BusinessWeek Mindanao (March 14-15, 2014)

BusinessWeek MINDANAO

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Volume IV, No. 76

Market Indicators

As of 6:01 pm mar. 11, 2014 (Tuesday)

FOREX

PHISIX

US$1 = P44.47

6,529.58 points

8 cents

X X Briefly 42.35 points

Internet scams THE Bureau of Customs in Northern Mindanao warned the public against a marketing scam that utilized the internet, a customs official said.

Acting deputy collector Uswaldo Pague, of the Bureau of Customs here, said that the would-be-victim usually received an email regarding a marketing plan that resembles that of a pyramiding scheme.

He said that the email would solicit membership money of P 2,500 with a promise from the “upline member” to send a package containing gifts or money to the would-be-victim in exchange for recruits that would serve as the down line.

Road project SURIGAO City -- The Surigao Chamber of Commerce and Industry, Inc. (SCCI) continues its implementation of the Coordinating Road Investments project for local economic development and poverty reduction in the province of Surigao del Norte.

SCCI Consultant Alice V. Euseña said during the Provincial Development Council meeting held recently here that since July 2012 the SCCI has implemented the coordinating road investments project under the supervision of The Asia Foundation (TAF) with financial support from the Agency for International Development (AusAID) under the Coalition for Change Program.

“The project aims to facilitate the identification of priority road network and roads within the network of roads in Surigao del Norte, mobilize support and resources for identified priority road network and priority roads, and sustain innovations in decisionmaking and implementation in roads development,” she said.

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New gadgets seen to avert delayed flights GPS-based PBN could be ready in two months

F

By MIKE BANOS, Editor-at-Large

LIGHT cancellations at the Laguindingan airport could soon be a thing of the past. Or, at the very least, minimized to an acceptable level.

Derisively dubbed “Dimalangdingan Airport” by irate air commuters when flight cancellations reached unprecedented levels last January, the Civil Aviation Authority of the

Ph i l ippi ne s ( C A A P ) is working closely with the Project Management Office (PMO) of the Laguindingan Airport Development Project (LADP) and Department gadgets/PAGE 11

Oro businessmen adopt measures to counter impact of power outage THE business community in Cagayan de Oro City has adopted measures to counter power outages in this seaport capital, an official of a business group here said on Tuesday.

Efren Uy, President of the Cagayan de Oro Chamber of Commerce and Industry, Inc. (Oro Chamber), said that the lo cal business community would adopt the “voluntary curtailment” of power usage in order to avoid “rotating brownouts” here.

He said that members of the Oro Chamber also agreed to utilize the “generator sets” for three to four hours during business days in order to minimize power usage in the city.

The Cagayan de Oro Power and Electric Company

AIR NAVIGATION SYSTEM. Satellite-based communications, navigation and surveillance air traffic management system, (CNS/ATM) approach landing operations (left) and en-route operation (right).

Mindanao blackout remains an enigma

By CRIS DIAZ, Mindanao Daily News

THE cause of the island wide blackout that struck

Mindanao last February remains an enigma, a senior

official of a coal-fired power plant in Misamis Oriental said. enigma/PAGE 11

(CEPALCO), the local power distributor here, said that rotating and unscheduled brownouts here are minimal because of the independent power producers that supply power to CEPALCO. T h e C E PA L C O owned Minergy provides 20-megawatt while the Solar Power produces 1-megawatt in addition to the 2-megawatt of CEPALCO’s hydropower plant on the Bubunawan river here, Marilyn Chaves, CEPALCO’s spokesperson said.

She said that Cagayan de Oro will not suffer power outages as much as the other cities and provinces in Mindanao because of the backup power supply by Minergy, Solar Power, and mini-hydro power plant.

(PNA)

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Economy

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2 Bangsamoro development plan kicks off Cagayan de Oro draws fri-sat|march 14-15, 2014

THE quest for peace and development in Mindanao gets a major boost with the formulation of a plan that aims to promote inclusive growth, stability, and help create jobs in the Bangsamoro areas in the next six years.

The government along with the World Bank have kicked off the Bangsamoro Development Plan (BDP) that will provide a short and medium-term development strateg y by identify investments and programs

in the region from 2014 until 2020.

The planning process i s sp e ar h e a d e d by t h e Bangsamoro Development Agency (BDA).

Saffrullah M. Dipatuan, BDA chairman said the

B a n g s a m o ro p l a n w i l l play a crucial role in the establishment and success of the region, adding that planning for rehabilitation, recovery and development is being conducted with bangsamoro/PAGE 10

P142.9-M MRDP projects completed in Region 12 GENERAL Santos City -- The Department of Agriculture (DA) in Region 12 has completed around P142.9 million worth of additional agricultural projects under the second phase of the World Bank-supported Mindanao Rural Development Program (MRDP-2).

Amalia Jayag-Datukan, DA Region 12 executive director, said Tuesday the completed projects were part of the remaining projects

that were implemented in the region under the MRDP2, which is set to end its physical implementation on June 30.

Region 12, which is also known as the Soccsksargen R e g i on , c ompr i s e s t h e provinces of South Cotabato, Sultan Kudarat, Sarangani, North Cotabato and the cities of General Santos, K o r o n a d a l , Ta c u r o n g , Kidapawan and Cotabato. mrdp/PAGE 10

investors in BPO sector

RANKED as the country’s most competitive city in 2013, Cagayan de Oro continues to attract investors with a booming BPO sector that is set to foster the city’s overall sustainable and eco-friendly economic development.

This has been the overall sentiment of economists, government officials, business leaders and investors who attended the recent “Connect and Do Business in Cagayan de Oro’’ investment forum held at the InterContinental Hotel Manila in Makati City.

Economist and former director-general of the National Economic and Development Authority (NEDA) Cayetano Paderanga Jr. said that the CDO’s BPO sector has much room for growth, what with the city’s five IT parks and two IT buildings.

“CdO had a very good chance to become Mindanao’s new business and financial center. Its thriving economy is sustainable over the long run because it had robust fundamentals: Peace and order, stable power, very good human resource and enough investors,’’ Paderanga said.

Architect Romolo V. Nati, executive chairman and CEO of ITPI Corp. (ItalPinas Euroasian Design and EcoDevelopment Corporation, a d d e d t h at a d v a n c i n g

CD O’s BPO sector will also be a sustainable and eco-friendly growth driver because BPO operations produce less greenhouse gases and pollutants than manufacturing, especially if they are located in truly green buildings.

ItalPinas, one of the biggest investors in CDO,specializes in sustainable property developments and green building design. Since it was formed by Nati, an Italy national and Filipino partner, Atty. Jojo Leviste in 2009, the company has taken a lead role in creating sustainable property developments in the countr y’s secondar y cities. Its flagship project is called Primavera Residences, a mixed-use eco-friendly condominium in uptown CdO. Primavera Residences features passive cooling techniques and will soon be equipped with a photovoltaic or solar panel rooftops that produce enough electricity to power its common areas.

Nati also emphasized the wealth of CDO’s human capital. Four of the biggest universities in Northern Mindanao are in C dO: Xavier University-Ateneo de Cagayan de Oro, Liceo University, Capitol University and Mindanao University of Science and Technology. The bpo/PAGE 10

0917-7154399 088-856-8562/63

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AMENITIES : ZORBIT * ATV * TREE TOP ADVENTURE BUGGY * BUNGEE * PICNIC GROUNDS PLAYGROUND * CAFE * LUGE * MINI GOLF ROOM ACCOMODATIONS

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RESORTS, HOTEL & RESTAURANTS DIRECTORIES

Algen’s Dive Resort (088) 3872015

Philtown Hotel 726295 / 8564402 Fax: 723104

Apple Tree Resort & Hotel 735411 / 754525 Fax: 754497

Pryce Plaza Hotel 8583131 Fax: 726687

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

Prawn House (088) 3095992 Fax: 8519219

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

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

Casa Isabella (088) 8564065

Casa Azucena 8563402 / 09236593973

Chali Beach Resort 732840 / 8552108 Fax: 8555941

The VIP Hotel 726080 / 8562505 Fax: 726441

Chananthon Bed & Breakfast 8568189 / 3093095

Uptown Condotel 8511800

Country Village Hotel 8583004-06 Fax: 8583006 D’Budgetel 8564200/726643 Fax: 8564300 Dahilayan Forest Park 8568562 to 63

De Luxe Hotel 8572144 / 724548 Fax: 724563 Discovery Hotel 727814 / 8563896 Fax: 8563897 Duka Bay Resort (088) 3312290 Fax: 725265 Dynasty Court Hotel 8574802 Fax: 857900 Grand City Hotel 8571900 / 728469 Fax: 723718 Hotel Conchita 8563856 / 727355 Fax: 8563857 Hotel Koresco 8589749-50 Fax: 8589748 Hotel Sogo 8520383

Kingston Lodge 8585696 Fax: 8585696 Mapawa Natures Park 8584402 Fax: 725265 Mallberry Suites 8541999 / 7249999 Fax: 8544999 Maxandrea Hotel 8572244/729943 Fax: 724090 Miami Inn 8581901 to 02 Fax: 725279/728486 N Hotel (088) 8801924

Paras Beach Resort 8568563 Fax: 8568563

Tune Hotel 8800888/8801306 Travelers Pod 8518988

Villa Paraiso Apartelle 3870419 Fax: 3870429 HONORARY MEMBERS:

Dept. of Tourism 723696/726394 / 8564048 Fax: 723696

RESTAURANTS:

Bigby’s Café 72-1071/857-5511/8575836 Fax: 711843 Café Laguna 8582999 Fax: 8567001 DM Villaruy Restaurant 733790

Golden Ajirang I 856-5271 Fax: 727876 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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Power business pulls down Aboitiz Group’s 2013 gains THE holding firm of the Aboitiz family posted a double-digit decline in net profit last year dragged by the weakness of its flagship power business.

