BusinessWeek Mindanao (July 9, 2014)

BusinessWeek MINDANAO Best in Business and Economic Reporting Philippine Press Institute Civic Journalism Community Press Awards 2013

Volume V, No. 14

Market Indicators As of 6:12 pm July 8, 2014 (Tuesday)

FOREX

PHISIX

US$1 = P43.40

6,948.52 points

X Briefly

50.58 points

X

11 cents

Half-rice ordinance CAGAYAN de Oro City Councilor Annie Y. Daba, chair of the City Council committee on agriculture and fisheries, reminds all food establishments to include one-half cup serving of rice in their menu with the corresponding one-half price as an option for public customers. This is mandated in Ordinance No. 126885-2013, which was enacted by the 17th City Council headed by Vice Mayor Caesar Ian E. Acenas last November 2013. Authored by Councilor Daba, the ordinance supports Presidential Proclamation No. 494 of President Benigno Aquino III to promote the responsible consumption of rice. The ordinance includes restaurants, cafeterias, caterers, fastfood chains and other related food services.

Misor CareS MISAMIS Oriental -- The provincial government of Misamis Oriental has launched on July 7 its P120 million healthcare and social services program at Initao provincial hospital. Misamis Oriental Care System, commonly known as MisOr CareS is the new comprehensive health and social services program which anchors on delivering aid to human health and social development to people, specifically the indigents. Gov. Yevgeny Vincente B. Emano said that with the P120 million budget, the provincial government will enrol 20,000 beneficiaries under the “point of care” system of PhilHealth which amounts to P48 million. “PhilHealth is a good program of the government, millions of Filipinos have benefitted on it but in my administration, we will provide more and better health and social services to the people,” the governor said.

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Mindanao tourism to get funds from gov’t By CARMELITO Q. FRANCISCO Correspondent

T

HE Mindanao Development Authority (MinDA) has assured local government units in Mindanao of national government financial support for tourism development in the form of a share in the annual budget of the Tourism Infrastructure and Enterprise Zone Authority (TIEZA), an official of the island’s development agency said in a recent statement.

“We can help lobby and push for tourism projects that are feasible for funding by TIEZA,” said Luwalhati R. Antonino, chairperson of MinDA, which holds a seat in the TIEZA board. Ms. Antonino said TIEZA, which replaced the Philippine Tourism Authority in 2009, has committed to allocate at least 40% of its annual budget until 2016 for projects in funds/PAGE 9

CABBAGE CHECK. A vendor checks on the leaves of cabbages that had just arrived at the vegetable market in Barangay Bulua, Cagayan de Oro City. mindanews photo by froilan gallardo

Steag exec urges Asean firms to adopt vision for resiliency

By APIPA P. BAGUMBARAN, Contributor

TOTAL corn production in Northern Mindanao grew by 16 percent during the first quarter of 2014 reaching 292,247 metric tons (MT), the National Economic and Development Authority (NEDA) in the region said. Both yellow and white corn varieties posted increases in production with the biggest increase registered by yellow corn at 20 percent, said Engr. Cecilio Y. Clarete, chief economic development

By MIKE BANOS Editor-at-Large

THE highest ranked executive of Mindanao’s biggest power plant has urged Asean companies to build up their resiliency to cope with natural and man-made disasters to assure the continuity and sustainability of their respective enterprises. “Business Continuity is more than just about recovering business functions from a disaster. It is ensuring that critical business functions continue promptly in the event of a disruption or disaster,” stressed Carsten Evers, power plant manager of Steag State Power Inc. du r i ng t he Pe rs on nel steag/PAGE 9

NorMin’s corn production grow by 16% in 1st quarter specialist of NEDA-10 in a media forum last week. Nor t he r n Mi nd ana o produced 202,429 MT of yellow corn and 89,818 MT of white corn. Total area harvested also increased by 3.96 percent. Although the harvest area of white corn was reduced by 3.65 percent, the area harvested for yellow corn have increased by 13 percent to 54,096 hectares. corn/PAGE 9

BUSINESS CONTINUITY MANAGEMENT. Dr. Carsten Evers, plant manager of energy-firm Steag State Power Inc. (SPI) shares his insights on the imperatives of Business Continuity Management (BCM) during the recently concluded Mindanao-wide gathering of HR practitioners and people managers in this city. Dr. Evers calls for a heightened level of preparation and organizational resiliency amidst mounting global challenges brought by both natural and man-made calamities. (PMAP-10 photo)

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BIR tax collection drive pays off By APIPA P. BAGUMBARAN, Contributor

THE intensified revenue collection efforts of the Bureau of Internal Revenue (BIR) in Northern Mindanao continue to pay off, the National Economic and Development Authority (NEDA) in region 10 said Thursday.

Data gathered by NEDA10 shows that BIR collected P2.07 billion in the first quarter of 2014, up by 15 percent from the P1.79 billion collected in the same period in 2013. Revenues from income tax/PAGE 11

Economy

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StartUp Weekend in CDO slated By JASPER MARIE OBLINA-RUCAT, Contributor

THE Department of Science and Technology through its Information and Communications Technology Office (DOSTICT) is supporting Startup Weekend Cagayan de Oro slated on July 11 to 13 at Capitol University, this city. Aimed at generating breakthrough ideas from tech communities in the Mindanao region, Startup Weekend is a 54 hour competition where developers, designers,

marketers, technopreneurs and venture capitalists come together to share ideas, form teams, build products and launch startup business. H o w e v e r, S t e p h a n i Rosalind P. Caragos, President of Cagayan de Oro ICT (CDO-ICT) Business Council during a press conference encourages non-technical people to attend. She said that the beauty of this activity is that there are so many nontechnical people with really

good ideas but don’t know who to tap. She said that it is through the StartUp Weekend that they get to know the people with the technical skills that can help them. The event gathers experts and practitioners from different fields of business to mentor the participants as they launch their concepts into business reality. Further, attendees get to participate and experience the different stages of the business cycle including idea creation

and business pitching, prototype development, mentorship and networking sessions until product or business presentations are proposed to possible investors and funders, said Haifa Carina S. Baluyos, Executive Director of Developers C onnect (DevCon) Philippines, Inc. Startup Weekend Cagayan de Oro is organized by the CDO ICT Business Council, Te c hTa l k s . p h , D e v C on Philippines and Ideaspace in partnership with the DOSTICT.

Info drive on ‘Eco Bag Law’ pushed CAGAYAN de Oro City is pushing for a vigorous information drive t hat would pave the way to the full implementation of the “Eco Bag Ordinance” here. City Councilor Prexy Elipe, author of the Ordinance No. 12440-2012, known

as the Environmental Fee Ordinance of 2012, said on Monday that the Ordinance requires owners of business establishments here to collect a pass through of P1.00 for each single-use carryout bags from the customers. The proceeds of the pass-

through charge or plastic carryout bag fee shall be held in trust by the retail store and remitted to Board to form part of the working capital for the production of Eco Bags pursuant to the terms and conditions of the MOA, Elipe said.

He said that the city government has initially entered a Memorandum of Agreement with the first five big establishments in the city to implement the Eco Bag Ordinance prior to retail stores and malls and in the drive/PAGE 11

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Holcim, Lafarge eye merger Vitarich ready to exit rehab THE local units of Holcim Ltd and Lafarge SA are contemplating to combine their businesses as their respective parent firms pursue merger to form the world’s biggest cement company. In a disclosure to the Philippine Stock Exchange, Holcim Philippines Inc and Lafarge Republic Inc (LRI) said their respective board of directors authorized the firms “to explore, study and consider the combination of the businesses of the company…” The union will allow Holcim Philippines and LRI to take advantage of the resulting synergies and opportunities, and

i n t h e c ou r s e of s u c h study, determine optimal structures to implement such combination, the cement makers said. Howe ve r, L R I’s t wo p l a nt s i n No r z a g a r a y, Bulacan and its plant in Iligan owned by subsidiary, Lafarge Iligan, Inc., together with their related assets, will be excluded from the transaction and may be up for sale to third parties. Sw i s s g i a nt Ho l c i m revealed an all-share deal to acquire France’s Lafarge in April that would create a cement giant with combined sales of $44 billion. The merger is expected to be completed in the first half of 2015.

The merger will allow Holcim and Lafarge to control many of the cement markets around the world and both firms are planning to sell $7 billion assets as they try to secure antitrust approval. Their combined capacity may exceed 50 percent in

many countries like the Philippines, according to reports. Foreign analysts view the consolidation will allow both firms to create synergies and cut costs amid a backdrop of escalating energy prices and softer demand.

Kia posts 4.3% growth sales KIA Motors Corporation announced today its global sales figures (export sales, domestic sales and sales from overseas plants) for passenger cars, recreational vehicles (RVs) and commercia l vehicles for the first six months of 2014, recording a total of 1,442,851 units sold. This figure represents a 4.3% increase over the same period of 2013. Cumulatively through the first six months of 2014,

PAHIBALO Alang sa tanang membro-konsumante sa FIBECO Kamo gipahibalo nga ang atong schedule nga 32nd Annual General Membership Assembly o AGMA karung Hunyo 29, 2014 sigun sa naunang pahibalo, kini giuswag ngadto sa HULYO 12, 2014 adlaw nga Sabado pinasikad sa Board Resolution # 064 serye 2014 ug naaprobahan sa National Electrification Administration o NEA tungod sa rason nga ang pipila ka Clustered venue dili available sa unang schedule kay kumplekto sa kalihukan sa ubang lungsod. Ang mga CLUSTERED VENUES nga duol ug kumbenyente alang kaninyo mao kining mosunod:

Municipality

Venue

Valencia City ug San Fernando

-

Valencia City Central Elem School

Maramag ug Pangantucan

-

FIBECO Covered Court, Maramag

Kalilangan ug Wao

-

Kalilangan Covered Court

Quezon

-

Quezon Municipal Gymnasium

Don Carlos ug Kitaotao

-

Don Carlos Municipal Gymnasium

-

Kibawe Municipal Gymnasium

Dangcagan, Kibawe Damulog ug Kadingilan

Ang pagpangrehistro pagasugdan sa 10:00 sa buntag hangtud ala 1:00 sa hapon. Ang programa magasugod sa ala 1:00 sa hapon hangtud mahuman ang maong kalihukan. Adunay RAFFLE DRAW sa matag clustered venue human sa business proper. Busa ayaw kalimot!! Karong Hulyo 12, 2014, giawhag ang tanang membro-konsumante sa pagtambong niini nga panagtigum. Palihug pagdala sa inyong FIBECO ID o ubang valid identification card.

Nagpahibalo,

(SGD) DIR. FELIX G. VERGARA JR. Board Secretary

China, Nor th America, G e n e r a l Ma r k e t s * a n d Europe* have experienced gains of 12.0% (326,108 units sold), 6.5% (334,357 units sold), 2.9% (263,239 units sold) and 1.3% (300,383 units sold), respectively. Kia’s bestselling model in overseas markets for the first six months of 2014 was the B-segment Rio (known as ‘K2’ in China) with 247,388 units sold. The C-segment kia/PAGE 11

LISTED agribusiness firm Vitarich Corp. said t h at it i s re a dy to e x it rehabilitation seven years into its court-approved rehabilitation program. As stated in a disclosure to the local bourse Friday, t h e c o m p a n y ’s b o a r d authorized Ricardo Manuel M. Sarmiento, Executive Vice-President and Chief O p e r a t i n g O f f i c e r, t o petition the Rehabilitation C ourt to declare that t h e c o r p o r a t i o n’s rehabilitation has b een successfully completed, and to allow it to exit from the rehabilitation. On May 31, 2007, Branch 7 of the Regional Tr ial Court of Bulacan approved a 15-year rehabilitation program for the firm, with the S ecurities and Exchange Commission (SEC) on Oct. 16, 2013 approving the conversion of the firm’s P2.38-billion in debt to Kormasinc, Inc. into equity, as well as an i n c re a s e i n aut h or i z e d capital stock to P3.5billion from P500-million. This reduced the amount of the firm’s debt to P800million, with Kormasinc owning some four-fifths of the Sarmiento-run firm, whose finances suffered after the Asian financial crisis in the late 1990s. The company also

disposed of several noncore assets in order to raise operating capital and pay off its remaining debt. In Friday’s disclosure, it noted the board’s approval of the sale of land assets in Bulacan to a low-cost, mass housing developer. The property -- covered by m o re t h a n a d o z e n Tr ans fe r C e r t i f i c at e of Title (TCTs) in Barangay Ab an g an Su r, Mar i l a o, Bu l a c an - - w as s ol d to listed developer 8990 Holdings, Inc., authorizing chairman Jose Vicente C. Bengzon III, to execute the Deed of Absolute Sale for the land. In the first three months of 2014, Vitarich widened its net losses by 138.13% to P42.02-million f rom P17.64-million in the same period last year, seeing gross profit drop 30% as operating grew 27.13%. Originally established in 1950 as the Philippine A m e r i c an Mi l l i ng C o. , Inc. and incorporated in its present form in 1962, Vit ar i c h i s e n g a g e d i n animal and aqua feeds, poultry -- primarily live and dressed chicken -- and pangasius (dory) business. The agribusiness company is 65-year-old and is now being run by the third generation of the Sarmiento family.

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Small banks gear up for consolidation BANGKO Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said small banks are increasing the pace of its expansion to grow networks and boost capital through mergers and consolidations. Tetangco said the central bank is reviewing at least five applications from rural banks for the acquisition of other banks and consolidation. At the end of the first s e me ste r t h i s ye ar, he confirmed that the BSP is already processing seven merger and consolidation ap p l i c at i o n s i nv o l v i n g 15 small banks under its initiative, the Strengthening Program for Rural Banks or SPRB, w hich is coregulated by the Philippine Deposit Insurance Corp. This program, which has a budget of P5 billion, started in 2010 and extended until December 2014. During the recent Rural Bankers Association of the Philippines assembly, Te t a n g c o re m a r k e d t o participants that their slice of the banking sector has continued to grow and expand in terms of assets, deposits, and loans. The BSP chief said rural banks have a lot of challenges and opportunities facing them coming from all sides, and especially from the large lenders and the entry of more foreign banks into the financial system as well as other players. “Rural banks face increasingly stiffer competition f rom both smaller and bigger players,” said Tetangco. There have been a growing presence of cooperatives and nongovernment organizations in the same market, and these businesses relatively have lower costs than most rural banks, he said. “As such, these entities may acquire portions of your market – not only from frontier areas but possibly even those you have nurtured through time.” Perhaps a bigger worry is the ever-expanding network of the big banks, some setting up branches in far-flung areas that in the past were mostly dominated by small banks. “While larger banks may have their own reasons for expanding their branching footprint, the net effect is that rural banks now face more competition,” said Tetangco. The rural banking sector as of end-March has total resources of P209.4 billion, up 8.8 percent year-onyear. Loan portfolio, in the meantime, increased 6.5 percent to P138 billion while deposit base rose 10.6 percent to P145 billion. Tetangco said this shows how resilient the small banks are and reminds them that no other financial institutions or groups – although larger in size – know the countryside business better than them. He encourages more banks to consider merger and consolidations and advises banks that in choosing

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their potential partners or investors, it is important to consider the following — right-sizing, efficiency, risk management, good governance, capitalization, and the “ability to adapt to a constantly shifting environment.” Tetangco has said that

in monitoring these merger and acquisition transactions, it is the mid-sized banks that are more aggressive in consolidations involving smaller thrift banks and rural banks. Consolidation is beneficial since it allows banks to achieve critical

mass to compete not only in the Philippines but against regional banks which will be extending more of its banking business come 2015 when the ASEAN-wide economy forge closer economic cooperation. As of end-March, the BSP is supervising 525 rural banks.

Higher T-bill rates expected TREASURY bills to be auctioned off yesterday will likely fetch yields higher than those awarded at last month’s offer, reflecting tighter monetary conditions, bond traders said. The rise, however, could be tempered by the unexpected easing in domestic inflation last month, they said. The government plans to raise as much as P20 billion in today’s T-bill sale: P8 billion in 91-day debt papers and P6 billion each in 182- and 364-day papers. The T-bill rates would likely mirror yields at the s e condar y market t hat have risen in the run-up to last Friday’s release of June inflation data and after the central bank raised the interest rate it pays for funds parked in its so-called special deposit account (SDA) facility. “The T-bills will be quoted in line with market rates. We expect to see quite a healthy demand for the papers,” a trader said. Three-month debt papers were last quoted at 1.3208% in the secondary market, while

six-month securities fetched 1.5479%, and the one-year T-bills, 1.8875%. Secondary market yields are up by as much as 29 basis points from June 2, when the T-bills were last successfully sold by the Bureau of the Treasury. In that auction, the 91-day, 182-day, and 364-day T-bills fetched 1.035%, 1.481%, and 1.754%, respectively. The government made a full award during the auction, raising P20 billion as planned. “Since the SDA was a d j u s t e d , t h e i nt e r e s t rate differential between government securities and SDA has been lessened,” the trader said. “The yield for one of your outlets for peso investments rose.” The Bangko Sentral ng Pilipinas (BSP) hiked SDA rates in its June 19 policy meeting, citing an elevated outlook on inflation. SDA rates across all tenors were increased by 25 basis points to 2.25%. The rates were last adjusted in 2013, via three consecutive 50-basis-point cuts that ended

in April that year. In its weekly report, BPI Asset Management noted that bond investors last week were initially trading on the possibility of inflation peaking to a new multi-month high. “Prices of government securities fell during the week as market players anticipated inflation to come out at the higher end of the BSP’s targeted range of 3%-5% for the year, which would warrant further rate hikes from the central bank,” the report said. This means that yields rose, as yield is inversely proportional to price. “However, the decline [of prices] was tempered after the inflation print for the month of June came in at 4.4%, which was softer than expected,” BPI Asset Management said. “The inflation print for June trended on the low side. There’s now less pressure for rates to go up,” one trader said. Phi lippine St at ist ics Authority data released on Friday showed consumer prices rising by 4.4% last rates/PAGE 9

How to encourage shy students to speak By MARY GRACE M. PAMOTONGAN Teacher 1 Mabatao Elem. School District of Salvador Division of Lanao Del Norte

Protect the soft-spoken and encourage shy students to speak. Don’t allow long-winded or loud students to dominate the classroom discussion. Call on those who don’t speak much so everyone is heard from. Some students are shy and hated to come to the front of the class to talk. At the same time, they are excellent students and wanted to overcome her fear of public speaking. The teacher may allow them to present from her seat instead of coming to the front of the class. Another idea is to pose a question and give the students a few moments — this allows students to formulate their thoughts before the discussion begins. Listen actively to students during discussions. During discussions, maintain strong eye contact with the student speaking so he/she has your complete attention. Students want to be heard. By nodding, smiling or otherwise acknowledging the student, you show that you are totally committed to listening and understanding what each student has to say. Give critical feedback, but look for ways to compliment the

student for the observations so the student feels encouraged. Guide class discussions so they don’t wander too far off-mission. Incorporate peer review: When students make presentations, which they should do frequently, encourage peer review. Get students to teach each other and to learn from each other. It engages them more than the teacher doing a solo act. output- oriented. The primary measure of program success is what graduates actually know and are able to do. Second, student-centered programs are competencybased. Learning objectives and learning outcomes are tied to the most important skills and knowledge in a program. Third, learner-centered education is dedicated to continual improvement through ongoing assessment of student learning. By monitoring the effects of program changes on learning outcomes, program faculty are enabled to identify problem areas and to design improvements. Make the class interactive: Do everything possible to transform the students from

passive observers to active learners. Get the students out of their seats frequently to work in twos or threes on analyzing an issue. Students learn more and retain more when they are actively involved. They share their thoughts with each other first. Call on students constantly to answer questions: Make a habit of calling on individual students by name to answer questions without first asking for volunteers. This keeps the whole class awake and alert. Never go for more than three or four minutes without getting one of the students to speak. You want your students to be on their toes, knowing that you might call on them at any time to answer a question. Find a student’s strength: If one student is particularly adept at a particular skill set, point it out and have an expectation for the student to be the “expert.” This raises the student in the esteem of classmates and encourages the student to stay abreast of the topic. Try to find a dozen students like this in your class for a variety of topics by being specific in your praise. Don’t just say, “That was a well-written paper,” but indicate exactly what about the ideas, or wording, or structure of the paper you felt made it stand out.

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Opinion

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Focus on the Family

T

hink a minute…Some parents can trace their family back 300 years, but they don’t know where their children were last night. A wise man said: “If fathers took their sons fishing when they were young, they wouldn’t have to go hunting for them when they’re older.” It has also been stated: “There are no illegitimate children— only illegitimate parents.” Just having children doesn’t make a man a father or a woman a mother. One father admitted: “The thorns I’ve reaped are from the garden I planted.” It’s sad that some parents spend more time raising fruits and vegetables than they do raising their own children. Jacqueline Kennedy Onassis concluded: “If you fail to do a good job raising your children, whatever else you do doesn’t matter much.” No work is more important than the work of raising our children to become happy, successful people. The first doctor in history to successfully perform a heart transplant was the S outh Af rican surgeon, Christian Barnard. But in his book, One Life, he tells about his failure as a husband and father. Dr. Barnard had gone away to America for many months doing his worldfamous medical work. He

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THINK

A Minute

By Jhan Tiafau Hurst

tells what happened when he finally went home to his family in South Africa: “It seemed like 100 years since I’d been home. I’d not written my wife and children in months, yet I was still shocked by my wife’s greeting. She asked, ‘Why did you come back? I could see there was no longer a smile in her eyes. She said, “Don’t look so surprised! We gave you up. We thought you were never coming back!” I said, “But I was building hearts.” She replied bitterly, “No, you were building a family! That is, until you dumped it all on me. We no longer exist for you.” At that moment, this brilliant heart surgeon knew that even he could not heal the broken hearts of his own family whom he failed. Many of us have failed as a spouse or parent; but Jesus hurst/PAGE 11

PPI “Going Green” in Baguio City By JESS G. Dureza

(Author is the president/ chair of the Philippine Press Institute, a national association of newspapers)

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ver the weekend, I travelled by bus for the first time to Baguio City, the country’s summer capital 5,000 feet up in the sky for a “green” event. No, definitely not the “green” you naughty guys have in mind. The last time I was up there was during Holy Week several years ago in 2008 during President GMA’s time when I was press secretary. Cabinet members would join the president during the annual “retreat” for some much-needed meditation. All my life, before working in Malacanang, it was an exclusive, bonding time with family usually in the farm or in our hideaway in the mountain. I had to give that up when I worked for the president. I have not returned to Baguio since for about 6 years now. BETTER THAN FLYING ---I was back there, this time for a forum on “sustainable construction reporting” with the Philippine Press Institute and HOLCIM, Inc. attended by Luzon and Manila journalists . I was really planning on driving my car from Manila upon learning that Loakan Airport had been closed for a long time. But at the last minute, I was advised by my daughter Ning that it would be better taking the passenger bus. She was right. The 4-hour bus rides from Cubao in Quezon City to Baguio via the Marcos highway and back were totally pleasant. ( Kennon Road is open only to light vehicles. Victory Liner’s “de luxe” coach had airplane-type reclining seats, free wifi and TV, free snacks and bottled water on board with a uniformed attendant (like airline stewardess) with a cubicle-type restroom situated at the middle section. And unlike plane flights, the bus schedules were on the dot. I would have spent about

editorial P5,000 for gasoline alone if we drove up. Passenger fare was only P750 one way. While in Baguio, I missed the shivering cold temperature unlike in past years -- due to global warming or climate change, maybe. But the populous mountainside looked as if it exceeded its “carrying capacity” of development. DON’T BAN PLASTIC --- Now back to being “green”. I listened intently to the resource persons notably President Mike Guerrero of the Green Architecture Advocacy Phil. who surprised us with some “back to basics” principles that we, more often than not, took for granted. For example, he shook me with the proposition that non-biodegradable plastic bags should NOT be replaced by paper bags, as now being advocated almost everywhere. He said that paper bags are usually single-use items unlike plastics that are more durable. Moreover, paper bags are made from lumber and wood thus endangering our already disappearing trees and depleted, thinning forests. But plastics can be recycled and can be used for a myriad of other things. SO, THE ISSUE SHOULD NOT BE ABOUT PLASTIC PER SE BUT ITS DISPOSAL. Just because plastics clog our waterways and sewage systems should NOT be a reason to BAN them. The advocacy shift should be on WHERE we bring them or how we PROPERLY DISPOSE of them to prevent the negatives. It is in mishandling them rather than its use that should be the object of our canpaign, if not anger. Just plain “common sense”, right? Now, after hearing that, I’ve changed my mind about pushing for paper bags. Someone whispered that some enterprising exporter must have planted this idea of shifting to paper bags to make oodles of money in the process. And our policy

makers swallowed this hook line and sinker. I wonder. SUSTAINABILITY --- Of course, core of the discussions is on climate change and the need to survive due to global warming. And how “mitigation” (reducing the risks) and “adaptation” (adjusting to realities”) have a fine, thin line of difference. Mitigation is a proposition that is “too late and too little”, our resource person said. Perhaps we should work on “adaptation”. I also got a little new provoking thought about “resiliency” or our own people’s absorbing the shocks and still surviving and moving on. In fact this is touted as a good thing to be proud of . On close look, resiliency is NOT that desirable or some quality we should be proud of. It may connote something bad. Indeed, resiliency in our present context is all about not adjusting but just surviving. Being resilient is therefore not always desirable because it merely enamors our people but does not encourage them to improvise and craft new ways and devices. Adaptation is perhaps more apt. Like the simple idea of returning back to houses with posts or on stilts to counter flooding; or a return to the more adaptable horse-drawn calesa instead of stallable cars during floods. Or perhaps a modernized version jetskitype tricycles to navigate rising waters. I was also fascinated at how the buzz-word “sustainable development” was defined. It was simply defined as “an instinct for survival.” Another discussant, Baguio Water District General Manager, Eng r. Sa lvador R oye c a described it as “meeting the needs of the present without compromising the ability of future generations to meet their own needs”. SOME EXAMPLES -Being “green” is to be practical , economical and practicing

sustainable development as generally defined by GM Royeca. But it is still at its infancy due to issues of costs, complexity and the usual resistance to change. For example, Architect Mike Guerrero talked of practical ways in building a “green” home or structure that are consistent with this practice. His tips include: Keep the sun out, let the light in, catch the breeze, insulate the roof, harvest the rainwater, efficient lighting, use of renewable materials, and other steps where we “ work with nature” It is interesting that HOLCIM’s best practices along these concepts were exemplified in its sponsored building of core shelters for calamity victims in the Compostela Valley areas destroyed by Typhoon Pablo. There, a sustainable barangay strategy was executed on the ground that included energy efficiency, water management, sustainable community. The design of the shelters was along the lines of the mentioned concepts and it will be interesting to revisit the sites to check-test the viability of this new strategy for possible replication in other areas in the future. ( A planned visit to Comval will be done by PPI and Holcim soon.) Other interesting vignettes mentioned included how to place solar panels to get the most sunlight ( in the southside where sunlight is available almost the whole day due to our position in relation to the equator) , the positioning of buildings and structures to minimize heating of the sun,(not predominantly facing east and west) the placement of windows to catch the breeze ( like windows from the floor up) the use of incandescent and LED bulbs ; the use of renewable energy : and various other tips that we always take for granted. Oooops! I am on the run now just to catch the deadline. Next time, we will write some more about the specifics of how “greening” is the way to the future.

How to Differentiate Yourself from the Competition

Y

ou’re not alone in your target market — you’ve got competition! And in today’s lightningfast flow of information, it can seem as though every market has become a “commodity” market, where people view products or services as a dime a dozen. This means that your target customers will keep scouting around for the best possible deal. As a result, many business owners slash their prices to compete. But if you know how to position yourself properly, you can avoid resorting to this. The solution is to DIFFERENTIATE you from the competition.

When you can clearly and effectively communicate to the public how you’re different, better, or more suited to their individual needs, you STOP being compared to every other great businesses and… become your own category! When you’re differentiated, you give your prospects a good reason to beat a path to your door, while your competitors race to slash their prices yet again. Here are some proven steps to help you differentiate your offerings and make an impact on your prospects: 1.) Eliminate: Is there something you can eliminate from your current offerings? Look for anything that is

unnecessary or unimportant to your customers, and will help you provide a better, more streamlined service by not including it. 2.) Reduce: Are there ways you can reduce or lower what’s already included in your offering that will help you outshine your competitors? 3.) Add to: How can you ramp up your product or service so that it’s bigger and better than what your competitors have? 4.) Create: What new value can you create that no one else has? The process is simple. Eliminate, reduce, and lower in areas that are traditionally unimportant. Next, enhance

MORE POWER!

an entrepreneur’s road map to success

By BOB BARE

and create added value to make your products and services stand out. The result will be better, more efficient, more effective product and service offerings t h at k e e p y o u s o l i d l y differentiated in the market.

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VICE GOVERNOR PELAEZ BARES SERIOUS MISMANAGEMENT ISSUES OF MORESCO II

7

(CALLS FOR INVESTIGATION AND COMPREHENSIVE AUDIT) “Misamis Oriental II Rural Electric Service Cooperative (MORESCO II) is seriously mismanaged!” These are the strong words coming from Vice Governor Joey G. Pelaez as he delivers his privilege speech during the 24th Regular Session of the

Sangguniang Panlalawigan of Misamis Oriental. To back up his strong words, Vice Governor Pelaez cited three (3) instances which show how serious the problems are of MORESCO II. MULTI-MILLION LOAN

FOR THE 27 KILOMETER 69KV SUB-TRANSMISSION LINE The loan amounting to ONE HUNDRED ONE MILLION EIGHT HUNDRED SIXTY-TWO THOUSAND PESOS (Php moresco/PAGE 9

Career opportunities in real estate highlighted in CUAA seminar Cagayan de Oro City, Misamis Oriental (July 2, 2014) – As part of its continuing mission to provide its members with activities and opportunities that benefit the community, Capitol Un i v e r s it y A lu m n i As s o c i at i on ( C UA A ) recently conducted a career orientation seminar on real estate at its Audio Visual Room. Organized in partnership with Italpinas Euroasian Design and Eco-Development Corp. (ITPI) - a Cagayan de Oro property developer specializing in sustainable development and design, the seminar sought to prov i d e g u i d an c e t o C apit o l Un i v e r s it y students seeking career development in real estate. About 180 students from Capitol University and guests from other schools attended t h e s e m i n a r. C a re e r opportunities in real estate in the country and abroad were presented

to the students during the seminar. Participants also learned about the techniques on how to respond to an increasingly global market of Philippine buyers and sellers. National Real Estate As s o c i at i on ( N R E A ) chairman Alejandro Mañalac, who was one of the guest speakers at the event, lauded CUAA for organizing the seminar. “It was a very good initiative done by the university to open the eyes of the students and have a different perception of real estate, exposing them to different aspects of the industry,” he said. CUAA Board Member and Coordinator Mark Doblas also shared: “It has been a delight to serve our general membership yet the opportunity to extend these services to the students and to the community as a whole is even more delightful and fulfilling.” Also invited to speak

at t he s e m i n ar we re Cheryll Barriga, general manager of Primavera Residences – an initial project of ITPI – and Lorens Ziller, chairman of Multiplata Investment Group. Barriga presented Primavera Residences as a case study on sustainable development. Recognizing the increasing number of real estate developments in Cagayan de Oro and their significant contributions to the city’s economy, the association believed that students should start exploring the industry as a career potential. “Real estate is not just for salesmen or brokers. For students, it doesn’t mean that their future is dependent on the course they’re taking. The most important thing is for people now to consider real estate as a true profession – as a true career not just a sideline, but a real full time profession,” shared Mañalac.

TECHVOC SCHOLARS: Seventy-seven (77) out of school youth from Villanueva, Misamis Oriental receive technical-vocational scholarship grant that enable them to pursue various technical-vocational courses at various schools in Cagayan de Oro City. The scholars belong to this year’s batch of Project SKILLS (Strengthening Knowledge in Lifelong Skills) Program sponsored by energy-firm STEAG State Power Inc. (SPI) and implemented in partnership with COBSAT, LGU Villanueva, DepEd and DOLE. Since 2011, about 246 Project SKILLS scholars have completed various technical courses, and more than half of these graduates have found gainful employment.

MISAMIS ORIENTAL – VICE GOVERNOR JOEY G. PELAEZ temporarily relinquished his post as Presiding Officer of the Sangguniang Panlalawigan and made a privilege speech urging members to petition NEA to investigate and conduct a comprehensive audit of MORESCO II.

Misamis Oriental Governor Yevgeny Vincente B. Emano leads the distribution of MisOr CareS access cards to beneficiaries at Initao and Manticao provincial hospitals on Monday, July 7. MisOr CareS is the new healthcare and social services program of the provincial government which aims to provide better and more benefits to people, especially to the poor. This is the first of the four phases of distribution. The provincial government is set to distribute 100, 000 MisOr CareS access cards this year. “Kung taga MisOr ka, secure ka!” CAPITOL PHOTO

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IN COOPERATION WITH

A S I A N H I L L S G R O U P O F C O M PA N I E S

P R E S E N T

Deadline extension for nominees: July

15, 2014

JULY 26, 2014 - Awards Night to be held at Centrio Mall Cagayan de Oro City

2012 Mindanao Business Leaders and Entrepreneur Awardees

The

MOST OUTSTANDING MINDANAO BUSINESS LEADER IN AGRI-BUSINESS, CORPORATE CATEGORY LAPANDAY FOOD CORP. BANKING & FINANCE, CORPORATE CATEGORY One Network Bank Health Food Production & Marketing, Corporate Category Amley Food Corporation Housing & Realty Development, Corporate Category PUEBLO DE ORO DEV’T CORP. in HOTEL, RESORTS & Tourism Industry, DAKAK BEACH RESPORT IN AGRI-BUSINESS, INDIVIDUAL CATEGORY Mt. Kitanglad Agri-Ventures, Inc. IN BANKING & FINANCE, INDIVIDUAL CATEGORY D‘ Asian Hills Bank IN HOTEL, RESORTS & TOURISM DEV’T, INDIVIDUAL DUKA BAY RESORT INC. IN HOTEL, RESORTS & TOURISM DEV’T, INDIVIDUAL Eden Nature Park IN MEGA-ENTREPRENEUR CATEGORY LIMKETKAI & sons IN MEGA-ENTREPRENEUR CATEGORY ZEALEP INC. IN SME ENTREPRENEUR CATEGORY SLERS in Transport Service Industry YANSON Group of Companies in Broadcast Industry RADIO MINDANAO NETWORK in SPORTS & ENTERTAINMENT UC-1 CORP.

The

2013 Mindanao Business Investors Awardees

NESTLE Food Processing Industry AYALA LAND INC. Housing & Real Estate Industry CEBU PACIFIC AIR INC. Airlines Industry

A MINDANAO-WIDE SEARCH FOR: n OUTSTANDING ENTREPRENEUR OF THE YEAR (Mega & Medium) n OUTSTANDING BUSINESS LEADERS (Individual & Corporate Category) in the Fields of: - Agri-business - Banking & Finance, - Alternative Energy Dev’t/ - Transport Industry - Health Food Production - Housing & Realty Dev’t; - Hotel & Resorts Industry

COCA-COLA Bottlers Phils Inc. Beverage Manufacturer

ENTRY REQUIREMENTS:

SAN MIGUEL BREWERY Beer Industry

2.

DEL MONTE PHILIPPINES Agro Industry RIZAL COMMERCIAL BANKING CORP. (RCBC) Banking & Loans Services GOTHONG SOUTHERN Shipping & Cargo Services PRYCE PLAZA Hotel Industry SONY APPLIANCES Appliance Industry UNION GALVASTEEL Home Bldg & Materials Industry SUN CELLULAR Mobile Comm. Service Provider MY SOLID TECHNOLOGIES Cellular Phone Manufacture MX3 Herbal Industry SUPER 5 Public Transport Industry SM PRIME HOLDINGS Malls & Superstores Industry

1.

3. 4.

Individual & Company/Establishment nominators shall fill up Nomination Forms available on-line at the Sponsors Website, or the printed page of Businessweek Mindanao and Mindanao Daily issues or may be mailed if requested, from the Awards Secretariat. Nominees or candidates in various categories shall be nominated by an individual, organization or group or the Local Government Units (LGUs) Nominations shall be accompanied by the ff documents which can be mailed, or emailed to the awards secretariat not later than April 30, 2014. Brief Resume and History of the Nominee (Individual or Firm) and - Photos (at least 3) ; Nomination Form ; Documentary evidence such as certificates, awards or citations

SELECTION PROCESS:

The Board of Judges shall be composed of known personalities from the Media, Business Community, the Academe, and select government institutions invited by the Awards Secretariat - Entry forms and documents shall be furnished to each of the five judges - Entries shall be published in the BWM & MDB and other newspapers - Results of the Selection Process shall be published in newspapers and other media outlets . Awardees shall be personally informed by the Secretariat thru mail, or email

RATIONALE OF THE PROJECT

- The achievements of various Mindanao business leaders and entrepreneurs need to be recognized, not only by government institutions and social awards bodies but from the media as well. - BusinessWeek Mindanao as a forerunner of information on the various business leadership and entrepreneurial strides of Mindanaoans deems it as a part of its social responsibility to trumpet such achievements for others to emulate and thus propel a Mindanaoan consciousness in every economic and business stakeholder, whether small or great, the responsibility to help Mindanao achieve sustainable development of its economy.

MISSION & VISION OF THE AWARDS

The holding of BWM Awards annually would serve as catalyst for a continued and concerted effort of business leaders and entrepreneurs to seek greater heights and strive for success in the noble mission of propelling Mindanao and its people towards full economic growth and sustainable development.

Send nominatons & documents to:

The Awards Secretariat 2014 Mindanao Business Leaders Awards

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Funds... from page 1

Mindanao. This year, Mindanao is getting P151.963 million, or 47.42%, of TIEZA’s P320.463 million budget. PRIORITIES Ms. Antonino stressed t hat prop os e d proj e c ts should provide sustainable livelihood for the community and promote environmental protection. She cited as an example the P30-million ecotourism facilities on Tawi-Tawi’s Turtle Islands which received P28 million from TIEZA. “While Mindanao is blessed with natural resources that make ecotourism one of its maj or e conomic drivers for growth, tourism development... must not be pursued at the expense of our environment,” Ms. Antonino said. Some of the ongoing TIEZA-funded projects in Mindanao are the Baywalk in Digos City; a drydock facility on Siargao Island; a World War II landmark in Agusan del Sur; as well as access roads and support facilities for Tinuy-an Falls and the Enchanted River, both in Surigao del Sur. L a s t w e e k , M i n DA launched its inclusive growth program, which aims to help investors find suitable areas for their capital ventures and link them with local governments. TIEZA, as an agency attached to the Department of Tourism, is mandated to designate, regulate and supervise the establishment of tourism enterprise zones, as well as develop, manage and sup e r v is e tou r is m infrastructure projects.

Steag... from page 1

Management Association of the Philippines (PMAP) 16th Mindanao Summit recently hosted by Cagayan de Oro City. Steag owns and operates Mindanao’s largest and most modern plant. In his talk, “Business Continuity Management: Leadership in Crisis and Disaster Preparedness Response”, Dr. Evers shared his company’s recent crisis experience when the power plants two turbines were damaged in an industrial accident. “As a leader, you must have a vision for crisis resolution. Without a clear and compelling vision for response and recovery, you will not be able to adequately lead your people during times of crises.” “Your people will be stressed out and deadlines time-compressed. Information will be inadequate and the high consequences of your responses could determine if people will be harmed, careers ruined and your company seriously damaged,” he added. The BCM Institute defines BCM as “an organizationwide discipline and a complete

set of processes that identifies potential impacts which threaten an organization. It provides a capability for an effective response that safeguards the interests of its major stakeholders and reputation.” D r. Eve r s c it e d t h e f ive guiding principles for managing a crisis and how Steag closely observed them in dealing with its disaster: (1) Well-being of people first, with caring and compassion; (2) Assume appropriate responsibility; (3) Address needs of all stakeholders in a timely manner; (4) All decisions and actions based on honesty and ethical guidelines; and, (5) Available, visible and open communication with all impacted parties. According to research conducted by the Center for Risk Communications, demonstration of caring is more important than all other leadership traits combined. “If you come across as uncaring, people will become outraged,” Dr. Evers said. “Caring during crisis response is not a feeling. Caring is a set of corporate and personal behaviour that elicit the perception in impacted stakeholders that you and your company truly care.” The executive singled out the importance of two-way communication in clearly coming across with caring. “Simply put, you will ne ver b e any b etter at responding to crisis than your communication. That involves how well you listen to obtain facts, and how well you speak openly to impacted stakeholders.” He cited how all too often human communications fail during a crisis. “Unclear goals, misunderstood instructions, poor delegation, incomplete feedback systems - lack of decision-making - these are the core communication failures within most crisis s i t u a t i o n s .” D r. E v e r s stressed. “Leaders must therefore continually focus on crafting and sending c l e a r, u n a m b i g u o u s communications with little or no error of misinterpretation by their supervisors, peers, subordinates, customers, community, or the media.” He urged crisis managers to adopt specific, concise, and action-focused language to effectively connect with everyone impacted by the crisis. “Experience and empirical research all seems to agree. It is best to prepare. Crisis leadership planning, training, t able top exercis e and simulations, they all play an important part in helping you become a crisis leader,” he concluded. The summit was focused on the theme “Gearing Up for As e an Integ rat ion” which is scheduled to be implemented next year with the planned creation of the Asean Economic Community (AEC). The AEC envisages the creation of a single market

and production base, a highly competitive economic region, equitable economic development, and a region fully integrated into the global economy. Hu man R e s ou rc e s Development and Capacity Building ranks high among the AEC areas of cooperation along with recognition of professional qualifications; clos er co ordination on macroeconomic and financial policies; trade financing; enhanced infrastructure and communications connectivity; development of electronic transactions through e-Asean; integrating industries across the region to promote regional sourcing; and enhancing private sector involvement for the building of the AEC. The AEC aims to transform Asean into a region with free movement of goods, services, investment, skilled labor, and freer flow of capital. Asean leaders adopted the economic blueprint during the 13th Asean Summit held in November 2007 in Singapore.

Corn... from page 1

Average yield likewise posted improvements at 2.75 MT per hectare. Both varieties posted increases in yield, but yellow corn registered the biggest yield at 3.74 per hectare. In terms of value, the 11 percent increase in the farm gate price for white corn (P13.44 per kilo) coupled with the six percent increase in its production pushed the value of white corn to P1.207 billion, up by 18 percent year-on-year. The value of yellow corn also went up by 21 percent totalling P2.263 billion mainly attributable to increased production volume. By provinces, Clarete said production growths were more pronounced in Bukidnon and Lanao del Norte for both yellow and white corn varieties. B u k i d n on pro du c e d 209,251 MT during the quarter, 22 percent higher than the registered production last year while Lanao del Norte produced 52,229 MT, up by 11 percent from last year’s level. The positive corn production performance by the two provinces was due to sufficient rainfall during vegetative and reproductive stage in Lanao del Norte, usage of RR varieties, and the increase demand of yellow corn variety for commercial (feeds) purposes which resulted to increase in yellow corn areas in Cabanglasan and Malaybalay City in Bukidnon.

Moresco... from page 7

101,862,000.00) was secured by MORESCO II from the National Electrification Administration (NEA) to construct a 27 kilometer 69kv sub-transmission line. The

loan was approved by NEA Board of Administrators on 18 October 2011. On 4 November 2011, MORESCO II subsequently applied to Energy Regulatory Commission (ERC) for the approval of emergency capital expenditure projects with prayer for authority to secure a loan in the hope of passing-on to the member-consumers the payment for such loan which includes the construction of a 69kv sub-transmission line to be installed from the Balingasag Substation to the Sugbongcogon Substation. On 19 November 2012, ERC DENIED the application to build the proposed 69kv line project from Balingasag to Sugbongcogon. When Vice Governor Pelaez verified with NEA, the loan applied for by MORESCO II was already released in two (2) installments; the first on April 2012 in the amount of PhP 51,313,000.00, and the second was on January 2013 in the amount of PhP 50,549,000.00. “The construction of the 69kv sub-transmission line has already commenced. Why was MORESCO II overly eager to construct the 69kv line project without waiting for the decision of the ERC? The ERC subsequently denied in part its application, and the sub-transmission lines now serve as white elephants!” Vice Governor Pelaez expressed. Vice G over nor Jo e y Pelaez further added that the payment of the subject loan will cause irreparable and serious damage to the financial position of MORESCO II considering that the loaned amount cannot be passed-on to consumers pursuant to the decision of ERC. “MORESCO II deliberately failed to consider the impact of obtaining the

multi-million loan on the electricity bills especially to the poor member-consumers when they secured a loan and intentionally ignored alternative options that will entail cheaper projects and will not burden as much our over-burdened poor member-consumers. Instead, MORESCO II pursued a colossal project big enough for the demands of their franchise area. This is an irresponsible action indicative of serious mismanagement!” Vi c e G ov e r n o r Pe l a e z reiterated. BO OM TRUCK APPREHENDED On 28 Januar y 2014, M O R E S C O I I ’s b o o m truck carrying lumber and flitches of lauan wood was apprehended in Doming Cuerdo St., Gingoog City. There was neither cutting permit nor transport permit presented which is violative of EO 23 (the law prohibiting illegal logging) and EO 277 (The Revised Forestry Code), as amended. “Why would the management of MORESCO II allow its equipment to be used in transactions which are illegal? This is clearly an indication that MORESCO II is seriously mismanaged!” Vice Governor Pelaez emphasized. UNBUNDLING OF RATES Section 36 of Republic Act No. 9136 or the Electric Power Industry Reform Act (EPIRA) which took effect in 2001 specifically requires each distribution utility to unbundle rates of providing services. This means that the power actually used by the consumer will only be the one reflected in the bill. But MORESCO II is imposing the minimum power usage of 15kWh for residential consumer and 30kWh for commercial consumers. Thus, member-

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 41 Cagayan de Oro City IN RE: APPLICATION OF LAND LRC NO. N-2014-006 REGISTRATION OF TITLE, LOT No. 1509 Cagayan Cadastre located at ARNULFO ESCALANTE LANCIN, Kauswagan/Bonbon Applicant. Cagayan de Oro City X-------------------------------------------/ ORDER Finding the verified application for registration of a parcel of land designated as Lot No. 1509 Cagayan Cadastre, located at kauswagan/ Bonbon, Cagayan de Oro City, Province of Misamis Oriental, Island of Mindanao, filed by applicant herein to be sufficient in form and substance, the same is set for INITIAL HEARING on November 26,2014 at 8:30 o’clock in the morning at this court, sitting at the Supreme Court Bldg., Capitol Compound, A. Luna Street, Cagayan d Oro City. Persons interested in this are required to answer and appear before this court on the aforesaid date and make known their opposition thereto. The Administrator of the Land Authority is hereby directed, a t the expense of the applicant, to cause the publication of the Notice of Initial Hearing in the Official Gazette and once in a newspaper of general circulation in the Province of Misamis Oriental and Cagayan de Oro City. Further, the applicant is hereby directed to furnish copy of the applicantion and its annexes to the Solicitor General. Lastly, let copies of this Order be furnished to the concerned offices of the Department of Environment and Natural Resources (DENR) of this city and of this province. SO ORDERED. Cagayan de Oro City, June 4, 2014.

(Sgd.) JEOFFRE W. ACEBIDO Presiding Judge BWM: July 9, 2014

9

consumers who use lessthan-the-minimum power are being overcharged. “ This does not only manifest a serious disregard of law but also guilty of disparaging the welfare of the poor member-consumers,” Vice Governor Pelaez said. T H E S A NG G U N IA NG PA N L A L AW I G A N RESOLUTION The Sanggunian Panlalawigan of Misamis Oriental passed a resolution to “PETITION THE NEA TO INVESTIGATE AND CONDUCT A COMPREHENSIVE AUDIT OF MORESCO II FOR SERIOUS ACTS OF MISMANAGEMENT.” The members of the Sangguniang Panlalawigan further resolved to “R E Q U E S T T H E N E A TO FILE APPROPRIATE CRIMINAL, CIVIL OR ADMINISTRATIVE CASES, IF WARRANTED, AGAINST RESPONSIBLE OFFICIALS OF MORESCO II.” NEA’S POWER Under the law, NEA is empowered to supervise the management and operation of all electric cooperatives (ECs). It can also formulate and impose administrative sanctions and penalties. If warranted, it can file criminal cases against those who are found in violation of any provisions of RA 10531 and its IRR. NEA is also given super visor y power over ECs and authority to issue preventive or disciplinary measures including but not limited to, suspension or removal and replacement of any or all members of the board of directors and officers of the ECs, as NEA may deem necessary and to take any other remedial measures as the law or any agreement or arrangement with NEA may provide pursuant to Section 4-A (b) of RA 10531. “The acts of MORESCO II, its Board of Directors, General Manager and Officers are clearly ultra vires and b e yond their p ower to do. Failure in our duty to protect the interest of the poor member-consumers is a serious dereliction of our respective mandates as public officers. This Sangguniang Panlalawigan will not tolerate the abuses of MORESCO II especially when it involves the welfare of our constituents,” Vice Governor Pelaez said. SP COMMUNICATIONS

Rates... from page 5

month, slowing from 4.5% in May but accelerating from the 2.7% recorded a year earlier. The headline print fell within the BSP’s 4.1-5% forecast but was slower than the 4.6% median in a poll of economists. Still, a trader said the market expects further regulator y steps toward monetary tightening. “The consensus is still that the BSP will tweak something in the coming months, so there’s still demand for short tenors,” the trader said.

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Primavera Residences commends CdO, stakeholders on awards win

I

talpinas Euroasian Design and EcoD e v e l opm e nt Corporation (ITPI), an Italian-Filipino company that designs and develops sustainable properties all over the country, has recently celebrated its win at the 2014-2015 Asia Pacific Property Awards in Kuala Lumpur by holding a celebratory dinner at the function hall of Primavera Residences last June 28. Primavera Residences is ITPI’s flagship project in Cagayan de Oro. It is the first eco-friendly condo complex in the city.

Photos by GLENN PALACIO

The celebration was held to honor ITPI’s stakeholders, as well as the city of Cagayan de Oro for their support. Primavera Residences’ remarkable design, as well as its energy-saving features, are what helped cinch its Best MixedUse Development in the Philippines award at the Asia Pacific Property Awards - an achievement that ITPI partly attributes to their shareholders. “Our recent achievement does not only recognize our project, but our partners

and stakeholders as well. Without their support, we could not have won the award,” said ITPI chief executive officer, Arch. Romolo V. Nati. Nati recounted the difficulty in starting the project, but noted that it was worth it. “When we were constructing Primavera Residences, it was a risk, especially considering that ours is the first condominium development in Cagayan de Oro, but definitely we can say that our risk really paid off,” Nati shared.

Nati explained that they chose to set up Primavera Residences in Cagayan de Oro because of the city’s potential for business growth and natural beauty. “We think that it’s about time that the real estate market serves areas such as Cagayan de Oro. We chose this city because there’s so much to fall in love with. You have thriving businesses here with some multinational companies setting up shop, but it still retains its clean environment,” he added. The dinner celebration also honored the city of

Cagayan de Oro, most particularly Mayor Oscar Moreno, for supporting the project every step of the way. Mayor Moreno, the guest of honor at the celebratory dinner, commended ITPI for their forward-thinking drive to invest in the city. “Primavera Residences has made a mark in Cagayan de Oro’s urban landscape. Their recent win has really put our city on the map,” observed Mayor Moreno. “We are fortunate to have been receiving strong support from the local

Exciting things await you in this year’s TravelXchange T

he TravelXchange, now on its 8th year, will be held in Robinsons Place Bacolod on July 18 to 20, announced by the Department of Tourism (DOT) Region VI Director Helen J. Catalbas. The oldest and most prestigious travel show in Western Visayas will be bringing you worldclass hotels and resorts, adventure and water-sports vacations, theme parks, holiday cruise programs, travel accessories and other related products. You also get to have top regional holiday destinations and best selection of travel ideas, sporting activities, tours, airfares and wellness packages available. “There will be more participating companies this year which will surely heighten the festivities,” stated Charles Lim, founder of TravelXchange and president of SELRAHCO, the event

organizer. Cebu Pacific Air, the country’s biggest airline provider and one of the sponsors of this event, is offering airfare discounts and travel packages only available in this year’s TravelXchange. Other sponsors of this event include DOT Western Visayas, Province of Negros Occidental, City of Bacolod, TIEZA, PAGCOR Bacolod, Canon Marketing Inc., Resorts World Manila, Sun Cellular, Cebu Pacific Air, and Go Hotels. This year’s participating companies include Montebello Vista Hotel, Punta Bulata Resort and Spa, Asia Travel, Enchanted Kingdom, DOT Region IX, Sarrosa International Hotel, Sta. Monica Beach Club, Seda Hotel, TIEZA, Canon, Cebu Pacific Air, Resorts World Manila, Sun Cellular, PAGRCOR Bacolod, L’Fisher Hotel, Miss Scuba Philippines

2014, Asian Institute of Culinary Arts and many more. Attendees will get to see special shows and presentations that will offer entertainment, educational fun and interactive events to be featured in selected TV shows and print media coverage. The event will also feature exciting activities and games for students like TravelXchange Young Ambassador and Travel & Shop Fun Challenge. A Photo Contest, with exciting prizes from Canon, would also be opened for everybody aged 16 years old and up. There will also be regular raffle draws of trips, holiday packages, hotel and resort accommodations and travel products during the 3-day fair. For inquiries and information to participate, email travelxxchange@ gmail.com or contact Jade Durango at 09228218111.

government, particularly from Mayor Moreno, and all the stakeholders. And we are proud to say that they are our partners and strong allies in our advocacy on the sustainability of the environment,” said ITPI chairman Dr. Jose P. Leviste, Jr. Dr. Leviste stated that he hopes the win will not only push ITPI to even greater success, but also help the city they invested in achieve its goals of sustainability and greater economic success. “We want to share our victory with the people of Cagayan de Oro, because we believe they are an integral part of our success and together we can work hand-in-hand to help make the city an economic hub in Northern Mindanao," Leviste said. Among those honored at the celebratory dinner were Primavera Residences’ stakeholders including its bank partners, brokers, local government units, and media partners. Primavera Residences is a twin-tower, ten-story mixed-use development located in the Uptown Cagayan de Oro. It incorporates passive green design features like cantilevered edges that provide shade and minimize the amount of direct sunlight that hits its windows and an inner courtyard that acts as a funnel pushing warm air out through the roof and letting cool air flow naturally. These passive cooling features allow residents of the building to lessen their aircon use, thus resulting in reduced energy consumption. For more information about events at Primavera Residences, visit the website at www.primaveraresidences. com or call (088) 310-8173, 0917-7921078.

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Tax...

Drive...

KIA...

taxes remain the top source of revenue at P1.27 billion, contributing 62 percent to the total regional tax revenues during the period. Collections from valueadded tax amounted to P498.46 million, representing 24 percent of the total revenues. The remaining 14 percent was shared by percentage taxes, excise taxes, and other taxes. Engr. Cecilio Y. Clarete, chief economic development specialist of NEDA-10, said during the media forum on regional economic situationer held at RDC C on f e re n c e R o om l a s t July 3, that the rise in tax collections was attributable to the improved tax mapping efforts of the BIR. He said increased revenues from the business sector and improved payment system in several local government units in Northern Mindanao also contributed to the upward tax collections trend in the region. In terms of Revenue Dist r ic t Of f ice (RD O), Cagayan de Oro City RDO topped anew other RDOs in the region with P1.15 billion collections. Ta x e s c o l l e c t e d b y Cagayan de Oro City R D O w h i ch a c c ou nte d for 56 percent of the total collections also rose by 24 percent, year-on-year. Iligan City RDO collected P332.32 million representing 16 percent of the total collections while Bukidnon RDO posted P314.56 million with 15 percentage share. The remaining 13 percent was shared by Ozamiz City RDO and Gingoog City RDO with P186.88 million and P75.92 million, respectively.

public markets here. “The City Treasurer’s office should conduct a vigorous information drive about the Eco Bag Ordinance so that store owners – big and small – in the city would know that the city government has been discouraging the use of plastics as wrappers here,” Elipe said. He said that the store owners and stakeholders should also be aware of the provisions of the Eco bag ordinance and be counted in the successful campaign against the use of plastics as a way of protecting the environment. (PNA)

Cerato (known as ‘Forte’ or ‘K3’ in some markets) was the second bestseller with 219,484 units delivered, while the Sportage compact CUV, Optima D-segment sedan and Soul urban crossover followed with 209,045, 133,370 and 97,114 units sold, respectively. .

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EXTRA JUDICIAL SETTLEMENT AMONG HEIRS WITH WAIVER OF RIGHTS Notice is hereby given that the intestate estate of the late ROMULO ALVIA SERINO , who died on July 27, 2008 at Baroy, Lanao del Norte without any will; That the said deceased ,at the time of his death, left certain real properties, situated in Sanz Subd.,Poblacion, Tubod ,Lanao del Norte and more particularly described as follows, to wit: left “ A parcel of Lot 2, Blk 8, Psd-123522-017578, being a portion of Lot 14 Blk C, ( LRC) Psd- 100834 situated in the Barangay Poblacion, Municipality of Tubod, Province of Lanao del Norte, Island of Mindanao. Bounded on the N. along line 4-1 by Road Lot 1: on the E., along line 1-2 by Lot 3; on the S. along line 2-3 by Road Lot 4; on the W., along line 3-4 by Lot 1, all of the subd. Plan. Containing an area of ONE HUNDRED FORTY ( 140) SQUARE METERS, more or less, including the improvements found thereon.” “ A Parcel of land Lot 3 Blk 8 of the subd. Plan, Psd-123522017578,being a portion of Lot 14 Blk C (LRC) Psd-100834 situated in the Brgy of Poblacion, Tubod ,Province of Lanao del Norte, Island of Mindanao. Bounded on the N. along lines 1-2-3 by Road Lot 1: on the E., along line 3-4 by Lot 4; on the S. along line 4-5 by Road Lot 4; on the W., along line 5-1 by Lot 2, of the subd. Plan. Containing an area of ONE HUNDRED FORTY (140) SQUARE METERS, more or less, including the improvements thereon.” which real properties are covered by Transfer Certificate of Title No. T-22, 016 and TCT No. T-21, 370 respectively of the Registry of Deeds of Province of Lanao del Norte; is the subject of EXTRA JUDICIAL SETTLEMENT AMONG HEIRS WITH WAIVER OF RIGHTS. As per Doc. No. 583, Page No. 88, Book No. XXI, Series of 2014. Under Notary public Atty. SHIRLY PARMISANA- BISNAR.

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Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 37 Cagayan de Oro City

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IN THE MATTER OF THE LEGAL FC SP.PROC. CASE NO. 2014-021 ADOPTION OF JUSHUA PAUL RAHON-DESCALLAR ( 6 YR. OLD MINOR). MARK ANTHONINE O. SUCGANG, Petitioner. x----------------------------------------------------/ ORDER A verified Petition for Adoption has been filed by the above-named petitioner alleging that the minor sought to be adopted is the illegitimate son of his wife and he has developed parental love over the minor and desires to adopt him. Petitioner prays that judgment be rendered declaring the minor to be free from all legal obligation of obedience, and maintenance with respect to his biological father and be to all legal intents and purposes, the child of petitioner. Finding the petition to be sufficient in form and substance, notice is hereby given that the same shall be heard on August 6, 2014 at 8:30 o’clock in the morning. Any interested person may file a written opposition or appear at the said hearing to oppose the said petition. Let this Order be published in an accredited newspaper of general circulation once a week for three consecutive weeks at the expense of herein petitioners, the date of the last publication should be at least fifteen days before the date set for hearing of the petition. The Court Social Worker assigned to this Court is hereby ordered to conduct child and home study and make reports thereon to be submitted before the scheduled date of hearing. Also, at the expense of petitioners, let copies of this Order together with the petition be furnished to the RTC Social Worker assigned to this Branch, the City Prosecutor’s Office , the Office of The Solicitor General, 134 Amorsolo Street, Legaspi Village, Makati City. SO ORDERED. Done this 26th day of May 2014, Cagayan de Oro City, Philippines. (Sgd.) JOSE L. ESCOBIDO, MNSA Presiding Judge BWM: June 25, July 2 & 9, 2014

NATURAL TREATMENT WITH NO CONTRAINDICATIONS WITH DRUGS AND OTHER MEDICAL PROCEDURES.

SERVE THE FOOD THAT HEALS, THE BODY HAS THE POWER TO HEAL ITSELF, THEREFORE ALL REMEDIES AND TREATMENTS SHOULD SUPPORT SELF-HEALING RATHER THAN MASK SYMPTOMS. VEGAN HYGIENIC FOODHAUS, SUPPORT IN NUTRITION AND SUPPLEMENTATION, NON TOXIC, NON INVASAVE CARE TO PREVENT ILLNESS, TREAT ACUTE AND CHRONIC DISEASE: LIKE CANCER, LOWER BLOOD CHOLESTEROL, LOWER BLOOD SUGAR, IMPROVES IMMUNE SYSTEM, CURE HEART DISEASES AND CLEAR TOXIN FROM THE GUT AND VOWELS THAT HAVE NOT RESPONDED WELL TO OTHER COMPLEMENTARY MEDICAL MODALITIES. CONTACT US! MAIN OFFICE: IST ST. SULIT BLDG., ECOLAND SUBD., MATINA DAVAO CITY. PHONE: (082) 286-2606/2868763 CELL#: 09177007206/ 09177006731 (GLOBE) 09194042122/09474706380 (SMART) E-mail: veganhygienicfoodhaus@yahoo.com

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Best in Business and Economic Reporting Philippine Press Institute Civic Journalism Community Press Awards 2013

wednesday|July 9, 2014

IN COOPERATION WITH

A S I A N H I L L S G R O U P O F C O M PA N I E S

P R E S E N T

Deadline extension for nominees: July

JULY 26, 2014 -

15, 2014

Awards Night to be held at Centrio Mall Cagayan de Oro City

L IO SF TN OOFMN OEM PAPA RTRT I A LI A L ILS T IN E SI N E E S BANKING & FINANCE:

AGRO & FOOD PRODUCTION

BANKING & FINANCE:

REAL ESTATE/HOUSING

AGRO & FOOD PRODUCTION

Alrose Group of Companies

HOTEL & RESORTS

HOTEL & RESORTS

started as poultry& piggery backyard operation backFOODS GAMA at early 70’s and later diversified into poultry – table in Zamboanga del CORPORATION egg production, financial services and printing. With Norte has been extending various forms Agri-business and Finance as the core business of the of financial in the known province Alrose isGroup of Companies now operEnterprise Bank,service Inc (formerly as in itsGreenvilleCompany. Agro Corporation a manufacturer and Foods Corporation is a fully inates Jollibee, Greenwich to Red Ribbon, GAMA bracnches branches Mindanao the New Ruralin Bank of Lianga)and wasVisayas. foundexporter of “Organic Certified” poultry industry now serving Balanghai allthe over the region. It is Desiccated one of theCobiggesttegrated fast food Hotel and ed on May 10, 1976 in Lianga, Surigao Del conut, Banana Coconut Oil, CocochainChips, in the Virgin Philippines. dressed chickensItalpinas to variousis customers in art profesa state of the Convention Center Sur Peoples by Mr. IgnacitoBank U. Alvizoof andCaraga other nut Fiber, Coconut Peat, Coconut Chips, and Dried Garden Orchid Hotel is Luzon, Visayas and Mindanao. sional company engaged in archilocated at Gov. Camins Avenue, ZamlocalFounded investorsin as 1972 a community based RuFruits. Its Oil Mill and Refinery produces the Crude, GAMA is also the producer and Evita Banana Trading Co., tectural and design eco services and as the Rural Bank of is situated at the heartboanga of Butuan City City, and is just a stone's throw ral Bank. It has fifteen branches in several Refined, and Virgin Coconut Oil. distributor of one the leading Fooddevelopment. Inc. is engaged in Banana and Pineapple realofestate investment Talacogon, Inc., PBC has branches in Bawhich is the the regional awaycenter from of thethe airport. It is approximatepartsyugan, of Caraga Region, Davao Provinces, It started producing an average of 3,000 export products supplying Middle Eastern It supplies quality specialized Chains in the Philippines. GAMA chicken Cabadbaran, Prosperidad, Sibagat, Caragaeco Region. It is famous many acly 10 for minutes away form the commercial Misamis Oriental and Cebu Provinces. metric tons per month and has since then expanded. design, Digos, Lupon, San Francisco, Sta. Josefa, also isBathe reasonservices why poor(architecture, to middle classinterior places Paseo Del Mar where you can tivity sites in the area are easilylike accessible countries, Southeast Asia, and Australia. Evita In 1997, EBI was accredited by the People’s andAll of its output is exported go dining like by the project management), Compostela, Oroquieta, Talacogon, from the hotel. Tourist attractions the sea. nana started in worldwide. 2006 . Its main office is infamily Lanang, can readily affordfinance Lechon and Manok, Credit and Finance Corp. (PCFC) as one Greenville Agro Corporation was estabDavao City. Evita gets its supply of bananas fromthe lowestidentifying investment Diocesan Ecclesiastical Museum, HistorKapalong. selling price without jeopard- opportunities Norte,Santos some City, municipalities of its program partners in Mindanao. EBI lished in Davao 1990 indel General Philippines of Davao based on the differenttotypes of the ic Magellanes Marker erected in 1872White to izingare their quality. GAMA continues Cagwait Beach Resort delover Sur,500 andemployees. Davao City. Its pineapple export commemorate the celebration of the First real estate eco products (residential, then launched its microfinance program and now has evolve and create value added products harvested from Bukidnon. Mass in the Philippines, the Floating Vilindustrial tourism) in “Kalisud Mo, Tabangan Ko” or KMTK, that best suit the commercial, pallet of the Filipino peo- and lage, Waterfalls geographic locations (Europe and the famous Agusan a credit program which adopts the basic ple. It’s goal is to different provide good, quality and Sumifru (Philippines) Marsh just few moments away from from Rome and Southeast Asianare from Grameen Bank model of solidarity lending. affordable food toManila) all Filipino people. Corp engages in the sourcing, hotel. and professionalthe management KMTK became the flagship loan product of activities. production, shipment and marketing of various EBICantilan and was instrumental in improving Bank, Inc. the From fresh fruits, primarily the export of quality Cavbank’s financial performance. Incorporated in 1962, a one brick-and-mortar branch in 1980, endish bananas, Pineapple and Papayas in China, Alsons Development Cantilan Bank has grown to 18 branchesEstablished Japan, Korea, East,Herbal New Zealand on March 28,Middle 2003, RCA Foods and Russia. & Investment CorpoSumifru has gained high regard in the markets for and 22 Micro Banking Offices operating Products manufactured the first herbal dietary food Cooperative Bank of the excellent quality of its products. in the Caraga Region, Compostela Valley, Cagwait White Beach Resort was known supplement in the Caraga Region, Mindanao, which ration is one of the leading real estate Misamis (CBMO) Davao delOriental Norte, Davao City, before as Waikiki Beach of the Philipwas approved by the Bureau of Food and Drugs Adfirms operating in Davao City. Since its pines when famous American pilot inception, the company has been at the ministration (BFAD) Iluminada Farms Inc., The bank has been a hall of famer of Pitak of Davao is its into producing premium forefront of the real estate industry in Charles Lindbergh saw the horseshoe The company was granted first Certifiquality, farm fresh eggs. It hasFOR beenits 250 branches scattered from Appari Awards of Land Bank of the Philippines as Davao City, with projects such as Las formation like his hometown resort in cate of Product Registration on June 3, 2005, under in the industry since 1980. Today, Terrazas, Park and Ladito Jolo, Ang Lechon Manok Woodridge ni Senior Pedro most outstanding cooperative bank and is N Hotel is one of the Hawaii newest hotels in People from different difislands. BFAD Registration No. FR-52790, attesting that the the company distributes its products slawa in Garden Village. It is backed up by 1st Valley is a multiis the most sought-after most regular cosacknowledged by the Bank Bangko Sentral ng Cagayan de Oro that opened its doors ferent places started flocking to witness Herbal Capsule, has provinces been foundin toSouthern and thewith solid group of companies of the late awarded rural bank in Mindanao, has 28product ROCH in most major cities and tumers nation wide its mouth-watering Pilipinas. and localsthe herecelebrations in the city. of Kaliguan Festival in Conrado C. Alcantara, onetooftourists Davao’s branches and 8 financial solution centres conform with the requirements standards forbusiness Northern Mindanao. and Its other line of is ths resort. White Beach was then sweet quality roasted-to-perfection The of CBMO specializes on financial mialongCagwait the and one the fastest growing most prominent chicken pioneers. The 3-star hotel situated feed milling, andper poultry. registration of food products existing regulations an ‘Unseen Paradise’ but not anymore. in Lanao loans del Norte, Misamis Occidental, packaged into one, and made affordable for cro-financing as it offers affordable National Highway in Kauswagan in force by the BFAD. Misamis Bukidnon, Zamboanga ABCI is ajust real estate only P150. technical and Oriental, financial services microa few minutes away from the city del Norte, Zamboanga delto Sur, Zamboanga PEEDBROS FRAM & The company name was changed from RCA development comPeter Unabia the owner of the entrepreneurs to help them of expand proper, boasts for its fine amenities Sibugay, and the cities Iligan,their Ozamiz,Herbal Food Products to RCBA Manufacturing TRADINGCorCORP is a tropipany in Northern Pagadian, Oroquieta, Dipolog, Cagayan de entrepreneurial Mindanao. firm, whoItsisfamous now project a andis quality business and increase their income. Xavierservice suited for guests poration on 3, 2005 with theexporting approval ofcompany the calOctober fruits and vegetable based Oro, Unlike Gingoog, Zamboanga. Congressman, said the name Senior Pedro otherand cooperative wherein on vacation and leisure in the city. Estates due to its flood-free location, City, Davao Del Norte. Its primary goals Securities in andPanabo Exchange Commission. excellent infrastructure, came from the famous drama aired over the own water supply, you invest your savings before you can loan N Hotel Cagayan de Oro are to provide high quality produce, responsive Paglaum Multi-Purpose lushwhich greenery, security facilities, Dahilayan radio in the 1990s starred Esteban depending on the amount saved, CBMO, offersand 65 the spacious and comfortableGardens and Resort service, and competitive pricing. best-equipped club in Northern is nestled the base of beautiful Mount Cooperative, Mis.without Occ Escudero entitledlargest, “Ang Manok ni Senior Peallows borrowers to lend money NM Food Products, maker of guest rooms equipped with hotatItand Mindanao. The company has other preKitanglad. is one of Bukidnon’s finest dro. ” He said this is to remember the name any On collateral as long15, as 2007, the borrower is inMPC traditional Bukidnon banana cold shower, cable TV, a mini bar, November Paglaum miere projects: Teakwood Hills, an idyllic resorts which encompasses all that you Virgilio Jose, a former easily. goodstarted standing with no the record fromCoop otherATMNM Food to operate Pinoy chips and taro crackers, was and wired Internet access, as well enclave that has a breathtaking view of the could ask for as a place to play, relax and military officer established in Plaridel. In partnership with MASSmountains Macalajar Valencia Senior Pedro becameand an instant hit Bay, lenders and also has a small-scale business. unwind in area. the middle of some of the most cited by DTI as Outstanding balconies overlooking the pool VjANDEP Bakeshop that SPECC, its program initiator, it is con- Products, Estates in Bukidnon, Coral Pebbles Resort pristine landscape imaginable. It caters produces VjANDEP Pastel-a in Cagayan de Oro. Two years after, Unabia The hotel can also accommodate to Micro-Small and Medium nected with the worldwide Megalink, & Residences in Misamis Oriental and to weddings, romantic getaways, family Spanish word for cake and ainfavorite de his second Expressnet and Bancnet providers. opened branch near the Dynasty Enterprise (MSME) Bukid- Cagayan big groups in one of their three famWest Highlands, a golf and residential vacations and adventure trips. Combine Oro pasalubong item. The bakeshop’s production It has branches all over Misamis OcciCourt Hotel. And the rest is history. ily rooms and suites.the Group travelers estate in Butuan. comforts of home and the luxuries of COOP LIFE MUTUAL dental–and Zamboanga, expanded significantly following technical assis- At present, non. Nestor Manuel, owner of NM Food ProdUnabia owns a vast can book the spacious family rooms, a resort that is Dahilayan Gardens and tance and trainings on GMP, HACCP, CP+EMS, ucts said the trade started with meager resources in BENEFITS SERVICES an ice plant, dressing plant and which could accommodate Resort. 11 to MPEX, ISTIV, and andand labelingpoultry, developThe store only DOST’s sweetpackaging banana chips VCDU18REALTY feeds mill in which 3.75 percent of his earnpersons. The family rooms are mentoffers through flagship Small Enterprise FICCO - First 1988. (CLIMBS) delicacies ideal forUpgrading “pasalubong” and giftsor forSET-UP. Technology Program ings goes directly to the Anak Tering Founwith Community other CORPequipped is a real es- cable TV, fridge, and “balikbayans.” Its customers are always satisfied dation, which was after primarily her motherengaged privateinbathrooms. tatenamed developer rental/ Cooperative with their purchases and accepts ‘returned’ goods CLIMBS Life and General Insurance Coop- (CaTeresa. leasing, housing development in the city gayan Oro City Monastery with no questions asked. NM Food Products are Farms erative based in Cagayan de de Oro City, is a of Butuan. VCDU REALTY CORPORAis the biggest open community cooplocated at the Benedictine available in all “pasalubong” centers in Bukidnon. composite cooperative with owned by TION uses the best building technology erativeinsurance in the Philippines 156,000 Monastery of Transfiguration RR Family Spring Resort and state - of the - art "patented forms sysMaramag and moremembers than 2,000ascooperative primaries and of Its main processing facilities areatinSan of Mar 2012 and assets Jose, Malaybalay City One of the more awe-inspiring beauty tem" creating the real estate development Manolo Fortich. federations all overItsthevision country. 5.6 Billion. and cited as Outstanding MSamong the many resorts in the Province high quality. Standard of excellence are is insurance to uplift the standard of living and of Bukidnon is RR Family Spring ReAs an provider for cooperatives MEs awards recently. Its famous brewed coffee its top priority which gained high acceptquality of life of cooperative members sort or popularly known by locals as RR and its members, we provide a number of packs are the favorites of local tourists. ance from its buyers. and help build the middle classes of Resort. It is found in a relatively secluded is among the food services which include Life Insurance, PropMindanao. area in Dologon, Maramag 32 kilometers manufacturing comBOTOYS Lechon Manok and Liempo Reserty Insurance & Health Care products. south of Malaybalay City and 10 kilompanies specializing Also brought to you by: taurant, tis famous in the Lechon Manok, The ultimate goal of CLIMBS is to eters south of Valencia City. RR Family in meat products in BBQ and Pork Liempo business in CagaySpring is overlooking Pulangi advocate a well integrated financial system Seda Centrioin Cagayan de Resort Oro is an Cagayan de Oro City. an de Oro City. River. RR Family Spring Resort boasts where Cooperative Insurance, Cooperaexcellent location, has outstanding cusIts produces include pork chorizo, beef chorizo, It is now open for dynamic entreof A family-friendly staff, amenities, and tive Banks and Cooperative Primaries and tomer service and superior quality of a chorizo macao, pork tocino, beef tocino, chicken preneurs with a strong desire for success to views. The resort is now getting a lot of memorable hospitality experience. Federations will be united and make the cotocino, longanisa, corned beef, bacon, premium new visitors and patrons because of its invest in a franchise. The name Botoy’s is Seda Centrio wonderful is the only hotel in and theme. It has clean operative serve its members to its potential scenery hotdog regular, darling ham and pear shape ham. synonymous to high quality foods and serthe city that shares a roof with thepools up- which are categorized and be an active participant in nation buildswimming From a very small market segment, the company vices for fastfood counsumers thoughout connected for both adultstoand kids. has now captured the major department stores in ing. the country and is highly regarded by con- scale Centrio Mall. Though

Katipunan Bank

THE YANSON GROUP OF COMPANIES

the city and wholesalers in some parts of Mindanao.

Also brought to you by:

The YANSON GrOup Of COmpANieS

sumers and patrons.

the mall, it ensures security and exclusivity with a private entrance that leads to the Front Desk at the 4th floor where guests are greeted by a contemporary open layout connecting the lobby seamlessly into an e-lounge with its bank of iMacs and Misto restaurant and bar. Further up are the meeting rooms while outdoors, the "al fresco" dining area leads up to the adult and children’s pools. .