BusinessWeek Mindaano (March 7, 2014)

BusinessWeek MINDANAO

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Volume IV, No. 73

Market Indicators

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

FOREX

PHISIX

US$1 = P44.53

6,456.14 points

23 cents

X X Briefly 61.54 points

Competitive town MAMBAJAO has been ranked highly by the National Competitiveness Council (NCC), Philippines in the 2013 Overall Competitiveness Rankings as the 24th most competitive among the 163 municipalities in the whole Philippines. In the Index Ranking per Factor, Mambajao also emerged in the Top 10 municipalities under the Infrastructure category on Selected Specific Indicators being in the 4th place in having the Fastest Time Going to the Airport from the Central Business District (CBD); 2nd place in the Fastest Time Going to the Seaports; and is in the 14th place in the highest Ratio of Hospital Beds over Total Population. The rankings of NCC were made on the basis of an annual survey conducted to the simplified Business Permit and Licensing System (BPLS) compliant municipalities/ cities in the country where the data collected of standard competitiveness indicators were focused on economic dynamism, government efficiency and infrastructure.

Poverty reduction THE government remains focused on attaining inclusive growth and bringing poor Filipinos out of poverty, the Palace said on Wednesday. “Ang thrust ng ating pamahalaan is for inclusive growth. We want to bring people out of poverty. Ang thrust ng ating Philippine Development Plan is really to emphasize inclusive growth and the reduction of poverty,” Presidential spokesman Edwin Lacierda said in a press briefing in Malacanang. The administration has set goals on the government’s anti-poverty action plans, he said noting this will be carried out on a specific and targeted approach. For instance if a province belongs to a certain category, the government will carry out a particular strategy in addressing poverty in that area.

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Crafting of dev’t plan for Bangsamoro starts D

By MINDANEWS

AVAO City -- Another milestone was achieved for the Mindanao peace process with the launching Wednesday of the Bangsamoro Development Plan (BDP) here, the roadmap for shortand medium-term development strategy for Bangsamoro areas.

IMEM HEARING: House Committee on Energy chair Rep. Reynaldo V. Umali explains to reporters the impact of the implementation of the Interim Mindanao Electricity Market (IMEM) to Mindanao consumers at the sidelines of the committee hearing held yesterday at Mallberry Hotel in Cagayan de Oro City. The public hearing will move to Marawi City today to be hosted by Lanao del Sur Rep. Ansarrudin Adiong.

3 new coal plants to beef up power supply in M’danao

photo by sony sudaria

The BDP will identify investments and programs to promote inclusive growth, stability, and help create jobs in the Bangsamoro from 2014 until 2020. The planning process i s sp e arhe a d e d by t he Bangsamoro Development Agenc y (BDA), MILF ’s development arm created under the Humanitarian, Rehabilitation and Development Aspects of the Government of the Philippines-MILF Tripoli Agreement of June 22, 2001.

By AZER N. PARROCHA Philippine News Agency

THREE new coal-fired plants are expected to increase the power supply in Mindanao by 2016, Malacanang said T hu r s d ay, n o t i n g t h at some areas on the island still experience rotational blackouts until now.

P r e s i d e n t i a l Communications Operations Office (PCOO) Secretary Herminio B. Coloma Jr. said in a Palace media briefing that these plants attest to the government’s commitment coal/PAGE 11

BEATING THE SUMMER HEAT. A teen makes a back flip off the shoulders of his friend along the banks of the Agusan River in Butuan City. mindanews photo by erwin mascarinas

D r. S a f f r u l l a h M . Dipatuan, BDA chair, said the Bangsamoro plan will play a crucial role in the establishment and success of the Bangsamoro. He said planning for rehabilitation, recovery and development is being conducted with peace-building among the key objectives. “ T h rou g h e x t e n s i v e consultations, the BDP will set the strategic direction for the new Bangsamoro government by identifying potential areas crafting/PAGE 11

Bayan urges P-Noy to solve M’danao power crisis now

SAVING the remaining power generation assets still in government hands instead of privatizing it as dictated by the failing Electric Power Industry Reform Act (EPIRA) should be the government’s priority now in addressing the power situation, particularly in Mindanao, Bayan Muna Rep. Carlos Zarate said. “While we in Mindanao are suffering from long hours of rotating brownouts, e v e n b l a c kout s , it i s unacceptable that the Aquino administration will just tell us to expect even more power outages until 2015 while it is still aggressively pushing its failed privatization policy,” Rep. Zarate said. “ Wi t h t h e g r o w i n g evidence now that the EPIRAdictated privatization policy is a failure, all the more that we save and preserve the state’s remaining generation crisis/PAGE 11

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Economy

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P9.5B to fund hiring of over 31,000 teachers DSWD workers IN view of the Aquino administration’s goal to ramp up education reform in the country, the Department of Budget and Management (DBM) released P9.52 billion in January to the Department

of Education (DepEd) for t he cre at ion of 31,335 elementary and secondary teaching positions for School Year (SY) 2014-2015. Charged against the Miscellaneous Personnel

No.: 09161714813 (GLOBE)

Benefits Fund (MPBF) in the 2014 General Appropriations Ac t ( G A A ) , t h e f u n d release will cover the fund requirements for Teacher I positions nationwide. The release gives DepEd the go

signal for jump-starting the hiring process immediately, with all positions ideally filled out by April 1, 2014, in time for the beginning of classes. teachers/PAGE 10

urged to address poverty in Normin By CHARMAINE P. TADLAS Contributor

“IT IS more fun to do the impossible.” This was what Secretary Corazon “Dinky” Soliman shared to more than 900 Department of Social Welfare and Development (DSWD) workers in Region 10, quoting Walt Disney’s statement, during the conduct of her “Roadshow” on March 5, 2014, here. Presenting the various challenges the DSWD may face in 2014, Secretar y Soliman expressed that the core challenge of the Department is to address the situation of poverty by increasing the people’s resiliency. This is done by improving the strategies of implementing social

protection programs and services. The DSWD head said that the Philippines’ w e at h e r p att e r n s h av e changed dramatically and those natural events have become “bigger, stronger, and harder,” narrating the series of calamities that hit the country, including super typhoons Ondoy, Sendong, Pablo, and Yolanda. B ecause of this, she challenged the DSWD and the rest of the government’s adequate capacity to respond to the needs of the Filipinos “faster, better, and bolder,” by making a laser-sharp precision of identifying who, where and how vulnerable dswd/PAGE 10

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New Nissan firm eyes bigger market share NISSAN Philippines, Inc. (NPI) -- the joint venture between Japan-based Nissan Motor Co. Ltd. and local assemblers Universal Motors Corp. (UMC) and Nissan Motor Philippines, Inc. (NMPI) -- hopes to grow its share in the auto industry in the next two years as it plans to introduce more models in the country. “ Ho p e f u l l y w e w i l l increase our market share by double digits by 2016,” NPI President and Managing Director Kenji Naito said in an interview yesterday in Makati City. Data from the Chamber of Automotive Manufacturers of the Philippines, Inc.

showed that NMPI sold 1,896 units for the whole of 2013, up 31.2% from 2012, with a market share of 1.05%. Toyota Motors Philippines Corp. was the dominant car maker with 75,161 units sold, up 15.6% from 2012, with a market share of 41.5%. NPI General Manager SJ Huh said the bullish outlook will be driven by more model introductions this year, but he would not elaborate. “We will also work on enhancing our customer services, the after-sales, the marketing -- basically every aspect of the business so we can hit the target,” he said. nissan/PAGE 10

