Skip to main content

BusinessWeek Mindanao (May 14, 2014)

Page 1

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

Volume IV, No. 101

Market Indicators

As of 6:10 pm may 13, 2014 (Tuesday)

FOREX

PHISIX

US$1 = P43.81

6,852.81 points

10 cents

X

41.47 points

X

Briefly Rate hike review THE involvement of the city government in the application of the Cagayan de Oro Electric Power and Light Company (Cepalco) for rate adjustment is being sought by the 17th City Council headed by Vice Mayor Caesar Ian E. Acenas. Through Resolution No. 11685-2014, the City Council on Monday created an adhoc committee that will study and review the applications and petitions of the local power firm with the Energy Regulatory Commission (ERC). This is an offshoot of the special report of Councilor President D. Elipe regarding an increase in power rates in Cepalco’s franchise area. The councilor said the city should come up with its official stand on the matter as Kagay-anons will be most affected when the petition is approved by the ERC.

www.businessweekmindanao.com

P15.00

Power coops say IMEM to cause higher rates A

By FROILAN GALLARDO, MindaNews

SCENARIO of electricity rates as high as P32 per kilowatt hour looms with the government planning to implement the Interim Mindanao Electric Market (IMEM) system in the island, a group of electric cooperatives warned on Monday.

Adrian Ebcas of the Northern Mindanao Electric Cooperatives Association (NORMECO) said this will be among the bases for their objections [to the IMEM] that they will raise to Energy Secretary Carlos Jericho Petilla who will meet them in Manila on Wednesday. Ebcas said the scenario of electricity rates costing P32 per kilowatt hour will wipe out poor families and small businesses in Mindanao. He said a small house with one or two bulbs using 30 kilowatts (kW) in a month will find itself billed at least

P900 a month. “We are not opposing IMEM but we are objecting the provisions that will lead to high electricity rates. We are duty-bound to protect ou r consu me rs ,” Eb c as , who is also the general manager of Camiguin Electric Cooperative, said. He s aid maj or it y of the consumers of electric cooperatives are small houses using 30 kW a month and small business using less than 100 kW. “This will wipe them out. The P32 per kilowatt hour of IMEM/PAGE 11 NEW HYDRO PLANTS. Hedcor’s two hydro power plants with a combined capacity of 13.6-megawatts were recently launched boosting Davao’s power supply.

Solar panel DAVAO City -- The Davao City Investment Promotion Center (DCIPC) is considering a solar panel manufacturing as a priority investment in wake of the worsening power problem in the city. DCIPC chief Ivan Chin Cortez said DCIPC is planning to sell the idea of solar panel manufacturing to a Chinese businessman soon. He however, opted not to identify the Chinese businessman in order not to preempt the negotiation. Cortez said the solar panels are installed on roofs to produce power. He said DCIPC is currently discussing the matter with some partner agencies.

Wednesday | May 14, 2014

Biz group to power firms: Mindanao power Follow outage schedules crisis a supply problem: solon By MINDANEWS

BROOMS AND VROOM: A motorcycle fully loaded with soft brooms made of Tahiti (Tiger grass) negotiates the dirt road of Barangay Tagbak, Magpet, North Cotabato on Friday, May 9. Soft broom making is a source of income for people in remote areas of Msagpet. mindanews photo by keith bacongco

DAVAO City — Power utilities should stick to their posted schedules of power interruptions to prevent further losses on the part of employers, the Philippine Exporters Confederation (PhilExport) said. In an interview Monday at ”Kapehan sa Dabaw” at SM City Davao Annex, PhilExport president Ferdinand Maranon said their members have complained that the power interruptions have not been followed. These have resulted in higher production costs as their workers have been asked to report at a certain time but do not get to work, he said.

Maranon said that his frozen banana export business itself is directly affected by the rotating brownouts, as the microwavable products require refrigeration along the production process. His clients come from as far as the United States, Australia and Canada. So far, he said there have not yet been reports of clients backing out from export products that have been delayed because of power interruptions. “I hope they stick to a regular schedule, even if it takes eight hours. The businesses are being affected,” power/PAGE 11

R E P. E d g a r d o R a m a Masongsong of the 1st Consumers Alliance for Rural Energy, Inc. (1-CARE) Party-List expressed his disappointment over the blame game directed to Electric Cooperatives (ECs) for the worsening power shortage in Mindanao. In an ambush interview in Bohol, President Benigno Aquino III blamed the ECs in Mindanao for being too slow in availing of the modular gensets, which was launched in July of last year, making them a scapegoat for the lack of power source since the power crisis started to Crisis/PAGE 11

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776


BusinessWeek MINDANAO

2

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

wednesday|may 14, 2014

Economy

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

Malaybalay City holds jobs fair for local, overseas employment By VENUS LALAINE B. ABILLO Contributor

MALAYBALAY City – The city government and the Department of Labor and Employment here, through the Public Employment S er vice Of f ice (PESO), are w rapping up to d ay t he t wo-d ay mega Jobs Fair held the City Covered Court in celebration of the annual fiesta of San Isidro Labrador Parish.

Allan S. Ronolo, Public Employment Ser vice Office manager, said the applicants are being served from 9:00 a.m. to 5:00 p.m by more than 20 local and international participating companies. The private companies were joined by government agencies that provide frontline services to job

applicants. These agencies include National Bureau of Invest igat ion (NBI), National Statistics Office (NSO), and Professional Regulation Commission (PRC). “We invited the relevant government agencies so that applicants will be able to secure their requirements on the spot. Thus, a job applicant who needs an NBI clearance no longer needs to go to NBI center,

hence, he or she could have it at the jobs fair,” Ronolo said. Interested applicants must bring their biodata or resume, diploma, transcript of records, ID pictures and all other documents needed in job applications. For details and information, please contact the city Public Employment Service Office at telephone number (088) 221-3021 and (088) 221-4266.

DA joins climate resilient agriculture conference SEEKING to bring about social reform in the Philippine society as a whole, the Department of Agriculture – Regional Field Office 10 (DA-10) recently joined a policy event entitled: “A Special Conference on

Linking Climate Resilient Agriculture (CRA) and Int e g r at e d E c o s y s t e m s Management/Integrated River Basin Management (IRBM): Putting the Poor at the Center of Development.” T h e t w o - d ay a f f a i r

primarily aimed to draw out experiences and tackle pressing issues on t he implementation of CRAIEM/IRBM, where the poor is brought to the forefront in order for them to maximize the benefits coming from development programs. As t he audience, in general, has clamored for the provision of assistance to develop the agriculture sector in their respective areas through a presentation on the situation and challenges in agriculture, agrarian reform, environment, local governance and poverty, DA-10 Regional Technical Director for Operations Engr.

Roxana H. Hojas explained that the department will carr y on in supporting them, provided also that the various local government units (LGUs) will do their fair share in empowering themselves through their continued participation with the programs of the agency. However, she emphasized that there will be no subsidies for fertilizers and seeds, this time around, as the DA has already diverted their focus to production support facilities and post-harvest facilities assistance. Fu r t he r, Hojas underscored the need for DA/PAGE 11

0917-7154399 088-856-8562/63

www.dahilayanforestpark.com

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


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

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

wednesday|may 14, 2014

3


BusinessWeek MINDANAO

4

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

wednesday|may 14, 2014

CorporateWorld

RESORTS, HOTEL & RESTAURANTS DIRECTORIES

Algen’s Dive Resort (088) 3872015

Philtown Hotel 726295 / 8564402 Fax: 723104

Apple Tree Resort & Hotel 735411 / 754525 Fax: 754497

Pryce Plaza Hotel 8583131 Fax: 726687

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

Prawn House (088) 3095992 Fax: 8519219

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

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

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

The VIP Hotel 726080 / 8562505 Fax: 726441

Chananthon Bed & Breakfast 8568189 / 3093095

Uptown Condotel 8511800

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

Tune Hotel 8800888/8801306 Travelers Pod 8518988

Villa Paraiso Apartelle 3870419 Fax: 3870429 HONORARY MEMBERS: Dept. of Tourism 723696/726394 / 8564048 Fax: 723696 RESTAURANTS: Bigby’s Café 72-1071/857-5511/8575836 Fax: 711843 Café Laguna 8582999 Fax: 8567001 DM Villaruy Restaurant 733790 Golden Ajirang I 856-5271 Fax: 727876

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

PAL flies Boeing 777 to US THE country’s flag-carrier Philippine Airlines (PAL) has begun flying its newer Boeing 777-330ER to the United States, while selling the 747400 jets it retired following an air safety ratings upgrade by the US. PAL’s Boeing 777 bound for Los Angeles took off for the first time on May 3, the airline said in a statement released during a ceremony held Sunday at the Villamor Airbase in Pasay City. The new aircraft will meanwhile start servicing the Manila-San Francisco route in early June, the airline said. PAL currently flies 26 flights a week to San Francisco, Los Angeles, Honolulu and Guam. PA L Hol d i ng s , Inc . President and Chief Executive Officer Ramon S. Ang said he is eyeing flights to New York City sometime in October,

as well as to other US states including Chicago and Florida through Japan or Korea. “Right now, we have six units of 777-300ER,” Mr. Ang told reporters on the sidelines of the ceremony.

