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

Volume V, No. 3

Market Indicators

As of 6:12 pm june 10, 2014 (Tuesday)



US$1 = P43.67

6,777.98 points

24.75 points


9 cents


Briefly New investments TAGUM City -- Citing the newly approved Investments and Incentives Code of Tagum City, Mayor Allan L. Rellon Tuesday bared big ticket investments and projects in the city. Guesting at Tagum Biz Talk at Big 8, Rellon said the city government is ready to provide a five-year tax holiday to investors through the incentives code, while also applying the principle of “facilitative governance” in assisting investors push through their business in Tagum. Approved on May 5, 2014, the Investment and Incentives Code of Tagum Citly paves way for the setting up of a One-Stop Shop for interested investors to easily process permits and other requirements needed to start their business in the city, he said. More than a month after the code approval, Rellon talked about upbeat investment climate and fast entry of infrastructure projects.

Halal market DAVAO City -- With ASEAN Integration in the offing, a government agency here based in the province encouraged Muslim businesmen to certify their products to Halal to access its growing export market. Edwin Banquerigo, provincial director of the Department of Trade and Industry (DTI), said in an interview that Halal is a growing market force since the Muslim composed 1/5 of the world population or about 2 billion people. Banquerigo added that the market for Halal in the Philippines will increase in 2015 as the ASEAN Integration will start to implement.


Friday | June 13, 2014

Stabilize power supply to lure investors: Solon T

By SAMMY F. MARTIN Philippine News Agency

O fast track the entry of new investments in the country, the Department of Energy (DOE) needs to improve and increase the power supply, House Deputy Minority Leader and LPG-MA party list Rep. Arnel Ty said Thursday.

FREEDOM RIDERS. Horse riders carry the different flags of the Philippine Revolution during the Philippine Independence Day parade in Cagayan de Oro City yesterday, June 12. mindanews photo by froilan gallardo

Alsons sets Mindanao power expansion to 573MW by 2019

A L S ON S C ons ol i d at e d Resources Inc., the oldest electricity generator on the Philippine island of Mindanao, will more than double capacity within five years as the region suffers from blackouts of as long as eight hours a day. The company is building t hre e co a l-f ire d plants to boost capacity to 573 megawatts (MW) by 2019 from 258 megawatts this year, Chief Financial Officer Luis Ymson said in an interview on June 10. Investment for the plants, which will be built with a partner, is expected to reach $886 million. Alsons

plans to raise $140 million from debt and equity to help fund the venture, Ymson said. T he a d d e d c ap a c it y would boost Alsons’ role as an electricity supplier, eventually resulting in the company accounting for about a fourth of Mindanao’s supply from 10 percent now, Ymson said. Electricity demand on Mindanao, the Philippines’ second-largest island and home to untapped mineral resources exceeding $300 billion, is projected to rise by about 5 percent annually. The island, which supplies

40 percent of the nation’s food requirements, has suffered rotational power outages for years because its power plants are old and are mostly hydro facilities, which can’t operate during droughts. “The power shortage in Mindanao provides room for further expansion,” George Ching, an analyst at Manilabased COL Financial Group Inc., said. “A challenge for alsons/PAGE 11

Ty said the precarious reser ve was describe “critically low” and the lack of “energy security” could discourage new investors and dampen jobs’ creation in the months ahead. “Our flimsy power reserve margins suggest that all three grids in Luzon, Visayas and Mindanao are easily vulnerable to increasing outages during extreme high demand,” Ty said in a statement.

He claims that the menace of potentially escalating out ages has als o made residential, commercial and industrial consumers highly susceptible to electricity price hikes, as supply becomes severely short of demand. LPG-MA party list has been batting for stronger government super vision of all energy markets, so as to reinforce consumer protection against potentially stabilize/PAGE 11

WAITING IN LINE. A woman sleeps while others fill up their passport application forms outside the Department of Foreign Affairs office in Cagayan de Oro City. Many of them have waited since midnight just to be in line and make it before the cut off time for submission of applications. mindanews photo by erwin mascarinas

power outlook

Weaning time: Philippines must stop depending on fossils to sustain dev’t By BONG D. FABE, Correspondent

(Second of a Series) A 1999 US-NREL (National Renewable Energy Laboratory) study said that the Philippines’ total wind capacity was conservatively

estimated to produce a potential installed capacity of 70,000 MW. But in its Philippine Energy Plan (PEP) 2009-

2030, the DoE gives priority to fossil fuels such as oil, gas and coal. It said in the PEP 2009-2030 that its number one policy thrust of energy security is to “accelerate the exploration and development of oil, gas and outlook/PAGE 11

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Major players in wholesale, retail supply chain open branches in Oroquieta OROQUIETA City -- At least two major players in the wholesale and retail s upp l y c h a i n i n du s t r y recently opened branches

in Oroquieta City thereby boosting the city’s economic conditions. These are the Cebu-based open/PAGE 10


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CDO marks Independence Day with coastal clean-up, mangrove planting REPLAYING history and environmental awareness would highlight the Cagayan de Oro City government’s commemoration of the 116th anniversary of the Philippine Independence Day on Thursday. City Administrator Roy Raagas said on Wednesday that the city government has started coastal clean ups in the city’s coastlines apart from planting mangroves since Tuesday as prelude to the Independence Day Celebration on Thursday. He said that a Flag Caravan highlighting the evolution of the Philippines Flag since the birth of the revolutionary movement against the Spanish colonial government in the 16th Century would signal the start of the celebration on Thursday morning. R aagas, head of the organizing committee, said

that 11 horsemen from various district in the city in ‘revolutionary regalia’ would carry the Philippine Flag, including today’s flag, as the horses amble toward the historic Divisoria Plaza here for the flag raising ceremony. Raagas said that a wreath laying at the national heroes memorial statues would be held along with a full military ceremony to be witness top

local and national officials, invited guests, and civil society groups. He said that a history film showing freedom and cultural show would be also be held Thursday evening at the Divisoria Plaza. According to Raagas, this year’s theme: Pagsunod sa Yapak ng mga Dakilang Pilipino Tungo sa Malawakan at Permamenteng Pagbabago”

is timely as the country tries to overcome various predicaments such as the “pork barrel scam” and the territorial dispute in the country’s west Philippine seas. Raagas said that the Philippine Independence Day celebration here also coincides with the commemoration of the city’s 64th Charter Day anniversary. (PNA)

ARMM settles P1B unpaid GSIS remittances of teachers M A R AW I C it y - - T h e Department of Education in the Autonomous Region in Muslim Mindanao (DepEdARMM) signed today a supplement memorandum of agreement (MOA) with the Department of Budget and Management (DBM) and the Government Service Insurance System (GSIS) to finally settle the P1 billion

u np ai d re m itt an c e s of teachers in the region. The DBM will pay state pension fund GSIS almost P1 billion in unpaid premiums, effectively adjusting the GSIS benefits of almost 26,000 teaching and non-teaching workers in ARMM. DBM will pay GSIS about P900 million in cash, 30 days after the signing of the

supplemental MOA, with the remaining P100 million to be paid over a period of one year. ARMM Education Secretary Jamar Kulayan said the MoA supplements an earlier agreement signed in March 2004 to settle the unpaid premiums of 15,715 DepEd-ARMM employees. armm/PAGE 10

