BusinessWeek Mindanao (March 26, 2014)

BusinessWeek MINDANAO

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Volume IV, No. 81

Market Indicators As of 6:07 pm mar. 25, 2014 (Martes)

FOREX

PHISIX

US$1 = P45.06

6,400.67 points

5 cents

X X Briefly 61.41 points

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Fire trucks THE Bureau of Fire Protection in Northern Mindanao has turned over three units of high-end fire trucks to three cities in Northern Mindanao on Monday, acting Regional Fire Marshall Lynde Lauson said on Tuesday.

He said that the fire trucks were for Cagayan de Oro City, Iligan City, and Malaybalay City fire departments.

“This is the first time that Northern Mindanao received three fire trucks in time for the country’s celebration of the fire prevention month in March,” Lauson said during the turnover of the fire trucks at the city hall compound here.

He said that the fire trucks have the capabilities to suppress fire efficiently. The reinforced fiber glass water tanks, with a load capacity of 1,000 gallons of water, do not rust and were 35 percent lighter than the ordinary tank.

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Wednesday|March 26, 2014

P15.00

Power reserve sought D

By CARMELITO Q. FRANCISCO Correspondent

AVAO City -- Mindanao groups are asking the National Grid Corp. of the Philippines (NGCP) to establish a contingency capacity that may be tapped in an emergency such as that of Feb. 27.

Villages funds SIX barangays in Cagayan de Oro City can now implement their respective infrastructure projects funded under their respective 20% barangay development funds.

This after the City Council during its regular session Monday presided over by City Vice Mayor Caesar Ian E. Acenas passed separate resolutions returning the barangay ordinances covering 2014 annual budgets of Barangays No. 26, 27, 38, Pigsag-an, Tagpangi and Tumpagon noting among others that the ordinances are in order and may be given force and effect.

Barangay Tumpagon allocated P273,750 of its P2,039,150 for the construction and fabrication of bleachers at the barangay covered court while Barangay Tagpangi allotted so much amount from its P2.2 million budget for the rehabilitation of its barangay swimming pool and construction of a public comfort room.

THE

SCAVENGING. A farmer tries to separate the rice grains from the stalks using a traditional method relying on the wind and gravity from the leftover of the rice threshing in barangay Lemon in Butuan City. mindanews photo erwin mascarinas

Troubles at the Agus 1 and other Mindanao power plants led to last month’s massive blackout.

Romeo M. Montenegro, public affairs division head of the Mindanao Development Authority (MinDA), said that this demand came out during meetings with representatives from government agencies and business chambers.

The NGCP’s limitation, said Mr. Montenegro, is that it does not have any power

within the grid to contract even as Mindanao power supply has been in critical condition.

The state firm said it would issue a statement on this issue but has not yet done so, as of press time.

Mindanao experienced widespread blackouts in the early morning of Feb. 27 as several power plants tripped in succession, based on a statement on the Department power/PAGE 11

Power forum to highlight ARMM prepares for pact signing; spot market experience upbeat on investment prospects THE Institute of Integrated Electrical Engineers of the Philippines-Northern Mindanao (IIEE-NM) and the Mindanao Coalition of Power Consumers have joined forces to present the Interim Mindanao Electricity Market (IMEM) experience in the Mindanao Power Forum Update II scheduled on Friday, 28 March 2014 at the Emerald 2 Ballroom,

Limketkai Luxe Hotel in Cagayan de Oro City.

“We are inviting the general public, especially consumer groups, distribution utilities (DUs) and generation companies (GENCOs) to join us in this forum where the MCPC will share their findings about the first month of IMEM operations in Mindanao,” forum/PAGE 11

Alsons to build hydro projects in Mindanao ALSONS Energy Development Corp., the power unit of the Alcantara Group, plans to develop runof-river hydropower plants in Mindanao to diversify its power portfolio, a company official said.

“We are embarking on developing run-of-river hydro

projects. The capacities of the projects we are developing are smaller than those currently operating hydroelectric power plants in Mindanao because there are no more potential hydro sources in the island that can generate capacities comparable with alsons/PAGE 11

MARAWI City -- The Aut on om ou s R e g i on i n Mu s l i m M i n d a n a o (ARMM) is preparing to welcome the signing of the Comprehensive Agreement on the Bangsamoro (CAB) between the government and the Moro Islamic Liberation Front (MILF) come March 27 with meaningful activities across the region.

ARMM Executive Secretary Laisa Alamia said there will be “a celebration of peace in the Bangsamoro.”

Large screens will be set up inside the ARMM compound in Cotabato City so that people can witness the signing as it happens.

The region’s officials and employees will also offer prayers in support to the peace agreement.

On the night of March 27, a music and cultural fest will be held at the open grounds of the ARMM governor’s office.

Alamia said similar activities will be simultaneously held in each of the five component provinces and two cities of the region.

WELCOME BANGSAMORO GOVERNMENT. A vendor staples a Moro Islamic Liberation Front (MILF) flaglet to its barbecue stick pole in a shop in Cotabato City. He sells the flaglets for P30 in preparation for the March 27 formal signing in Malacanang of the Comprehensive Agreement on the Bangsamoro (CAB) between the government and the MILF. mindanews photo by toto lozano

The ARMM has been, at the outset, supportive o f t h e p r e s e nt p e a c e process with ARMM Governor Mujiv Hataman consistently pronouncing readiness to step aside to make way for provisions of the comprehensive peace agreement.

Investment haven The C omprehensive Agreement on the

Bangsamoro (CAB), which will hopefully brings peace in the troubled region, is also expected to bring in new investments and new opportunities.

This was noted as the historic signing of the agreement is scheduled on Thursday, March 27, to end four decades of armed conflict in Mindanao. armm/PAGE 11

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Economy

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PhilHealth to implement paperless transactions ILIGAN City -- The Philippine Health Insurance Corporation (PhilHealth) w i l l f i na l ly i mpl e me nt p ap e r l e s s t r a n s a c t i on s t h rou g h t he E n hanc e d Health Care Institution Portal.

Christine Mae GarciaMagno, branch head of the Local Health Insurance Office of PHilHealth Iligan, said they aimed at having it done in all PhilHealth Accredited Hospitals by the end of March 2014.

This hospit a l p or t a l minimizes the need to secure a Member Data Record (MDR) from the PhilHealth Office because hospitals can now easily view a members’ record electronically and can also immediately determine

if the member has sufficient premium contributions necessary to avail, explained Magno.

Hence, all PhilHealth members shall only secure updated records and diligent premium remittance

including immediate posting of remittances by employers to avoid delays.

Magno added, once the hospital portal declares that a member is not qualified due to lack of premium contributions, the member shall be instructed to submit the necessary supporting

documents such as the PhilHealth Official Receipt for the Informal Economy (Self-employed/Voluntary/ OFW) or the e-RF1 from the Formal Sector (Employed).

In Iligan City, majority of the hospitals already enjoy the advantage of the hospital portal, Magno disclosed.

Butuan ties up with RLAs for livelihood improvement NYC urges youth participation in BUTUAN City -- To alleviate the livelihood of its citizens, the city government here creates partnership with regional line agencies (RLAs) after the Memorandum of Understanding with the Congressional Office of Lawrence Lemuel H. Fortun, Department of Trade and Industry (DTI), and Technical Education and Skills and Development Authority (TESDA) was formally signed over a short ceremony to close the Forest in the City

Hall Exhibit at the city hall lobby, recently.

Part of the economic and social interventions that will be carried out will be livelihood programs and skills training for economicallychallenged families.

The DTI will ensure the increase in livelihood options while the TESDA will make certain for the increase in employment opportunities to the unemployed 4Ps beneficiaries. rla/PAGE 10

disaster risk reduction efforts

By JASPER MARIE OBLINA-RUCAT Contributor

T H E N a t i o n a l Yo u t h Commission (NYC) urges council members to include youth in their programs especially in participation of disaster risk reduction efforts.

