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

Volume IV, No. 110

Market Indicators

As of 5:57 pm june 3, 2014 (Tuesday)



US$1 = P43.81

6,800.84 points

1 cent


90.44 points


Briefly HIV victim AN official of the Overseas Workers Welfare Administration (OWWA) w o uld ext end m edical assistance to overseas workers found infected with HIV-AIDS disease. HIV-AIDS stands for Human Immunodeficiency Virus – Acquired Immune Deficiency Syndrome. The OWWA in Northern Mindanao issued the assurance on Tuesday after reports that HIV-AIDS cases in the region has grown at an alarming rate in the past three years. Harry Borres, officer-incharge of OWWA in Northern Mindanao, said that the OWWA would extend free medical assistance to any overseas worker here who might be infected with the HIV-AIDS disease.

Water project MALAYBALAY City – Two water projects implemented by the officials of the municipality of San Fernando, Bukidnon, were completed during the first quarter of this year. The projects were funded under the Grassroots Participatory Budgeting Process (GPBP) program of the Department of the Interior and Local Government (DILG), and intended for the two waterless barangays (villages) of the municipality. The villages of Matupe and Cayaga have completed their water projects in the amount of P2 million and P2.5 million, respectively. Around 442 households with an actual population of 2,230 in Barangay Matupe will now have access to potable and safe water, the local officials proudly said.

Wed-Thu | June 4-5, 2014


Hybrid scheme pushed for Agus privatization


By MYRNA VELASCO, Contributor

TAKEHOLDERS in Mindanao have been propounding “hybrid privatization schemes” that the Power Sector Assets and Liabilities Management Corporation (PSALM) may consider for the Agus hydropower complex. Instead of outright sale of the hydro assets, the schemes reportedly lodged to the Mindanao Development Aut hor ity (MinDA) and the Depar tment of Energy (DOE) include a privatization of just the kilowatt-hours that can be generated from the facilities. According to D OE sources, it was proposed

that “the net present value of the generated energy can be calculated and paid for by the bidders on payment terms to be dictated by government.” It was further explained t h at “a p or t i on of t h e proceeds can be set aside for the rehabilitation and upgrade of the plants.” agus/PAGE 11

MORNING RUSH Trisikad drivers ferry elementary pupils and parents to Matina Central Elementary School in Davao City on the first day of classes, Monday, June 2. mindanews photo courtesy of jesus tinapay

STEAG turns over school building:

Relocation area residents get help to become a self-reliant community By BONG D. FABE

VILLANUEVA, Misamis Oriental — Empowering p e opl e to m a ke t he i r community self-reliant, thus uplifting the quality of life of the residents has always been the heartbeat of the power firm STEAG State Power, Inc. (SPI). Thus when opportunities to extend assistance come along, SPI readily extends a helping hand. Without much fanfare and media pageantry, SPI turned over a 2-classroom school building to the TamBal relocation area here during a very low-key ceremony last Friday (May 30) in time for Monday’s (June 2) opening of classes for School Year 2014-2015. TamBal [Cebuano for medicine] is a conjunction of t h e n a m e s of t w o barangays from which locals

YOUTH EMPOWERMENT. STEAG State Power, Inc. Community Relations Manager Ghaye Alegrio, Dr. Cherie Limbaco, schools division superintendent for Misamis Oriental and Vice Mayor Edwin Dagasuhan of Villanueva, Misamis Oriental cut the ribbon during the simple and very low-key turn-over ceremony of the new school building of the Tambobong-Balacanas National High School in TamBal, Villanueva, Misamis Oriental.

used to reside, Barangay Tambobong and Barangay Balacanas. The school building, the newest addition to the Tamb ob ong - B a l a c an a s Nat iona l Hig h S cho ol (TBNHS), was constructed

No ‘fare hike’ in CDO By CRIS DIAZ, Executive Editor

THE Land Transportation and Franchising B oard ( LT F R B ) i n No r t h e r n Mindanao on Tuesday warned unscrupulous drivers and operators here of collecting unauthorized fare rates. LTFRB Regional Director Mandangan Darimbang issued the warning after his office received reports that some drivers and conductors have already started collecting P 8.00 fare among local commuters here. “ The LTFRB has not approved the P 8.00 fare yet since the regional office has not received any petition for a new fare hike in Northern Mindanao,” Darimbang said.

According to Darimbang, the LTFRB will still hear any petition for a fare hike in an effort to arrive at a judicious decision. He said that any decision to increase the fare rates will undergo a rigid review and public hearing. “The tedious process of studying the fare hike is necessary in order that decisions made would be affordable to the commuters and, at the same time, fair to transport operators,” Darimbang added. He said that the P 7.00 fare rate remains the only authorized fare in the city’s hike/PAGE 11

using fly ash from SPI’s coal-fired power plant. It will benefit some 96 students enrolled in Grades 8 and 9 in TBNHS TamBal was established as relocation site of hundreds of residents steag/PAGE 11

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LBP fosters sustainable livelihood to Sendong survivors LANDBANK of the Philippines (LBP) through its Gawad Kabuhayan Project in partnership with the Habitat for Humanity and the city local government allocated a total of P2.3 million worth of income generating projects

in Calaanan Relocation Site (CRS) catering to 3,600 households af fected by typhoon Sendong in 2011. During their final project monitoring visit on May 29, Catherine Rowena B. Villanueva, LBP Corporate

Affairs Department Vice President, said that LBP is doing a synergistic approach when they started the project in 2012 wherein they will be helping the community survive through funding livelihood projects such as hollow block making, food processing and transport services. “We give it a one-time fee to start kasi ang idea para ma-sustain niya, marolyo niya at maayos niya kasi hindi naman ho tayo pwedeng laging nagsusuhol lang diba. Kailangang turuan

natin silang matutuo at maghanapbuhay para naman sa kanilang ikauunlad din (We give it a one-time fee to start because the idea is for them to sustain, roll-out and manage well because it is not ideal to always give funding to them. We have to teach them to learn and earn a living for their development as well),” Villanueva stressed. To highlight the impact of the livelihood projects, Gerry Macadini, recipient of the Gawad Kabuhayan Project, said, “Ito ay isang malaking hakbang tungo sa

hangad naming tagumpay sa buhay. Kami ay binigyan niyo ng pagkakataon na magkaroon ng isang sustainable livelihood sa pamamagitan ng mga multicab na nasa labas. Masasabi namin na ito ay simula ng pagbabago sa aming buhay; from zero ngayon nagkaroon na kami.” Meanwhile, the United for Fo o d Organizat ion (UFO) reported that as of February 2014 their total assets reached to P44,206.60 from a P10,000 capital. To remind the group

on sustaining the projects, Manuel Jose Marie Infante, LBP Head for West Mindanao Branch Group, said that the recipients should uphold good governance where they should not only think merely on recording the expenses but they must also determine if an expense is necessary. As of May 2014, the Gawad Kabuhayan Project benefits 686 families in Calaanan Relocation Site and during the monitoring visit, LBP turned over three multicabs to the Habitat Homeowners Association.

Reconstituted Iligan city tourism council now back on its helm By LORRY V. GABULE, Contributor

ILIGAN City — The city of Iligan has reconstituted its tourism council to promote local tourism development. Per Executive Order No. 51-A, series of 2014, dated 31st of March 2014, city

Mayor Celso G. Regencia has reconstituted the Iligan City Tourism Council (ICTC), as such that tourism is a vital economic industry. D r. J e n n i f e r We e Tan, chairman, Northern

Mindanao Regional Tourism C ouncil, of f iciated the officers’ Oath of Office and induction of members on May 28, 2014 at the Elena Tower Inn, this city. In her message, Dr. Tan congratulated Mayor Celso G. Regencia of Iligan for reviving

the City Tourism Council, and appreciated Regencia’s enthusiasm since Iligan had been out in the Councils of Tourism nationwide. Ta n a d d e d t o u r i s m should be localized that is to develop talents among the Tourism/PAGE 11

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Aboitiz awards contract for 300MW Cebu coal-fired plant ABOITIZ POWER Corp. said a wholly owned subsidiary has concluded agreements with contractors to build a 300-megawatt (MW) coalfired power plant in Toledo, Cebu. The company said in a statement attached to a disclosure that “Therma Visayas, Inc. (TVI)... signed an engineering, procurement and construction (EPC) contract with Hyundai Engineering Co. Ltd. and Galing Power Energy Co., Inc. after two months of negotiations.” The listed power firm said TVI will be issuing a notice to proceed to conduct the engineering and detailed data collection in preparation for the construction of the P41billion plant, which is due for completion in the third quarter of 2017. The plant will have two steam turbines and two circulating fluidized bed boilers. It will create an estimated 1,500 jobs during construction and around 150 permanent jobs for plant

operations. Aboitiz Power said it will seek financing for the project with local financing institutions. “This project will assure Cebuanos that we will have adequate and competitively priced baseload power supply

in the island by 2017. This is a very important project for the Visayas grid,” the company’s president and chief executive officer Erramon I. Aboitiz said. Aboitiz Power is an arm of Aboitiz Equity Ventures, Inc.(AEV), the listed holding

firm of the Aboitiz family. In January, AEV said it allotted some P88 billion for capital expenditures (capex) this year, up from P59 billion a year earlier. The bulk of the capex -- around P78 billion -- was allocated to the power business.

