BusinessWeek Mindanao (March 8, 2016)

BusinessWeek MINDANAO

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Volume VI, No. 109

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Summer peak VILLANUEVA, Misamis Oriental -- Energy firm STEAG State Power Inc. (SPI) gears up for the anticipated tighter Mindanao power supply condition in the coming months by undertaking and completing all the initial preventive maintenance activities before the peak of the summer season kicks in.

SPI President and CEO Dr. Bodo Goerlich said the company has scheduled the initial preventive maintenance activities during the first quarter of 2016 to ensure that its power plant is optimally available during summer.

During this period, electricity demand in Mindanao is expected to be at its peak while power production is expected to be low due to water supply constraints of the island’s hydro electric power plants.

Power forum DAVAO City -- The Davao Light and Power Company (DLPC) is holding a power forum for home-based online workers in its franchise area this coming March 9, 2016 at the Davao Light and Power Company office in Ponciano Street, Davao City.

This amidst power interruptions experienced in the franchise area due to tight demand for power. As of March 7, Mindanao Grid deficit is still at 80 MW due to the effects of the prolonged dry spell brought about by El Nino and bombings of transmission towers. The current power interruption schedule for the week is within the duration of one hour to one and a half hours.

This has affected residents and businesses more particularly home-based online workers.

Davao City has a booming outsourcing industry as it is ranked 66th among the top 100 outsourcing destinations in the world according to international consulting firm Tholons.

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Mindanao gets relief as Steag back online www.businessweekmindanao.com

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HE Mindanao coal-fired power plant returned to its full 210-megawatt (MW) capacity over the weekend after its first 105-MW unit completed its maintenance shutdown, to prepare for the dry months.

“It w e nt of f l i n e on March 5 for a scheduled preventive maintenance and was synchronized back to the Mindanao grid at around 10:17 p.m. on March 6, as planned,” Steag State Power, Inc. (SPI) said in a statement Monday.

Earlier, SPI president and chief executive officer Dr. Bodo Goerlich explained the maintenance shutdown is to ensure the efficiency of the plant for the dry months.

“We are carrying out the necessary preventive steag/PAGE 11

HORSE PATROL. Members of the Davao Horse Club in Davao City attract the attention of residents and commuters as they pass the Davao-Cotabato highway in Digos City en route to their trail ride in the mountains of Davao del Sur on Saturday, 05 March 2016. MindaNews photo by Carolyn O. Arguillas

No political campaign on graduation rites: DepEd THE Department of E du c at i on ( D e p E d ) i n C a g ay a n d e O r o C i t y yesterday reiterated the ‘nocollection’ and ‘no-politicalcampaign’ policies in line with the forthcoming conduct of graduation rites and local

political campaign.

Assistant City Schools Division Superintendent Rey Manuel informed the school heads and parents of its strict implementation of the policies after they received complaints of

teachers allegedly collecting graduation fees.

Parents no longer need to pay for the graduation of their children because the government has already allotted a budget for the rites.

Deped/PAGE 11

Second Journalism Excellence Awards reels off today

By MARK FRANCISCO, Staff Writer

THE 2nd Journalism Excellence Awards reels off today at the Events Center,

Limketkai, Cagayan de Oro City.

Initiated by Mindanao

Daily News and BusinessWeek Mindanao and sponsored by the Veterans Bank, Ayala Corporation, Limketkai awards/PAGE 11

‘DANGGIT’. An elderly woman dries fish locally known as “danggit” at a coastal village of Cabanian, Guiuan, Eastern Samar. More than three years after Super Typhoon Yolanda wrought havoc in eastern Visayan region, communities are still hard up in trying to get back their livelihood. BWM Photo by JUN AYENSA

NGCP appraises grid operations, steps up contingency measures SYSTEM operator NGCP constantly finds ways to uphold the integrity of the grid. At the start of every year, NGCP assesses the efficiency of its operational processes and reviews its technical performance.

Through the Annual Grid Operations Mode Analysis

(AGOMA) C onference, NGCP polishes its operations by evaluating the impact of internal factors, such as new and ongoing transmission projects, and external factors, like the El Niño, higher power demand, and the national elections, on the grid’s ngcp/PAGE 11

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rebels, militiamen attend Academe, coal power plant ink Former mushroom production seminar partnership on research, devt DE LA Salle University (DLSU) and energy-firm STEAG State Power Inc. (SPI) are collaborating on Research and Development (R&D) aimed at scaling-up the use of power generation by - pro du c t s an d of fe r alternatives to the growing challenges in the country’s construction industry.

The R&D partnership will explore, among others, appropriate applications of coal combustion by-products to further optimize the environmental, economic and social benefits apart from its current use in the cement industry.

“It is our desire to look f ur t her into t he ot her

product applications apart from existing current use in the cement industry in order to bring further more social, environmental and economic benefits to our local communities” says SPI President and CEO Dr. Bodo Goerlich.

At present, the coalcombustion by product of

SPI’s 210 MW (net) coal-fired power plant in Villanueva, Misamis Oriental is mostly used up as raw material in the cement industr y.

As id e f rom t hat , SPI’s host municipality is also using them as replacement material in producing bricks and hollow-blocks through research/PAGE 11

Deserving International Studies juniors from Liceo de Cagayan University such as Kheem Jocelle Fritz Tahanlangit (right) are recognized by the institution during the 5th Diplomatic Soiree held last March 4 at Pearlmont Inn in Cagayan de Oro City. Congratulating her are (from left) Angie Collera, MIS, professor in consular and diplomatic practice; Reynaldo Sual, MIS, International Studies adviser; and event motivational speaker Primitivo Ragandang, director, Move this World local chapter. PHOTO BY MARK FRANCISCO

IMPASUGONG, Bukidnon -- More than 50 former NPA rebels of Bukidnon benefitted from Mushroom Production livelihood seminar on March 5, facilitated by 8th Infantry Battalion (8IB) of the Army’s 4th Infantry Division in coordination with the 4th Field Artillery Battalion of the Philippine Army.

