” PSE Chief Operating Officer Roel A. Refran had said then that the local bourse does not need to approve the acquisition, “but if there are share issuances relating to the deal, then the normal listings application
will have to be submitted to us for consideration.” Del Monte Pacific -which is not affiliated with other Del Monte companies worldwide -- holds the rights to the Del Monte brand in the Philippines, the Indian subcontinent and Myanmar and is controlled by the Campos family’s NutriAsia Pacific Ltd. In October last year, it said it had entered into a $1.675-billion deal for the purchase of brands, certain assets and liabilities related to Del Monte Food’s consumer food business in the US plus stakes in a number of South American units. The company said it expected the purchase to add around $1.8 billion in sales. The circular yesterday said the acquisition “will be funded through a combination of equity…and institutional debt financing,” specifically: • approximately $80
million from existing credit lines; • $ 3 5 0 m i l l i o n through issuance of perpetual preference shares -- though the company last Jan. 14 obtained a bridge loan facility worth $350 million from BDO Unibank, Inc. “until such time the preference shares are issued”; • another bridge loan facility worth $165 million from Bank of the Philippine Islands, also secured last Jan. 14; • $75.5 million though share placement or bridge loan, or both; as well as • a n o t h e r $ 7 4 . 5 million from issuance of new shares to investors for a minority stake in an “intermediate holding company” called DMPL Foods Ltd. T h e c i rc u l a r a d d e d that the Consumer Food Business will obtain separate institutional debt financing of up to $970 million “to be used for working capital needs and general corporate purposes.” Incorporated on May 27, 1999 as an international business company under the laws of the British Virgin Islands, Del Monte Pacific del monte/PAGE 10
SCHOOL GROUNDBREAKING IN CAMELLA ILOILO: Manny Villar, Chairman of Villar Group of Companies leads the ground-breaking ceremony marking the start of construction of Georgia International Academy’s Annex Building in Savannah City, Camella Iloilo. Founded in 2008, Georgia International Academy is strategically located within Camella Iloilo’s Savannah City; thus, offering quick access and security for students while providing quality progressive education. Joining Villar in the ground-breaking ceremony are (from left): Jerry Naverete and Ms. Ivy Rose Villanueva, President and Executive Director of Georgia Education System, respectively; Dr. Myrna Castillo, DepEd Superintendent, Division of Iloilo; Ms. Emily Tenerife, Principal of Georgia International Academy and Mrs. Michelle Sorianosos, PTA President.
Vista Land brings school closer to home in Camella Iloilo G E O R G I A A c a d e m y, a network of schools strategically and conveniently located within C a m e l l a c o m mu n i t i e s , recently marked the start of construction of an Annex Building located in Savannah City, C amel la Iloi lo to accommodate more enrolees and cater to the growing
needs and varied interests of its students. Manny Villar, Chairman of Vi l l a r G roup of Companies, together with D e p E d Sup e r i nt e n d e nt (Iloilo Division) Dr. Myrna Castillo, and officers of the school led the laying of the capsule during the groundbreaking ceremony.
“We are continuously developing and strengthening our communities so we also built schools within our Camella communities. With the children’s school located close to home, access is made easy, safety and security become less of an issue, travel time for the vista land/PAGE 10
LUCKY CHARMS FROM SM ACCESSORIES Jasper and Aventurine is said to bring good luck and opportunities.
Green Jade is known for giving energy for the healing of mind and body.
Honey Jade, the stone for happiness is also associated with vitality and understanding.
Tiger Eye, the stone of protection.
Bring everlasting love and good fortune with this Red Blossom charm bracelet.
The Black Pi Yao is the stone of good fortune and is also used in dispelling fears.
Tur n on the c har m and bring on the luc k as we welcome the Year of the Wooden Horse with pretty c harm bracelets from SM Accessories. Made from stones that are not only eye-catc hing, but also said to be auspicious, these bracelets are a good way of starting the year in style. A t t ra c t g o o d l u c k w i t h Ja d e, a l s o t h e
stone that has been regarded for centuries to create a feeling of harmony and balance. Honey Jade is said to bring forth happiness, spiritual growth and satisfaction in life. Tiger Eye protects with its powerful and dynamic energy. Red Blossom is said to bring everlasting love and good fortune; while Black Pi Yao
is known as the stone for good fortune while also bringing emotional stability. Colorful Jasper & Aventurine bring opportunities while giving courage and inner strength. SM Accessories’ Chinese New Year Charm Bracelets are available at the Ladies’ Accessories Department of The SM Store in SM City Cagayan de Oro.