wed-thu|June 4-5, 2014



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Philtown Hotel 726295 / 8564402 Fax: 723104

Apple Tree Resort & Hotel 735411 / 754525 Fax: 754497

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Casa Crystalla 8561704 / 722465 Fax: 722480

LINEMEN repair power lines in this undated photo from the Aboitiz Power Web site. Inset: map of Toledo, Cebu. --

donation, JFC and JGF have given relief assistance by donating sacks of rice to families in evacuation centers in coordination with the Local Government Units of Cavite (Cavite City, Kawit, Bacoor and Noveleta), Pampanga (San Fernando) and Bataan (Dinalupihan). As in the previous years, JFC and JGF have also turned over donations in-kind thru the GMA Kapuso Foundation, A B S - C BN Fou nd at i on , Alagang Kapatid Foundation, Gawad Kalinga and Philippine Red Cross in order to reach out to as many affected families as possible.

STRONG sales of light commercial vehicles (LCVs) have brought year- to-date sales of imported vehicles back to a positive territory although at a very modest 1 percent increase to 18,147 units from 18,018 units in the same January-July period last year. The Association of Vehicle Importers and Distributors (AVID) said that LCV sales went up 26 percent to 8,980 units versus 7,112 units in the seven month period last year. In contrast, the passenger car category suffered a negative 16 percent growth to 9,167 units from 10,906 units in the

same period last year largely due to the continuing supply gap situation. The LCV surge that propelled total growth to the positive territory was led by captivating new offerings from Chevrolet, Hyundai, and Subaru, AVID said. “The Philippine automotive industry is set to soar alongside the country as improving investor sentiments contribute to an increasingly robust domestic economy,” said AVID president Ma. Fe Perez-Agudo. Even w it h t he snai l pace recovery of developed sales/PAGE 10

By REYNALDO O SUMINGIUIT, Teacher I Pinuyak Elementary School District of Lala South Division of Lanao del Norte

Teacher I positions nationwide. The P9.52-billion release will support a specific number of Teacher 1 positions per region and thereby improves pupils/students-teachers ration in the country’s primary and secondary schools. Of the 31,335 positions, 13,738 new teachers will be hired at the elementary level (Grades 1 to 6), while 17,597 personnel are designated at the secondary level (Grades 7 and 8, YR III and IV). Region IV-A will hire the most number of teachers with 4,809 positions, followed by Region III with 3,754 and Region VII with 3,425 future hires. “Hiring more teachers is essential to the Administration’s goal of improving the teacherto-student ratio in our education

system. For a long time, Philippine public schools were crippled by a shortage of teachers who can amply guide our schoolchildren in their academic pursuits,” Secretary Florencio “Butch” Abad said. “The P9.52-billion release will give DepEd enough funding legroom to close the 33,194-teacher gap in public schools by 2015. It’s not just a matter of enhancing our public education system, but also of giving our students the chance to learn from qualified instructors who can equip them with skills that will be useful beyond the classroom,” he added. DepEd has set standards to determine teacher requirements for different levels of education, such as setting the TeacherPupil Ratio of one teacher for an ideal number of students per class: • Kindergarten: 1 teacher to 25-35 students) • Elementary Multigrade

(different levels in one classroom): 1 teacher for less than 30 students (Grades I-II, III-IV, V-VI) • Elementary Monograde (one level per classroom): 1 teacher for 40-50 students for Grades I-II; 1 teacher for 45-55 students for Grades III-IV; 1 teacher for 45-55 students for Grades V-VIII; and 1 teacher for 45-55 students for Secondary Level Years III-IV “Education continues to be the government’s best bet in empowering the poor and opening up opportunities for their future employment. Along with the implementation of the extended Pantawid Pamilyang Pilipino Program (4Ps) this year, the Administration’s work of addressing our public education gaps remains key in our bid for swift, sustainable, and inclusive growth, where Filipinos can truly benefit from the country’s economic gains,” the Budget Secretary added.



Cagayan Riverview Inn 8584245 / 729039 Fax: 8584245

Gov’t releases fund to improve pupils/student-teacher ratio IN CONSONANCE with the government’s bid to ramp up education reform in the country, the Department of Budget and Management (DBM) has released P9.52 billion in January to the Department of Education (DepEd) for the creation of 31,335 elementary and secondary teaching positions for School Year (SY) 2014-2015. This enables the DepEd to jump-start the hiring process with all positions ideally filled out by April 1, 2014, just in time for the beginning of classes this June. Based on newspaper reports, the fund is charged against the Miscellaneous Personnel Benefits Fund (MPBF) in the 2014 General Appropriations Act (GAA), the fund release will cover the fund requirements for

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Basamanggas Resort 08822-760564 Fax: 760565

Jollibee donates P2 million Sales of imported vehicles recover JOLLIBEE Foods Corporation (JFC), the country’s largest fast food chain, said it was donating P2 million for the thousands of families affected by flooding brought about by the rains from Typhoon Maring and the southwest monsoon (Habagat). T he Jol l ib e e Group Foundation (JGF), the corporate social responsibility arm of JFC, will turn over the amount to the Department of Social Welfare and Development (DSWD) to help the agency in providing assistance to affected families in critically hit areas in Metro Manila and Luzon. Aside from the monetary

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

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

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Chananthon Bed & Breakfast 8568189 / 3093095

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

Tune Hotel 8800888/8801306 Travelers Pod 8518988

Villa Paraiso Apartelle 3870419 Fax: 3870429 HONORARY MEMBERS: Dept. of Tourism 723696/726394 / 8564048 Fax: 723696 RESTAURANTS: Bigby’s Café 72-1071/857-5511/8575836 Fax: 711843 Café Laguna 8582999 Fax: 8567001 DM Villaruy Restaurant 733790 Golden Ajirang I 856-5271 Fax: 727876 Grand Caprice Restaurant 72-6955/856-2302 Fax: 72-4986 Kagay-anon Restaurant 728958 / 8563688 Fax: 8563843 / 729003 La Ilongga Restaurant 72-6183 / 857-3652 Fax: 72-4605 Max’s Restaurant 8586297 Fax: 8568264 Missy Bon Bon 8566852 / 09228606442 Fax: 8566852 SLERS Ham & Café 8551438 Thai Me Up 738424/3108424 Fax: 738424 Barkadahan Grill 8551234 La Tegola Cucina Italiana 8585959

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Values Education, Caught or Taught? Who’s Concern? By JUSTINA S. BAUL Division of Ozamiz City Cavinte Elementary School D-IV

Teaching and learning start at home. It is the role of the parents to teach their children in learning things that would be essential for them to live in this world. One of the things that parents must do is to set examples in having good morale with right upbringing to their children and to teach them the basic values as Christians. The teachers’ role of course is to teach. Teaching how to read, write and teaching the children how to think logically are things that must be taught by the teacher in the school. But, it doesn’t only focus on these things. What is Knowledge after all when they do not have the right morals and good values that a Christian should possess? Who has the great responsibility in molding the kids in this aspect? Is it the parents or the teachers? Both parents and teachers play a vital role in teaching values to the children. Comparing the old and new generation of learners, there is really a wide range of difference in terms of

the morals and values that they portray. Where did the good morals and upright values from our ancestors go? Who are to be blamed in the great impact of the low morale, attitudes and values of this 20th century generation learners? Is it the parents who failed to impart good manners and right values to their children who have direct contract with the children in which they live and sleep together the same roof? Or the teachers who failed to integrate important values to the learners in the classroom in which they stay together with the minimum of 8 hours a day? I say , values must be observed and taught at home, be enriched in school, should be practiced and be put to use anywhere in the best way possible . In this way, we can ensure the preservation of our Christian values, at the same time, more intelligent learners who are knowledge about things and have a heart that a human being ought to have.