The seminar, held at at 8IB Headquarters in Brgy.

Poblacion, Impasugong town, intends to give additional livelihood to former rebels who are working in the Pilot Organic Farm (Arm to Farm) Program of the 8th Infantry Battalion and Impasugong local government unit (LGU).

Likewise, 14 members of the Civilian Active Auxiliary (CAA) coming from the different detachments in Bukidnon also participated in the said seminar together with the troops of the 8th Infantry Battalion so that they may propagate mushroom cultivation techniques in the Indigenous People (IP) dominated communities in the province through the

Bayanihan Team Activities program.

Ltc Lennon G Babilonia INF (GSC) PA, commanding officer of the 8th Infantry Battalion said that while the NPA rebels are busy recruiting the Lumads and asking them to carry firearms and fight against the government on an ill motivated “armed revolution,” the soldiers of the 8th Infantry Battalion are also reaching out to these communities in an effort to arm and capacitate the people to fight against hunger and promote peace through its Bayanihan Teams and livelihood skills training.

“Incidentally, our Lumad brothers in Bukidnon dominate most of these areas and this explains why most of the members of their tribe are being deceived into joining the armed struggle of the NPA rebels,” Lt. Col. Babilonia said.

Relatively, conflicts such as those that are brought about by insurgency usually thrive in these areas due to seminar/PAGE 11

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Rey Valera: RP is now a godless nation LIFE’S INSPIRATIONS: “…

For the time will come when people will not put up with sound doctrine. Instead, to suit their own desires, they will gather around them a great number of teachers to say what their itching ears want to hear. They will turn their ears away from the truth and turn aside to myths…” (2 Timothy 4:3-4, the Holy Bible).

-ooo R EY VA L E R A’S “S A AKING PANAHON”: This was first written in 2013, and I am reivising it a little so it can be a fitting reminder for the elections in May 2016: “It’s a pity I didn’t become aware much earlier of a song entitled “Sa Aking Panahon”, which was composed and sung by Filipino balladist Rey Valera, a singer known for his romantic hits in the vernacular language.

“Had I become aware much earlier of the song w hich, in Valera’s own words, could not be played on radio because of its content, I could have reproduced its lyrics here in this column to serve as an additional reminder for voters this coming May09, 2016 elections.

“But, `Sa Aking Panahon’ is timeless. Indeed, Valera’s n o - h ol d s - b ar re d ly r i c s constitute a stinging rebuke

of our times and of our generation, giving lie to the government’s claims of economic take-off, and rebuking the godlessness of our officials in government and of our own people who have no god anymore but money, and who have descended to unfathomable depths of immorality and lack of hope in the country.

-ooo “THIS IS MY COUNTRY, THIS IS MY TIME”: “It is a song which uncannily echoes 2 Timothy 3:1-5 of the Holy Bible, which says: `But mark this: There will be terrible times in the last days. People will be lovers of themselves, lovers of money, boastful, proud, abusive, disobedient to their parents, ungrateful, unholy, without love, unforgiving, slanderous, without selfcontrol, brutal, not lovers of the good, treacherous, rash, conceited, lovers of pleasure rather than lovers of God---having a form of godliness but denying its power. Have nothing to do with such people.’

“For whatever it is worth, here is the song, loosely translated from Filipino to English: `My country is loved by nature, where the sun always shines. In my time, vegetables are dipped in formalin, where

kidnapping has become a source of income. Our morality has gone down so low so that we can now rape even children. “ `This is my country now, and this is my time. If you will remember us someday, this is my time. Pinatubo has become famous, and it drove the Americans away.

That notwithstanding, we still think of Americans and of G.I. Joes, and it is to America that we go after graduating from our studies.

This is because we know that our country has no hope.

-ooo “ I F O N LY T H E R E ARE MORE WHO TRULY BELIEVE GOD”: `We have heard of the word `unity’ before, but we do not know what to do with it, and what it really means. This is my country now, and this is my time. If you will remember us someday, this is our time. “ `In my time, it is an ordinary thing to be going to Saudi, and when we return home, we have goodies like TV, and blue seal (cigarettes) for the gang, yet, just after a few weeks here, we resort to selling things again (to make both ends meet once more). “ `We have enriched other nations even as we left our own families. Had there been more who truly

K akampi

Mo A ng Batas

Atty. Batas Mauricio believe in God among those in government, and money is no longer the god of many, there may yet be hope. This is my country now, this is my time. If you will reminisce about us, this is our time. If, hopefully, you (the youth) will remember us, this is our time’...”

-ooo PLEASE WATCH OR LISTEN: “Tambalang Batas at S om i nt a c”, a n e w s commentary radio program, aired at DZEC 1062 kHz and other R adyo Agila provincial stations, at http:// www.eaglebroadcasting.net/ radyoagila and at www. youtube.com (type DZEC Radyo Agila Tambalang Batas at Somintac 1062 Live), 6 to 7 in the morning, Philippine time. Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

Rekindle the Eucharistic amazement

Philippine Press Institute Oro Chamber

Make Work Work for You Think a minute…Have you heard many people say: “Oh, good! I’m going to work today!”? I sure haven’t. Usually what we say is, “I have to go to work today!” Why? Probably because many people do not enjoy their work. We feel it’s just something we’re forced to do. Our job is like a necessary evil that we must endure so we can feed and care for our family—which, of course, is very important.