PAL had been using the Boeing 777 for its flights to Australia, Canada and the United Kingdom. The airline wants to boost its fleet to 100 jets, including the six Boeing 777, according to Mr. Ang.

Mr. Ang said the old jets were sold to a large foreign company, but declined to disclose the amount, citing confidentiality provisions. He added that the signing should take place in a month.

Ayala Land ties up with Bloomberg Emperador buys Scottish whisky maker AYALA Land Inc (ALI) is set to gain a foothold in the Entertainment City project when it leases the retail space to be opened in the expansion area of Solaire Resort & Casino. In a disclosure to the Philippine Stock Exchange, the property giant said it has signed the terms of reference with Sureste Properties Inc, a wholly owned subsidiary of Bloomberry Resort Corp. Under the deal, ALI will become the leasing and market agent of the retail space with a gross leasable area of more than 5,000 square meters. The retail component will have premium brands t hat w i l l c ompl e te t he

offering of Solaire. The property arm of the Ayala group had said it was not keen of entering the gaming business even as other real estate companies have jumped into big-ticket projects in the gaming hub organize d by st ate-r un Philippine Amusement and Gaming Corp. Former ALI president Antonino Aquino had said the company would focus on developing integrated mixed-use projects offering family entertainment. The retail project is part of the expansion of the integrated resort that includes the addition of 300 all-suite hotel rooms, 1,800-seating entertainment

theater for Broadway-type shows, 3,000 parking spaces, a nig ht club and more restaurants. The first phase of Solaire, which opened last year, comprises approximately 500 hotel rooms, suites a n d b a y s i d e v i l l a s . It has ne arly 300 gaming tables featuring Baccarat, Blackjack, Craps, Roulette and other favorites, as well as 1,200 slot machines. Solaire is the first of four casino resorts that will rise on what is called the Entertainment City, a reclaimed area in Manila B ay envisione d to g ive gambling hubs Macau and Las Vegas a run for their money.

T H E P h i l ip pi n e St o c k Exchange (PSE) implemented a trading suspension on Emperador Inc shares after the liquor arm of Alliance Global Group Inc inked a deal to acquire scotch maker Whyte and Mackay. In a notice on its website, the bourse said the trading suspension on Emperador shares will start at 9 a.m. today pending its compliance with the bourse’s disclosure requirement. Its shares were last traded at P12.18 apiece. E mp e r a d o r s a i d i t s wholly owned subsidiary emperador/PAGE 11

Grand Caprice Restaurant 72-6955/856-2302 Fax: 72-4986 Kagay-anon Restaurant 728958 / 8563688 Fax: 8563843 / 729003 La Ilongga Restaurant 72-6183 / 857-3652 Fax: 72-4605 Max’s Restaurant 8586297 Fax: 8568264 Missy Bon Bon 8566852 / 09228606442 Fax: 8566852 SLERS Ham & Café 8551438 Thai Me Up 738424/3108424 Fax: 738424 Barkadahan Grill 8551234 La Tegola Cucina Italiana 8585959

VISIT OUR WEB PORTAL LAMBO MISAMIS ORIENTAL. Bililhon Ang Matag Kinabuhi Ampingan. "We care... You matter..."Happiness is when what you think, what you say, and what you do are in harmony. ~Mahatma Gandhi."


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

Banking&Finance

IMF sees 5.5% growth rate for Asian region THE International Monetary Fund (IMF) expects a steady growth in Asia with gross domestic product (GDP) growth projected at 5.5 percent in 2015. In its latest Asia and Pacific regional economic outlook, the IMF noted that while economic developments in Asia remain uneven, the region will continue to be among the global growth leaders. 10IMFThe IMF report identified the main growth drivers include improving external demand, particularly from advanced economies,

robust labor markets and strong credit growth. D e s pit e t h e r i s e i n long-term interest rates in many economies, financial conditions across Asia have remained relatively accommodating. In several economies, action taken by policy makers to address vulnerabilities in the aftermath of the “tapering tantrum” in 2013 has also bolstered resilience, the IMF said. The report noted that emerging Asian economies have weathered well the latest bouts of volatility in the

global financial markets. Global growth has strengthened and overall g l o b a l pro s p e c t s h av e improved esp ecially in advanced economies. How e v e r, As i a s t i l l faces new and old risks – geopolitical uncertainty, exit from unconventional monetary policy in the United States and low inflation in the euro area, the report said. “The main external risk remains an unexpected or sharp tightening of global liquidity. Rapid movements in global interest rates could lead to further bouts of capital

flow and asset price volatility.” “Pockets of high corporate leverage in some Asian economies could magnify the effects of higher interest rates and lower growth on balance sheets and weaken domestic demand,” the report said. The report said Asia is also facing various risks emanating from within the region. Growth in China and Japan could also fall below expectations, with negative spill-over for the rest of the region. “Strong intra-regional imf/PAGE 10

Shrinking trading gains drag EastWest profit EAST WEST Banking Corp. (EastWest Bank) said its net income fell 38% in the first quarter from a year ago as an industry-wide downturn in trading gains overshadowed the double-digit growth in its core businesses. The bank, owned by the Gotianun family that also runs the conglomerate Filinvest Development Corp., reported P455.7 million in profit for the three-month period. Trading income dropped P756 million, it said. “[T]he Bank was not spared by the industry wide decline in trading gains as interest rates started to move higher and volatility increased in both fixed income and currency markets,” read the bank’s disclosure. “This is not a year for trading,” EastWest Bank president and chief executive officer Antonio C. Moncupa, Jr. said. Still, the bank noted strong performance in its core banking businesses for the same period. EastWest Bank shares rose 1.30% to P31.10 each yesterday. The bank’s net interest income in the first quarter increased by 23.7% to P2.3 billion, after it boosted its loans by 37.1% to P102.0 billion. Both corporate and consumer lending businesses posted double-digit growth of 47.8% and 28.4%, respectively. Total deposits stood at P122.9 billion by end-March, growing 41.8% year-on-year, but the bank managed to cut its interest expense by 23.9% as low-cost deposits grew 50.5% on account of its expanded branch network. “EastWest has the highest proportion of consumer loans among universal banks, with 52% of its loan portfolio in consumer,” the bank said, citing its net interest margin of 8.0%. Excluding the significant losses from trading, EastWest Bank’s non-interest income

BusinessWeek MINDANAO

grew 22.9% to P800.1 million. “ These are largely recurring fee-income, driven by the growth in consumer loans business and transactional income from the branches,” the disclosure read. The bank said it expects its aggressive branch expansion to impact earnings this year. “As we have said in the past, our branch expansion profit/PAGE 10

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

wednesday|may 14, 2014

5

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.

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

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

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

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

SECURITY BANK- LKK Limketkai | 8801258/8801625

EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081 EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331 ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

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

Capistrano Corner CruzTaal St. CDO 8524099/722695

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


Opinion

BusinessWeek MINDANAO

6

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

wednesday|may 14, 2014

BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

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

NELSON CONSTANTINO Editor-in-Chief

ALLAN mario MEDIANTE Executive Editor

Alejandrae Uy

cHENG oRDOñEZ

Lifestyle Editor

Associate Editor

SHIELA gosanes

CLIFFORD SANTILLAN

ATTY. MARIO T. JUNI

Cris diaz mike baños Uriel quilinguing Editorial Consultants

Layout Artist

Advertising

Cell No: 09352379999

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

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

Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com Member: Philippine Press Institute

T

Solar Power at Last!

A

t long last, the government is now i n c l i n e d t o g ive s ol ar power the importance that it genuinely deserves. Already, the Philippines can be considered a leader in renewable energy, with a 30 per cent reliance on renewables. However, the utilization of solar power, the most readily available resource, seems to be the most neglected. At the moment, solar energy ranks lowest among the sources of renewable energy in terms of installation allocation. The current installation priorities are as follows: hydro power - 250 megawatts; biomass – 250 megawatts; wind power – 200 megawatts and solar power – 50 megawatts. The disparity is further highlighted by the fact that to date only a single solar plant with a capacity of 1.1 megawatts is operational. T h i s pl ant , l o c ate d i n Cagayan de Oro, Misamis Oriental, was commissioned in 2012. In fairness, two more plants with a combined capacity of 27 megawatts are under construction. Another two with a combined capacity of 50 megawatts have been approved. But considering all the possible benefits of solar energy, one would think that

a more rapid solarization of the Philippines should be a no-brainer. Here are some of the advantages of solar power: First, solar power helps to slow global warming. The horrors of global warming are too obvious to need further elaboration. Second, solar power is, at least in the Philippines, available year round. This advantage, of course, would not hold in Scandinavian countries. Third, solar power can not be monopolized. It is free for all of us to use. Thus, while Russia can threaten to cut off Ukraine’s supply of oil and natural gas, Russia can not cut off the supply of sunshine in Ukraine. One report has it that yearly, Ukraine saves $3 billion dollars in reduced imports from Russia because of the operation of a single solar plant. Of course, solar power has its disadvantages. This main disadvantage is the fact that the sun is not up 24 hours a day. At night time, no solar energy is produced so one can not rely on solar power alone. This disadvantage is mitigated, however, by the fact that human activities more or less follow the movement of the sun. Thus, we need less energy at night. With proper storage of solar energy,

nocturnal requirements for energy can still be met. Another perceived disadvantage of solar power is lower energy conversion efficiency. Thus, more capital and more land is needed to put up solar plants compared to traditional energy sources. Notwithstanding these “disadvantages”, solarization is already proceeding at a dramatic pace elsewhere in the world. In 2010, Germany was reported to have added 5 gigawatts to the 3 gigawatts installed in 2009. A gigawatt equals 1,000 megawatts. The pace has accelerated after the Fukushima nuclear accident in 2011. In 2013, CNN reports that solar power installations worldw ide g re w by 38 gigawatts , from 96 to 134. Out of this additional solar capacity, the US contributed a record of 4.2 gigawatts, upping total US solar production to 10 gigawatts. Also in 2013, India added 1 gigawatt of solar energy to its electrical grid, thus achieving 2.18 gigawatts. India hopes to install 10 gigawatts of solar energy by 2017 and 20 gigawatts in 2020. With these developments across the globe, we are hungry for news here at home. We are glad to read about even modest initiatives by the likes of Juan Miguel