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Coconut yield under threat CEBU City -- A regional official of the Philippine Coconut Authority (PCA) said the Philippines could lose its position as the second biggest coconut producer in the world as productivity has declined in Visayas. Dennis Andres, PCA Central Visayas manager, said northern Cebu lost 26% of its coconut production capability after typhoon Yolanda (international name: Haiyan) whipped through the central Philippines last November. This added to the 46% productivity decline in Eastern Visayas, which used to be the second biggest coconut producing region in the country. “This loss in productivity may cost the Philippines its status as the number two exporter of coconut products in the world,” Mr. Andres said in a press briefing. He said the PCA projects total losses in Cebu this year to reach P294 million, or 49 million nuts valued at P6 each. A total of 1.412 million trees were f lattened or s h e a re d , a f f e c t i n g t h e livelihood of 46,921 farmers. “It may take three to five years for the coconut industry to recover,” Mr. Andres said. The biggest loss was in Eastern Visayas, where

33.82 million trees were affected. Of the total, 15.04 million were categorized as totally damaged; 9.06 million, severely damaged; 4.98 million, slightly damaged; and 4.84 million, moderately damaged. The agency earlier estimated losses in Eastern Visayas at P16 billion. Mr. Andres said PCA efforts are now focused on doubling the production capability in areas not affected by the recent calamities. “R i g ht n ow, we are focusing our efforts on areas such as Mindanao to make up for the loss of Samar and Cebu. It’s really a big loss to our export abilities,” he said. According to Mr. Andres, the PCA has released a P49.3million Recovery Assistance fund for Yolanda (RAY) for Cebu, taken from the P2billion rehabilitation budget of the PCA. About 80% of the budget has been programmed for Eastern Visayas. The PCA recommends planting tall-variety coconut trees despite their long gestation period of 7-10 years as they are more weatherresilient. “We are also providing fertilizer subsidy to farms affected by the disaster to increase their yield,” said Mr. Andres. He said the PCA aims

to plant 449,000 coconut trees, whether transplanted or newly planted seedlings, and deliver 5,000 bags of Coco Grow fertilizer, valued at P1,000 per bag. “Within a year, the use of Coco Grow can double or triple the yield of coconut trees from 35 nuts to 70 nuts per harvest,” he added. Included in the PCA’s rehabi lit at ion prog ram are debris clearing, cashfor-work assistance, and intercropping. Mr. Andres said the PCA

has trained 179 farmers how to operate chainsaws. Under the same program, PCA has provided cashfor- work ass ist anc e to farmers who can cut fallen coconut trees. Each farmer has received P400 a day for debris clearing work while their assistants got P300. Under the intercropping program, farmers were also provided seeds and seedlings of vegetables and other crops that can be planted in coconut plantations.—(www.

SP ratifies agreement with DA for tractor project THROUGH Ordinance No. 12775-2014, the Cagayan de Oro City Council headed by Vice Mayor Caesar Ian E. Acenas confirmed and ratified the Memorandum of Agreement (MOA) entered into by and between the city government and the Department of Agriculture Regional Field Office-10 covering one unit farm tractor. The brand new 4WD t rac tor, e quipp e d w it h canopy, trailing harrow, trailer and complete tools will be used by the City Agricultural Productivity Office under terms and

conditions specified in the Deed of Donation. The donation of the tractor is a component of DA’s Agri-Pinoy Corn Program to maximize production and improve the efficiency of land preparation. Fu r t h e r, i t a i m s t o alleviate the burden of farmers in cultivating their farms and to lessen the cost of farming. The ordinance was reviewed and endorsed by the committees on agriculture and fisheries and on laws and rules chaired by Councilors Annie Daba and Ramon Tabor, respectively.

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Money supply growth stays above 30% MONEY supply growth slowed at the beginning of the second quarter but has stayed above 30 percent despite the Bangko Sentral ng Pilipinas’ (BSP) attempts to rein it in through increases in banks’ reserve requirement ratio. In a statement, the BSP said domestic liquidity (M3) expanded by 32.1 percent to P6.9 trillion in April, decelerating from the revised 34.7 percent growth seen in March. Last month’s increase was the slowest since September last year. “As in previous months, the strong M3 growth reading in April continues to reflect the broad decline in the SDA placements of trust entities compared to their levels a year ago, in line with the BSP’s operational adjustments in the SDA facility,” the BSP said in a statement. SDA refers to the central b an k’s s p e c i a l d e p o s it accounts, a tool set up to mop up excess liquidity but became local lenders’ safehaven in the aftermath of the global financial crisis of 2008-2009. But starting endNovember last year, the BSP barred banks from making i n d i v i d u a l p l a c e m e nt s – s o-called investment m a n a g e m e nt a c c o u nt s (IMAs) – in its SDA – a move that cut in half the amount

Security Bank’s stock rights issue set for sale this month SECURITY Bank said it is selling 602.83 million subscription rights for new preferred shares to raise at least P60 million next month. In a disclosure to the stock exchange, Security Bank said existing shareholders of the bank’s common stocks could buy the preferred shares through a one-for-one rights issue at an offer price of 10 centavos. Security Bank’s common shares were last traded at P123.80 each at the stock exchange. The offer period will be from June 23 to July 4. “Net proceeds shall be allocated to information technology expenditures, specifically for investment in a new data center and to the disaster recovery and business continuity management project,” the bank said in the disclosure. Regulators earlier approved Security Bank’s increase in authorized capital stock to P10.1 billion from P10 billion to accommodate up to P100 million in newly created preferred shares.

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parked in the facility. The pullout of IMAs had the unintended effect of drowning the local financial system with excess liquidity, thus forcing the BSP to hike by two percentage points so far this year the banks’ reserve requirements. The reserve requirement is another tool that has the effect of limiting lenders’ loanable amounts. This move is expected to mop up about P120 billion in excess liquidity. The continued growth in liquidity despite the reserve ratio hike has been fueled by demand for credit in the domestic economy, according to the BSP. In a separate statement, the central bank said outstanding loans of commercial banks grew faster at 20.9 percent in April, up from the 20 percent seen in the previous month. This is as loans for production activities, comprising about four-fifths of the banks’ aggregate loan portfolio, expanded by 18.9 percent in April from 18.1 percent in March. Loans for household consumption, meanwhile, grew at a slower pace of 10.7 percent from 11.7 percent in the previous month due to the slowdown in credit card loans and auto loans. This comprised the other fifth in the total loan portfolio

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during the period. “With the recent policy measures to adjust the reserve requirement of banks, the growth in domestic liquidity i s e x p e c te d to re m ai n consistent with the current pace of activity in the real

sector,” the central bank said. The central bank also express e d re adiness to further monitor monetary and credit conditions and deploy appropriate measures as necessary to ensure the stability of liquidity dynamics.

Philippine Business Bank to open 26 branches this year LISTED lender Philippine Business Bank (PBB) said it will open 26 new branches this year, mainly outside of Metro Manila as it trains its sights on growing lending to small businesses. “O u r fo c u s i s t h e SMEs (small and medium enterprises). We are very deliberate in looking for those areas where we feel

that SMEs abound. In the country side, we are going through also a very careful process of identifying which cities and provinces are developing,” PBB President and CEO Rolando R. Avante told reporters after the bank’s annual stockholders’ meeting. “I’ve been going around the country for the past six pbb/PAGE 10

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Decide Your Destiny


hink a minute…A man was cleaning his car with a special brush when a little girl who had been watching him said, “My daddy has a brush like that to clean his car too.” “Really!” said the man. “What kind of car does your daddy have?” The little girl answered: “Oh, he hasn’t got the car yet, but he’s got the brush to clean it.” Well, I suppose you have to start somewhere! The important thing is that you do get started. And to do that, we first have to decide what kind of life we want. It’s strange how many of us want to live forever, when we can’t even decide what to do with our life now! Like the guy who said: “I’m going to stop putting things off, starting tomorrow.” You see, even if others have made decisions for you, you can still decide how you’ll respond and handle the life that’s been handed to you. You still have control of your own attitudes. Happiness is an attitude and choice, no matter what situation you’re in. Remember, you can always find someone worse off than you whom you can help. It’s only when we stop looking at our own problems and reach out to make others happy, that we ourselves can be truly happy. But if you choose not to make a decision, that also

On-the-job trainees or apprentices should be given remuneration


proposed law granting a monthly allowance to trainees or apprentices in the public and private sectors is in order. Rep. Peter M. Unabia (1st District, Misamis Oriental, lamented that these trainees end up paying for the services they rendered!. It is very unfortunate indeed. To “institutionalize the granting of monthly allowance to trainees or apprentices in the public and private sectors and providing penalties for any violation thereof,” is just fair and humane. Governments must put


A Minute


IFE’S INSPIRATIONS: “… God saw how corrupt the earth had become, for all the people on earth had corrupted their ways…” (Genesis 6:12, the Holy Bible). -ooo SYS T E M AT I C A N D R E G U L A R AU DI T OF GOV’T PROPOSED: It is a real pity and, perhaps, the undeniable signs of the times, that many are now clamoring that there should now be a systematic and regular accounting of the funds that are being entrusted to all government agencies and officials, to find out how they spent those funds. This clamor seems to show that the Commission on Audit is no longer effective on this matter. Ev i d e nt ly, e ve n t h e protestations of “righteous governance” of the Aquino government has done very little to curb corruption of government funds, four years