In a disclosure to the Philippine Stock Exchange, Aboitiz Equity Ventures Inc (AEV) said its consolidated net income dropped 12 percent to P21 billion last year from P23.97 billion in 2012.

Excluding extraordinary items, AEV’s core net income would have decreased by a tenth compared to the prior year.

Power accounted for the lion’s share of earnings at 72 percent. Banking contributed 21 percent followed by food and real estate with shares aboitiz/PAGE 10

Vista Land to issue P5-B bonds

PROPERTY developer Vista Land & Lifescapes Inc. will issue up to P5 billion in bonds to finance commercial development projects this year.

The property development arm of the Villar family has been allowed by the corporate regulators to issue retail bonds worth P3 billion with an overallotment option of another P2 billion. “ T h e [ Vi s t a L a n d ] board authorized the i mp l e m e nt at i on of a l l

necessary corporate and other actions to proceed with the offering and issuance of the aforementioned bonds. It also authorized and empowered

management to decide on the final issue size, interest rate and other relevant terms and condition of the bonds,” vista/PAGE 10

Nutri-Asia sees exports doubling in 5 years PHILIPPINE-based food company Nutri-Asia Inc. (NAI), one of the first local companies to go global, expects to double its exports in the next five years and maintain its position as one of the leading condiments exporters in the country.

The growth in exports will come from the Middle East and North America, which exports/PAGE 10

Oro Bankers Club gets Exclusive Discounts from The SM Store The SM Store is giving away exclusive discounts to all Bank Employees from banks accredited under Oro Bankers Club. Exclusive promo offering runs from March 14-20.

Simply present the company ID with the SM Advantage, SM Prestige, BDO Rewards or Mom card upon payment to avail 10% discount with a minimum P1,000 single receipt purchase on all regular priced items from any selling department inside The SM Store.

Not yet a member?

Avail of the SM Advantage Card for only P150 from The SM Store Customer Service Counter, Cash or Charge Counters, Supermarket Bills Payment Counter, and all Savemore branches.

Do not miss this exclusive offer. Keep shopping at The SM Store Cagayan de Oro.

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

BDO Private Bank more than doubles profit in 2013 THE private banking arm of BDO last year proved that tending to the needs of the wealthy pays off handsomely.

In a statement, BDO Private Bank said it more than doubled its profit to P1.17 billion in 2013 from P484 million the previous year.

BD O Private Bank executive vice president Stella Cabalatungan ascribed the growth to gains in trading income.

Assets under management climbed to nearly P243 billion, exceeding the bank’s P240 billion target.

Results of the Euromoney Private Banking Sur vey 2014 named BDOPB as the bdo/PAGE 11

Banking&Finance

DEVELOPMENT Bank of the Philippines (DBP) said its net income grew by more than a fourth in 2013 on the back of higher investments, particularly in government’s infrastructure projects.

In a statement, stateowned DBP said it earned P5.28 billion last year, or 27.85 percent higher than the P4.13 billion in 2012.

Helping fuel that was a 49.1 percent increase in investments to P145.75 billion last year from P97.74 billion the previous year.

Loans alone increased by seven percent year-on-year to P127.37 billion, allowing assets to climb to P436.1 billion from P361.08 billion over the same period.

The increase in loans was funded by a 42 percent yeardbp/PAGE 11

STATE-RUN Social Security System (SSS) is setting up 14 new branches and 10 Service Offices nationwide this 2014 to expand its services in areas where number of transactions are high. its operation in the first two months of the year.

These include operations in Robinsons Place Malabon, Robinsons Place Malolos, and Robinsons Place RoxasCapiz.

“We will continue this expansion of our network of Service Offices, as it is still a faster means of increasing SSS presence as compared with building or renovating our own branch sites, which need to go through public bidding,” SSS Branch Evaluation Services Department Head Gloria Cuisia said.

“Apart from making SSS

fri-sat|march 14-15, 2014

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

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

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

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

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

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

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

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

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

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

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

METRO BANK- GAISANO 8561720

BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052

more accessible, the creation of new SSS branches and Service Offices also help decongest the volume of members and transactions in our existing offices,” Cuisia added.

In 2013, SSS opened new branches in Congressional in Quezon City, Guadalupe in Makati City, and Panabo in Davao del Norte while Service Offices were launched in Muntinlupa City Hall and 17 malls nationwide.

This brings a total of 135 branches, 63 Service Offices, and 33 Representative Offices for SSS. SSS branches operate on Mondays to Fridays from 8 a.m. to 5 p.m. while Service Offices operate on Tuesdays to Saturdays from 10 a.m. to 6 p.m.

Further, SSS announced

that it will extend its Saturday operation in 21 branches nationwide until June 28, 2014.

Branches with six-day s c h e d u l e w e re c h o s e n based on high number of transactions. The Saturday operation in these offices started since October 26, 2013.

SSS branches with extended Saturday schedule until June include: SSS Diliman, Cubao, San Francisco del Monte, Mandaluyong, Pasig Shaw, Binondo, Manila, Makati-Gil Puyat, MakatiAyala and Alabang in the National Capital Region; Baguio, Dagupan, Bacoor and Biñan in Luzon; Cebu, Lapu-lapu, Bacolod and Iloilo in Visayas; and Cagayan de Oro, Davao and Zamboanga in Mindanao. (PNA)

BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602

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

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

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

BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263

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

BPI- COGON Osmeña St. Cdoc 8571297/8571298

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

CHINA BANK –GAISANO 745887/745880

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

CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844

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

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

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

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

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

SECURITY BANK- LKK Limketkai | 8801258/8801625

EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081 EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331 ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858

to a Suzuki dealer nearest to you soon.

For updates, you may visit www.suzuki.com.ph and www.facebook.com/ SuzukiBikersFed

PLANTERS DEVELOPMENT BANK

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

D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366

advanced and innovative display to give mall goers and customers a one-of a-kind experience.

Wa t c h o u t f o r t h e revolution, it is soon coming

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558

BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406

D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201

will be vividly represented in the brand as a whole.

As it brings its line-up down to customers during mall displays, Suzuki will now showcase the most

5

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CAGAYAN DE ORO CITY

Suzuki gives people gives a glimpse of the future revolution Suzuki Philippines transports the market to the future as it takes its new Fi revolution to the next level. Suzuki’s Fi revolution will show you a bigger and grander Suzuki as it brings its futuristic vision to the present, matching this with a complete redesign.

The Suzuki Fi Revolution st ar te d w it h t h e g am e c h ang i ng f u e l - i nj e c t e d models – Shooter 115 Fi and Rider J 115 Fi introduced in the last quarter of 2013 as it changed the landscape of competition being the most affordable fuel-injected models in the market today.

This year, the revolution continues as Suzuki Philippines presents newer designs and concepts at its dealership nationwide by providing state-of-the-art motorcycle platforms and other promotional materials to support its valued dealer partners.

The Suzuki Fi Revolution is not merely going to be felt merely at dealer stores but

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DBP’s earnings up by 28% in 2013

SSS to add 24 local offices The additional offices will be situated in Alabang, Eastwood, Marikina, Mandaluyong, Navotas, Parañaque, Pasig, Taguig, Sta. Rosa, Cebu, Bacolod, Iloilo, Davao and Cagayan de Oro. The government-run institution will also expand its Service Office in malls around the country. The Service Office is built in partnership with mall operators and local government units (LGUs).