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Beermen’s return: SMB Inc.’s Huang believes they can THE Philippine Basketball Associations’s (PBA) oldest and winningest franchise is carrying the iconic brand once more as they step into the hard court during the start of the Commissioner’s Cup this week. In a courtesy call to San Miguel Brewery Inc. President Roberto N. Huang recently, the Biboy Ravanes-mentored beermen were challenged to work and play hard. Huang echoed Mr. Ang’s mandate for them to stay true to the San Miguel brand that is synonymous to brewing excellence. Huang gave each of the players and coaching staff San Miguel Pale Pilsen Bilib

Cans, citing his confidence that each of them will work hard for the team that would carry the “Samahang Walang Katulad” equity, win or lose. San Miguel Pale Pilsen’s Bilib campaign is a unique project to celebrate everyday successes, admiration and to uplift the sense of pride of anyone giving or receiving the special beer in can with a writeable space. Huang specifically cited the

Beermen’s top center and the recent conference’s Best Player June Mar Fajardo. Huang wished Fajardo goodluck as he will soon star t training with the Nat iona l Te am for t he country’s comeback to the world basketball map via the FIBA Basketball World Cup in Barcelona, Spain later this year. “Give it your all—for the country,” Huang said. Shooting Guard/ Small Forward Marcio Lasssiter was likewise added to the Gilas lineup recently. Each of the players and coaching staff received from Huang Messages in a Can citing how he and the fans

look up to them—from calling Fajardo “Kraken” (referring to pop culture’s legendary sea monster), Marata’s and Lassiter’s “pamatay sunog na mga tres,” Hubalde’s “nakakabulag na bilis,” Mercado’s “killer crossovers,” to Kramer’s strength in carrying his popular Team Kramer with his own biceps. Carr ying the Petron Blaze brand since the 2011 Governor’s Cup, the return of San Miguel Beermen was announced personally by San Miguel Corporation president Ramon S. Ang. The return, Ang said comes in time for the 25th anniversary of the team’s smb/PAGE 10

San Miguel Beermen CAN. San Miguel Brewery Inc. President Roberto N. Huang with the players and coaching staff of the San Miguel Beermen in a recent courtesy call at the headquarters of San Miguel Corporation in Mandaluyong. Mr. Huang gave each of them his Messsage in a Can to give them a boost in their return as Beermen at the start of the Commissioner’s Cup.

Convergys completes Ayala unit acquisition

MISAMIS ORIENTAL – VICE GOVERNOR JOEY G. PELAEZ and the Members of the Sangguniang Panlalawigan (SP) visited the Headquarters of Misamis Oriental Rural Electric Service Cooperative II (MORESCO II) last February 17, 2014 in the Municipality of Medina and were welcomed by General Manager Amado B. Kee. The visit coincided with the 7th Regular Session of the Sangguniang Panlalawigan at the Fresh Fruits Inc., also in Medina, Misamis Oriental. VG Pelaez and the Provincial Board Members were briefed on the power situation in the 1st District of the Province especially as regards the frequent brownouts and high electricity rates in their service area. The SP is interested in finding ways and means to mitigate the said concerns. The visit also pressed on the leaders of MORESCO II to improve their services to their consumers.

OHIO-BASED Convergys Corp. has completed the acquisition of the customer relations management (CRM) arm of Ayala-led LiveIt Investments Ltd. in a deal worth P36 billion, both parties announced in separate statements on Wednesday. The acquired firm, Stream Global Services, Inc., was 29% owned by LiveIt. “Convergys is announcing the close of this $820-million transaction agreement,” Covergys said in a statement, w h i l e Ay a l a s a i d i n a disclosure that “LiveIt... achieved financial close in relation to the sale of 100% of its holdings in Stream Global Services, Inc. to Convergys Corp.” “C onverg ys has now a c q u i r e d S t r e a m’s 5 6 service centers and 39,000 employees located in 22 different countries. This includes Stream Philippines’ 11 operating centers across

Pampanga, Manila and Cebu and 15,000 employees,” C o nv e r g y s s a i d i n i t s statement. Ayala disclosed further that “[u]nder the terms of the definitive merger agreement, Convergys acquired Stream from funds managed by Ares Management and Providence Equity Partners, as well as LiveIt.” “LiveIt realized approximately $145-million total net debt and equity proceeds,” Ayala said. The sale of Stream comes as LiveIt plans to invest in education-related BPO, LiveIt President Alfredo I. Ayala had said in a statement in January when the acquisition was announced. LiveIt also has interests in knowledge process outsourcing through I nt e g r e o n ; o u t s o u r c e d graphics through Affinity Express; and outsourced human resources services ayala/PAGE 10

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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 – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

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

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

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

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

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

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

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

BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263

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

BPI- COGON Osmeña St. Cdoc 8571297/8571298

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

CHINA BANK –GAISANO 745887/745880

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

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

RCBC- 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.

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

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

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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 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

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AgriBusiness Regulations pushed for plantation expansions GENERAL Santos City -- Worried over their adverse impact on the environment and the local agriculture sector, the Provincial Agricultural and Fishery Council (PAFC) of South Cotabato province is pushing for the regulation by the provincial government of the introduction and expansion of industrial and plantation crops in the area. In a res olut ion, t he council asked the provincial board or the Sangguniang Panlalawigan to pass an o r d i n a n c e t h at w o u l d regulate the planned expansions of companies p r e s e nt l y m a i nt a i n i n g agricultural plantations within the province’s 10 towns and lone city. PAFC Resolution No. 005 cited that the ongoing introduction and expansion of various industrial and plantation crops in the province pose hazards to the environment and the health of local residents. It specif ically noted t he b anana, pine apple, papaya, avocado and other agricultural plantations operated by multi-national agricultural companies, among them the Stanfilco, Dole Philippines, Lapanday Corporation and Sumifru

Corporation. Belen Fecundo, PAFC chairperson, said Thursday t he y have do c umente d problems on health, environment, loss of genetic diversity, pest infestations, among others due to the expansion of industrial and plantation crops in the province. She pointed out that the use of the monocropping system by the plantation companies mainly increases the vulnerability of crops in nearby areas to various insect pests and diseases. “Their use of harmful pesticides could cause, not only health hazards, but also the possible contamination of the soil and trigger the scarcity of surface and ground water resources,” she said. Francis co D omingo, South Cotabato provincial

agriculturist, supported the PAFC’s move, saying the setting of proper regulatory policies for the introduction and expansion of industrial and plantation crops augur well with the province’s food security initiatives. He s aid maj or it y of the province’s land area is currently planted with agricultural crops or specifically around 164,800 hectares or about 44 percent. Of these, Domingo said 35 percent or around 57,000 hectares are planted with corn while 25 percent or a total of 41,420 hectares are planted with various high-value commercial crops (HVCC). The most planted HVCCs in the province are pineapple with 22,144 hectares, banana with 6,066 hectares, cassava with 3,977 hectares and papaya with 1,294 hectares,

he said. The official said rice or palay comprise 22 percent or a total of 37,109 hectares and the remaining 18 percent or 29,263 hectares compose the other crops. “ We a r e p r e s e n t l y safeguarding the hectarage of our rice lands so that it will not keep on decreasing,” Domingo said. Board member Vicente de Jesus, chair of the provincial b o a r d’s c o m m i t t e e o n agriculture, said they will study PAFC’s resolution and other inputs from concerned stakeholders in the province before deciding on the matter. He said they are currently conducting public hearings to further shed light on the matter and determine the pulse of local residents, e sp e c i a l ly t he af fe c te d sectors. (PNA)