N YC C om m i s s i on e r representing Mindanao Earl Saavedra, in the recent meeting with the Regional youth Advisory Council here, said that part of the nine point agenda of the Mi n d an a o yout h i s t o maximize their involvement and increase participation in all development processes including environmental sustainability and disaster risk reduction and mitigation.

He said that based on findings more than half of the youths do not know how to swim. He said that part

of participating in disaster response would be basic skills such as swimming. He urged the council if they could tap with the Philippine Coast Guard for this training.

Further, the major issues of the youth today include employment, education, health, environment, youth participation, Sangguniang Kabataan, youth policy, access and quality youth programs and youth rights.

Saavedra said that the Mindanao Youth Nine Point Agenda will contribute to the Philippine Youth Development Plan wherein such issues will be addressed.

He said that they will be making a compendium of youth programs and services available for the youth in nyc/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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CorporateWorld

Vista Land planning P40-B Davao projects

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RESORTS, HOTEL & RESTAURANTS 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

the 24,000 housing units that the company targets to build all over the country. Part of the P28 billion earmarked for projects this year will be set aside for Lumina projects.

The company will also build a Star Mall shopping

Petron logs P5.1-B net income on higher sales

By MYRNA VELASCO, Contributor

IMPROVED sales boosted Petron Corporation’s net income to P5.1 billion last year, a significant jump from P1.78 billion in 2012.

The country’s leading oil firm said the higher sales volumes were registered both in its Philippine and Malaysian operations.

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DIRECTORIES

By CARMELITO Q. FRANCISCO Correspondent

DAVAO City -- Vista Land & Lifescapes, Inc. plans to spend up to P40 billion on new projects here over the next six years, the company’s founder said in a visit last weekend.

“Bigger areas in this city will be opened this year (for development),” former senator Manuel B. Villar, Jr., chairman of the company, told local journalists.

M r. Vi l l a r s a i d t h e c omp a ny i s l au n c h i n g nationwide through Camella Communities a “low-cost housing system” dubbed “Lumina.”

Unlike the Camellla brand whose price starts at about P1.2 million, the price of a Lumina package ranges from P400,000 to less than P1.2 million.

Vista L and, he said, is setting up 12 Lumina projects this year as part of

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“The company reported a 10 percent growth in sales volumes for the period reaching 81.5 million barrels from 74.3 million barrels in 2012,” Petron has emphasized in a statement to the media.

The oil firm explained that the sales up-tick “can petron/PAGE 10

complex in its 50-hectare Cerritos project in Mintal district, about 15 kilometers southwest of the city proper.

The company will also put up a commercial complex w it h i n it s Nor t hp oi nt condominium project just

outside Davao’s central business district.

Aside from these initiatives, Vista Land has also started building houses in its 27-hectare property in the northern part of the city vista/PAGE 10

GT Capital takes control of another Toyota dealer

THE holding firm of tycoon George Ty has taken control of another Toyota dealership.

In a disclosure to the Philippine Stock Exchange, GT Capital Holdings Inc said it bought 62.42 million common shares of Toyota Cubao Inc from other Ty-led firms at P4.99 per share for P311.50 million. The shares represent 79.84 percent of the

Arts in the Corner:

dealer’s outstanding capital stock.

“The acquisition of Toyota Cubao further strengthens GT Capital’s strategic position in the auto sector, as it prepares for the motorization phase of the Philippine economy, during which steady growth in auto sales is expected,” GT Capital president Carmelo gt/PAGE 10

Danny & Clark Dual Art Exhibit

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

The Exhibitors Doc Canete (right) and Danny (left).

Ridge View Chalet 8588946 / 8587946 Fax: 8588946

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

VISIT OUR WEB PORTAL “Japanese Garden” and “Horse” painting of Doc Canete.

Danny’s painting, the “Tari”

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AggieNews

DA honors 2013 Agri-Rice Achievers

T he D e p a r t m e n t o f Agriculture (DA) has given due recognition to the top per for m i ng prov i nces, c i t i e s /mu n i c i p a l i t i e s , IAs, SWISAs, and AEWs for their significant and outstanding contributions to t he cou nt r y ’s r ic e industry.

The Agri-Pinoy Rice Achievers’ Awards is part of the DA’s interventions and incentive system to all those who helped in producing and attaining higher average yield per hectare, promoting the use of high quality seeds and employing modern rice farming technologies for food sufficiency.

In a fitting ceremony, Secretar y Proceso J. A lca la toget her w it h Unders ec re t a r y Da nte S. Delima handed over t he awa rd s to t he top 12 provinces, 48 cities/ mu n icipa l it ie s , 10 Irrigator’s Associations (IAs), three (3) outstanding Small Water Impounding System f a r mer’s Associations (SWISAs) a nd 4 9 6 A g r ic u lt u r a l

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E x t e n s i o n Wo r k e r s (A EWs) nationw ide on Ma rch 14 , 2014 at t he Resorts World Manila.

Region 10’s awardees include the provinces of Bukidnon represented by Prov incia l Agricu lture Of f icer A lson Qu i mba a n d L a n a o d e l No r t e represented by t hei r Prov incia l Governor Moha mad K ha l id Q. Di maporo received P4 million worth of project grant, while the City of Malaybalay represented

by Cit y C ou nci lor for A g r ic u lt u re , A nt hony O t to B a r ros o a nd t he municipality of Lala, Lanao del Norte represented by Mayor Allan Lim, received project grant worth P1 million each.

Meanwhile, the Sa n Jua n Impasug-ong L a For t u na Ir r igator’s Association (SILFIA) of Impasug-ong, Bukidnon re pre s e nt e d by M r.

E d i lber to Ba ng is a nd M a r a nd i n g , Cu r v a d a , De Asis, Bagong Silang, Sto. Tomas, Kapatagan, Panloon/Pancilan, Naga

Irrigators Associat ion, Inc. (MACABASAKPA) r e p r e s e nt e d b y M AO Francisco Bihod of K apat a ga n, L a nao del Norte received their award of P1 million worth of proje c t g r a nt a nd for SW ISA , t he Na z a reno Ga muta n Ag r icu lt u ra l Development Irrigator’s Association (NGADIA) re pre s e nt e d by M r.

E ld ibr a ndo Ta r uc got P500,000 worth of project grant.

T he 18 A E Ws m e a nw h i l e e a c h t o o k home a cash i ncent ive amounting to P20,000 for their effort in helping rice farmers to increase their rice harvest. All of the above awardees also received an Agri-Pinoy trophy.

Now on it’s 3rd year of implementation, the search aimed to commend the hard work and support e x t e nd e d by f a r m e r s , agricultural technicians and loca l leaders in increasing productivity and income among rice farmers. # SVAdecer

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Banking&Finance BSP supports move to lift bank secrecy law THE Bangko Sentral ng Pilipinas (BSP) is supportive of moves to lift the laws of deposit secrecy.

BSP Governor Amando Tetangco Jr. told reporters that this issue is included in the proposed amendments in the central bank’s Charter.

The ce nt ra l b an k is proposing the lifting of the laws on bank secrecy to strengthen its capacity to detect fraudulent transactions, which are now protected by bank secrecy law.

Tetangco explained that BSP examiners should be allowed to look into the accounts “if necessary in the course of the examination

of a bank” to check for deceitful transactions.

“Once the proceeds of the fraud are deposited then the trail for us becomes cold. We cannot look into the account,” he noted.

Earlier, Internal Revenue Commissioner Kim JacintoHenares raised the need to lift the bank secrecy law to help the government on tax matters.

She said there is a global initiative to establish a single standard that would address tax fraud and the Philippines has to be part of it to protect the integrity its tax system and address tax evasion.

Un d e r t h e l a w s o n bank s ecrec y, f inancial

total capital adequacy ratio management,” Security Bank said.