SSS plans to roll-out 10 new Service Offices in which three of these operations in 10 malls already started

BusinessWeek MINDANAO

MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

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

Capistrano Corner CruzTaal St. CDO 8524099/722695

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

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T

Making Up for the Past

hink a minute…Some time ago I read in the newspaper about a father who had killed his 10-yearold son because his school report was not good enough.

The father was so angry that he reached for the nearest thing, a steel rod, and hit his son on the back. His 10-year-old little boy was killed instantly. Can you imagine the pain and regret that father lives with!

We all have regrets, and the feeling that we want to make up for the wrong we’ve done. Yet we know that in most situations we can’t.

Sometimes we can repair the damage. We can pay a debt that’s long overdue.

We can return the money we cheated or stole from somebody.

But most times it’s simply impossible to make up for what we’ve done wrong.

Like beating and cursing your child in a moment of anger. No candy or toy can make up for how we hurt even destroyed their trust in us. Think of the man addicted to alcohol, drugs, or kava, or has adulterous affairs, putting his wife and children through years of pain, lies, and violence. Yet even if he finally does stop drinking or having affairs, how can he ever erase or make up for all the hurt and damage he caused? How does the mother who had

THINK

A Minute

By Jhan Tiafau Hurst

an abortion forgive herself and get free from her guilt?

So we can’t always repair the damage we’ve caused, no matter how much we try, not even through religion!

That’s why Jesus Christ, Who was not guilty of any wrong, gave His own innocent life to free you and me from all our wrongs and guilt. The only way we can make up for all the wrong we’ve done is by asking Jesus for His free gift of forgiveness and new life which He paid for with His own life.

It’s true that you cannot change your past, but Jesus can start changing your life now. If you ask Him to take control of your heart and character every day, He will give you a new life by helping you change with His love and power. Even with all your past failures and wrongs, your Maker will still give you another chance. So why not ask Him today?

Just Think a Minute …

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Requiem for Bingo Decasa Alcordo

I

N the 70’s when student idealism was at the forefront in the school campuses, I meet a young firebrand who was into everything. He was a campus leader and a moderate activist with penchant for writing love letters to the schools’ beautiful coeds.

We were classmate in one Economics subject. Later we found ourselves together taking a quiz and the English proficiency examination for the editorial board of the school newspaper. He must have topped the test among the aspiring campus journalist because he got the Editor in Chief job among the eight applicants. Perhaps I was number four since the Reverend Father Director for Academic Affairs of the school appointed me as the Sports Editor. The second placer was awarded the Associate Editor and the third was the News Editor. Those who did not make it to the top

four were accredited as beat Reporters. That was the order of ranking to orchestrate a fearless campus newspaper of the Divine Word College in Tagbilaran City.

I still remember that our school paper had the benevolence of the SVD Fathers who granted us an independent editorial policy because the Editor in Chief was empowered to freely discuss the Magna Carta for Students and to criticize boldly the national leadership of the seating President Ferdinand E. Marcos. Under those years one could lose a scholarship if you are critical to a national figure. We made it and hurdled through Martial Law. The rest was history in our college days as we went separate ways after graduation in pursuit of jobs and career in the big cities. I tried my luck in Manila and my Editor in Chief ventured into Cagayan de Oro. Not

until 1996 that l found this lanky gentleman again at the hotel lobby of Pryce Plaza sporting a Steven Segal hairdo.

Bingo D. Alcordo was already a publicist for Pagcor in Mindanao. He was not into casino gambling but he made himself endeared to the gaming people perhaps because he was on air always for a radio station with his balance commentary. What made him big in broadcasting was his dedication to study the issues and relate a situation to economics and politics.

He got a College degree and was very knowledgeable of the issues. I learned he was active with the Press Club of the City and work for a famous Mayor of Cagayan de Oro who also becomes my friend through him.

Talking to Bingo over a cup of coffee or a bottle of his favorite beer brand is always enriching. His character radiate influence and his

TRAVERSING the

Tourism H i - way

By Ped Quiamjot

views about business are also shared by famous writers and businessmen that I come across in the broadcast and the print media. In our college days, many referred to him as the walking dictionary later in his professional media career he was known as a dedicated and a walking legend of the local press.

Farewell, Bingo D. Alcordo, as your wish to be cremated, into the dust your ideals may live forever.

Our Lifelong Warfare

W

ith Lent in our m i dst , we shou l d be reminded of our duty to hone up our skills in spiritual warfare. We should not let this Lenten season pass without doing anything to improve ourselves in this particular department.

Christ already hinted this much when he said: “From the days of John the Baptist until now, the kingdom of heaven suffers violence, and the violent bear it away.” (Mt 11,12) We have to understand though that to be violent in this sense does not mean to be destructive but rather constructive, driven by love and the desire to be united with God and with the others in a way proper to us as children of God and brothers and sisters among ourselves.

Our life here on earth cannot but b e in s ome form of struggle. Aside from our innate urge to g row and de velop t hat requires some effort, we also have to contend with enemies whose sole intent is precisely to bring us down, to divert us from our proper path toward holiness.

We a r e n o t s i m p l y r ange d ag ai nst natu r a l d i f f i c u lt i e s , cha l l e nge s and trials in life, but rather with very powerful and subtle nemeses. The natural enemies alone are already formidable. St. John describes them this way:

“For all that is in the world is the concupiscence of the flesh, and the concupiscence of the eyes, and the pride of life, which is not of the Father, but is of the world.” (1 Jn 2,16) That’s why we can talk easily about envy, jealousy, vanity, lust, greed, sloth, etc.

For this type of enemies alone, we need an extensive spiritual pharmacopeia and moral regimen to cleanse us of their affliction. That’s why we are encouraged, esp ecially during L ent, to intensif y our fasting and abstinence, and other forms of mortification.

We should not take this indication lightly. They are very necessary.

Yes, we need to pray a lot and grow in the different virtues so we can be strong, optimistic and cheerful, prudent and capable of handling these challenges.

We have to learn how to deal with our weaknesses and the usual temptations that come from the flesh and the world.

But we still have enemies tougher than these. As St. Paul said, “Our wrestling is not against flesh and blood, but against principalities and p ower, against t he r u l e rs of t h e wor l d of darkness, against the spirits of wickedness in the high places.” (Eph 6,12) This type of enemies affects us more deeply.

They corrupt not only the

body, but also our ver y spirit that is supposed to be our immediate and direct conduit with God. They bring our warfare from the arena of the natural to that of the spiritual and supernatural.

With thes e enemies, our intelligence and will, our thoughts and desires would then operate outside the context of God’s will.

Our thoughts and desires would then be at the mercy of evil spirits that can only b e hand le d prop erly if we also use spiritual and supernatural means, and not just some natural power.

When we fail to deliberately offer everything we think, say and do to God, as told to us in the gospel, then we open ourselves to the coming of another spirit that will offer us, at first, a lot of attraction and allurement, until we are so enslaved by it that it would be very difficult for us to detach ourselves from it.

That’s why today we h av e s u c h p h e n o m e n a as atheism, agnosticism, mater ia lism, and ot her forms of ungodliness, with their corresponding manifestations such as the legalization of abortion, the spreading culture of death, all forms of corruption, etc.

This big and open hostility against God and also against our nature always starts in a small, unobtrusive way, cleverly

HINTS

“Business is a game, played for fantastic stakes, and you’re in competition with experts. If you want to win, you have to learn to be a master of the game.” ~Sidney Sheldon

and

Traces

By Fr. Roy Cimagala

spiced and glibly packaged to grab our attention. We have to be most wary of these little openings to sin by making our conscience more refined and sensitive, and by g row i ng i n t he virtues.

We have to understand that at every point of our life is always a choice between God and ourselves, between God and the devil, between God and the world. We have to be humble enough to choose God always.

The humility involved h e re wou l d l e a d u s t o feel the need to continue asking for the grace of God, since without him, we can accomplish nothing that would bring us to our eternal life.

The humility involved here would lead us also to trust in God, especially w h e n w e s e e o u r ow n weaknesses, mistakes, failures. With such trust, we simply begin and begin again in our struggles.

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MyPhone successfully Invades Puerto Princesa Palawan!

MyPhone continues its march by recently Invading the beautiful Island of Puerto Princesa Palawan thru its MyPhone Invasion Concert Tour!

Last March 5, 2014, Puerto Princesa Mayor hosted the event at the Puerto Princesa Coliseum to thousands of locals that eagerly waited to see Dennis Trillo, MM Magno, Mj Magno, Kyle Vergara, Jason Fernandez and RED Models and Talents very own Teen Diva Kris Angelica dela Cruz.

