BusinessWeek MINDANAO
COMING SOON!
TARPS
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 001
X
Market Indicators
As of 6:20 pm june 26, 2015 (friday)
FOREX
PHISIX
US$1 = P45.08
7,622.05
5
X X Briefly
cents
40.14 points
Nightscape MAMBAJAO, Camiguin -From stunning scenic views of the sea, sand, and spring Camiguin still has more to offer! A grand view of the night sky is how the province likes to keep its visitors busy at night, a relaxing view not only of the majestic volcano, but also of the stars and constellations. The island prides of an amazing plateau and zero light pollution, a perfect eco-destination to house an observatory to introduce the universe to tourists and locals alike. Sangguniag Panlalawigan member Raquel B. Ranara said this will provide opportunity to increase people’s awareness on the unique balance of the universe.
Misocc to Food Expo OROQUIETA City -- At least five food processing firms from Misamis Occidental will attend the World Food Exposition (WOFEX) in Davao City on June 25-27, 2015. These food processors will attend the technology demonstrations during the event and learn about the state of the art equipment for food processing which they need to acquire for their businesses, and for their application with the Food and Drug Administration (FDA) license to operate, Delia M. Ayano, Director of the Department of Trade and Industry (DTI) in the province, said.
www.businessweekmindanao.com
2014 ppi’S Best in ENVIRONMENTAL Reporting Mon-Tue | June 29-30, 2015
P15.00
STICKERS BusinessWeek MINDANAO Corporation
0915-563-6246
Planned railway project in M’danao under study
I
By CARMELITO Q. FRANCISCO, Correspondent
NFRASTRUCTURE projects under the Mindanao Development Corridors program have been approved for funding while a preliminary study for the biggest planned venture, the Mindanao Railway System, is under consideration, according to an official of the Mindanao Development Authority (MinDA).
Undersecretary Janet M. Lopoz, MinDA executive director, said funding for the railway’s feasibility study is “in consideration,” but did not confirm reports that the government and a foreign company have started discussing the terms of reference for the study.
Meanwhile, a MinDA report indicated that several government agencies -including the Department of Public Works and Highways (DPWH), Department of Tr ans p or t at i on an d Communications, and the National Economic and railway/PAGE 15
One Oasis CDO, the very first resort-themed, mid-rise condo development of Filinvest in Cagayan de Oro City, recently held the topping off ceremony for its Building 1, the first of five in the Asian-Balinese inspired 2.7-hectare complex development. Shown in photo during the top off ceremony are (from L to R) Mr. Jeff Gong-Cyberage Construction. Mr. Dale Lagonera-OOCDO Sales Team Head. Mr. Larry Cruz-LBC Builders. Ms. Arabelle B. Solidum -Area General Manager-Northmin. Hon. Mayor Oscar S. Moreno-City Mayor of Cagayan de Oro City. Mr. Tristaniel L. Las Marias-FVP-Vismin Cluster and Mr. Elmer Francisco-Licensed Real Estate Broker.
Politics, hindrance to All systems go for Filinvest’s proper solid waste management in CDO One Oasis Cagayan de Oro By MARK FRANCISCO, Staff Writer
By BONG D. FABE, Contributing Editor
AN official of the City Local Environment and Natural Resources Office (CLENRO) has blamed politics for the filthy mess this capital city of Northern Mindanao is in that makes it “a non-compliant city” to Republic Act 9003 or the Ecological Solid Waste Management Act of 2000. “Politics is a hindrance to the proper solid waste management [in the city],” stressed Edgar Naguio, IEC officer of CLENRO. Na g u i o b l a m e d t h e political opposition for effectively shackling the
Moreno administration from literally cleaning up the city by slashing the budget for waste/PAGE 15
CAGAYAN de Oro’s first high-rise condominium project will soon dominate its skyline and further define the rapid growth of real estate industry in the city.
Last Saturday, the Gotianum-led developer Filinvest Land, Inc. held a topping off ceremony of Building 1 of its One filinvest/PAGE 15
Get your BWM Loyalty Card NOW for only P350.00 valid for one year, and avail of discounts to more than 150 participating business establishments.
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776
BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
Economy
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 Editor: Nelson Constantino
2 MisOcc food processors attend World Food Expo in Davao YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
mon-tue|June 29-30, 2015
O
RO QUIETA City – At least five food pro cessing f irms from Misamis Occidental will attend the World Food Exposition (WOFEX) in Davao City on June 25-27, 2015. These food processors will attend the technology demonstrations during the event and learn about the state of the art equipment for food processing which they need to acquire for their businesses, and for their application with the Food and Drug Administration (FDA) license to operate,
Delia M. Ayano, Director of the Department of Trade and Industry (DTI) in the province, said. Meanwhile, these food processors include Nene’s Suman Tinambiran and Sauteed Shrimp Paste a la Bocter of Talairon, both of Oroquieta City, San Vicente Rural Improvement Club (RIC) and RIC of Colupan, both of Sinacaban, and Ellys Store of Jimenez. Nene’s Suman Tinambiran operated by Nelsie Dela Pena, a member of Paglaum Multi-Purpose Cooperative, produces the popular
RUSH SALE 12 Hectares of Land about 80% planted with Benguet/Carribean Pine Trees.