Zamboanga eyes bigger cassava yield Z A M B OA NG A C it y - Fa r m e r s a n d r e g i o n a l officials of the Department of Agriculture (DA) in Zamboanga Peninsula have drafted a road map to increase cassava production, farmers’

profits, and the areas planted with the crop. “We don’t have a problem with the (expansion area), as long as the variety of cassava planted is highyielding,” said Candido B. Damo, DA’s regional cassava project leader. “It is just a matter of proper farming and good technology,” Mr. Damo told about 40 participants in the 7th Regional Cassava Stakeholders’ Workshop and Meeting here late last week. C a s s av a pro du c t i on in Zamboanga Peninsula increased by about 74% to 52,310 metric tons (MT) in 2013 from 30,053 MT in 2012, data from the local office of the Bureau of Agricultural Statistics showed. Ahmad A. Nahul, regional cassava point person and part of the DA’s cassava promotion program, said the robust output last year took place despite the fact that the cassava area in the region decreased 7%. “Quality planting materials is the key to a successful production program,” Mr. Na hu l s aid, explaining the significant increase in harvest. Noel delos Santos, San Miguel Corp. (SMC) western Mindanao coordinator, told workshop participants that there will always be a market for the cassava they would produce. “Do not hesitate to plant cassava because [SMC] needs you,” he said. “Local supply has never reached a quarter of our company’s demand.” Mr. delos Santos said the company is committed to partnering with farmers in Mindanao, specifically those involved in alternative crops such as cassava and sweet potatoes. cassava/PAGE 10

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China Bank infusing add’l P800M into thrift unit CHINA Banking Corp will infuse additional capital into its thrift unit to expand its assets. In a disclosure to the Philippine Stock Exchange, China Bank said its board approved last Wednesday the infusion of up to P800 million into Chinabank Savings Inc (CBSI). The infusion would be done in tranches. “The capital infusion is considered necessary for CBSI’s planned business growth and expansion, and to enable CBSI to meet the minimum capital requirement under Basel III,” China Bank said. CBSI has been expanding its network, opening 25 branches and mini-branches in 2013. As of September last year, Henry Sy-owned China Bank was the fifth largest private universal bank in the country

with P410 billion in assets. It had 368 branches, 295 for the main bank and 73 for the thrift unit. Planters Development Bank brought into the network 78 branches and two unopened licenses. T h e c om bi n e d br a n c h network numbers 448, higher than China Bank’s target of 400 for 2014. China Bank recently acquired Plantersbank for P1.863 billion, in a bid to expand its small and medium enterprises (SMEs) market. At end-September, China Bank had a capital adequacy ratio (CAR) of 16.71 percent and a tier 1 ratio of 15.83 percent -- both well above the regulatory minimum of 10 percent. China Bank’s consolidated net income increased by a quarter to P3.93 billion at end-September from P3.14 the previous year.

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5 Inflation rate slows to 4.1% in February THE country’s annual inflation rate slowed down to 4.1 percent in February from 4.2 percent in January due to declining indices of alcoholic beverages and tobacco and transport, according to the National Statistics Office (NSO).

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Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. yesterday welcomed the slowing inflation trend. “Inflation for February registered at 4.1 percent,

lower than the January figure of 4.2 percent and well within our forecast range of 3.8 percent to 4.6 percent (for the month),” said Tetangco. “The steady reading will help keep inflation/PAGE 7

Five banks sued for manipulating gold price NEW YORK - Five banks at the center of London’s gold trade have been sued in New York for manipulating prices, in the latest accusation of fraudulent collusion in the global finance hub. A class-action suit was filed by US gold futures and options trader Kevin Maher against Bank of Nova Scotia, Barclays Bank, Deutsche Bank, HSBC, and

Societe Generale, all involved in setting the London Gold Fix, a twice-daily benchmark price used as a reference for trade in gold and gold derivatives. The suit, lodged in the federal district court in New York late Monday, alleges that since at least 2004 the banks worked together to manipulate the prices of gold and gold derivatives contracts.

MISAMIS ORIENTAL – VICE GOVERNOR JOEY G. PELAEZ (6th from right) and the Honorable Members of the Sangguniang Panlalawigan of Misamis Oriental visited the Coconut Palace, the Official Residence of Vice President Jejomar C. Binay, to deliver the Sangguniang Panlalawigan Resolution for the allocation of funds for the resettlement of displaced informal settlers in Lugait, Misamis Oriental. Vice President Jejomar Binay is the Chairman of Housing and Urban Development Coordinating Council (HUDCC). They were welcomed by Former Makati City Mayor Elenita Binay (6th from left) and Senator Nancy Binay (5th from right). From left to right are Hon. Benedict Lagbas, Hon. Vincent Pelaez, Mrs. Fleurdeliz Lagbas, Hon. Mercy Grace Acain, Hon. Bing Dumadag, Hon. Nancy Madjos, Hon. Jabi Bernaldez, Hon. Boris Actub and Hon. Mario Emano.

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Cold War, Hot War

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remember the time. Cold war between East and West. I lived in West-Berlin, somehow between the super powers. When the Berlin Wall fell, all borders fell. Peaceful revolution. People Power made in Germany. History. Reality seems to look different. Another Cold War? Another Hot War? Heaven forbid! Leaders of the Group of Seven (G7) industrialized nations denounced what they called Russia’s “clear v iolation of Uk rainian sovereignt y and territoria l integrity. In a joint statement released by the White House, the leaders of Great Britain, Canada, France, Germany, Italy, Japan and the United States, along with the Presidents of the European Council and the European Commission, also announced their suspension of preparation for the upcoming Group of Eight (G8) summit in the Russian resort city of Sochi, where the last Olympic Winter Games just ended. While writing this piece, I just received a press release from the German Ministry of Foreign Affairs. German Foreign Minister Steinmeier (Social Democratic Party)

voiced out: “We are on an H ave M y Say extremely dangerous path of By Klaus Doring escalating tensions. A change of course is still possible. There is still a chance of stopping Europe being split. To do so, all those responsible need to refrain from taking further steps which can be interpreted as provocative. Anything else would cause the situation to spiral, with uncertain; possible drastic consequences, a nd cou ld destroy many years of constructive cooperation on increasing security in Europe. Russia has no right to deploy its military in Ukrainian territory beyond the rules of the lease an agreement on Russias’s Black Sea Fleet. We call on Russia with all urgency to refrain from any violation of Ukraine’s sovereignty and territorial integrity!” Cold War - hot war? Heaven forbid! Global stock markets are mirroring already the very sensitive situation!