SPEAKING

O ut

By Ignacio Bunye

Zubiri to utilize solar power in Bukidnon. We are glad to read about a how former yaya, upon returning to her native Isla Verde in Batangas, took matters in her own hands to solve her household energy needs. With her hard-earned savings, she installed a 50watt solar panel in her home. But we are really really glad with the announcement from Department of Energy Secretary Carlos Jericho Petilla that the government is now considering increasing tenfold the installation allocation for solar power, from 50 megawatts to 500 megawatts. It took Petilla a while to start focusing on solar energy development. But as they say: Huli man daw at magaling, naiihabol din. For feedback, you may email us at totingbunye2000@ gmail.com.

Plunder of RP By Officials Predicted to Happen

My Way hink a minute…A little boy was not obeying his mother. So she told him to sit down and stay there until she said he could stand up again. The little boy angrily sat down and said: “I’m sittin’ down, Mom…but inside I’m standing up!” There was a popular song made famous by Frank Sinatra, Paul Anka, and Elvis Presley called “My Way.” It’s about a man at the end of his life who’s proud of how he lived, even with all his mistakes, because he says, “I did it my way!” That song was so popular because it says how we all feel: I’m going to live my life my way and be my own boss! I’m not going to let anybody tell me how to live—not even my Maker. Remember John Lennon of the Beatles? He and his fellow Beatles helped lead the rebellion of the 60’s against many traditional beliefs and lifestyles. They also made popular the use of both marijuana and hard drugs. Many of their followers and fans often boasted that the secret to a happy life was simply to live for today. The problem was they were so high on drugs they never knew what DAY it was! John Lennon was also very proud of being a devout atheist. He did not believe in God. In fact, in 1966 John

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

THINK

A Minute

By Jhan Tiafau Hurst

Lennon said: “Christianity will die out. We, the Beatles, are more popular than Jesus now. I don’t know which will go away first: rock ‘n’ roll or Christianity.” Then Lennon himself was the first to go when he was suddenly shot and killed on the streets of New York City. You see, our Creator gave us our freedom so we can choose whose way we want to live: His way or our way. But Jesus strongly warned us that our way is definitely the wrong way; because no matter how hard we try we can’t ever be fully satisfied by living our way. What’s worse, Jesus said it will only lead us into hell - a place full of the worst pain and suffering forever. In fact, it’s so terrible that our Maker Himself chose to become a human being just to give His innocent hurst/PAGE 10

L

IFE’S INSPIRATIONS: “… if you no longer listen to the Lord your God, and do not carefully follow all his commands and decrees I am giving you today, all these curses will come on you and overtake you… day after day you will be oppressed, robbed, and plundered, with no one to rescue you…” (Deuteronomy 28:15, 29, the Holy Bible). -ooo PNOY ALLIES PORK SCAMMERS, TOO: So, it is now indubitably clear: even political allies of President Aquino are being linked to the P10 billion pork barrel scam, as revealed by the President himself upon his arrival from the ASEAN meeting in Myanmar. He said he has seen at least two lists detailing the participation of his allies in the scam, touted as the worst ever scam in Philippine history. There is therefore no doubt anymore that the s cammers who are masquerading as lawmakers and public servants even in the other departments of government and who have been plundering our country through their pork barrel funds both come from the administration and the opposition. Based on this admission by Aquino, the authenticity and accuracy of the Bible as the Word of God, and

the very existence of God Himself which is denied by many, have been proved rather forcefully one more time. For, in Deuteronomy 28:15 and 29 of the Bible, this plundering and robbing of a nation who no longer listen to God, and who no longer obey Him, were clearly predicted to happen. -ooo BIBLE WARNED US OF PLUNDER BY OUR OF F IC IA L S : He re i s Deuteronomy 28:15 and 29 of the Bible: “… if you no longer listen to the Lord your God, and do not carefully follow all his commands and decrees I am giving you today, all these curses will come on you and overtake you… day after day you will be oppressed, robbed, and plundered, with no one to rescue you…” Attention must be given to the admonition in those verses that, if a people no longer listens to God and no longer obeys Him, they will be oppressed day after day, which means, the unfaithful people will be abused continually without end, because that is a curse from God. Note must be made of the fact that, indeed, this abuse of the citizenry i s happ e n i ng i n m any forms, even under Aquino’s “righteous governance” program. Then, these verses also

warn of robbery and plunder against the people, which means that the people’s taxes would not be used for their benefit, but would instead be appropriated for themselves and their families by grafters, plunderers, and the corrupt in government, which, exactly, was what happened with the P10 billion pork barrel scam. -ooo E V I L D O E R S F R OM BOTH SIDES OF GOV’T: It is also terribly frightening that, in the foregoing verses, we have been warned that there is no one who will rescue a people that are being oppressed, robbed, and plundered. Which, clearly, is also happening in our country even now. There is no one that will rescue or help the people from robbers, grafters, the corrupt and the plunderers, because, undeniably, evildoers come from the ranks of both the administration and the opposition. Again: why are all of these happening to us Filipinos? Well, the answer is quite simple, and it is provided by Deuteronomy 28:15 itself (although many pseudoBible experts will contest this once again): our nation is oppressed, robbed, and plundered, day after day, simply because we are no longer listening to God and are no longer truly obeying Him.

K akampi

Mo A ng Batas

By Atty. Batas Mauricio

The remedy against this evil, therefore, is tantalizingly simple: we must listen to God once again by reading His Bible, and obey His commands truthfully and sincerely this time. These remedies are of course difficult to do, but, with determination, we can prevail. Read the Bible now, and obey God’s commands, right away, to stop all the corruption and plunder in our country. -ooo REMINDERS: Please tune in: “Tambalang Batas at Somintac sa DZEC”, at 1062 kHz on the AM band, Mondays to Fridays, at 6 a.m.; “Kakampi Mo Ang Batas sa Radyo Trabungko FM”, at 103.7 mHz in Don Carlos, Bukidnon, Mondays to Fridays, at 7 a.m.; and “Kakampi Mo Ang Batas sa DYKA” at 801 kHz on the AM band (Panay Island), Mondays to Fridays, at 10 a.m.


BusinessWeek MINDANAO

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

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

wednesday|may 14, 2014

XU opens marine station XAVIER University formally opened the Xavier University Marine Station in Solana, Jasaan, Misamis Oriental on May 6. The Marine Station will be managed and supervised by the XU McKeough Marine Center (MMC). “This facility has been given to us to serve our community and care for our environment,” said XU President Fr Roberto Yap SJ during the blessing of the Marine Station. The XU Marine Station will support researches in biology and marine biology, and related studies on the sustainable development of the environment. Adjacent to the Station i s a n Ac t i v i t y C e nt e r equipped with a multipur p os e hall, cottages, dormitory, kitchen and a store room for meetings,

public presentations, fora and training workshops related to marine research and social outreach. There is also a field site, fronting the Marine Station, which hosts marine resources and other ecosystems. It will serve as a site for training in basic ecological survey methods and techniques. “ T h e s e c omp on e nt s complete the basic make up of a good research facility: a set of indoor laboratories, a field site for experiments, and facilities for training/ workshops,” explained Fr Mars Tan SJ, MMC director. “M M C h a s a l r e a d y generated a 3D bathymetric and resource map of the coastal site as a source of baseline information for present and future studies,” he added. Building on the past, shaping the future

“XU is building on its past and shaping the future,” said Fr Yap. A Jesuit priest, Fr James McKeough, was one of the pioneers of marine science w hen it st ar te d in t he Philippines in the 1960s. He started XU’s Marine Biology program which launched marine science education in Northern Mindanao. In 2006, the McKeough Marine Center was formally established as a research and social development arm in the field of marine science. “We have a good, strong program in Marine Biology,” said Fr Yap, “and we have a chance to strengthen our achievements through the marine station.” “Let this be a facility we can use to shape the future,” he said. Fr Yap emphasized that caring for the environment is

“It takes more than capital to swing business. You’ve got to have the A.I.D. degree to get by - Advertising, Initiative, and Dynamics.” ~Ren Mulford Jr.

part of Jesuit mission. “You cannot be a Jesuit university if you don’t have a clear environmental program,” he said.