delicacy, made from sticky rice or “pilit,” which has two colors—white and violet or the “tapul” version of “pilit” and “tinambiran” or entwined from one end to another and wrapped in green banana leaves. Suman Tinambiran
had won an award in the Citibank contest of food processors. It was also the best seller in Pasundayag 2015, a Department of Tourism, region 10 (DOT-10) event, recently held at Pampanga. San Vicente RIC produces banana chips and “binangkal,”
RIC of Colupan makes bottled sardines and bottled milkfish, Ellys Store of Eurlyn A. Sereno, produces cookies and “torta,” along with its catering services, and Sauteed Shrimp Paste a la Bocter of Wilhelm V. Bocter, produces bottled shrimp fry paste (minute
shrimps or “uyap”). Ayano said they will be accompanied to WOFEX by Ni la Malon-Maap e, Senior Trade and Industry Development (TIDS) Specialist of DTI MisOcc (MLC/DTI /RCA/PIA10Misamis Occidental)
DOLE-10 employees attend moral recovery program A TOTAL of 84 employees of the Department of Labor and Employment, Regional Office No. 10 (DOLE-10) attended the annual Moral Recovery Program Levels
5 and 6 about “Pagkilos at Pabubuklod sa Puso” on 1923 May 2015 in Villa Maria Luisa Hotel, Tandag City, Surigao del Sur. Guest speakers from
the Lay Formation Center (Layforce) while the f o r m at i o n a r m o f t h e Archdiocese of Manila, were the facilitators. They were, Dr. Gaines Marie G. Rosario, Rosbert Rosario, Matt de los Santos, and Edgardo Yetyet. Spouses, Dr. and Mr. Rosario shared that Layforce attempts to cultivate,
deepen and enhance the spirituality, wisdom and servant-leadership skills of the participants (holistic Evangelization). “To date, there is an overflow of information in the head; but not enough formation of the heart. Layforce Programs employ dole/PAGE 15
Location: Patpat, Malaybalay, Bukidnon For details call Rory 09062282483
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
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
mon-tue|June 29-30, 2015
3
BusinessWeek MINDANAO
4
Opinion
2013 ppi’S Best in Business and Economic Reporting 2014 ppi’S Best in ENVIRONMENTAL Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
mon-tue|June 29-30, 2015
BusinessWeek MINDANAO
YOUR LOCAL ONLINE BUSINESS PAPER
www.businessweekmindanao.com
Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO ROSE MARY D. SUDARIA, Ph.D. Vice President for Finance
ALLAN mario MEDIANTE
Vice President for Corporate Affairs
Joe felicilda
Vice President for Administration
joe palabao
Vice President for Marketing
NELSON CONSTANTINO Editor-in-Chief
Cheng ordoñez
Alejandrae Uy
BONG FABE
gilbert y. chao
Section Editor
Executive Editor
Motoring Editor
Associate Editor
JUN AYENSA
CLIFFORD SANTILLAN Layout Artist
Regional Editor Caraga
SHIELA gosanes Advertising
ATTY. MARIO T. JUNI
Cris diaz mike baños Uriel quilinguing Contributing Editors
Cell No: 09352379999
Juni Law Office Cruz Taal St., CDO Legal Counsel
MARKETING staff manila office: Unit 310 Valero Plaza, Valero Street, Salcedo Village, Makati City; lani vallido-Marketing Manager DAVAO: JESUS P. PALABAO 0926-190-9063 / 0946-242-6672
The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463826-272-000 – VAT. Reg., and with Business Permit No. 201512879. Tel. Nos.: (088)8578447, 74-5380, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com
Member: Philippine Press Institute Oro Chamber
T
The Truth Hurts
hink a minute…Henri Latour was the greatest detective in France during the 19th century. He was a mastermind at finding evidence and clues, then fitting it all together to find the criminal and bring him to justice. But mysteriously, this living legend’s career suddenly ended. Detective Henri Latour was called to the scene of a horrible, violent crime. An old couple had been robbed and brutally murdered. The p olice had already arrested a susp ect. But shortly after studying the crime scene and evidence, Latour’s instincts convinced him that the police had arrested the wrong man. He promised the police and the family that he would find the missing pieces of the puzzle and the murderer. So began what many have called the most brilliant tracking of a criminal in the history of France. Henri Latour carefully gathered all the different pieces of evidence, one piece at a time, until he finally found his man and criminal. The newspapers praised Latour’s brilliant detective work and spread the news of his fame all over France. Then suddenly, after solving that case, Latour retired and
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
THINK
A Minute
Jhan Tiafau Hurst moved away. In fact, he lived alone for the remaining 25 years of his life. You see, it was only after he died that the true identity of the last criminal Latour tracked down was made known to the public. In his last case, Latour had refused to back down from the truth, even when his investigation revealed and proved that the murderer was none other than Latour’s own son. Sometimes the truth can be very painful. But sooner or later we each have to face it: we’ve done some things wrong in our life. And until we admit this fact to our Maker, we’ll never be free from our guilt. It’s then we realize that the price we pay of hurting our pride is nothing compared to losing our relationship
Mindanao’s booming business today and beyond
S
everal investors have been pouring their money into the biggest cities in Mindanao. Tw o o f t h e m o s t competitive cities in Mindanao - Davao City and C ag ay an d e Oro – have a very high economy indicator today. An indication that even if there is a global economic melt-down, capitalists are exploiting the bullish trade opportunities that these two cities are posing to them at present. Giant companies are optimistic about the local business environment in these cities. Cagayan de Oro City , the “Gateway of Northern Mindanao” the capital city of Misamis Oriental and Region X is the center of business and industry of the region. Today it is enjoying an unprecedented boom in several industries. Predictions point to a very promising future for all kinds of businesses. Prom ine nt inve stors such as Henry Sy’s SM and Ayala are now racing for prominent locations of their establishment. SM has already situated one of it s bi g ge s t m a l l ( i n Mindanao) at a very choice area in Cagayan de Oro’s uptown (where high end subdivisions are sprouting courtesy of Villar’s Camello Homes; Pueblo de Oro; PhilAm Home; ABrown’s Xavier Estates and new real estate firms like Ital-pinas’ Primavera). Soon a bigger SM mall in downtown Cagayan de Oro
editorial By Allan Mediante
will rise at the site of former Coca-cola Plant along Claro M. Recto highway – a few meters f rom the giant Ayala’s Centrio Mall. Cagayan de Oro is lucky that it has several business chambers complementing the business strides of the city, such as the Cagayan de Oro Chamber of Commerce (Oro Chamber); Cagayan de Oro Filipino Chinese Chamber of Commerce ; Misamis Oriental Filipino Chinese Chamber of Commerce and Industry; Phi lippine C hamb er of Commerce and Industry; and Cagayan de Oro Chamber of Industries. The city has a generally peaceful and friendly business environment. The city also has several tourist attractions ranging from natural to historical and business spots of shopping centers, hotels, and restaurants. Visitors have access to all the great beaches and mountain resorts, easily, because Cagayan de Oro is the entry point of Northern Mindanao . O n t h e ot h e r h an d , Davao City is linked by air or sea to major destinations in the country, or by land via the Philippine-Japan Friendship highway. One hallmark of a sound business investment are its excellent facilities like the
Davao International Airport which is one of the busiest airports in the country and which also serves as gateway to the East Asean growth area, and has direct flights to Singapore and Indonesia. Access to the 20-million market of Mindanao and t h e 5 6 - m i l l i on m ar ke t of t he BIMP-E aga are provided by Davao’s modern infrastructure and facilities. Ty p h o o n - f r e e , t h e city offers conducive atmosphere for business, leisure, agriculture and other tourism activities. Davao City has been hosting conventions and forums with support from regional centers and headquarters of government and private agencies, whose scope of operation covers Southern Philippines or the island of Mindanao. This is why it is considered the capital of Mindanao, and considered as the financial center, with about 1,200 institutions of as banks, non-bank financing, and lending agencies. Big businesses has been pouring investments in the city, such as recently, the , Robinsons Cybergate ; the Abreeza project of Ayala Land Inc. and Anflo Group of Companies. Property developers are building new establishments such as condotels, and condominium units rising
left and right and units being sold fast and easy. Big hotels are also on the rise for domestic and foreign tourists. Big developers, like Filinvest Land Inc., Ayala Land, Camella Homes, DMC I of t he C onsunj i Group, Landco Pacific, are very enthusiastic on the market. In the island garden city of Samal, 10 minutes by boat from Davao City, developers are building state-of-theart high-end residential resorts. The shoreline of the city, with its white sand and marine resources, saw the sprouting of most modern villas, resorts, hotels and other modern structures. Mega-developers have started projects to lure even expatriates who want m ay c o m e h o m e f r o m foreign countries. They are providing amenities to lure buyers like Holiday Garden Island Development Corp., with its 10-hectare Holiday Ocean View project, and a modern marina. Filinvest Land Inc is also building facilities aqua sports, like hobbie sailing and other related facilities. The Landco Pacific Corp and Anflocor Management and Investment Corp. is building a 33-hectare project setting up a beachfront to attract buyers. The strongest drivers of Mindanao’s economy however, are the small and medium entrepreneurs. In the total investments in Mindanao, the equity share shows that 75 percent of funds are from local investors.