At end-2013, the bank’s Basel 2 capital adequacy ratio (CAR) stood at 15.5 percent, while its tier 1 CAR at 15.1 percent -- both well above the BSP’s minimum requirements.

Security Bank is boosting its consumer lending business by targeting the mass affluent market. The lender plans to double last year’s 10 percent growth in its retail banking, opening 24 branches mostly in Metro Manila.

“In order to support continued business expansion, the bank will be capitalizing on the markets’ robust liquidity and will be addressing the demand for viable alternative investment instruments,” the lender said.

Last December, the bank redeemed Basel 2 compliant

wednesday|march 26, 2014

OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

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 – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727

institutions are prohibited to divulge any information of their clients’ accounts unless the account holder gives the go signal.

A court order is required before anyone can get any

information about a person’s bank account details.

Lawmakers are adamant on the proposal to lift the bank secrecy law saying this is a violation of a person’s right to privacy. (PNA)

lower tier 2 subordinated notes worth P3 billion.

Security Bank’s net income attributable to equity holders slid 33.3 percent to P5 billion last year from P7.5 billion in 2012.

Also today, the bank’s board approved the declaration of a regular semestral cash dividend of P0.50 per share and a special cash dividend of P0.50 per

share on its outstanding capital stock for a total cash dividend of P1.00 per share for the semester, subject to BSP approval.

The record date and p ay m e nt d at e w i l l b e determined after receipt of BSP approval on the cash dividend declaration. This will be the 25th consecutive cash dividend issuance to shareholders.

Bangko Sentral says outstanding external debt dips 3% in 2013 THE country’s outstanding external debt dropped three percent year-on-year to $58.5 billion in 2013 due to foreign exchange revaluation adjustments.

The Bangko Sentral ng Pilipinas (BSP) reported that foreign debt, which

are all borrowings by both residents and non-residents as registered by the BSP, visà-vis gross domestic product also improved to 21.5 percent from the previous quarter’s 21.9 percent.

BSP Governor Amando dips/PAGE 11

BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

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

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

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

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

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

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

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

BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263

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

BPI- COGON Osmeña St. Cdoc 8571297/8571298

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

CHINA BANK –GAISANO 745887/745880

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

CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366

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

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

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

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

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

SECURITY BANK- LKK Limketkai | 8801258/8801625

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

LAMBO MISAMIS ORIENTAL. Governor Bambi Emano shares smiles with the women of the municipality of Talisayan as he graces their women month celebration on March 15, Saturday. The EMANO ADMINISTRATION values the role of women in the society, thus the Governor further acknowledges all JUANA in the Province of Misamis Oriental.

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BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203

Security Bank board clears P10B bond offering SECURITY Bank Corp will raise funds through a tier 2 bond offering.

In its disclosure to the Philippine Stock Exchange, Security Bank said it board approved today the bank’s plan to issue up to P10 billion or $250 million in tier 2 bonds.

The IOUs would mature in 10 years, but the bank has an option to redeem the bonds on the fifth year.

The bonds, which will have a loss absorption feature, will comply with Basel 3 capital standards.

The pricing and offering period will be determined depending on market conditions and the date of Bangko Sentral ng Pilipinas (BSP) approval.

“The tier 2 bond issuance is part of the bank’s proactive capital and balance sheet to sustain healthy Basel 3

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wednesday|march 26, 2014

BusinessWeek MINDANAO

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

NELSON CONSTANTINO Editor-in-Chief

ALLAN mario MEDIANTE Executive Editor

Alejandrae Uy

cHENG oRDOñEZ

Lifestyle Editor

Associate Editor

SHIELA gosanes

CLIFFORD SANTILLAN

ATTY. MARIO T. JUNI

Cris diaz mike baños Uriel quilinguing Editorial Consultants

Layout Artist

Advertising

Cell No: 09352379999

Juni Law Office Cruz Taal St., Cag. De Oro City Legal Counsel

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Advertising and Promotions every Friday to Sunday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Department of Trade and Industry (DTI), Region 10 with Certificate No. 00875701, and with Business Permit No. 2013-10946, TIN No. 946-396-807 – Non VAT. Tel. Nos.: (088)8578447, 74-5380, 0923432-0687, 0917-7121424

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Opinion

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Make Someone Happy

hink a minute…There were two very sick men who shared a room in a hospital. The man whose bed was by the window was allowed to sit up for an hour each day to help drain the fluid from his lungs. But the other man, who was not able to sit up, spent all his time laying flat on his back. The two men talked for several hours each day. They talked about their wives and families, their jobs and life’s experiences. Every day when the man by the window sat up on his bed for an hour, he told his roommate all the things he could see outside the window. He told him about the park with its lovely lake and gardens. It made the other man so happy because he could not sit up to look out; so he looked forward to that one hour every day as he listened to his roommate talk about the people and beauty of the world outside their hospital window.

One night, the man by the window died in his sleep. The other sick man who shared his room was very sad. He missed his roommate who had told him about the beautiful world through their hospital window.

Then one day he asked if his bed could be moved to the window where his friend had been. He couldn’t wait to finally see the beautiful world outside. But when he turned his head to look out the window, he was shocked

THINK

A Minute

By Jhan Tiafau Hurst

to see nothing but a dirty blank wall!

When t he man tol d the nurse all the things his roommate had seen through the window and told him about, the nurse said to him: “Your friend who sat by the window was blind! He could not even see that wall! I think he just wanted to make your life happy.”

Jesus told us that the only way to be truly happy is to make others happy. The only way to find your real, satisfying life is to give it away by loving others. This is how God Himself lives. He loves us so much that He gave His one and only Son, Jesus, to die for all our wrongs and sins. So today, you yourself can ask and receive His forgiveness and new life. Jesus will give you the power to start changing into a new person who learns to love and make others happy just Jesus does.

Just Think a Minute…

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Hotels and Restaurants Can Support Organic Farming

T

RAVELLING back in time, I remember dining Al Fresco at the old Hyatt Regency Hotel along the coconut grooves of Roxas Boulevard in Manila. There was a salad dressing which also goes for bread dips called “Salsa Verde”. The taste was new to me that I asked the Waiter serving the tangy dish what it was made of, and it was described as a blend of mushrooms, olive oil, anchovies and garlic.

The green ingredient that dominates the concoction was a chopped and blended Moringa leaves called in our native language as Malungay.

I have noticed that Malungay is everywhere and how it ended in the menu of an international chain hotel with foreign Chefs at the helm must be a cheap shot of undercutting its customers for a price of a 5-star hotel recipe that can be available in the Carenderia rows dotting the service road of Roxas Boulevard.

I only realized years later as the leafy greens become

more popular that it works wonder to the human body.

Dieticians prescribed the dish component in hospital meals as a great source of vitamin C and nutrients with four times more calcium and protein than milk. Boxer Manny Pacquiao in his early career would ask for a Chicken soup with Malungay a day after the fight to soothe the swellings and relieve the pain in his young body from the blows he absorbs. Food writers describe Malungay as a miracle tree perfect for creating simple but nutritious recipes.

Science discover y of v a r i o u s c a n c e re g i n o u s chemical ingredients and food materials that c om e s f rom c u ltu re d vegetables and genetically enshrined livestock’s using formulated feeds calls for strict monitoring in the various food industries by the Bureau of Food and Drugs Administration (BFAD).The Department of Agriculture and our Health Officials needs to have more joint

collaboration to develop and encourage organic foods best suited for Filipinos.

Food quarantine and inspection are done by advance importing countries to safeguard its citizen of the health threat and hazards in food and packaging business.

But in the Philippines, we allow behind the noose of corrupt Bureau of Customes officials liberal entry of cabbage, carrots and onions from China to the detriment of the vegetable farmers of Benguet and Bukidnon?

During the Christmas Season, imported Pork and Chicken meat are unloaded by the containers at the South Harbour of Manila and other Port of Entries right into the market. Those in the take calls this business as “Hao Shao”. Government cries of revenue shortfall in tax collection and goes viral in the news and on Television for the arrests and apprehension of Smugglers. Yet, yearly, the cycle is just repeated all over again.