By Jhan Tiafau Hurst

an end to this exploitative practice by institutionalizing the granting of training allowance or stipend to c ou nt l e ss and helpl e ss trainees or apprentices. While there are still good employers who provide t r ai n i ng b e n e f it s e ve n without legal mandate, several employers take advantage of the needs of prospective job applicants by availing of their services for free or worse,

charge them a training fee. The severe lack of employment opportunities in the country has compelled the public to find ways and means to gain practical experience on a particular job. K n ow i n g f u l l y w e l l how important it is for a prospective job applicant to have job experience or formal training, many employers, both in the public and private sectors, take advantage of

into the term of President Aquino, and a little less than two years before he bows out and then thrown into the dustbin of forgettable presidents of this country. One glaring example of an agency that needs to account for the funds it is receiving on a yearly basis is the Department of Education (DepEd). Imagine, all media outlets reported gross lack of classrooms, lack of books and other instructional materials, and lack of teachers in many areas, as schools opened on June 02, 2014, despite its annual P300 billion or so budget. Where have all the money gone, Secretary Armin Luistro? -ooo MAKING SURE THAT GOV’T FUNDS ARE BEING SPENT WISELY: Then, shameful though it maybe, almost all officials of other government agencies under the Aquino government need

to be audited on a regular basis, so we can be sure that the money that is being given to them as yearly budget is really spent for the country and the people. It seems that year in and year out, while trillions of money are being poured into these officials and their agencies, they cannot show anything as achievement. For example, have we heard how the intelligence funds of the Office of the President, of the Philippine National Police, and the Armed Forces of the Philippines, to name a few, were used to help victims of crimes? If the pork barrel scam did not come out, if DepEd no longer experiences, on a yearly basis, shortage of classrooms, of books and of teachers, if teachers and other government employees are given regular pay increases, if policemen and soldiers are given their regular supplies,

K ak ampi

Mo A ng Batas

By Atty. Batas Mauricio

there would be no need for any regular auditing. But, we know what is happening, r i g ht ? S o t h i s re g u l ar accounting is necessary! -ooo PNOY, JUST ANOTHER SO-SO PRESIDENT: The tragedy in all these is that, when President Aquino was voted into office in 2010 through the use of electronic machines, many believed in the sincerity of batas/PAGE 10

Not Counting The Cost

W is your decision you’ll live with. There are many smart, talented people who have never enjoyed the success they could have, simply because they could not make a decision and discipline themselves to follow through with it. Remember, if your life doesn’t change, it’s going stay the same! It’s that simple. So to move on from where you are, you must first decide where you’d rather be. If you can’t change your mind, you can’t change your life. “The moment you’re through changing, you’re through!” The great writer Tolstoy said: “Everyone wants to change the world, but no one wants to change himself.” So ask yourself right now: What’s the one decision I need to make to change my life? The smartest one you can make hurst/PAGE 10


the situation by engaging the services of a trainee or apprentice, which in most cases without providing monet ar y b enef its, t he proposal argues. It is a fact that many trainees or apprentices even end up paying for the service training they have rendered in exchange for a Certificate of Training, especially the nurses. The most common victims are our poor nurses desiring to work abroad, who pay hospitals, including government hospitals, instead editorial/PAGE 10

PNoy: Just Another So-So RP President

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

e have to learn to give everything, especially to God and, because of him, to everybody else. Let’s be convinced that this is what is expected and proper of us. Christ himself said it very clearly. “Love the Lord your God with your whole heart, and with your whole soul, and with all your strength, and with all your mind, and your neighbor as yourself.” (Lk 10,27) These divine words are actually put as an order, a command, that indicates what really is the very mind and will of God for us. They are not meant only as a desire, an ideal to keep in mind only but not so much in practice. Obviously, Christ always respects our freedom and does not impose things on us even if he commands us something. This we also have to be clear. His commands never take away nor undermine our freedom. Rather they foster our freedom. We have to learn to give our all without counting the cost. We should not be afraid

to do so, because Christ himself assures us that he who gives more shall also receive even more than what he has given. Listen to these words of his: “Everyone who has left house, or brethren, or sisters, or father, or mother, or wife, or children or lands for my name’s sake, shall receive a hundredfold, and shall possess life everlasting.” (Mt 19,28) We have to learn to give ourselves as a gift to God and to others the way God himself has given himself as a gift to us-first, our life, then our talents, etc. He gives himself to us completely gratuitously, even if we choose not to correspond to his generosity. Let us train to give ourselves to God and to others more and more each day. Let’s not be afraid of losing everything, because the contrary will actually take place. Instead of losing, we gain by giving ourselves more. In fact, what we consider as a gain by keeping things instead of giving will actually be a loss to us, or will become

a toxic and harmful element in our life. This has been proven endless times in lives of people. When we give out of love for God and others, out of our faith and trust in God’s words, we may lose something in the physical sense, but we gain something spiritual that eventually will express itself in some material form, given our body-and-soul constitution. A number of people have told me that when they are more generous with their money and other resources to help other people and especially to help in promoting the worship of God, they end up getting pleasantly surprised because they tend to receive much more than what they have given away. Even in terms of energy, what we spend certainly will diminish our stock of it. But we will notice also a surge of a certain kind of energy, spiritual if not supernatural, that simply comes out. We can be sure that it’s the grace of God that goes beyond, and even seems to defy, if need




By Fr. Roy Cimagala

be, the laws of nature. God cannot be outdone in generosity. Christ reassured us of this. “He who believes in me, the works that I do, he also shall do. And greater than these shall he do.” (Jn 14,12) These words, to me, are always a jaw-dropper. They make me wonder, as everyone most probably also would, what these things are that are greater than what Christ did. But we have to believe them, because it is Christ who said them, and he cannot tell a lie or exaggerate things beyond the objective truth. We really should try to live cimagala/PAGE 10

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Community 7 SP MISOR CREATES ADVISORY COUNCIL ON ENERGY Best in Business and Economic Reporting Philippine Press Institute Civic Journalism Community Press Awards 2013

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MISAMIS ORIENTAL – As power outages became usual and power utilities operating in the Province petition for rate increases and resets in the Energy Regulatory Commission, the Sangguniang Panlalawigan

wants to sincerely under-stand how the power sector works and how it affects lowly consumers. Co-authored by Vice Governor Joey G. Pelaez and 2nd District Board Member Emmanuel S. Mugot, Chair of

the Committee on Energy, the Sangguniang Panlalawigan created the Sangguniang Panlalawigan Advisory Council on Energy which aims to enable the Sangguniang Panlalawigan to meaningfully participate in

Misamis Oriental Governor Yevgeny Vincente B. Emano strikes a “high-five” to one of the kindergarten pupils of Hermano Elementary School in Balingasag on Monday. The Governor visits elementary and secondary schools in the province in time of the opening of school year 2014-2015 and further encourages teachers and pupils not to bully one another, so that they will not grow violent. The Governor also slates June as his visit to schools to personally listen and attend to different needs, as his administration values education. CAPITOL PHOTO

the discussions and debates in order to intelligently decide on various issues and concerns on energy. It also hopes to understand how the energy sector operates especially in the areas of power generation, supply and distribution, including power rate increases and resets which directly affect the people of the Province. The Council could also be a way to start exploring other sources of energy that are environmentally sound, stable and cheaper. The Council will be composed of the SP Committee on Energy, energy experts, consumers, civil societies, small businesses, industries, members of the academe, professionals directly involved as stakeholders in the power industry, and electric power utilities and distributors. It may also request the Governor’s alter-egos to assist the Council such as the Provincial Administrator, Provincial Engineer, Provincial Planning and Development Coordinator, Provincial Legal Officer and the Provincial Accountant. The function of the council is solely ADVISORY. It will however, provide technical advice and assistance in organizing Energy Summits and other consultative mechanisms in aid of legislation. “I am hoping that the creation of the Council will enormously

2nd District Board Member Emmanuel Mugot (left) and Vice Governor Joey G. Pelaez (right) authored a resolution creating the Sangguniang Panlalawigan Advisory Council on Energy (SPACE).