Revisiting the Bangko Sentral ng Pilipinas Charter
T
his July 3, the Bangko Sentral ng Pilipinas will be 22 years old. When the architects of our legislature enacted R.A. 7653, which was signed into law by then President Fidel V. Ramos, they envisioned “an independent central monetar y authority” that would “discharge its mandated responsibilities concerning money, banking and credit”. R.A. 7653, defined the primary objective of the Bangko Sentral as follows: “to maintain price stability conducive to a balanced and sustainable growth of the economy.” BSP was also tasked to“promote and maintain monetary stability and the convertibility of the peso. ” O ver the years, BSP has performed its legal responsibilities well above expectations. The awards conferred on Governor Amando M. Tetangco, Jr. (and even his predecessors Gabriel Singson and Rafael Buenaventura) and the BSP as an institution are a testament to how well the BSP has discharged its mandate. Surveys after surveys have
confirmed BSP’s status as one of the most, if not the most, respected public institutions in the country today. But 22 years after the Bangko Sentral ng Pilipinas was established , the financial landscape has significantly changed. Even our legislative leaders acknowledge that “the economic milieu in the Philippines has changed, globalization has increased the integration of financial markets and the scope of operations of financial institutions has evolved.” Thus, it is about time that the Bangko Sentral ng Pilipinas be retro-fitted or upgraded, so to speak, to enable it to adequately cope with the changes and maintain its global competitiveness. With these in mind, both Speaker Feliciano Belmonte Jr. (together with co-sponsor Nelson Collantes) and Senate President Franklin Drilon have introduced separate proposed amendments to the BSP charter. In a nutshell, the proposed amendments seek to: 1. Strengthen BSPs monetary stability function 2. Strengthen BSPs financial stability function,
and 3. Strengthen BSPs corporate and financial viability. All very well said. At that time, it WAS re-assuring that President Aqu i n o i n c lu d e d t h e amendment of the BSP charter as one of the priority bills during the second regular session of the 16th Congress. I speak in the past tense because after all the seemingly interminable media-hugging investigations conducted by both houses, the really important task of revisiting the BSP charter has been relegated to the background. As crafted by Messrs. D r i l on , B e l m ont e an d Collantes, the proposed charter revisions are “camera ready” and “good to go”. What is just needed is for our legislators is to set aside some quality time to discuss BSP and act accordingly. Unfortunately, time is running out. With the onset of the election fever, we can expect re-electionists to take to the campaign trail. Those whose terms are expiring probably would have their minds elsewhere.
SPEAKING
O ut
Ignacio Bunye As one legislative observer predicts: The proposed amendment to the BSP charter is likely to join the “Mona Lisa bills” - so-called because as the popular refrain went “they just lie there and they die there”. And what a crying shame! Motor vehicle owners who like their vehicles always in tip top shape send them to shops for regular maintenance checks. After 22 years of exceptional performance, why can’t we schedule its first maintenance check for the BSP - one of the best government vehicles we have around. For feedback, you may email us at totingbunye2000@ gmail.com.
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
mon-tue|June 29-30, 2015
5
BusinessWeek MINDANAO
6
Community
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
mon-tue|June 29-30, 2015
Investments in NorMin up P2.41-B in 1Q of 2015
Barangay B.A.M.B.I at Tuod, Manticao.
photo courtesy of governor bambi emanao facebook page
Cagayan De Oro residents wary over release of crime suspects
C
AGAYAN DE ORO CITY – Local law enforcement agencies have expressed deep concern over the release from jails here of 289 crime suspects while urging the residents to be on guard. Sr. Supt. Faro Olaguera, chief of the city police force, on Tuesday said that the court ordered the release of the crime suspects since the prosecution failed to “reconstitute” the cases. The local prosecution office earlier said that more than 500 criminal cases
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 Editor: Cheng Ordoñez
here have been subject of “reconstitution” after the destruction of the all the cases in late January this year. “All evidences and records of all criminal cases were burned after a fire gobbled up the city’s Hall of Justice sometime in January this year,” Olaguera said.
CAGAYAN DE ORO CITY --Total investments generated in Northern Mindanao during the first quarter of 2015 amounted to P4.73 billion, an impressive increase of P2.41 billion or 105 percent compared to the P2.31 billion generated in the same period in 2014. The quarterly report issued by the National Economic and Development Authority (NEDA) Thursday, cited Misamis Oriental as the top investment destination in the region after generating P2.78 billion or 58 percent of the total regional investment. The bulk of investments poured in Misamis Oriental included the completion of port facilities in Cagayan de Oro, construction of real estate building and expansion of a plantation in Claveria. Bukidnon ranked second
with a share of 28 percent to the total regional investments or P1.33 billion. It also took the lead among the five provinces in terms of investment growth registering a hefty increase of P1.25 billion from the P82.80 million recorded in the same period last year. The NEDA report said the growth can be credited to the volume of investments in the agri-based sector such as expansion in production and construction of facilities of some agricultural firms. Inflow of investments in Misamis Occidental also doubled from the P150.41 million posted in the first quarter of 2014 to P300.17 million in the same quarter of 2015. Such increase was noted under the servicing, infra and services, and trading Investments/PAGE 14
The local police are also apprehensive because most of the released suspects have pending cases involving robberies and illegal drugs. While the release order is temporary, the dismissal of the criminal cases filed against the suspects would become effective after the prescribed period. O l a g u e r a , h o w e v e r, warned that the suspect who would commit new crimes could face new criminal cases in court. wary/PAGE 14
MinDA to launch Cacao Double-Up Program in Butuan BUTUAN CITY - With the aim to help improve the income of the local farmers, the Mindanao Development Authority (MinDA) will be launching the Cacao DoubleUp Program on July 8, 2015 here. MinDA has partnered with the Philippine Coconut Authority (PCA), province of Agusan del Norte, city govermment of Butuan and other government agencies for the implementation of the program, it was learned.
The mentioned program is an inclusive agri-business support curriculum that targets income improvement of farmers and community enterprises by scaling-up Mindanao’s cacao production capacity to at least 50,000 metric tons (MT) of fermented cacao beans by 2020. The project was also conceptualized to help the region attain its 100,000 metric tons (MT) of cacao production by 2020, which
will be used to at least supply the 10 percent global deficiency of 1 million MT. By 2020, the country’s chocolate industry’s projected demand is expected to reach an estimated 100,000 MT of dried cocoa beans which would translate to 50- 70 million trees and 120- 150 thousand hectares of land. According to MinDA, Mindanao is responsible for approximately 90 percent of the countr y’s cacao’s production. (PIA-Caraga)
ASIA-PACIFIC REGION OF THE WORLD SCOUTS BUREAU – VICE GOVERNOR JOEY G. PELAEZ recently hosted Filipino lunch for the international guests of the BSP Misamis Oriental Council on their way to the Province of Camiguin for a meeting organized by its former Vice Governor and currently BSP Vice President for Mindanao Leo Lasacar. Composed of participants from the Asia-Pacific countries which include South Korea, Australia, Malaysia, Bangladesh, Brunei, Philippines, Cambodia, Japan and Hongkong, the delegation was headed by Mr. Jose Rizal C. Pangilinan, Regional Director of the Asia-Pacific Region of the World Scouts Bureau. Chairman Lee Bokyie (lower right photo, left) of Jeonnam Council of the Korea Scout Association and Chairman Rajalingam Ramasamy (lower left photo, extreme left) of the Asia-Pacific Region Sub-Committee on Adult Support give Vice Governor Pelaez a token during the traditional exchange of gifts among Scouts worldwide.