Poverty Is Not Just A Matter Of Economics

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IFE’S INSPIRATIONS: “… Lazy hands make for poverty, but diligent hands bring wealth…” (Proverbs 10:4, the Bible). -ooo POVERTY IS NOT JUST A MATTER OF ECONOMICS: I agree with Edwin Lacierda, presidential spokesman, that poverty among Filipinos is not going to be eliminated when President Aquino steps down from Malacanang in 2016. Poverty will continue to be with our people notwithstanding claims of economic growth, either because of the economic policies of the Aquino government or of its immediate Website: www.businessweekmindanao.com predecessor, the Arroyo government. E-mail : businessweekmindanao@gmail.com Why? Because there is something lacking in all these economic thrusts. Our government leaders and their Member: economic teams do not seem to realize that poverty is not just a matter of economics but also of spirituality. Philippine Press Institute Either our leaders are simply and plainly ignorant of the connection between spirituality and economic growth, or that they are aware of it but are unwilling, for one reason or another, to recognize that connection. And that is where the problem lies, really. Even if the hink a minute…You know government pours in trillions of pesos in projects seeking that overnight success to eliminate poverty, and even if economic growth is A Minute reported to be on the upswing every year, as what had been usually takes at least 10 years? By Jhan Tiafau Hurst happening repeatedly in the past, poverty will continue One man said, “My overnight success was the longest night to stalk our people, unless the spiritual angle of poverty of my life. I spent many days is addressed. and nights just getting there!” -oooRemember, “Rome was not SPIRITUAL ANGLE OF POVERTY: What is this spiritual built in a day.” Many people are angle of poverty that must be addressed? It is actually waiting for their ship to come very simple. Our people must be made to understand, by in…when they’ve not even sustained and persistent efforts, that it is God who gives sent it out of the harbor. You anyone the ability to gain wealth. Without God, no one can see, winners simply do what hope to achieve economic success, as what Deuteronomy losers don’t want to do. And 8:18 of the Bible is saying. they keep doing it until they Then, Filipinos must be made to realize that God loves get the success they want. Success is mostly just hanging on us ever so dearly He gave Himself and came to earth in the after others have let go! Or as one guy put it: “Big shots are form of a human being just so our sins can be forgiven, just little shots who kept on shooting.” So the most important give an assurance that we will never perish and will in fact trip you’ll ever make is when you go the extra mile. have an eternal life in His presence, as John 3:16 is saying. Many people who failed did not know how close they were -oooto success when they gave up. People don’t actually fail, they just quit too easily. One guy said: “The secret to success is to start from scratch—and to keep on scratching.” So don’t quit trying just because your trying times are hard. The great inventor, Thomas Edison, tried a certain experiment hundreds of times, but it still did not work. So his assistant his is a skill we have to cultivate and practice all the said to him: “It’s too bad that we did all that work without time. Remember St. Paul telling us: “If you have risen any results. But Edison replied: “Oh, we have lots of results! with Christ, seek the things that are above, where Christ is We now know 700 things that won’t work!” sitting at the right hand of God. Mind the things that are Never forget, delay does not always mean denial. If we above, not the things that are upon the earth.” (Col 3,1-2) hold out and hold on, we can accomplish almost anything. This is the essence of the spirit of recollection that is The British Prime Minister Winston Churchill said: “Never, meant for all of us, since we are all supposed to live our life never, never, never give up!”And the American President with God. Our life, like that of all other creatures, cannot Calvin Coolidge made this statement: “Nothing can bring be without its Creator, the provider of everything that we success like persistence. Talent cannot, for there are many need. In fact, he is the ultimate and constant provision we talented people who are not successful. Education will not, need, more than anything else-food, money, air, etc. for the world is full of educated losers. Only persistence and In our case, since we are human with intelligence and determination can give you the power to succeed.” will, we need to be aware of this reality about ourselves and You see, you can succeed just like anyone else. Just keep correspond to it knowingly and willingly. God is actually wanting it enough to keep working for it enough. So why not in us always, at the very core of our life, since he is the decide today to start going the extra mile on the road to your fundamental maintainer of our existence. success? Ask Jesus Christ to take charge of your life. It’s with But more than keeping us in life, he gives us everything His strength and willpower that you’ll find the determination else proper of a creature created in his image and likeness and persistence to succeed—which will pay you big profits. - knowledge, wisdom, power, etc. And since we cannot Just Think a Minute… help but sin, he is also ever eager to give us his mercy, his

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Perseverance Prevails THINK

THE PLAN IS TO PROSPER US, MAKE US WEALTHY: We akampi must also accept that God’s Mo A ng Batas By Atty. Batas Mauricio plan is to prosper us and not to harm us (Jeremiah 29:11), and He will grant us success and victory just as He promised (in Joshua 1:8), because He is a God who is true to His word (Numbers 23:19) and who delights in making us rich and successful (Deuteronomy 28:63) all our lives. Now, what must we do to receive all of God’s blessings, protection and guidance? Jesus Christ, our God and Savior says we should seek Him first, live according to His commands, and all the things we need shall come to us (Matthew 6:33). Then, we must read the Bible daily, meditate on it day and night and obey it all the time, so we can be successful and victorious (Joshua 1:8). -ooo BIR TARGET COLLECTIONS HIKED: From Mon Quin in Zamboanga City: “The Revenue Region 15 of the Bureau of Internal Revenue (BIR) has been tasked to collect around P5.4 billion in taxes for 2014, which represents 22.8 percent increase over its 2013 actual collections of P4.4 billion, according to Cresencio Agad, the chief of Revenue District Office (RDO) 93-A. “Agad said that his district alone is tasked to collect 45.32 percent of the total target revenue collections for Region 15. He also reported that RDO 91 was tasked to collect P1.2 Billion or 22.12 percent of the target collection, while Pagadian City RDO-92 was also mandated to collect P.9Million, and Dipolog City RDO-91 at P.9 Million or 16.18 percent.” -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.

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Spirit Of Recollection In The World

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ultimate gift before we can fully identify ourselves with and Traces him, our goal. By Fr. Roy Cimagala This spirit of recollection means we are constantly aware of his presence, vitally doing things with him and for him. It’s not supposed to keep us always passive, though a certain passivity and receptivity is involved. But it’s what supposed to give us impulse, energy and direction in our life. This spirit of recollection can only be lived if we activate the gifts of faith, hope and charity that God constantly and abundantly gives us. People who are curious to know more things as well as lovers who always want to be with their beloved can offer us the template for developing this spirit cimagala/PAGE 10

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Inflation... from page 5

the average inflation over the policy horizon within the government’s target range.” Despite the price pressures from the higher fuel and rice prices, the February inflation did not push up to a projected high of 4.6 percent because of lower electricity rates during the month. ANZ Bank says the Philippines February inflation that came slightly below expectations “gives monetary policy breathing space” to keep policy accommodative in the months ahead. February inflation stood at 4.1% on year, lower than January’s 4.2% and economists median forecast of 4.3%. “We reiterate our expectation for BSP to keep its policy and SDA (special deposit account) rates on hold on 27 March,” says Eugunia Victorino, an economist with ANZ, in a research note. “We believe the central bank has enough space to remain accommodative through H1 as the economy continues to recover from the devastation of typhoon Haiyan’Yolanda.” “We will continue to monitor global developments, especially as these impact on investor sentiment and domestic financial markets, and any spillover effects that might result in volatilities in international commodity prices,” said Tetangco. Tetangco also reiterated that the BSP is prepared to tweak policy setting as needed to ensure price pressures are contained.