And last Marc h 7, MyPhone hosted and entertained more

than 5,000 women during the Annual International Women’s Day Celebration also in Puerto Princesa.

MyPhone Invasion Concert Tour shall continue on the 29th

of Marc h by once again invading the White Bech in Pueto Galera!

Watch Out for it!

Cagayan de Oro agri-business forum set on March 20 L

The city government, in partnership with Promote Cagayan de Oro Foundation, Inc., will hold the Cagayan de Oro Agri-Business Investment and Financing Forum on March 20, 2014. “ We a r e i n v i t i n g business le aders and prospective investors in this very active sector,” said Eileen C. EscobarSan Juan, the city’s Local Economic and Investment P r o m o t i o n s O f f i c e r.

“Other interested parties are welcome as long as they pre-register with our office.”

In the agri-business forum, A. Brown Energy Resources Development, Inc. will present investment opportunities in oil palm; Rocky Mountain, coffee, and; San Miguel Corp., cassava.

T h e D e v e l o p m e nt Bank of the Philippines (DBP) will also deliver a presentation on available windows for financing.

This forum comes in the wake of the successful Cagayan de Oro Business Forum held at the Intercontinental Manila last February 12.

During that forum, testimonials on Cagayan de Oro as a strategic choice for doing business in were delivered by A. Brown, Pueblo de Oro, Philippine Investment Management

(PHINMA), Inc., and Ayala Land, Inc. Leading economists and even the USAID affirmed Cagayan de Oro’s viability for sustainable development.

Cagayan de Oro City is a USAID partner under the “Cities Development Initiative,” which aims to empower secondary cities as engines of growth by strengthening and e n h anc i ng t he i r competitive advantage.

The other Philippine cities in this program are Batangas City and Iloilo City.

Cagayan de Oro has also been named the country’s most competitive city by the government’s National Competitiveness Council.

The upcoming agri-business forum is supported by the Board of Investments, Department of Trade and Industry, and the Cagayan de Oro Chamber of Commerce and Industr y (Oro Chamber).

For more information about the agri-business forum or to pre-register for the same forum, please visit the INVEST Office at the Cagayan de Oro Investment Promotions Center, 3/F South Wing, Legislative Building, City Hall Complex, Cagayan de Oro City. Or contact 0916.1705993.

Spirituality, not Gender or Money, for RP President

IFE’S INSPIRATIONS: “… whoever wants to become great among you must be your servant, and whoever wants to be first must be slave of all…” (Jesus Christ, our God and Savior, in Mark 10:43-44, the Holy Bible).

-ooo BIGGEST CHALLENGE TO ANY PRESIDENT: No, Sen. Miriam Santiago, it is not gender nor money that will make the president of this country a great l e a d e r. And, to o, no, Bayan Muna Party List Rep. Isagani Zarate and Gabriela Party List Rep. Luzviminda Ilagan, it is not human ability that will make a Philippine president great. It is spirituality, deep spirituality in fact, that will make a great president.

As I wrote on July 11, 2013: “In fact, the biggest challenge of any president who will serve the country for only a very brief period of six years is to discard grandiose illusions that he, by himself, can do something that will really benefit the nation as a whole, even if he happens to have come from so-called democracy icons, or from parents who are revered worldwide.

“Eve n i f h e i s t h e president who has the vast powers of the government

at his beck and call, he cannot do anything that will push the country and its people towards success and progress, as President Aquino maybe painfully finding out now. Only God can do something, and the best legacy that any president can ever leave is to bring his people to a better understanding and familiarity of God so they can start being righteous and spiritually revived.

-ooo SOLOMON’S EXAMPLE IN LEADERSHIP: I also wrote: “Any president of this country who is aware of the six-year limitation of his term must strive to follow the example of the greatest human king of all, King Solomon... When asked by God as to what he wanted, Solomon did not ask for wealth and riches, nor for the death of his enemies, but for knowledge to rule. God gave it to him, allowing him to become a king like no other…”

“Here is that part of the Bible (1 Kings 3) which recounts the story of King Solomon: `At Gibeon the Lord appeared to Solomon during the night in a dream, and God said, `Ask for whatever you want me to give you.’ S olomon answered, `You have shown great kindness to your

servant, my father David, because he was faithful to you and righteous and upright in heart… “ `Now, Lord my God, you have made your servant king in place of my father David. But I am only a little child and do not know how to carry out my duties. Your servant is here among the people you have chosen, a great people, too numerous to count or number. So give your servant a discerning heart to govern your people and to distinguish between right and wrong. For who is able to govern this great people of yours?’

-ooo “A W I S E A N D DISCERNING HEART”: I then concluded: “ `The Lord was pleased that Solomon had asked for this. So God said to him, `Since you have asked for this and not for long life or wealth for yourself, nor have asked for the death of your enemies but for discernment in administering justice, I will do what you have asked.

“I will give you a wise and discerning heart, so that there will never have been anyone like you, nor will there ever be. Moreover, I will give you what you have not asked for---both wealth and honor---so that in your lifetime you will have no equal among kings. And if

K ak ampi

Mo A ng Batas

By Atty. Batas Mauricio

you walk in obedience to me and keep my decrees and commands as David your father did, I will give you a long life.’

“Then Solomon awoke--and he realized it had been a dream. He returned to Jerusalem, stood before the ark of the Lord’s covenant and sacrificed burnt offerings and fellowship offerings. Then he gave a feast for all his court…”

Perhaps, Sen. Santiago and Reps. Zarate and Ilagan can find a Filipino in whom the Spirit of God dwells so he can become president?

-ooo REACTIONS? Please c a l l m e at 0 9 1 7 9 8 4 24 68, 0918 574 0193, 0922 833 43 96. Email: batasmauricio@yahoo.com, melaniolazomauriciojr@ outlook.com and mmauriciojr111@gmail. com.

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Connecting the World with Resilient Construction at the 19th WORLDBEX Worldbex Services International holds the 19th Philippine World Building and Construction Expo from 10am to 8pm until March 16 at the World Trade Center Manila

Manila, Philippines --- In response to the construction industry’s ever-changing need to expand market scope and increase sales growth, industry veteran and founding chairman Joseph L. Ang mounted the Philippine World Building and Construction Exposition or WORLDBEX. Surpassing expectations, WORLDBEX launched itself as a platform for the high-grade exchange of global industry trends which quickly spawned the birth of Worldbex Services International (WSI).

Twenty years later, the Philippine World Building and Construction Exposition or WORLDBEX remains at the forefront of the industry

as it serves as a primary source of the latest technologies, products and equipments, a venue to build connection, and a means to get the latest industry know-hows through insightful seminars and various pocket events.

T h is ye ar, t he 1 9 t h WORLDBEX ups the ante as it occupies the joint venues of World Trade Center Manila and the Philippine Trade Training Center – taking over 30,000-sqm of exhibit space. Accessibility is ensured with free shuttles, a business lounge, and additional parking slots that are widely available during the course of the event.

Last year’s WORLDBEX broke new grounds as it

welcomed over 158,000 visitors and 500 exhibitors from here and abroad. This time around, a healthy mix of architects, direct buyerend users, contractors, distributors, developers, dealer-agents, purchasers, importers and exporters, inter ior desig ners, ITIS specialists, marketing and sales representatives, c onsu lt ant s , and more are expected to flock the exceptional event.

Evolution through resilience Each year, WORLDBEX fo c us es on a theme in which its whole production w o u l d re v o l v e a ro u n d so as to address relevant concerns and issues. As

Suzuki brings the revolution to the SM mall nearest to you Suzuki Philippines brings its Fi revolution to the nearest SM Supermall near you. In partnership with SM Supermalls, Suzuki hopes to showcase to the public its newest models equipped with fuel-injected engines starting with the two flagship models of the Fi revolution campaign, the Shooter

J115 Fi and the Raider J115 Fi. The partnership between SM Supermalls and Suzuki has brought various mall caravans to various malls in Luzon, Visayas and Mindanao.

This 2014, Suzuki will give a futuristic touch by providing next generation LED monitors and product displays that will surely

capture consumers’ attention.

Suzuki aims to make this evolution of displays a kickstarter for its new campaign with SM mall venues all across the nation.

For Suzuki mall display schedule, you may visit www. suzuki.com.ph and www. facebook.com/SuzukiBikersFed

such, the 19th WORLDBEX de cide d ly explores t he theme of “Connecting the World through Resilient Construction”. Urged by the alarming realities faced by the world as it experiences rapid environmental changes brought on by global warming, the 19th WORLDBEX features all that there is to know about re s i l i e nt bu i l d i n g an d construction.