No wonder studies show that most people do not do their best at their work or job. It’s also why many people throw away their hard-earned money on foolish gambling like lotteries. They think they have a chance to hit the big jackpot and never have to work again! Then they’ll be free to do nothing the rest of their life. But someone said, “The problem with doing nothing is that you never know when you’re finished!”

However, when it comes to our weekends, not many people say: “Too bad! I have to take the weekend off from work.” You see, it’s all in our attitude and the way we look at something.

So if we’ll approach our work with a positive attitude, being grateful that we even have a job to provide for our family, then we’ll start to appreciate and enjoy our job more. We’ll

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THINK

A Minute

Jhan Tiafau Hurst also take more pride in our work and do it better. Then we just might get a promotion or better job somewhere else!

As adults we must work like we did as children when our father was watching. Because our Maker IS watching us all day! He sees our attitude and how well we do our job. Since He gave us our life, health and abilities, He expects us to do our best at every small job we do no matter how unimportant we think it is. So if you’ve not had a good attitude about your work and not done your very best, you can ask Jesus to forgive you today. But He also wants to change you and help you start doing your best at everything you do. It’s then you can finally start fully enjoying all the blessings that God wants to give you.

Just Think a Minute…

That’s an expression St. John Paul II used in his 2003 encyclical, Ecclesia de Eucharistia (The Church draws her life from the Eucharist, 6). It was the purpose of that document to rekindle the Eucharistic amazement that seems to have dissipated in the midst of the many intoxicating worldly concerns, issues and other developments today.

A cursory look at how the Eucharist is celebrated in many places today can readily reveal that it has practically become banal and stale. In the first place, only old pious women seem to be regular at attending it.

Other than them, many of those who are there look as if they are merely complying with some religious duties or social expectations. In other words, the Eucharist h a s l o s t it s u n i v e r s a l , immediate appeal proper to it.

There are indications that its celebration seems to be propped up only by some sentimental hymns or by the oratorical skills or theatre gimmickry of the priest-presider. When asked about the reason for going to Mass, many people, especially the youth, give out those rationales.

It cannot be denied that many people today do not anymore know the meaning, importance and necessity of the liturg y of which the Eucharist is the most

sublime expression. For them, liturgy is just some reglementary ceremonials t hat simply have to b e complied with.

That it is Christ extending his offering himself to his father together with us is practically lost.

We need to revive the proper understanding of the liturgy, and especially of the Holy Mass, and to reach that ideal of feeling that Eucharistic amazement that St. John Paul II talked about.

In that encyclical, the saintly Pope practically described the very essence of liturgy in these words: “In this gift Jesus entrusted to his Church the perennial m a k i ng pre s e nt of t he paschal mystery. With it he brought about a mysterious ‘oneness in time’ between that (Paschal) Triduum and the passage of the centuries.”

(5) In other words, in the liturgy, especially in the Holy Mass, we are made contemporaries with Christ in his supreme sacrifice of love for us on the cross and in his resurrection. Not only that, we are also made sharers of that supreme sacrifice!

If we just bother a little to consider this wonderful truth of our faith more t houg ht f u l ly, we cou ld not help but be amazed at what we have in the Holy Eucharist! It is an

amazement that is a result of a faith and love of God, and not of merely worldly marvels and instances of human exhilaration.

It i s an am a z e m e nt that first of all is spiritual and supernatural before it becomes human, emotional, psychological or physical.

We need to fathom the spiritual and supernatural foundations of this marvel that is the Holy Eucharist in order to be truly amazed.

If there is real amazement and awe, we would long for the Eucharist, we would always think of it, we would regard it as the be-all and end-all of everything in our life. After all, the Eucharist is the sum and summary of all our faith, the source and summit of Christian life.

In it, we have the assurance that Christ is the Lord of human history, from our creation, to our fall, to our redemption, and to our future glorification.

We need not worry so much about how our life would end, irrespective of its twists and turns, as long as we unite ourselves with Christ in the Eucharist.

Even our human defeats and miseries can become eternal victories if borne with Christ. And all our ear thly successes, joys, pleasures, etc., can be and should be subordinated to this Eucharistic amazement.

They should lead us to it, not take us away from it.

HINTS

and

Traces

Fr. Roy Cimagala If we would just realize this truth of our faith more deeply, I wonder if there anything else that can give us more amazement. So, the challenge now is how to incarnate this truth of our faith in ourselves, which will demand of us a lot of faith.

To be sure, that faith is already given to us. It’s just a quest ion of how we are taking that faith.

Someone told me once that it should be easy because what is needed is the faith of children. But I told him that that is precisely what makes it difficult. Adults find it hard to have the faith of children.

But there’s always hope.

God never gives up, and he continues to give us all the help and support we need to reach the goal he wants us to reach, and that includes being amazed at his constant presence and offering in the Eucharist. roycimagala@gmail.com.

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B anking&Finance 6 PH’s foreign reserves reach $81.3B 2013 ppi’S Best in Business and Economic Reporting

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HE country’s gross international reserves (GIR) rose to US$ 81.3 billion in February this year from USD 80.7 billion in the previous month due to revaluation adjustments on the Bangko Sentral ng Pilipinas’ (BSP) foreign currenc y-denominate d reserves and gold holdings.

The government’s 2016 GIR target is $82.7 billion, higher than the end-2015’s $80.7 billion.

Data released by the cent ra l b an k Monday show these reser ves are enough to cover 10.4 months’ worth of imports of goods and payments of services and income and is equivalent to 5.7 times

the country’s short-term foreign liabilities based on original maturity.