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Additional tax exemption for senior citizens
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Women Are From Venus
T
THINK
hink a minute…What do husbands and wives A Minute need from each other? A By Jhan Tiafau Hurst best-selling book entitled, Men Are From Mars , Women Are From Venus, explains how men and women are different creatures. So for marriage to work, husbands and wives must know each o t h e r ’s d i f f e r e n t n e e d s before they can meet and fill those needs. It’s then they can have a satisfying marriage. Today we’ll let the ladies go first, and next time we’ll talk about husbands’ needs. Women basically need 3 things from their husband. Number 1: affection. Not just sex, but thoughtfulness, kindness, and yes, romance! Some of us men treat our wives like they’re just our housekeeper and lover! Friend, our wife needs our full attention and affection. So let her know how often and how much you think of her. Number 2: your wife needs conversation and friendship. One of the biggest disappointments that wives have is that their husband almost never sits down and chats with them. And that their husband doesn’t treat them like a friend or equal. Number 3: Your wife needs faithfulness. Not just in providing money for food and a home, but faithfulness to her personally! Your wife needs to know that you’re a one-woman man! And that later you won’t trade her in like an old car for a new model. God, Who invented marriage, also gave us His manual for marriage: the Bible. When all else fails read the manual! In the Bible Jesus Christ clearly shows and explains how husbands are supposed to love and serve the needs of their wife. But you’ll never have what it takes to satisfy and meet your wife’s needs until you ask Jesus Christ to forgive you for your self-centeredness and let Him take full charge of your character. Only with Jesus’ strength and real love can you be the man and husband your wife needs. Just Think a Minute…
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Additional exemption for senior c it i z e n s i s b e i n g s ou g ht i n determining income tax, which shall be equivalent to the maximum amount of exemption allowed for dependents. The porposed measure said equity dictates that one who pays income taxes during the twilight of his life should be allowed to claim additional exemption corresponding to that which can be claimed by one who pays income taxes while he is at the prime of his life. “As the taxpayer grows older, the time will come when he can no longer claim any additional exemption for his dependents. From then on, the taxpayer pays higher income taxes sans the additional exemption. This is a burden that he will have to carry even if the taxpayer reaches his senior years,” according to the measure.
Under Section 35 of the National Internal Revenue Code or Republic Act 8424, as amended by R.A. 9504, he said an individual income taxpayer is allowed to claim additional exemption in the amount of P25,000 for each dependent not exceeding four. “ T he cla i m for add it iona l exemption, however, is allowed only until any of the dependent dies, marries, becomes 21 years old, or becomes gainfully employed,” it added. In House Bill 2953, a further amendment to Section 35 of RA 8424, as amended, to allow senior citizens to claim additional exemption in determining income tax is also
proposed. Section 35 of R.A. pertains to the allowance of personal exemption for individual taxpayer. The bill now pending at the House committee on ways and means provides for an additional Sub-section E titled “Additional Exemption Allowable to Senior Citizens.” The new sub-section provides that “An individual taxpayer who is a senior citizen shall be entitled to an additional exemption in the amount equal to the maximum additional exemptions allowed for dependents.” Further, the additional exemption shall be claimed by only one of the spouses in the case of married individuals, and that the claim for additional exemption shall be divided equally between the spouses in case they are legally separated, the bill provides.
There’s a proposal to increase the local government units’ forty percent (40%) share of the national revenue taxes to fifty percent (50%) by January 2015 and 60% from January 2016 onwards. Rep. Francisco Matugas (1st District, Surigao del Norte) is author of HB 2619 increasing the share of LGUs in the national internal revenue taxes by amending Section 284 of Republic Act 7160 or the Local Government Code of 1991. The Local Government Code mandates that on the first year of the law the share was 30 percent, 35% on the second year and 40% on the third year and thereafter. “After two decades from
implementation, the said (40%) share is deemed insufficient for local government units, particularly those belonging to lower income classifications or lower f isca l capacit y, considering the enormous powers and responsibilities devolved to them,” Matugas pointed out. This is why, he said, many LGUs have been clamouring for some devolved functions and responsibilities such as health services to be transferred back to the national government. The Constitution, Matugas stressed, explicitly states that the LGUs shall have a just share in the national taxes. This means that the LGUs have a right to taxes collected by the Bureau of Internal
Revenue (BIR) and that LGUs receive not just a share in the national taxes but that the percentage of its share must be considered ‘just’, the lawmaker stressed. “Therefore, this proposed amendment to increase the share of LGUs in the national internal revenue taxes should be increased, including the Value Added Tax (VAT) being collected by the Bureau of Customs, from forty to sixty percent by the year 2016,” Matugas concluded. The bill is now under consideration by the House Committee on Loca l gover n ment cha i red by Rep. Pedro Acharon, Jr. (1st District, South Cotabato & General Santos City).