BusinessWeek MINDANAO
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 Editor: Nelson Constantino
CorporateWorld 7 AirAsia boss casts other work aside amid accounting worries Puregold set to acquire another grocery chain 2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
mon-tue|June 29-30, 2015
AIRASIA Bhd. boss Tony Fernandes has told staff and analysts he will spend more time working on the budget airline and put his other business and sporting interests to one side, after a report questioning the company’s accounts sent its share price tumbling. The chief executive has said his other work will take a back seat as he focuses on repairing the financial damage done to Asia’s largest low cost airline, according to analysts and two AirAsia executives who spoke to Reuters on condition of anonymity. Analysts covering the airline say Mr. Fernandes told them that he, and his long-term business partner Kamarudin Meranun, would become more hands on. “ Tony t o l d u s i n a conference call last week that he and Kamarudin will take a back seat to everything else and focus on AirAsia,” said Mohsin Aziz, a Maybank Investment Bank analyst in Kuala Lumpur. “He’s back, and he’s getting more involved in many of the decisions,” added one executive. Ai r As i a d e cl i ne d to comment on the matter while Messrs. Fernandes and Kamarudin did not respond to Reuters enquiries.
Mr. Fernandes, one of Asia’s best known corporate leaders, has built a sprawling business empire over the past decade that includes English football club Queens Park Rangers, a hotel chain and an insurance business. That has led to concerns among some AirAsia staff that he was spending too much time away from the airline just as it was expanding in Japan and India and facing an increasingly competitive landscape in Southeast Asia. AirAsia is the worstperforming airline globally out of mid- and large-cap stocks so far this year, its share price falling losing more than 40% to give the carrier a market value of 4.5 billion Malaysian ringgit ($1.20 billion). Some executives said he delegated most of the running of the company to the heads of the group’s individual airlines and that he was in the office less-and-less. Wo r r i e s a b o u t h i s absences were exacerbated after a June 10 report by little known GMT Research said AirAsia uses relatedparty transactions with lossmaking associate carriers to boost its earnings. AirAsia shares are down 24% since the report was published. airasia/PAGE 15
P
UREGOLD PRICE Club, Inc. is nearing a deal to buy a grocery chain -- its second acquisition for the year -as the Lucio L. Co-owned retailer eyes to sustain the opening of 25 Puregold stores within the next five years. On the sidelines of the company’s stockholders meeting in Alabang on Fr i d ay, C o s c o C apit a l, Inc. President Leonardo B. Dayao said the country’s s e c ond l arge st g ro c e r y operator is shelling out P800 million to P1.4 billion to buy a firm operating nine supermarkets, depending on the final valuation. “We expect to close one more within the year. It’s close to finalization,” said Mr. Dayao, formerly the president of Puregold. The target company will increase sales by 4%, he said, but declined to name the firm or where its stores are located. “It will give us presence in areas where we are not yet heavily represented,” Mr. Dayao said. The deal would mark Puregold’s second acquisition this year after it purchased
nine supermarkets owned by NE, Inc. in February. From 2015 to 2019, Puregold is rolling out 125 new stores -- equivalent to 25 stores every year -- to bring its total branch network to 358 stores, excluding acquisitions, Mr. Dayao said. The company was operating 233 Puregold stores at end-December last year. Puregold has been targeting to open 25 new stores every year since 2012. At e n d - M a r c h , t h e company had 254 stores comprising of 237 Puregold stores, nine S&R Membership Shopping stores and eight
S&R New York Style Pizza stores. Likewise, Puregold is expanding S&R Membership Shopping with the opening of a store in Nuvali, Laguna this year and three more stores next year, Mr. Dayao said. For the rest of the year, the retailer is accelerating the launch of Lawson convenience stores, in partnership with Japan’s Lawson Asia Pacific, Inc., to hit its 50-store target. It has only opened four stores since introducing its first store in March. Asked if Puregold could reach its target of opening 50 Lawson stores this year,
Mr. Dayao said: “Best effort,” adding that 20 sites have already been secured. Cosco is evaluating 30 commercial buildings owned by the company, which has Puregold as its main tenant, for possible conversion into community malls, Mr. Dayao said. The holding f irm is beefing up its community mall business with the construction of a four-story building in Binan, Laguna. It is renovating community malls in San Jose, Tarlac and Baler, Aurora, which were acquired from NE. puregold/PAGE 15
BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
8 mon-tue|June 29-30, 2015 YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
9
2014 ppi’S Best in ENVIRONMENTAL Reporting
mon-tue|June 29-30, 2015
10
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
mon-tue|June 29-30, 2015
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
Billboard
mon-tue|June 29-30, 2015
11
Cherry Mobile launches smartphone brand CUBIX to be sold exclusively in Lazada
M
ANILA, PHILIPPINES - From the company that created the Cherry Mobile Brand, Cosmic Technologies Inc. is officially launching their first exclusive online brand, CUBIX. With the growing shift towards e-commerce, the CUBIX aims to become a significant contributor in the growing online market. Amid staggering numbers in smartphone users and improved connectivity, consumer lifestyle has changed drastically. Consumers are provided with better and more affordable smartphones with the benefit of effortless online shopping. Cosmic Technologies Inc, has partnered with Lazada for retailing CUBIX to online
customers. “We believe that Lazada has the right e-commerce strategy and expertise to help bring awareness to the Cubix Brand. We are also confident that with the strong logistics capability and the wide cash-on-delivery network, CUBIX will be enjoyed by Filipinos nationwide,” says Maynard Ngu, President and CEO of Cosmic Technologies, Inc. “Cosmic Technologies, the makers of Cherry Mobile, has been our partner since Lazada started in the Philippines and with the launch of CUBIX within the Cosmic Technologies family their first exclusive online brand. We at Lazada are very much excited to be part of this milestone and bring CUBIX to Filipinos nationwide,” says Inanc
Balci, CEO of Lazada Philippines The CUBIX is an opportunity for Cosmic Technologies to increase its target consumers specially those looking for their next smartphone. Starting June 26 at 12 Noon, customers may purchase the CUBIX CUBE exclusively on Lazada for only P4,490 via www.lazada.com.ph/ cherry-mobile-cubix/. It runs on Android KitKat with a 5” HD On Cell Display, and has a 13MP
Rear Camera and a 5MP Front Camera. With a 1.4 GhzOcta Core Processor and 16GB ROM and 2GB RAM. All CUBIX CUBE devices will have the Lazada App which enables online consumers to purchase other items from the convenience of their mobile device. About Lazada Lazada(www.lazada. com.ph) is Philippines’ largest online shopping mall and is pioneering e-commerce by providing
a fast, convenient and secure online shopping experience combined with an extensive product offering in categories ranging from mobiles & tablets and consumer electronics to household goods, toys, fashion and sports equipment. Lazada is continuously striving to offer its customers the best possible shopping experience with multiple payment methods including cash on delivery, extensive warranty commitments and free
returns. Lazada mobile applications for Android, iPhone and iPad provide additional convenience to its consumers’ allowing them to shop anywhere, anytime. For more information, please visithttp://www. lazada.com.ph. For updates on Lazada’s latest innovations, as well as activities, contests and promotions, connect with us via Facebook (https:// www.facebook.com/ LazadaPhilippines).