T h ro u g h t h e s e r i e s of booths and activities, WORLDBEX is seen to increase awareness among the local construction industry through a dynamic exchange of knowledge and trade information about resilient construction and its role in preventing the disruption of normal life in the event of natural and man-made disasters.

Catalyst of progress Striving to provide a holistic and multi-faceted experience for the building and construction industry, WORLDBEX is showcasing numerous pavilions that are divided into categories such as the Italian Pavilion by the Italian Chamber of Commerce in the Philippines, Inc. which showcases the latest building and construction products, as well as equipments from its country.

C ompr i s i ng 3 0 % of t he 1 9 t h WOR L DBE X , visitors are encouraged to take advantage of the International Pavilion which boasts of the latest building construction products from foreign countries and global companies. The foreign pavilions include participants from USA, China, Italy, Singapore, Malaysia, Taiwan, South Korea, Switzerland, India, Thailand, and Austria.

For a sneak peek of the

works of top real estate developers, architects and distinct interior designers, one can head to the Developer’s Gallery as well as the Architects and Interior Designer’s Galler y. Art enthusiasts and collectors will delight in the Contemporary Art Pavilion as presented by Secret Fresh Gallery.

12 speakers. 12 incredible i n s i g h t s . WO R L D B E X also prides in the hotlyanticipated 16th WORLDBEX Seminars that has been staging local and foreign talks from speakers such as Allen Folks who elaborated on “Urbanity and the New Asia” and Arch. Felino Palafox who will discuss “Crafting an Icon out of our Unique Asian Heritage and Smart Cities of the Future: Urban Planning, Architecture and Engineering to address Climate Change and Global Warming” during the first day.

Recognizing the importance of art and design in construction, WORLDBEX is conducting the b est booth design competition as well as the annual Obra Maestra, an interior design competition where students from top universities and colleges compete for the most outstanding design concepts.

Now running on its third year, this year’s competition will give out P20,000 for the participants and P10,000 for the Department of the S cho ol of the Runnerup, and P40,000 for the participants and P20,000 for the Department of the School of the Grand Winner.

A People’s Choice Award will also be bestowed to the participant with the highest number of votes on the WSI Facebook Fanpage.

Cultivating growth There is truly no stopping

WSI in ensuring that each production surpasses the previously held ones. With that said, WORLDBEX has a lot more in-store with other highlight programs including t he S eminar on Consumer Protection, Policies and Trends Affecting Construction Quality and Safety by the Construction Industry Authority of the Philippines (CIAP), and the Project First Home book launch hosted by Tessa Prieto Valdez and Gabe Mercado.

T he 1 6 t h WOR L DBE X S eminars, the BluPrint Avid Awards, hosted by One Mega Group, and the SoFa Interactive Seminar: Expressing Filipino Identity through Design by Toby Guggenheimer.

Apart from its extensive array of exhibitors, WORLDBEX is a venue for industry players to network among t hems elves and make business to business transactions and growth within reach, which is the core philosophy of WSI. As such, WORLDBEX offers t he Business Matching Service, an onsite service that facilitates actual business matching services to help trade professionals to identify their needs.

Unparalleled by none in terms of delivering the best quality exposition for the construction industry, the 19th WORLDBEX is not to be missed. Ongoing until March16, the 19th WORLDBEX is convenient and efficient means for industr y and trade professionals to upgrade and elevate their industry know-how and expand their business horizons.

For more information, log on to www.worldbex.com or contact (+632) 6569239

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March Graduation: It’s More Fun at Seda Centrio’s Misto I

ndeed, graduation in the Philippines is a family affair. Whether it’s a tot taking his first step up in life from Pre-School or a professional attaining the ultimate accolade with a doctorate degree in his chosen field of profession, graduations are occasions for the whole family to salute a member who made good.

And what better way to do it that in Cagayan de Oro’s Urban Lifestyle Hotel, Seda Centrio: for families taking their graduation dinner at Misto, one member gets in for free! However, graduates treating their family or parents treating

Grilled Seafood Platter

Noodles

their children to graduation dinner should call in their reservation at least a day ahead to avail of the 10+1 offer.

“This is our way of celebrating graduation with the families who have made Misto in Seda Centrio their first choice for family occasions of note,” said Lorenzo Tang, Hotel Manager.

The Seda Centrio Misto Graduation Package is available every weekend beginning March 15, 2014 at P450.00 nett per person on Saturdays for dinner and P499.00 nett on Sundays for lunch. The Weekend Buffet tables are open 11am-2pm

and from 6pm to 10 pm evenings.

From Wednesdays to Fridays, families can avail of the 10+1 offer for the Pinoy Food Festival at only P450.00 nett per person from 6-10PM. Regional specialties will be highlighted every week and families can enjoy a culinary tour of the islands.

Also included in the package are cultural dances from 7-8:30PM. To avail of the Seda Centrio’s Misto Graduation 10+1 offer, please call (088) 323-8888 today to place your reservations or book directly with the front desk.

Kare-kare

PLDT names grand champions of 6th PLDT myDSL broadband Quiz

T

he country’s largest online competition recently concluded as four student teams and four teachers from all over the country competed in the 6th PLDT myDSL Broadband Quiz. Tested on their computer and internet knowledge, Salvador Besares Jr. and Maveric Molina from RamonAvanceñaNational High School in Iloilo were named Grand Champions in the student’s category, while Mary Joyce Gazo of Potrero National High School in Malabon won in the teacher’s category.

Winners were awarded with cash prizes, as well as a computer showcase for their respective schools.

This competition is part of PLDT’s Infoteach Outreach Program, a community outreach program of PLDT Community Relations Division headed by Mrs. Evelyn M. Del Rosario that trains public school teachers and students on I.T. literacy. “Attuned to PLDT’s slogan, the program aims to change lives and produce the best individuals who are efficientlytrained and socially valuable. Thus to say, that through the program, even the most marginalized sectors in the country have an opportunity to really dream and realize their full potentials”, said PLDT ComRel’s Head, Mrs. Del Rosario “Studies have shown that I.T. literate countries are more likely to progress,

and this project is our way of helping the country grow, said PLDT Spokesperson Ramon Isberto during the event ABOUT PLDT PLDT is the leading telecommunications service provider in the Philippines.

Through its three principal business groups –fixed line, wireless, and Business Process Outsourcing or BPO– PLDT offers a wide range of telecommunications services across the Philippines’ most extensive fiber optic backbone and fixed line and cellular networks.

PLDT is listed on the Philippine Stock Exchange (PSE:TEL) and its American Depositary Shares are listed on the New York Stock Exchange (NYSE:PHI).

PLDT has one of the largest market capitalizations among Philippine-listed companies.

Winners of the 6th PLDT myDSL broadband Quiz Student Category Salvador Besares Jr. and Maveric Molina of Ramon Avanceña National High School in Iloilo with (L-R) Malabon City Mayor Hon. AntolinOreta III, Malabon City Vice Mayor Hon. Jeannie Sandoval, Iloilo Division ICT Coordinator Salvador Besares Sr., PLDT Community Relations Head Evelyn MamauagDel Rosario, UP Open University Dean Melinda DP.-Bandalaria, andIloilo PLDT employee-volunteer Rosalinda Borce.

For more information, please contact: Ramon Isberto PLDT Spokersperson (T) +63 2 5113101 (F) +63 2 5113100 Marlene E. Cinco EON The Stakeholder Relations Firm (T) +63 2 8935642 loc. 149 (F) +63 2 5113100 (E) marlene@eon.com.ph

Winner of the 6th PLDT myDSL broadband Quiz Teacher CategoryMary Joyce Gazo of Potrero National High School in Malabon with (L-R) Malabon Division ICT Coordinator Dr. EliseoRaymundo, Malabon City Vice Mayor Jeannie Sandoval,Malabon City Mayor Hon. AntolinOreta III, Ms. Hilda Caballa, Head-Math & ICT Coordinator of Potrero National High School, PLDT Community Relations Head Evelyn Mamauag- Del Rosario, and UP Open University Dean Melinda DP. Bandalaria.

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Bangsamoro... from page 2

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peace-building among the key objectives.

“Through extensive consultations, the BDP will set the strategic direction for the new Bangsamoro government by identifying potential areas for investment, private sector promotion, and cooperation with other regions in the country,” Dipatuan said.

“We therefore acknowledge with a sense of gratitude the timely assistance extended under the Mindanao Trust Fund and by other development partners, without which our aspiration to formulate the plan for the Bangsamoro will remain a dream,” he added.