help in finding solutions to the power problems that we are facing now. Through this Council, we can inform and educate our constituents in the province in the simplest way possible on the status of our power industry. When we are able to understand, we will also be able to protect our constituents,” Vice Governor Pelaez said. Misamis Oriental is host to three (3) power generation companies namely, Steag State Power, Inc. (210MW), Mindanao Energy Systems, Inc. (110MW), and King Energy Generation, Inc. (10.6MW). Filinvest Development Corp. is currently constructing another one with 405 MW capacity. The province has also

three (3) power distribution companies namely Misamis Oriental I Electric Service Cooperative (MORESCO I (serves the municipalities of Opol, Alubijid, Laguindingan, Gitagum, Libertad, Initao, Naawan Manticao and Lugait including El Salvador City), Misamis Oriental II Electric Service Cooperative (MORESCO II (serves part of Jasaan, Claveria, Balingasag, Lagonglong, Salay, Binuangan, Sugbongcogon, Kinoguitan, Balingoan, Talisayan, Medina and Magsaysay, including Gingoog City) and Cagayan Electric Power and Light Company, Inc. (serves the municipalities of Tagoloan, Villanueva and part of Jasaan). SP COMMUNICATIONS

ROTARY CLUB OF CAGAYAN DE ORO RI DISTRICT 3870 Meeting at Seda Hotel, Executive Club Lounge, 11th floor every Thursday

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E nvironment 8 along PH to host Asia-Europe confab on Residents CDO riverbank Disaster Risk Reduction and Mngt opposed ‘mega Best in Business and Economic Reporting Philippine Press Institute Civic Journalism Community Press Awards 2013

wed-thu|June 4-5, 2014

MANILA -- The Philippines will be hosting the Asia-Europe Meeting (ASEM) Conference on Disaster Risk Reduction and Management on June 4 – 6, a Palace official said. President Benigno S. Aquino III will be the keynote speaker at the opening of the conference, said Presidential Communication Operations Office Secretary Herminio Coloma, Jr., in a press briefing broadcast over radio station dzRB Radyo ng Bayan.

“This ASEM Conference is a Philippine initiative which His Excellency President Benigno S. Aquino III announced during the 9th ASEM Summit held in Vientiane, Laos in November 2012. This initiative has been adopted by 49 heads of state and government, the president of the European Union, and the secretarygeneral of ASEAN that comprise ASEM,” said Coloma. The theme for the conference is “Post Hai-

yan: A Way Forward.” An estimated 150 senior national and local government officials, scientists, academicians, policymakers, industry and business leaders, non-governmental organizations, leaders from the private sector, and representatives of regional and international organizations from 36 countries in Asia and Europe are expected to attend the meeting. “The Philippines aims to contribute to

the new global architecture that will embody new policies and principles on disaster risk reduction management (DRRM) with the ASEM Manila Conference document to be called the ‘Tacloban Declaration.’ This is a timely development considering that the decade-old Hyogo Framework of Action (HFA) previously adopted by ASEM as the global paradigm on DRRM is about to end in 2015,” said Coloma. (www. (ag)

Kalahi-CIDSS promotes environmental protection The Department of Social Welfare and Development, through Kalahi-CIDSS (Kapit-Bisig Laban sa Kahirapan) recently conducted a thematic environmental protection and management seminar (TEMS) held at Hotel Elizabeth, Cebu City. Regional directors, area coordinators, com-

munity facilitators, volunteers, deputy area coordinators, representatives of LGUs from different regions who participated the TEMS training in 2013, shared their gains, experiences and application of TEMS through Kalahi-CIDSS implementation. Its goal is to make innovative pathways for

building community resiliency and develop communities to be equipped with knowledge on environmental responsibility. The challenge among DSWD staff regarding the “new normal” is to endeavor in building the attitude of the community to be resilient against disasters. It is also important to help the people

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develop sustainable ways that will support community growth. The seminar also aimed at providing participants a venue for knowledge sharing on different strategies in environmental management and disaster risk reduction and management (DRRM) implemented at different levels - national government, local government and community. Under the implementation aspect, DSWD Region 11 bagged the Best Practice in Promoting Community Environment and Awareness. Kalahi-CIDSS now gears up for its national scale-up within the year. The expansion of Kalahi-CIDSS to NCDDP (National CommunityDriven Development Program) will cover 847 poor municipalities nationwide. (DSWD/Julie Ace Brandon F. Ramos)

dike’ construction

CAGAYAN DE ORO CITY -– More than 200 residents living along the riverbank in the fishing village of Bonbon, who feared of losing their livelihood, have opposed the construction of the proposed P5-billion “mega dike” here, said a village official on Monday. Lope Matildo, a village official of Bonbon, said that of the 230 residents who participated in the first public consultation of the proposed construction of the “mega dike” in Bonbon last week, only 20 agreed while three residents abstained. Matildo said that majority of the residents in Bonbon are not akin to relocation, because 90 percent of the population relies on fishing and “nipa” roof waving as the major source of livelihood. “Once the mega dike is constructed, the relocation of the affected families to other places, the destruction of man-made mangrove becomes inevitable, and the existing government infrastructure in Bonbon would be demolished such as the four-year-old school building,” Matildo added. The Japan International Cooperation Agency (JICA) has agreed to finance the construction of the mega dike along the riverbanks of Cagayan De Oro City after a series of studies and consultation with the city government in 2012. Officials of the Department of Public Works and Highways (DPWH), the government lead agency that implements the infrastructure projects, has

programmed the construction of the mega dike in 2016. The construction of the mega dike would start in Barangay Balulang at the western side of the city and in Barangay Macasandig at the eastern side going to the tail-end of Cagayan De Oro River at Barangay Bonbon in the western side and at Barangay Macabalan at the eastern side of the city, DPWH officials said. The city’s urban barangays: Macasandig, Balulang, Carmen, Kauswagan, Burgos Streets, Barangays Puntod, Macabalan and Bonbon would be affected by the construction of the proposed mega dike, highway engineers said. “Definitely, hundreds of families and residents living along the Cagayan De Oro riverbanks in the east and west riverbanks would be displaced,” Matildo said. The city government created the Project Proponent "Sendong Task Force" in 2012 as part of the city government’s rehabilitation and disaster mitigation program for upcoming calamity after the typhoon “Sendong” spawned the disastrous flash flood on the night of December 16, 2011. The flash flood killed more than 2,000 people living in the riverbanks of Cagayan De Oro and Iligan City and the destruction of properties costing more than Php 2 billion. The Sendong flash flood was the worst to have taken place in Cagayan De Oro City in the last 50 years. (PNA)

n SM Men Specials up to 50% from Men's Wear Department on June 1 -30. SO SHOP NOW! Avail these exciting treats this month of June.

Cabinet members sign the Cluster "Provincial Rehabilitation Plan" for areas affected by super typhoon "Yolanda" on Friday (May 30, 2014) at the Waterfront Hotel in Lahug, Cebu City. In photo (from left) are NEDA Secretary Arsenio Balisacan, Department of Budget and Management Sec. Florencio Abad, DPWH Sec. Rogelio Singson, Presidential Assistant for Rehabilitation and Recovery Secretary Panfilo Lacson, DSWD Sec.Corazon Soliman, HUDCC Undersecretary Cecilia S.Alba, DTI Usec. Zenaida C. Maglaya. Standing behind Lacson are DILG Secretary Manuel Roxas II, Cebu Governor Hilario Davide III (4th from right), Samar Gov. Sharee Ann Tan (2nd from right), Tacloban Mayor Alfred Romauldez (leftmost) and other local government officials. (PNA photo by Avito C. Dalan)

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wed-thu|June 4-5, 2014

“Herbals that work from people who care” Certainly big words but they were readily and truly substantiated by sterling product performance, excellent quality, affordable price, and customer satisfaction by one company that started it all: HERBCARE. And the visionary behind it all that made the difference. “A great product that truly responds to the real healthcare needs of our people, marketed responsibly and at affordable prices,” is what aptly defines Herbcare Corporation, begins Lito Abelarde, Herbcare’s indefatigable Chairman. “It should serve the needs of the people, the general public. We designed our products based on the prevailing health conditions many of our fellowmen are suffering from. The diseases that are due to unhealthy lifestyle, environmental toxins and pesticide-laden food that we eat, and contribute to mounting debilitating health conditions over time like high blood sugar, joint pains, high cholesterol, low immunity, too much toxins in body, hyperacidity, chronic fatigue and life-threatening diseases like cancer.” Driven by a compelling desire to help assuage diabetics’ weakening health, Abelarde plunged into the exhaustive research and manufacture of ampalaya tea after learning that ampalaya was hailed by the Department of Health (DOH) as among the top ten Philippine herbs, vegetables with medicinal properties and remedy for known and common ailments. “The lowly, bitter Ampalaya was given imprimatur by no less than the DOH. Finally, relief is soon to come for innumerable diabetics suffering too long!” A pioneering effort Undoubtedly, Herbcare has earned untarnished rights as an industry pioneer and leader in the Ampalaya food supplement

category with a series of “firsts” that are unparalleled milestones. Herbcare Corp. is the first company to launch an FDAregistered Ampalaya food supplement product in the Philippines under the brand name “Charantia,” now a byword in the country. Charantia is also the only Ampalaya Food Supplement that the FDA has officially allowed to claim that it is “for the Diet of Diabetics.” It is also the first company in its category to put its brand under clinical scrutiny to confirm its safety and potency, and also the first and only herbal product officially endorsed by the Association of Municipal Health Officers of the Philippines (AMHOP), a national medical organization that operates the country’s health centers. In 2001, AMHOP and Herbcare Corp. jointly launched a pioneering and vigorous nationwide campaign called “Operation Diabetes” aimed at helping curb the further spread of the dreaded disease. The program helps establish diabetic clubs all over the country to act as support group to bring diabetes awareness and lifestyle reforms in the community. The Herbcare staff worked closely with these clubs, consistently supporting the needs of the members by conducting mass aerobics, fasting blood-sugar clinics, and a determined information dissemination and promotion drive. Then in March 2007, Herbcare launched another groundbreaking initiative together with the Manila Adventist Medical Center, dubbed as the “Charantia 30-Day Challenge,” where the contenders were employees or staff working in a corporate setting. “Just like Operation: Diabetes the emphasis was to help diabetics working in an office environment to learn valuable