12
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
mon-tue|June 29-30, 2015
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 Editor: Cheng Ordoñez
Environment
BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
13
2014 ppi’S Best in ENVIRONMENTAL Reporting
mon-tue|June 29-30, 2015
Onset of rainy season poses new challenges for hog raisers
T
he onset of the rainy season brings new challenges to Philippine hog raisers, who must have a ready program not only to prevent and treat diseases associated with a wet environment but also ensure that the animals’ nutritional needs are met, according to experts from the Univet Nutrition and Animal Healthcare Company or UNAHCO. One unique approach to help hog raisers is the Vetracin Pulse Medication
Program – a combination of prevention and treatment regimens designed to reduce t he spre a d of h ar m f u l bacteria that cause animal diseases during critical seasons. Dr. Ritzelle Maria Capili, Univet Swine Business Unit Head, said the Vetracin Pulse Medication Program is a strategic medication for the control of diseases It takes careful consideration of the optimum periods when antibiotics with vitamins should be administered.
“ It i s c a l l e d P u l s e Medication because antibiotics with vitamins are given only during peak critical periods in the swine’s life cycle, as opposed to g iving t hem cont inue d medication all throughout,” she said Un d e r t h e Ve t r a c i n Pulse Medication Program, Dr. Capili said, suckling pigs are given Vetracin Premium when they are 7 to 21 days old. Vetracin Premium contains Vitamin A, Vitamin B12 and 11
percent Chlortetracycline and is mixed in the animals’ drinking waterqdç Then, on the 5th, 9th, and 13th weeks, the hogs are given Vetracin Gold for five to seven days. Vetracin Gold has Tiamulin, Doxycycline, Vitamin A, and Vitamin B12 that help animals fight harmful bacteria during their fast growing stage. “ The Vetracin Pulse Medication Program is focused more on disease prevention, so that hog raisers can maximize their
MGB underscores proper waste disposal to address flooding in Iloilo ILOILO CITY -- Iloilo City should work on intensifying its solid waste program to address flooding. Mines and Geosciences Bureau (MGB) geosciences
division officer-in-charge Mae Y. Magarzo said that this city is prone to flooding and its coastal areas to erosion. “When you see the (geohazard) map most of the
areas are prone to flooding because we are on the flood area and also areas that are on the river delta,” she said. Aside from ensuring that it has a proper land use plan,
the city government should look into its mitigating measures on proper waste disposal. “Iloilo City should not waste/PAGE 14
Tree planting, tagging of trees highlight Arbor Day in Zambo. City Z AMB OANGA CIT Y -- The local government through the Office of the Cit y E nv ironment and Natural Resources (OCENR) spearheaded a massive tree planting activity on Thursday in line with the nationwide observance of Arbor Day.
Dr. Eduardo Bisquera, OCENR assistant chief, said the Arbor Day observance kicked-off with a short opening program at 7 a.m. at the Mayor Cesar C. Climaco Freedom Park in Mount Abong-Abong, Barangay Pasonanca, this city.
Mayor Ma . Is ab e l l e Climaco-Salazar led the opening program as well as the city government officials and employees in the tree planting activity. More or l e s s 7 , 0 0 0 p eople joined t he tree planting since the event will
also be participated in by the different government agencies, non-government organizations, students and other stakeholders. Bisquera said they planted hardwood tree species such as narra and mahogany in planting/PAGE 14
profits from raising swine and avoid huge losses when their animals get sick or die,” Dr. Capili said. For animals that do get sick, Dr. Capili said they should be given Vetracin Ultima, which she describes as the ultimate antibiotic that eliminates harmful bacteria and treats other symptoms associated with complicated and serious respiratory diseases. She said Vetracin Ultima is a combination of the five most effective antibiotics:
D o x y c y c l i n e , Ty l o s i n , Bromhexine, Paracetamol, and Prednisolone. It should be given to sick hogs for five to seven days by mixing two teaspoons of the formula per gallon of drinking water. She said Vetracin Ultima is effective against respiratory infections like bronchitis and rhinit is, including pneumonia; gastrointestinal tract infections like swine dy s e nte r y and p orc i ne proliferative enteropathy; infectious arthritis; and erisypelas.
‘Strong’ El Nino, drier conditions loom MANILA - Government raised urgency for more water conservation nationwide despite the rainy season’s onset, forecasting even drier conditions in late 2015 and early 2016 due to droughtdriving El Nino phenomenon’s expected intensification from “moderate” to “strong” this year. “The rainy season is an opportunity to save water for drier days ahead - let’s use this resource wisely,” Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) weather expert Anthony Lucero said Tuesday (June 23)
FOLLOW WRANGLERPH
on the side of a climatebriefing in Metro Manila. He said people must grab such opportunity as rainy conditions this year would likely prevail until September only. “We expect the country to experience a long dry period afterwards,” he said. Lucero attributed such expectation to international climate models’ latest outputs, which indicate El Nino will further intensify later this year and persist until 2016’s first quarter. Such intensification will likely approximate the 1997el niÑo/PAGE 14
BusinessWeek MINDANAO
14
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
mon-tue|June 29-30, 2015
El Niño... from page 13
1998 El Nino that ravaged the country, he warned. Experts already cited the 1997-1998 El Nino as the strongest to affect the country during the 20th century. They said such El Nino was worse than its 1982-1983 counterpart which caused an estimated USD 13 billion in global damages. Philippine damage from the 1982-1983 El Nino reached some USD450 million, they also said. “Expected intensification of El Nino and the fact that this phenomenon is already prevailing and affecting us compounds the problem so we must prepare accordingly,” said Lucero. In a statement released Tuesday, PAGASA reiterated its call for government agencies to take precautionary measures against El Nino’s negative impacts. The best time to save water is while the rainy season is in progress, PAGASA also said in its statement. Despite the El Nino prevailing at present, PAGASA still forecast an average 11 to 16 tropical cyclones (TCs) within the Philippine Area of Responsibility during the June-December 2015 period. Of such number, Lucero said PAGASA expects one TC this month, three to five TCs in July, two to four TCs in each of August and September, two to three TCs in October, one to two TCs in November and zero to one TC in December. PA G A S A A c t i n g Administrator Dr. Vicente Ma lano noted t hat t he occurrence of El Nino doesn’t reduce the number of TCs expected in the country. El Nino affects TCs’ intensity and direction, however, he clarified. “We’re not discounting the possibility of seeing very strong TCs towards 2015’s end,” he said. He also said TCs during El Nino tend to recurve n or t hw a rd s i n s t e a d of crossing the country. O n e a r l y Tu e s d a y,
Investments... from page 6
particularly in the expansion and construction of school amenities and commercial establishments. Investments in Lanao del Norte and Camiguin accounted P294.47 million and P18.59 million, respectively. Investments poured in Lanao del Norte were mostly from the ser vicing, infra and services, and trading sectors, including the expansion and construction of facilities of business entities and the establishment of a logistic company. By sector, more than half of the regional investments were poured along the infra and services sector equivalent to P 2.61 billion. The agribased sector followed with P958.16 million or 20.25 percent share. The ser vicing sector