Schools and hotels and

TRAVERSING the

Tourism H i - way

By Ped Quiamjot

restaurant institutions can lead in protecting the health of the public through a joint effort to reject Chinese food imports in the menus. Stringent use of organic Filipino produce will encourage local farmers to plant more vegetable varieties prescribed in the Filipino diets. The Department of Agriculture can do more and we would like to hear it from them instead of sickening news of the Lawmakers misused of their PDAP and DOA officials involvement in chanelling funds to fake farmers and agricultural cooperatives.

My Mindanao

D

aybreak . D aw n .

E a rly mor n i ng a i r.

Arduous do I try to keep my eyes open, so that I must not miss this great spectacle aga i n: a n u nforget table sunrise paints the environs with all color the nature puts us at its disposal. I’ve put in a large portion of my life just trying to make things easier for my loved one s a nd my sel f. I fe el having all the time of my life I want in my hands.

I pray to God that this might be the place to settle down, where I can relax, take things easy and where I can spend the second half of my life. Those phrases I wrote down many years ago. Meanwhile people call me already “Foreigneroy” or “Foreignoy”. Meanwhile I enjoy the natural beauty t hat abounds especia l ly this part of the world. I made many good friends here and learned from them about diverse ethic cultures

and their very special way to live life with struggles and trials.

W hat cou nts in life?

Hope, fa it h, cha rit y?

Meanwhile I learned that I can fulfill all kinds of l i fest yles I have a lways d rea mt about. “ Troides m a g e l l a n e s ”, a v e r y beautiful butterf ly, tries to play with me since several minutes while writing this piece. Some time ago I saw t he colorf u l sails under tropical sun surface on the horizon - the sea g ypsies f rom Za mboa nga, t he Badjaos and their boats, their vintas, which are the “caravans of the ocean”.

The sails are so colorful and visible that the boats never get lost their mutual contact even while a heavy storm tries to part them.

Sand beaches, crystal clea r water, a complete undisturbed atmosphere not all over Mindanao, but mostely. This part of the

Southern Philippines is the melting pot of Christians and Moslems, foreigners and tribes such as Badjaos, S u b a n o n , Ta n s u g , a n d Yakan.

Yes, sometimes negative things happened here. No need to give you details.

Everybody knows what I am talking about. But, I ignore the unstable, unrestrained, and unfounded inaccuracies and inexactitudes in worldwide published and broadcasted reports about Mindanao without being being blue-eyed or naive.

Have you ever experienced the incredible v iew from top of t he grandfather of all Philippine m ou nt a i n s , t h e Mou nt Ap o, t he h i g he s t p oi nt n at ionw id e . O f c ou r s e , one must be very lucky, if t he circumstances a llow you - even a few minutes only - this wonderful and unforgettable spectacle.

My M i n d a n a o? Ye s ,

H ave M y Say

By Klaus Doring

since more than 15 years for sure: MY Mindanao. I am a foreigner who lost his heart to and in Mindanao.

I c l a s p e d M i nd a n a o to my bosom. I recommend Mindanao warmly to everybody. Mindanao, the land of hope and promise.

Mindanao, I love you. From the bottom of my heart. +++ Ema i l:dori ng k laus@ g ma i l.com or fol low me in Facebook or Twitter or visit www.myradiostream. com/edgedavao.

Umali Impeachment: Clash of Gov’t Powers

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IFE’S INSPIRATIONS: “Woe to the city of oppressors… Her officials within her are roaring lions; her rulers are evening wolves, who leave nothing for the morning…” (Zephaniah 3:3, the Holy Bible).

-ooo UMALI IMPEACHMENT, CLASH OF GOV’T POWERS: It is interesting to see how the projected impeachment c omp l a i nt of O r i e nt a l Mindoro Rep. Reynaldo Umali, also a top official of the Liberal Party, will fare at the House of Representatives, simply because the ground Umali is relying upon to impeach three or four justices

of the Supreme Court--usurping the powers of its co-equal branches---is quite new and certainly novel.

I mean, under the 1987 Constitution, “usurping the powers of its co-equal branches” is not a listed ground for impeachment, although it could come under “culpable violation of the Constitution”, under its Section 2, Article XI. The other grounds are treason, bribery, graft and corruption, other high crimes, and betrayal of public trust.

But then, the same 1987 Constitution---pushed and passed under the first Aquino presidency---virtually gave

the Supreme Court the power to “usurp the powers of its co-equal branches”, with its expanded “judicial power” doctrine, under its Section 1, Article VIII. Under this section, the Supreme Court has been authorized to pry into, and literally meddle with, each and every act of any branch or instrumentality of government.

-ooo J U D I C IA L P O W E R NOT A USURPATION OF FUNCTIONS: Here is what Section 1, Article VIII is saying, among others: “The judicial power shall be vested in one Supreme Court and in such lower courts as may

K ak ampi

Mo A ng Batas

By Atty. Batas Mauricio

be established by law. Judicial power includes the duty of the courts of justice to… determine whether or not there has been a grave abuse batas/PAGE 11

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Emperador voted one of the PH’s best companies

by FinanceAsia Emperador Inc. has been recognized in FinanceAsia’s 14th annual Best Companies’ poll results in two categories, “Best corporate governance” and “Most committed to a strong dividend policy,” besting other Philippine companies.

Dominador Hidalgo, AVP of Sales for Emperador, said FinanceAsia, Asia's leading financial publishing company based in Hong Kong , s ay s E mp e r a d or remains to be the best and strongest liquor brand and company in the Philippines.

“We have a very dominant position nationwide, p a r t i c u l a r l y i n Me t r o Manila, where seven out of ten liquor bottles sold are Emperador. We are also experiencing robust growth in the southern islands of Visayas and Mindanao. Last year, we managed to sell 33 million cases nationwide.

We are very excited about our continued growth in the first few months of this year,” Hidalgo said.

“We are also setting our sights abroad, where we target to own 33 percent of the world’s brandy market within four years. Our P5.8 billion investment in

Spain will help us achieve our vision to be a major brandy producer in the world, further elevating the status of Emperador as a strong global brand,” Hidalgo added.

Grupo Emperador Spain, a subsidiary of Emperador Inc . , re c e nt ly i nve ste d PhP3.7 billion (€60 million) for 50 percent participation in Bodega Las Copas S.L., a company owned by González Byass.

Bodega Las Copas is a fully-integrated brandy production company. Its op e r at i on s i n br a n d y making run the full scale w it h its v ine yard ne ar Toledo, its distillery plant in Tomelloso, Ciudad Real, and its Las Copas brandy production premises in Jerez.

The 275-hectare specialized vineyard project of Bodega Las Copas near Toledo will be the first of its kind in Spain to grow the finest grapes dedicated e xclu s ively for br andy distillation and production.

The pioneering vineyard uses sustainable, stateof-the-art technology, an innovation that will improve the company’s efficiency

REPUBLIC OF THE PHILIPPINES 10th Judicial Region REGIONAL TRIAL COURT Branch 19 Cagayan de Oro City IN THE MATTER OF THE FC SP PROC. NO. 2013-057 ADOPTION OF THE MINOR MAYET GRACE BAGARES FOR: ADOPTION WITH CHANGE OF FULL NAME TO MAYEL GRACE SANTUA BUDIONGAN, MYLA SANTUA BUDIONGAN, Petitioner.

X--------------------------------------/ ORDER

in producing top-quality brandy.

González Byass, formed in 1835, is one of t he largest sherry, wine and brandy producers in Spain.

Emperador is the world’s second-largest selling liquor brand with an estimated aggregate of 1,000 hectares of vineyards in Spain.