“We will also be watchful of trends in domestic liquidity and lending,” he added. “We will make policy levers as appropriate to ensure the liquidity continues to be channeled to productive sectors of the economy, and that inflation expectations remain well-anchored.” The BSP chief said previously that while inflation is seen to be rising this year because of the supply side constraints, a direct impact of one of the strongest typhoons that hit the country last year, over the long term inflation is expected to remain manageable. For now, Tetangco said inflation is moving up but the BSP’s overall assessment is that the 2014 average inflation rate will still fall within the government target of three percent to five percent. NSO noted that inflation of other commodities remained unchanged or higher in February at 3.4 percent. The NSO said that excluding selected food and energy items, core inflation decelerated to 3.0 percent in February from 3.2 percent in January. In the National Capital Region (NCR), the annual inflation went up to 2.8 percent in February from 2.7 percent in January. Higher annual gains in the indices of clothing and footwear, housing, water, electricity, gas and other fuels, furnishing, household equipment and routine housing maintenance, health, recreation and culture, and restaurant and miscellaneous goods and services contributed to the NCR higher inflation.

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Environmental health body urges city for low cost sanitary landfill By Jorie C. Valcorza

C AG AYA N D E O R O CIT Y – The Regional Inter Agency Committee on Environmental Health (RIACEH) drafted a resolution encouraging the local chief executive in the city to provide low cost but engineered sanitary l and f i l l as wel l as to look into the safety and proliferation of street food sale. This after the committee raised concern and reviewed the effect of the continuous rise of housing projects with no or little consideration of proper domestic septage requirement. The new system re q u i re d i s d e s i g n e d to prevent direct water overflows form the septic tanks to the main water channels, bringing along bacteria t h at p o s e s d ange r to health. Seeing this, the members discussed how t h e y c an b e s t o bt ai n

the cooperation of the local government units (LGUs) to enact ordinances which would stipulate the proper septage requirements. RIACEH chairperson, Department of Health (DOH) 10 director Aristides C. Tan stressed that environmental health is not solely a concern of the D OH, but r at h e r n e e d s t h e collective effort of ever ybody. Other matters discussed in their recent meeting include the establishment of a working smoke belching unit and the lingering problem on solid waste management, wherein most provinces, except Camiguin, still utilizes open dumping. As majority of these efforts will be dependent to the cooperation of the local government units, the committee decided to ma ke a he ad st ar t here in the city. (JCV/ PIA)

TransCo prepares FITAll charge filing for RE By MYRNA VELASCO, Contributor

BY this year’s second half, the National Transmission Corporation (TransCo) is scheduled to file with the Energy Regulatory Commission (ERC) the per-kilowatt hour (kWh) equivalent feed-in-tariff a l l o w a n c e ( F I T- A l l ) charge for rene wable energy installations to be reflected as separate line item in the electric bills. In an inter view with reporters, TransCo president Rolando T. Bacani noted that they are g iven 45 d ays to do the FIT-All f iling from the effectivity of t he Guidelines on the Collection and Disbursement of Feedin-Tariff for RE projects. “We have 45 days to apply from the effectivity of the Rules, so from February 8…that’s when the count on schedule must start,” he said. Tr a n s C o i s t h e designated administrator of the FIT-All Fund to be collected from consumers which in turn will be remitted to RE projects

that are certified for FIT availments. He indicated that a biomass plant in t he Visayas will likely be the first development that will qualify for the FIT subsidy, as prescribed under the Renewable Energy Law. B ac an i adde d t hat they are also working on t h e re qu i re m e nt s of the trustee bank for the FIT-All Fund. Under the policy, this must b e done with a government financing institution (GFI) which w i l l prac t ic a l ly limit t he choices to eit her Development Bank of the Philippines (DBP) or the Land Bank of the Philippines. The decision, according to the TransCo c h i e f e x e c ut i ve , w i l l either rest on them or the Department of Finance (DOF). Nonetheless, he divulged that they have already sent letters to both GFIs on their intent of tapping the FIT-All bank.

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Environment

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Liceo Green Advocates, Bio Students boosts Biodiversity Conservation

Ms. Amadea Lucia T. Piatti, Dr. Lesley Casas Lubos, and Beatrice A. Pohl with LICEO GREEN ADVOCATES MOVEMENT and BIOLOGY STUDENTS.

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by Shaun Alejandrae Yap Uy

he Liceo Mindanao Center for Biodiversity and Conser vation (LIMCEBCON), Liceo de Cagayan University Research and Publication Office spearhead the 3rd Mangrove Tree Planting activity, March 1 at Barangay Bonbon, Cagayan de Oro.

This is in cooperation w it h t h e L ic e o G re e n Advocates Movement and Liceo University’s Biology students and headed by Dr. Lesley Casas Lubos, the associate research director, LIMCEBCON and founder of the Liceo Green Advocates Movement. Dr. Lesley Lubos explains the need for Biodiversity conservation: “Biological diversity, or "biodiversity," refers to the variety of life on earth. As defined by the United Nations Convention on Biologica l Diversit y, it i ncludes d iversit y of

ecosystems, species and genes, and the ecological processes t hat suppor t them. Natural diversity in ecosystems provides essential econom ic benef it s a nd services to human society such as food, clothing, shelter, fuel and medicines - as well as ecological, recreational, c u lt u r a l a nd a e s t he t ic values, and thus plays an important role in sustainable development. Biodiversity is under threat in many areas of the world. Concern about global biodiversity loss has emerged as a prominent and widespread public issue.”

Mangrove tree planting, Ms. Amadea Lucia T. Piatti, Dr. Lesley Casas Lubos, and Beatrice A. Pohl.

Barangay Bonbon children with Ms. Amadea Lucia T. Piatti, Dr. Lesley Casas Lubos, and Beatrice A. Pohl join in the activity.

(from left) Ms. Amadea Lucia T. Piat ti (Ms. CdeO 2013 and Ms. Liceo Emerald 2010); Dr. Lesley Casas Lubos(Associate Research Director, LICEO MINDANAO CENTER FOR BIODIVERSITY AND CONSERVATION); and Beatrice A. Pohl (MUTYA NG PRISAA NATIONAL 2013).

Preparation of Mangrove tree for planting , Ms. Amadea Lucia T. Piatti, Dr. Lesley Casas Lubos, and Beatrice A. Pohl.

“The Liceo de Cagayan Un i v e r s i t y M i n d a n a o Center for Biod iversit y and Conservation (LIMCEBCON) is a private institution that aims to contribute to the protection, restoration, conservation of wildlife and biodiversity in Mindanao” Dr. Lubos explains further. LIMCEBCON aims to design and implement various conser vat ion prog ra ms a nd proj e c t s ; a d v a nc e scientific research in diverse ecosystems; strengthen the application of science to conservation practice and publ ic p ol ic y ; de velop professional, institutional, and community capacity; promote par tnership b e t we en Fi l ipi nos a nd overseas env ironmenta l organizations, coordinating their efforts in wild nature protection; develop efficient mechanisms of fund-raising for nature conser vation projec ts; ser ve as a n education and training center for communities, wildlife

officials and visitors to the center in order to increase awareness of a nd bui ld capacity for conservation and environmental protection a nd m a n a gement ; a nd promote the sustainable use of natural resources while linking international to local environmental issues. A mong t he c enter’s research agenda are thematic areas that are of globa l and regional importance, t h i s i nc lude s: C l i m ate Change and Biodiversity conservation, Taxonomic St u d ie s on Te r re s t r i a l and Aquatic ecosystems, Biodiversity Conservation and Management, Wildlife enforcement, Ecotourism and Biodiversity conservation, Support to the Program of Work on Protected Areas, and Community Environmental Management. LIMCEBCON and the LICEO GREEN ADVOCATES MOVEMENT’s mission are Environmental Conservation and Species Protection.