PAGASA announced onset of this year’s rainy season. PAGASA said rainfall data from its weather stations already warranted such announcement. Intermittent to continuous rains and thunderstorms associated with southwest wind flow will affect Metro Manila and other areas in the country’s western portion, PAGASA said in another statement released Tuesday also. “With the rainy season’s onset, it’s likely that areas affected by below-normal rainfall conditions will improve in the coming months specially in northern Luzon,” PAGASA also said in the statement. PAGASA said onset of rainy season in the country is usually between the second half of May and first half of June. Delayed development of the rain-driving southwest monsoon or ‘habagat’ led to late onset of this year’s rainy season, noted PAGASA. L ate development of ‘habagat’ and below-normal rainfall are the prevailing El Nino’s impacts on the country, PAGASA added. (PNA)
Planting... from page 13
Mount Abong-Abong. The observance of the Arbor Day is held every year pursuant to City Ordinance 281, which declares June 25 as Arbor Day na Ciudad del Zamboanga (Zamboanga City Arbor Day). Me a nw h i l e , S a l a z a r also led the tagging of nine century and heritage trees in Barangays Upper Calarian and San Roque during the observance of the Arbor Day. Century trees are trees identified to have lived for more than 100 years. Heritage trees are important trees, which have not yet reach 100 years old, but are ecologically, historically, and culturally valuable, or belonging to rare species or near a water source. The tagging is pursuant to City Ordinance 431, accounted for 9.8 percent share amounting to P465.24 million while investments along the forest-based sector accounted for 7.7 percent at P637.89 million and the trading sector accounted for six percent at P285.32 million. (PIA-10)
Wary... from page 6
Supt. Lemuel Gonda, head of the local police operations, said that the city’s police office have started coordinating with the city and provincial jail officials to get a profile of the release suspects. “A profile is very important so that the local law enforcers could track the suspects who were released because their criminal cases have been temporarily dismissed,” Gonda said. He said that each of the
otherwise known as the Century and Heritage Tree Ordinance. Bisquera said that a total of 130 trees were tagged as century trees while 54 as heritage trees from 2009 to 2014. He said the tagged trees included teak, acacia, narra, agoho and siar. (PNA)
Waste... from page 13
be suffering anymore from flooding because it has its flood control system. The only thing that causes flood is the clogged drainage system,” she said. On Tuesday, the Mines and Geosciences Bureau (MGB) in Western Visayas
gathered officials of this city’s 180 villages for an infor mation, e ducat ion and communication (IEC) campaign on its detailed geohazard (rain-induced landslide and flooding). Magarzo said that they are done with the conduct of the geohazard mapping with a 1:10,000 map scale although the result is yet to be approved by their central office. They are currently intensifying their IEC to update concerned local government units of the preliminary results. The IEC was already done in Lezo and Malinao in Aklan while another one is slated in Kalibo this June 26. (PNA)
VISIT OUR WEB PORTAL
Congratulations
BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
2014 ppi’S Best in ENVIRONMENTAL Reporting
On your 6th year Anniversary! Greetings from:
ATTY. VINCENT PELAEZ Board Member Misamis Oriental
10 police sub-stations in Cagayan De Oro City would have a profile of the criminal cases of the released suspects so that it would be easier to monitor them. Gonda also advised the local residents to be wary of the presence of the released suspects as Cagayan De Oro City have started preparing for the annual fiesta come August. Provincial Jail Warden Dominador Tagarda, of Misamis Oriental, said that 12 suspects facing charges with robberies and illegal drugs were set free because the prosecution failed to reconstitute their cases. More than 289 inmates
in the city jail in Lumbia Rehabilitation Center and the provincial jail here, who are facing criminal cases, have found temporary freedom from January to May this year. The prosecution office here has given complainants and lawyers of the criminal cases here three months or until May to reconstitute the criminal cases, otherwise the suspects would be set free. Lawyers in cases involving civil cases, however, have reconstituted the cases because the complainants have the records while the courts keep the records of criminal cases, particularly the evidences. (PNA)
Do you teach or do you Educate? By ROY H. LUMBAN Lapasan National High School T-I
Do you teach or do you e d u c at e ? A q u e s t i on needs to ponder on every educator on how we make inf luences on students lives and in the learning process. In Proverbs 22:6 says, “Train up a child in the way he should go, And when he is old, he will not depart from it”. Teachers as the second parent of the students play a vital role in molding their character and well being. Teachers’ role does not limit on imparting knowledge, but building good foundations of students holistic development. Teaching and e ducat ing are not synonymous. The Oxford dictionary defines teaching as explaining something or giving information while educating deals mainly on giving intellectual, moral, and social instruction. Part of the roles and functions of being a teacher is to plan out lessons, mastery of the subject matter, gave quizzes, and explaining the lessons well. I learned t hat as a te acher, you are not there just only to teach, you are there to facilitate the learning process. Teaching means a teacher is doing the act of teaching; learning means students are doing the act of learning. To facilitate the learning process t h e t e a c h e r s mu s t b e resourceful and innovative in giving quality education to the learners. Teacher’s function is to concentrate on cre at ing a f r iend ly classroom climate to facilitate self-initiated
learning and giving what is best for our students. I l e ar ne d t h at a s a teacher we must value the essence of educating the learners. Students learning success are not limited to passing grade, but its learning the totality of the whole being. Educator as we are sees learning for students as lifelong and holistic. A teacher’s duty is to produce students with a high sensitivity value of identity, find meaning and purpose of their existence. I also realized that our job is to impart life knowledge: the lessons we teach to the students are being integrated with values integration and the lifelong learning skills that will support the child with a solid foundation through adulthood. We can make it if we believed we can do it. Life is a matter of choice; we can make changes if we aspire for it. If given the chance to make changes in the lives of the students, I will not just be in the classroom to teach the students, but educate them to become a better person who can be a catalyst for change in our society. Changing the lives of the students is one of t he g re ate st achievement a teacher could give. According to Socrates “Education is the kindling of a flame not the filling of a vessel” Indeed teachers as an educator serve to motivate and to encourage the students to attain greatness and see the best out of them.
Republic of the Philippines AUTONOMOUS REGION IN MUSLIM MINDANAO Province of Lanao Del Sur MUNICIPALITY OF MASIU OFFICE OF THE MUNICIPAL CIVIL REGISTRAR R.A. 9048 AND 10172
MAY 20, 2015
NOTICE TO THE PUBLIC In compliance with the publication requirement OCRG Memorandum circular No. 2013 – 1 guidelines in the implementation of the administrative order no. 1. Series of 2012 noticed is hereby served to the public that SALIC D. MACARAMBON has filed with the office petition correction the GENDER and the First name of mother from NORHAYA TO NORHATA whose parents are NORHATA M. H. RASHID and SALIC D. MACARAMON. Any person adversely affected by said petition may file his written opposition with this office not later than July 7, 2015
(Sgd) AMRON D. MACABANGKIT Municipal Civil Registrar
BWM: June 29 & July 6, 2015 R.A. 9048 AND 10172 Republic of the Philippines AUTONOMOUS REGION IN MUSLIM MINDANAO Province of Lanao Del Sur MUNICIPALITY OF MASIU OFFICE OF THE MUNICIPAL CIVIL REGISTRAR MAY 20, 2015 NOTICE TO THE PUBLIC In compliance with the publication requirement OCRG Memorandum circular No. 2013 – 1 guidelines in the implementation of the administrative order no. 1. Series of 2012 noticed is hereby served to the public that CASAN MAMAILAO UNDA has filed with the office petition correction the Year and whose parents are __________ and __________. Any person adversely affected by said petition may file his written opposition with this office not later than July 7, 2015.