X U ’s a p p r o a c h i n the protection of the environment has been to look at the whole ecosystem from the ridge to the reef.

7

The Marine Station will, thus, not only support researches in marine science but also supp or t env ironment a l research in general.

SP MISAMIS ORIENTAL HOLDS SESSION IN LUGAIT – The Members of the Sangguniang Panlalawigan of Misamis Oriental, headed by VICE GOVERNOR JOEY G. PELAEZ, made a courtesy call to Mayor Wellie G. Lim before they held their 15th Regular Session at Holcim Training Center, Lugait, Misamis Oriental. The session was held in Lugait as part of Vice Governor Pelaez’s advocacy of bringing the Sangguniang Panlalawigan closer to the people. Vice Governor Pelaez was happy that many questions and queries raised by the municipal and barangay officials during the session because the purpose and essence of the out-of-capitol session was achieved.

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


BusinessWeek MINDANAO

8

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

wednesday|may 14, 2014

AgriBusiness

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

44 provinces, 2 Mindanao cities Corn stocks rise in April prone to El Niño, Agri dep’t says THE Department of Agriculture has listed 44 provinces and two Mindanao cities which are prone to the effects of El Niño weather and could suffer dry spells, a MindaNews report said. El Niño, a warming of seasurface temperatures in the Pacific, affects wind patterns and can trigger a drought in the Philippines, curbing food supply. The DA said these areas were “highly vulnerable” to El Niño: • Misamis Oriental, • Sarangani, • South Cotabato • Ilocos Sur, • Ilocos Norte, • La Union, • Pangasinan, • Cagayan, • Aurora, • Bataan, • Bulacan, • Nueva Ecija, • Pampanga, • Tarlac, • Zambales, • Cavite, • Rizal, • Occidental Mindoro, • Palawan, • Capiz, • Iloilo, • Negros Occidental, • and Zamboanga City. Areas which are “moderately

THE COUNTRY’S corn stocks sustained their doubledigit growth in the month of April, on the back of rising stocks in the household and commercial warehouses, according to the Philippine Statistics Authority (PSA). In a report released on the Web site of the PSA’s Bureau of Agricultural Statistics, the country’s total corn stocks as of April 1 were seen at 368,700 metric tons, 37.7% more than the previous month’s level of 267,800 MT and 23.% more than last

year’s 299,100 MT. Of the total corn stocks, household stocks increased by 30% while those in commercial houses grew by 48.1%. On the other hand, the corn inventory of the National Food Authority (NFA) decreased by 1.2%. T h e c or n s t o c k s i n commercial warehouses accounted for some 52.8% of the total April inventory. Household inventories have a 44.4% share while NFA stocks comprised the remaining 2.8%.

Villar calls for state of emergency to solve coconut infestation

vulnerable” to El Niño include: • Zamboanga del Norte, • Zamboanga del Sur, • Zamboanga Sibugay, • Bukidnon, • Davao Oriental, • Abra, • Apayao, • Benguet, • Ifugao, • Mountain Province, • Isabela, • Nueva Vizcaya, • Quirino, • Batangas,

• Laguna, • Quezon, • Romblon, • Sorsogon, • Aklan, • Antique, • Bohol, • Samar, • and Davao City. The DA came up with the list “for purposes of monitoring and crafting of possible interventions.” Bukidnon local officials are planning to meet with

agriculture officials to discuss ways the province can cope with the dry spell. Malaybalay City Mayor Ignacio Zubiri said he will meet with the agriculture officials of the city next week to discuss the city’s action plan. Meanwhile, the DA’s Bureau of Soils and Water Management had completed 28 cloud-seeding trips in droughtaffected areas in Isabela, Nueva Vizcaya and other areas in the Cagayan Valley.

SENATOR Cynthia Villar on Tuesday said she asked the Philippine Coconut Authority (PCA) to declare state of emergency in areas affected by the coconut infestation. ”There is a need for state of emergency to hasten the release of budget to solve this coconut infestation,” Villar said. Villar, chairperson of the Senate agriculture and food committee, said the Philippine Coconut Authority (PCA) has been doing its job to solve the coconut infestation by coconut scale insect (CSI) in the Calabarzon area. ”The PCA has program but it is not so extensive because it is not fully supported by

budget,” Villar said. During last Monday’s hearing, Villar advised the PCA, specifically Region IVA, to immediately resort to rehabilitation if they cannot stop the infestation. “If we can’t stop the infestation, let’s rehabilitate,” Villar told Erlene Manohar, PCA Region V officer in charge. Villar said the PCA has only P50 million budget to solve the infestation, way below the P150 million it proposed to fund the programs that include spraying of coconut farms; giving of fertilizer for rehabilitation; and, importation of the predators that can eat the scale insects. villar/PAGE 10


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

Billboard

Color Coding Denims @ SURPLUS J eans are famous as workwear, as a staple of America’s Old West. They were a symbol of the youthquake in the 1950s and 60s, and have been immortalized in songs by Neil Diamond and Lana del Rey. But as much as we still love to get our blue jeans on, we like a little blast of new-

ness every now and then. And this summer, color is probably one of the most important things. The color trends for spring/summer 2014 come with a harmonious fusion of delicate pastel and bright which together make the most charming and balancing pairs. And jeans are looking bright in red,

orange, cobalt blue, coral, green and violet at Surplus. You can play it safe and wear your trendy pair with a simple white, black or silver top, or go bold and do color blocking with other bright tones. Make a statement and have fun with colorful denims at Surplus in SM City Cagayan de Oro.

BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

wednesday|may 14, 2014

The Pilmico Livelihood Expo 2014:

Celebrating the Baker, the Farmer and the Breeder. Like the 2013 Pilmico Poultry and Livestock Expo held in Lingayen, Pangasinan this event will be mounted in collaboration with the Provincial Capitol with the Provincial Veterinary Office, the Provincial All is b Tourism Office and the guys right. Red pants and paste jeans for Provincial Employment these for girls l yellow . lo Services taking the ud a Wear with n top a a comp d proud lead. However, unlike li n match d accesso menting es you ries t Lingayen the 2014 inhat r moo d. stallment will also feature Pilmico Flour, now Celebrating the Blues. in its 52nd year of operLight blue skinny pants for girls paired with a ations in nearby Iligan. zip up jacket for that The 2-day event will sporty spirit. run from May24 to 25, 2014 in the Misamis Oriental Provincial et blue. Stre Red meets res our flag ’s Capitol along Velez Nastyle captulue pants for b tional Highway, Cagayny colors a red skin guys and an de Oro City. for girls. Participants to the Expo will be able to attend free seminars and watch live demos on the latest in hograising and gamefowl breeding practices and technology as well as bakery The Cagayan de Oro City Government led by Mayor Oscar Moreno hosted a Barrio Fiesta for balikbayans of Duaw Kagayan operations. The Pilmico Poul2014, the biennial trek to their native city by Kagay-anons based overseas. Held May 12 at the Barangay Tourism Hall with the Department of Tourism Region X, City Tourism Office and City Tourism Council. try and Livestock Expo is aimed at educating guests and participants on proper backyard livestock raising using Pilmico’s four-pillar Diamond Program: 1) Breeding and Genetics, 2) Sound Management, 3) Complete Healthcare and 4) Excellent Nutrition. Partner exhibitors and facilitators that will City Hall and Tourism Officials led by Roy Raagas, Can- Kagayanon International officials pose with Mayor Moreno and tourism officials complement Pilmico in dy Darimbang and Butch Chan present the traditional for posterity this endeavor are Bayer, Friedship Beads to all Duaw Kagayan 2014 delegates Novartis, Boehringer Ingelheim, Merial Philippines, Pfizer, Elanco, PIC and Virbac for the Hogs segment and Excellence Poultry and Livestock Specialists, Mike Banos with siblings Agnes, Rowena and Olive Vista del Rio Farm, Inc., Rocha with Olive's hubby Norman Aliga together with media partners Pit Games Media Inc and Tukaan Sultada for the Gamefowl category. Flour partners include Besterm, Ferna, Bakels, Sinmag ... The Aboitiz Group, Roy and Gerlou Gaane with Ms City Hall’s HR Dept Head Tuting Potenciano welcomes The City Hall Chorale Kagay-an 2013 Amadea Piatti Duaw Kagayan 2014 delegates with Kakanin through Pilmico, has

Duaw Kagayan 2014

9

www.businessweekmindanao.com

been providing its customers with world class flour and feeds for over 50 years. Pilmico Feeds’ highquality feed line includes brands such as Ultimax, Elite, Classic, Civic and Lakas Tandem for hogs; Poultry Express, Avemax, Gallimax for poultry; and Pork and Poultry Solutions for farm accounts and Salto for gamefowl. Pilmico Flour on the other hand features hard what flour ideal for breads, noodles and pizza through brands such as Sun Moon Star, Sunshine, Glowing Sun and Kutitap. Soft flour, used for pastries, cookies, cakes, wafers and pancakes is adequately represented by brands such as Gold Star and Mega Star. Finally, rounding up the Flour portfolio would be Wooden Spoon Specialty Flour range ideal for siopao and cakes. Notable activities at the Expo apart from the seminars would be the Live Animal Display, the Technical Baking sessions where participants will be taught easy to prepare cakes and bread products and the games where 20 piglets, 2 replament gilts and one terminal boar will be raffled off to lucky seminar attendees. “Pilmico advocates backyard raising as a way to bring families together. It’s an activity that even children can be involved in, have fun, while subsequently immersing themselves in the family business,” said Hendel Cabral, Vice President for Sales of Pilmico. Another highlight of the expo is the 3pm Pilmico Habit where breads made from Pilmico Flour will be distributed to particants in the exhibit grounds once the clock strikes 3 in the afternoon.