Family relationship matters in child’s learning By MARLON P. CARIAGA, Teacher 1 Camp Allere Elementary School District of Salvador Division of Lanao del Norte

lessons on diet, exercise, lifestyle modification, weight management and blood sugar management, in close collaboration with attending doctors and nurses.” Abelarde posed this challenge to the participants: “You are what you eat. Lifestyle Diabetes or type 2 diabetes is acquired, not inherited. Therefore you can and must take full responsibility of your disease.” Charantia’s global footprint Abelarde was very singular in his focus to spread the word about Ampalaya and Charantia and its health benefits to diabetics not just in the country but other parts of the world as well. “I wanted everyone to know that finally there is a local herb that could be an adjunct to whatever medications a diabetic was taking.” In the years that followed, the market acceptance of CHARANTIA catapulted it to become one of the most accepted herbal products in the country. Very shortly thereafter, other countries around the world got word about the wonders of Charantia. In 2001, a European diabetic who was a satisfied user of Charantia opened the door to Herbcare’s first export market, which is Europe, followed by Japan when a satisfied Japanese diabetic who used Charantia came to sign an agreement with Herbcare to distribute it in Japan. Not long after, the USA, Korea, Canada, the Middle East (through a Kuwait distributor) Australia, Mexico and lately Turkey, followed suit. “It is our unrelenting desire and commitment to make Charantia known globally as a herbal product that works and help establish the Philippines globally as a reliable source for herbal products, which can help open of the doors for our country’s other herbal products to penetrate the international market.” Abelarde said that as part of their strategy to push for a

global presence, Herbcare is also actively involved in the operations of the Chamber of the Herbal Industry of the Philippines, Inc. (CHIPI) “because we believe and aspire to develop the Philippines’ herbal and natural products industry into becoming a true global force.” CHIPI is the industry association that has been pushing for a Public-Private Partnership to develop the Philippines’ Natural Products Industry. Abelarde is Chairman Emeritus of CHIPI. A long way, indeed Looking back at all that Herbcare Corp. and Charantia have accomplished, Abelarde enthuses, “We have come a long way indeed. The path had forks and winding roads but we persisted, persevered and succeeded. My vision for this country goes beyond merely strengthening the herbal industry and even beyond just strengthening our own herbal business.” The tenacity, exceptional giftedness and acumen that Lito Abelarde possesses, his unrelenting pursuit to catapult the Philippines into becoming a tiger economy will be the catalyst that will strengthen and stimulate the local natural herbal and organic health market as it ushers in new opportunities for the local herb industry to thrive and prosper. “My dream is to see all our herbal products find their place in the international market soon.” What about Charantia? “Charantia is a product built on credibility,” affirms Abelarde. “As a credible and high performing brand, we shall continue to reinforce our position in the market and help give hope to the new generation of diabetics. But of course, ethical marketing that puts consumer welfare above all, a pro-active community service remain central to our business and will continue to be our aspiration.”

Family is a first group of people a child first interact and talk to. In here, he fou nd a su r rou nd i ng wherein he first learned his first lessons. He learned through observing, listening and watching people inside this one place. It is never-ending learning in that place, that once he step out, the things that he absorbed from this place will be brought in different places he will be into in the whole day. In an educational site, it stated that that parental involvement in children’s learning is a key factor in improving children’s academic attainment and achievements. The family have a great influence to the learning de velopment of t heir children. The quality and

kind of relationship in the family affects them, as well. For an example, a good family relationship gives good impact for children could have concentration in their studies. There are no bad things that will occupy their minds. O n t h e c o n t r a r y, family full of conflict w i l l af fe c t c h i l d re n’s literacy negatively. This will further lessen child’s interest in studying and raise emotional problems that will break studying concentration. True, family is the foundation of every child’s learning. Therefore, it is the family leading members’ responsibility to build a good learning environment inside their home for it will contribute great impact to the child.

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Sales... from page 3

economies on top of gloomy global economic conditions, the Philippines is still expected to outpace its neighboring counterparts and maintain the economy’s recent momentum by growing 6-7% by year’s end anchored on strong domestic consumption and improving investor sentiment evidenced by Foreign Direct Investments (FDI) soaring by 61.6% in April. With the country’s rosy outlook and an impending 4th investment grade rating upgrade from international credit rating agency Moody’s, the local automotive industry is set to grow alongside and make a dynamic contribution to the growing economy as demand for vehicles continue to rise, Agudo said.

PBB... from page 5

months,” he added. The bank, led by former diplomat Alfredo M. Yao, s e eks to st rengt hen its position in Cebu and Davao, Mr. Avante said. Among the regional sites he mentioned as places for expansion are Cagayan de Oro, Iligan, I l oi l o, B a c ol o d, Vi g an , Dipolog, and Ozamis. The bank has 100 branches as of March, 21 of them were opened last year, according to its regulatory filings.

While he declined to give exact figures, Mr. Avante said that the bank “will outperform 2013 numbers in the SME sector.” In h is re p or t at t he stockholders’ meeting, Mr. Avante said that loans to SMEs accounted for more than 65% of the bank’s total portfolio from 2011 to 2013, growing by an annual average of 23%. “50% of the loan growth l a s t y e a r w a s at t a i n e d b e c au s e of t h e br an c h expansion,” he said. He added that each new branch costs approximately P4 million for the bank. The bank executive said he remains bullish about prospects in the SME sector despite we a k e conomic growth in the first quarter. “The first quarter GDP numb er was down, but that was partly affected by Yolanda last year. We’re still ver y upbeat on the SME market, and this is the reason why the branch expansion is focused on doing [business] outside Metro Manila,” Mr. Avante said. “We still see that segment of the market to be strong,” he added. The bank posted a net income of P112.86 million in the first quarter of 2013, a drop of 80.97% from the P593.03 million reported in the same period last year, as it was not spared from an industry-wide slump in trading gains.




is to ask your own Maker to take control of your life every day. Then with Jesus’ power, you can start making the best choices that will change you and give you the new life you want. In fact, you can decide your destiny today. Just Think a Minute…

his “righteous governance” program, to rid the country of corruption, especially because his campaign line then was “there would be no poor Filipinos, if there are no corrupt officials”. But barely two years before Aquino steps down from Malacanang, nothing has really changed. The same corruption pervades the bureaucracy, and the general perception is that, corruption has gone from bad to worse under him. Then again, the Office of the President and agencies like the Department of Justice and the Ombudsman are even perceived not only to be doing nothing about corruption, it is even coddling allies accused of plunder. What went wrong with the Aquino government? Too much hope was pinned on it by the Filipino people, yet it appears to have squandered that hope recklessly and wantonly. Its early references to spiritual direction either got dissipated, or were mere props to win over the hearts of the people. Surely, President Aquino will go down as just another so-so president of the Philippines. What a waste! -ooo REMINDERS: Please tune in: “Tambalang Batas at S omintac sa DZEC”, at 1062 kHz on the AM band, Mondays to Fridays, at 6 a.m., simulcast, real time, over; “Kakampi Mo Ang Batas sa Radyo Trabungko FM”, at 103.7 mHz in Don Carlos, Bukidnon, Mondays to Fridays, at 7 a.m.; and “Kakampi Mo Ang Batas sa DYKA” at 801 kHz on the AM band (Panay Island), Mondays to Fridays, at 10 a.m.

by faith. At the beginning, like a baby learning how to walk, we surely would be unsure of ourselves and awkward in our ways. But if we persist, then we would see that what we considered difficult or impossible is actually feasible and doable. We need to break loose from the grips of our merely human estimation of things. We have to allow the words