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The recently concluded 7th ACER e-Pinnacle Awards 2014 provided MSI-ECS an immense recognition for its excellence and outstanding performance as a distributor of Acer products. As a testament of its commitment in growing the Acer business, MSI-ECS clinched five major awards, namely: Acer ePinnacle Master Service excellence Award, Acer ePinnacle Commercial Product Manager of the Year Award, Acer ePinnacle Commercial Distributor of the Year Award, Acer ePinnacle Marketing Innovation Award, and Acer ePinnacle Tablet Distributor of the Year Award. Photo shows MSI-ECS folks (L-R), Irene Racho, consumer assistant manager ; Kate Pader, AVP mobility; Lea Sison, business development manager ; Heman Syki, Acer assistant sales and marketing manager; Princess Chua, SVP and general manager ; Mr. Jimmy Go, President and CEO; Joanne Manalac, AVP sales and marketing; Renbert Tiu, Acer product manager for commercial line; Kris Ortinero, Acer product manager for consumer line, ; and Jocelyn Legarde, Acer key accounts channel sales executive.

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Teachers... from page 2

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The P9.52-billion release will support a specific number of Teacher 1 positions per region. Of the 31,335 positions, 13,738 new teachers will be hired at the elementary level (Grades 1 to 6), while 17,597 personnel are designated at the secondary level (Grades 7 and 8, YR III and IV). Region IV-A will hire the most number of teachers with 4,809 positions, followed by Region III with 3,754 and Region VII with 3,425 future hires. “Hiring more teachers is essential to the Administration’s goal of improving the teacher-tostudent ratio in our education system. For a long time, Philippine public schools were crippled by a shortage of teachers who can amply guide our schoolchildren in their academic pursuits,” Secretary Florencio “Butch” Abad said. “The P9.52-billion release will give DepEd enough funding legroom to close the 33,194-teacher gap in public schools by 2015. It’s not just a matter of enhancing our public education system, but also of giving our students the chance to learn from qualified instructors who can equip them with skills that will be useful beyond the classroom,” he added. DepEd has set standards to determine teacher requirements for different levels of education, such as setting the Teacher-Pupil Ratio of one teacher for an ideal number of students per class: • Ki n d e rg ar te n : 1 teacher to 25-35 students • E l e m e n t a r y Multigrade (different levels in one classroom): 1 teacher for less than 30 students (Grades I-II, III-IV, V-VI) • E l e m e n t a r y Monograde (one level per classroom): 1 teacher for 40-50 students for Grades I-II; 1 teacher for 45-55 students for Grades III-IV; 1 teacher for 45-55 students for Grades V-VIII; and 1 teacher for 45-55 students for Secondary Level Years III-IV “Education continues to be the government’s best bet in empowering the poor and opening up opportunities for their future employment. Along with the implementation of the extended Pantawid Pamilyang Pilipino Program (4Ps) this year, the Administration’s work of addressing our public education gaps remains key in our bid for swift, sustainable, and inclusive growth, where Filipinos can truly benefit from the country’s economic gains,” the Budget Secretary added. (DBM)

DSWD... from page 2

the people are through Listahanan, the Department’s National Household Targeting System for Poverty Reduction

(NHTS-PR). The secretary also said that major improvements shall also be done in the implementation of the social protection programs of the DSWD, which includes the Pantawid Pamilyang Pilipino Program, Community-Driven Development, and Sustainable Livelihood Program, among others. With this in mind, she said that the DSWD’s aim is to move 2.3 Million Pantawid Pamilya families to self-sufficiency by 2016, increase the number of Listahanan-identified poor families covered by at least two social welfare and development programs from 3.9 million to 5.2 million, and increase the number of provinces with majority of their municipalities/cities having a fully-functional all local social welfare and development offices by 2016. All of this is done using the DSWD’s approved budget of P93.7 Billion for 2014. The DSWD’s vision is to have a society where the poor, vulnerable, and the disadvantaged individuals, families, and communities are empowered for an improved quality of life. Towards this end, the DSWD will be the world’s standard for the delivery of coordinated social protection programs and social services by 2016.

Nissan... from page 3

NPI will be launching new models this Friday in Parañaque City. In December last year, Ni s s a n a n n ou n c e d t h e establishment of NPI after forming a joint venture with UMC and NMPI. Nissan has a 51% stake in NPI while UMC and NMPI have 24.5% each. “UMC and NMPI will remain as production sources of Nissan vehicles in the Philippines,” Nissan had said in a statement last December on its Web site. NPI itself started operations just last Monday, Messrs. Huh and Naito said, and will take charge of the 29 combined dealerships of UMC and NMPI in the country.

SMB... from page 3

Grand Slam feat in 1989 where it swept all three conferences. The San Miguel franchise has won 1 9 c h ampi ons h ip s to date. Ang added the “management expects for more championships with t h e n e w g e n e r at i o n o f hardworking and talented players and coaching staff.” For the 2014 Commissioner’s Cup and the team’s fresh mandate as San Miguel Beermen, the franchise will be powered by Junemar “Abai” Fajardo (15); Ronald Tubid (71); Solomon “Sol” Mercado; Douglas “Doug” Kraemer (18); Chico Lanete (26); Marcio Lassiter (13); Chris Ross (6); Christopher “Chris” Lutz (28); Yousef

Taha (28); Arwind Santos ( 2 9 ) ; Pau l R i c o “R i c o” Maierhofer (1); Paolo “Pau” Hub a l d e ( 1 2 ) ; J o s e l i t o “ J o j o” D u n c i l (11); Samuel Joseph “Tata” Marata (16); and import Oscar Joshua “Josh” Boone. The team will still be managed by Gee Abanilla, with 1st Assistant Coach and Consultant John Todd Pur ves and Assistant Coaches David “Boysie” Zamar, Riel Banaria, Peter Martin, and Alfonso “Dayong” Mendoza. The beermen will be slugging it of f with the Meralco Bolts in the start of their campaign on Friday. S an Mi g u el Bre we r y Inc. is the maker of San Miguel Pale Pilsen, the company’s flagship brand from which the San Miguel Beermen has reference to. SMB Inc. also brews other global award-winning brands such as San Mig Light, Red Horse Beer, San Miguel Premium All-Malt B e e r, G ol d E a g l e B e e r, S an Mi g u el Sup e r D r y, Cer veza Negra, San Mig Zero, San Miguel Flavored Beer (Apple and Lemon).

Ayala... from page 3

via HRMall, its Web site showed. C onverg ys President and Chief Executive Officer Andrea Ayers, for her part, said: “As part of the overall integration process timeline, we will be working to migrate and align compensation, benefits, job titles, and other HR (human resource)-related areas as appropriate for our business, and local agreements/laws in the countries in which we operate.” It could take 18-24 months to complete integration, she said. Ivic Mueco, senior vicepre s i d e nt an d c ou nt r y manage r of C onve rg y s Philippines, said they expect the local office to have an additional 6,000 employees by yearend. Ayala’s net income rose 24.92% to P18.80 billion as of September last year from P15.05 billion in the same nine months in 2012, while LiveIt’s revenues rose 14% to $288 million in the same comparative nine-month periods.