BusinessWeek MINDANAO

10

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

wednesday|may 14, 2014

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region BRANCH 07 Tubod, Lanao del Norte DANTE M. COLANZE, Petitioner,

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

CIVIL CASE NO. 07-765

- versus -

MARYZZA CERBO PADERNAL- COLANZE, Respondent. x- - - - - - - - - - - - - - - - - /

10.

- for -

DECLARATION OF NULLITY OF MARRIAGE

11.

SUMMONS BY PUBLICATION TO: MARYZZA CERBO PADERNAL-COLANZE G R E E T I N G S! WHEREAS, on April 21, 2014, the Court issued an order granting the petitioner’s Motion for Leave of Court to Serve Summons by Publication, the dispositive portion of which reads as follows: “WHEREFORE, the Motion is hereby granted, and that the petitioner is hereby ordered to serve the summons by publication at his own expense.”

12.

13.

WHEREAS, Petition reads: PETITION

PETITIONER by undersigned counsel unto this Honorable Court most respectfully alleges: 1. 2.

That Petitioner is a Filipino, of legal age, married, resident of Austin Heights, Poblacion, Kolambugan, Lanao del Norte; That Respondent is a Filipino, of legal age, married to Petitioner but whose whereabout is unknown and cannot be ascertain by Petitioner; STATEMENT OF FACTS

3. That sometime in year 1994, Petitioner met Respondent in Iloilo City while the cargo ship where he was a crew was on port for 30 days waiting for the cargoes of cement to be unloaded. Respondent and her parents used to live in a makeshift house at Zone 1, Calumpang, Molo, Iloilo City, built on a rented lot; 4. That Petitioner had no intention of courting Respondent as he found her younger sister more attractive than her and of his age however it was Respondent who entertained him when he visited their place and would even follow him to Manila thus they developed some kind of mutual understanding that after 3 months of acquaintance they got married in a civil ceremony in Iloilo City on April 26,1994, attached hereto is a copy of the Certificate of Marriage marked as Annex “A”; After the wedding respondent boarded the vessel together with Petitioner. It was then that Petitioner was confronted with the true character and behavior of Respondent; in any misunderstanding and conflict of opinion they had or when she was agitated, she would slash her wrist with any pointed or sharp object or bit Petitioner on his arms, or shouted expletives and cussing out Petitioner for not doing things she wanted it to be thereby causing great embarrassment to Petitioner since they can be heard of the other crew occupying the adjacent cabins. Petitioner came to realize that her kind of behavior is not only recent but this was with her even before the marriage as she was fond of wearing 3/4 sleeves tops and saw her many scars on her arms to; Then more than a month after their wedding, Petitioner decided to take his newlywed wife to his hometown in Kolambugan, Lanao del Norte since his contract of employment was finished; 6. That at the prodding of his father, he built a house on his father’s lot however he renewed his contract for six (6) months after he ran out of money leaving Respondent behind but after he finished his contract he decided not to renew the contract with the inter-island cargo vessel as he wanted his wife to get pregnant; 7. That his parents wanted them to have a church wedding; during their application for religious ratification of their marriage, when it was required of Respondent to submit her Birth Certificate, she admitted to Petitioner that her name was not MARIZZA as what she made him to believe but NENITA and that she was not born in the year 1963 but in the year 1958. Although aware of her misrepresentation, Petitioner decided to push through with their church wedding at the Holy Cross Parish, Kolambugan, Lanao del Norte on January 28, 1995, attached hereto is a photocopy of the Certificate of Marriage issued by the Parish Priest, marked as Annex “B”; 8. That Respondent’s behavior worsen. Petitioner felt more humiliated since respondent exhibited her temper tantums without qualms or reservation even if his family or neighbors could witness her making a scene; in almost all of this kind of situation Petitioner chose to keep quiet and maintain a distance until Respondent’s anger died down. 9. That after almost year of staying in Kolambugan, Lanao del Norte, Petitioner decided to relocate at Iligan City, renting a house at Tominobo, Tomas Cabili. His main occupation was as driver operator of his passenger jeepney with Respondent being tagged along acting as his conductor. Respondent’s behavior did not only remain the same but this time she would throw his daily collection when she got mad over minor or nonsense issue like when

14.

15.

she wanted to eat and was told to wait for a while. Twice at the height of her anger Respondent tore her clothes rendering her almost naked and at one instance threw a knife at him but missed. Petitioner decided to work as a seaman abroad and went to Manila to apply for deployment in September 1995; Respondent followed after a month and stayed in rented a room. After a week, they started fighting again as Petitioner could not adjust to her behavior like when she wanted him to buy fruits and when he arrived and explained to her why he was a late, she would bit him. That on the last week of October 1995 he embarked on a vessel; After selling the jeep for P120,000 minus the price of the TV set they bought and his expenses in processing and applying for an overseas job, he left her the amount of P50,000. Respondent went back to Iligan City together with her younger sister whom he requested to keep company of Petitioner while he was on board the vessel. Petitioner later learned that she and her sister were engaged in an ambulant store selling drinks and liquor displaying their goods during night time in Iligan City; That while on board the vessel, he received a letter from her sister Cherrie C. Seneriches who was working at the then PCIBank and now BDO; she informed her that she saw his wife together with a man every time she withdrew her allotment from the bank; He had no way of confronting Respondent as the means and mode of communication at that time was not as sophisticated as nowadays. That he disembarked after finishing his one (1) year contract and returned to Iligan City in October 1996 but only to find out that Respondent was no longer living at their rented house and all their personal belongings were gone. He looked for her in the city but their friends could not give a definite answer; that at one time when he entered an eatery, a woman approached him and told him that she knew him to be the husband of Respondent and told him that Respondent went with another man who wooed her with flowers and gift and who fetched her regularly at the place where she displayed their goods and that she drove out her sister, the latter went back to Iloilo City; some told him that she went with a Muslim guy in Marawi City. He simply had no idea of the whereabout of Respondent from then on. Even his brother Amancio Jr. when they saw each other aboard a vessel of Negros Navigation taking the Cagayan-Manila route where the former was working as a security guard of the vessel, he thought all the while that Respondent was still in Iligan City but Petitioner told him of what happened; her brother could not offer any categorical answer as to the whereabout of Respondent. Petitioner gave up his search and went back to work as a crew of international cargo vessel. Since October 1996, until at present Petitioner had not heard of any news about Respondent and her family; Respondent did not even try to contact his parents in Kolambugan, Lanao del Norte as Petitioner had been most of the time working on board a vessel. She simply was not interested in honoring and fulfilling her marital obligation to Petitioner. That for almost 18 years after Respondent left with no trace, Petitioner now comes to this Honorable Court seeking the nullity of their marriage. CAUSES OF ACTION

16. Plaintiff hereby incorporates the foregoing allegations by way of reference; 17. That Respondents attitude and behavior are constitutive of Psychological Incapacity under Article 36 of the Family Code of the Philippines as it prevents the Respondent to comply with her bounden-duty to observe mutual love, respect and fidelity and render mutual help and support. 18. That the root cause of respondent’s psychological incapacity could be traced to her upbringing in life. Hence this petition. PRAYER

5.

WHEREFORE, premises considered, it is respectfully prayed of this Honorable Court that after due notice and hearing, the instant petition be granted thereby declaring the marriage of Petitioner and Respondent an absolute nullity on the ground of Respondent’s psychologically incapacity to perform her marital obligations with Petitioner. Such other reliefs just and equitable under the premises are likewise being prayed for April 14, 2014, Tubod, Lanao del Norte. Atty. DOROTHEA SALIGAN-BASALO Counsel for the Petitioner Poblacion, Tubod, Lanao del Norte” NOW THEREFORE, the above-mentioned Respondent is hereby summoned and required to file with the Clerk of Court, Regional Trial Court, Branch 07, Tubod, Lanao del Norte, Philippines, his ANSWER to the abovequoted petition within sixty (60) days from publication of the summons and to serve copy of the said answer upon petitioner’s counsel at his given address indicated in the petition. Respondent is further reminded of the provision in the IBP-OCA Memorandum on Policy Guidelines dated March 12, 2002 to observe restraint in filing a Motion to Dismiss and instead allege the grounds thereof as defenses in the Answer.