special feature
Increase of LGUs’ share in national revenue taxes sought by Surigao solon
Davao City: Building A Stron Costumer Base In The Hotel Industry
I
N THE HEART OF THE CITY has a strong implication of what the industry wanted to be in the next three years. The city government in cooperation with the business community has embarked on a massive trade and promotions effort to make Davao City the alternative investment and tourism destination in the Philippines after the National Capital Region. Davao City has the size, location, favorable weather and natural resources to support grandeur plans to attract business locators and foreign visitors. Davao International Airport which handles seventy two incoming and outgoing domestic flights daily have added the international link to Menadu in Indonesia, Kuala Lumpur in Malaysia and Changi in Singapore. Served by local carriers Cebu Pacific and Philippine Airlines, Air Asia – Zest Air have established reciprocal flights with East Asian airline companies to connect southern Mindanao to the EAGA countries. Shopping counts as the most attraction with the local retails and national mall branches signing for the Davao Grand
Sale which debuted last January 24 until April 30, 2014. Huge discounts are now enjoyed by the Tourism H i - way locals and foreign shoppers in By Ped Quiamjot all malls and department stores in the City. The MICE market which has been instrumental in hitting the more than 3 Million arrivals in the region last year is expected to grow 6 percent this year and have been driving the high rise building boom in the city. A new 300 rooms, 4star hotel property is fast rising along J. P. Laurel Avenue. The JTC Tower Palace & Convention Hotel has a 2000 pax set down capacity Grand Ballroom that will compliment the nearby 234 rooms Radisson Park Inn of the SM Group to quiamjot/PAGE 10
TRAVERSING
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EVERYBODY’S CALL FOR HONESTY By JUPITER Y. TAGUPA Sanggaya Elementary School Talakag District II
“Honesty is the best policy”, this is a quotation posted in the tarpaulin and in a bulletin board which is common inside and outside the buildings of the different fields of the Department of Education. What is honesty by the way? Can you please use an adjective to describe it? Technically, according to Merriam Webster Dictionary, Honesty is an act of being honest and Honest is defined as being free from fraud or deception. Therefore, honesty is congruent to the word TRUTH. The quotation serves as a remainder to all employee of this department to show honesty in everything we do. A call to reinvigorate the integrity of our team as source of basic learnings of life long literacy, a catalyst of change in this updating world and a moral icon as well. Why is that so? Are teachers dishonest individuals? Will anyway, dishonesty has nothing to do with your profession, but our survival mechanisms to this reality may justify, hence, making honesty an extinct virtue in the conscience of every employee not only in DepEd. but most government agencies. As the chorus of Billy Joel’s songs goes: “Honesty is such a lonely word. Everyone is so untrue. Honesty is hardly ever heard. And mostly what I need from you.” Accordingly, teachers should be honest in all details of their daily routine. Starting from the records of our punctuality and attendance down to building rapport for their pupils saying they treat them all fairly. Remember that whatever the teacher says will always be correct and
believed in the eyes of the innocents. Having associated in the very crucial foundation stage of a child makes a teacher influential in the life of every individual. That is why teachers should manifest honesty in their deeds in dealing to their pupils for they are molding the future of this country. A future with constituents imbued with the virtue of honesty. How do we acquire the virtue of being honest? For me it a matter of parents’ up brings and the society around him since accordingly it takes the entire village to educate a child. We have these sayings: “sa mata ng bata ang ginagawa ng matatanda ay nagiging tama”, “ang puno ng mangga ay hindi namumunga ng biyabas” and “ang nabubusog sa nakaw ay lumalaking magnanakaw”. Our home is our first avenue of learning and our parents are our first mentor in life. The first values in life and virtues of integrity should be first met at home and should be reflected to the personality of our parents, shouldn’t it? As the child goes out home, parents don’t have control anymore to degree of learning a child may acquire. Here comes lokos parentes or the second parent, our teachers in school who become the reference of every child. Don’t forget the peer influence, the church and media that also mold the life of an individual. Trust is a necessity in life. Obtaining such can only be materialized by honesty. And exposing a child to an honest community will break the cycle of corrupt reality which can be our means of putting our country to top.