“These were partially offset by the BSP’s foreign exchange operations and payments made by the NG for its maturing foreign exchange obligations,” the central bank said.

During the same period, the central

to $81.3 billion against the previous month’s level.

Other factors that contributed to this development include the

bank’s net international reserves (NIR), which is the difference between the GIR and total short-term debt, rose by $0.61 billion

PH’s major banks expected to meet new liquidity rules cover outflows over a 30-day stress period so that they can remain fluid even in the event of a funding crunch.

BSP Deputy Governor Nestor A. Espenilla, Jr. said on Tuesday that simulations conducted by the central bank on liquidity conditions showed that the “timing is right” to introduce the LCR standard, as the banking system stands awash with liquidity.

Fitch analysts echoed this view, saying that banks are well-positioned to adopt the new set of prudential measures. In particular, it said that internal estimates among Fitch’s rated banks showed most of the 10 biggest lenders are seen to meet the liquidity ratio “comfortably.”

“Ample domestic system liquidity, and banks’ balance sheets being mostly funded by deposits, are positive

PHILIPPINE BANKS can readily comply with the new liquidity requirement of the central bank, aimed at beefing up safeguards against financial stress, Fitch Ratings said in a recent report.

“Major universal and commercial banks in the Philippines should be wellpositioned to meet new Basel 3 liquidity rules,” the debt watcher said in a statement sent on Friday.

On Tuesday, the Bangko Sentral ng Pilipinas (BSP) announced a phased-in implement at ion of t he liquidity coverage ratio (LCR), which requires all universal and commercial banks operating in the Philippines to hold easily convertible assets to cover its total net cash outflows.

Big lenders must be able to keep high-quality liquid assets (HQLA) that would

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structural factors that will help banks comply with upcoming Liquidity Coverage Ratio requirements,” Fitch said. “Nonetheless, those with relatively large pools of corporate deposits will have a greater reason to pursue retail deposits more aggressively, and long-term debt issuance may rise.”

In December, the debt watcher upgraded its outlook on the Philippine banking industry to “positive” from “stable,” citing the generally healthy profile of local lenders, sound operating e nv i r o n m e nt , a n d t h e country’s strong economic fundamentals despite headwinds ahead.

The Philippine banking system has a “healthy” system liquidity, Fitch added, with a 70.7% loan-to-deposit ratio and a 53.5% liquid assets-torules/PAGE 11

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Holcim to invest P2B to boost capacity

HOLCIM PHILIPPINES, Inc. has committed to spend P2 billion this year to expand its cement capacity amid strong demand that sent its net profit to record levels in 2015.

In a briefing on Wednesday, Holcim Philippines President and Country Chief Executive Officer Eduardo A. Sahagun said the investment will finance efforts to increase annual capacity to 10 million metric tons by the end of the year from 8 million.

The local unit of Swiss cement group Holcim Ltd. spent roughly P2 billion in 2015.

“Demand is increasing so a response to that is you increase capacity,” Mr. Sahagun said, adding that Holcim Philippines’ plan to develop a $450-million brownfield plant in Norzagaray, Bulacan remains under review by its principals.

The cement manufacturer is coming off a banner year in 2015, as total net income rose 58.4% year on year to P8.1 billion, boosted by a one-time gain of P2.6 billion from the revaluation

CorporateWorld BMW sees lower sales this year

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of its investment in an affiliate.

After considering oneoff costs amounting to P677 million, recurring profit rose 7% to P5.5 billion, anchored on higher sales, effective cost management initiatives and improved manufacturing and distribution, Mr. Sahagun said.

Revenues rose 14.9% to P37.5 billion from a year ago on higher sales revenues, driven by the public sector’s heavy spending in the second half.

Holcim Philippines sold 205 million bags of cement last year, 11% higher from the 185 million bags sold last year. Of the total bags sold, seven million bags were sourced overseas.

“The local cement market has greatly changed due to the sustained investments of the public and private sectors in the past years. Serving the market required us to act differently and we did just that by pushing our plants to new limits and strengthening our logistics operations,” Mr. Sahagun said.

ASIAN Carmakers Corp., official distributor of premium luxury vehicle brand BMW in the Philippines, expects lower sales growth of less than half of its record 38.5 percent growth in 2015, which was driven by pre-sold units used for the APEC delegates.

Maricar Parco, ACC president, told business reporters at the launch of the all-new BMW 7 series, they would be happy with a 15 percent growth this year which is consistent with the industry’s growth forecast.

“We finished 2015 with a milestone as we finally reached the 1,000 mark to give us 38 percent growth, but we will be happy with a 15 percent growth in 2016,” Parco said. The luxury car segment goes by the price definition of P2 million and above per unit.

Parco explained that the 2015 record growth was largely

fueled by sales of more than 300 units of mostly BMW 5 Series, which were used as shuttle cars for the APEC officials meetings last year.

The APEC vehicles were presold to customers, who agreed to buy the slightly used vehicles, mileage of 1,000 kilometers and at 15 percent depreciated price. The units were delivered to the owners 10 days after they were used by APEC. There were at least 20 to 30 BMW units deployed in each of the various APEC meetings in different parts of the country.

ACC also rented to the government 10 BMW security vehicles for the heads of state meetings but which were reexported to Germany already.

All in all, the APEC vehicles accounted for a third of ACC’s 1,000 unit sales in 2015.

For this year, Parco said, sales will be driven by the introduction of volume model

X1 series in April and 3 Series LCI, a refreshed BMW 3 Series.

The BMW 7 Series, which have 2 variants the 750 and 740 command a price of P12.49 million and P8.49 million, respectively. With such price levels, these models cannot become volume driver but could secure them continued dominance in the premium luxury segment.