Tubod, Lanao del Norte, May 5, 2014.

(Sgd.) ATTY. MARIA PTV ZALSOS-UYCHIAT, CPA Clerk of Court VI BWM May 14, 2014

IMF... from page 5

trade integration, which is shown to have contributed to greater business cycle synchronization and spillover over the years, could transmit geopolitically related disruptions along regional supply chains.” While Asia is resilient and policy frameworks are generally sound, the recent episodes of global volatility have shown that policy tradeoffs can worsen relatively quickly, the report said. “This puts a premium on continued vigilance and further reform efforts to underpin growth prospects.” Given relatively low inflation across most of the region, countries generally appear to have space to maintain the current supportive stance of monetary policy. But a gradual normalization of monetary conditions would be warranted as economic prospects continue to improve and downside risks recede, the report added. In economies with high inflation, decisive action on monetary policy will likely be needed to ensure that headline inflation stays on a downward path, the report said. The report also noted that in many of Asia’s frontier and developing economies, curbing rapid domestic credit growth is needed to

address domestic and external imbalances. On t he f is cal f ront, gradual consolidation remains appropriate for most economies in Asia, the report said. Reforms to raise tax revenues and change the composition of spending so as to prioritize infrastructure and social spending will help rebuild fiscal space and promote more inclusive growth, the report added.

Profit... from page 5

will cost dearly, especially in 2014. The costs are upfront as we hire more people and spend on infrastructure, while revenues will be built over time,” Mr. Moncupa said in the disclosure. EastWest Bank currently has 376 branches, with 29 new branches opened so far this year. The bank expects to end the year with a total of at least 400 branches, it said in the disclosure. It added 178 branches in 2012 and 2013. “We need to do these necessary investments to build our future revenue base and ensure we remain competitive,” Mr. Moncupa said. “We are h appy an d thankful to note that core revenues are growing faster than we initially expected. This is most helpful to offset the costs of expansion and lower trading revenues,” he added.

Hurst... from page 6

life so He could forgive us all our wrongs and save us from hell. That’s how much He loves us! God the Son came and showed us that living His way is the only way that we can have the satisfying, good life we were created to enjoy. So today, why not finally ask Jesus to forgive you for living your own way. Then ask Him to take full charge of your life, so that for your own sake and happiness, you can start living His way every day of your life. Just Think a Minute…

Villar... from page 8

”I can’t see the budget is not enough. We need to declare state of emergency that will be a massive campaign drive against coconut infestation,” Villar said. For mer s enator and now presidential adviser on agriculture Francis ‘Kiko’ Pangilinan promised to the committee to help the PCA to get higher budget. Vi l l a r s a i d a r o u n d 3.5-million hectare area of the country, representing 68 out of the 79 provinces, is planted to coconut trees. “Coconuts are one of the most important crops in the Philippines. The country is the second largest coconut producer in the world, accounting for 26.6% of global production,” she said. (PNA)

Republic of the Philippines SUPREME COURT 10TH Judicial Region 1ST MUNICIPAL CIRCUIT TRIAL COURT BALINGOAN-TALISAYAN Misamis Oriental -oOoFIRST COMMUNITY COOPERATIVE CIVIL CASE NO. 06-226 (FICCO) BALINGOAN BRANCH as Rep. by it’s Branch Manager, Plaintiff, -versus- FOR: SPS. JOSE/REBECCA ABCEDE, MARITES COLLECTION OF SUM OF RONDINA & ELVIRA PADLA MONEY AND DAMAGES AND ATTORNEY’S FEE Defendants. X-------------------------------------------------/ NOTICE OF SALE ON EXECUTION OF REAL PROPERTY WHEREAS, by virtue of an Order dated April 11, 2012 and Writ of Execution dated April 24, 2012 issued by the Honorable Emmanuel W. Paderanga , Presiding Judge , Municipal Circuit Trial Court of Talisayan-Balingoan, Misamis Oriental, in Civil Case No. 06-216 wherein FIRST COMMUNITY COOPERATIVE ( FICCO) Balingoan Branch as represented by it’s Manager is the plaintiff and SPS. JOSE/REBECCA ABCEDE, MARITES RONDINA & ELVIRA PADLA are the defendants for the Collection of sum of Money in the amount of SEVENTY SIX THOUSAND THREE HUNDRED SIXTY ONE AND 32/100 PESOS (P 76,361.32) computed in accordance with promissory notes included therein the attorney’s fee, related litigation expenses and excluding the expenses in connection with this Writ and Auction Sale, levy was made on February 19, 2014, by the Sheriff of Regional Trial Court-Office of the Clerk of Court, Medina ,Misamis Oriental which are more particularly described as follows: TAX DECLARATION NO. 08-06-0008-04562 Property Identification No. 052.06.0008.008.05 A PARCEL OF AGRICULTURAL LOT, situated at Mimbuahan, Sugbongcogon, Misamis Oriental, island of Mindanao. Boundaries are as follows:

North : East :

Lot 01 ( 1774C) Lot 06 & Lot 24 of SEC. 007 ( 1772P)

South : Lot 04 ( 1775 PART ) West : Lot 01 ( 01 ( 1774C)

Containing an area of EIGHT THOUSAND EIGHT HUNDRED THIRTEEN ( 8,813) square meters Agricultural Lot with the total assessed value of Thirty Five Thousand One Hundred Ten Pesos ( P 35,110.00) in the name of JOSE ABCEDE residing Calubo, Kinoguitan, Misamis Oriental. NOW, THEREFORE, by virtue of said Order of Execution and in accordance with Rule 39 Section 18, of the Rules of Court, the Sheriff of Regional Trial Court – Office of the Clerk of Court, Medina, Misamis Oriental will or by deputy sell at public auction to the highest bidder for CASH and in Philippine Currency, on June 18, 2014 at 10 o’clock in the morning or soon thereafter , at Regional Trial Court- Office of the Clerk of Court Building, Medina, Medina, Misamis Oriental the above-described properties in order to satisfy said Order of execution, together with the interests, costs, sheriff’s fees and expenses of Sale.

Medina, Misamis Oriental, Philippines, February 19, 2014.

BWM: May 14, 21 & 28, 2014

(Sgd.) MICHAEL I. MONTEJO RTC-OCC, SHERIFF IV


BusinessWeek MINDANAO

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

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

wednesday|may 14, 2014

IMEM... from page 1

the IMEM do not include the transmission costs and taxes. The rate could run high to P35 per kilowatt hour,” he said. Petilla will meet with managers of Mindanao’s electric cooperatives in Manila with the House committee on energy to ask them to withdraw their opposition to the IMEM. The House committee on energy chaired by Rep. Reynaldo Umali (2nd district, Oriental Mindoro) passed a resolution junking the IMEM after electric cooperatives and consumer groups objected to the marketing system during a public hearing in Cagayan de Oro last March. Rep. Rufus Rodriguez (2nd district, Cagayan de Oro) said Petilla asked to be given a second chance to talk to the electric cooperatives and promised to present a modified version of the IMEM. “The committee and the cooperatives decided to give Petilla another chance. We will hear what he has to say,” Rodriguez said. Ebcas said they opposed the IMEM Pricing and Cost Recovery Methodology that was approved by the Energy Regulatory Commission to determine the price of electricity. He said power distributors will have no choice but buy the expensive electricity. “Even if there are three power producers, all of them will sell at the same price because everyone wants to profit. That is no market,” he explained. He said most power distributors are scrambling to buy modular generating sets with funds from the government rather than face the scenario of buying electricity in the spot market. “We estimated that even running on diesel fuel, the electricity produce by modular sets will cost only P15 per kilowatt hour. It will be much cheaper,” he said. The government has offered electric cooperatives money from the Malampaya funds to purchase the modular generating sets. Costing P20 million per megawatt it can produce, the government are charging six percent per annum but electric cooperatives can return the power generators after two years. The South Cotabato II Electric Cooperative has already leased a 15-megawatt modular generating set to ease its power shortage problems. Electric cooperatives in Camiguin and Misamis Oriental are also buying two-megawatt modular generating sets to augment their distribution. There is nothing new with modular generating sets. The Ramos administration also offered them to the electric cooperatives during the power crisis in 1998.