Cassava... from page 4

SMC, he also said, requires at least 20 hectares for the cassava assembler partnership scheme, under which the company provides growers with technical and financial assistance. Cassava, Mr. delos Santos said, is used as a main ingredient for animal feeds under the B-Meg brand. According to Mr. Nahul, SMC is the only company buying cassava in Zamboanga Peninsula. The crop is bought from farmers at P9.50 per kilogram (kg) in the form of dried chip and P2.50/kg for fresh tuber at farm gate.

Cimagala... from page 6

of recollection. We need to seek God, even if we have to deal with great difficulties. Christ himself told us clearly : “Ask, and it shall be given you. Seek, and you shall find. Knock, and it shall be opened to you.” (Mt 7,7) We have to le ar n to discern the omnipresence of God - within us in our mind and heart as well as around us. We have to train our senses and our spiritual faculties of intelligence and will to go beyond the dimensions of the sensible and intelligible world. They have to capture the inputs of faith, hope and charity. We should go beyond the physical, material and te mp or a l to e nte r i nto the world of the spiritual, eternal and supernatural. We s h o u l d g o b e y o n d the merely practical and convenient, to be able to live the values of morality and piety of being children of God. We should be able to be in constant intimate relation with God - talking to him, asking him for light, strength, etc.- by taking advantage of ever ything that happ ens in us and around us. Everything that we see, hear, feel, learn and know, everything that happens, whether good or bad, is always an occasion to be with God. We have to disabuse ourselves from our tendency to think that dealing with God can only take place in some special moments of our life. All events and circumstances of our lifeeven our worst condition of committing a grave sin-can and should be a moment with God, praising him, thanking him, asking for pardon, asking for help. If we have these truths well in place in our mind and heart, then we would be in the proper condition to develop this spirit of recollection. Of course, to prosper in this effort, we need to constantly mortify and purify our senses. T h at m e a n s d e a l i n g some kind of death to our senses, and even to our intelligence, so that the life of faith, hope and charity can take root, grow and blossom in us. It does not mean to do away with our senses and faculties, since that would be inhuman, but to mortify and purify them so as to be led and guided by faith, hope and charity. This ef for t will take time, and we should learn to be patient. We s h ou l d n ot forge t t h at we are ranged against tremendous weaknesses, temptations, etc. But there’s always hope. We just have to persevere until this spirit of recollection becomes second nature to us, enabling us to be with God in the middle of the world.

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for investment, private sector promotion, and cooperation with other regions in the country,” Dipatuan said. National government oversight and line agencies and the Autonomous Region in Muslim Mindanao Regional Planning and Development Office are supporting the planning process for the formulation of the BDP, along with the Consortium of Bangsamoro Civil Society, a network of nongovernment and people’s organizations working in the Bangsamoro areas. “The BDP, which will reflect the goals of the Bangsamoro people, the indigenous peoples, and other sectors in Mindanao, will help strengthen the Bangsamoro region to become the anchor and sanctuary of our aspirations of shared prosperity and shared security – not only in the Philippines, but in Asia and across the globe. Its inclusive character affirms this government’s commitment that no one – Muslim, Christian or Lumad – will be left behind,” Presidential Peace Adviser Teresita Quintos Deles said in a statement. Addressing the launching, Unders e cret ar y Luisito Montalbo, Office of the Presidential Adviser on the Peace Process (OPAPP) executive director, stressed the need to capture the sentiments of the communities in the drafting of the plan, making sure that the process and final output is as transparent, and more importantly as inclusive as possible. “The plan needs to make sure no one is left behind,” he said. “The formulation of the BDP is another historic milestone in the peace process between the two parties [government and MILF] that is directly related to the socio economic requirements of the peace process,” Montalbo said. The planning process for the BDP is funded by a US$540,000 grant from the Mindanao Trust Fund (MTF) administered by the World Bank. Started in 2006, the MTF is a $28 million multidonor facility that supports economic and social recovery and promotes inclusive and effective governance in conflict-affected areas of Mindanao. Support for the BDP draws on recent new contributions to the MTF of 8 million Euros from the European Union (EU) and A$1.3 million from the Australian Department of Foreign Affairs and Trade. Reflecting on the launch of the BDP planning process, World Bank Country Director Motoo Konishi said in a statement that the crafting of the Bangsamoro Development Plan will help strengthen confidence in the on-going peace process. “This planning process d e m on s t r at e s h ow t h e government and the

MILF—with the support of development partners, civil society groups, private sector and other stakeholders— are working together to deliver a tangible dividend to communities from the peace process,” said Konishi. “The plan will outline strategies to build legitimate institutions to help foster a sense of security among 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,” he added. EU Ambassador Guy Ledoux, representing the largest funder of the MTF commented that, “With the successful conclusion of the peace negotiations, the Parties have opened the way for the areas that have been affected by over four decades of conflict to realise their tremendous potential. The Bangsamoro Development Planning process is about paving this way towards economic and social development which requires a vision and a roadmap harnessing all resources and everyone’s commitment. As a long-standing and major development and peace process partner, the European Union will continue to lend its full support to fulfil people’s long-term aspirations as well as immediate needs. This is all about reaping the benefits of peace.” Co-chaired by the OPAPP and the BDA, the MTF program serves as a mechanism for international development partners to pool resources and coordinate supp or t for p e ace and development in Mindanao. In addition to the E u r o p e a n Un i o n a n d Australia, other development partners supporting the MTF are the New Zealand Ministry of Foreign Affairs and Trade; Foreign Affairs, Trade and Development Canada; the Swedish International Development Cooperation Agency and the United States Agency for International Development.

Coal... from page 1

to provide steady and stable power supply for the Filipino people. At present, Coloma said data from the Department of Energy (DOE) place the power supply in Mindanao at 1,064 megawatts (MW) compared to the peak demand estimated at 1,222 MW (or a shortfall of 158 MW). “This explains why there are rotating brownouts at an average of two to three hours, except in Maguindanao province that is currently experiencing up to more than 10 hours of power interruption daily,” Coloma said. However, he noted that the government is closely monitoring the ongoing three projects that will increase power supply in Mindanao by up to 900 MW. “These new projects include the 200-MW coal-fired plant of

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Persons in crisis can avail assistance from DSWD through AICS CAGAYAN DE ORO CITY -- To provide efficient and effective protective services for the poor, marginalized and vulnerable individuals, the Department of Social Welfare and Development (DSWD) based in Northern Mindanao is strengthening its Assistance to Individuals in Crisis Situation (AICS). The AICS is implemented to provide a range of services, such as immediate rescue, and provision of direct financial assistance, psychosocial support, and material assistance including medical, transportation, financial and burial and other services. The beneficiaries of the AICS shall be the walk-in and referred clients of the DSWD. Priority shall be given, first, to beneficiaries belonging to indigent families under Listahanan – the DSWD’s National Household Targeting System for Poverty Reduction, second, to families belonging to the informal sector, and third, other poor, marginalized, and vulnerable or disadvantaged families. Assistance are in the form of transportation, medical, burial, food and non-food, and educational. DSWD, however, emphasizes that these assistance can only be availed based on the assessment and recommendation of the DSWD social workers and/ or other authorized personnel, duly approved by the authorized officials of the Department. Financial assistance amounting to not more than P3,000 may be released immediately to the beneficiary duly approved by DSWD, while a maximum assistance of P10,000 may be extended to clients seeking medical, burial,