The 7 Series 750 variant is BMW’s priciest model available in the local market.

It is equipped with state of the art technology, including hand gestures and choices of themed sunroofs. There are a total of13 BMW models available locally.

Parco also said there are very few BMW models called BMW individual which are customized for specific customers. These are mostly armored vehicles, which are fitted with security, topnotch technology, special effects like seats and upholstery

in Germany, but would take 5 months to deliver.

“You’ll be surprised,” Parco said on the growing market for its premium cars. She said that even during crisis times when the overall car sales declined, the luxury cars continued to post high growth. This indicates of a stable consumer base, she said.

Parco also noted that the premium and luxury car market has already recovered from a slump three years ago where the segment sales declined by 6 percent. The slump before 2013 was largely caused by the stigma from the Bureau of Internal Revenue on buyers of luxury items.

From sales of 2,000 units, sales already recovered to 3,000 units with BMW cornering 30 percent market share. All premium brands also posted strong growth except for one brand.

Earth Hour Night Ride 2016

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their concern about climate change, reducing carbon footprint, aiming for cleaner air, and as a result, this event became nationwide.

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This coming March 19, 8PM at CENTRIO, the Earth Hour Night Ride is all about getting the crowd to shine a light on climate action and help change climate change.

This event is a result from the unified desire and commitment for climate adaptation and improvement.

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The Night Stalker:

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2014 ppi’S Best in ENVIRONMENTAL Reporting

Duaw Kagay-an Park relaunch honors late Kagay-anon Int’l Founder T

he l ate found er of Kagay-anon International was honored during the relaunch of the Duaw Kagay-an Park held last Saturday, 27 February 2016.

Roy Chaloner Gaane, who passed away in California last January 14, 2016 at the age of 74, was an esteemed member of the Cagayan de Oro Tourism Council (CTC) as Chairman of its Overseas Committee in 2014.

“Through his outstanding leadership, he was able to galvanize the support of fellow Kagay-anons in North America in the establishment of the Duaw Park, as well as in spearheading other tourism-related activities involving his native city,” said Dorothy Jean B. Pabayo, CTC chair. “His love and untiring efforts for the betterment of Cagayan de Oro City, even from afar, had been a lifelong commitment. This is his legacy. And for this, he will be dearly missed.”

Over a hundred balikbayans led by Gaane’s wife Gerlou Docdocil-Gaane and his daughter Anjanette, braved a drizzle to attend the relaunch of Duaw Kagay-an Park.

City Mayor Oscar S. Moreno, Ms. Pabayo and the Gaane family unveiled a new marker recognizing the movers and donors who were responsible for the restoration of Duaw Kagay-an Park.

Earlier Saturday morning, a replica of the Birhen sa

Roy C. Gaane also organized Tapok & Duaw Kagay-an Kota sa Cagayan de Oro (Our Blessed Lady of the Holy Rosary) was blessed

by Msgr. Florencio Salvador, SSJV with the assistance of Fr. Jose Daniel D. Coronel, SSJV, a member of the newly reconstituted Cagayan de Oro City Historical and Cultural Commission and over a hundred devotees of the “Sabadohan”, a weekly devotion dedicated to the Birhen sa Kota.

The icon sculpted by Errol Balcos is located within Duaw Kagay-an Park at the approximate place where an apparition of the Virgin of the Holy Rosary originally appeared to save the early settlement from an attacking force of slave raiders.

History of Duaw Kagayan Park Duaw Park was established in 1987 when 120 Kagayanons from the U.S. and Canada made a historic journey home to Cagayan de Oro in August 1987 after years of self-exile to escape martial law.

Then Mayor Pablo P. “Ambing” Magtajas proposed that the side of the old tennis court by the river bank across the City Hall be created as the DUAW KAGA-AN PARK. Gaane had the honor of cutting the ribbon for the opening ceremony and with a year, walkways were paved and the park was turned into a beautiful garden with benches.

H o w e v e r, t h e p a r k deteriorated through the

years and the Duaw park monument washed away by the rampaging floodwaters of Tropical Storm Sendong in December, 2011.

T h e p a r k re m a i n e d unattended following the S endong dis aster until Mayor Moreno was sworn into office last June, 2013 and Ms. Pabayo worked with Mr. Gaane to muster assistance from overseas Kagay-anons through Kagayanon International, raising US$9,300 and some corporate sponsorships to restore it.

Kagay-anon International , Tapok & Duaw Kagayan The City Government honored Gaane with a plaque of recognition for his untiring efforts to continue assisting his beloved city even from afar.

His daughter Anjanette related how her late father worked tirelessly to promote and assist his beloved city, initially through the Mindanao Alliance Association, the Ateneo Alumni Association, and later through his baby, Kagay-anon International, which started as a simple newsletter to update overseas Kagay-anons about current events in the city, and of their activities and milestones abroad.

“In 1982 he started TAPOK with the help of Chicago Kagay-anons, and these gatherings have continued with the 15th TAPOK in Vancouver (Canada) last year and the upcoming one

Ribbon cutting at Duaw Kagay-an Park Feb. 27, 2016 (L-R) CTC Chair Dottie Pabayo, Hisccom Chair Linda Burton, DOT-X RD Butch Chan, Mayor Oscar Moreno, Gerlou Gaane. Kagayanon-Int’l @ Tom Udasco.

in San Francisco in 2017,” she related.

Parallel with TAPOK but still under the auspices of Kagayanon International, Roy also organized DUAW sa KAGAY-AN wherein overseas Kagay-anons, especially those staying in North America, visit the Cagayan de Oro. This has since been observed every two years, alternating with the TAPOK in the U.S. or

Canada, where Kagay-anons gather to celebrate their city and origins.