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Editorial... from page 6

of being paid for their services,” Unabia explained in dismay. A law enacted should e mp h a s i z e t h at It i s obligatory on the part of any employer, both in the public and private establishments, which engages the services of a trainee or apprentice to pay a training allowance equivalent to the prescribed minimum wage in a particular area. Also, no employer shall engage the ser vices of a trainee or apprentice unless a C ontrac t of Training c ont ai n i ng t he re i n t he specific job and workstation, training allowance or stipend, which in no case shall be lower than the minimum wage in a particular area, and the period of training, which in no case shall be more than six (6) months, otherwise the trainee or apprentice shall be automatically hired as a regular employee.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch I8 Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA JUDICIAL SALE RURAL BANK OF BALINGASAG, INC., FILE NO. 2014-099 Mortgagee, FOR EXTRA-JUDICIAL FORECLOSURE SPS. JONAS VILLANUEVA and OF REAL ESTATE LAZARITA VILLANUEVA, MORTGAGE Mortgagors. X---------------------------------------------/ Upon extra-judicial petition for sale under Act 3135 as amended, filed by RURAL BANK OF BALINGASAG, INC., Mortgagee, against SPS. JONAS VILLANUEVA and LAZARITA VILLANUEVA, Mortgagors, with postal address at San Isidro, Balingasag, Misamis Oriental, to satisfy the mortgage indebtedness which as of February 25,2014, amounted to THREE HUNDRED FORTY SIX THOUSAND FOUR HUNDRED FORTY TWO PESOS AND 50/100 (Php 346,442.50) including of interest and penalties but exclusive of interest and other charges which may accrue after said date; ten percent ( 10%) attorney’s fee and all other necessary expenses incident to the enforcement of the sale, the undersigned sheriff will sell at public auction on June 20, 2014 at 9:00 a.m. to p.m., at the Regional Trial Court, Branch 18,Room 117,Hall of Justice, Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the following properties described below including below including all existing improvements found thereon, to wit: Tax Declaration No. 9401704 A PARCEL OF LAND, with all improvement thereon, situated at Balagnan, Balingasag, Misamis Oriental. Bounded on the North, by Isabelo Villanueva; South, by Isabelo Villanueva; East, by Jonas Villanueva and on the West by Senon Mangaycay, registered in the name of Jonas Villanueva, containing an area of four thousand one hundred forty three (4,143) square meters. Tax Declarartion No. 9401697 A PARCEL OF LAND, with all improvement thereon, situated at Balagnan, Balingasag, Misamis Oriental. Bounded on the North, by Mamancol Creek; South, by Kibongol Creek; East, by V. Villanueva and on the West by Americio Villamor, Didi Arenas, registered in the name of Jonas Villanueva, containing an area of twenty nine thousand eight hundred seventy ( 29,870) square meters. Tax Declaration No. 9406211 A PARCEL OF LAND, with all improvement thereon, situated at Lingangao, Balingasag, Misamis Oriental. Bounded on the North, by Lot # 001 ; South, by Lot # 044 & 007; East, by Lot 030 and on the West by Lot # 002, registered in the name of Jonas Villanueva, containing an area of three thousand one hundred seventy two ( 3,172) square meters. All sealed bids must be submitted to the undersigned on the above stated time and date. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without day, without further notice , posting and publication. Prospective buyers may investigate for themselves the title herein above described and encumbrance thereon, if any there be. Cagayan de Oro City, May 21, 2014. FOR THE EX-OFFICIO PROVINCIAL SHERIFF BWM: May 28, June 4 & 11, 2014


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from page 6

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City Branch 22 OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE File No. 2014-102 Upon Extra-Judicial petition for sale under Act 3135 as amended filed by RURAL BANK OF BALINGASAG , INC., mortgagee, with office address at Rizal corner Malvar Streets, Poblacion 5 ,Balingasag , Misamis Oriental against DAISY L. ZAMORAS, mortgagor/s, of legal age, Filipino/s with postal address at Bobontugan, Jasaan, Misamis Oriental , to satisfy the mortgaged indebtedness which was as of February 28, 2014 amounts to FOUR HUNDRED FIFTY FOUR THOUSAND FORTY SEVEN PESOS and 37/100 ( Php 454,047.37) Philippine Currency including interest & penalty charges, excluding attorney’s fees and expenses of foreclosure, the undersigned sheriff will sell at public auction on July 21, 2014, at 10:00 a.m to 4:00 p.m or soon thereafter at the RTC Branch 22 office, Arch Hayes St., Cagayan de Oro City , to the highest bidder, for CASH and in Philippine Currency, the herein described property and all improvements thereon to wit : TAX DECLARATION NO. 08-11-0004-05256 A PARCEL OF RESIDENTIAL LAND, with all improvements thereon , Lot no. 1226-B-1, situated at Bobontugan , Jasaan, Misamis Oriental , registered in the name of Daisy Zamoras, containing an area of TWO HUNDRED EIGHTY NINE (289) square meters more or less.

of God, our Creator and ever loving Father, to rule us. Let’s imitate his example, because we are supposed to be his image and likeness, and with his grace, have become in Christ children of his. We have to learn how to give ourselves as a gift, completely gratuitously given to God and to others. Let’s be convinced that’s how we grow humanly, and reach the fullness of Christian life. Let’s believe when Christ says: “Be not afraid!”




superior man understands what




inferior man understands what



Prospective buyers/ bidders may investigate for themselves the title of the herein described property and encumbrances thereon, if any there be. All sealed bids must be submitted to the undersigned on the above stated time and date. In the event the public auction should not take place on the said date, it shall be on the next working day without further notice. Cagayan de Oro City, May 20, 2014.



BWM: May 28, June 4 & 11, 2014


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Agus... from page 1

The other option will be for PSALM to contract out the operation and maintenance (O&M) of the plants to a third party. In both modes of privatization, it was noted that “PSALM will continue owning the plants.” A future outright divestment of the assets may also be planned. In a previous briefing with reporters, Philippine Independent Power Producers A s s o c i a t i o n ( P I P PA ) president Luis Miguel Aboitiz opined that the Agus case is not a matter of privatizing, “but putting it into private entrepreneurial hands so it will produce power and yet satisfy politics and the people of Mindanao, and at the same time, PSALM.” But the crucial step, he stressed, will be for PSALM and concerned executive agencies, like the Departments of Energy and Finance as well as the local government units (LGUs), to resolve their preferred privatization option for the Agus facilities. The Agus facilities have been spared from privatization for 10 years from the passage of the Electric Power Industry Reform Act (EPIRA). That timeframe should have lapsed in 2011, but PSALM still had its hands tied when it comes to the hydro assets’ disposal because of stern opposition lodged by various sectors in Mindanao. T h e Mi n d an a o g r i d primarily, was also detached f rom t he pr iv at i z at i on processes largely undertaken in Luzon and Visayas grids in the past few years, hence, the lack of private sector capital flows in the area led to its severe supply crisis.

Without fully comprehending such outcome though, Mindanao stakeholders have been taking the frontlines grumbling about the supposed failure of EPIRA because of their crisis-gripped power grid. Several privatization plans were already presented for Mindanao, but t he government through MinDA and the DOE, might need to do more in terms of apprising ‘cost averse’ consumers in the area as to the available options toward their longer term energy security.

STEAG... from page 1

of the two barangays who were affected by Villanueva’s rapid industrialization. The new school building is part of SPI’s commitment of helping its host communities through the Social Empowerment through Education (SEEd) of the company’s Comprehensive a n d I nt e g r at e d S o c i a l D e v e l o pm e nt P ro g r a m (CISDP). “The building is made of solid concrete materials with fly ash mixed on hollow blocks pile, with a steel deck roofing and complete paint finish. The building design has the provision to duplicate t h e e x i s t i n g 3 - s t o r e y, 12-classroom building of the TamBal School,” said Je rome S ol d e v i l l a , SPI communications officer. It is equipped with 100 pieces of ergonomic school chairs, thus ensuring a 1:1 student-chair ratio, aside from teachers’ tables and chairs. “The additional 2-classroom school building with ergonomic monoblock chairs sponsored by SPI is a big help to Tambobong-

R.A. 9048/10172 Form No. 10.1 (LCRO) (Revised 15 August 2001)

