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BusinessWeek Mindanao (June 16, 2014)

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

Volume V, No. 4

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Complan for Caraga BUTUAN City – The National E co nomic and Development Authority (NEDA) Caraga, as the secretariat of the Regional Development Council (RDC), drafted the Communication Plan (ComPlan) for the Revised Caraga Regional Development Plan (RDP) 2013-2016 to serve as a guide in implementing interventions that will ensure that the goal of the Caraga RDP is received, understood, and acted upon by the target audiences. “The objective of the ComPlan is to communicate to the Caraganons that the RDP is a blueprint to sustain high economic growth, increase job opportunities, ensure a sound environment, and improve quality of life. The specific communication strategies are increasing awareness, knowledge, and participation, and mobilizing partners who will serve as agents of change,” bared Jazmin Berido, Economic Development Specialist of NEDA-Caraga. Berido also said that the ComPlan identifies Caraganons as the target audience along with specific groups such as civil society organizations, nongovernment organizations, people’s organizations, private sector, local government units, regional line agencies, and academe.

Naliyagan fest PROSPERIDAD Agusan del Sur -- The grand opening of the 22nd Naliyagan Festival and the 116th Independence Day Celebration was concluded on Thursday, with colors and meaning right at the heart of the Naliyagan Cultural Center (NCC) here witnessed by thousands of people from all walks of life. Right after the concelebrated mass at the St. Vincent church across the road from Naliyagan plaza, Gov. Adolph Edward Plaza, together with his mother former Governor Valentina Plaza cross the road and proceeded to the Rizal Monument to lay the wreath as an opening salvo of the 116th Philippine Independence Day. The heat from the late morning sun was becoming heavier when Gov. Plaza, his mother, former Gov. Valentina Plaza, members of the Sangguniang Panlalawigan and other government officials with Col. Gregory Cayetano and his men from the 401st Infantry Brigade walk from the Rizal Monument after the wreath laying ceremony towards the main stage of the NCC where thousands of spectators of the dual celebration, the Philippine Independence Day Celebration and the grand opening of the 22nd Naliyagan Festival program, will take place.

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P15.00

power outlook

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

(Third of a Series) Bottlenecks But MinDA’s Montenegro s ai d t hat d e vel 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 outlook/PAGE 11

Independent M’danao power company eyed

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By CARMELITO Q. FRANCISCO Correspondent

HE Mindanao business sector is pushing for the creation of a staterun company independent from National Power Corp. to manage the Agus and Pulangi hydropower complexes.

Vicente T. Lao, chairman of the Mindanao Business Council, said the creation of a Mindanao Power Company would be “a move in the right direction” because this would

allow Mindanao to keep its lower power rates. Based on the study of the Mindanao Development Authority (MinDA), the two power/PAGE 11

PHILIPPINE TERRITORY. In the giant cake with a Philippine map on it presented to the public as part of Cagayan de Oro City’s celebration of Philippine Independence Day on June 12, the Ayungin Shoal, or Ren’aiu Reef to China, is clearly marked as Philippine territory. Made of 1,500 smaller pieces of cakes, the giant cake presented at the Freedom Kiosk in Divisoria was later given away to the public for free. mindanews photo by froilan gallardo

EXTREME SPORTS. A skateboarder grinds his board on a rail in Magsaysay Park, Davao City on Wednesday. The park is a home to the local skateboarding scene. mindanews photo by keith bacongco

Peace pact signing to lure more investments into Bangsamoro area By MINDANEWS

DAVAO City -- The Regional Board of Investments of the Autonomous Region in Muslim Mindanao (RBOIARMM) has posted a total of P1.621 billion investments in the first five months of 2014 but investments are expected to reach or go beyond P2 billion before the month ends. The first five-month

issue figure is 158 million more than the P1.463 billion investments the ARMM posted in the four quarters of 2013. The first quarter of 2014 yielded investments of P1.451 billion and by May reached P1.621 billion with the entry of Agumil Philippines, Inc.’s P170 million Oil Palm Kernel

Crushing Plant in Buluan, Maguindanao. Lawyer Ishak Mastura, RBOI-ARMM chair, says the positive climate brought about by the signing of the Comprehensive Agreement on the Bangsamoro (CAB) between the Philippine government and the Moro Islamic Liberation Front (MILF) on March 27 this year bangsamoro/PAGE 11

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One town one product store opens in CDO mall THE Department of Trade a n d In du s t r y M i s a m i s Oriental (DTI-MOR) provincial office has opened the One Town One Product (OTOP) store in SM mall Cagayan de Oro yesterday, June 15, in time for the

celebration of the City Charter Day. Conveniently located in front of Penshoppe, the OTOP store features 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 t o h e lp prom ot e l o c a l produce and to provide ve nu e for m icro s ma l l and medium enterprises ( M SM E s ) to s e l l t h e i r

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 our very own,” said DTI

provincial director Ma. Eliza A. Pabillore. The opening and ribbon cutting was led by city mayor Oscar Moreno together with DTI assistant regional director Linda O. Boniao, SM Mall manager Clara G. Elizaga and Vjandep owner

Eleanor P. Jose. Further, the store is still open to accept locally made products for display and selling particularly from n e i g hb or i ng prov i n c e s Bukidnon, Camiguin, Lanao del Norte and Misamis Occidental.

Consumers urged to be vigilant in buying school supplies BUTUAN City -- In all times, consumers must ensure that they get value for money on the products they buy. More so in buying school supplies for their children to ensure that the products are safe to use and of good quality. Below are some information and tips in buying school supplies: DTI, through its Bureau of Product Standards (BPS), has developed 37 Philippine National Standards (PNS) for school supplies and paper products such as crayons,

pencils, ball point pens, marker pens, eraser, chalk, notebook, pad paper and glue. These standards specify the appropriate physical and chemical properties, performance rating and labeling of products that should be patterned or adhered to by manufacturers to make sure of the safety and reliability of their products. All these products must be properly labeled. They should indicate particularly the name and address of the manufacturer, converter

or importer and the name of country the products were manufactured and the toxicity levels. The number of pages, trademark or brand name and size must also be written in the cover of notebooks and pad papers. The color of the ballpens must also be specified in its box in addition to the trademark or brand name. Pencils should indicate the hardness symbol – No. 1, 2, 3. Each crayon must indicate the color, brand and trademark. Erasers must

be labeled whether it is rubber or plastic. For notebooks, the paper can be written on both sheets (back to back) and the wire holding the pages must not rust. Pad papers must also be written on both sheets and the glue holding the paper must not easily peel off. Inks in ball pens must show immediately upon writing. It must have a smooth writing performance and must have a shelf life of 90 days. consumers/PAGE 10

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OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

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

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

METRO BANK- GAISANO 8561720

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 FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558 PLANTERS DEVELOPMENT BANK

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

PNB- LKK MALL NORTH CONCOURSE

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

PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438

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

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 – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819

SECURITY BANK- LKK Limketkai | 8801258/8801625

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

T H E Wo r l d B a n k o n We d n e s d a y r a i s e d i t s economic growth forecast for the Philippines through next year on higher private consumption and reconstruction in areas devastated by Typhoon Yolanda. In it s l ate st G l ob a l Economic Prospects, the Washington-based lender said the Philippines’ gross domestic product (GDP) is expected to grow 6.6 percent this year, up from an earlier projection of 6.4 percent made last January. The bank’s latest forecast is above the lower end of the government’s full-year target range of 6.5-7.5 percent GDP growth. GDP is the amount of final goods and services produced in the country and as such measures economic performance. Last year, GDP growth came in at 7.2 percent, above the average of 4.7 percent in 2008-2012. In the first quarter of this year, the Philippine economy however slowed. The World Bank’s latest forecast for the Philippines this year however is higher than those for Thailand (2.5 percent), Vietnam (5.5 percent), Malaysia (4.9 percent) and Indonesia (5.3 percent).

For 2015, the Philippine economy is projected to expand 6.9 percent, which is higher than the lender’s earlier projection of 6.3 percent, but below the government’s 7-8 percent target range. “A projected acceleration of growth in the Philippines in 2015 reflects accelerated reconstruction efforts,” the World Bank said, adding that domestic consumption in the Philippines would remain robust, supported by remittances, which grew 7.4 percent from a year ago in 2013. By 2016, economic growth is projected to expand by 6.5 percent, the lender said, also below the government’s target range of 7-8 percent. Forecast for developing countries cut The upward revision for the Philippines comes as the World Bank cut its growth forecast for developing countries as a group to 4.8 percent this year from an earlier projection of 5.3 percent. China will lead growth in the region, with its GDP seen expanding by 7.6 percent this year, provided it succeeds in its rebalancing efforts, the lender said. The bank said signs point to strengthening in 2015 and

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

RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329

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

EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331

WB hikes PH growth forecast

RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888

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

EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081

Banking&Finance

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2016 to 5.4 and 5.5 percent, respectively. Jim Yong Kim, World Bank president, said growth rates in the developing world remain far too modest to create the kind of jobs needed to improve the lives of the poorest 40 percent. “Clearly, countries need to move faster and invest more in domestic structural reforms to get broad-based economic growth to levels needed to end extreme poverty in our generation,” he said. Kaushik Basu, senior vice president and chief economist at the World Bank, said the financial health of economies however has improved. “With the exception of China and Russia, stock markets have done well in emerging economies, notably, India and Indonesia. But we are not totally out of the woods yet. A gradual tightening of fiscal policy

WITH three session days left before Congress adjourns, the Senate on Monday approved on third and final reading Senate Bill No. 2159, or the “Act Liberalizing the Entry and Scope of Operations of Foreign Banks in the Philippines.” SBN 2159, according to Senator Sergio Osmeña III, who chairs the Committee on Banks, Financial Institutions and Currencies, seeks to expand the participation of qualified foreign banks in the Philippines’ financial sector “to allow our economy and our people to reap the benefits therefrom.” Senator Cynthia Villar coauthored the bill. Osmeña said the measure would allow foreigners to own up to 100 percent of domestic banks, and would permit the entry of “established, reputable and financially sound foreign banks” in the country. The bills also grants locally incorporated

to

UCPB BANK- VELEZ Velez Corner C. Pacana St. CDO 8564474/8564527

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

UCPB BANK SAVINGS-CAPISTRANO

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

subsidiaries of foreign banks “the same banking privileges as domestic banks of the same category.” Osmeña said the measure would give the Philippines a chance to take advantage of the economic integration of the Asean, with its Banking Integration Framework set to take force in 2020. “Greater foreign participation in the banking and financial sectors is expected to augment the financial resources to which the Philippine economy may have a c c e ss , t hus supporting the initiatives of the present administration in implementing various infrastructure projects and rehabilitation programs,” he said. The Bangko Sentral ng Pilipinas (BSP) has been pushing for mergers and acquisitions (M&A) in the banking sector. The BSP, along with Philippine Deposit Insurance Corp (PDIC), put in place a program that provides tax and other incentives for stable banks to acquire weak rural lenders.

Congratulations

UCPB BANK- LAPASAN Osmeña Corner Lkk Drive, Cdoc 85771842/ 725135

Capistrano Corner CruzTaal St. CDO 8524099/722695

and structural reforms are desirable to restore fiscal space depleted by the 2008 financial crisis. In brief, now is the time to prepare for the next crisis,” Basu said. In addition, the structural reform agenda in many developing countries, which has stalled in recent years, needs to be reinvigorated in order to sustain rapid income growth. “Spending more wisely rather than spending more will be key. Bottlenecks in energy and infrastructure, labor markets and business climate in many large middleincome countries are holding back GDP and productivity growth. Subsidy reform is one potential avenue for generating the money to raise the quality of public investments in human capital and physical infrastructure,” said Andrew Burns, lead author of the World Bank report, said.

Senate okays full foreign ownership of local banks

Corrales Avenue, Cagayan de Oro City 9000

SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632 STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168

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Anniversary BEST IN BUSINESS AND ECONOMY REPORTING (Weekly Category) Civic Journalism Community Press Awards

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COWD personnel conducting a leak repair at Kauswagan Central School as a support to Brigada Eskwela.

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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Opinion

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Fairytale or Fact?

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hink a minute…There was a man who thought he was going crazy, so he went to the doctor for an expert opinion. The doctor examined the man and told him: “I have to agree with you. You’re crazy.” But the man got angry and said: “I want a second opinion!” So the doctor said, “OK, you’re ugly too.” Sometimes we don’t want to hear the facts. A sur vey in America showed that 90% of Americans say they believe heaven is real, but only 25% of those same people say they believe hell is a real place. That’s like saying you believe there is light but no darkness, that there is right but no wrong. Common sense tells you that doesn’t make any sense! Just saying a place is not real doesn’t make it true. It’s like saying the North Pole is not real just because we don’t think so. The fact is Jesus Christ talked about hell much more than he did heaven. He said hell is a real place that’s full of the worst pain and endless suffering for everyone who rejects His good life by choosing to live their own way instead of the true way He created us to enjoy. Jesus repeatedly explained that the reason He came to give His innocent life

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

THINK

A Minute

By Jhan Tiafau Hurst

Open Electronic Learning School System Must Be Implemented

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t u d e nt s m ay n o t b e required to attend their classes once the proposed open electronic learning school system is enacted into law. The op en ele c t ronic le ar ning s cho ol system as a system of delivering e ducat ional s er vices to high school, college and advance studies students u t i l i z i n g p r i n t , r a d i o, television and computerb as e d communicat ions, satellite broadcasting, teleconferencing, and other multimedia learning and teaching technologies without going to classes regularly. If it b e comes a law, s tu d e nt s c an s tu d y on their own without having

editorial to regularly attend class in conventional classrooms. The measure seeks t o d e l i v e r e du c at i on a l advancement to the Filipino students through the use of alternative means of instruction such as print, radio, television, and other multi-media learning and teaching technologies. The prevalence of computers or the so called artificial intelligence and the rapidly changing society and the demand to be globally competitive cannot be ignored. It has to

be addressed by keeping at par with the high tech genre. The alternative learning system adheres with the constitutional mandate of providing access to relevant quality education through the employment of an alternative learning system. This measure would enable the youth including adults to overcome geographical, s o c i o e c on om i c an d or physical constraints to the completion of secondary and tertiary education including advance studies. The proposed act will

cover the public secondary and tertiar y educational institutions with existing distance learning programs and all other such institutions that shall later be authorized as qualified to implement the system. Under the bill, all existing programs and projects of the Department of Education (DepEd) regarding dropout intervention and poverty alleviation through education shall be part of the open learning school system. The System would be beneficial to all youth and adults who have finished elementary education and high school qualifiers of the Philippine Educational Placement Test (PEPT).

What Makes A Great Leader?

A

leader is a guide. A c o n d u c t o r, a commander, or, the foremost horse in a team! I am blessed up to this very moment, that I mostly met real leaders during my whole life. Leaders, who taught me in very practical ways how to survive especially in business. Talking about leaders: I found a very nice quotation, shared by Dr. John C. Maxwell, the leading authority on leadership, who says, “A leader is one who knows the way, GOES THE WAY, and SHOWS the way!” - “Nearly all men (and women) can withstand adversity. If you truly want to test a man’s character, gie him power!” said Abraham Lincoln long time ago. - Character is what you do in the dark ... . In the past, at present

and especially looking into the future, one can observe someone at any corner offering to lead us on our way. Politicians compete for our vote of confidence. Athletes and entertainers show us their pictures of success (and think to be good politicians!). Even a lot of different religious leaders pledge, promise and bin in flock gathering. So, what are the traits that a great leader must have or develop character? “You can buy brains, but you cannot buy character”. But hold on, character is even not enough. How about integrity? Are you a leader? Is what you are saying AND DOING the same? Are your followers wholeheartedly convinced of your integrity? This columns contains many quotations. Albert

Einstein, one of my favourite idols said before, “Whoever is careless with the truth in small matters cannot be trusted with the important matters!” Leaders in politics, in clergy, and in business - many are lacking this specific trait because, after all, what they say is not whay they do! We are still in need of many more leaders with character, integrity, discipline and the ability to influence others in a positive way. Being really successful in business means: the leader must be able to motivate his or her people around, rather than manipulate them. Good to know, that there are still some leaders, who are able to fulfill all these ideals - for the sake of the Philippines and the whole globe.

H ave M y Say

By Klaus Doring

Email: doringklaus@gmail. com or follow me in Facebook or Twitter or visit www. germanexpatinthephilippines. blogspot.com or tune in to “Classics with Klaus Doring”, Sundays from 9 to 11 am and 7 to 9 pm (Philippine Standard Time) on 104.3 FM Edge Radio Davao or via www.myradiostream.com/ edgedavao.

Reforming the Vatican Bank

I was to pay the penalty for all our sins. God the Son came to save us from suffering in hell forever, even though it cost Him His own divine life. You see, we can’t say we believe Jesus Christ spoke the truth about some things, but that He lied about other things like hell. He can’t be God and be a liar too. Remember, since God is perfectly good and pure, it’s simply not possible for Him to live together with any kind of wrong or evil. Otherwise, He wouldn’t be God! Just like light and darkness cannot be in the same place together. But if we want God to leave us alone, He will. After all, He’s the One Who gave us our freedom to choose in the first place. He will never force us to love Him and live the way He created us to enjoy. hurst/PAGE 10

n a previous two-part article (“Should priests be allowed to marry”), I said that while the Vatican may be open to reviewing the current policy on celibacy, we should not expect changes to happen anytime soon. The matter of celibacy is simply not a priority. Instead, Pope Francis has zeroed in on two priority issues which need to be urgently addressed. These are: 1.) a more thorough investigation of alleged sexual misconduct within the Church and 2.) reforming the Vatican Bank. The good Pontiff set his timetable to commence as soon as he returned from his historic trip to the troubled Middle East. While no immediate action has been announced with regards to the first issue, Pope Francis opened his salvo with regards to the second by firing the 5-man board of the Financial Information Authority, the “watchdog” of the Vatican Bank.

A Reuters report said: “All five outgoing members were Italians…associated with the Vatican’s discredited financial old guard”. In their place, Pope Francis appointed non-Italians, all highly regarded professionals, (including 1 woman) with individual expertise in law, banking, running philantrophic organizations (not the Napoles type) and insurance. The Financial Information Authority was created by Pope Emeritus Benedict XVI in 2011 in response to increasing concerns of the European financial community that the Vatican Bank had other more worldly activities. What is the Vatican Bank and why has it become the subject of increasingly closer scrutiny? Founded in 1942, the Vatican Bank (officially known as the Institute for Works of Religion) aims “to provide for the safekeeping

of movable and immovable property transferred or entrusted to it by physical or juridical persons and intended for works of religion and charity”. The bank is housed in a small round tower at the foot of the Apostolic Palace. That is a mere spitting distance from where Pope Emeritus Benedict XVI and Popes (now Saints) John Paul II and John XXIII resided and held office. The bank’s clientele is supposed to be limited to what we call in local banking parlance as a “well defined g roup”. O n ly re l i g i ou s institutions, clerics and diplomats accredited to the Vatican are allowed to hold accounts there. Unlike a conventional bank, the Vatican Bank does not give loans. But to grow its assets, it invests in securities. It also had a substantial equity holding in the collapsed Banco Ambrosiano. Because so little is known

SPEAKING

O ut

By Ignacio Bunye

ab out t he b an k’s d ai ly operations and transactions, it has often been called “the most secret bank in the world.” It was only in 2011, (69 years after it was established) and only after mounting pressure f rom t he inter nat iona l financial community, that its operations have been made public. The cryptic 2011 report said the bank had 20,772 clients with 33,000 accounts. 68 per cent of the clients are members of the clergy. The bunye/PAGE 10


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Effects of overcrowded classrooms to learning

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By Betty Jane Rotilles Alfeche Teacher 1 Curva Miagao Elem. School District of Salvador Division of Lanao Del Norte

Overcrowded classrooms is one of the major problems in our schools today. Its effects are varied. One is lack of time to focus on struggling students. Large class sizes mean that less focus can be given to those students who truly need help. Teaching in a small space is also stressful for the teacher, who has to adapt lesson plans to focus more on work that students can complete at their desks. Classroom condition affects the learning of every student. A student who is not comfortable inside his classroom will also have difficulties learning. Like for example, the environment overwhelmed by noise will make the classroom not conducive for learning. A growing body of research has linked student achievement and behavior to the physical building conditions and overcrowding. A major problem faced by students in large classes is the scarcity of learning resources (both material and human). Overcrowded computer and science laboratories and competition for limited library texts are still an impractical and unfair reality in some schools. Students in large classes often complain of losing focus and losing interest in their studies during the delivery of classes . A common strategy used to maintain student interest has been to ensure students are given frequent and regular. Overcrowded schools are a serious . As a result, students

find themselves trying to learn while jammed into spaces never intended as classrooms, such as libraries, gymnasiums, laboratories, lunchrooms, and even closets. Although research on the relationship between overcrowding and student learning has been limited, there is some evidence, particularly in high-poverty schools, that overcrowding can have an adverse impact on learning. A study of overcrowded schools found that students in such schools scored significantly lower on both mathematics and reading exams than did similar students in underutilized schools. In addition, when asked, students and teachers in overcrowded schools agreed that overcrowding negatively affected both classroom activities and instructional techniques. Overcrowding and heavy teacher workloads created stressful working conditions for teachers and led to higher teacher absenteeism. Crowded classroom conditions not only make it difficult for students to concentrate on their lessons, but inevitably limit the amount of time teachers can spend on innovative teaching methods such as cooperative learning and group work or, indeed on teaching anything beyond the barest minimum of required material. In addition, because teachers must constantly struggle simply to maintain order in an overcrowded classroom, the likelihood increases that they will suffer from burnout earlier than might otherwise be the case.

Leading Through Creating a Difference in the Lives of Stakeholders By Allan B. Roxas Head Teacher-I Oguis Elementary School

A school leader is the catalyst of change and the agent of transformation in his own community. In the light of this, school leader shall create a difference in the lives of his stakeholders, in him he has to share his God-given talent in taking the lead for community developments and building the culture of working together for the common good. Leader of today is not anymore confined in the four corners of his cubicle in which the community has to look-up to his highness and unreachable capacity by his people. It calls for transformational and servant leader, who has the passion and the heart to serve his people, has the willingness to share what he has for the community developments. Likewise establish mutual relationship thus in effect the community will also share their resources for school progress. In view of this new system of management the school leaders are the prime-movers in taking the lead to create a difference in the lives of their constituents, henceforth, extreme hunger and poverty

are then eradicated- Through his excellence management he is then able to guide the community leaders towards working together in the journey of realizing community goals in effect it will lead into a better life of the community people. He has to be visible in his community, the source of magnificent and wonderful insights of ideas on how to make the community a better place to live in. Take part in all community undertakings with his own initiative and creativity then he is able to transform the society into a peaceful and progressive place to live with for his people. He shall make himself as the inspiration to the community in putting progress and developments for a better life. Towards this end, he will become the living hero of his community whose life created them towards peace and progress. Leading the stakeholders with brilliant ideas will make you the living figure and icon as they continue with their dreams that someday somehow their lives will be changed through education.

LAMBOMISAMISORIENTAL. Governor Yevgeny Vincente B. Emano is prayed over by the members of the Assembly of God Church-ALEMA during their annual youth camp at Poblacion, Alubijid. Church members were thankful to the Governor for his support to their undertakings and to the youth. #LamboMisamisOriental

DONOR-PARTNER – VICE GOVERNOR JOEY G. PELAEZ visited the office of the Children International Philippines, Inc. (CIPI) in Quezon City before attending the National Assembly of the League of Vice Governors of the Philippines (LVGP) in Baguio City. CIPI facilitated the donation of books which Vice Governor Pelaez distributed to the various schools in the Province. Another shipment is expected to arrive anytime this year which will be distributed by Vice Governor Pelaez to more schools in the Province. (Photo shows [L – R] CIPI Chief of Programs Rebecca J. Fuellos, Vice Governor Joey G. Pelaez, CIPI Program Coordinator Gertrudes Gauiran, CIPI Network System Coordinator Mark David Dancil and CIPI Program Coordinator Domingo Buenaflor). (SP Communications)

2014 STEAG POWER STUDENT AWARDEES: Twenty eight (28) students from Villanueva, Misamis Oriental received educational and scholarship assistance from energy-firm STEAG State Power Inc (SPI) through its Social Empowerment through Education (SEED) Program. The support include college scholarship grants to four (4) students now currently pursuing a bachelor’s degree in various schools in Northern Mindanao and a stipend for 24 high school students in Villanueva. Through the years, SPI have provided scholarship and educational assistance to economically challenged students with good academic standing. The program is part of Steag’s continuing commitment to help improve the quality of life the people in its host communities in Misamis Oriental.


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What does memorization have to do with Learning? By ROWENA ALBOROTO JAGNA-AN Teacher 1 Curva Miagao Elem. School District of Salvador Division of Lanao Del Norte

Memorization is a generally-notgreat shortcut. It’s better than not knowing at all, but it’s not nearly as enduring, effective, and powerful as meaningful learning. However, the exception is vocabulary. By nature, words in a language bear only an arbitrary, symbolic relationship to the concepts they signify. For learning vocabulary (especially in a foreign language), memorization is a useful tool. In math, the classic example of a thing that “must” be memorized is the times tables. Amidst the din of debates about education, the one agreed-upon truth seems to be that all kids ought to learn their times tables.

Memorization is a frontage road: It runs parallel to the best parts of learning, never intersecting. It’s a detour around all the action, a way of knowing without learning, of answering without understanding. Memorization was woven into the philosophical fabric of our educational system when it was developed in the first half of the twentieth century: Textbooks were designed to be repositories of information rather than offering challenges to excite and encourage understanding. Academic excellence was measured in terms of the quantity of information possessed rather than the depth of understanding

or the proficiency in applying knowledge to new situations. “Objective” tests (true or false, multiple choice, fill in the blank) replaced essay tests. “Why We Should Memorize?,” an educator asks. The best argument for verse memorization may be that it provides us with knowledge of a qualitatively and physiologically different variety: you take the poem inside you, into your brain chemistry if not your blood, and you know it at a deeper, bodily level than if you simply read it off a screen. “If we do not learn by heart, the heart does not feel the rhythms of poetry as echoes or variations of its own insistent beat.” Superficially, one could say that their are two diametrically opposed opinions: one thinks memorization bypasses jagna-an/PAGE 10

The Laws of Friendship By JEZREEL TEJADO FRASCO Teacher 1 Curva Miagao Elem. School District of Salvador Division of Lanao Del Norte

As kids grow, the ground rules of friendships develop and change. Learning these “laws” can help us understand and support our children’s social lives so we can be there when they need us. Friendship begins at babyhood. A child’s first best friends are usually his parents. By the time kids can crawl, they start meeting other kids. Early play remains parallel. Around age three, children become able to play with each other and form deeper friendships, although parallel play still continues. By age eight, friends take up a lot of children’s interests and energy. It doesn’t mean your children don’t love you, but it does mean you have diminished in your stature as top friend. Friendship is the gold of childhood. Kids discover it themselves, and it’s incredibly precious. Other things in life are imposed — school, bedtime,

what’s for dinner — but friends are something kids choose for themselves. Children maintain limited numbers of friends. Kids generally have from one – ten “important” friends at a time, with an average of about five. And not all of these friendships will last, even when the parents are best friends. Each child has his own friendship temperament. Your child may be naturally shy, naturally outgoing, or even naturally bossy. Your child may like trios, large groups or being one-on-one. And your child may have a very different friendship temperament than you. While you can’t necessarily change your child, you can encourage him to stretch — a bit. Conflicts with close friends are inevitable. Tensions arise at every age and stage, but the ability to resolve conflicts

independently develops as kids get older. “Kids actually experience more conflicts with close friends than with acquaintances,” says Lawrence Cohen, Ph.D. “At first that might seem weird, but if you think about it, you can get over what an acquaintance says, but what a friend says and does really matters. And because you are friends, you are motivated to work it through.” Trios can truly be trying. It is a big developmental step to move from playing with one friend to playing with two friends at the same time. Often, there’s an odd person out, so like the uneven legs of a stool, a trio sometimes tips over into conflict and disappointment. Therefore, some kids do very well in trios, but others prefer to be one-onone or in larger groups. Most children prefer to play with kids of the same gender in school. While babies and toddlers don’t generally discriminate over the sex of their playmate, once kids enter frasco/PAGE 10

How to encourage shy students to speak By 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 pamotongan/PAGE 10


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BISWAL MINDANAW Art Gallery @ SM City CdeO

BISWAL MINDANAW ART GALLERY at SM City CdeO ground floor Entrance 3, in cooperation with SM City Cagayan de Oro presents ART FOR A CAUSE FOR YOLANDA REHABILITATION PROJECT with Participating Artists: Danny Ababa, Clark Cañete MD. Irene Casiño, Rogelio Detomal Jr, Jun Lapeceros, Danny Natindim, Arch. Cocoy Paano, Suzette Paano, Tenny Torres, Zeno. Now open for Public viewing, All paintings are original and for sale!

A Bright and Fun For Everyone MyPhone Rio Fun now available in Lazada Philippines

P

Treat your dad to a free viewing of NBA season finals, FIFA World Cup at Primavera Residences this Father’s Day Sports lovers in Cagayan de Oro are in for a treat as Primavera Residences is hosting a month-long Father’s Day celebrations at its function hall. Starting June 6 until July 15, Primavera Residences – the first eco-friendly property in Cagayan de Oro – will offer free viewing of the NBA season finals and telecasts of the 2014 FIFA World Cup. The free screening is made possible by a partnership with Parasat HD, Mindanao’s own cable service provider. Fathers and their families can enjoy the free telecasts and cheer for their favorite teams via Parasat HD’s NBA Premium and Balls channels. Balls channel is the official broadcaster of the 2014 FIFA World Cup in Brazil. To avail of this Father’s Day promo, interested

sports fans must register through Primavera Residences’ official Facebook page at www.facebook. com/CondoPrimavera or via mobile phone: 09173248755. They must send in their names and contact details, preferred date and time of viewing, game and team they want to watch, and number of people who will join them. Free snacks will be served to registered participants during the viewing. Primavera Residences is an award-winning two 10-story towers located in Uptown Cagayan de Oro. It has residential, commercial and office spaces for rent and purchase. The green property recently won Best Mixed-Use Development in the Philippines at the Asia Pacific Property Summit

organized by the International Property Awards. In 2011, it was highly commended by the Southeast Asia Property Awards (SEAPA) for Best Condo Development in the Philippines. In 2010, the Climate Technology Initiative Private Financing Advisory Network certified Primavera Residences as One of the Best Clean Energy Investments in the Philippines. For inquiries about promos and how to purchase/rent units at Primavera Residences, visit www.primaveraresidences.com or call (088) 3108173, 0917-7921078. This event is also brought to you by BusinessWeek Mindanao and the Cagayan de Oro Times magazine.

icking a mobile phone nowadays is just as tough as picking a boyfriend—or a girlfriend for all the bachelors out there. As they would always say, it’s all about finding the perfect match despite the tons of available options out there. While we cannot guarantee finding you “the one”, we can definitely put you up for something bright and fun—the recently unveiled MyPhone Rio Fun which is now available at Lazada.com.ph. The MyPhone Rio Fun is the trifecta of eye-popping color, crisp functionality, and affordability. Its five-inch LCD screen is perfect for squint-free wide format view for all your photos and videos. The MyPhone Rio Fun also comes with a 3.2 megapixel rear camera with LED flash so capturing those special moments whether daytime or at night should be effortless. It also has a 512 MB internal storage but when all those selfies are taking up too much memory space, the MyPhone Rio Fun also has a 32GB internal storage so you can still access those files wherever, whenever. Despite its 2G network configuration, connectivity should not be an issue with the MyPhone Rio Fun, as you can connect via WiFi or Bluetooth and it has Dual SIM slots, both with Dual Standby. All of these for an affordable price of PhP 2,999 at Lazada.com.ph. So here’s what you will get out of your PhP 2,999 with the MyPhone Rio Fun: • 5-inch FWVGA TFT LCD screen @ 854×480 pixels, 195ppi • MediaTek MT6572 1.3GHz dual-core CPU • 512MB RAM • Mali-400MP1 GPU • 512MB internal storage • Expandable 32GB internal storage • 2G only • Dual-SIM, Dual-Standby • WiFi 802.11 b/g/n • Bluetooth • 3.2MP rear camera, LED flash • VGA front-facing camera • Li-Ion 1800mAh battery • Android 4.2 Jelly Bean Purchasing the MyPhone Rio Fun from Lazada.com.ph gives you nothing but effortless and risk-free shopping experience. With Lazada, you get to enjoy online shopping with cash-on-delivery payment, free nationwide shipping for transactions above PhP 1,000.00 and free returns within 30 days. So what are you waiting for? Shop for your own MyPhone Rio Fun at http://www.lazada. com.ph/shop-mobiles-tablets/myphone/ and find your perfect match! For more updates on sales promo and new products, subscribe to www.facebook.com/lazadaphilippines and visit www.lazada.com.ph


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Consumers...

Bunye...

Crayons and the lead in pencils must not break easily when used under normal writing pressure or sharpened. Erasers must not deform the quality of the paper when used. The Food and Dr ug Administration (FDA) also checks on the toxicity levels of the materials used in the manufacture of school supplies. As a result, crayons, which should not be toxic, shall be additionally marked “non-toxic.” For the prices, consumers are advised to check the latest suggested retail prices (SRPs) for the school supplies issued by the DTI. Copies are posted in major retail establishments and can be downloaded in the DTI website www.dti. gov.ph.

report also indicated that it had US Dollar 8 billion under management. It took another two years before the bank launched its own website where it also published its first-ever annual report. It is no wonder that because of the secrecy with which it operated, the bank had often found itself at the center of controversy, intrigue and scandal. In 1968, the Vatican Bank hired a financial advisor, whose own bank’s failure in 1974 reportedly caused the Vatican losses amounting to 35 billion Italian Lira. In 1982, an Italian court issued a warrant of arrest against an Archbishop for allegedly being an accessory in the fraudulent bankruptcy of Banco Ambrosiano where t h e Vat i c an B an k h a d substantial holdings. T h e mu r d e r o f t h e chairman of Banco Ambrosiano (whose body was found hanging under a London bridge) became the subject of the plot of the movie Godfather III. But of late, investigators have also been uncovering with regularity cases of deposit accounts allegedly being used by outsiders to launder money or to avoid taxes. To the credit of Pope Francis and his immediate predecessor Pope Emeritus

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Hurst... from page 6

Jesus said that e ven though our body dies, our soul will live forever—either in heaven or in hell. So it’s up to us to choose whether we want Jesus’ gift of forgiveness and way of living, or our own way. Heaven or hell. But you’re the only one who can send yourself to hell, because God’s already done everything He possibly can so you don’t go there. The choice and risk is yours. Just Think a Minute…

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Benedict XVI, the Vatican Bank now appears headed for greater transparency. In itself, the publication of the its annual report is a significant milestone but as one observer notes: “ With regards to meeting international norms, the Vatican Bank still has some way to go.” For feedback, you may email us at totingbunye2000@ gmail.com .

Jagna-an... from page 8

conceptual learning, and one thinks memorization is essential to knowledge. However, if we consider what both mean by memorization, they have a far greater cohesion of thought. An educator argues that what separates memorization from learning is a sense of meaning. “To take a poem to heart is to know it by heart.” This is certainly not a sense of memorization devoid of meaning. There is a need for teachers to encourage students not to be satisfied with becoming mere repositories of factoids, but rather to allow their lessons to infuse them. Such is the nature of learning.

Frasco... from page 8

preschool, many prefer friends of the same sex. However, outside of school, many kids maintain opposite sex

friendships. “It’s important to encourage friendships with kids of the opposite sex. This is something to be nurtured and your child will value and enjoy it, particularly because she may not do this at school. By age ten or eleven, boys and girls become interested in each other. As kids begin puberty, platonic boy-girl friendships begin to form. Socializing often occurs in groups rather than one-onone. Girls often spend time talking about boys, who are generally a little more awkward and wonder how to relate to girls. Many schools will start sex education in the 4th grade and recommend parents begin discussing sex with their children in appropriate ways at home. As kids approach puberty, parents should talk about sex and set up the right kinds of guidelines for social interaction. Many children experiment with social power. By the time kids are four or five years old, many discover that excluding or teasing someone makes them feel powerful and they find this exciting. Kids also test their powers to see how effective they are. A fouryear-old might invite a group to go to the swings and wait to see how many follow. Children care ab out being popular, but friendship rules. From about 2nd grade through high school, being popular becomes important to many children. But friendship is the thing that endures.

A friend wants you to be yourself and likes you for who you are. While not being in the “in crowd” might seem devastating, encourage your child to simply make good friends. Help him nurture those friendships and the crisis over not being in the cool group should subside.

Pamotongan... from page 8

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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Outlook... from page 1

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. Climate Changer: “This is very unfortunate. The stark truth is the RE i s u n abl e to e nj oy t he same benefits that coal does since the policy isn’t being implemented and the agency mandated to do it, i.e, DoE, is delaying this and instead making way for the proliferation of coal in the country,” said Anna Abad of Greenpeace Southeast Asia. (Abad has since resigned as climate and energy campaigner to pursue a doctorate degree in Singapore.) Greenpeace has been advocating for an energy revolution scenario for the Philippines, where a massive shift to RE and energ y efficiency measures would wean the country away from the rising costs of fossil fuels. But five years since the passage of the Renewable Energy Act of 2008, RE has yet to be fully harnessed and mainstreamed. In its report Green is Gold, Greenpeace stressed that the Mindanao grid can be RE-powered by as much as 57.16% if measures are quickly implemented, rising to as much as 77.34% by 2020. Many praised the Aquino a d m i n ist r at i on’s s ou nd finance policies and the excellent skills of its fiscal managers that have made the Philippines the fastest growing economy in Asia the past two years. Ho w e v e r, t h e y a l s o commented that policies and managerial skills alone will not sustain the country’s de velopment esp ecially because of climate change. “Climate change and extreme weather disturbances pose the greatest threat to economic progress. The Philippines, s itu ate d i n t he Pa c i f i c typhoon belt, is one of the countries most vulnerable to climate change,” said Jose Ma. Lorenzo Tan, vicechair and CEO of WWFPhilippines. “As much as this economic growth is needed to spur national development and progress, it is imperative to look for ways to ensure that these advancements are sustainable and inclusive. We must examine how economic activity that is largely based on the use of fossil fuels will affect the country and the planet,” he added. The International Energy Agency (IEA) said in a 2012

publication that 43% of carbon dioxide emissions from fuel combustion in 2010 were produced from coal whereas oil and gas only emitted 36% and 20% of CO2, respectively. Like other developing countries, the Philippines plays a ver y minor role i n t ot a l g l o b a l c ar b on emissions yet suffers an inordinately higher cost. The country emits just 0.9 metric tons of carbon per capita, compared to the United States’ 17.6 metric tons. Philippine Climate C h a n g e C om m i s s i on e r N a d e r e v “ Ye b” S a ñ o lamented that Filipinos “lose 5% of our economy e ve r y ye ar t o s t or ms .” Conservative estimates put the reconstruction costs of Supertyphoon Haiyan (Yolanda, which devastated t h e Vi s ay a s R e g i on i n November 2013) at US$5.8 billion. The Intergovernmental Panel on Climate Change (IPCC) said in Chapter 7 (Energy Systems) of its 5th Assessment Report that “the energy sector is the largest contributor to global greenhouse gas emissions.”

Power... from page 1

power complexes can earn a net income of about P2 billion annually. At present, whatever they earn is remitted to the national government, and rehabilitation of their respective power plants can only take place if the national government allows it. The low power generation rate by the two hydroelectric complexes is also among the reasons business groups, like the Philippine Chamber of Commerce and Industry -- Mindanao, oppose the interconnection of the island’s power grid with those of Visayas and Luzon. However, the creation of a Mindanao Power Company would only materialize if Congress amends the Electric Power Industr y Reform Act, which mandates the privatization of National Power Corp. assets. Mindanao lawmakers have filed a proposal to exempt the complexes from privatization. The bill of Rep. Edgardo R. Masongsong of the First Consumer Alliance for Rural Energy partylist was patterned after similar proposals filed in the previous Congress by former Zamboanga City Reps. Maria Isabelle C. Salazar, now the city mayor, and Celso L. Lobregat. In the proposal of Mr. Ma s o n g s o n g , f o r m e r l y the general manager of the Bukidnon II Electric Cooperative, the proposed Mindanao company has a life of 50 years and would have a capital stock of P300 million. It would then buy the two complexes from Power Sector Assets and Liabilities Management Corp. the agency that oversees government-owned power facilities.

Bangsamoro... from page 1

has encouraged investors. Inv e s t m e nt s s t a r t e d pouring in after the signing of the GPH-MILF Framework Agreement on the Bangsamoro (FAB) on October 15, 2012. Under the FAB, the parties agreed that the status quo was “unacceptable” and that they would set up a new autonomous political entity called the “Bangsamoro,” to replace the ARMM. The signing of the CAB is expected to end decades of insurgency and violent c on f l i c t i n t h e Moro dominated areas in Mindanao. “Investors view this peace agreement as a removal of the major risk of flare-up of violent political conflict and insurgency in the region. We are bullish that investments in ARMM will exceed 2-Billion pesos this year for the first time as a result,” Mastura said. In the first quarter, the RBOI-ARMM generated investments of P921.56 million from the Lamsan P o w e r C o r p o r a t i o n’s biomass renewable energy investment, P520 million from SR Languyan Mining Corporation’s million nickel ore mining project in Tawitawi and ABSCOR MultiTrading Company’s Php 10 million import and export trading business in Maluso, Basilan. Agumil Philippines Inc., a Filipino-Malaysian company engaged in oil palm milling, registered with RBOI in 2006. The firm exports its products mainly to Malaysia. It is operating an oil palm mill with a capacity of 45 tons per hour in Buluan, Maguindanao. A press statement from the RBOI-ARMM said the firm

has accumulated a sizable amount of quality palm kernels enough to process into Palm Kernel Oil (PKO) for export and Palm Kernel Cake (PKC) for animal feeds. The crushing plant project will be constructed near the milling plant and is expected to generate 500 cyclical construction workers and 54 new jobs. As id e f rom b e ing a business partner of over 6,000 oil palm outgrowers in Maguindanao and nearby areas, Agumil is also expected to put up a biomass power plant to support the energy needs of their milling and crushing plants within 2014 or early next year, with the excess power sold to the national transmission grid, the RB OI-ARMM press statement said. Agumil will be provided by RBOI with a six-year Income Tax Holiday (ITH) at the start of their commercial operations and other fiscal and non-fiscal incentives for the company’s socioeconomic contributions to the development of the region. ARMM Governor Mujiv Hataman’s support for the peace process has also helped encourage investors. The RBOI-ARMM press statement quoted Hataman as saying that they are “spending heavily on infrastructure programs such as roads, bridges and ports in order to make it easy for investors to bring their products to the market, not only locally but even abroad.” Hat aman’s supp os e d three-year term of office (2013 to 2016) will be cut short once the Bangsamoro Basic Law is ratified and the Bangsamoro Transition Authority takes over in preparation for the regular Bangsamoro government that is expected to be inaugurated by June 30, 2016.

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11

Publication Notice R.A. 10172 Republic of the Philippines PROVINCE OF MISAMIS ORIENTAL Municipality of Initao CFN- 0003-2014

June 2, 2014

NOTICE OF PUBLICATION In compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of the Administrative Order No. 1 Series of 2012 (IRR on R.A. 10172), notice is hereby served to the public that AMPARO A. ACUT has filed with this Office, a petition for change of first name from “ DEBIE JEAN “ to “ DEBBIE JEAN LUZ “ and correction of entry in sex from “ “ to “ “ or correction of entry in the date of birth from “ “ to “ “ in the certificate of live birth of DEBIE JEAN SALAHID ABORDO at Initao, Misamis Oriental and whose parents are MARYJANE S. ABORDO and DARVING G. ACUT. Any person adversely affected by said petition may file his written opposition with this Office not later than June 26, 2014 BWM : June 9 & 16, 2014

(Sgd.) ISAIAS A. JARALES Municipal Civil Registrar


BusinessWeek MINDANAO

12

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

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

monday|June 16, 2014

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

Mis.Or.Gov. BAMBI EMANO P R E S E N T

JUNE 28, 2014 - last day of nominations JULY 26, 2014 - Awards Night to be held at Centrio Mall Cagayan de Oro City

2012 Mindanao Business Leaders and Entrepreneur Awardees

The

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.

2013 Mindanao Business Investors Awardees

NESTLE Food Processing Industry AYALA LAND INC. Housing & Real Estate Industry CEBU PACIFIC AIR INC. Airlines Industry COCA-COLA Bottlers Phils Inc. Beverage Manufacture SAN MIGUEL BREWERY Beer Industry 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

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

ENTRY REQUIREMENTS: 1.

2. 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

BUSINESSWEEK MINDANAO ADS & PROMOTIONS Tanlleh Bldg., Abellanosa St. , Consolacion st., Cagayan de Oro City

For inquiries Contact: DANTE M. SUDARIA, Chairman ALLAN MEDIANTE, Exec. Director 09177121424 09353370560

Also brought to you by:

THE YANSON GROUP OF COMPANIES


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