Due to his charismatic personality, vision, tenacity and hard work, Roy has forged an incomparable camaraderie and fellowship among Kagay-anons here and abroad. No wonder one of his cyber friends called him “The Mayor of Cagayan de Oro in America.”

As Anjanette so aptly puts it, “I have heard Kagayanons say many times how Roy epitomized Cagayan de Oro as the City of Golden Friendship because of his heart of gold. People were drawn to him because of his kindness, generosity and ability to make people feel important, at ease and to move a group to work together for a common goal.”

BusinessWeek MINDANAO

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Steag... from page 1

maintenance activities ahead of the summer season to ensure optimum availability of our capacity especially during the critical summer months when demand is at its peak while supply is historically at its low,” he said.

Mind anao is hugely dependent on hydroelectric power plants, but its reservoirs currently have low water levels.

The power firm also completed the preventive maintenance activities for the first 105-MW unit last February 6-7.

The comp any note d earlier that it conducts longer maintenance shutdowns in the third quarter of the year, when the power supply is more stable.

It h a s an av e r a g e unplanned outage rate of 2.5 percent, which is lower than the allowed rate of 6.6 percent.

The power plant provided more than 12 billion kWh to the Mindanao grid, with an availability rating of 90 percent.

SPI operates the Mindanao coal fired power plant, which is located at the PHIVIDEC Industrial Estate in Villanueva, Misamis Oriental.

SPI is owned by German power generator STEAG G mb H , Ab oit i z Pow e r and La Filipina Uygongco Corporation. (PNA)

DepEd... from page 1

In a d d it i on , D e p E d Secretary Armin Luistro has reminded schools to make their graduation rites simple and economical.

Manuel also reminded the local candidates of the city that they will not allow any form of political campaigns du r i ng t he g r a du at i on ceremonies in public schools to “respect the neutrality of the department.”

He said that candidates who have graduating children are free to attend the graduation rites, but they would not be allowed to campaign or do antics to draw crowd during the ceremony.

Manuel admitted that the policies only apply to public schools. Meanwhile, private schools are enjoined to comply with the order.

However, he said, the private school officials should report the incident to DepEd in order to avoid an “unfair exposure to the students, and for candidates to have a fair playing field.”

The local campaign period will start on March 25 while the graduation ceremonies are set from March 28-April 1. (PNA)

media writers of Northern Mindanao.

Now on its second year, the search is for four categories, namely: high school, college, corporate PR writers and government info writers. The contestants will vie for the following: feature writing, news writing, sports writing, and photojournalism.

T he s e arch ai ms to recognize the potentials of writers who are not mainstream media practitioners and thereby encouraging them to use their skills as instrument f or d e v e l opm e nt , s a i d Dante Sudaria, president/ publisher of BWM Group of Publications which owns Mindanao Daily News and BusinessWeek Mindanao.

“We have undertaken the challenge to do our own corporate social responsibility, thus this project which we offer with the help of institutions and establishments for building better communities and the betterment of Mindanao,” Mr. Sudaria said.

For his part, project executive director Allan Mediante said that the event may be one small step for non-mainstream journalists but this may lead to a giant leap in building a better nation through responsible journalism.

The finalists are: News Writing College: 1. Lancer M. Asino - Liceo de Cagayan University 2. Mark Ezra C. Burlat - Xavier University 3. Jade Alfie Sale - Xavier University 4. Angelyn Oceña Oronan - Pilgrim Christian College 5. Joscel Myka D. Fortum - Father Saturnino Urios University High School 1. Therese Marie Villaroya - Cagayan de Oro National High School 2. Sherielyn G. Louisares - Puntod National High School 3. Sarah C. Cantago - Macabalan National High School 4. Ysabella B. Navales - Kauswagan National High School 5. Sarima M. Abdulmajid - CDONHS 6. James Martin Ambat - Kong Hua School

Awards...

Feature Writing College: 1.Timothy Justin B. Emata - Xavier University 2. Jebsen D. Patlunag - COC - PHINMA 3. Brian Adam S. Anay - Xavier University 4.Needheart Ranken A. Obeñita - COC - PHINMA 5. Armando Sagragao - Father Saturnino Urios University

C e n t e r a n d Ya h s h u a Outsourcing Worldwide, Inc., the Mindanao Journalism Excellence Awards is a search for the best non-mainstream

High School 1. Kaitlyn Cheyanne Tan - Kong Hua School 2. Sittie Ashiah B. Dicritan - Macabalan National High