Balacanas National High School. The spacious classrooms, 1:1 student-chair ratio, coupled with competent and dedicated teachers will be instrumental in achieving quality education in our school,” said Ms. Lorilyn Agbong, school principal. SPI also provided the building materials for the construction of the TBNHS in TamBal in 2012 to meet the educational needs of the students of the relocation area. “We are very grateful to STEAG State Power Inc. which has always been a strong partner of DepEd. Be assured that we are coowning the school-building which you have generously given to our students. We will take good care of it so that your investment in this project will benefit not just this year’s students but a thousand more students in the future,” said Dr. Cherry Mae Limbaco, schools division sup er intendent, D epE d Misamis Oriental. Ma. Teresa “Ghaye” RilloAlegrio, SPI community relations manager, said that the construction of the new school building of TBNHS is just a reflection of the company’s concern towards education. “STEAG believes that education will help bring about the development of the human resource in the area and help them prepare for the demands brought about by the increased economic activities in the area,” she said. A l e g r i o a d d e d t h at education also empowers the youth of TamBal — the future of the community — a very big part of the power firm’s CISDP, along with enterprise development, social and human development

services, skills training for employment, and other socio-cultural enhancement activities. “When SPI came to Villanueva in 2003, it did not only bring with it the promise of providing a safe, efficient and environmentallycompatible power plant that will address the challenge of attaining stability of power supply in Mindanao. It also brought with it a new ray of hope for the local residents of Villanueva — a new kind of optimism that they could partake of the blessings of SPI’s Comprehensive a n d I nt e g r at e d S o c i a l Development Program,” Soldevilla said. SPI strongly believes that education is the key solution to the myriad problems besetting the country. For only through education can the youth — whom Dr. Jose Rizal described as “the future of the motherland” — be properly equipped with the needed “tools” to shape the motherland for future Filipinos. Thus, what SPI is doing in TamBal is an investment into the future of Villanueva, Misamis Oriental, Mindanao and the Philippines. In short, SPI has provided the “medicine” to the problems of the nation, starting in its own community.

Hike... from page 1

downtown district for public utility jitneys (PUJ) here. Darimbang urged the commuting public to report to the LTFRB any public utility vehicle whose driver and conductor are collecting P 8. 00 fare rate. The mobile phone number and the landline telephone number of the LTFRB are

R.A. 9048/10172 Form No. 10.1 (LCRO) (Revised 15 August 2001)

Republic of the Philippines Local Civil Registry Office PROVINCE OF MISAMIS ORIENTAL Municipality of Tagoloan

Republic of the Philippines Local Civil Registry Office PROVINCE OF MISAMIS ORIENTAL Municipality of Tagoloan



In compliance with Section 2 of R.A. 10172, a notice is hereby served to the public that JUNNEVEL L. DANLOG has filed with this office a Petition for Correction of Gender from “FEMALE” to “MALE” who was born on 11 July 1985 at Tagoloan , Philippines from parents Lourdes Lagubis and Digno Danlog. In Compliance with Section 2 of R.A. 10172, a notice is hereby served to the public has filed with this office a Change of Birth Date from “11 July 1985” to “12 July 1985” who was born on 11 July 1985 at Tagoloan, Philippines from parents Lourdes Lagubis and Digno Danlog. Any person adversely affected by the said petition may file written opposition within this office not later than ___________________.

In compliance with Section 5 of R.A. 9048, a notice is hereby served to the public that PRISCILLA M. BERNARDINO has filed with this office a Petition for Change of First Name from “VIRGINIA FE” to “VIRGINIA”. In Compliance with Section 2 of R.A. 10172, a notice is hereby served to the public has filed with this office a Change of Birth Date from “November 2, 1952” to “October 2, 1952” who was born on November 2, 1952 at Tagoloan, Misamis Oriental , Philippines from parents Melba A. Valdehueza and Elpidio Y. Marte. Any person adversely affected by the said petition may file written opposition within this office not later than ___________________.

(Sgd.) MARINELA FACTURA FABELA Municipal Civil Registrar

(Sgd.) MARINELA FACTURA FABELA Municipal Civil Registrar

Publication Notice R.A. 10172

Publication Notice Ra 10172

BWM : June 4 & 11, 2014

Republic of the Philippines Province of Misamis Oriental Municipality of Initao -oOoNOTICE TO THE PUBLIC

CFN- 0023-2014 R.A. 10172 Date : May 16, 2014 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 LIEX T. SANDOVAL has filed with this Office , a petition for change of first name from “ “ to “ “ and correction of entry in sex from “FEMALE” to “MALE” to “ or correction of entry in the date of birth from “ “ to “ “ in the certificate of live birth of LIEX TOMON SANDOVAL at Initao, Misamis Oriental and whose parents are PASTOR C. SANDOVAL and AMPARO L. TOMON. Any person adversely affected by said petition may file his written opposition with this Office not later than June 20, 2014. (Sgd.) ISAIAS A. JARALES Municipal Civil Registrar BWM: May 28 & June 4, 2014

BWM: June 4 & 11, 2014

found in the body of the PUJ. “The LTFRB will immediately act on a complaint of unfair fare rates,” Darimbang said. He said under charging and over charging of fare rates carry the same violation and offense.

Tourism... from page 2

community; and recognize the community as they are the ones that would promote the place through their talents and skills. People should support the city head, its leaders to unite, and be one if you truly love Iligan, said Tan. She recalled when she assumed as the city chief executive of Tangub City. She never doubted offers from individuals or groups (regardless of p olitical affiliation) to help her develop their city. Hence, she gave them the opportunity to present their intention for the good of the city. For his par t, mayor Regencia said that Iligan City government will pool whatever resources it has to develop as the city has vast tourism potentials, both natural and man-made in nature, coupled with human resources. He also said private and public partnership is vital to the city’s economic industry. Iliganons have to have a paradigm shift from an industrial center to become a tourism destination; change the mindset from being a ‘tourist’ to a ‘destination,’ the mayor added. He said the council’s participation shall be a 60% private and 40% public partnership, with standing committee coming from the private in preparation for the Association of Southeast


Asian Nations (ASEAN) Integration. Further, Chan said the aims and purposes of ASEAN are: to accelerate the economic growth, social progress and cultural development in the region through joint endeavours in the spirit of equality and partnership in order to strengthen the foundation for a prosperous and peaceful community of Southeast Asian Nations; to promote regional peace and stability through abiding respect for justice and the rule of law in the relationship among countries of the region and adherence to the principles of the United Nations Charter; and to promote active collaboration and mutual assistance on matters of common interest in the economic, social, cultural, technical, scientific and administrative fields. One strategy to get the attention of getting Iligan into the limelight is to coordinate with religious leaders and organizations. Through these groups they could recommend Iligan as their venue for holding conventions, summit, conferences, thus, make Iligan as the center of conferences, said Chan. He urged the Iligan Tourism Office to coordinate with the Department of Education (DepEd) to train the school children greet or say Iligan’s tagline “Maayong Iligan” (Good Day Iligan), a greeting visitors can’t forget the moment they leave Iligan, or simply teach students the distance how many minutes will it take if somebody asks his point of interest to go in Iligan’s tourist destinations. Me anw h i l e , of f i c e r s and memb ers of ICTC expressed their commitments to promote local tourism development.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 17 Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE FILE NO. 2014-116 Upon extra-judicial petition for sale under Act No. 3135 filed by YULO G. TEE, mortgagee, married to Elsa C. Tee, with office at Eagle St., San Isidro Village, Kauswagan, Cagayan de Oro City, against CORAZON A. CORRALES, mortgagor, married to Franklin A. Corrales, residing at 51 Molave St., PN Roa Subdivision, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of December 2013, amounts to TWO HUNDRED TWENTY TWO THOUSAND PESOS ( 222,000.00), excluding penalties, charges, attorney’s fees and expenses of foreclosure, the undersigned or her duly authorized deputy will sell at public auction on July 2, 2014 at 10:00 A.M. or soon thereafter at the office of the Clerk of Court, Regional Trial Court, Branch 17, Hall of Justice, Cagayan de Oro City to the highest bidder, for cash or manager’s check and in Philippine Currency the following property with all improvements, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-40631


“A PARCEL OF LAND ( Lot No. 3615-A-3, Block No. 3, Psd10-005593, being a portion of Lot 3615-A, Psd-10-004675), situated inthe Barrio of Iponan, City of Cagayan de Oro , Island of Mindanao. Bounded on the NW., along line 4-5 by Lot 4, Blk 3; x x x . . . . Containing an area of Four Hundred Eighteen ( 418) square meters, more or less.”

In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. _________ 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 Dan Acenas Marban has filed with this Office a petition for correction of entry in his date of birth from “June 30, 1962” to “July 30, 1962” in the certificate of live of Dan Acenas Marban at Kinogitan, Misamis Oriental and whose parents are Jesus Marban and Paterna Acenas. Any person adversely affected by said petition may file his written opposition with this Office not later than ____________.

All sealed bids must be submitted to the undersigned on the abovestated date, time and place. In the event the public auction should not take place on the said date for whatever reason, the public auction will proceed on the next working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title hereinabove described and encumbrances thereon, if any there be. Cagayan de Oro City, May 28, 2014.

(Sgd.) ROGELIO V. PALOMAR Municipal Civil Registrar


BWM: May 28 & June 4, 2014

BWM : June 4,11 & 18, 2014

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BusinessWeek Mindanao (June 4-5, 2014)  

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