Power... from page 1

he said. Maranon said their members could already have incurred losses of at least P1 million

from the rotating brownouts. “I hope this changes soon,” he added. The Davao Light and Power Company (DLPC) in a statement said there were no rotating power interruptions during offpeak hours (12 midnight to 8am) from May 8 to 10. This was due to the increased power supply allocation from National Power Corporation as one unit of the Steag coal plant was successfully put back online, adding 105 megawatts to the grid, the statement said. DLPC also maximized other available power supply, such as those from Hedcor Sibulan and Talomo Hydropower plants and TMI and Bajada Power plants. DLPC attributed the changing power interruption schedules to deteriorating power supply and its “very volatile behavior.” The statement said they update their information once it becomes available. The power utility also responded to the negative reactions posted by netizens regarding President Benigno S. Aquino III’s statement that Mindanao power consumers needed to “pay a little more”. “This phrase does not refer to the distribution charge (the cost which goes to Davao Light),” DLPC said. The utility said the investment into an expensive energy source such as the ones being used by Luzon and Visayas would increase the generation charge. “But the good news is, yes there will be additional power supply in Mindanao, no more rotating brownouts but more expensive electricity rates.” DLPC said it was “not in the position to implement this” as it is only a distribution utility, with the government being tasked to invest in alternative energy sources. Distribution charges have to undergo approval by the Energy Regulatory Commission. “Mindanao is experiencing a power crisis, we have insufficient power supply because no additional power plants are coming in until 2015,” it said. “What we need now is a longterm solution for this looming power crisis, which we hope this is what the government is doing right now,” it added.

Crisis... from page 1

worsen in 2010 in the region. “I understand the frustration of the President but it is very unfortunate that the power crisis in Mindanao has now been reduced to a circus of blame game, which is neither helpful nor reflective of the real situation. I could only assume that he has not been made aware of the true situation by the people responsible in solving the lack of power supply in Mindanao, including the implementation of the modular gensets program”, he says. The Mindanao Modular Generator Sets (Gensets) Program was launched in July 12, 2013 by virtue of Executive Order No. 137 with a funding of Php 4.5 billion from the Malampaya Fund as a stopgap measure to provide the much-need additional power supply in Mindanao.

“In as much as we appreciate the government’s efforts to mitigate the effects of the worsening problem of power shortage, we are yet to see the positive results in the implementation of the modular gensets program.” “Gensets are not given free and use expensive fuel. They are considered as standby power source used mostly during emergency situation. Evidently, the government has yet to accomplish its objective not because of the ECs but rather due to the absence of mechanisms, such as the methods on how to recover the acquisition of the gensets, the working capital for the cost of fuel and maintenance in operating the modular gensets, etc. This is beside the other concerns such as the processing of voluminous permits, like ECC, among others.” The ECs, while very much willing to participate in the program, had to make sure that the loans they will avail would be recovered through the rates but not necessarily to pass on so much burden to their consumers. It was only at their recent meeting last April 10, 2014 that the DOE Secretary assured the ECs of the issuance of an ERC resolution for a uniform rate to be recovered out of the investments on modular gensets. But still, the cost to operate and maintain the equipment need to be expressedly addressed otherwise the program would still fail. Thus, blaming the ECs on the failure of the aforesaid program is misdirected and indeed make them (the ECs) a scapegoat for the failure in governance by the concerned government agencies. Without waiting for or depending from the modular gensets to come as early as expected, the ECs negotiated with investors that were willing to put up embedded bunker diesel-fired power plants in their respective franchise areas. At present, as a result of the ECs initiatives, around 71.4MW of electric power are now on commercial operations that indeed alleviates the shortage of power in the region. Per recent data gathered from Electric Cooperatives, a contract for an additional 12MW was made by SOCOTECO-1 in Koronadal City in partnership with the Alson’s Mapalad Corporation; 15MW by SOCOTECO-2 in General Santos City in partnership with So Energy International; 15MW by DASURECO in Davao del Sur in partnership with Alson’s Energy Development Corporation; 3.2MW by FIBECO in Bukidnon in partnership with King Energy, Inc.; 10.6MW by MORESCO-2 in Misamis Oriental in partnership with King Energy, Inc.; and 15.6MW in MOELCI-2 in Ozamis City also provided by King Energy, Inc. though expected to be online come May 18, 2014. “By doing so, the ECs on their own way actually helped in solving the power crisis in Mindanao. Come September 2014, an additional 26.1MW will also be commercially in operation because of the ECs ingenuity.”

“In particular, the SOCOTECO-2 in General Santos City with 20.9MW and ASELCO in Agusan del Sur with 5.2MW were able to secure a bilateral contract with PEAK Power Energy, Inc., a subsidiary of A Brown Co. Inc.. The ECs therefore even if their role in the power industry is mainly distribution of power and not generation, came into play in order to be part of the solution. Thus, they should not be put to blame, worst be a scapegoat of the incompetence of others”, the 1-CARE PartyList Representative said. According to Masongsong, blaming the ECs for their failure to invest blindly in the modular generator sets in time for the summer months only diverts the issue from the real culprit of the persisting power crisis in Mindanao. “We have to note that this crisis is a recurring problem brought about by the lack of new base-load generating capacity in the region.” For a more practical and viable answer to the power crisis, the Distribution Utilities (DUs), including the ECs in Mindanao, entered into longterm Power Supply Agreements (PSA) with investors/power producers as a result of their well thought power supply planning and forecasting, even in the absence of a Mindanao Energy Plan, which has been the battle cry of ECs since 2010. These additional power sources will become available starting 2015 and until 2018 as there are already committed capacities. “The real problem of the power crisis in Mindanao boils down to the insufficient power supply aggravated by government’s failure to rehabilitate the existing stateowned power plants in the guise of prohibitions provided in the EPIRA law. Government therefore should therefore rethink the policy of privatization and take more responsibility of maximizing the capacity of ‘unprivatized’ generating assets,” he added.

DA...

from page 2

the proponents to come up with their project proposal, especially their equity, noting that every intervention has its corresponding value in the government due to its limited resources. The event was spearheaded by the Climate Change Congress of the Philippines (CCCP) in coordination with DA, Department of Environment and Natural Resources (DENR), Department of Agrarian Reform (DAR), Department of Interior and Local Government (DILG), National Convergence Initiative (NCI) and the Cagayan de Oro River Basin Management Council (CDORBMC).

Emperador... from page 4

Emperador UK Ltd entered into an agreement with a subsidiary of United Spirits Limited (USL) to acquire 100 percent of Whyte & Mackay Group Ltd and its subsidiaries for an all-cash offer based at an enterprise value of

£430 million. The transaction is subject to obtaining necessary regulatory clearances and USL shareholder approval. The fifth largest maker of Scotch whisky in the world with a history of more than 160 years, Whyte & Mackay owns some iconic Scotch brands in the industry. It also holds a substantial inventory of aged whiskeys. The group has production capacity of 50 million liters of alcohol per annum with five distilleries and one bottling plant in Scotland. Whyte & Mackay produces a wide range of products sold in more than 50 countries mainly in Europe and North America. It also has a strong presence in the global travel retail space. Emperador’s acquisition of Whyte & Mackay is part of its long term twin strategy of expanding in the Philippines and its global footprint. The purchase is expected to immediately make an impact on the leading brandy player’s earnings. “Whisky is the second fastest growing spirits segment in the world next to brandy. With this acquisition, Emperador will be exposed to two of the fastest growing spirits segments in the world,” said Andrew Tan, the

11

company’s chairman. “The global demand for Scotch whisky has shown strong growth over recent years and is expected to continue this momentum going forward. We are continuously looking to enhance shareholder value through earnings accretive investments. We believe that Whyte & Mackay is a prized asset with excellent growth opportunity and its acquisition is in line with our plans to enhance our product portfolio. Whyte & Mackay has a global distribution network in over 50 countries that Emperador Brandy will have access to,” he added. Emperador was advised by Macquarie Capital in this transaction. Emperador aims to double earnings in the next two to three years from P5.8 billion in 2013. Last year, the company embarked on a five-year plan to double sales volume and corner a third of the world market in five years. Emperador sold 33 million cases last year to remain the world’s largest selling brandy brand and the largest liquor company in the Philippines. Emperador Brandy comprises seven out of 10 liquor bottles sold in Manila, the company said.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region BRANCH 38 Cagayan de Oro City NOTICE OF EXTRA-JUDICIAL SALE File Number 2014-071 UPON EXTRA-JUDICIAL PETITION FOR SALE under Act 3135, as amended by Act No.4118, filed by BPI FAMILY SAVINGS BANK, INC., with principal place of business at BPI Family Bank Center, Paseo de Roxas, corner De la Rosa Sts., Makati City, and branch office at BPI Bldg., C.M. Recto Ave, Lapasan, Cagayan de Oro City, against SPS. DONATO T. ESPARRAGO AND JINKY M. TAN, with residence and postal address at Sampaguita Street, Camamanan, Adela Subd., Cagayan de Oro City, to satisfy the mortgage indebtedness which as of February 21, 2014, amounts to Two Hundred Forty Nine Thousand Eight Hundred Ninety Two Pesos & 91/100 ( Php 249,892.91), Philippine Currency, as principal , interest ,charges, attorney’s fees and expenses of foreclosure, undersigned Sheriff or his deputies will sell at public auction on May 28, 2014, at 10:00 A.M. to 4:00 P.M. or soon thereafter at the Office of the Regional Trial Court, Branch 38, 2nd Floor, Hall of Justice, Hayes Street, Cagayan de Oro City, to the highest bidder, for cash and in Philippine Currency, the following real property, with all the improvements found thereon, to wit: “TRANSFER CERTIFICATE OF TITLE NO. T- 138092 (Registered in the name of Sps. Donato T. Esparrago II and Jinky M. Tan) A PARCEL OF LAND ( Lot 1, Pcs-10-002204, being a portion of Lot 2076- B-5-E-20 and 2076-B-5-E-27 (LRC) Psd- 15455), situated in the Barrio of Camaman-an, City of Cagayan de Oro, Island of Mindanao. Xxx, containing an area of One Hundred Twelve (112) square meters, more or less”. All sealed bids must be submitted to the undersigned on the above-stated date, time and place. In the public auction should not take place on the said date for whatever reason, the same will proceed on the following working day without day without further notice, posting and publication. Prospective buyers/bidders may investigate for themselves the title above-described and encumbrances thereon, if any there be. Cagayan de Oro City, April 28, 2014.