BWM: June 29 & July 6, 2015
(Sgd) AMRON D. MACABANGKIT Municipal Civil Registrar
BusinessWeek MINDANAO
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
mon-tue|June 29-30, 2015
Railway... from page 1
Development Authority (NEDA) -- have given their approval for various key projects identified under the Corridors program. Among these projects are the Panguil Bay Bridge, approved by NEDA and with the detailed engineering now finalized, P9.5 billion worth of flood control projects for Central Mindanao to be funded by DPWH, and several road projects identified through the support of the Asian Development Bank and the Japan International Cooperation Agency. The Mindanao Development Corridors program is part of the Mindanao Peace and Development Framework Plan 2020 and forms part of the Midterm Updated Philippine Development Plan 2011-2016 as an Accelerated Infrastructure Development initiative. “Logistics and other support projects are necessary for Mindanao to be fully developed and, with the implementation of other key programs including the inclusive growth initiatives, we hope that Mindanao will not be left behind in the development of the country,” Ms. Lopoz told BusinessWorld. MinDA is pursuing its inclusive growth initiative is in partnership with the Philippine Business for Social Progress. The latter is tasked with helping entice investors to locate in the southern island while the former will facilitate the setting up of ventures through linkages with local government units and pushing for the necessary infrastructure. The Corridors program identifies three clusters within Mindanao: the northern corridor as the gateway to the domestic market with its heavy industry, including the Philippine Veterans Investment Development Corp. Industrial Authority; the western corridor as trade link to the Brunei-IndonesiaMalaysia-Philippines-East ASEAN (Association of Southeast Asian Nations) Growth Area and main source for fisheries products, rubber, mango and coconut; and the south-central corridor as food basket, agricultural and transportation hub, and center of biodiversity and eco-tourism. Ms. Lopoz said a new cluster covering the proposed Bangsamoro territory could be defined later on. At present, the Autonomous Region in Muslim Mindanao, which will be replaced by the new Bangsamoro entity when the draft Bangsamoro Basic Law is passed by Congress, is classified under the western corridor.
Waste... from page 1
the proper implementation of RA 9003. “Their slashing the budget in solid waste management in the city is a manifestation of the opposition’s disinterest in solving our garbage problem,” he said during the Ecological Solid Waste Management workshop for Barangay Carmen. Carmen is the biggest and most populous of the 80 barangays of Cagayan de Oro. It hosts several hospitals, schools and business establishment. The barangay also hosts the Carmen Public Market, one of the main sources of garbage that are dumped in the city’s landfill that is also located in the barangay. The members of the political opposition who composed the majority in the City Council are doing all they can so that Mayor Oscar Moreno will fail in implementing its plans, programs and projects to sabotage his chances at winning a second term next year. “They are afraid that if the city has all the budget it needs to implement its programs and projects, Mayor Moreno might
become famous. They don’t want that to happen because they are still hoping the former mayor will come back and rule the city again, so they are doing everything they can to derail this administration,” he said in the vernacular. RA 9003 was approved on January 26, 2001 and implemented beginning February 16, 2001, but “we cannot see the effect of the law here in Cagayan de Oro,” he observed. This is because like any other laws local or national, RA 9003 is not implemented in the city because of several factors, such as (1) the leaders do not understand the law; (2) leaders are not interested in implementing the law; and (3) lack of political will. All three factors are the hallmarks of the previous administration, under Vicente Emano who despite ruling the city as mayor from 19982007 and 2010-2013 and as vice mayor from 2007-2010, has not created nor convened the City Solid Waste Management Board, a clear violation of RA 9003. “It was only created when Moreno became mayor in 2013,” Naguio said. Section 12 of RA 9003 mandates the formation of the City Solid Waste Management Board which is empowered to “prepare, submit and implement a plan for the safe and sanitary management of solid waste generated in areas under its geographic and political coverage.” Also during the Emano administration, the city’s landfill located in Sitio Upper Dagong in Barangay Carmen has been ordered closed by the Environmental Management Board (EMB) of the Department of Environment and Natural Resources (DENR) for not complying with RA 9003. The city’s 17-hectare controlled dumpsite/landfill in Upper Dagong continues to operate beyond its designed capacity of 1.10 million cubic meters of garbage despite an issuance by EMB on June 2, 2010 of an Authority to Close (ATC). CLENRO estimates the volume of garbage dumped there are now more than 4 million cubic meters. The continued usage of the Upper Dagong controlled dumpsite/ landfill is a clear violation of RA 9003. Section 37 of the law states that “no open dumps shall be established and operated, nor any practice or disposal of solid waste by any person, including LGUs, which constitutes the use of open dumps for solid waste, be allowed after the effectivity of this Act: Provided, That within three (3) years after the effectivity of this Act, every LGU shall convert its open dumps into controlled dumps, in accordance with the guidelines set in Section 41 of this Act: Provided, further, That no controlled dumps shall be allowed five (5) years following effectivity of this Act. RA 9003 is now 14 years old since it was enacted in 2001. CLENRO chief Edwin Dael said in a forum earlier this year that the landfill was supposed to be closed in 2006 yet. But the previous administrations failed in securing the necessary documents, one of which is the Environmental Compliance Certificate, for the establishment of a sanitary landfill in Barangay Pagatpat. The 37-hectare land in Sitio Pamalihi in Pagatpat was bought during the Emano administration. Detailed engineering design, land assessment, feasibility studies, and various tests, etc. for the Pagatpat sanitary landfill were supposed to commenced this year but City Hall could not proceed with them because the City Council has not approved the proposed P30 million budget for proper solid waste management. The majority members of the City Council claimed they have not approved the proposed budget because City Hall failed to present
any program of works. But the CLENRO claimed that they have attached all program of works to the proposed budget, which is also required by the Local Finance Council (LFC) in the submission of the Annual Investment Plan (AIP) as per guidelines of the Department of Budget and Management (DBM). “Without the program of works, we cannot project how much we needed,” Naguio said. Part of the proposed budget was earmarked to cover environmental and geohazard assessments and detailed engineering design for the sanitary landfill. Despite this, City Hall is exerting efforts to “clean” up the city. Naguio expressed hopes that the political opposition will realize that “[improper] solid waste management is a global problem second only to climate change.” (Bong D. Fabe)
Filinvest... from page 1