Last year, Emperador disclosed that the company, t h rou g h it s sub s i d i ar y Emp erador Sp ain S.A., also acquired a 409-hectare vineyard in Madrid, Spain, in addition to its vineyards in Toledo, Spain. Emperador has also fully acquired Spain’s largest liquor company, Bodega San Bruno, and all its assets.

T h e F i l ipi n o - ow n e d brandy is heavily investing in Spain as it continues its bid to attract a larger market in Europe, North America, the Philippines, and next year, in Vietnam.

The vineyards have been acquired for the company’s Emperador Deluxe edition, which is produced and bottled in Spain. Emperador Deluxe is the company’s flagship product that is being marketed outside the Philippines.

at least five (5) days before the Initial hearing which must contain the following: 1.

The name, age, residence or business address, and occupation of the witness;

2. The name and address of the lawyer who conducts or supervises the examination of the witness and the place where the examination is being held; 3.

A statement that the witness is answering the questions asked of him, fully conscious that he does so under oath, and that he may face criminal liability for false testimony;

4.

Questions asked of the witness and his corresponding answers, consecutively numbered;

5.

The signature of the witness over his printed name;

Before this Court is Petitioner’s Motion to Revive case, attaching therein the Certificate of a Child Legally Available for Adoption.

6. A jurat with the signature of the notary public who administers the oath or an officer who is authorized by law to administer.

Upon prayers and taking into account Petitioner’s compliance with the required DSWD Certification, the same is hereby GRANTED and Petition ordered REVIVED.

Finding the herein verified Petition to be sufficient in form and substance, the same is hereby given due course and forthwith let the Initial Hearing thereof be set on May 28, 2014 at 8:30 in the morning before this Court at Room 116 ,Hall of Justice ,Cagayan de Oro City. Interested persons may file their opposition on or before the aforesaid date of hearing and to attend the hearing of this petition.

At the expense of the petitioner’s , let this Order be published once a week for three (3) consecutive weeks in a newspaper of general circulation in Cagayan de Oro City and the Province of Misamis Oriental.

In consonance with R.A. 8552 vis-a –vis A.M. No. 02-6-02-SC, the Court Social Worker is hereby directed to conduct a Home Study Resort on the adopting parents and the biological parent of the adoptee, and a child Study Report on the adoptee. She is also directed to conduct counseling sessions with the biological parent of minor sought to be adopted as well as the adopting parent.The said report shall be submitted to this Court within SIXTY (60) days from receipt of this Order.

Petitioners are likewise ordered to have all documentary evidenced pre-marked before the Branch Clerk to establish compliance with jurisdictional requirements on May 8, 2014 at 2:00 o’clock in the afternoon.

In Consonance with A.M. 12-8-8-SC (Judicial Affidavit Rule)vis-à-vis OCA Circular No. 106-2012,Parties and counsels are hereby directed to submit judicial affidavits

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Moreover, the same shall contain a sworn attestation at the end, executed by the lawyer who conducted or supervised the examination of the witness, to the effect that: 1. He faithfully recorded or caused to be recorded the questions he asked and the corresponding answers that the witness gave; 2. Neither he nor any other person then present or assisting him coached the witness regarding the latter’s answers.

A false attestation shall subject the lawyer to disciplinary action, including disbarnment.

A party who fails to submit the required judicial affidavits and exhibits shall be deemed to have waived their submission. The court, however, may allow only once the late submission provided the delay is for a valid reason and would not unduly prejudice the opposing party, and the defaulting party pays a FINE OF NOT LESS THAN Php 1,000.00 NOR MORE THAN Php 5,000.00.

IT IS SO ORDERED.

Done this 28th day of February ,201 in the City of Cagayan de Oro, Philippines.

(Sgd.) EVELYN GAMOTIN NERY Presiding Judge BWM: Mar. 12, 19 & 26, 2014

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Billboard

8 ORO CHAMBER’S FIRST QUARTER GENERAL MEMBERSHIP MEETING FOR THE YEAR 2014 wednesday|march 26, 2014

All members of Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc. (ORO CHAMBER) are requested to attend its upcoming 1st Quarter General Membership Meeting. This event will happen on the 28th day of March this year.

The program will start at 6:00 PM and will end at 10:00 PM at N. Hotel, Kauswagan Highway, Cagayan de Oro City.

Oro Chamber President, Mr. Efren T. Uy, has

invited the President of Canadian Chamber of Commerce and Industry of the Philippines, Mr. Julian Payne, to be the Resource Speaker of the said event. He is expected to talk about the Foreign Direct Investments.

This event is free of charge to Oro Chamber members in good standing and a Php 500.00 charge to other members and guests.

This General Membership Meeting

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(GMM) of Oro Chamber is the first among the four (4) slated for the year. The event is supported by Pueblo de Oro Development Corporation, PARASAT Cable TV and BusinessWeek Mindanao. To confirm your attendance and for more queries, please feel free to call the ORO CHAMBER Secretariat through (088) 858-4068 / 858-4073 / 309-0951 or email at orochamber@gmail.com.

Daniel Padilla, Richie Dequina and MyPhone President Jaime Alcantara

Parallels Desktop 9 for Mac Seamlessly Unites Windows, Mac and the Cloud; Pushes the Envelope with up to 40 Percent Performance Improvement Parallels recently launched Parallels Desktop 9 for Mac, which lets customers run Windows and Mac applications simultaneously on a Mac without rebooting – the awardwinning and No. 1-selling Mac desktop virtualization software for more than seven years and counting. Innovative and indispensable new features include cloud storage optimizations for iCloud, Dropbox, Google Drive and SkyDrive. Customers will also enjoy increased productivity with Mac OS X features like Launchpad in Windows applications and using the upcoming OS X Mavericks. For Windows 8 users, Parallels Desktop 9 incorporates the familiar and muchmissed real Start menu and Windows Start button.

Everyone from business owners, to web developers, IT professionals, Mac enthusiasts, parents and students will benefit from indispensable conveniences of Parallels Desktop 9, such as improved performance, MacBook Power Nap functionality in Windows and Windows applications, connecting Thunderbolt and Firewire storage devices to a Windows virtual machine, improved security features, and increased flexibility for users with multiple monitors. Parallels Desktop 9 also enhances its support of Mac gestures inside Windows applications and offers Linux users enhanced integration with the Mac OS. Parallels Desktop 9 also delivers much improved performance for some of the most

common scenarios and operations such as 40 percent improvement in disk performance; virtual machine startup and shutdown are now up to 25 percent faster; and customers can suspend their virtual machines in up to 20 percent less time than before. 3D graphics and web-browsing were also made noticeably speedier with up to 15 percent improvements for both.

The Parallels Desktop 9 for Mac is available at PHP3, 990.

To know more about Parallels Desktop 9 for Mac please email marketing@msi-ecs.com.ph or call 688-3180 to 83 or visit our following retail partners: Switch, Techsavvy Gadgets Corner, Robinsons Metro East, iCenter, The Crossroads Mall, Cebu, Gadgets in Style, Shangri-La, Gadgets in Style, Trinoma.

Recently, MyPhone renewed its partnership with the Country's Number 1 Teen Star Daniel Padilla in line with its upcoming Campaign "Live Life with Colors".

Pioneering Filipino mobile phone brand, MyPhone, will soon release the MyPhone Rio, their newest android phone that will surely give more color to your lifestyle.

MyPhone Rio boasts a wide 5-inch HD touchscreen. Its high-definition display flashes vivid colors and graphics making it a colorful phone inside and out. You can enjoy watching your favorite series or movies, simply view your photos and videos, and play your highdefinition games with this wide and lively screen display.

Keep your Instagram, Twitter, and Facebook friends and fans updated with your #OOTD and your choice of #MOTD or MyPhone of the day with the sharp 8-megapixel back and 2-megapixel

Greetings from SM City Cagayan de Oro! Earth Hour is a simple concept that BOTONG FRANCISCO: quickly turned into a global phenomenon.

LastA2013, over IMAGINED 7,000 cities, towns, NATION provinces and municipalities in 154 A TRAVELLING EXHIBITION countries and territories joined and switched off their lights for one hour to highlight awareness on global with a short film by climate change.Peque Gallaga On the 29th of March 2014, from 8:30pm to 9:30pm, SM City Cagayan de Oro together with our partner agencies MARCH 26 - April 25 will once again join Earth Hour to inspire Third Level, The Foyer everyone, as well as to make a stand in creating a better future for our planet.

In line with this, we would like to invite you to join us as we celebrate Earth Hour on Saturday, March 29, 7:30pm at the SM Las Ramblas Parking Area. We would also like to invite your team of writers and photographers to cover the event.

Thank you very much and looking forward to your usual support as we go beyond the hour and continuously make a difference.

front cameras. You can easily capture every moment with back camera’s autofocus and zero-shutter delay capabilities.

Low-light scene is not a problem with the built-in LED flash.

Backing up its good camera is its exclusive Magic Camera feature. Magic Camera is a built-in camera app that lets you create extraordinary photos with your phone. It has functions such as cinemagraph, object eraser, and face beauty.

You’ll be able to capture these amazing photos easier than a click away with the camera’s voice capture and wave to capture functions. Get to take those precious shots simply by saying “cheese” or “capture”.

Whats more interesting is its price!

Coming Very Soon......

For more details about MyPhone Agua Rio and other MyPhone products, visit www.myphone.com.ph and like us on Facebook at www.facebook.com/ myphone.

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WHEN YOU GROW ASIA’S BEST CHICKEN, SOMETHING BEAUTIFUL GETS HATCHED It all began with a vision, single-minded and focused, and that vision, executed with speed, quality and passion.

Barely seventeen years in the business, Bounty Agro Ventures Incorporated (BAVI) is reaping the bounty and how.

Starting small in Cebu and Davao in 1997, the company eventually went full throttle, adding Luzon in its operation map five years later. Soon, the burgeoning poultry integrator covered the whole country, becoming one of the acknowledged leaders in the industry.

The next chapters in its journey give us a story worth telling and repeating.

Prior to its nationwide operation, the company embarked on a massive hunt for the best-qualified professionals to run its business. It led to its current President and General Manager, Ronald R. Mascariñas, a product of the country’s premier agri-business and business management institutions: UP Los Baños and Asian Institute of Management.

Under Mascariñas and his aggressive management team, Bounty Agro Ventures, Inc. underwent modernization. It studied common problems faced by players in developed countries and learned the lessons of those that have folded up in the country.

The company aggressively invested in downstream retail industry, building company-owned rotisserie stores selling roasted and dressed chicken.

Brand building came next, and coupled with an unflinching mantra

for operational excellence, it set its eyes to be on top of the industry.

Bounty never forgot that a company’s best assets are the people who run it.

So it put up its own BAVI Academy, providing non-stop and comprehensive training across all levels, from the store crew all the way to executives, reinforcing one of its greatest competitive advantage: superior quality of its people. The company today is probably the only one in the industry investing heavily on training.

Last year, it invested a million dollars and hired a Swiss company to conduct training across all operating units. It was meant to improve execution and put in place a worldclass management reporting system.

In 2009, the company bested leading and world-renowned poultry and livestock companies in Asia and won the Best Poultry and Livestock Company Award in “Livestock Asia”, the industry’s Oscars. It swept all award categories: Technological Excellence, Food Safety, Marketing Excellence and Industry Leadership, a first ever for the Philippines.

On top of that, its Chairman Tennyson G. Chen was named Entrepreneur and Master Entrepreneur of the Year in 2010, in the highly prestigious SGV Foundation’s Ernst & Young Entrepreneur of the Year Awards.

Chen revolutionized the broiler chicken production industry and pioneered many of the systems now being used by the country’s poultry integrators.

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Previously, the company brought in pioneering technologies and built the first single-stage hatchery to the country. It also improved sanitation and bio-security protocols within the facility, allowing it to produce chicks that are pathogen-free, healthier and stronger.

Because BAVI was headstrong in producing the best chicken for Filipino families, it was able to pass strict global standard certifications, particularly in terms of quality management systems and food safety.

Looking forward and beyond, BAVI now has a nationwide business network of nineteen branches and two sales offices across the country with over 60 distributors, fully supported by over 600 broiler contract farms, 15 hatcheries, 10 feed mills, 21 poultry processing plants and 2 processed meats plants.

For the last four years, Bounty Fresh eggs have been the market leader for table eggs, not to mention that Bounty Fresh is also the market leader in the layer genetics business.

In 2009, BAVI launched the oven roasted chicken business under the “Chooks-To-Go” trade name, completing the entire integration cycle of the poultry operations, from farm to the dinner table.

BAVI today is the country’s number one rotisserie chicken chain with close to 1,000 stores nationwide.

Philippine Superbrand What are SuperBrands?

They are branded as such by Superbrands, the independent global arbiter on branding that pays homage to the world’s leading brands as

selected by experts and consumers.

The organization publishes a series of brand-focused books in over 86 countries.

The centrepiece of a Superbrand book features many of the nation’s greatest brands and provides many fascinating insights into the strongest and most valuable brands in the country.

Brands that are rated highly by its council and consumers are eligible for inclusion. Industry experts and practitioners select the top brands based on the following criteria: Market dominance, longevity, goodwill, customer loyalty and market acceptability.

Chooks-To-Go passes all these stringent criteria with flying colors and is now the country’s newest Superbrand, joining the list of trusted brands in the Philippines.

In this year’s annual Outstanding Professional Awards, Mascarinas is one of the awardees, chosen by Superbrands for his contribution to the Philippine poultry industry.

Chooks-To-Go 5 Years From Now Asked on how he sees ChooksTo-Go five years from now, Ronald Mascarinas says Chooks-To-Go will be a global brand.

“We created a dedicated team to work on international operations.

Starting this year, we will be across the region, the Middle East and West Africa. To date, we are the only company in the industry investing heavily in digital marketing and our brands are the “most liked” fresh and roasted chicken brands in the Philippines.”

Ayala Museum presents Botong Francisco art to CDO C A G AYA N D E O R O , MISAMIS ORIENTAL— Now on it’s fifth stopover, Ayala Museum’s traveling exhibit ion on Nat iona l Ar t ist C arlos “B otong” Francisco now heads to the “City of Golden Friendship” for a month-long run at Centrio Mall.

After its official opening ceremonies noon of March 26, the exhibition entitled “B otong Francisco: A Nation Imagined,” will be on view until April 25, 2014.

The show features 25 reproductions of Botong’s paintings from institutional and private collections.

Accompanying these images is a film produced by Ayala Foundation, Inc. (AFI) and directed by acclaimed filmmaker Peque Gallaga on B otong’s vision and artistry.

This outreach initiative of AFI’s Arts and Culture D iv is i on is a t r avel i ng version of the museum exhibition held last December 2012 to March 2013 in celebration of Botong F r a n c i s c o’s c e nt e n n i a l birth anniversary at Ayala Museum in Makati City.

The exhibition showcased over forty actual paintings

by Botong supplemented by a short film that captured his large-scale works and murals commissioned

for public buildings.

The film had also been selected for inclusion in the documentary category at the 2013 Cinemalaya Independent Film Festival at the Cultural Center of the Philippines.

The traveling exhibition was launched at the District North Point Mall in Talisay, Neg ros O ccident a l and subs equently toured to Mus eo Negrens e at the University of St. La Salle, B acolo d; Mus e o Iloi lo, Iloilo City; and Abreeza Mall in Davao, Davao del Sur. By partnering with malls and centers of education such as universities and museums, Ayala Museum believes that the life and legacy of the artist will be widely promoted, particularly to students an d g e n e r a l au d i e n c e s out s i d e Me t ro Man i l a , where its main building and exhibition spaces are based.

The CDO leg of Botong: Francisco: A Nation Im a g i n e d i s pre s e nt e d b y Ay a l a M u s e u m i n partnership with Centrio Mall. Additional support provided by Air21. For more information, email hello@ayalamuseum.org or call (632) 759.82.88. / mje.3.21.2014

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

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Publication Notice R.A. 10172

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

CFN- 0001-2014

Date : March 12, 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 ERLINDA P. BARAN has filed with this Office, a petition for change of first name from “RESTITUTA” to “ERLINDA” and correction of entry in sex from “ “ to “ “ or correction of entry in the date of birth from “ “ to “ “ in the certificate of live birth of Restituta Tacbobo Patlunag at Initao, Misamis Oriental and whose parents are Alejandro Patlunag and Zosima Tacbobo.

Any person adversely affected by said petition may file his written opposition with this Office not later than March 31, 2014.

(Sgd.) ISAIAS A. JARALES

Municipal Civil Registrar BWM: Mar. 19 & 26, 2014

MISAMIS ORIENTAL – VICE GOVERNOR JOEY G. PELAEZ (far left) met the Technical Working Group of the Provincial Peace and Order Council for the formulation of Peace and Order and Public Safety Plan last February 27, 2014.

He was briefed of the Peace and Order situation of the Province by PSSupt. Leonilo L. Cabug (far center) of the Philippine National Police and Lt. Col. Jose Eriel Niembra (far right) of the Philippine Army. Also present during the meeting was Board Member Donato Chan (right), DILG Provincial Director Bruce Colao (center, with back facing camera) and Mrs Sedita F. Roa (left, with back facing camera), Representative of Balingasag Mayor Alexis Quina. Vice Governor Pelaez is the Chairman of the Committee on Peace and Order, Public Safety, Police, and Jail Matters in the Sangguniang Panlalawigan.

RLA... from page 2

Serving as witnesses to the new partnership were city councilors Ferdinand Nalcot and Rema Burdeos.

NYC... from page 2

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Mindanao; publication of scholarship programs and alternative learning programs available for the youth, creation of one-stop shop information hub for available youth services in the regions, and creation of Local Youth Development Councils in the local government units (LGUs), among others.

Saavedra said that this compendium will be presented to the LGUS to adapt list of programs for the youth.

The b arangay yout h development plan must be interventions or “needs based” and not simply for beauty pageants and leagues, he said.

Republic Ac t 8044 otherwise known as the Youth in Nation Building Act as those young people belonging to the 15-30 age groups.

The youth is one of the largest sectors in the country, comprises 30 percent of the country’s total population. In 2010 it was estimated to be at 27.83M. (JMOR/PIA10)

Vista... from page 3

which, according to company manager Marlon Nino B. Escalicas, will be done in three phases.

City officials have welcomed the entry of major property investors, although a local official earlier said the government would look for solutions to problems development also brings. The city’s chief planner, Mario Luis J. Jacinto, has said the

city government believes businessmen from other regions and from abroad will continue recognizing the city’s potentials as investment area, but their entry could entail significant pressure on the city’s infrastructure like drainage, roads, as well as water and power services.

Vista Land President and Chief Executive Officer Manuel Paolo A. Villar had said earlier this month that the company expects total value of its projects this year to hit “roughly” P28 billion -- about 7.3% more than last year -- with roughly twothirds to be cornered by its low-cost housing subsidiary Camella Homes, Inc. that is focused on the Mega Manila area.

The company had disclosed that its board of directors approved in a meeting, also earlier this month, plans to raise up to P5 billion -- consisting of P3 billion in primary amount and an overallotment option of up to P2 billion -- from retail bonds to partially fund projects of subsidiaries.

Vista Land reported last March 10 that its net income jumped 15.44% to P5.063 billion last year -- hitting its profit target -- from P4.386 billion in 2012, on the back of higher real estate sales.

Shares of the property developer gained one centavo or 0.19% to close P5.31 apiece on Friday last week from P5.30 each on Thursday.

Petron...

from page 3 be mainly attributed to the full consolidation of Petron Malaysia in 2013 versus nine months the previous year.”

On the unification of its operations, the company noted that such resulted in revenue growth of 9.0-percent to P463.6

billion in 2013 from its year-ago level of P424.8 billion.

Petron chairman and c h i e f e xe c ut i ve of f i c e r Ramon S. Ang said “amid a year marked by volatility and intense competition, we sustained our market leadership and delivered robust results.”

From the traction it g a i n e d v i a l a s t y e a r ’s operations, he noted that t he oi l f ir m “remaine d focused on major projects aimed at unleashing the full potential of our Bataan refinery and increasing our market presence.”

Beyond buoyed performance in retail p r o d u c t s a l e s , Pe t r o n similarly highlighted the advancements it made on various projects as well as the income contribution of allied businesses such as its Reseller Trade, which posted a growth of more than 3.0 percent.

“Petron made headway last year not only in terms of income growth but also in its major projects,” the company has noted. All that while also maintaining its market leadership with 37-percent share in the pie.

The oil firm said it has been making great strides on its network expansion program with its retail portfolio beefed up with additional 200 stations in 2013; bringing its total domestic network to 2,200 stations.

For its Malaysian operations, the company is on to concluding this year its rebranding program – with 300 out of 555 stations already rebranded.

As part of Petron’s retail expansion in that domain, it also reported the 10 new stations already constructed.

The additional target for the year will be 30 new stations.

GT...

from page 3

Maria Luza Bautista said.

GT C apital said the a c qu i s it i on u n d e r w e nt an independent valuation exercise, and a third party fairness opinion was secured.

Likewise, the holding firm’s C or p or ate G ove r n anc e C ommittee cleared the transaction.

Established in 1989, Toyota Cubao is one of the pioneering and leading Toyota dealerships in the Philippines. It exclusively sells and distributes Toyota vehicles, spare parts, and access or ies, w hi le a ls o providing a full range of after-sales services.

E ar l i e r t h i s m ont h , GT Capital completed its acquisition of 60 percent of Toyota Manila Bay Corp (TMBC), another leading Toyota dealership in the country. Mitsui & Co. Ltd. of Japan owns the remaining 40 percent of TMBC. GT Capital has interests i n Me t r o b a n k , Toy o t a Motors Philippines Corp, Global Business Power Corp, Federal Land Inc, and AXA Philippines.

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Power... from page 1

of Energy Web site.

The NGCP has als o reported that the incident was triggered as the capacity of the 210-megawatt coalfired power plants of Steag State Power, Inc. dropped to 40 MW. The grid operator would have tapped its ancillary reserve in the Agus 1 plant of the National Power Corp., but since this plant was also having difficulty, the problem worsened, and the Agus 1 plant collapsed.

The grid management committee, a multisectoral body under MinDA, has been looking at how such a problem may be addressed.

Vicente T. Lao, chairman of the Mindanao Business Council, said the problem with the current mechanism is that the grid operator does not have a reliable reserve that it can tap in times of emergency.

In an ideal power plant system, Mr. Lao said, the grid operator must have at least a reserve plant that has a capacity equal to or larger than that of the biggest plant, to ensure that the grid will be stable when a plant conks out.

In Mindanao, the Steag plant is currently the biggest.

As of Monday, the NGCP’s outlook for the Mindanao grid reflects a shortage of 162 MW. The grid’s estimated demand for the day was placed at 1,280 MW, but system capacity was just 1,118 MW.

Forum... from page 1

said Engr. Ramil L. Ombina, regional governor for IIEENorthern Mindanao. “We are also taking this occasion to invite participants to the 2014 IIEE Northern Mindanao Regional Conference to join us to expand their knowledge about this key initiative to address the power shortage in Mindanao.”

Besides the MCPC, the forum will also feature Ms. Melinda L. Ocampo, President, Philippine Electricity Market Corporation (Overview : Wholesale Electricity Spot Mar ke t & t h e Inte r i m Mindanao Electricity Market); Dr. Ricardo E. Rotoras, D’Engg., President, MUST (Prevailing Electricity Market in Mindanao); Atty.

Dionel O. Albina, PENG, Research Head, Institute of Power Economics (IPSEC), MUST(Research Results of 1st Month of IMEM Operations with AMRECO Member Cooperatives); Engr. David A. Tauli, President, MCPC, ( R e c om m e n d at i on s on WESM/IMEM in Mindanao).

The presentations will be followed by brief reactions from a panel of experts including Ms. Ruth Perez & Patricia Grace P. Liboon, Corporate Staff Officers, Power Sector Assets and Liabilities Management C or p. (PSALM); Atty.

Debora Anastacia T. Layugan, Director, Market Operations

Service, Energy Regulatory Commission (ERC); Mr. Crisanto R. Laset, Jr. Assistant Vice President f o r Tr a d i n g , A b o i t i z Power Corporation for the Philippine Independent Power Producers Association, Inc. (PIPPA); Engr. Eugene H. Bicar, Head-Mindanao Systems Operations, National Grid Corporation of the Philippines (NGCP); Mr. Romeo M. Montenegro, Director for Investment Promotion and Public Affairs.

Mindanao Development Authority (MinDA).

An open forum moderated

by Mr. Clint Django G. Pacana, Executive Director, Association of Mindanao Rural Electric Cooperatives (AMRECO) will immediately follow to accommodate queries from the audience.

The forum concludes with a synthesis from Engr. Cerael C. Donggay, Chairman, Oro Chamber Energy Committee and former Vice President for Mindanao of the National Power Corporation with the assistance of Mr. Rolando J. Linaac, Founding Member, MCPC.

Alsons... from page 1

Agus and Pulangi,” Alsons executive vice president Tirso Santillan said.

He said run-of-river hydroelectric generation was environment-friendly as it would not involve flooding large tracts of land to create a reservoir.

Alsons is pursuing the development of Kalaong 1 hydro plant in Maitum, Sarangani with a capacity of 12 megawatts, Kalaong 2 (6 MW) and Kalaong 3 (4 MW).

The company will also build hydro projects in Negros Occidental including the 4-MW Bago 1 hydro project in San Carlos City and 10-MW Bago 2 hydro project in Don Salvador Benedicto.

Alsons also applied for development of small hydro projects in Zamboanga del Norte, including Sindangan 1, Sindangan 2 and Sindagan 4.

It is also eyeing hydro projects in Savao Oritental such as Sumlog 1 (8 MW) and Sumlog 2 (15 MW).

The company has another application for an 8-MW hydro project in Agusan del Sur.

ARMM... from page 1

Ghazali Jaafar, first vice chairman of the MILF Central Committee, expressed upbeat perspectives on the historic events as he enjoined all Filipinos to share in the joy of Filipino Muslims.

He s aid de velop ed countries also look forward to join t he investment bandwagon foreseen to flock the resource – rich region.

“Malaysia, Australia, Middle East countries, and other neighboring nations are expected to grant aid and investment programs that will help fund infrastructure projects in Bangsamoro.

11

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Friendship and cooperation “Nevertheless, the ratio, treaties shall be immanent,” which measures sufficiency said Jaafar in a statement. of foreign exchange available “The time for the country’s to meet currently maturing ne w g rowt h t hroug h a obligations, has remained well Southern expansion is now,” below the 20.0 to 25.0 percent Jaafar added. international benchmark, “We are inviting all attesting to the country’s Filipinos to join hands strong liquidity position,” w i t h t h e B a n g s a m o r o it added. people to come together in The central bank said a new beginning to build t h e c ou nt r y ’s c re d it or the Southern Philippines. profile remained the same Opportunities surrounded with 36.8 percent of debt by peace and love of the owed to official creditors Mindanao people are now or multilateral and bilateral readily available for the taking institutions while 35.6 percent of anyone who wish to come are foreign holders of bonds to Bangsamoro land,” he said. and notes. About 20.6 percent Jaafar cited the tremendous foreign banks and other investment opportunities financial institutions and that will soon be opened seven percent are foreign with the signing of the peace suppliers/exporters. agreement. “Vast tracts of agricultural land, rich blessings of the sea, lush from page 6 forest and delightful forest of discretion amounting to fruits, and resources await lack or excess of jurisdiction those who wish to work and on the part of any branch invest in our region,” Jaafar or instrumentality of the emphasized.

Government.”

Spanish Ambassador When the Supreme Court George Domecq, in reaction makes this determination, it to the forthcoming signing is not usurping the powers of of the peace pact, similarly its co-equal branches. It is expressed optimism that the merely performing its duty, peace in the south will spur to uphold the Constitution economic and public works and the laws. This was what activities that have long been the Supreme Court said in waiting to be harnessed. the case of Biraogo vs. The “Now with that agreement Philippine Truth Commission and development of the of 2010, G.R. No. 192935, Bangsamoro basic law, a whole December 7, 2010. program of economic reforms It would do Rep. Umali and public works will take and all of us to read once place that may favor not only more what the court said in Spanish businesses but also that case, courtesy of then Filipino businessmen and our Associate Justice Vicente V. Philippine foreign partners,” Mendoza: “The issue that said the ambassador. seems to take center stage at present is - whether or not the Supreme Court, in the from page 5 exercise of its constitutionally M. Tetangco Jr. in a statement mandated power of Judicial said on a quarter-on-quarter Review with respect to basis, external debt declined recent initiatives of the by 0.9 percent. legislature and the executive Tetangco stated that while department, is exercising loan transactions registered undue interference. inflows worth $898 million, -ooothere were other factors that NO ASSERTION OF contributed to the overall SUPREMACY: “Is the Highest drop in external obligations. Tribunal… itself guilty of These factors include v i o l at i n g f u n d a m e nt a l the strengthening of the US tenets like the doctrine of dollar against the Japanese separation of powers? Time Yen which the BSP said and again, this issue has been re duce d t he US dol l ar addressed by the Court, but value of Philippine debt by it seems that the present $863 million; and increased political situation calls for residents’ investments in the it to once again explain the domestic bonds amounting to legal basis of its action lest $633 million due to the high it continually be accused foreign exchange liquidity of of being a hindrance to the the banking system. nation’s thrust to progress.

The BSP said the year- “The Philippine Supreme to-date decline can also be Court, according to Article attributed to the same reasons VIII, Section 1 of the 1987 as “investors sought safer Constitution, is vested with investment outlets for their Judicial Power... These funds, amidst lingering issues provisions, however, have in the Eurozone and the been fertile grounds of pace of recovery of the US conflict between the Supreme economy.”

Court, on one hand, and T h e e x t e r n a l d e bt’s the two co-equal bodies of solvency indicator as annual government, on the other. aggregate output or GNI also Many times the Court has improved to 18 percent from been accused of asserting the previous quarter’s 18.4 superiority over the other percent. The external debt departments. service ratio also improved to “To answer this accusation, 7.6 percent because of higher the words of Justice Laurel receipts and lower payments would be a good source of during the year – “however, enlightenment: `And when a slight increase in the ratio the judiciary mediates to was noted compared with a l l o c at e c ons t itut i on a l the end-2012 figure,” said boundaries, it does not assert the BSP. any superiority… it does not

in reality nullify or invalidate an act of the legislature, but only asserts the solemn and sacred obligation assigned to it by the Constitution to determine conflicting claims of authority under the Constitution’...”

-ooo REACTIONS? Please call me at 0917 984 24 68, 0918 574 0193, 0922 833 43 96. Email: melaniolazomauriciojr@ outlook.com, batasmauricio@ yahoo.com and mmauriciojr111@gmail.com.

Batas...

Dips...

ASIA WORLD PAWNSHOP

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MANAGEMENT PAHIBALO

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Your Mindanao Business Paper is adjudged as Finalist by the Philippines Press Institute for the Annual Awards this year 2014.

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