The planning process for the BDP is funded by the $540,000 grant from the Mindanao Trust Fund (MTF) administered by the World Bank, which started in 2006 and under the $28-million multi-donor facility for conflict-affected areas of Mindanao.

Reflecting on the launch of the BDP planning process, Motoo Konishi, World Bank country director said that the crafting of the Bangsamoro Development Plan will help strengthen confidence in the ongoing peace process.

“The plan will outline strategies to build legitimate institutions to help foster a sense of security among Extra Judicial Settlement Notice is hereby given that the intestate late, Benigna Hinagdanan Pintacsi died intestate at aloran, Mis. Occ., on December 16, 1981 and Ricardo Pintacasi died intestate at Ozamiz City, on February 17, 1964.

Left a parcel of Land (Lot 10, Block 2 of the consolidation and subdivision plan PCS-2938, being a portion of the consolidation of Block 2 and Street Lot 24 described on plan PSD 18349, G.L.R.O Record No. 7680), situated in the District of Sampaloc City of Manila. Bounded on the NW by Lot 11, Block 2; on the NE., by Lot 6, Block 2, on the SW.,

by Calle Ibarra. Containing an area of Two Hundred Forty (240) square meters, more or less covered by Transfer Certificate of Title No. 72370 under Tax Declaration No. A-0490709, including the improvements thereon under Tax Declaration No. A-049-1494 is now the subject of Extra-judicial settlement of intestate of the late Spouses Benigna H. Pintacasi and Ricardo Pintacasi as per Doc. No. -211. Page No. 043. Block No. XXXVIII series of 2013, under Notary Public of Josephine Chiong Marave.

BWM: Feb. 28, Mar. 7 & 14, 2014

communities, get more children back to school, provide justice and create jobs. This is in line with global lessons on how to successfully address the roots of violent conflict,” Konishi said.

The BDP is supported by a broad range of development partners, including the Japan International Cooperation Agency, Asia Foundation, International Organization for Migration, and members of the United Nations country team including the United Nations Children’s Fund.

Likewise, the program is supported by the United Nations Development Programme, World Food Programme, United Nations Educational Scientific and Cultural Organization, United Nations High Commissioner for Refugees, and the International Labor Organization.

Government agencies supporting the BDA in the formulation of the BDP are the Office of Presidential Adviser on the Peace Process, National Economic and Development Authority as well as the Mindanao Development Authority.

The Departments of Health, Agriculture, Social Welfare and Development, Education, Public Works and Highways and Environment and Natural Resources and the Autonomous Region in Muslim Mindanao also support BDP. The BDA has been operating for more than 10 years. Since its creation on June 2, 2002, it has mobilized Bangsamoro professionals and volunteers to assist in development and humanitarian work in conflictaffected areas of Mindanao.

Aboitiz... from page 4

of 6 percent and 1 percent, respectively.

In the fourth quarter alone, AEV’s consolidated net income fell to P4.5 billion, a decline of 24 percent year-on-year.

Excluding non-recurring items, the conglomerate closed the quarter with a core net income of P4.6 billion, down 20 percent year-on-year.

The income contribution Aboitiz Power Corp went down by nearly a quarter to P14.2 billion at endDecember from P18.8 billion a year ago as earnings of the generation group slid by a third.

“The decline was mainly attributable to the lower margins registered by the Pagbilao plant, the higher fuel cost brought about by the implementation of the Geothermal Resource Supply Contract for the Tiwi-Makban plants, and lower ancillary sales by the Magat plant,”

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region Branch 28 Mambajao, Camiguin IN THE MATTER OF PETITION FOR SPL. PROC. NO. 2014-482 CORRECTION IN THE ENTRIES OF THE CERTIFICATE OF BIRTH OF ANTONIO J. CADELIÑA JR. , ANTONIO J. CADELIÑA , JR., Petitioner, -versusLOCAL CIVIL REGISTRAR OF GUINSILIBAN, CAMIGUIN,

Respondent. x-----------------------------------/// ORDER Let this case be heard on June 30, 2014 at 2:00 o’clock in the afternoon, at this court. The Local Civil Registrar concerned and any person having or claiming any interest under the certificate of live birth whose correction is sought may, within fifteen (15) days from notice of the petition, file his or her opposition thereto.

At the expense of the petitioner, let a copy of this order be published once a week for three (3) consecutive weeks in a newspaper of general circulation in the Province of Camiguin.

SO ORDERED. Mambajao, Camiguin, March 3, 2014.

(Sgd.) JEOFFRE W. ACEBIDO

Acting Presiding Judge BWM Mar. 14, 21 & 28, 2014

AEV said.

Likewise, the generation group’s average price for its power dipped 3 percent year-on-year due to the 7 percent drop in the average selling price of the group’s bilateral contracts.

The earnings share of Union Bank of the Philippines jumped 7 percent to P4.1 billion from P3.9 billion, as net revenues increased by nearly a fifth on the back of marked improvements in net interest income and other income.

Pilmico Foods Corp registered a 3 percent drop in profit contribution to P1.3 billion last year as the strength of the farms and flour division failed to offset the weakness in the feeds segment, which was weighed down by higher input costs.

Aboitiz Land Inc posted a consolidated net income contribution of P273.5 million in 2013. Total revenues stood at P1.8 billion, 57 percent of which came from the residential segment while the industrial segment contributed 40 percent. The commercial and property management business segments comprised the balance.

For this year, AEV is earmarking P88 billion for its capital expenditures, higher than the budgeted capex of P59 billion in 2013.

Exports... from page 4

both host large numbers of Filipinos.

In 2013, NAI exports rose by 20 percent over 2012 levels. “We are well on track against our targets to double the business,” said Richard Rebollido, the company’s international business manager.

Nutri-Asia produces the popular brands Datu Puti, UFC, Mang Tomas, Jufran and Papa, Golden Fiesta and Hapi Fiesta for products like vinegar, soy sauce, spaghetti and lechon sauces, cooking oil, banana catsup, among others.

Most of these products comprise the core of its export business, but the company’s lineup now also includes sweet preserves and Asian noodles.

The company’s exports have grown steadily since its first shipment in 1991. But in the past four years, sales became more brisk as mainstream stores in the United States, Canada and in the Middle East started to carry its products, Rebollido added.

Nutri-Asia products can now be found on the shelves of Safeway, Wal-Mart and Albertsons in the US; and Sobey’s and Loblaws in Canada; Tesco in the UK; and Carrefour and Hyper Panda and Lulu’s in the Middle East.

Its other export markets also include Asia-Pacific countries with a big overseas Filipino population such as Taiwan, Japan, Malaysia,

Singapore and Brunei, Australia, New Zealand and Micronesia. In Europe, it exports to Austria, France, Germany, Ireland, Italy, Norway, Spain and Sweden, among others.

The Middle East, which hosts about 2.4 million OFWs, has shown strong numbers with export values up by 40 percent in 2013 compared to the year-ago level.

Nutri-Asia is also boosting its presence in the US where it recently re-launched certain product lines such as sauces in promotional events like adobo festivals and sampling activities.

In the Philippines, the company has carved a niche in the condiments and sauces market. It is the first and only branded local condiments company that is certified by global institutions for its compliance with systems and best practices that make sure its products are safe and clean.

Vista... from page 4

the company said.

“Our plans of tapping the retail bond market for the first time is part of our overall strategy to diversify our sources of funding,” Manuel Paolo Villar, Vista Land chief executive officer, said.

The company earlier said it plans to put up more house-and-lot developments in 35 key cities in the country within the next two to three years.

Chairman Manuel Villar Jr. said the company plans to establish the Camella Homes brand in about eight to 10 cities this year, as Vista Land will focus more on house-and-lot projects rather than on high-rise developments.

“We are focusing on Camella Homes because that’s what the people wants to buy. That is becoming now an aspirational for many especially those living in the provinces,” Villar said.

He did not specify the location of the projects but said the company still has a lot of ground to cover, and these locations could be in secondand third-tier cities.

Villar said Camella Homes still has no presence in Valencia, Bukidnon and Zamboanga in Mindanao; Samar in the Visayas; Nueva Vizcaya, Cauayan, Isabela and Zambales in Luzon.

The company may also add two new sites in Pampanga and three in Bulacan.

Vista Land said it is posting an average of P12 billion in sales for every quarter. As of the third quarter ending September, sales have reached P35.5 billion, higher by 18 percent from last year’s P30.1 billion. The company is targeting to hit a record of P46 billion in sales last year.

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Gadgets... from page 1

of Tr ans p or t at i on an d Communications (DOTC) to fast tracking a more advanced navigational system which hopefully would enable pilots of domestic airliners now serving the airport to land and take off even in inclement weather.