FOR THE EX-OFFICIO PROVINCIAL SHERIFF:

(Sgd.) REYNALDO L. SALCEDA Sheriff IV BWM: May 7, 14 & 21, 2014


BusinessWeek MINDANAO

12

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

wednesday|may 14, 2014

Environment

Tree planting highlights Brigada Eskwela in Ozamiz By Rutchie Cabahug-Aguhob

OZAMIZ CITY, Misamis Occidental – A treeplanting activity will highlight this year’s Brigada Eskwela or the National Schools Maintenance Week (NSMW), observed from May 19-24, 2014, in Ozamiz City. Being conducted by the Department of Education, Division of Ozamiz City (DepEd-Ozamiz), the NSMW is a school maintenance ef for t t hat engages a l l education stakeholders to contribute their time, effort and resources to ensure that the public school facilities

are ready in time for the forthcoming school opening. D r. R e b on f a m i l R.Baguio, Schools Division superintendent of DepEdOzamiz, said the week begins on May 19 with a caravan in the respective schools of the city followed by a kick-off ceremony in their respective

areas. In a memorandum to a l l Public E lement ar y/ Secondary/School Heads and Supreme Student Government Program Ad v i s e r s , B a g u i o a l s o suggested the following schedule of activities: May 19, cleanliness, readiness and preparedness, as well, as School Level Advocacy on Disaster Preparedness, to include putting up of school, earth quake drill and fire drill signages; May 20, check up/inspection.repair of water and sanitation facilities, pipes, drainage and plumbing

f i x tu re s , w ate r, cl o s e t , lavatory, faucet, etc.;May 21, repairs and repainting o f c l a s s ro o m s , c h a i r s , armchairs/desks, tables/ furniture, ceiling, windows and doors, door jambs, grills and hardware, and electrical wiring and fixtures; May 22, cleanliness of school grounds and gardens/areas utilized for Gulayan sa Paaralan, Solid Waste Management, practice of waste segregation, summer reading and other school intervention and May 23, tree-planting around the school premises. (RCA/ PIA10-Misamis Occidental)

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

Solon warns public vs heat stroke C AG AYA N D E O R O CITY -- The City Council’ Committee on Health and Social Services has warned the public against heat stroke and skin cancer due to the hot temperature being experienced these days. “Tungod sa sobrang kainit sa panahon nga atong nasinat i karon, posibleng atakehon ang uban ug makasinati sa dehydration o skin cancer, busa ako nagpahimagno sa tanan, likayan ang too much exposure sa kainit sa adlaw,” (I warned the public against too much exposure to the heat of the sun so as to avoid heat stroke attack, dehydration or skin cancer) said Councilor Dante Pajo.

He said the public should make use of an umbrella or other coverings to protect the skin from being damaged by the heat of the sun and to take fluids to refresh the body. “Drink plenty of water and I even encouraged people to take a bath at least twice a day to help prevent heat stroke,” Pajo said. In a related development, Pajo also advises Kagay-anons to protect themselves from exp osure to dust and pollution. Councilor Pajo also urges parents to always be watchful of their children in swimming pools. (ELB/ CdeOSP/PIA)

World Environment Day to focus on small island developing states TACLOBAN CITY -- The worldwide celebration of the World Environment Day on June 5 will adopt Small Island Developing States (SIDS) in the broader context of climate change for its theme in support of the UN designation of 2014 as the International Year SIDS. With the official slogan “R aise Your Voice, Not T he S e a L e vel”, Worl d Environment Day 2014 ca lls for help to build momentum towards the Third International Conference on SIDS in September and encourage a greater understanding of the importance of SIDS and of the urgency to help protect the islands in the face of growing risks and vulnerabilities, particularly as a result of climate change. Environmental Ma n a g e m e nt B u re au - 8 information head Maribel Munsayac said that this year’s World Environment Day also aims to raise awareness of the unique development challenges and successes of small islands regarding a range of environmental problems, including climate change, waste management, unsustainable consumption, deg radat ion of natura l resources, and extreme natural disasters.

Small Island Developing States (SIDS) are islands of the Caribbean Sea and the Atlantic, Indian and Pacific Oceans. They are some of the most beautiful places on Earth, with atolls of white sand beaches, mountain ranges covered in cloud forest, historic ports and towns, and agricultural landscapes. They are relatively remote, vulnerable to environmental challenges, such as climate change, and generally small in size. The SIDS were recognized as a d ist i nc t g roup of developing countries in June 1992, at the UN Conference on Environment and D e velopment. The 29th session of the World Heritage Committee in 2005 adopted the World Heritage Programme for SIDS, and the SIDS have since become a point of focus for World Heritage identification and protection. “Environmental stakeholders around the world believe that World Environment Day will be an excellent opportunity to raise a call for solidarity with the islands,” Munsayac said. T h e U N E S C O SI D S Programme develops World Heritage activities in these areas, providing support

for new nominations to the World Heritage List, and sustainable conservation and management practices for sites already inscribed. Wor l d E nv i ron m e nt Day (WED) is the United Nations’ principal vehicle

for encouraging worldwide awareness and action for the environment. Over the years it has grown to be a broad, global platform for public outreach that is widely celebrated by stakeholders in over 100

countries. It also serves as the ‘people’s day’ for doing something positive for the environment, galvanizing individual actions into a collective power that generates an exponential positive impact on the planet.

The EMB-8, led by the Department of Environment and Natural Res ources ( DE N R ) i n t he re g i on will likewise host a series of activities to mark this worldwide celebrat ion. (PNA)

Some of the dead fish gathered from the Agusan River in Sitio Sambulawan, Barangay Agusan in Cagayan de Oro City. Local environment officials said the farms and piggeries upstream could have caused the fishkill. (Photo courtesy of Edwin Dael, local chief environment officer)

Climate change threatens to worsen U.S. ozone pollution: study WASHINGTON -- The United States may face a 70 percent increase in unhealthy summertime ozone levels by 2050 as the climate warms, according to a governmentfunded study released on Monday. The study, published in t he U.S. Jour na l of G e ophy s ic a l R es e archAtmospheres, found that w a r m e r t e mp e r at u r e s , higher atmospheric levels of methane, and other atmospheric changes related to a changing climate spur chemical reactions that increase overall levels of

ozone. “It doesn’t matter where you are in t he Unite d States, climate change has the potential to make your air worse,” lead researcher Gabriele Pfister of the U.S. National Center for At m o s ph e r i c R e s e arc h (NCAR) said in a statement. “A warming planet doesn’t just mean rising temperatures, it also means risking more summertime pollution and the health effects that come with it,” said Pfister. Ozone pollution is not emitted directly, but instead forms as a result of chemical

reactions that take place between nitrogen oxides and volatile organic compounds in the presence of sunlight. These gases come from human activities such as combustion of coal and oil as well as natural sources such as emissions from plants. Unlike ozone in the stratosphere, which benefits life on Earth by blocking ultraviolet radiation from the Sun, ground-level ozone can trigger a number of health problems, ranging from coughing and throat irritation to more serious problems, including aggravation of

asthma, bronchitis, and emphysema. Ozone pollution also damages crops and other plants. To examine the impacts of climate change on ozone pollution, Pfister and her colleagues looked at two scenarios. In one, emissions of nitrogen oxides and volatile organic compounds would continue at current levels through 2050. In the other, emissions would be cut by 60 to 70 percent. The researchers found that if emissions continue at present-day rates, the number of eight-hour periods in

which ozone would exceed 75 parts per billion (ppb), a threshold considered unhealthy, would jump by 70 percent on average across the United States by 2050. Overall, the researchers said that 90 percent of the time, ozone levels would range from 30 to 87 ppb in 2050 compared with an estimated 31 to 79 ppb in the present. However, sharp reductions in nitrogen oxides and volatile organic compounds could reduce ozone pollution even as temperatures rise. According to the study,

90 percent of the time, ozone levels would then range from 27 to 55 ppb, and the number of instances when ozone pollution would exceed the 75 ppb level dropped to less than 1 percent of current cases. “Our work confirms that reducing emissions of ozone precursors would have an enormous effect on the air we all breathe,” Pfister said. The work was funded by the U.S. National Science Foundation, which is NCAR’s sponsor, and the U.S. Department of Energy. (PNA/Xinhua)


Turn static files into dynamic content formats.

Create a flipbook