the Alson’s group and the 300MW Aboitiz-owned coal-fired plant which will both come online by 2015,” the PCOO chief said. “Another 400-MW will become operational in 2016 and this is the coal-fired plant owned by Philinvest,” he added. He said that the 500 MW to be available in 2015 and another 400 MW in 2016 would amount to 900 MW to address the current need of Mindanao which is around 1,200 MW. “The DOE continues to undertake reforms in the power sector, including actively pursuing a 50-50 energy mix between traditional and renewable energy with increased private sector investments in hydroelectric biomass and solar power,” Coloma said. While the three plants have yet to be on-stream, Coloma said that the DOE and the power industry are using embedded generators by distribution utilities to augment power supply. They are also adopting the interruptible load program which, Coloma said, involves voluntary use of generator sets by consumers where they will receive compensation based on ERC (Energy Regulatory Commission) appropriation. T h e 2 1 0 - M W Ste ag coal-fired power facility in Misamis Oriental is also continuously being repaired and rehabilitated, which will take about two to three months to finish. There is also the continuous repair and rehabilitation of existing hydroelectric power plants in other areas, Coloma said. (PNA)

and transportation assistance through issuance of Guarantee Letter to service providers, such as transport companies, medical institution, pharmacies, and funeral services. Certain requirements however are requested from the beneficiaries seeking assistance: For medical assistance, clinical abstracts or medical certificates, hospital bills, prescriptions, laboratory requests, barangay certificates or valid ID of the beneficiary, referral letters if applicable should be submitted; for burial assistance, funeral contract, registered dead certificate, barangay certificate or valid ID of the beneficiary, permit to transfer / health permit, or referral letter if applicable; for transportation assistance, barangay certificate or any valid ID of the beneficiary, police blotter, and referral letter if applicable; and for educational assistance, enrolment assessment form or certificate of enrolment or registration, school ID of the student, barangay certificate or any valid ID of the barangay and referral letter if applicable. A beneficiary can avail of the assistance only once within three months. Availment of assistance beyond this limit, however, must be supported by a justification based on the special need of the beneficiary per assessment of the DSWD. DSWD is now partnering with public hospitals and other concerned government agencies, transport companies, funeral parlors, drugstores and pharmacies, hospitals and other services providers to ensure that referred clients are efficiently and effectively assisted. (CPT/RTP/PIA10)

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Crisis... from page 1

assets for the benefit of the people,” Z arate said. Rep. Zarate and fellow B ay an Mu n a R e p. Ne r i Jav i e r C ol me nare s are the authors of House Bill No. 351 calling for the amendment of Sec. 47 of EPIRA and mandating, among others, that the following power generation facilities be exempted from privatization: The Ag us and t he P u l ang ui complexes in Mindanao, the Angat Hydroelectric Power plant in Luzon and t h e N a g a Po w e r P l a n t complex in the Visayas. “All state power barges sha l l b e exclude d f rom privatization. Their ownership shall be RETAINED OR transferred to the NAPOCOR and shall continue to be operated by the NAPO COR . The said complexes shall be subject to rehabilitation, upgrading and maintenance by the Napocor,” HB 351 further said. “If Pres. Aquino is truly concerned with the i nt e r e s t o f t h e p e o p l e , he should certify this me asures t hat s ave our remaining power asset as urgent, par ticularly for us in Mindanao” he said. “Mindanaoans can no longer accept the fact that our power needs our c ont i nu a l l y b e i n g h e l d hostage by a failing policy o f p r i v at i z at i o n ,” R e p. Z arate ended.

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

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Music for all in Musikahan’s outreach performances TAGUM CITY—This year’s Musikahan Festival have not only highlighted intense and awe-inspiring musical competitions but also made sure that the festival’s “melody” and “rhythm” goes beyond the centerstage. In its continuing thrust of bringing the music closer to all sectors of the society, the Musikahan Festival staged several outreach performances aimed at showcasing local talents in various institutions during the course of the festival’s two-week run. Among the institutions where these outreach performances were held are the Davao del Norte District Jail, Davao Regional Hospital, Bishop Reagan Memorial Hospital, Tagum Doctors Hospital, the Tagum City Bagsakan Area in Public Market, Gloria Christi Regis Center for the Orphaned Children and Home for the Aged. Each performance lasts up to an hour, where its audience were treated a respite in their daily undertakings upon watching the performances of the NAMCYA National Champion Tagum City National High School Rondalla, the UM Harmonic Chorale and the 10th Infantry (Agila) Division Combo. An hour of pure singing and some dancing lightened the mood among the audience, most notably in the jail and the home for the aged. The outreach performances are part of the long list of activities scheduled for the Musikahan Festival which is now on its 13th year. | Louie Lapat of CIO Tagum

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Jubilation sets the mood during the outreach performance held in the Home for the Aged in Tagum City, featuring the 10th Infantry (Agila) Division Combo. Photo by Leo Timogan of CIO Tagum

Patients in Bishop Reagan Memorial Hospital were entertained by the Tagum City National High School Rondalla, the national champion of NAMCYA rondalla category, during their hour-long performance as part of the Musikahan Festival in Tagum City. Photo by Leo Timogan of CIO Tagum

Kings of Raider Breed Wars Crowned

The pu lse-racing Suzu k i Raider Breed Wars (RBW) 2013 National Finals held at the New Municipal Grounds in Tagum City, Davao last February 9, 2014 featured all the best riders who outraced their competitors in their respective areas and regions. The RBW National Finals dubbed as “Battle of the Kings” highlighted top drag racers in the Scooter 130, Underbone 115 and Raider R 150 categories. John Paul Lantape grabbed the 1st place at the Scooter 130 category. Following Lantape are Neil Perino and Anver Antonio. Manuelle SumogOy maintained his place for four consecutive years as the champion for the Underbone 115 category followed by Joven Millana and Jeffrey Teopengco for the 2nd and 3rd place respectively. Meanwhile, hitting the 3rd spot in the Underbone 115 category didn’t stop Jeffrey Teopengco from zooming his way to be the “King” of the Raider R 150 category. Adrian “Boboy” Gonzales landed at 2nd place while Joel Tatunay striked the 3rd place. The 3 podium finishers for each category were awarded with trophies, cash prizes (P 10,000 for the 3rd placer, P 20,000 for the 2nd placer and P 50,000 for the champion). Special prizes were also given courtesy of Phoenix Cyclomax and Talk ‘n Text. The ceremonial popping of wine by the

winners capped the night. Added excitement to the event were from Suzuki’s 3s shop in Tagum – Rhean Cyclemart who offered big discounts on Suzuki apparel, motorcycle accessories and spare parts. Likewise, RBW

co-presenter Phoenix Petroleum Philippines Inc. offered discounts on their Phoenix Cyclomax products. The 2013 Suzuki Raider Breed Wars was powered by Phoenix Cyclomax - a brand of motorcycle

oils distributed by Phoenix Petroleum Philippines, Inc., one of the fastest growing independent oil companies in the country today. Talk ‘N Text and Denso Spark Plugs also supported the event as major sponsors. The RBW

is sanctioned by the National Motorcycle Sports and Safety Association of the Philippines (NAMSSA), the sole body affiliated with the Philippine Sports Commission and the Philippine Olympic Committee.