Oasis Cagayan de Oro City condominium project located at a 2.7-hectare complex in Rosario Limketkai Avenue. The symbolic event indicated that One Oasis Cagayan de Oro, a P2-billion resort-themed, mid-rise condo development project by Filinvest, will be the first to complete among numerous condominium projects under construction within the metropolis. Mayor Oscar S. Moreno was on hand to grace the event thanking the Gotianum family for trusting the rapid growth of the city. “The name Gotianon is highly respected in the corporate sector in the country – from banking to finance and now to real estate and allied services,” Moreno said, referring to Andrew Gotianon Sr., the founder of Filinvest Land, Inc. FLI vice president Tristan Las Marias also attributed the business confidence to the leadership of Moreno whom he described as a person of integrity and very supportive of the investment community in Cagayan de Oro. “Completion and delivery dates are top considerations of Filinvest Land, which sets our project apart from the rest which have a 5-year lag time,” notes Ms. Ara Solidum, FLI Area General Manager for North Mindanao. To mark the occasion, FLI extended its summer promo for buyers who decide to buy before the end of the month. “We are extending our OOCDO Buyer Promo Discount to mark this occasion for those buyers who wish to avail of our offer which discounts each unit by as much as P40,000 to go along with monthly down payments of as low as P13,200 but only until June 30, 2015,” Ms. Solidum added. FLI has positioned One Oasis Cagayan de Oro as offering the quickest return for unit owners who wish to invest their savings in assets that appreciate as time goes by. Its timely delivery ensures earlier generation of steady cash income flow for its investors. The project is designed to cater to the growing demand in Cagayan de Oro and its environs for housing units especially centrally located units which are affordable, and offers quick access to key destinations in the city. Families who are looking for alternative investments for their hard earned earnings will find One Oasis with its high resale values and/or attractive rent/lease rates as wiser options than simply putting their money in the bank or buying a new car. “Like all One Oasis projects, our property manager, One Excel, is responsible for the daily management and operations of the building such as the maintenance of common areas, security, garbage
collection, attending to concerns of unit owners and the like,” said Ms. Solidum. “They are also responsible for the upkeep and maintenance of various equipment such as the sewage treatment plant, security facilities, elevators, and water cisterns.” Among the fastest growing market segments for this particular demand include businessmen seeking leasable units for rental income/investment or as a second home; OFWs looking for additional investments for their earnings, and residents looking for affordable housing which are centrally located to key everyday destinations such as schools, malls, churches, hospitals and health care facilities, among others. With the inherent synergy between one of the Philippines’ most trusted real estate developers and its partner property management company, Pro-Excel, the investor/ buyer enjoys the dual benefits of quickest project completion and quickest return on investment. Its’ leasing services ‘value proposition’ includes the convenience of having a dedicated team assist potential tenants on the unit owner’s behalf; fast take up on lease with its widespread network covering the growing demand for housing in the Visayas and Mindanao; assistance in lease administration and renewals as value added services and marketing assistance to promote and create awareness about available units for lease thereby securing your investment’s value appreciation. Strategically located in prime urban zones, Filinvest’ Oasis communities are mid-rise enclaves that allow urbanites to enjoy their own patch of green in the city. With resort-inspired amenities and refreshing landscapes, families can enjoy a convenient, laid-back lifestyle while staying close to their daily needs. Thus, one can find One Oasis Cagayan de Oro strategically located along Rosario Limketkai Avenue in Bgy. Lapasan, Cagayan de Oro City. It is just a short walk to lifestyle hubs like Limketkai Center, Ayala Centrio Mall and Gaisano City Mall and just five minutes drive to schools, hospitals, and public transport along Limketkai Avenue, CM Recto Avenue and JR Borja Extension.
Dole... from page 2
the Theology of the Heart in touching the life of every participant - (Formation). And, we hope to achieve a balance between the heart and the mind thereby encouraging the participants to live-out their learnings and experiences shared - (Transformation),” Rosario said. Level 5 on Pagkilos ng Puso talks about the right attitude that brings success to an organization. The Lay Force speakers were able to present and aid the employees in knowing their weaknesses, which could in a way make them inactive to the organization. On the other hand, Level 6 delved into ways on how to work with the hearts to attain fulfillment within and realize what they aim for a healthy organization. Sharing of personal experiences to others helped conquer any miscommunications. DOLE-10 Regional Director Raymundo G. Agravante, ensures the public and the clientele, that DOLE-10 employees are more empowered to contribute to the common good of the organization and the society. (Mildred E. Dablio, LCO/DOLE-10)
reliant on its associates -- semiindependent airlines in countries around Asia that share its branding and pay it fees to lease planes -given they owe increasingly large increasing amounts of money to the parent company. Last week the company said it expects its Indonesia unit to break even and its Philippine business to have returned to profitability by the end of this year – Reuters
15
2014 ppi’S Best in ENVIRONMENTAL Reporting
Puregold... from page 7
“We will continue to look for acquisitions of community malls,” Mr. Dayao said. It has interests in food retail through Puregold, specialty retail through Office Warehouse, Inc. and Liquigaz Philippines Corp., liquor distribution, oil storage and real estate.
Republic of the Philippines Regional Trial Court 10TH Judicial Region Branch 26 Medina, Misamis Oriental -01ST VALLEY BANK, INC., GINGOOG BRANCH EJF NO. 356-M (15) Mortgagee FOR: EXTRAJUDICIAL FORECLOSURE OF REAL ESTATE MORTGAGE UNDER ACT 3135, as AMENDED BY ACT 4118 -versusSPS. RICO & EDNA BRANZUELA, Mortgagor. x-----------------------------------------------/ SHERIFF’S NOTICE OF EXTRAJUDICIAL SALE Upon Extrajudicial petition for sale under Act No. 3135 as amended by Act 4118, filed by 1st VALLEY BANK, INC., GINGOOG Branch , mortgagee against SPS. RICO & EDNA BRANZUELA, mortgagor, with residence and postal address at Brgy. Lapinig, Municipality of Balingoan, Misamis Oriental to satisfy the indebtedness of the mortgagors to the former in the amount of TWO HUNDRED EIGHTY TWO THOUSAND FOUR HUNDRED SEVENTY PESOS & 17/100 ( P 282,470.17) Philippine Currency , including interest due, penalties and other charges excluding 10% attorney’s fees and other liquidated damages as of April 30, 2015 plus all other expenses incurred in connection with this petition and sale, the undersigned RTC Sheriff sell at public Auction on July 24, 2015 at 10:00 o’clock in the morning or soon thereafter at the Hall of Justice, RTC Branch 26, Medina, Misamis Oriental to the highest bidder for cash and in Philippine Currency, the following property with all improvements thereof to wit: Transfer Certificate of Title No.P-36448 A PARCEL OF LAND , Lot No. 3942, Cad.703-D ( Lot No. 1, CCS-10-001036) situated at Barrio Kauswagan , Municipality of Balingoan, Province of Misamis Oriental, Island of Mindanao, Philippines, described as Bounded on the North along line 3-4 by lot 10; on the NE., 4-5 by lot 11; on the SE., along line 5-1 by lot 2 and on point 1 by lot 7; on the SW., along line 1-2 by lot 8 , along line 2-3 by lot 9. All of CCS-10001036, Cad. 703-D Balingoan Cadastre. Beginning at a point marked “1” on the plan being S.00* 33’ W., 1844.85 meters from BLLM No. 1, Cad. 703-D; thence; N. 16* 35’ E., N. 45* 15’ E., N. 89* 41’ E., S. 53* 42’ E., S. 69* 00’ W.,
49.74 m. to point 2; 83.18 m. to point 3; 70.05 m. to point 4; 57.00 m. to point 3; 203.36 m. to point of
beginning Containing an area of NINE THOUSAND SIX HUNDRED EIGHT (9,608) square meters, more or less. All points referred to are indicated on the plan and marked on the ground. Bearing TRUE DATE of Survey July 15-30, 2005, executed by Geodetic Engineer Evelyn N. Bollozos and was approved on September 30, 2005.
This lot is covered by F.P.A. No. 104303-553.
In the event of failure of bidding or auction sale cannot take place for whatever reason, the same will proceed on the following working day, without further notice posting and publication. Prospective bidders/buyers may investigate for themselves the title of the herein above described and encumbrances thereon, if any there be.
Medina, Misamis Oriental, June 1, 2015. (Sgd) ELLOGENE C. ATIENZA RTC Sheriff IV
AirAsia...
The report has caused investors to question whether AirAsia is too
BWM: June 12, 22 & 29, 2015
from page 7
16
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
mon-tue|June 29-30, 2015