“We are now testing a new Global Positioning System (GPS) satellite based system which if successful, could be implemented in two months,” said Engr. Jose P. Bodiongan, CAAP Area IX Manager during the general assembly of the Cagayan de Oro City Tourism Council (CTC) held Tuesday at the City Hall’s Executive House.

Dubbed the Performance Based Navigation (PBN) system, Mr. Bodiongan said the present fleet of Airbus A320s now serving the airport is already equipped to operate within the system which would facilitate a smooth transition to an upgrade from its present status as an exclusively Visual Flight Rules (VFR) airport. Required Navigation Performance (RNP) appro aches and associated procedures can be performed by any Airbus aircraft equipped with GPS and the second-generation flight management system (FMS2).

RNP represents the latest in navigation techniques, allowing aircraft to f ly precisely along a predefined route using state-of-the-art onboard navigation systems and the GPS – resulting in improved efficienc y, capacity and environmental performance for the global air transportation system.

Additional benefits of RNP include improved precision of flight operations and increased access to airports – particularly in low visibility conditions; while requiring fewer groundbased instrument landing aids, decreasing flight time and fuel consumption, and reducing noise and emissions.

“Pilots need to have a vertical ceiling of 5,000 meters and visibility of 1,500 meters to be allowed to land in Laguindingan under the present Visual Flight Rules,” said Mr. Bodiongan. “When we had to the unusual climate conditions last January, we had no choice but to disallow many flights from landing w hen t hes e condit ions necessary for VFR landings were not met.”

Flight statistics at the Laguindingan Airport complied by the CAAP show that for the 10-day period covering January 10-22, 2014 some 304 commercial flights or 56 percent of 546 scheduled flights were cancelled due to limited visibility brought by inclement weather and the lack of landing lights and navigational aids.

Flight cancellations over the period averaged 12 flights a day or 57 percent of the 21 flights scheduled daily. The bulk of the cancellations occurred during the period

Jan. 19-22 with 74 flights or 49% of the total 152 cancelled due to Tropical Storm Agaton and the Low Pressure Area (LPA) which immediately followed.

Howe ver, the CAAP official said should tests now being conducted by CAAP prove satisfactory, the new PBN system which ut i l i z e s G P S s at e l l it e s could be operational in two months time, vastly improving Laguindingan airport’s capability to receive aircraft safely even in adverse weather.

The Performance-Based Navigation (PBN) concept allows for the optimization of the instrument procedure through the aircraft navigation performance, without the need for groundbased navigation aids which would be commissioned by the last quarter of 2014 yet, Mr. Bodiongan said.

PBN allows an aircraft to fly precisely along a predefined route using a GPS. This concept is used en route, and can reduce aircraft separation, including the terminal area, and used to optimize arrival and departure procedures.

The CAAP, in consortium with the Direction Générale de l’Aviation Civile, (DGAC or French Civil Aviation Authority), and Airbus S.A.S. subsidiary Quovadis, an air navigation service (ANS) provider, is supporting the development of a full PBN network at 11 major airports in the Philippines. The program is also supported by the French Civil Aviation University (ENAC) and Philippine airline operators Philippine Airlines, Cebu Pacific Air, PAL Express and Zest Airways.

Besides Laguindingan, the major airport radars that will be upgraded with next-generation air-traffic management systems include NAIA, Puerto Princesa, Zamboanga, Butuan, Dumaguete, Legaspi, Iloilo, Clark, Bacolod, Tacloban, Kalibo, Laoag and Subic.

The current aviation navigation procedures in the country require aircraft to use ground-based navigation systems, such as the distancem e a s u r i n g e q u i p m e nt , very high-frequency omnidirectional range and radar which lead airlines along zigzag routes in the sky to follow pre -determined routes defined by the ground based nav-aids.

The PBN does away with such tracks or radials, and instead allow airliners to follow “aeronautical highways” more accurately and directly to their destinations.

The program aims to build CAAP’s expertise in various domains for safe and efficient PBN implementation, which includes procedure design, obstacles data survey training and training for air traffic controllers and flight safety inspectors.

Up o n t h e p r o j e c t’s c ompl et i on, t he ent i re region will benefit from the

11

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advantages of increased air traffic management capacity, reduce emissions through shorter tracks and transform Philippine airspace into one of the world’s most advanced PBN-optimized areas.

Enigma... from page 1

Jerome Soldevilla, communications executive of STEAG Power Inc., said that engineers were still evaluating the reason that disabled the plant’s turbines during the blackout in the morning of February 28, 2014.

The STEAG State Power Inc., is the only coal plant in operation in Misamis Oriental that generates 210 Megawatt of electricity distributed through the state-owned National Power Corporation (NAPOCOR), Soldevilla said.

He said that the STEAG power plant has an “unscheduled” maintenance of its two big turbines that generate the 210-Megawatt e l e c t r i c it y j u s t a s t h e Mindanao wide blackout took place last February.

He said that the engineers are still determining the extent of the damage. It would take two to three months before the plant would be operational since its parts would be imported, Soldevilla added.

The STEAG coal fired plant, modeled after German technology, became operational in 2006. The plant contributes 18 to 20 percent of Mindanao’s power requirements in partnership w i t h t h e NA P O C O R , Soldevilla said.

He said that the plant undergoes regular power plant maintenance to keep its operation in top shape. However, the plant underwent an “unscheduled” maintenance because of failure to generate power following the Mindanao wide blackout.

The Nat iona l Gr id Corporation of the Philippines (NGCP), the entity that distributes power generated by NAPOCOR, could not also determine the cause of the power outage described by NGCP officials as “transmission disturbance.”

NAPOCOR also maintained that its power generation facilities in Lanao del Norte were operating normally at the time that the Mindanao wide blackout happened.

“We do not have any idea if there was a connection of the sudden failure of the plant’s turbines to the island wide blackout,” Soldevilla said. (PNA)

READ!

BDO... from page 5

country’s best in private banking services overall, a citation it also garnered the previous year.

The survey is considered t h e i n du s t r y ’s l e a d i n g barometer of the world’s best service and product providers to the world’s wealthy. It covers more than 35 different product and client categories on a global and regional basis, and has ranking results in 73 countries. The results are based on a combination of bank-provided data and peer review.

A subsidiary of Henry Sy-owned BDO Unibank, BDOPB offers an extensive menu of private banking and wealth management services anchored on its openarchitecture philosophy. By open-architecture, clients are presented the various options to manage their wealth depending on their objectives.

ABELLANOSA Lechon House Corner Magsaysay Abellanosa St., Cag. de Oro City MANAGED BY :

KUYA ABS CDO EAGLES CLUB WE ACCEPT ORDERS: LECHON, HALANG-HALANG or SAMPAINA

FREE DELIVERY WITHIN CITY PROPER Contact:

09353742908 / 09265949729 / 0883091150

DBP... from page 5

on-year surge in deposits to P251.08 billion.

“2013 was a great year, but challenges lie ahead such as the ever increasing industry competition and stricter capital regulations,” DBP president Gil A. Buenaventura said.

He s aid t he b an k is gearing up to support the inclusive growth strategy of the national government as stated in the Philippine Development Plan.

DBP finances projects under the Aquino administ rat ion’s Public Private Partnership (PPP) Program. The lender plans to expand its PPP financing program to include projects of local government units (LGUs).

DBP closed 2013 with a capital adequacy ratio of 24.33 p ercent b as e d on Basel II. It provided no information on how this ratio fares with the i mpl e m e nt at i on of t h e stricter Basel III starting January this year.

“DBP continues to be well-capitalized and w i l l c ont i nu e t o fo c u s o n t h e b a n k’s n a t u r a l gover nment e cosystem, the water districts, electric co op eratives, and lo cal gove r n m e nt u n it s . As we support the priorities of government, DBP will a ls o t ap publ ic- pr iv ate partnership projects and other large infrastructure projects for their financing needs,” Buenaventura said.

ASIA WORLD PAWNSHOP

Main: Osmeña-Cogon Market, Cagayan de Oro Branch: Ipil,Carmen , Cagayan de Oro NOTICE OF AUCTION SALE Starting March 7 , 2014 at 9:00 A.M. to 5P.M., this establishment will set an Auction Sale on all pledges since October 2013 . Patrons are enjoined to verify their receipts.

MANAGEMENT PAHIBALO

Sa Marso 7, 2013 sa may 9:00 sa buntag paingon da alas 5:00 sa hapon, ang Tanan nga penirenda nga wala malukat sa bulan sa Oktobre 2013 maapil sa subasta.

Giawhag ang tanan suki sa pagsusi sa ilang resibo.