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

Algen’s Dive Resort (088) 3872015

Philtown Hotel 726295 / 8564402 Fax: 723104

Apple Tree Resort & Hotel 735411 / 754525 Fax: 754497

Pryce Plaza Hotel 8583131 Fax: 726687

Bahay Bakasyunan sa Camiguin (088) 3871057 / 3870131 Fax: 3870278

Prawn House (088) 3095992 Fax: 8519219

Basamanggas Resort 08822-760564 Fax: 760565 Cagayan Riverview Inn 8584245 / 729039 Fax: 8584245 Casa Crystalla 8561704 / 722465 Fax: 722480

Ridge View Chalet 8588946 / 8587946 Fax: 8588946 Seda Centrio Hotel 32288888 Southwinds Hotel 724803 / 8562036 Fax: 8562036 Stargate Dream Vacation Resort 8515003 / 8509999

Casa Isabella (088) 8564065 Casa Azucena 8563402 / 09236593973 Chali Beach Resort 732840 / 8552108 Fax: 8555941

The VIP Hotel 726080 / 8562505 Fax: 726441

Chananthon Bed & Breakfast 8568189 / 3093095

Uptown Condotel 8511800

Country Village Hotel 8583004-06 Fax: 8583006 D’Budgetel 8564200/726643 Fax: 8564300 Dahilayan Forest Park 8568562 to 63 De Luxe Hotel 8572144 / 724548 Fax: 724563 Discovery Hotel 727814 / 8563896 Fax: 8563897 Duka Bay Resort (088) 3312290 Fax: 725265 Dynasty Court Hotel 8574802 Fax: 857900 Grand City Hotel 8571900 / 728469 Fax: 723718 Hotel Conchita 8563856 / 727355 Fax: 8563857 Hotel Koresco 8589749-50 Fax: 8589748 Hotel Sogo 8520383 Kingston Lodge 8585696 Fax: 8585696 Mapawa Natures Park 8584402 Fax: 725265 Mallberry Suites 8541999 / 7249999 Fax: 8544999 Maxandrea Hotel 8572244/729943 Fax: 724090 Miami Inn 8581901 to 02 Fax: 725279/728486 N Hotel (088) 8801924 Paras Beach Resort 8568563 Fax: 8568563

Tune Hotel 8800888/8801306 Travelers Pod 8518988

Villa Paraiso Apartelle 3870419 Fax: 3870429 HONORARY MEMBERS: Dept. of Tourism 723696/726394 / 8564048 Fax: 723696 RESTAURANTS: Bigby’s Café 72-1071/857-5511/8575836 Fax: 711843 Café Laguna 8582999 Fax: 8567001 DM Villaruy Restaurant 733790 Golden Ajirang I 856-5271 Fax: 727876

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Select Globe Telecom preparing Alliance set to charge Singaporean to issue preferred shares shareholders GLOBE TELECOM, Inc. said it took preliminary steps that will allow it to later offer as many as 20 million preferred shares, the proceeds of which will help fund this year’s capital expenditures (capex). Globe Chief Financial Officer and Treasurer Alberto M. de Larrazabal said that “the intention is to issue up to 20 million preferred shares that Globe will be offering shortly.” The Ayala-controlled telecommunications company has capex requirements of $650 million this year. In a disclosure to the Philippine Stock Exchange on June 10, Globe reported the reclassification of 31 million unissued common stock at P50 per share, as well as 90 million unissued voting preferred stock at P5 per share, into a new class of 40 million non-voting preferred shares with par value of P50 per share. Mr. Larrazabal did not give a timetable for the preferred-share issue, but said it will “widen the company’s investor base,” apart from helping the company meet

its capit a l exp enditure requirements. In Fe b r u a r y, G l o b e announced at its annual shareholders’ meeting that network transformation initiatives would be the focus of capital investment this year. In December, Globe reported in a disclosure that

it borrowed P7 billion from state-owned Land Bank of the Philippines under a sevenyear term loan agreement, also to help fund capex for 2014. Globe reported net income of P2.95 billion in the first quarter, on operating revenue of P23.23 billion.

DoubleDragon to build second Cebu mall

A SUBSIDIARY of property developer DoubleDragon, Inc. is widening its footprint in Metro Cebu by acquiring land for another mall there, the listed parent said in a statement attached to its disclosure yesterday. DoubleDragon said its subsidiar y, CityMall Commercial Centers, Inc. (CMCCI), has signed a 30year lease agreement with Dunes and E agle L and Development Corp. for a 1.1-hectare (ha) prime commercial lot along N.

Bacalso Avenue in downtown Cebu City. Bacalso Avenue, the statement read, is a national road that connects the northern and southern parts of Cebu. The property lies between an existing mall and Cebu South Bus Terminal, and a few meters from the planned Cebu City Medical Center Hospital. “The site… is also right across Librando Transit Terminal and is surrounded by several transport terminals, schools, residential

communities and government offices,” the statement added. The project that will rise on the property “will be the second CityMall to be built in Cebu,” DoubleDragon said. Project cost was not immediately available. L ast mont h , DoubleDragon disclosed that it acquired from Sta. Lucia Realty & Development, Inc. a 1.02-ha prime commercial lot in Cansaga, Consolacion, a first-class municipality that forms part of Cebu doubledragon/PAGE 10

ALLIANCE Select Foods International Inc is su i ng t wo Si ng ap ore an shareholders for allegedly “re ve a l i ng s e c re t s w it h abuse of office.” In a disclosure to the Philippine Stock Exchange, the salmon and tuna processor said it filed a criminal complaint today against Hedy Yap Chua and Albert Hong Hin Kay with the Pasig City prosecutor. “ The company has reasonable cause to believe that Yap-Chua and Hong, in breach of their fiduciary d u t y t o t h e c o m p a n y, revealed information relating to the company’s financials given to them in confidence,” the listed firm said. The Filipino shareholders of Alliance Select are locked in a boardroom squabble with their Singaporean partners, w h o h av e a c c u s e d t h e controlling lo cal group of mismanagement and siphoning of f comp any funds. Last month, the Pasig R e g i o n a l Tr i a l C o u r t junked the petition of the Singaporean stockholders for a temporary restraining order (TRO) blocking the entry of a new investor in Strong Oak Inc. Strongoak, which acquired 28.7 percent of Alliance Select last month, is the investment vehicle o f S e aw o o d R e s o u r c e s Inc, a multi-billion peso investment company headed by Grace Vera Cruz. Alliance Select posted a net income of $646,252 in the first three months of the year, a turnaround from the net loss of $586,444 in the same period a year ago, on higher revenues.

Grand Caprice Restaurant 72-6955/856-2302 Fax: 72-4986 Kagay-anon Restaurant 728958 / 8563688 Fax: 8563843 / 729003 La Ilongga Restaurant 72-6183 / 857-3652 Fax: 72-4605 Max’s Restaurant 8586297 Fax: 8568264 Missy Bon Bon 8566852 / 09228606442 Fax: 8566852 SLERS Ham & Café 8551438 Thai Me Up 738424/3108424 Fax: 738424 Barkadahan Grill 8551234 La Tegola Cucina Italiana 8585959

USAID visits Primavera Residences. Italpinas Euroasian Design and Eco-Development Corp. (ITPI) welcomes the arrival of USAID officials at Primavera Residences, Cagayan de Oro’s first eco-friendly mixed-use development. ITPI is the developer of Primavera Residences. USAID visited the green property last June 7 as part of its Investment Enabling Environment (INVEST) Project, which seeks to promote economic growth in Cagayan de Oro through investment opportunities. In the photo are USAID mission director Gloria Steele (fourth from left), ITPI chairman and CEO Arch. Romolo V. Nati (center), USAID acting assistant administrator for Asia Denise Rollins (sixth from left), ITPI executive chairman Jose P. Leviste, Jr. (right), and company.

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Auto sales hit fresh monthly record in May


OTOR vehicle sales of the country’s largest group of assemblers and importers hit a fresh record in May, accelerating from the double-digit growth at the start of the second quarter.

In a statement, the Chamber of Automotive Manufacturers of the Philippines Inc (Campi) said member-firms sold 19,598 units last month, a fourth higher than the 15,860 sold a year ago. They sold 20 percent more in April. This brought the group’s

five-month sales to 89,335 units, a 22 percent increase from the 72,988 in the same period of last year. The group attributed the May record to the 44 percent surge in passenger car sales to 7,507 units this year from 5,201 last year. The commercial

vehicle segment also continued to grow by double digits, with sales of 12,091 units this year up 13 percent from 10,659 in 2013. Toyota Motor Philippines Corp remained the best seller in May with a 45 percent share of the market, followed by Mitsubishi Motors Philippines Corp with 23 percent, and Ford Motor Co Philippines with 8 percent. Campi earlier said it is likely to revise upwards its

full-year sales target of 230,000 units in light of the strong showing in the first quarter, historically a ghost period for sales. “For the month of June, we are expecting to have stable to higher sales as the automotive industry continues to get stronger due to extension of promo support and possibly additional marketing activities from the different brands,” said Campi president Rommel Gutierrez.

Isuzu sets sights on infra build-up, plans launch of 2 new truck models

Hyundai PH sales bounce back HYUNDAI sales bounced back in May, increasing by more than a fifth from a year ago. In a statement, Hyundai Asia Resources Inc (HARI) said it sold 2,094 units last month, up 23 percent from the 1,708 in May of last year. This represented a strong rebound from the company’s weak performance in the first 4 months of the year. Fueling the growth was its passenger car lineup, which accounted for more than

three-fourths of total sales. HARI sold 1,497 units this year, a third more than the 1,129 last year. Among its best sellers were the Eon and Accent models. The commercial vehicle segment turned in modest growth of 3 percent, with sales reaching 597 units from last year’s 579. Despite the rebound in May, Hyundai’s 5-month tally of 9,723 units was just 5 percent more than hyundai/PAGE 10

ISUZU Philippines Corp (IPC) is bringing to market 2 new models in its bid to grow sales by double digits this year. “We are targeting 3,000 units of trucks this year,” IPC president Nobuo Izumina told reporters during the Isuzu Truck Fest yesterday. The Japanese vehicle maker is eyeing a 15 percent increase in sales after selling 2,600 units in 2013. IPC sales division

head Joseph Bautista said the company’s forecast is premised on the pickup in infrastructure projects this year. The government plans to ramp up infrastructure spending, especially in areas devastated by Typhoon Yolanda. In line with the acceleration in infrastructure spending, IPC is introducing 2 new truck models assembled in Japan to firm up its 20 isuzu/PAGE 10

of Ya ma ha Motorc ycles with 1,208 Yamaha Club participants to its list of Guinness World Records. Ya m a h a M o t o r Philippines Inc, with the launch of its new slogan “Revs Your Heart,” celebrated its annual Yamaha Club Day making history, by attaining all three world records. Hundreds of thousands of Yamaha Club Riders banded together at the SM Mall of Asia Concert Grounds, re v v i ng t hei r eng i ne s , beeping their horns, and parading their bikes, all in support of the group’s bid for the three records. While two of the records were easily created by the

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AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274

METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057

ASIA UNITED BANK Cor.Camp Alagar Road Lapasan, Cdoc 729678 / 8568893

METRO BANK- CARMEN Max Suniel St. Carmen, Cdoc 8581722/ 8585162

BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075

METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721

BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637

METRO BANK- OSMEÑA Brgy Osmeña St. Cdoc | 722014 /8800924

BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796

METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731

BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405


BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519

BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602


Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723


LKK Mall N.Concourse Cdoc 8574149/8575682

PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992

BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263

PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184

BPI- COGON Osmeña St. Cdoc 8571297/8571298

PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386

CHINA BANK –GAISANO 745887/745880

QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390

CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641

CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366

was established with the premise of having direct commu nicat ion w it h t he compa ny’s va luable customers. The club gives their customers a heads up on new products and events, as well as freebies and discounts so that their customers can enjoy the “two-wheeled lifestyle.” It is now the largest motorcycle club in the country, boasting an estimate of more than 85,000 members nationwide. T h i s ye a r’s Ya m a h a Club Day was sponsored by Dickies, Monster, BH&R the Bellevue, American Home Appliances, Philstar Ngayon, Sprinto, MotoActive and Shell.

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558

PHILIPPINE POSTAL SAVINGS BANK, INC. Rizal Chavez Cdoc 8572194/725438

CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059

club, the world record for Largest Parade of Yamaha Motorc ycles, had to be earned. The titlist holder t hen wa s T DM it a l ia , a motorc ycle g roup f rom Italy that had 206 Yamaha motorcycles, parade at the Santamonica International Racetrack in 2003. However, breaking that record was an easy feat for the large number of Yamaha Club’s loyal members present in the event. After the club’s display of solidarity, and the awarding of t he Gu i nness World Records, the members were treated to a concert and were given prizes and freebies. T h e Ya m a h a C l u b



BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518

Yamaha Motorcycle fans unite to break three Guinness World Records Pasay City – It is a guarantee that one can find droves of motorcycles in every road in the Philippines. With motorcycles lording over our major roads, it is just timely for the country to break records with these vehicles. Y a m a h a Motor Phi lippines Inc. a nd the whole nation of the Philippines can now proudly add, The Most Number of Motorcycle Engines Started Simultaneously with 1,446 Yamaha Club participants, T h e M o s t Nu m b e r o f Motorcycle Horns Sounded Simultaneously with 1,425 Yamaha Club participants, and The Largest Parade

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RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649

SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774

DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819

SECURITY BANK- LKK Limketkai | 8801258/8801625

EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081 EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331 ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632 STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168 UCPB BANK- LAPASAN Osmeña Corner Lkk Drive, Cdoc 85771842/ 725135 UCPB BANK- VELEZ Velez Corner C. Pacana St. CDO 8564474/8564527 UCPB BANK SAVINGS-CAPISTRANO

Capistrano Corner CruzTaal St. CDO 8524099/722695

UCPB BANK SAVINGS- OPOL Gf forever Books Bldg.Bulua National CDO 754519/8588063 UNION BANK Lapasan Cm.Recto Cdoc | 8566847/8563805 WEALTHBANK Velez Gomez St. Cdoc | 8568942/722174 1ST VALLEY BANK Vamenta Blvd. CornerLirio St. Carmen, Cdoc 8501871/ 8584146 OROBANKERS CLUB Inc. Pnb Carmen | 09151850242

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friday|June 13, 2014

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


ALLAN mario MEDIANTE Executive Editor

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A Great Woman


hink a minute…There was a young married couple who really struggled to make enough money just to live on. One day the husband took all their money and bought a small service station. His wife Jane did not think this was a smart, good investment. She knew her husband did not have the experience, knowledge or time to manage the service station. Well, she was right. Their station soon went out of business and she and her husband lost everything they owned! The husband came home that evening very discouraged, expecting his wife to be angry and remind him that she had told him not to do it. But he was so surprised when she sat down with him and said, “I’ve been doing some figuring. You don’t smoke or drink alcohol, but if you had, we would have lost just as much money as we did with the service station. Don’t worry, let’s just forget it.” This is a true story. That wife could easily have hurt, even destroyed, her husband’s self-confidence that evening. He was already feeling like a failure. But instead she let him know she still believed in him. Friend, our husband needs to know that we respect and support him, especially when he fails or faces opposition. He needs to know that we’re on his side no matter what

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A Minute

By Jhan Tiafau Hurst


The Harmful Chemicals in the Food We Eat

veryday we chow down on chemically produced foods that carr y deadly poisons. Today when we eat meat, poultry and dairy, we eat the residue of everything the animal ate, including growth hormones, pesticides and contaminants. Some of the harmful chemicals commonly found in our food and personal products, along with descriptions of what they are, where they’re found and why they’re bad, are: GMO Foods - Monsanto is an American multinational agricultural biotechnology corporation responsible for hazards such as Agent Orange. They are currently well known for Genetically Modified agriculture, owning nearly 90% of staple GMO

editorial crops such as corn, soy, and cotton. In independent studies GMO food has been linked to organ failure, and a recent Russian study has concluded near-total sterility in GMO-soy-fed hamsters by the third generation. The question of whether or not genetically modified foods (GMO’s) are safe for human consumption is an ongoing debate that does not seem to see any resolution except in the arena of public opinion. Due to lack of labeling, Americans are still left at a loss as to whether or not what is on the table is genetically modified. This

lack of information makes the avoiding and tracking of GM foods, very difficult. The top 10 worst GMO foods for your “do not eat” GMO foods list include corn, sugar, aspartame, papayas, canola oil, cotton oil, dairy, zucchini, and yellow squash. The best advice: steer clear of them altogether. Food Additives - When most of us think of harmful food additives we think of Monosodium Glutamate (MSG) which is still in many processed foods, but unfortunately MSG appears to be the least of the poisons now found in our food.

In 2008 Melamine was found in infant formula and some food products from China; the FDA went on record to say it was OK, despite sickening tens of thousands. Dangerous food additives appear in nearly all processed foods with even the most common food dyes Red 40, Yellow 5 and Yellow 6 being linked to cancer. Most recently 92,000 pounds of frozen chicken was recalled because it contained “blue plastic pieces,” while McDonald’s Chicken McNuggets have been found to have “silly putty” chemicals in them. In fact, some researchers estimate that today’s chicken is so full of chemicals that it only contains 51% actual meat.

116 Years After, RP Still Not Independent


IFE’S INSPIRATIONS: “…I will walk about in freedom, for I have sought out your precepts…” (Psalm 119:45, the Holy Bible). -ooo 116 YEARS AFTER, RP STILL NOT INDEPENDENT: As the nation celebrated its 116th year of independence on June 12, 2014, many p ercept ive cit izens are questioning whether there is real independence in the Philippines today. The general consensus is that there is nothing to celebrate really, simply because the Filipino people, more than ever, never became independent, even as they remain in bondage to slavery in its many forms. First, we are definitely still slaves and therefore are not free from foreign domination on economic matters---it is the foreigners among us that continue to control big businesses not only in Metro

Manila, but in every part of the archipelago. Filipinos do not have any businesses at all, and if they happen to be in business in any way, they deal only with small bucks. Second, foreigners or Filipinos with clear and strong foreign lineage or descent are the ones in control of government---from national to local governments. In fact, there is an admission that even the president of this country, President Aquino, and much of his Cabinet secretaries, are either Chinese or Spanish or American. Local officials have family names that contain only two or three letters, or four, at most. -ooo RP STILL UNDER FOREIGN CONTROL: Third, Filipinos still have no freedom to work gainfully in this country, as they are still compelled to go and find

employment abroad---where they are usually subjected to physical or emotional abuse by their employers or by the foreign community where they live in---because there is no real opportunity for them to decently earn in the country. Fourth, the nation as a whole is not really free because it is still taken advantage of, pushed around, and bullied relentlessly, by stronger and mightier countries, just like what the United States of America and China are doing. Indeed, because of our weakness, the US can easily get concessions like defense agreements that clearly contravene our Constitution, and China can just go in and out of our territorial waters. Fifth, many Filipinos remain at the mercy of greedy and corrupt political leaders whose only concern

K ak ampi

Mo A ng Batas

By Atty. Batas Mauricio

in getting themselves elected or appointed in government is to amass great, even if illegal, wealth to lay the foundation for their political dynasties, so they could continue raping the coffers of this country for their, and their families’, benefit. -ooo THE ROAD TO REAL INDEPENDENCE: What has caused this continuing slavery batas/PAGE 10

Lord And Master of the Internet happens or the mistakes he makes. We need to make our home a safe place so that our husband always knows he won’t be criticized and put down when he comes home. If we could guard and control our words and attitudes, just think how peaceful and happy our home and marriage would be. But it’s not easy to learn self-control and always accept and respect your husband, even though he has faults and weaknesses. That’s why it’s only with Jesus Christ’s kind of love that we can do it. If you’ll ask Jesus to forgive you for not being the wife you should, He will help you to start changing and learning to love the way He does. Only Jesus can help you always give your husband the respect and confidence he needs from you to become the real man you need and want him to be. Just Think a Minute…


his is what we ought to be. As much as possible we should avoid becoming sl aves of t he Inter net, helplessly dependent on it, totally at its mercy, already losing effective dominion over our instincts, passions and our other weaknesses that this new technology can mindlessly if sweetly stimulate all the way to our destruction. This is now a major c on c e r n , s i n c e e ve n a cursory look around can yield abundant pieces of evidence of men and women, boys and girls, young and old, healthy and sick, completely blown away by the dizzying freefall of its deceptive beauty and usefulness. One can see a sharp rise of couch potatoes, tied to laziness, idleness and complacency, swallowed up in a sinkhole of inanities and trivialities, willing victims of the urges of pride and

vanity, self-seeking and selfassertion, lust and greed. There is some kind of addiction afflicting many of the people. Many are practically defenseless and clueless to the tricks and traps of the Internet. In its wake are left the debris of disorder, anguish, frustrations, conflicts, etc. To be sure, this new technology gives us a lot of advantages. For these, we have to be very thankful. But we should not forget that these good things always come with a price, and in fact, a high price, because if misused and abused, they can spoil us into a rotten pulp much more than what illicit drugs can cause. It can be a Trojan horse. The harm inflicted by its misuse is of the spiritual type, not just of the body. And if we believe that the spirit is the one that in the end gives life to the body,

so once it is impaired if not rendered practically dead, then the body actually suffers tremendously, irrespective of how good and healthy it may look based on the appearance alone. We have to ring the alarm and warn everyone of this present and clear danger. More than this, we have to set about teaching and helping everyone on how to use the Internet properly. I believe this is an issue that cannot be handled by giving out platitudes alone or occasional reminders, etc. It has to be taken like the bull by the horns. We should not take it for granted, or lightly. This is a very serious issue that affects all of us irrespective of our political colors or socio-cultural conditions. The aim is to equip ever yone adequately by clarifying the true nature of freedom and how it can be lived properly with respect to




By Fr. Roy Cimagala

the use of the Internet. “All things are lawful for me, but not all things are helpful,” St. Paul warns. (1 Cor 6,12) “All things are lawful for me, but I will not be enslaved by anything.” Alas, not many realize the wisdom of this truth of faith. For many, freedom is, as they say, what comes naturally, that is, what their passions, feelings, curiosities, etc., urge them. cimagala/PAGE 11

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DepEd Rationalization Plan: The Upshot of Republic Act 9155 by Allan B. Roxas Head Teacher-I Oguis Elementary School

Change is inevitable thus DepEd has shifted its system of governance from centralization to decentralization. As the department changes its curriculum it is also needed to improve the system in order to reach the millennium goals of the government that Philippine Education conforms internationally and produce quality graduates who are comparable and acceptable in the global market. Rationalization of the department is the positive outcome of Republic Act 9155 known as “Principal Empowerment”. DepEd believes that the school is more successful in its implementation if given the opportunity to lead, plan-out different programs suited to its needs together with the stakeholders. Moreover,

the principle of collaborativism is a good chemistry as the institution soars in reaching its dream towards realization of the school’s vision and mission. Nevertheless, influence greatly in making the school successful in quest for quality basic education. Decentralizing the school governance offers greater opportunities to the community in taking part of school development in effect it contributes optimistically to surmount pupil’s learning outcomes. On the other hand, the school shall work together with its community to re-engineer the institution in addressing its needs towards the attainment of school goals. DepEd rely on and confident enough that the community itself knows better than them. Through empowerment

the school has the control and capability to plan-out for developments, look for alternatives and strategies in the delivery of DepEd Thrusts and Programs to attain quality basic education. Nonetheless, DepEd officials and school leaders are there to supervise and monitor closely thus to ensure that proper programs have properly and fully implemented in order to achieve maximum learning outcomes yet to prevent wastage of government funds. At long last, the school leaders felt the real essence of empowerment that they long for. Indeed, it is in this journey that their innate potentials are useful in orchestrating the institution. Furthermore, utilizes its full capacity and talents in leading the school in the direction of developing its own culture and individual identity reflecting the culture of the community, the essence of ownership and self-governance.

The Provincial Government of Misamis Oriental through the able leadership of Honorable Governor Yevgeny Vincente B. Emano commemorates 116th Independence Day at the Provincial Capitol Grounds earlier today. The Honorable Governor sets forth in encouraging people to ponder if we are truly “free”, only “free” if we could create changes in our community; changes that would not only benefit the few, but all, most especially the poor. This marks another history also as the Capitol employees wear Filipinianas and ethnic-inspired ensembles as a tribute to our greatness as Filipinos. #LAMBOMISAMISORIENTAL #To view more photos, please visit our page MISAMIS ORIENTAL PROVINCIAL INFORMATION OFFICE #ExploreTheAmazingSecretsofMisamisOriental #ExploreMisOr

MORESCO I AGMA – VICE GOVERNOR JOEY G. PELAEZ attended the 2014 Annual General Membership Assembly (AGMA) of Misamis Oriental I Rural Electric Service Cooperative, Inc. (MORESCO I) in Laguindingan, Misamis Oriental. In his message, Vice Governor Pelaez emphasized that the Members of the Board should carefully study the Capital Expenditures (CAPEX) of the electric cooperative since this will be passed on to the bill of each member-consumer. He also told the assembly that the Sangguniang Panlalawigan is now closely monitoring the petitions for price adjustments and resets of the electric power distributors of MisOr.


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B illboard 8 10 tech startups win IdeaSpace 2014 competition Best in Business and Economic Reporting Philippine Press Institute Civic Journalism Community Press Awards 2013

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MANILA – Philippine-based incubator and accelerator IdeaSpace Foundation, Inc. (IdeaSpace) has selected ten tech startups in its yearly competition for early-stage funding worth at least PhP1 million each consisting of seed investment, training and services. The ten winners of the Ideaspace 2014 tech startup contest are: • BluLemons (Dasmarinas, Cavite) - A Filipinothemed mobile gaming studio • (Taguig) Online Philippine travel platform for itinerary customization and booking • MyChild (Quezon City) - An online and mobile platform for parents and schools to work together to make a child succeed • Nyfti (Manila) - A 3-fold bicycle that you can take anywhere • R-TAP (Quezon City) - Real-time pump controller for efficient water distribution • SALt (Lipa City) - Sustainable alternative lighting solutions powered by water and table-salt • Tactiles (Laguna) -

IdeaSpace and PLDT group chairman Manuel V. Pangilinan during the an- Winners of the IdeaSpace startup competition for 2014 are joined by judges led by IdeaSpace and nouncement of winners of the IdeaSpace startup competition. Ten teams PLDT group chairman Manuel V. Pangilinan. Ten teams will be receiving at least PhP1-million each will be receiving at least PhP1-million each worth of seed funding and sup- worth ofseed funding and support under its acceleration program for technology entrepreneurs. port under its acceleration program for technology entrepreneurs.

Hardware kit for basic electronics education • Tambio (Manila/ Quezon City) - All raffles in one app • SmartFleet (Makati/ Caloocan/ Paranaque) - Tech-

OTOP Store in SM Cagayan de Oro opens oppurtunity for local products Cagayan de Oro City - The Department of Trade and Industry Misamis Oriental Provincial Office announces the opening of OTOP Store in SM Cagayan de Oro on June 15, 2014, in time for the celebration of the City Charter day. Conveniently located between Penshoppe and SM Supermarket, the OTOP Store will feature more than 50 local products from all over Misamis Oriental including meat products, pastries, native sweets, concoctions, beverages, bags and other creations. The outlet was conceived to help promote local produce and to provide venue for MSMEs to sell their products. “Our local products are excellent but most of them are not accessible in the groceries. We are proud to bring them to SM Cagayan de Oro. It is time for us to experience and patronize out very own,”DTI Misamis Oriental provincial director Ma. Eliza A. Pabillore quoted saying. No less than the city mayor Hon. Oscar S. Moreno is expected to lead in the opening and ribbon cutting ceremonies together with DTI-10 assistant regional director Linda O. Boniao, SM mall manager Clara G. Elizaga and Vjandep owner Ms. Eleanor P. Jose. The store is still open to accept locally made products for display and selling. In fact it will also open its doors for products from other provinces like Bukidnon, Camiguin, Lanao del Norte and Misamis Occidental. For inquiries contact DTI-Misamis Oriental thru these numbers: +63 8822 722291 or +63 8822 712473 or +63 88 8574034.

nology platform enabling transport fleets with operations automation, booking, and analytics solutions • WattSmart (Pasig/ Quezon City) - Online energy audit solution to help monitor electricity use in real time “This year’s winners represent a wide variety of tech solutions for emerging markets. The potential is not just local but global and IdeaSpace is here to support these young innovators who took the risk and accepted the challenge,” said Manuel V. Pangilinan, IdeaSpace Chairman. Aside from the funding and business support, the winners will also be provided with office space in Makati City as well as housing for non-Manila residents. IdeaSpace will also link these startups to companies supporting the foundation for market runway. Startups which successfully complete the acceleration program based on business metrics will be further eligible to avail of additional follow through funding worth up to PhP5 million. Judges for the final round include First Pacific group Chairman Manuel V. Pangilinan, Digitel Mobile Philippines, Inc. (DMPI) president and Smart Communications, Inc. (Smart) chief wireless

advisor Orlando B. Vea, First Pacific Company executive director Edward Tortorici, Maynilad Water Services Inc. (Maynilad) president Ricky P. Vargas, Director-General of the Intellectual Property Office of the Philippines, Atty. Ricardo Blancaflor, and Managing Director of Silicon Valley-based ICCP Venture Partners, Dr. Edwin Lau. This is the second year that IdeaSpace is awarding innovative tech startups under its incubation and accelerator program. Last year’s batch of ten included up-andcoming startups such as bus reservation app Pinoy Travel, enterprise queuing solution Time Free, knee implants for Asian market company Arthrologic, job site for creatives PortfolioMNL and consumer rewards platform MobKard. A total of 24 startups are now currently being supported by IdeaSpace, including winners from last year and this year and those who received support outside the yearly startup competition. The winners are from the seventeen finalists that bested more than 600 entries, three rounds of rigorous judging and a two-month intensive incubation program where they received aninitial grant worth P100,000 including PhP50,000 outright cash grant to work on their mini-

mum viable product. During this period, they were also mentored and trained to hone their entrepreneurial skills on top of getting assistance for business incorporation and intellectual property filing support. During the announcement, Pangilinan also commended the rest of the finalists and cited the market need for the innovations. He announced that IdeaSpace is committing to provide variable support to the seven teams based on further evaluation. “We congratulate the Top 10 IdeaSpace startups that made the cut for 2014. But we will continue to support those that were not able to make it, because it’s important that we continue helping these startups providing critical innovation that our country needs,” Pangilinan added. The rest of the finalists were: • CholesteLOW (Davao) - natural anti-cholesterol Rice that lowers blood cholesterol to keep the heart healthy • iHarvest (Las Pinas) the next generation paddy grain dryer powered by solar energy • iTravelPH (Batangas) - A GPS-based mobile solution that provides transit

routes for smart traveling and commuting • SupplyHub (Makati/ Muntinlupa/ Quezon City) - online business-to-business platform that connects buyers with suppliers nationwide • Taxinoy (Makati) - Taxi Booking App with Zero Data Charges • ToGocery (Muntinlupa/ Quezon City) – an intuitive mobile solution for a quicker and simpler grocery shopping • Unlock & Load (Makati) - mobile advertising platform With half a billion pesos in funding over 5 years and support from industry leaders, IdeaSpace is the largest private-sector commitment for technology entrepreneurship based in the Philippines. IdeaSpace is supported by the following companies: First Pacific, First Pacific Leadership Academy, Metro Pacific Investments Corporation (MPIC), Metro Pacific Tollways Corporation, MPIC hospital group, PLDT, Meralco, Smart Communications, Inc., Digitel Mobile Philippines and its mobile brand Sun Cellular, SPI Global, ePLDT, Indofood, Philex Mining, Maynilad, MediaQuest, and TV5. To know more about IdeaSpace, visit .

DSWD Northern Mindanao field workers under Pantawid Pamilyang Pilipino Program try to tame the perilous trail in reaching the Higaonon Tribe community in Minalwang, Claveria, Misamis Oriental. The field workers, who walk for seven hours, prepare the community for the implementation of Modified Conditional Cash Transfer for Indigenous Peoples who are living in 'geographically isolated disadvantage areas.' The IPs of Claveria and San Fernando, Bukidnon are the recipients of the pilot implementation of Modified Conditional Cash Transfer for IPs. (Photos by NORVEN ESPADILLA, DSWD Northern Mindanao)

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

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Open... from page 2

Prince Warehouse Club Incorporated that intends to serve the Mindanao market through their wholesale and retail merchandise and the CamSur Department Store that features an array of consumer goods and grocery items, city mayor Jason P. Almonte, said. Prince Warehouse Club formally opened its 2,300 sqm. superstore facility in the city, last Dec. 14, in the morning, and Novotel of CamSur chain, its hotel operations in the afternoon, of the same day. CamSur’s three-storey building is equipped with an escalator to make shopping comfortable and comes with a comfortably luxurious but affordable hotel, the internationally famous Asia Novotel, located on the 3rd floor, just overlooking Iligan Bay. Almonte, who led the twin opening ceremonies, personally welcomed and thanked the said big businesses

for their investments and contribution to the economic development of the city and the job opportunities it provided for its people.

in every classroom in the region,” the region’s chief executive added.


from page 4

from page 2

With the payment, around 26,000 DepEd-ARMM employees can now expect higher loanable amounts and retirement benefits “We have f re e d our teachers in service as well as those who already retired from the uncertainty of the full entitlement of their retirement benefit,” said ARMM Governor Mujiv Hataman. Hataman said the teachers can now look forward to a more comfortable retirement package from the GSIS. “We have made clear to the teachers that this administ rat ion is f u l ly dedicated to the promotion of their welfare with the expectation that this will increase their drive and determination to enlighten every Abdul and Fatima

DoubleDragon... Metropolitan Area (Metro Cebu). Metro Cebu consists of urban centers beside Cebu City. CMCCI plans to start construction of the CityMall there next month. CMCCI, which is 66% owned by DoubleDragon and 34% owned by SM Investments Corp., plans to complete five CityMalls this year and another 20 by 2015. It aims to open 100 such community malls by 2020 and book a P1-billion net profit by 2016 and P4.8 billion by 2020. The parent itself is building malls separately, including Dragon Shopping Center that will rise in Manila’s Divisoria district by September in time for the Christmas season. DoubleDragon’s firstquarter report showed that net income grew 117% to P21.155 million from P9.762 million in the same three months of last year, as operating revenue similarly soared to P170.781 million from P71.363 million and operating expense jumped to P138.006 million from P57.421 million. Other projects in the

company’s portfolio are the 31-storey W.H. Taft Residences beside De La Salle University along Taft Avenue in Manila; Umbria Mall in Biñan, Laguna; as well as 111-unit FirstHomes Iloilo, 21-storey Injap Tower, People’s Condominium, and 236-unit The Uptown Place condominium project, all in Iloilo City. Founded in December 2009, DoubleDragon is a joint venture of Injap Investments, Inc. of Mang Inasal Philippines, Inc. founder Edgar J. Sia II and Honeystar Holdings Corp. of Jollibee Foods Corp. founder Tony Tan Caktiong.

Hyundai... from page 5

the 9,266 units a year ago. The company’s sales have trailed those of its rivals since the start of the year as Hyundai suffered from supply bottlenecks. HARI earlier forecast flat growth this year after selling 22,033 units in 2013. “ H y u n d a i ’s s t r o n g performance will remain steady and on course, banking on positive expectations about the gradual recovery of the Philippine economy and polic y adjustments that will mitigate risks to consumer spending,” said HARI president Ma. Fe PerezAgudo.

Isuzu... from page 5

percent share of the heavyduty truck segment. The first is a dump truck meant for local government units (LGUs) and the second a fuel tanker for oil firms. “We are aiming to achieve 50 to 60 percent market share in the heavy-duty truck category by next year,” Bautista said. At present, Isuzu corners 60 percent of the light- and medium-duty segment.

Batas... from page 6

of the Filipino people? There would be many factors and reasons for this. But we should not forget that this kind of slavery, this kind of suffering and difficult and cursed life, had all been warned about and promised by the Bible to happen to a people who no longer listen to God and who no longer obey Him. Many will refuse to even consider this Biblical basis for our continuing lack of freedom from want and poverty and our continuing domination by foreigners, s ay i ng t he re are more important things to consider if we are to free our people from the clutches of foreign control and domination.

But it would not harm anyone of us if our government leaders in general, and our people in particular, would try to listen to, and obey, what the Bible is saying to reverse this unfortunate condition of our nation. The time has come, and that time is now, to listen to God and obey His commands, because that is now the only viable alternative so our people can have real independence. -ooo REMINDERS: Please tune in: “Tambalang Batas at Somintac sa DZEC”, at 1062 kHz on the AM band, Mondays to Fridays, at 6 a.m., simulcast, real time, over; “Kakampi Mo Ang Batas sa Radyo Trabungko FM”, at 103.7 mHz in Don Carlos, Bukidnon, Mondays to Fridays, at 7 a.m.; and “Kakampi Mo Ang Batas sa DYKA” at 801 kHz on the AM band (Panay Island), Mondays to Fridays, at 10 a.m.

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

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Stabilize... from page 1

unfair trade practices and pricing abuses. “Should a large power generator suddenly conk out, Luzon could lurch from supply disruptions,” Ty warned. “In fact, Luzon would have started to stagger from outages as early as May, had the Department of Energy not prevailed upon some generating companies to defer the maintenance shutdown of their facilities (to this month),” he said. In the Visayas, Ty said power reserves are hovering near zero, while Mindanao continues to wobble from recurring outages. Based on the “power situation outlook” of the National Grid Corp. of the Philippines as of June 10, the Luzon grid has an available capacity of 8,816 megawatts (MW) versus system peak demand of 7,884 MW, for a gross reserve of only 932 MW, or just 10 percent. The Visayas grid has a capacity of 1,646 MW against peak demand of 1,566 MW, for a gross reserve of just 80 MW, or less than five percent. Meanwhile, the Mindanao grid’s 1,252-MW capacity is five percent or 61-MW short of the 1,313-MW peak demand. “Two years ago, except for Mindanao, we had double these reserve margins,” Ty pointed out. He stressed the need for adequate power reserves to keep all three grids functioning in cases of extreme high demand. “Current reserve margins are precarious, and imply that our supplies of electricity across all three grids have b ecome unreliable,” he emphasized. Power reserves refer to extra capacity immediately available to the system to meet demand in case a generator goes down, or there is another disruption to supply. Most power systems around the world are designed s o t hat, under nor ma l conditions, the reser ve is always at least equal to the capacity of the largest generator plus a fraction of peak demand. Ty w ar ne d t h at t he “fragile” power supply, if left unchecked, could jeopardize the country’s ability to attract more investments and create badly needed new jobs. “In fact, we risk dampening economic activity and possible job losses the moment we start experiencing increasing outages,” he said. “The Government has to reassure investors that no effort is being spared to address both our short-term and our long-term power supply requirements,” Ty concluded. (PNA)

Alsons... from page 1

investors putting up their plants is the low price of electricity in the region.”

Alsons shares have risen 54 percent this year, against the Philippine benchmark stock index’s 16 percent advance. M i n d an a o re s i d e nt s have become accustomed to paying little for governmentproduced electricity, making it unprofitable for private investors to build plants. President Benigno Aquino’s success in forging a peace agreement that’s expected to end four decades of conflict is expected to boost incentives for investment in the region. San Miguel Corp., the Philippines’ biggest company, is building a coal-fired power plant in Davao del Sur province with an initial capacity of 150 megawatts that can be expanded to 600 megawatts. “We have the first-mover advantage in Mindanao,” Ymson said. “With more than 60 years of experience in the region, we know the lay of the land. The people are ready. They have accepted the fact that electricity prices will have to rise.” Toyota Tsusho Corp. has taken a 25 percent stake in two of the plants. A partner will also be tapped for the third plant. The company is poised for further expansion as investments in the region come in. Capacity may rise to as much as 1,000 megawatts on plans to build a 400-megawatt coal-fired power plant that will serve the requirements of the $5.9-billion Tampakan gold and copper project in South Cotabato province, Ymson said. The project, touted to be the nation’s biggest foreign investment and originally set to start production in 2016, has been stalled by a ban on open-pit mining. Alsons’ profit will likely rise 11 percent this year to P519 million ($12 million) on higher electricity sales and an increased share in the earnings of a unit after it bought Electricity Generating CPL’s 40 percent stake last year, Ymson said. Profit in the first quarter ended March rose 59 percent to P149.1 million as revenue more than doubled to P1.18 billion from a year earlier. -- --Bloomberg

Outlook... from page 1

coal resources,” much, much ahead of the “development and utilization of renewable and environment-friendly alternative energy resources/ technologies.” Even President Benigno Simeon C. Aquino III is pushing for fossil fuels such as the diesel or gasolineguzzling generator sets to solve the so-called Mindanao power crisis that has put the island back into the “dark ages.” In his State of the Nation Address (SONA) in 2013, Aquino said: “If you put up a wind-powered plant, what do you do when there is no wind? If you put up a solar

plant, what do you when the sky is cloudy? Let me be clear: I believe in renewable energy and we support its use, but there should also be baseload plants that can ensure a steady supply of electricity for our homes and industries. I wonder if those who are critical of the plants we want put up will be as noisy when they are busy fanning themselves during brownouts. All I am really saying is this: Let us help each other find a solution.” Before the SONA 2013 or on April 13, 2012 during the Mindanao Power Summit in Davao City, the President explicitly told Mindanaoans (and implicitly all Filipinos) that they have to pay higher power rates or live with rotating brownouts, adding that Mindanaoans have to realize that “the old days of cheap power are no longer sustainable.” “[Mindanao residents must] put in [their] fair share” in solving the power shortage problem by paying “a little more. You have to pay more because this is the reality of economics, not the rhetoric of politics. Everything has its price,” Aquino said, adding: “You have to pay a real price for a real service. There are only two choices: pay a little more for energy, or live with the rotating brownouts.” Opportunity to strengthen RE position: As of December 2013, the system gross reserve for Mindanao is a negative 65 MW while the committed power project only totaled 5 8 0 M W, s a i d E n e r g y Secretary Carlos Jericho L. Petilla. In its Mindanao Grid Supply-Demand Outlook 2012-2030, the DoE said that Mindanao’s projected peak power demand is “seen to increase to 2,068-MW in 2020 and will increase further to 3,250-MW in 2030.” “[The] Mindanao Grid is experiencing under generation since 2010. The large power plant built in the region is the 210-MW Mindanao coal-fired which was commissioned in 2006. The existing capacity in the region is composed of more than 50 percent hydroelectric p ow e r p l a nt w h i c h i s dependent on the availability of water and affected by weather conditions. A total of 1,600 MW additional capacities are needed in the planning period to meet the electricity demand and the required reserve margin of the grid,” the DoE said. The World Wide Fund for Nature (WWF) urged the government to seize this opportunity to show to the rest of the world its position on the RE debate raging the world over because of climate change. “With the demand for energy growing, the Philippines should all the more strengthen its position in tapping and harnessing alternative sources of energy, such as renewable energy,” it said. WWF, which spearheads the annual climate change awareness campaign called

Earth Hour, during which p e ople are encourage d to voluntarily switch off nonessential lights and appliances for an hour, said that “in Mindanao, every day is Earth Hour.” The DoE is a staunch supporter of Earth Hour. However, it also shows a bias for the development of fossil fuel plants to address M i n d a n a o’s e l e c t r i c i t y problem as well as power the island’s and the country’s development, instead of tapping its massive RE sources such as hydro, biomass, solar, wind and tidal. While pronouncing it strongly supports RE, the DoE has approved left and right various development projects for fossil fuels. Among those approved are the 300-MW coal-fired power plant of the Therma Marine, Inc. (TSI), which will go online in the second half of 2015; and Sarangani Energy Corporation’s 200-MW coalfired power plant, which will go online on February 2015. The 15-MW diesel power plant of the Mapalad Energy Generating Corporation and the 15-MW HFO peaking plant of the EEI Power Corporation went online on October and August 2013, respectively. For RE sources, only one project has actually pushed on to the construction phase: the Energy Development C o r p o r a t i o n’s 5 0 - M W Mindanao 3 Geothermal project, projected to be commissioned on June 2016. Engr. Cerael “Dodong” Donggay, president and chief executive officer of the Greenergy Development C or poration, a leading proponent of RE in Mindanao, lamented that Mindanaoans’ call for the harnessing of the abundant RE sources in the island, like hydro, has fallen on government’s deaf ears. Donggay, former vice president for Mindanao of the state-owned National Power Corporation (Napocor), said the so-called Mindanao power crisis could have been avoided if only government has listened to Mindanaowons’ call for clean hydropower project developments to take advantage of the island’s massive RE s ources to produce cheap electricity. “But Mindanao’s call for

clean hydropower project developments has so far seem to remain unheeded by the DoE, indicating a partiality towards approving fossilfuel based coal plants such as the 300 megawatt Aboitiz thermal plant in Davao, the 200 megawatts of Conal Holdings in General Santos, and other coal plants from high-profile developers such as San Miguel and Ayala Group, among others,” he lamented. Bottlenecks: But MinDA’s Montenegro s ai d t h at d e ve l opme nt projects for RE have not taken off the drawing boards due to “bottlenecks” in the approval processes. He said that after the enactment of the RE Law in 2008 (R.A. 9513), there were more than 200 applications for various RE projects, particularly for mini- or small-hydro plants, most especially in Mindanao, but only about 50 of them were approved and given service contracts. “But none of these 50 has actually been constructed after all these years. We are trying to figure out which of these have encountered bottleneck at what level,” he said. Based on dialogues with RE project proponents, two of the challenges identified that prevented them from implementing their projects are “policy bottlenecks at the national level” and “bottlenecks at the local government level.” Montenegro said that before an RE development project can actually go to its construction phase, its paper works have “to go through layers” of different government agencies. And the approval of all its documentation “will take as much as seven years.” “It is easier to breeze through approval if you develop a coal or diesel projects. But if you apply for renewable energy projects, you have to go through layers of approval that will take as much as seven years,” he admitted.


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We need to disabuse ourselves of this false and dangerous understanding of freedom. More than that, we need to acquire the appropriate attitude and skills to live the true nature of freedom and its consequences. A basic requirement for this is faith in God that is nourished through prayer, sacrifice or self-discipline, study of the doctrine of our faith, especially with respect to morality, recourse to the sacraments which are the ordinary channels of God’s grace, lifelong development of virtues, and the art of spiritual or interior struggle and warfare. There’s always a great and indispensable need for us to grow and mature spiritually. Now is the time to realize more deeply that this particular need has to be attended to first of all and always, and never to be sacrificed in exchange of some immediate, practical but very perishable benefits that the Internet and other worldly things can give us. We need to develop our spiritual or interior life, nourishing it always with the truths of our faith and the many and endless acts of hope and charity. Only in this way can we have dominion and mastery over our earthly affairs. For some practical guidelines, it might be helpful to determine and limit our time of going to the Internet. Let’s avoid going to it at the instance of our whims. Definitely, it should be made to compete with our time for meals, family gatherings, work, and especially our prayers and other spiritual activities. We need to practice temperance, restraint and moderation always. We have to keep close guarding of our senses, both the external and internal.

BusinessWeek MINDANAO


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

friday|June 13, 2014

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BusinessWeek Mindanao (June 13, 2014)  

BusinessWeek Mindanao (June 13, 2014)

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