from page 1

School 3. Anne D. Alvarez - Puntod National High School 4. Maria Ligaya Cabarubias - Puntod National High School 5. Alyssa Mariel C. Tagaan - Puntod National High School Sports Writing College: 1. Noelle Kristie M. Estaña - Pilgrim Christian College 2. Rennie Boy M. Quilab - COC - PHINMA 3. Jose Angelo Lorenzo S. Gamos - Xavier University 4. Jun Geiane Clyde Alih - COC - PHINMA 5. Shirnie Joy B. Lagno - Pilgrim Christian College High School 1. Chane P. Silva - CDONHS 2. Trisha Ann Badana - Macabalan NHS 3. Mohammad Amar M. Bacaraman - Macabalan NHS 4. Benjie Flores - Puntod National High School 5. Rucel Y. Nocere - Macabalan NHS Science Reporting College: 1. Rezza Mae B. Tolinero - Xavier University 2. Christine Anne Grace Carbonilla - Pilgrim Christian College 3. Jane A. Jabiniar Pilgrim Christian College 4. Kimberly Mae V. Llano Xavier University 5. Ju Nice V. Marban COC - PHINMA High School 1. Cedric Val U. Beja - Cagayan de Oro Natl High School 2. Renz Andrew C. Orpina - Macabalan National High School 3. Edwin A. Enajao Jr. - Puntod National High School 4. John Lloyd E. Jayoma - Puntod National 5. Avegyl L. Kinilog - CDONHS Photo Journalism College: 1. Jay Mark T. Crisostomo - COC – PHINMA 2. Jayronne M. Alota - Liceo de Cagayan University 3. Lucky E. Dela Rosa - Liceo de Cagayan University 4. Zykem L. Serenuela - Liceo de Cagayan University 5. Von Gerald Bagares COC - PHINMA High School 1. Karl John O. Wong - Cagayan de Oro Nat’l High School 2. Frency Pauline V. Bacabis - Cagayan de Oro Nat’l High School 3. Andrea Marie L. Tan - CDONHS 4. Jinky Louis B. Calapiz - CDONHS 5. Alexandra Nicole M. Devibar - CDONHS The 2nd Mindanao

Journalism Excellence Awards is supported by by Steag State Power, Inc., BDO, N Hotel, Cepalco, Philippine Press Institute, MASS-SPECC Cooperative Development Center, Department of Science and Technology, PhilHealth, He r b a l i fe, C ag ay an d e Oro City Water District, Moresco-1, Thai Me Up, Minergy, Safety Association of the Philippines, Inc. R-10,.

River View Inn, Pirates, ResToeRun and Columbia.

Media partners are Mindanao Star, The Cagayan Times, Clix, Mellow Touch, RPN, Wild Zee, Radio Ultra, Magnum 99.9 FM, DXIF and Parasat.

NGCP... from page 1

performance.

N G C P, t h rou g h t h e AG OM A , a l s o e ns u re s contingency preparedness for the Luzon, Visayas, and Mindanao grids through various workshops and discussions on addressing crucial issues such as low voltage or supply deficiency.

“NGCP emphasizes the importance of stable power even more this year.

This internal coordination greatly impacts the grid’s performance and ensures that we are prepared in terms of power dispatching and improving grid security,” said NGCP. “Each grid has its own nuances, which is further highlighted by the unique challenges each grid encounters. Our goal is to keep the grid intact and secure despite all these challenges,” stated NGCP. NGCP is a privately owned corporation in charge of operating, maintaining, and developing the country’s power grid. It transmits highvoltage electricity through “power superhighways” that include the interconnected system of transmission lines, towers, substations, and related assets. The consortium, which holds the 25-year concession contract to operate the country’s power transmission network, is comprised of Monte Oro Grid Resources Corp. led by Henry Sy, Jr., Calaca High Power Corporation led by Robert Coyiuto, Jr., and the State Grid Corporation of China (SGCC) as technical partner.

Research... from page 2

the local government unit (LGU)-initiated Villanueva Fire Bricks Making Project.

“I believe that the reuse of this by-pro duc t has significantly reduced energy costs associated with mining virgin materials from the earth and thereby cut back on greenhouse gas emissions” Dr. Goerlich said.

He added that using this by product to replace conve nt iona l mate r i a ls not only conserves natural resources, but also improves the strength, durability and quality of construction materials.

For h is p ar t , DL SU President Br. Raymundo B. Suplido cited the R&D partnership as a significant milestone in the university’s t h r ust of helpi ng f i nd opportunities to develop innovative solutions for technological and industrial challenges in support of the country’s development goals.

(SPI)

Seminar... from page 2

the conditions that fuel unrest among the people.

Me anw h i l e , h e s ai d mu s h ro om pro du c t i on is gaining popularity in the country and is widely accepted vegetable; hence, this livelihood may give sustenance to communities and to the CAA detachments in the different areas in Bukidnon.

With its very efficient farming demands, it offers a great opportunity to boost the food production in areas that are stricken with hunger and poverty.

In his message, Lt. Col. B abi l on i a i nspi re d t he participants and challenged them to take advantage of the livelihood opportunities that the mushroom production provides especially in sowing seeds of peace in the conflictaffected communities.

“As soldiers, we have a sacred duty of protecting the rights of our people, especially that of our Lumad brothers here in Bukidnon. As such, it is only imperative for us to find ways, other than war, to help our people win the peace.

This time, we help protect the people’s right to have food on their table and their right not to be placed in a situation where they will have to fight for food and carry firearms while promoting the very violence that the armed struggle have stricken the Filipino community for almost half a century now. We start this journey with you, our former rebel brothers, together with our CAAs and our troops. We need to encourage communitybased initiatives defined by the local communities, w it h lo c a l gover nment units coordinating efforts against insurgency, geared towards presenting longterm solutions while at the same time addressing the immediate needs of the community,” he said.

(Norman M. Tagros, 8IB, 4ID, PA)

Rules... from page 6

deposits ratio, alongside a good amount of high-quality assets.

“Banks’ surplus funds

11

2014 ppi’S Best in ENVIRONMENTAL Reporting

are often invested in peso or US dollar-denominated Philippine government bonds, which would typically qualify as high-quality liquid assets under the LCR framework -- for US dollar bonds as long as they back US dollar liabilities,” the statement read.

DISCIPLINE The LCR follows other prudential measures earlier put in place by the central b an k s i n c e it a d opte d the international Basel 3 regime. The BSP appointed an “observation period” for the new liquidity rule from July this year until end-2017, where lenders will be required to start reporting their LCRs to the central bank.