ANG TAGDUMALA

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

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CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

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fri-sat|march 14-15, 2014

ORO CHAMBER BOARD VISITS VIETNAM. Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc. (Oro Chamber) President Mr. Efren T. Uy and Vietnam Chamber of Commerce and Industry-Ho Chi Minh chapter (VCCI-HCM) General Director Mr. Vo Tan Thanh lead the strategic planning and signing of partnership agreement during the visit of the Oro Chamber Board of Trustees in Vietnam recently. The two trade groups agree to foster friendly and continuing cooperation between the two chambers; exchange information and perspectives on business and economic conditions, business opportunities, and ways and means to enhance international trade and; and extend mutual advice and assistance as may be appropriate and needed, among others. Photo supplied

Orochamber to conduct tax forum on March 14

By CHENG ORDOÑEZ Associate Editor

THE the Cagayan de Oro Cha mber of C om merce and Industry Foundation Inc. (Oro Cha mber), i n partnership with Cagayan de Oro Filipino-Chinese Cha mber of C om merce and Industr y (CDO FilChi) and Misamis Oriental Filipino-Chinese Chamber of Commerce and Industry (MOFCCCI), will hold a “Tax Updates Forum” on March 14, 2014, at Hotel C onc h it a , Ya c api n St ., Cagayan de Oro City. “ W it h t h e A pr i l 15 income ta x pay ment and f i ling dead line fast approaching, it will benefit businessmen to be wellinformed on the latest tax updates and rulings by the Bureau of Internal Revenue (BIR),” the Oro Chamber said.

The forum will be held from 1:30 to 5:00 pm with BIR’s Assistant Revenue District Off icer Samson Carcueva Jr. and Revenue District Of f ice Chief of Staf f Lawrence Cabeltes as speakers.

To pi c s a r e e x p o b e tack led a re (1) Revenue Regulation (RR) 12-2013: Amending Section 2.58.5 of Revenue Regulations; (2) No. 2-98, as amended, Relative to the Requirements for Deductibility of Certain; (3) Income Payments; (4) RR 17-2013: Preservation of Books of Accounts and Other Accounting Records; (5) RR 2-2014: New Income Ta x F o r m s ; (6 ) R M C 8-2014: Presentation of Tax Exemption Certificate or Ruling by Exempt; and (7) Individuals and Entities.

The Oro Chamber

Secretariat said everyone is welcome to the forum.

Members in good standing may attend free of charge while a fee of Php 250.00 will be charged to inactive members, non-members and walk-in participants.

Interested participants are adv ised to contac t Oro Cha mber t hrough (088) 858-4068 or 309-0951 or em a i l at oro c h a mb er@ gmail.com.

STRATEGIC PLANNING M o r e o v e r, t h e O r o Chamber, in partnership w i t h AG F C o n s u l t i n g Group, will hold the longawaited Strategic Planning Training dubbed as “The 5 Building Blocks to Excellence.”

T his w i l l be held on March 19 at 1:00 pm – 5:00 pm and March 20 at 8:00 am – 12:00NN, 2014, at the PUM-Conference Room of Oro Chamber Business Development Center, at PN Roa Avenue, Pueblo de Oro Township, Cagayan de Oro City.

The training aims to coach businessmen on the appropriate, proven and effective ways in conducting their own business’ strategic planning.

Among t he topics to be d iscussed a re t he following: Basics of Strategy and Strategic Execution, Strategic Planning Process, Case Analysis in Strategic E xe c ut ion, D e ve lopi ng Strategic Planning, Formulation of Strategic Goals and Objectives, The Ba la nce Scoreca rd, The Five Force s t hat Shape Industry Competition, Why

Execution Fails? and Keys to Effective Planning.

Reg ist rat ion Reg u la r Rate is Php 3,000. Group Rate for a group of f ive will pay only Php 2,500 per person, and for the walk – in participants, registration fee is pegged at Php 4,000.

To conf irm at tenda nce, i ntere s te d pa r t ic ipa nt s may contact Oro Chamber Secretariat.

VIETNAM VISIT Meanwhile, the Board of Tr u ste e s of t he Oro Chamber visited Ho Chi

Minh City, Vietnam, last February 26 – 28, where they held their Strategic Pla n n i ng a nd for ma l ly signed a Memorandum of Cooperation (MOC) with the Vietnam Chamber of Commerce and Industry – Ho Chi Minh Chapter.

Signed by t he Oro Chamber President, Mr. Efren T. Uy, and VCCIHCM Genera l Director, Mr. Vo Ta n Tha n h, t he MOC aimed, among others, to (a) Foster friendly and cont i nu i ng cooperat ion

between the two chambers; (b) Exchange information and perspectives on business and economic conditions, business opportunities, and ways and means to enhance international trade and; and (c) Extend mutual advice and assistance as may be appropriate and needed.

The new par tnership is in line with the goal of t he Chamber to expand connections and linkages to foreig n cou nter pa r ts so that information, best practices and other business

perspectives will be shared with other chambers, in and out of the country.

During t he Trip, t he Board of Trustees also made their Strategic Planning where they reviewed last y e a r ’s p e r for m a nc e i n light of its vision, mission and objectives. They also f inalized the Chamber’s b u d g e t f o r 2 014 a n d identified its key programs, including key advocacies and a new major convention which will take the center stage this year.

The Honorable DBM Secretary, Florencio B. Abad (sitting 3rd from left) and the members of RDC-X

RDC-10 endorsesP65.9B NorthMin priority programs, projects for 2015 CAGAYAN DE ORO CITY -- A total of P 65.926 billion is being proposed by 22 regional line agencies (RLAs) and seven state universities and colleges (SUCs) in the region with budget allocation highest for the Social Sector (52%) followed by the Infrastructure Sector (41%); Economic Sector (7.0%); and the Macro Sector (0.72%).

This was endorsed by Regional Development Council of Northern Mindanao (RDC-10) as priority programs and projects for implementation in 2025.

The RDC, during a special meeting held on March 12, 2014, here in Cagayan de Oro City said, “the endorsement of the budget is geared towards the attainment of inclusive growth and the realization of Region 10’s vision of becoming the gateway and industrial core and trade center in the south.”

With 80 percent of the members in attendance, the activity was steered by acting RDC-10chairand NEDA10 Director Leon M. Dacanay Jr.with the Budget and Management Secretary Florencio B. Abad as the guest speaker.

Secretary Abad discussed about PerformanceInformed Budgeting which is not just about reforms, putting a human face of the budget, and concretizing

what was done in the delivery of programs and services.

“Rather, it is defining before our people, our values and what we want to aspire for, what we want to achieve, and our goals for our society,” he said.

Secretary Abad emphasized the need to tailor-fit programs and projects with what is really needed in the communities targeting the poorest and most vulnerable to alleviate poverty.

“With Northern Mindanao having the largest prospect of economic growth, the members of the RDC has the profound role of ensuring that the regional budgets sustain economic expansion, provide employment and livelihood opportunities. Inclusive growth will never happen unless there are livelihood and income opportunities on the ground,” Secretary Abad said.

Sec. Abad said the four priorities in the 2015 budget as follows: (1) strengthening social safety nets for the poor through the PantawidPamilyang Pilipino Program (4Ps); (2) paving the roads to have rapid and sustainable economic growth; (3) creation of more jobs and livelihood; and (4) climate-proofing the geo-hazard areas.

The budgets were presented by the Chairs/Co-

Chairs/Vice-Chairs of the Sector Committees. Director ReneBurdeos presented the Macro and Development Administration Sector requirement of P473.601 million for the regional offices of DOLE and DILG. Ms. Emma Nieva requested support to the P4.327 billion requirement of the Economic Development sector (DA, BFAR, DAR, DENR, DOT, DTI, and DOST). Mr. Jordan IanApatasked the body’s endorsement of the Social Development Sector requirement of P34.328 billion for DepEd, CHED, DOH, DSWD, NHA, TESDA, BSU, CMU, CPSC, NMSC, MOSCAT, MSU-IIT and MUST. Dr. Modesto Babaylan requested the endorsement of the P26.797 billion requirement of the Infrastructure and Utilities Sector agencies (CAAP, DPWH, LTFRB, LTO, MARINA, NIA, & NTC).

Director Dacanayassured the body that the proposals have passed technical review by the sector committees on March 5, 2014 to ensure consistency of the region’s priorities with the President’s Social Contract and the sectoral outcomes indicated in the Regional Development Plan and Investment Program for 2013-2016.

The proposed FY 2015 budgets of the RLAs and SUCs will be endorsed to their respective agency central offices for consideration. (Peleta B. Abejo, DRD, NRO-X)