The need for classrooms continue By Reuben J. Lagura
Classrooms are a vital part of the country’s educational system, something that we clearly lack about. Crowded classrooms here in the locality show a 100 is to 1 student-teacher ratio, this is somewhat stressful and rowdy at times, and yes this is still a sad reality in the Philippine educational system. According to an online article: “a low student-to-teacher ratio can increase student achievement, enhance a child’s test scores and provide lasting academic benefits.” And that “Individualized Attention - Of course, the primary reason behind these benefits seems to be that teachers who have fewer students are able to provide each student with more individual attention. Fewer students mean that teachers have more manageable workloads and more time to work oneon-one with students; they can engage them more, try out different activities and lessons that might not be feasible in a larger class size, and, because they have fewer students to monitor, they tend to spend less time on classroom management issues, such as discipline.” (source: http://everydaylife.globalpost.
READ! www.businessweekmindanao.com
com/importance-low-student-teacherratio-8579.html) Government school buildings have been in full swing since the Aquino administration began. Donations from international organizations, from partner institution and even congressmen and senators all pitch-in to help boost the nation’s building of classrooms. In an article posted online by the Philippine Daily Inquirer’s correspondent, Tarra Quismundo,: “There are congested schools that are forced to have double shifts or triple shifts with no buildable land. But I don’t think the proper response there is to build classrooms,” said Luistro at an education conference organized by Philippine Business for Education (PBEd). (Read full article here: http:// newsinfo.inquirer.net/168505/depedmany-public-schools-lack-space-formore-classrooms#ixzz2rkdiIkQR) Also, if more schools will be given the opportunity to build structures for classrooms – there is also a need to build them in accordance to safety. The recent calamities showed us how vulnerable our buildings are, reducing some into rubble.
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31st Annual General Membership Assembly (AGMA) last December 27, 2013 at FIBECO covered court Anahawon, Maramag Bukidnon.this is the 1st Simultinous AGMA thru video link use by the fiber optic line . photos by
Mildred B. Torrejas & Glenn R. Nicolas, ISD EDP Officer
President’s Message
Prizes for the Raffle draw ( Raffle will be based on the attendace who joined the Meeting)
Member Consumer from Maramag,Bukidnon @ Anahawon,Maramag,Bukidnon Major Prizes for the Raffle Draw
ISD Manager Mr. Armando A. Cantoy, ISD-Manager ,Engr. Argel M. Balicao with the winner
It is my pleasure to share this 2012 Accomplishment report to everyone who in one way or another has contributed to the pristine well being of our beloved cooperative-the First Bukidnon Electric Cooperative Inc. (FIBECO). Each year we come together to reafirm the very purpose of our existence as memberconsumer-owners of a service utility in this part of the country side through the annual General Membership Assembly. The power shortage in the Island of Mindanao is no longer new to all of us. In fact it is the very reason why the Board of Directors of Fibeco is mindful of addressing about and assures the delivery of high quality service at a least cost possible to the member consumers. Amidst this seemingly insurmountable task, the collegial Body decided to embark into power generation projects inspired by PD 269 as amended by RA 10531. These measures are imperatives of quality legislation which would address the need of a continuous power supply not just in its franchise area but to the whole Island of Mindanao. Consistent with the Clean Air Act and the need to participate in reducing Climate Change, we take the great challenge of investing to Renewable Energy Projects as evidenced by the proposed biomass and mini Hydro electric power plants. These resources are the cheapest source of power we have in the province considering their abundance supply in the area. We hope that while addressing the need to provide continuous and cheap supply of electricity,this undertaking will encourage more farmers to engage into agri-venture and in the process reduce climate change.
DR.REGIN D. MORDENO,M.D. (Board President)
Intertwined with our state of the art innovations, these power plants will prove— that together—we can great ideas come into concrete realities. Facts that have been established in this report are the result of the collective effort of the Board, the Management , our link agencies, and most of all, the member –consumer-owners of FIBECO.Indeed,our cooperation has delivered higher level of performance in governance which effectively espousesparticipatory leadership. Finally, we look forward that these undertakings will serve as model project to the rest of the electric cooperatives in the island so that jointly, we will continue to serve as propellers of economic development that would finally bring in lasting peace. We should all take pride in being member owners of FIBECO and in having achieved and gone this far. This shall be our legacy of service. DR. REGIN D. MORDENO,MD Board President
ROTARY CLUB OF CAGAYAN DE ORO RI DISTRICT 3870 Meeting at Seda Hotel, Executive Club Lounge, 11th floor every Thursday
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be developed and should be given technology assistance. The technical staff, Sigal Oz and Dov Skiba, met with the local government officials in a briefing at the provincial capitol on January 27. Oz and Skiba are agricultural developers of Larisa Shlafer Water Treatment of Tahal Group of Israel. After the briefing, the Israeli visitors went to Magsaysay town where they were oriented of the agricultural programs and practices of the said municipality. Magsaysay Mayor Arthur Davin shared his view of having adopted the organic farming which produces better yield compared to inorganic farming. Davin cited the Magrice, which is being locally, produced has a competitive edge as to quality that can be exported to other countries. Should budget warrants, the mayor said that they intend to develop the upland area for rice production. From Magsaysay, the group proceeded to Hedcor Power Plant in Sibulan, Sta. Cruz to check the technical aspects of the hydroelectric power plant. It was for a study on water bulk which could be processed and be distributed in the local market for public consumption. This could be made possible when the Digos City Water District gives positive response to the proposal which is also in consonance with the national government’s directive on public-private-partnership. The business delegation is expected to be back together with the technical staff to possibly come up with a memorandum of agreement with the concerned agencies and with the provincial government of Davao del Sur headed by Governor Claude Bautista as the brainchild of this remarkably new and laudable project. The Israeli delegat ion first visited Davao del Sur on December 4, 2013, and returned to the provcince last January 14, 2014.
Development... from page 2
While it is true that local chief executive, local legislative body, and local bureaucracy bl e nd to ge t he r and w it h representations from the private sector, there should be effective and quality legislation, disclosed Yasay. (lvgabule/PIA-10 LDN)
Del Monte... from page 4
Pryce Plaza Hotel Carmen Hill, CDO, Tel. No.722791 to93/858-4537 E-mail:reservations@pryceplaza.ph
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Vista Land... from page 4
children is minimized and the environment is very conducive for learning,” said Villar. Founded in January 2008, Georgia Academy envisionsto b e “t he countr y’s leading provider of quality, progressive education that will prepare children to be life-long learners in the large global community.” To date Georgia Academy has three campuses: Georgia Academy in Iloilo and Antipolo – offering pre-school to high school, and Georgia College
MASTER PLANNER PALAFOX REFUTED DPWH-JICA DIKE SYSTEM PROPOSAL CITING ADAPTIVE ARCHITECTURE FOR PASEO DEL RIO In a meeting initiated by the Mindanao Development Authority (MinDA) at Davao City January 15, 2014, master planner and architect extraordinaire Felino A. Palafox, Jr., underscored the need for adaptive architecture on the dike protection system along Cagayan de Oro River. The JICA proposal recommended a much wider coverage area to the detriment of the public and taxpayers.
World renowned urban planner and architect extraordinaire Felino A. Palafox, Jr. explaining adaptive architecture for the JICA project to succeed while world renowned pianist and Chairman of Safer River Life Saver Foundation Rudolf Pelaez Golez at right listens intently.
Instead of protecting the residents and various establishments, PALAFOX opined the DPWH-JICA proposal will actually put in harm’s way all stakeholders that are made to become part of the river spillway and overflow runoff. The proposed dike will effectively place some 120,000 inhabitants as well as a significant number of business establishments along the affected areas most vulnerable to flooding.
The midstream areas encompassing Calacala, Tibasak and portions of barangays Macasanding, Nazareth, Carmen and Balulang, to downstream Kauswagan, Puntod, Macabalan, a large portion of Bonbon, as well as the stretch on Burgos Street are all mostly excluded from the protection of said dike. PALAFOX added that as perennial victims of flooding, these areas must be given supervening priority and utmost protection instead of being excluded and thrown into the mercy of the rampaging river spillway. PALAFOX also lamented that the JICA proposal does not speak well of inclusive protection, i.e., no one is left out and no one is left behind. These are the very hallmarks of exemplar inclusion and smart growth which is the central policy and battle cry of President Aquino. Contrary hereto, the JICA proposal is a cold engineering intervention minus inclusive growth, completely oblivious to socio-economic realities. This is grossly discriminatory, socially insensitive, counter-productive, ill-advised, provocative and confiscatory. Together with Architect Palafox, also present during the meeting were Board of Directors/Owners of Paseo del Rio Messrs. Rudolf and Alain Golez representing the Chair and Chief Executive Officer Dra. Ochie P. Pelaez, Chief Finance Officer (CFO) of Zealep Group Mr. Rolex Ratilla, and Paseo del Rio President and Chief Operating Officer Ramid P. Gualberto. The DPWH was represented by Babes Hipolito of central office and Andy Sosa, the Project Manager while JICA was aptly represented by Team Leader for Flood Control Mr. Masaki Ito, and Acting Team Leader for Water Resource Management, Mr. Tadahiro Fukuda. The meeting was chaired and facilitated by MinDA Executive Director Miss Janet M. Lopoz.
RAMID P. GUALBERTO Paseo del Rio 0917.8970000
in Bulacan that currently offers six courses including a Bachelor of Science in Real Estate Management. A fourth Georgia Academy will soon rise in Cagayan de Oro.
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Quiamjot... from page 6
support the accommodations of the various regional and national conventions booked at SMX Convention Center which now ranked second to the convention facilities of the SMX Convention Center at the Mall of Asia in Manila. Along the main Davao thoroughfare, another 4star hotel property, the long idle PNB foreclosed Durian Hotel will be renovated with the entry of new investors. Before the end of 2014, Davao City will hit the 5,000 de luxe rooms’ capacity. Island Garden City of Samal or IGACOS is likewise coming strong with the rise of the property market to support the growth of Davao City in terms of leisure and resort forwarding destination. Samal is served with regular hourly fast craft vessels and RORO transport for vehicles and cargoes from Sta. Ana Port. Travelling around Samal is safe and comfortable with paved roads and a network of light transport land fleets. But what really attracts the world to Davao City aside from its hospitality and exotic fruits are its peculiar peace and order and discipline which have similarities to the Singaporean frame work of Lee Kuan Yu. Davao City Mayor Rodrigo Duterte which is bane to the criminals is a boom to tourism with his iron fisted leadership that makes Davaoenyos sleep well at night. This landscape provides further growth to the property market which saw the entries of big developers such as the Ayala Land, Robinson Land, Landco, Vista Land and SMDC. Regional developers like Filcris of General Santos City and Davao based NCCC of the Lim families have their own property and shopping mall development in the strategic locations of the city. While the Alsons of the Alcantara and the Aboitez Group are building a combined total of 410 megawatts coal power plants in Davao del Sur and South Cotabato that will be commissioned in 2016.
An industry leader for providing quality and affordable homes for the Filipino families, has recently established its Mindanao Operations and has opportunities for a COMPETENT Individual to lead and manage its new projects. JOB OPENING: PROJECT
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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. 2013-372 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 MARICHU D. BRIONES, mortgagor, married to Pablito M. Briones, residing at Gemelina St., Carmen, Cagayan de Oro City,Misamis Oriental,to satisfy the mortgage indebtedness which as of November 26, 2013, amounts to FOUR HUNDRED THIRTY ONE THOUSAND NINE HUNDRED NINETE.EN PESOS & 91/100 (P431,919.91), 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,Region 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. 136-2012000447 Lot : Lot 40,Blk 3,Psd-10-057664 Portion of Lot : Lot 1,Pcs-10-003972 As surveyed for : United Coconut Planters Bank (Pag-ibig Citi Homes) Land Use : Residential Location : Malanang,Opol, Misamis Oriental Boundaries : NW., along line 2-3 by Road Lot 8 (8.00 M. Wide); xxx... Area : Ninety (90) square meters,more or less. Including all improvements found thereon All sealed bids must be submitted to the undersigned on the abovestated date, time and place. In the event the public auction should not take place on 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 hereinabove described and encumbrances thereon, if any there be. Cagayan de Oro City, January 3, 2014 (Sgd.) FE O. BONTUYAN-BULARON Sheriff IV BWM: Jan.24, 31 & Feb.7, 2014
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Airport... from page 1
Cotabato, in the east; Carmen, North Cotabato, in the south; and Alamada, North Cotabato, in the west. “[This] will provide great opportunities for industries in which direct access to either air cargo or passenger flights is of importance,” the Cagayan de Oro lawmaker said in a statement yesterday. HB 3106 was referred to the House Committee on Transportation on Oct. 14 for consideration. Rufus, the elder od the two Rodriguez siblings, said that building the airport “would make it easy for farmers and producers of different produce to transport their products to anywhere in the country and would also provide additional business, investment and employment opportunities.” “Given its very strategic location, it would now be more accessible to nearby c ou nt r i e s l i k e B r u n e i , Indonesia and Malaysia, which allows it to establish trade relations,” he added. Rodriguez pointed out that Bukidnon -- a landlocked p r o v i n c e i n No r t h e r n Mindanao -- is considered the food basket of Mindanao and is a major producer of rice and corn in the region. However, he noted that there are no airports in the province. “For many of t he s e provinces, the nearest airport
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is the Laguindingan Airport in Cagayan de Oro City, which is considerably far from the center of Mindanao,” Rodriguez said. He added the island group’s major airports in Davao, General Santos and Cotabato Cities are coastal airports and quite far from Mindanao’s center. “Thus, it becomes difficult for tourists and would-be tourists to go to the various tourist sites and attractions that the region has to offer”. Central Mindanao, also known as Soccsksargen, is composed of the provinces of North Cotabato, South Cotabato, Sultan Kudarat, and Sarangani. The National Statistical Coordination Board lists Cotabato City as a component city, though it is physically located in the Autonomous Region in Muslim Mindanao.—with Wire reports
Power... from page 1
“With this year’s capex budget, we reiterate our commitment to provide reliable and ample power supply at a reasonable cost and support the Philippines’ e n e r g y n e e d s ,” A E V President/CEO Erramon Aboitiz said. Aboitiz said its subsidiary AboitizPower, along with its partners, is implementing a five-year plan to increase capacity by up to 2,098 megawatts (MW) by 2017.
AboitizPower is currently constructing three run-ofriver hydro plants with a total capacity of 28 MW. This consists of the 14 MW Tudaya I and II hydro plants in Mindanao which are expected to be completed by the first half of 2014 and the 13 MW Sabangan hydro plant in Luzon which will be finished by early 2015. The 300-MW Davao coalfired plant which broke ground in 2012, is also expected to be completed in 2015 to help address the power supply shortfall in Mindanao. This year, the company aims to begin expansion of its Pagbilao coal-fired plant and construction of its Cebu baseload plant. These two projects will increase capacity in the Luzon and Visayas grids by an additional 400 and 300 MW respectively by 2017. The Group’s banking unit, UnionBank, will invest P680 million for technologyrelated expenditures and the expansion of its branch network in line with initiatives to ensure customer satisfaction and maximize growth in both deposit and loan accounts. AEV’s Iligan City-based food subsidiary Pilmico is also spending P2.7 billion for the expansion of its feeds and farms operations through the construction of two feedmill plants and the third expansion of its breeder and growing-finishing farms.
SM sets P36B to boost shopping mall business SM Prime Holdings, Inc. has earmarked P36 billion in capital expenditures this year mainly to beef up its shopping mall business, riding on the country’s growing economy. “We are still trying to acquire more properties. We will definitely try to look for land banking,” SM Prime chief financial officer Jeffrey Lim told reporters on the opening of the SM Megamall Fashion Hall on Tuesday. Lim also bared that the company will spend around P10 billion to expand its six existing SM malls in the country over the next three years. He noted that enlarging the MOA alone, including putting up a new office building, is estimated to cost P1 billion to P2 billion. SM Prime president Hans Sy estimated that the expansion Property arm AboitizLand estimates that it will be spending roughly P4 billion as it opens new phases for its Priveya Hills, Pristina North, and Almiya projects. The developer is looking at launching at least three new residential projects within the year. It has also
projects could contribute 14-percent growth in the company’s revenues this year. “Expansion is a very good key to increase revenues because these are matured malls,” he said. While the company is targeting to open its mall in Tianjin in China this year, Sy said it is focusing more in growing the Philippine business. “Our main interest is still here in the Philippines. China is a growth story but our focus is still here,” he said. Sy said they are banking on the continued expansion of the Philippine economy. “We don’t wait for the economy to grow before we expand but we are looking positively at the economy. Even doomsayers say is it sustainable or not, we are confident that it is sustainable,” he noted. (PNA)
recently entered into a joint venture agreement with Ayala Land for the development and operation of a 15-hectare city center in Subangdaku, Mandaue City in Metropolitan Cebu. Likewise, AEV’s fuel unit, Aseagas, will break ground on its $50 million liquid biomethane plant, which
will produce transport fuel from organic waste. Once completed, the plant will have a capacity of around 9,000 metric tons of bio-methane per year. Construction is expected to be completed within 18 months. Aseagas will be another producer of Cleanergy for Aboitiz.
House and lot, car awarded to 25-year old grand winner By Irene Joy B. Dayo
H
ouse and lot and a car were awarded to Ororama Papremyo Todomax Bahay Kotse Pera grand winner, Marigel Soria. It was during the awarding program held January 25, 2014 at Ororama Supercenter, Cogon, this city. The grand winner was d e c l are d on l y on l a s t December 21, 2013, a month before. However, Ororama Marketing Manager Mary Globien Salcedo said that they set a separate date for the awarding because they wanted all the winners to be around and give a special day for them to be awarded with the prizes. Marigel Soria was given with house and lot documents and a car key during the awarding. Soria is only 25 years old and a resident coming from Kapisnon of Barangay
Kauswagan. In an interview, she said that it was very lucky of her to be picked among so many who joined the raffle. Her brand new Honda car and house and lot are added bonus for she also has passed the Criminologist Licensure Examination. Soria is a graduate of Southern Philippines College. O t he r t h an he r, te n winners of P5,000 worth of Ororama gift certificates were also awarded during the program. Further, Ms. Salcedo announced to all the shoppers and residents of CDO to be at Ororama Supercenter on January 31, 2014 for there is a big thing coming up on that day. She hesitated to name it for they consider it as Ororama’s surprise for 2014. However, she made sure that it is similar and bigger than 2013’s promo.
Marigel Soria (second from the left) holds her house and lot documents and car key. It was given to her during the awarding ceremony held recently. In her left is host Ches Baconguis, Star Patroller of TV Patrol Northern Mindanao. In her right, on the other hand, are Ororama Marketing Manager Mary Globien Salcedo and Talent Grey Mendoza.
Marigel Soria test drives her new Honda car.
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friday|january 31, 2014
Shopwise ushers in the Chinese New Year with big sale and activities On January 31, Shopwise welcomes the Year of the Wood Horse with a line up of exciting activities, promotions and a 3-day Sale for shoppers. Catch the lion and dragon dance at 1 p.m then learn the basics of Chinese food cooking in a demonstration by the Culinary Institute of Cagayan de Oro from 4 p.m. – 6 p.m. Wisecard Elite card members are in for an extra treat with free fortune cookies on this auspicious day. Enjoy up to 90% off on f ash i on , home and houseware items, electronics, appliances, toys and more in a 3-day Sale from January
31 to February 2, 2014. Set your sights on amazing Buy One Take One offers on select fresh items and select groceries. Shopwise, the preferred one-stop shopping destination for fulfilling the basic needs of the Filipino family due to its affordable quality, everyday freshness, budget-friendly variety and efficient service offers customers a wide selection of fresh goods and produce, groceries, fashion items, health and beauty products, s c h o o l s u p p l i e s , t oy s , gadgets, home accessories, ele c t roni cs, appli ance s and more, all under one
roof. Expect big deals, big bargains, big discounts, big savings and big value at Shopwise, the good life you can afford. Shopwise LKK is located at 2nd Level of the East Annex Building, Limketkai Mall, Limketkai Center, Cagayan de Oro City and i s op e r ate d by Ru st an Supercenters, Inc., a member of the International Dairy Farm Group. It is open daily from 9:00am to 10pm. For updates and promotions, v i s i t w w w. s h o p w i s e . c o m . p h , w w w. f b. c o m / shopwisesupercenters a n d w w w. t w i t t e r. c o m / shopwisedeals.
Every Day is an Uptown Shopping Day at The SM Store! Starting January 27 to February 2, all residents and employees at Upper Carmen will enjoy 10% discount for a minimum P1,000 single receipt purchase with the SM Advantage, SM Prestige, BDO Rewards or Mom Cards. 5% for Non-SMAC members. Simply present a government, company, school ID or any proof of address to avail this exclusive offering.