By Jan. 1, 2018, banks must hit a HQLA coverage of 90% of total net cash outflows, and eventually reach 100%

by Jan. 1, 2019.

Fitch analysts said the new liquidity ratio will “enforce an added layer of balance-sheet discipline on the Philippine universal and commercial banks,” and will likely push lenders to further raise retail deposits by expanding branch networks and increasing the number of automated teller machines to broaden their consumer base.

“Banks with strong retail deposit franchises will enjoy an advantage in meeting the LCR hurdle, as such balances are usually more stable in times of stress. This is likely to place further pressure on operating costs and weigh on profitability in the medium term -- although profit growth should remain robust overall amid broadly-resilient economic conditions,” Fitch said, adding that lenders may also opt to issue more longterm debt to increase their LCR buffers.

An additional liquidity measure called the net stable funding ratio (NSFR) is also in the works, the BSP said on Tuesday, with the exposure draft eyed to be released “within the year.” It will stand to assess the liquidity requirements of banks over a longer period of one year.

The central bank formally adopted the international Basel 3 regime on Jan. 1, 2014 starting with capital requirements. This pressed big banks to maintain a total capital adequacy ratio (CAR) of 10%, a minimum Tier 1 ratio of 7.5% and a minimum common equity Tier 1 ratio of 6% plus a capital conservation buffer of 2.5%.

Apart from the CAR and LCR, the BSP earlier adopted the framework for domestic systemic a l ly imp or t ant banks and leverage ratio requirements. Both reform components are “under a transitory period” and are seen to go live by 2017.

12

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FINALS&&AWARDING AWARDING-March -MARCH 2016 FINALS 8, 8, 2016 Limketkai Center, Activity Center,(2nd 2nd floor) floor LIM KET KAI EVENTS CENTER Cagayan de Oro City - Cagayan de Oro City FINALS - 9:00 a.m. Judging - 1:00 pm

AWARDING - 3 pm

COLLEGE

HIGH SCHOOL

FINAL LIST OF BROUGHT TO FINALISTS: YOU BY:

News Writing News Writing 1. Lancer M. Asino 1. Therese Marie Villaroya - Liceo de Cagayan University - Cagayan de Oro National High School 2. Mark Ezra C. Burlat 2. Sherielyn G. Louisares - Xavier University - Puntod National High School 3. Jade Alfie Sale 3. Sarah C. Cantago - Xavier University - Macabalan National High School 4. Angelyn Oceña Oronan 4. Ysabella B. Navales - Pilgrim Christian College - Kauswagan National High School 5. Joscel Myka D. Fortum 5. Sarima M. Abdulmajid - Father Saturnino Urios University - CDONHS 6. James Martin Ambat - Kong Hua School

Feature Writing Feature Writing 1.Timothy Justin B. Emata 1. Kaitlyn Cheyanne Tan Media - Xavier University - Kong Hua School 2. Jebsen D. Patlunag 2. Sittie Ashiah B. Dicritan - COC - PHINMA - Macabalan National High School 3. Brian Adam S. Anay 3. Anne D. Alvarez - Xavier University - Puntod National High School 4.Needheart Ranken A. Obeñita 4. Maria Ligaya Cabarubias - COC - PHINMA - Puntod National High School 5. Armando Sagragao 5. Alyssa Mariel C. Tagaan - Father Saturnino Urios University - Puntod National High School SAFETY ASSOCIATION OF THE PHILIPPINES INC. R-10

COLLEGE HIGH SCHOOL Sports Writing Sports Writing 1. Noelle Kristie M. Estaña 1. Chane P. Silva - Pilgrim Christian College - CDONHS

2. Rennie Boy M. Quilab - COC - PHINMA 3. Jose Angelo Lorenzo S. Gamos - Xavier University 4. Jun Geiane Clyde Alih - COC - PHINMA 5. Shirnie Joy B. Lagno - Pilgrim Christian College

2. Trisha Ann Badana - Macabalan NHS 3. Mohammad Amar M. Bacaraman - Macabalan NHS 4. Benjie Flores - Puntod National High School 5. Rucel Y. Nocere - Macabalan NHS

Science Reporting Science Reporting 1. Rezza Mae B. Tolinero 1. Cedric Val U. Beja - Xavier University - Cagayan de Oro Natl High School 2. Christine Anne Grace Carbonilla 2. Renz Andrew C. Orpina - Pilgrim Christian College - Macabalan National High School 3. Jane A. Jabiniar 3. Edwin A. Enajao Jr. - Pilgrim Christian College - Puntod National High School 4. Kimberly Mae V. Llano 4. John Lloyd E. Jayoma - Xavier University - Puntod National Partner: 5. Ju Nice V. Marban 5. Avegyl L. Kinilog - COC - PHINMA - CDONHS

Photo Journalism Photo Journalism 1. Jay Mark T. Crisostomo 1. Karl John O. Wong - COC – PHINMA - Cagayan de Oro Natil High School 2. Jayronne M. Alota 2. Frency Pauline V. Bacabis FINALS & AWARDING 8, 2016 - Liceo de Cagayan University - Cagayan -March de Oro Nati’l High School Limketkai Center, Activity Center, 2nd floor Cagayan de Oro 3. Lucky E. Dela Rosa 3. Andrea MarieCity L. Tan, - Liceo de Cagayan University - CDONHS 4. Zykem L. Serenuela 4. Jinky Louis B. Calapiz - Liceo de Cagayan University - CDONHS 5. Von Gerald Bagares 5. Alexandra Nicole M. Devibar - COC - PHINMA - CDONHS

BROUGHT TO YOU BY:

SAFETY ASSOCIATION OF THE PHILIPPINES INC. R-10

Media Partner: