Issuu

BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Volume IV, No. 44

Market Indicators

As of 5:57 pm jan. 2, 2013 (Thursday)

FOREX

PHISIX

US$1 = P44.45

5,984.26 points

11 cents

X Briefly 94.43 points

Caraga’s tourism BUTUAN City -- Caraga’s tourism industry is targeting an increased contribution to the regional economy of some P3.91 billion more and 48,522 new jobs by 2016. To meet these goals, industry players are adopting three main strategies as outlined in the National Tourism Development Plan 20112016, namely – 1) improving market access and connectivity; 2) developing and marketing competitive tourist destinations and products; and 3) Strengthening tourism institutional government and human resource capacities. The 2016 targets are made after due consideration of 2012 base figures such as the estimated P1.16 billion gross value added (GVA) in 2012 and about 74,465 jobs as of the same year. Estimates were based on the number of tourists, revenues generated from each tourist, the input level standard for the gross value added or economic contribution figures, and the jobs created per tourist standard used by local government units. The move was made during the Learning Session on Green Tourism cum Roadmapping Workshop, recently.

ARMM investments ZAMBOANGA City – The Autonomous Region in Muslim Mindanao (ARMM) for 2013 has recorded P1.463 billion in investments, 157 percent higher than last year’s P569 million. Ishak Mastura, chair and managing head of Regional Board of Investment (RBOI-ARMM), said this was the second time the ARMM hit the P1 billion mark. The first was in 2011. The RBOI-ARMM has registered four firms this year that availed of both fiscal and non-fiscal investment incentives. One of these companies is Al-Tawi-Tawi Nickel Corporation (ANC) which emerged as the top investor that poured in P707.9 million for an expansion project on mining and quarrying of nickel ore in Barangay Tumbagaan, Languyan, Tawi-Tawi. The second top investor was the Bumbaran Development Corporation, which constructed 1,500 housing units worth P365 million in Barangay Sarmiento, Parang, Maguindanao.

www.businessweekmindanao.com

12:30 PM - 1:00 PM

FREE TV CH. 21 SkyCable Ch. 16 | Global Destiny Ch. 28 Cablelink Ch. 14 | Cignal Ch. 10

P15.00

Friday - January 3, 2014

Oro solons renew call for mandatory CCTV A

By SAMMY F. MARTIN Philippine News Agency

FTER proving that closed circuit television (CCTV) is becoming a necessity for residential and commercial areas in deterring crimes, two Mindanao solons on Thursday renewed their call on their colleagues to support their measure making CCTV cameras mandatory requirement for business establishments and government offices all over the country.

The proposal embodied in House Bill 2449 or the proposed “CCTV Act of 2013,” was filed by siblings Reps. Rufus Ro driguez

Rep. Rufus Rodriguez

(Cagayan de Oro City) and Rep. Maximo Rodriguez (Abante Mindanao party list). According to the solons, solons/PAGE 7

Davao hotels to undergo review for star ratings By CARMELITO Q. FRANCISCO Correspondent

DAVAO City -- Industry experts will assess tourist establishments in the Davao region early this year to give them their star value recognition. T he re v i e w is p ar t of t he $7.1-million assistance the Asian Development Bank and the Canadian International Development Agency provided the government in order to raise tourism standards in the regions to meet international requirements. Arturo P. Boncato, Jr., assistant secretary and regional director of the Tourism department, said ratings are necessary especially for hotels and other accommodation-dependent establishments. He explained that the government classification currently used, which c ategor izes est ablishments as “economy,” “deluxe” and “first class,” is different from the standards accepted internationally. ratings/PAGE 7

2014. First sunrise of 2014 as viewed from Sta. Ana wharf in Davao City, 1 January 2014. photo courtesy of michael w. li

UN: PH economy projected to grow 6.7% in 2014 By DANIELLE VENZ Contributor

THE Philippines is projected to sustain its robust growth in 2014, making it the second fastest growing economy in the Asia-Pacific region next to China, according to the latest United Nations (UN) macroeconomic projections for the region. In its Economic and Social Survey of Asia and the Pacific 2013: Year-end Update, the UN Economic and Social Commission for Asia and the Pacific (ESCAP) sees the country’s gross domestic product (GDP) growing by 6.7 percent next year. “And could see further acceleration due to reconstruction activities in the aftermath of Typhoon Haiyan (international name for typhoon Yolanda),” it said. ESCAP noted that remittances would continue to serve as a stable source of support for the Philippine economy given the better outlook for receiving countries as well as the economy/PAGE 7

DOE expects Mindanao power woes to persist in 2014 MINDANAO is expected to have insufficient power generating capacity to meet demand next year, the country’s Energy chief said. Secretary Carlos Jericho L. Petilla said that Mindanao consumers’ only recourse to avert power supply disruptions is for their electric cooperatives to secure electricity from

the Interim Mindanao Electricity Market (IMEM). “Forecast shows shortfall but we hope the IMEM will resolve this but only if the coops are willing to buy from IMEM for their shortfall,” he said. The IMEM is a platform for trading electricity that allows

Mindanao Daily NEWS

establishments that have generators and plant operators with excess supply to sell to the grid. The power market was established in November 26 to help Mindanao improve its tight power supply situation. Petilla said that the IMEM, at expects/PAGE 7

northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

Editorial and advertising email : businessdailymindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776

BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Friday - january 3, 2014

Petron rolls back LPG price on New Year’s Day MANILA -- Petron Corporation rolled back the price of its liquefied petroleum gas (LPG) products for the month of January effective on New Year’s Day.

In a text advisory to the Philippine News Agency, Petron decreased by P7.56 per kilogram of its LPG products inclusive of value added tax (VAT). (PNA)

Economy

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

124,000 new BPO jobs expected to open in 2014 MANILA -- The country’s mega business process outsourcing (BPO) firms are expected to spearhead the production of roughly 124,000 new full-time jobs in 2014, Pasig City Rep. Roman Romulo, a key industry backer said Wednesday. “Based on sectoral projections, we are confident that BPO firms will be able to add an average of 124,000 well-paying jobs annually from 2014 to 2016, or a total

of 372,000 new posts over the next three years,” Romulo said in a press statement. “This will help address unemployment, especially among college-educated

Filipinos,” said Romulo, chairman of the House committee on higher and technical education. A previous survey by Pulse Asia Research Inc. showed that “creating more jobs” is one of the top five urgent national concerns, along with fighting official corr uption, controlling inflation, improving the pay of workers, and reducing poverty. According to the veteran lawmaker, they are counting on the bigger BPO players to continue to drive the formation of new jobs. “As they draw in more business, the super BPO firms can quickly scale up their activities here and hire extra staff, while reducing cost per unit of output owing to greater operational efficiency,” he explained. R omu lo sing le d out BPO giants Accenture and Convergys, both of which now have more than 35,000 employe es e ach in t he Philippines. Based on their 2012 revenues, released here for the first time, Romulo named the country’s 36 mega BPO firms, to include the

in-house outsourcing units here of global corporations, as follows: Accenture Inc. (P28.104 billion in revenues); C onv e r g y s P h i l ippi n e s Services Corp. (P17.281 billion); JPMorgan Chase Bank N.A–Philippine Global Service Center (P10.805 billion); 24/7 Customer Philippines Inc. (P7.711 billion); Telephilippines Inc. (P7.241 billion); TeleTech Offshore Investments B.V. (P6.978 billion); Sutherland Global Services Philippines Inc. (P6.805 billion); Stream International Global Services Philippines Inc. (P6.738 billion); Sitel Philippines C or p. (P6.364 billion); Deutsche Knowledge Services Pte. Ltd. (P5.754 billion); Sykes Asia Inc. (P5.617 billion); IBM Daksh Business Process Services Philippines Inc. (P5.516 billion); Aegis PeopleSupport Inc. (P5.445 billion); TeleTech Customer Care Management Philippines Inc. (P5.402 billion); IBM Business Services Inc. (P5.211 billion); Telus International Philippines Inc. (P4.962 billion); Shell Shared Services (Asia) B.V. (P4.821 billion); H SB C E l e c t ron i c D at a BPO/PAGE 6

0917-7154399 088-856-8562/63

www.dahilayanforestpark.com

AMENITIES : ZORBIT * ATV * TREE TOP ADVENTURE BUGGY * BUNGEE * PICNIC GROUNDS PLAYGROUND * CAFE * LUGE * MINI GOLF ROOM ACCOMODATIONS

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

Yao transfers beverage business to Maybank ATR ahead of backdoor listing FORMER ambassador Alfredo Yao has moved to consolidate the operations of his beverage business under listed Maybank ATR Kim Eng Financial Corp, setting the stage for the former’s backdoor listing. In a special meeting on Friday last week, the board of directors of ARC Refreshment Corp (ARC), a subsidiary of listed Maybank ATR, cleared the acquisition of the operating assets and some liabilities of Asiawide Refreshment Corp, the license holder of RC Cola in the Philippines. ARC will also purchase all the operating assets of Mega Asia Bottling Corp consisting of machinery and

CorporateWorld

equipment used for bottling operations. L ast week, May bank ATR had said it acquired the written assent of holders of two-thirds of the entire subscribed and outstanding capital stock of the firm approving the amendments to its Articles of Incorporation. Maybank ATR is changing its corporate name to Macay Holdings Inc, as well as its primary purpose to reflect the business of a holding company. It is also removing references to rubber or vehicle tire business in the firm’s secondary purpose. Most of the minority May b a n k s h a re h o l d e r s ignored the offer of Mazy’s Maybank/PAGE 6

CAMILLE CO FOR SM SOIREE Abstract print dress with faux leather detail

IT all started with a little girl’s dream. From simply sketching gowns and dresses, Camille Co has become a fashion influencer with her blogs, and great personal style and designs. Today, Camille brings her young elegance in-store as she teams up with SM to design the holiday collection of its Soirée label in its Girls Teens Wear line. With Carine Roitfield, Ka t e M o s s a n d D i a n e K r u ge r a s h e r f a s h i o n icons, Camille’s collection

for Soirée is inspired by today’s stylish young Filipinas - bubbly, experimental yet in vogue. The collection highlights abstract prints, lace and leather, perfect for the upcoming parties and special occasions with friends and family making your outfit more remarkable and electrifying. Celebrate in style with the Camille Co Collection for Soirée available exclusively at the Girls Teens Wear Department of The SM Store in SM City Cagayan de Oro.

Blogger, designer and fashion set darling Camille Co brings her great sense of style instore for SM Soiree.

BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Friday - january 3, 2014

Auto industry targets 10% increase in sales in 2014 THE domestic motor vehicle industry is looking at a conservative 10 percent growth in sales in 2014 over 2013, but the growth target may be revised upwards because the industry roadmap, which is expected to come out in March next year, will definitely boost sales. Atty. Rommel Gutierrez, President of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI), said that industry players are expected to sell more this year. At 10 percent growth rate, the industry could grow 231,000 units in 2014 from the expected 210,000 unit sales level by end of this year. Industry leader Toyota

Motor Philippines alone is expected to breach its 2013 sales target of 75,000 units. As of November this year, TMP has sold a total of 68,218 units. T h i s m a ke s C A M PI confident of hitting its revised 210,000 unit sales target for the year. Of this target, CAMPI and the Trucks Manufacturers Association (TMA) are expected to

contribute 180,000 units in sales while the remaining 30,000 units will come from the all-imported group

Ass o ci at ion of Vehicle Importers and Distributors Inc. (AVID). Increase/PAGE 6

ISANG TAUSPUSONG PAGGUNITA SA ISANG NATATANGI AT DAKILANG LIDER NG IGLESIA NI CRISTO, THE LATE EXECUTIVE MINISTER, BRO. ERAÑO “KA ERDY” G. MANALO ON HIS 89TH BIRTHDAY ANNIVERSARY ( JANUARY 2, 2014 ). MORE POWER TO THE CHURCH ADMINISTRATION AND ONWARD TO YOUR CENTENNIAL YEARS!!

HON. FLORENCIO T. FLORES JR M.D. Congressman 2nd District of Bukidnon

HON. ROGELIO NEIL PEPITO ROQUE Congressman 4th District of Bukidnon

BusinessWeek MINDANAO

www.businessweekmindanao.com

Friday - january 3, 2014

BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

DANTE M. SUDARIA Publisher ROSE MARY D. SUDARIA, Ph.D. General Manager

NELSON CONSTANTINO Editor-in-Chief

ALLAN MEDIANTE Executive Editor

Shaun Uy

cHENG oRDOñEZ

Lifestyle Editor

Associate Editor

CLIFFORD SANTILLAN RONALD B. MASTAIL

SHIELA gosanes Advertising

ATTY. MARIO T. JUNI

Cell No: 09352379999

Juni Law Office Cruz Taal St., Cag. De Oro City Legal Counsel

Layout Artists

Cris diaz mike baños Uriel quilinguing Editorial Consultants

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Advertising and Promotions every Friday to Sunday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Department of Trade and Industry (DTI), Region 10 with Certificate No. 00875701, and with Business Permit No. 2013-10946, TIN No. 946-396-807 – Non VAT. Tel. Nos.: (088)8578447, 74-5380, 0923432-0687, 0917-7121424

Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com Member: Philippine Press Institute

Opinion

YOUR LOCAL ONLINE BUSINESS PAPER

Cease-Fire THINK

hink a minute.In June, 1969, the countries of A Minute Honduras and El Salvador By Jhan Tiafau Hurst declared war against each ot he r. Unt i l t he n , t he s e two neighboring nations in Central America had been like close cousins. For many years people from El Salvador had lived and worked as farmers in Honduras. Then suddenly things changed and the two countries became enemies. F i rst , t he Hon du r ans attacked the Salvadoran farmers living in Honduras. The thousands of farmers ran home to El Salvador and told about the attacks against them. Next, both countries broke off diplomatic relations, and in a month the fighting started. Five days later, over 2,000 people had been killed. The battles continued with airplane attacks, as well as the news media from both countries broadcasting hateful messages over radio and TV. Finally, there was a cease-fire and they stopped fighting.for a short time. Then, the fighting started again and lasted for many more years. But what happened to cause this war between such close countries? Would you believe that this long, violent war was caused one day in June, 1969, by a decision made by an athletic official. Thousands of people were killed over nothing more than a disputed score.of a soccer game! Pretty crazy! But no crazier really than the fights we ourselves start with our own family and friendssometimes over nothing more than our sensitive pride. Did you realize that we’re all guilty of rebelling and in a way declaring war against our Maker. We’ve chosen to live the life He gave us our own way instead of His. But He designed His way of living to bring us real happiness, success, and peace of mind. So won’t you call a cease-fire with your Maker? Just ask Jesus Christ for His forgiveness and new life. Then start living His way. It’s the only way you’ll be satisfied and have real peace from your war with Him and with others. Just Think a Minute.

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

The Heritage Street of Davao

OSE RIZAL STREET that connects busy Claro M. Recto Avenue to Ilustre Street is a renaissance of the old and new Davao. Touch of gourmet dining, shopping, bars and art shops alternate with stores for second hand clothing and food stalls that sells the favorite snack food of banana and camote barbecue. Davao’s favorite Chicken dish accompanied with brown rice freshly milled from known food bowls of Davao del Norte are a plenty with customers lining up for a quick bite. Street dining in Davao City is a notch higher than any other places I have visited in Mindanao. Davao City has grown into an urban metropolis with twenty nine high rise buildings simultaneously rising that shadows sixty years old structure like Apo View Hotel and the City Hall. The city population has grown to 1.2 Million over the last census in 2010. Gourmet dining in the city is not only limited to the hotels that features its own restaurants with new food concepts brought by a fusion of Manila and local homegrown Chef ’s who have matured to the international culinary spectacles that continue to bring Asian and French cuisine. Claude Le NIendre, a French national who have settled and calls Davao his home is the most visible with his restaurant erected from an antique house ground floor that is a byword in the city. Local and foreign tourist who loves dining never fails to drop by and sample his authentic heirloom recipes. Rizal Street which is as famous as our National Hero has tales of history and comparison of greatness to the other places in the Philippines known over as heritage destinations. It is equivalent to the Old Escolta in Manila or Session Road of Baguio City. It is orderly and traffic free compared to the Apolinar Velez of Cagayan de Oro and cleaner to what Colon Street in Cebu City. A City ordinance that limits the operations of KTV

Bars and street watering holes to 12:00 midnight has brought changes into the the Tourism H i - way night entertainment landscape By Ped Quiamjot of the city into wholesome act. Beverages and liquor distributors’ complaint of diminishing sales but many housewives at the same time are thankful to see their hubbies home before midnight. The PNP’s crime rate have also gone down with popular joke circulating that criminals will be gunned down. Davao City has many interests to offer to visiting tourists that are changing in expectation gravitating to shopping and dining. On March to May next year , the city has a Grand Sales that will stir public interest to the product of the city and the low prices of luxury goods that is even more attractive compared to the selling price in Cebu and Manila. How is this possible when Davao City is 1,600 miles away from the national capital region? How would the cost of freight offset profit margin? The effort of the City Tourism Board has the support of the leading malls, airline companies and many business establishments serving the city. Discounts from 50 to 70 percent are readied. The drawing board as conceptualized by DOT Regional Director Art Boncato would entice the MICE market to meet in Davao City with shopping as add on. With the good weather prevailing in the region in 2013, Davao City has more in store from its orchard and agricultural livestock harvest. The discipline, road courtesy and a cleaner city is a joy for celebration.

TRAVERSING

New Year’s Inflation

it h C h r i s t m a s a l re a d y d on e , F i l ipi n o s are now looking ahead to Year 2014, not just the celebration of its arrival on New Year’s Eve but all of its 365 days. At this time, some maybe busy preparing their targets and resolutions for the incoming year with the hope that next year will be prosperous as - or better than - 2013. The fourth quarter Consumer Expectation Survey (CES) of the Bangko Sentral ng Pilipinas (BSP) offers some insights on the outlook of households in the days ahead. Based on the study, which was conducted on almost 6,000 households nationwide last October 2013, 39.1 percent of households expected that their expenditure on basic goods and services such as food, housing, and electricity will rise within January to March 2014. Consumers were also in tune with BSP’s outlook of manageable inflation environment in 2014, which implies that though many of them expect to spend more, few think that there will be significant changes in the prices of commodity. It must be noted, however, that this survey was done before Super Typhoon Yolanda, and consumers may have different answers by now. BSP Governor Amando M. Tetangco, Jr. though asserted that the recent calamity’s effect on prices is contained and inflation outlook remains the same. What is inflation anyway and why is it important for ever y Juan and Maria to understand it? Inflation is the annual percentage of change in the Consumer Price Index (CPI), a table that shows the average price of goods and ser vices consumed by a typical Filipino family for a given period. The ideal is for inflation to remain low and stable. Aside from protecting the people’s purchasing power, a low and stable inflation enables households and businesses to plan ahead and make better financial decisions. T h e B S P, a s t h e c o u nt r y ’s c e nt r a l m o n e t a r y authority, regularly monitors the changes in prices, understanding the importance of price stability in keeping the health of our economy and supporting growth. It also uses its ability to influence the amount of

SPEAKING

money circulating in the market to manage inflation. O ut Simply put, when there is By Ignacio Bunye high money supply in the economy, consumers tend to spend more, raising demand for goods and ser vices, which can then increase the level of prices. Meanwhile, less money supply means less support for consumption and investment, which may reduce demand, and eventually prompt businesses to lower prices. Still, there are many other factors that influence inflation, such as weather disturbances and movements in oil prices. In 2000, the BSP’s Monetar y B oard approved the shift to inflation targeting as framework in conducting monetary policy. Under this framework, the central bank makes an explicit inflation target and tries to achieve it over a given time p erio d using various monetar y policy instruments. These are measures or actions that can affect supply of money and credit in the economy. The goal is to use monetar y policy to achieve price stability. The primar y tool used by the Bangko S entral is the policy interest rate – the rate at which the BSP borrows from and lends to banks. Other tools include, but are not limited to, setting of reser ve requirements and setting of interest rates on Special Deposit Accounts (SDA). For 2014, the inflation target of BSP is between 3-5 p ercent, same as in 2013 – a target deemed a ch i e v abl e d e spite pr i c e pre ssu re s ar is i ng f rom production losses and supply disruptions caused by the recent calamaties. BSP’s track record for hitting its inflation targets gives us the necessar y comfort to plan better how we will spend, save and invest in 2014. Note: My book, Central Banking for Ever y Juan and Maria is now available in main branches of Fully Booked, Power Books, National Book Store, and University of the Philippines Press.

There are no secrets to success. It is the result of preparation, hard work, and learning from failure. --Colin Powell

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

Banking&Finance

BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Friday - january 3, 2014

Pag-Ibig hopes to cover 41M workers HOME Development Mutual Fund or more popularly known as Pag-Ibig, the country’s largest provident fund, hopes to cover the entire 41 million employed Filipinos to spread the benefits to more people. Eduardo Lacson, director of Pag-Ibig, told reporters they have mounted its information drive to encourage more Filipinos to become members. “We only have 13 million members as against 41 million employed Filipinos,” Lacson pointed out. He recalled that when the Aquino administration came on board in 2010, Pag-Ibig had only 800,000 members. “Pag-Ibig should have covered more Filipinos because it is a mandatory pag-ibig/PAGE 6

Cooperative banks’ merger, acquisition program extended THE Bangko Sentral ng Pilipinas (BSP) announced on Tuesday that the coordinated i n c e nt ive pro g r am for cooperative banks’ mergers and acquisitions (M&A) has been revived. In a statement, the BSP said the respective boards of Philippine Deposit Insurance Corp. (PDIC) and government-owned Land Bank of the Philippines agreed to extend the Strengthening Program for Cooperative Banks (SPCB) until mid-

r u o y READ favorite

newspaper

ONLINE! www.businessweekmindanao.com

ADVERTISE WITH US!

Place your ads on our website! Contact us:

businessweekmindanao@gmail.com (088)856-3344 / (08822)72-33-44

September this year. The original program expired last August 2012. The BSP, PDIC and L andbank approved an enhanced program called SPCB Plus. Primarily, the M&A program expands the eligible strategic third party investor or STPI to include strong and well-managed rural banks and thrift banks whether or not majority owned by cooperative banks and commercial banks. It a l s o n o w o f f e r s

additional financial and re g u l at or y re l i e f s a n d branching incentives to further encourage M&A deals in the smaller banks sector. “(The new program) is envisioned to further strengthen the cooperative b an k ing system, b o ost confidence and improve the delivery of financial services to the countryside and rural communities,” said the BSP. The financial package will be provided both by PDIC

and Landbank as stop gap measures for capital shortfalls as well as income support for the surviving banks. “ T h e SP C B e x p e c t s eligible STPIs not only to sustain and strengthen the financial condition of surviving banks but also to improve their quality of corporate governance and management,” said the BSP. As of October 2013, the involved agencies have received five applications extended/PAGE 6

BusinessWeek MINDANAO

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

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Friday - january 3, 2014

ABELLANOSA Lechon House Maybank... from page 3 Corner Magsaysay Abellanosa St., Cag. de Oro City MANAGED BY :

KUYA ABS CDO EAGLES CLUB WE ACCEPT ORDERS: LECHON, HALANG-HALANG or SAMPAINA

FREE DELIVERY WITHIN CITY PROPER Contact:

09353742908 / 09265949729 / 0883091150

Capital to acquire their shares after the Yao-led investment firm completed the P3.19billion takeover of the listed firm in October. Mazy’s Capital now holds 89.78 percent of Maybank

ATR. The backdoor listing of the RC Cola manufacturer is expected to be completed in the first quarter of 2014. The company will then hold an equity fundraising exercise bankroll its domestic and regional expansion. Yao also owns thrift lender

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12TH Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF Tubod, Lanao del Norte NOTICE OF EXTRA-JUDICIAL SALE EJF No. 178-07-2013 Upon the Extra Judicial Petition for Sale under Act 3155/1508,as amended,filed by the QUEDAN AND RURAL CREDIT GUARANTEE CORPORATION,Quedancor Center No.34 Panay Avenue,Quezon City, against spouses EDWIN AND ALEN R.ONG,Poblacion,Baroy,Lanao del Norte to satisfy the indebtedness which as of July 15,2013 amounting to EIGHT MILLION EIGHTY THOUSAND FOUR HUNDRED THIRTY THREE PESOS AND 30/100 ONLY (Php 8,080,433.33) excluding penalties,changes,attorney’s fee and expenses of foreclosure,the undersigned or his duly authorized deputy will sell at public auction on 28TH day of January,2014 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07, Poblacion, Tubod, Lanao del Norte, to the highest bidder for cash or manager’s check and in Phiippine Currency, the following property with all its improvements, to wit: LIST OF MORTGAGED PROPERTIES 1. TCT No. 17,928 “A parcel of Land ( Lot A-6 of subdivision plan, Pad-12011155,being a portion of Lot A, (LRC)Psd-106923) situated in the Barrio of Poblacion, Municipality of Baroy,Lanao del Norte, Island of Mindanao, Bounded on the NE., along lines 1-2 by Lot A-7, of subdivision plan; on the SE.,along line 2-3 by Lot A-11, along lines 3-4-5 by Lot (LRC) Psd-1069231; on the SW, along line 5-6 by Lot D (LRC) Psd-106923; and on the NW, along line 6-1 by Lot A-14 of the subdivision plan. Containing an area of ONE THOUSAND THREE HUNDRED EIGHTY (1,380)Square meters, more or less with all the improvement found thereon.Registered of the name of Alen Roullo married to Edwin Ong. 2. TCT No. 17,934 “A parcel of land (Lot A-12 of the subdivision plan, Psd-12011155, being a portion of Lot A ( LRC) Psd-106923), situated in the Barrio of Poblacion,Municipality of Baroy, Province of Lanao del Norte,Bounded on the NE alone line 1-2 by Lot A-13 and along line 2-3 and on the SE along line 3-4 by Lot D (LRC) Psd-106923; on the SW., along line 4-5 by Lot A-14; along lines 5-6-7 by Lot A-13 and on the NW, along line k7-1 by Lot A-13 of the subdivision plan.Containing an area of SIX HUNDRED FOURTEEN (614) Square meters,more or less. Registered of the name of Alen Roullo married to Edwin Ong.

LOTS FOR SALE! AVAIL OF CHRISTMAS PROMO & SAVE! VERY AFFORDABLE TITLED LOTS COUNTRY LIKE SETTING – 1 KM BEFORE SM BUY ANY SIZE 100 M2 – 5 HECTARES IN HOUSE FINANCING @ 10% DOWN PAYMENT LOW MONTHLY PAYMENTS, FLOOD FREE!

CONTACT NO. 09263922933 MDN: DEC. 17, 2013 – JAN. 16, 2014

Pryce Plaza Hotel Carmen Hill, CDO, Tel. No.722791 to93/858-4537 E-mail:reservations@pryceplaza.ph

---------------------------------

CHANANTHON BED & BREAKFAST CM Recto Avenue, Cagayan de Oro City Tel. #: 856-81-89 / 309-3095 / 231-2103 Email ad : chananthonbb@yahoo.com Room @ P800.00

COMMERCIAL SPACE FOR RENT

CONTACT PERSON: RAYLYN LANTACA

---------------------------------

NEW DAWN PENSIONNE Velez-Macahambus Sts, CDO Tel Nos. 8571776, 721776 email : gchreservation@yahoo.com

3. TCT No. 12088 “A parcel of land ( Lot 318-C,Psd-12-009134, being a portion of Lot 318,Pls-13, Land Public Land Subdivision, situated in the Barrio of Gumagamot, Municipality of Lala,Province of Lanao del Norte, Bounded on the North along line 1-2 by Lot 318-B of the subdivision plan; on the East, along line 2-3 by lot 977, Pls-13; on the South, along line 3-4-5-6 Road; on the West, along line 6-1 by Lot 317, Pls-13. Containing an area of SEVENTY FIVE THOUSAND SIX HUNDRED SEVENTY EIGHT (75,678) Square Meters,more or less.Registered of the name of Alen Roullo married to Edwin Ong. 4. TCT No. 10566 “A parcel of land Lot 7335,Swo-24530 (FV-55098), situated at Barrio of Gumagamot,Municipality of Lala, Province of Lanao del Norte.Bounded on the N. along line 1-2, by Lot 7336,Swo-24530; along line 2-3 by National Road; along line 3-4 by Lot 7334, Swo24530; and along line 4-1, by Lot 362, Pls-13.Bearing True.Containing an area of FIVE HUNDRED AND SEVENTY (570) Square meters; more or less. Registered of the name of Alen Roullo married to Edwin Ong. 5. Original Certificate of Title No. 8474 5.1 “A parcel of land, Lot 7343, Swo-24530,situated at Barrio of Magpatao, Municipality of Lala, Province of Lanao del Norte, Bounded on the N., along line 1-2 by Lot 7344, Swo-24530; on the E., along line 2-3 by National Highway; on the S., along line 3-4 by Lot 7342, Swo-24530; and on the W., along line 4-5-1 by Lot 362,Pls-13. Containing an area of FIVE HUNDRED AND NINETY THREE (593). Registered of the name of Alen Roullo married to Edwin Ong. 5.2 “ A parcel of Land Lot No. 7345,Swo-24530, situated at Magpatao, Municipality of Lala, Province of Lanao del Norte. Bounded on the N., along line 1-2 by Lot 7346, Swo-24530;on the E.., along line 2-3 by Natonal Highway; on the S., along line 3-4 by Lot 7344, Swo-024530; and on the W., along line 4-1 by Lot 362, Pls-13.Bearings True.” Containing an area of FIVE HUNDRED AND SIXTY FOUR (564) square meters. Registered of the name of Alen Roullo married to Edwin Ong. 6. OCT NO. 9473 “A parcel of land situated at Magpatao, Lala Lanao del Norte with an area of Five Hundred Seventy Five (575) Square meter more or less. Under Lot No. 7344 bounded on the W., along line 1-2 by Lot 362,Pls-13; On the N., along line 2-3 by Lot 7345, Swo24530; on the E., along line 3-4 by National Highway; and on the S., along line 4-1 by Lot 7343, Swo 24530. Registered of the name of EDWIN ONG married to Alen Roullo. TOGETHER WITH ALL THE IMPROVEMENTS FOUND THEREON. “All sealed bids must be submitted to the undersigned on the above stated time and date. Tubod, Lanao del Norte, Philippines, this November 29,2013.

For the Clerk of Court and Ex-OFFICIO Sheriff

(Sgd.) CONRADO V. HINGCO,JR. Sheriff IV BWM: Dec. 20, 27, 2013 & Jan. 3, 2014

Philippine Business Bank, beverage company Zest-O and low-cost carrier Zest Air, which has Air Asia Inc of Malaysian billionaire Tony Fernandes as its investor and partner.

Increase...

from page 3 As of November this year, CAMPI’s sales reached 164,098 units while AVID’s sales at 26,272 units already for a combined total of 192,006 units. “I am optimistic that we can reach the target,” he said. Indust r y players are conf ident that the new automotive industry roadmap will provide the much needed boost to the industry. Gutierrez said that a new target for the completion of the auto roadmap has been set for March next year. The much delayed roadmap was supposed to come out before end this year but Malacanang has asked for additional details.

Pag-ibig... from page 5

membership for all,” he pointed out. Pag-Ibig is an all-inclusive provident fund, covering both government and non-government employes. Pag-Ibig even planned to raise Pag-Ibig contributions to P200 from the current P100 but the Employers Confederation of the Philippines (ECOP) rejected its plan to increase its capital. L acs on, w ho is a ls o president of ECOP, said that instead of increasing members’ monthly contribution, the agency should better expand its membership base to increase its collection. “It is in the interest of employees to become members because Pag-Ibig offers a lot of benefits to its members. It is not a cost, it’s savings for you,” Lacson stressed. For instance, Pag-Ibig gives annual 5 percent dividend tax free from its income that members can get after 20 years. This rate is higher than what the commercial banks can offer. Individual members can also avail of housing loans from P400,000 for socialized housing and up to P6 million. Pag-Ibig also offers other housing schemes like rentto-own. Ever y year, Pag-Ibig allots P50 billion for housing programs. This amount accounts for its total resources. Default rate in Pag-Ibig is at single-digit and bulk of that is the loans incurred by Globe Asiatique, which is still under court litigation, and those remnants of the defunct Ministry of Human Settlements.

Extended... from page 5

involving 19 cooperative banks. The BSP said earlier that while the assets of the cooperative banking sector accounts for only a small fraction of the assets of the entire banking system, it plays

a vital role in the financial system since almost all of cooperative banks operate in the countryside, provide the much needed financial ser vices to hundreds of primar y and federation c o op e r at ive s and t he i r individual members who usually face difficulties in accessing banking services. As of end-September 2013, there are 36 cooperative banks operating 117 branches supervised by the central bank. As of end-June, the small industry has P13.15 billion in total assets and P9.4 billion in total loan portfolio.

BPO... from page 2

Processing (Philippines) Inc. (P4.700 billion); ePLDT Inc. (P4.147 billion); SPi CRM Inc. (P3.501 billion); ACS of the Philippines Inc. (P3.492 billion); VXI Global Holdings B.V. (P3.266 billion); Emerson Electric (Asia) Ltd. (P3.230 billion); StarTek International Ltd. (P3.094 billion); IBM Solutions Delivery Inc. (P3.019 billion); Sykes Marketing Services Inc. (P2.760 billion); SPi Technologies Inc. (P2.626 billion); Genpact Services LLC (P2.552 billion); Macquarie Offshore Services Pty. Ltd. (P2.522 billion); Thomson Reuters Corp. Pte. Ltd. (P2.265 billion); AIG Shared Services Corp. Philippines (P2.357 billion); Hinduja Global Solutions Ltd. (P2.194 billion); Lexmark Research and Development C or p. (P1.956 bi l lion); ANZ Global Services and Operations (Manila) Inc. (P1.869 billion); Maersk Glob al S er vice C enters (Philippines) Ltd. (P1.859 billion); and Manulife Data Services Inc. (P1.745 billion). The 36 firms alone raked in some P192 billion in combined revenues in 2012, based on data received by Romulo. Romulo is author of the Data Privacy Act, which has helped to entice global c or p or at i on s t o e it h e r est ablish ne w in-hous e outsourcing units here in Manila, or to relegate their non-core, business support activities to highly specialized independent BPO firms operating here. The law mandates all entities, including BPO firms, to protect the confidentiality of personal information collected from clients and store d i n i n for mat i on technology (IT) systems, in accordance with rigorous international privacy standards. The Philippines’ highly labor-intensive, BPO and IT-enabled ser vices industry includes contact center services; back offices; medical, legal and other data transcription; animation; s o f t w a r e d e v e l o p m e nt ; engineering design; and digital content. The IT and Business Processing Association of the Philippines sees the industry directly employing some 1.3 million Filipinos by 2016. (PNA)

BusinessWeek MINDANAO

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

YOUR LOCAL ONLINE BUSINESS PAPER

Friday - january 3, 2014

Solons... from page 1

the installation of CCTV cameras will not only prevent crimes but could also help in solving crimes. The solon-lawyer said one way to lower the high crime data is to install CCTV cameras in establishments, citing crime data gathered by the Philippine National Police (PNP) showing that from January to November 2011, the PNP recorded 230,817 crime incidents. “While the number is lower compared to previous years like in 2009 when 333,416 crime incidents were reported, the figure is still very high. One way to lower this high crime rate is to provide deterrents, which would make criminals think twice and reconsider. One very effective form of deterrent is the installation of CCTV cameras,” said the elder Rodriguez. Meanwhile, the party-list lawmaker said PNP data revealed that for 2011, physical assault and theft were the two largest contributors to the total number of crime incidents. “When you read newspapers, there are many news reports with the following headlines or similar ones: “CCTV catches robber mauling woman”; “CCTV catches theft inside training center in Manila.” Even one of the actors of the Phantom of the Opera was victimized by theft which was also captured on CCTV,” said the younger Rodriguez. He said it is high time that CCTV cameras become a mandatory requirement for different establishments all over the country. House Bill 2449 provides that business establishments include, but are not limited to restaurants, hospitals, malls, shopping centers, movie houses, supermarkets, groceries, entertainment centers, office buildings, warehouses and other similar establishments. It also provides that all government offices and buildings shall likewise be mandated to install CCTV cameras. The bill provides that the installation of CCTV cameras shall be declared as a mandatory requirement prior to the issuance of business permit or permits. The measure provides it is the policy of the State to serve and protect the people, maintain peace and order to protect the life, liberty and property of its citizens and to promote the general welfare. It mandates all business establishments employing more than 20 employees or workers and with work premises of not less than 50 meters in the country shall install and maintain, in good working condition, high quality surveillance or CCTV cameras in all their entrances and exits within the premises of their work area, the perimeter of their work areas or establishments, and other areas of their business to

protect their patrons and deter crimes. Moreover, the CCTV cameras should be able to clearly show the faces of the persons recorded. These establishments shall also be mandated to ensure that the CCTV cameras are turned on and recording for 24 hours per day for seven days per week. They shall also keep a deposit of video recordings for a period of not less than 60 days from the date of recording. The bill provides the fact that surveillance cameras have been installed in an establishment shall be made known to the general public through a written notice displayed at the entrance of the establishment. It prohibits the installation of CCTV cameras in any restroom, toilet, shower, bathroom or changing room, and other similar areas. The owner or manager o f commercial establishments shall maintain the privacy and confidentiality of the video feeds and records obtained as a result of the surveillance performed in accordance with the proposed Act. Hence, the owner or manager shall prohibit any use, viewing, disclosure or publication of such video recordings. The bill allows the following, among others: use, copying or disclosure to a member or office of a law enforcement agency in connection with and limited to the probe or prosecution of an offense punishable by law or regulation; use, copying or disclosure to further and in any connection with any pending criminal or civil proceeding; use or disclosure that may be necessary to avoid imminent threat to persons or property; or use or disclosure that may be necessary for persons to determine whether or not an offense was committed against their person or property to ascertain the identity of a criminal perpetrator, and to determine the manner by which an offense was consummated. The bill provides that for private establishments, a fine of P1,000 and suspension of the permit to operate or business permit shall punish any person or establishment violating the Act until CCTV cameras are installed. For government offices, non-installation of CCTVs shall be considered as nonfeasance hence, they shall be subject to the proper penalties provided for in appropriate laws. (PNA)

Economy... from page 1

general lack of short-term volatility in remittance flows. It considered the economic performance of the Philippines a “bright spot” among the major economies with large domestic markets in the region. The Philippines has seen its highest growth in years -above 7 percent in the last four quarters through the third quarter of 2013.

“The role of remittances in supporting buoyant domestic consumption in the country has been important,” ESCAP said. It also cited the robust investments in the country, the benign inflation and a relatively low budget deficit that allowed for substantial government spending this year in infrastructure and other basic services. “The prospects are positive in 2014, despite the losses resulting from Typhoon Haiyan in 2013. Concerns remain, however, regarding the high unemployment rate and relatively low investment level compared to other similar South-East Asian economies,” it added. Meanwhile, the ESCAP also sees improving prospects for growth of developing Asia and the Pacific, which is forecast to expand by 5.6 percent in 2014 from an expected 5.2 percent this year. It said the projected growth, however, depends on the gradual recovery in developed economies, particularly an increase in growth momentum in the United States, expansion in Japan and progression to positive growth territory of the European Union. “If the positive outlook in the advanced economies does materialize, import volume growth by these economies is expected to reach a three-year high in 2014. Growth performance in developing economies is thus expected to resume some strength after a sluggish 2013,” the UN Survey said.

TRANSFER CERTIFICATE OF TITLE NO. T-111344 A PARCEL OF LAND (Lot 18453-C-3-D-2-F-1, Psd-10-004095, being a portion of Lot 18433-C-3-D-2-F, Psd-10-003338) situated in the Barrio of Camaman-an, City of Cagayan de Oro, Island of Mindanao. Bounded on the N., and on the E., along lines 2-3-4 by Lot 18453-C3-D-2-F-3; on the S., along line 4-1 by Lot 18453-C-3-D-2-F-2, both of the subdivision plan Psd-10-004095; on the W., along line 1-2 by Lot 18455-H ( LRC) Psd-175483. Containing an area of ONE HUNDRED TWENTY (120) SQUARE METERS, more or less, registered in the name of BASILIO LAO married to SERINA LAO. All sealed bids must be submitted to the undersigned on the above stated time and date. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following day without further notice, posting and publication. Prospective buyers may investigate for themselves the title herein-aboved described and encumbrances thereon, if any there be.

Cagayan de Oro City, December 11, 2013.

(Sgd.) ANTONIO A. CAGULANG, JR. Sheriff IV

BWM: Dec. 18, 26 2013 & Jan. 2-3, 2014

school that focuses on tourism. Ms. Bian said one way to promote Davao is to ask airline companies to come up with international flights that will include the city in the route “because connectivity is very important in this business.” Earlier, Jose S. Laurente, Jr., vicepresident of commercial operations for Tiger Airways Philippines, said the company is looking at opening new international routes that will feature Davao City.

Expects... from page 1

present, would be able to generate 300 megawatts of additional supply, “We will extract every possible source we can find, with the dispatch protocol made fully transparent to all players,” he added. The DOE earlier projected Mindanao to continue suffering from insufficient power generation until new generating plants are put up in 2015.—InterAksyon

from page 1

In the upcoming assessment, tourism experts will give establishments a number of stars, with five being the highest and one being the lowest. For those classified as poor, Mr. Boncato said, the experts will advise them on how they can improve their services, facilities or both, whichever is necessary. “If their standards are raised, international travelers will surely notice us as a destination,” he said. COMPLETE DESTINATION The city government has also started discussing amendments to its tourism code in order to cash in on the assistance the two foreign agencies have provided to only four destinations in the country. Also covered by the funding are the provinces of Cebu, Bohol and Palawan. Mr. Boncato said tourism businesses in the region that will not be included in the program will also be assessed by the experts hired by the Tourism department. These establishments will be assessed every two years, and they will continue to be assessed regularly after that if they qualify to become star bearers.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region BRANCH 24 Cagayan de Oro City

OFFICE OF THE PROVINCIAL SHERIFF

Upon extra- judicial petition for sale under Act No 3135 as amended by Act No. 4118 by PHILIPPINE VETERANS BANK, against SPS. BASILIO A. LAO married to SERINA LAO a.k.a SERENA N LAO, with residence and postal address at 2131 R. Limketkai Avenue, Brgy. Camaman-an, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of September 15, 2013 amounts to FIVE HUNDRED EIGHT THOUSAND EIGHT HUNDRED SEVENTY SEVEN and 46/100 PESOS ( P508,877.46), ONLY, plus all other charges including the fees that may be due to you for services rendered, the undersigned or her duly authorized deputy will sell at public auction on February 6, 2014 at 10:00 A.M. to 4:00 P.M. at the Regional Trial Court, Office of the Clerk of Court, Hall of Justice, Hayes- Mortola Streets, Cagayan de Oro City to the highest bidder , for cash or manager check and in Philippine Currency, the following property described below including all existing improvements found thereon to wit:

This developed as a business leader urged the tourism industry to look into how it can promote Davao City as a complete destination, rather than worry about being painted as part of the conflict areas in Mindanao. “We have become a destination of our own as we have shed that perception problem. All we have to do is to promote the city as a destination,” said Joji Ilagan-Bian, former chairperson of the Mindanao Business Council who also runs a

Ratings...

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City

NOTICE OF EXTRA-JUDICIAL SALE EJF File No. 2013-357

www.businessweekmindanao.com

HDMF (PAG-IBIG), Mortgagee, -versus- JERRY G. BELONIO MARRIED TO BERNADETH J. BELONIO, Mortgagors. X-----------------------------------------/

OFFICE OF THE REGIONAL TRIAL COURT SHERIFF FILE NO. 2013-341 FOR: EJF OF REAL ESTATE MORTGAGE UNDER ACT 3135

SHERIFF’S NOTICE OF SALE pon extra-judicial petition for sale under ACT 3135 as amended filed by HDMF U (PAG-IBIG)., mortgagee, against JERRY G. BELONIO and BERNADETH J. BELONIO mortgagor, resident of Block 5, Lot 8, Xavier Heights Subdivision Phase 1-A, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of November 21, 2013, amounts to (P 470,672.78) excluding penalties, charges, attorneys fees and expenses of foreclosure, the undersigned Sheriff will sell at Public Auction on January 24, 2014 at 9:00 A.M. or soon thereafter at the main entrance of the Hall of Justice, Hayes Street, Cagayan de Oro City, to the highest bidder, for CASH and in Philippines Currency, the properties with all its improvements to wit:

NOTICE OF EXTRA JUDICIAL SALE File No. 2013-344 Upon extra-judicial petition for sale under Act No. 3135 as amended by Act No. 4118, filled by HDMF (Pag-IBIG) Cagayan de Oro Branch as mortgagee ,against MARIE JANE B. ALVAREZ married to CARLOS C.ALVAREZ, JR., as mortgagors, Lot 12, Block 7, Pag-Ibig City Homes, Malanang, Opol, Misamis Oriental , which as of November 14, 2013, amounts to THREE HUNDRED TWELVE THOUSAND SIX HUNDRED THIRTEEN PESOS & 28/100 (Php312,613.28) inclusive of interest and penalty charges, attorney’s fees and expenses of foreclosure, the undersigned will sell at public auction on January 29,2014, at 10:00 a.m. to 4:00 p.m. at the Office of the Clerk of Court, Regional Trial Court, Room 110, Hall of Justice, Cagayan de Oro City, to the highest bidder for cash or manager’s check and in Philippine Currency, the following property described below with all the improvements found thereon,described as follows: TCT No. T-51403 Lot 12, Blk. 7, Psd 10-057664, a portion of Lot 1, Pcs10-003972. Location Malanang, Opol, Misamis Oriental.With an area of 120 sq.m., more or less.xxx

TRANSFER CERTIFICATION OF TITLE NO. T-206719 A PARCEL OF LAND (Lot 21,Block 27, Pcs-10-002661, being a portion of Lots 3594,3596, 3597, 3598, 3600, Cad-237 & Lot 3595-I, ( LRC) Psd-128619). Situated in the Barrio of Iponan, City Of Cagayan de Oro, Island of Mindanao. Containing an area of ONE HUNDRED FORTY (140) square meters more or less. Including all improvements found thereon. Prospective buyers may investigate for themselves, in the event of Auction Sale can not take place for whatever legal reason the sale will proceed on the following day, without further notice, posting and publication, the title here in above describe and encumbrance thereon, if any there be.

Cagayan de Oro City, Philippines, December 9, 2013.

BWM: Dec. 18, 26 2013 & Jan. 2-3, 2014

(Sgd.) TERESITO C. ESTENZO Sheriff IV

All sealed bids must be submitted to the undersigned on the above stated date, time and place. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title hereinabove described and encumbrances thereon, if any there be.

Cagayan de Oro City, December 6, 2016

(Sgd.) ENRIQUE M. TALAG, JR. Sheriff IV BWM: Dec. 20, 27, 2013 & Jan. 3, 2014

BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Friday - january 3, 2014

Repurposing eco zones into trade facilitation hubs can increase gains New ways of leveling up the advantages of export processing zones (EPZs), such as by transforming them into trade facilitation centers, can raise their relevance in an increasingly integrated regional market, according to a recent study. EPZs and special economic zones (SEZs) in the Philippines mainly serve to improve the competitiveness of industries by reducing locators’ operating costs. They offer fiscal incentives, provide better infrastructure and facilities, streamline customs and business registration procedures, and liberalize foreign exchange policies. Zones specifically administered by the Philippine Economic Zone Authority (PEZA) have managed to attract foreign direct investments (FDIs), boost export activity, and create employment opportunities. FDIs approved by PEZA grew by 23 percent yearly on average from 2006 to 2010. This contrasts with a 13 percent decline on average in yearly FDIs approved by the Board of Investments in the same period. Manufactured exports of PEZA-administered SEZs grew from US$19.5 billion from 2001 to $28.9 billion in 2009, growing by five percent yearly on average during the period. In contrast, manufactured exports from outside the PEZA’s SEZs went down by nine percent yearly on average during the same period, from $9.1 billion to $4.3 billion. Workers at PEZA-supervised SEZs increased in number by 10 percent yearly on average from 2001 to 2010. The share of PEZA ecozones in total employment nationwide doubled from one percent in 2001 to two percent in 2010. PEZA manages the public SEZs of Baguio City Economic Zone, Cavite Economic Zone, Mactan Economic Zone, and Pampanga Economic Zone. It also oversees 304 privately operated ecozones. But the overall performance of SEZs can still be improved, according to a new study released by the Philippine Institute for Development Studies. “Dynamic economic benefits in terms of domestic investment in ecozones and forward and backward linkages are lacking,” noted study author Rosario Manasan. She also observed a shift in ecozone investments from garments and textiles to electronics and electrical machinery over the last 30 years. This concentration on the capital-intensive and imported input-dependent electrical and electrical machinery sector increases the country’s vulnerability to external shocks, she added. Moreover, some ecozones have investment costs that outweigh their benefits. Infrastructure development costs at the Bataan Export Processing Zone have exceeded the benefits derived in terms of workers’ wages, export and foreign exchange earnings, and government revenues. The Aurora Pacific Economic Zone and Freeport Authority has cost the government some P2.9 billion to invest in an airstrip, port improvements, paving, rehabilitation of the Baler-Casiguran Highway, flood control, and other on-site improvements. But “there were only 10 approved locators as of April 2013 and only three of them have started doing business.” Some SEZs and freeports have also become alleged channels for smuggling. The Subic Bay Freeport and Cagayan Special Economic Zone and Freeport have supposedly been used as entry points for duty-free used vehicles into the country. As such, some analysts argue that SEZs have become irrelevant in the increasingly liberalized trade environment. But the study notes that regional integration actually offers significant opportunities for economic zones. SEZs can be reinvented into efficient distribution, production, and trade facilitation hubs to help firms reduce logistics cost and become more internationally competitive. Eco zones can be used to expand market access by linking up regional suppliers and leveraging economies of scale in production. “The benefits from SEZs can be maximized if they are well integrated into the local economy instead of being operated as enclaves,” the study states. It suggests strengthening both backward and forward linkages by ensuring that SEZ rules are flexible enough to accommodate both exporters and non-exporters. SEZs should also allow a wide range of commercial and manufacturing activities within their premises. International experience shows that private development of SEZs increases the chance of success, added Manasan. -- Romelda Ascutia, PHILEXPORT News and Features

jaime umpa

Regional State Prosecutor Department of Justice Regional Office 10 Cagayan de Oro City

HON. nancy a. catamco Congresswoman 2nd District of North Cotabato

HON. ruderic c. marzo

Vice Mayor and the SANGGUNIANG PANGLUNGSOD of Iligan City