BusinessWeek Mindanao (May 18, 2015)

BusinessWeek MINDANAO “We Grow Minds”

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Volume V, No. 167

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Surigao backs BBL TANDAG City – The Provincial Peace and Order Council (PPOC) in Surigao del Sur chaired by Governor Johnny Pimentel has expressed support to the proposed Bangsamoro Basic Law (BBL).

“Carried unanimously by the members present,” Resolution No. 05, series of 2015, entitled Expressing Support To The Proposed Bangsamoro Basic Law (BBL) Subject To The Amendments To Be Introduced By Congress, was passed during the meeting of the PPOC-Crisis Management Committee (CMC) held on May 6, 2015 at the PGO Conference Room, Capitol, this city, which the Department of the Interior and Local Government (DILG) facilitated, being the secretariat, according to Ma. Lourdes Martinez, DILG outcome manager.

Both solons of the province— Congressmen Philip Pichay and Florencio Garay of the 1st and 2nd District, respectively—have already endorsed the same, the DILG manager added.

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Agri-trade fair SURIGAO City – A total of eight assisted agrarian reform beneficiaries organizations (ARBOs) were tapped by the provincial office of the Department of Agrarian Reform in Surigao del Norte (DAR-SDN) to participate in the 2015 Surigao del Norte agri-trade fair from May 9-15, 2015 held at the Provincial Sports Complex Oval, this city.

The said ARBOs displayed and showcased their organization’s priced products in the DAR-SDN booth.

The ARBOs’ products are Pure Tableya of Honrado Farmers Credit Cooperative (HONFACRECO); Dried Pijanga of Magpayang Rural Farmers Producers Cooperative (MARUFAPCO); Nipa Vinegar of Cabugao First Farmers Consumers Cooperative (CAFIFACOCO); Banana Chips and Calamay of Trinidad Farmers Agra Multi-Purpose Cooperative (TRIFAMCO); Turmeric Herbal Powder of Garcia Farmers and Fisherfolks Credit Cooperative (GAFFARCRECO); Dried Squid of Cantapoy Farmers and Fishermen Credit Cooperative (CAFFCRECO); Coconut Candy and Papaya Pickle of Barangay Uno Poblacion Credit Cooperative (BUPCC); and Poot-poot (salted fish) of Januza Coastal Farmers and Fisherfolks Association (LaJaCoFFA).

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Mindanao-based papers dominate 2014 Civic Journalism Community Press Awards BusinessWeek Mindanao won as 2014 Best in Environmental Reporting

FOUR community newspapers in Mindanao won six out of 12 journalism awards given annually by the Philippine Press Institute, including the country’s Best Edited daily and weekly papers.

BusinessWeek Mindanao won as this year’s Best in Environmental Reporting for its intensive reporting on environmental issues and the global effect of climate change. The Cagayan de Orobased business newspaper was also among the finalists in two other categories, namely: Best in Business and Economic Reporting,

and Best in Culture, Arts and History Reporting.

During its inaugural entry last year in the annual Civic Journalism Awards, awards/PAGE 11

LGUs can earn millions from developing their hydropower potentials

By BONG D. FABE, Editor-at-Large

SAGADA, Mt. Province — Mt. Province is the highest province in the entire Cordillera region.

And as such it is where the headwaters of most of the region’s rivers, especially the mighty Chico River or Rio Chico de Cagayan, are located.

“Mt. Province’s pride is our water asset…The water that flows to Ambuklao comes from Mt. Province. The water

that flows to Kalinga and even to Ifugao comes from Mt. Province,” Gov. Leonard Mayaen said.

Such an asset can earn for local government units (LGUs) in the province a windfall, not only in terms of power and energy (electricity) but also economically and environmentally, especially if properly harnessed and managed, said a power/energy Developing/PAGE 11

Get your BWM Loyalty Card NOW at any of our participating establishments for ONLY P350.00, and avail DISCOUNTS.

BusinessWeek Mindanao Associate Editor Cheng Ordonez (extreme right) waves the trophy after the paper was cited as the 2014 Best in Environmental Reporting during the 2014 Civic Journalism Community Press Awards held May 15, 2015 at Diamond Hotel, Manila.

ARMM looks to peace with tourism buildup

By CARMELITO Q. FRANCISCO, Correspondent

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HE Autonomous Region in Muslim Mindanao (ARMM) is forging ahead with plans to develop its natural attractions for tourists despite the uncertainty surrounding the political arrangements under Bangsamoro.

Based on the data from the Mindanao Development Authority (MinDA), the region submitted three new projects to the agency for funding this year on top of the 14 projects that were submitted to the Tourism Industry and Enterprise Zone Authority (TIEZA) last year.

This year’s proposals, with an estimated cost of at least P41 million, are all in the island province of Tawi-tawi.

These include the road pavement and construction of a stairway leading to Mt. Bongao peak, the paving of the footbridge leading to Bolabok cave, and construction of a peace/PAGE 11

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BSP warns public on text scams

By APIPA BAGUMBARAN, Contributor

THE Bangko Sentral ng Pilipinas (BSP) warns the public on the various text scams that continue to persist and are being proliferated through the use of mobile phones.

Such recurring text scams declare that the receiver has won in a purportedly electronic or mobile number-

based raffle/lottery, allegedly sponsored by the BSP or any of its official/representative.

The receiver is then instructed to deposit a sum of money or send a prepaid load to the sender’s account to claim the prize money.

The BSP reiterated that it does not sponsor or engage in scams/PAGE 11

Economy

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

Widening of airport access road in MisOr completed E XPERIENCE ease in travelling to amazing tourism areas of Misamis Oriental in Northern Mindanao with the recent completion of a road widening project of the Department of Public Wo r k s a n d H i g h w a y s (DPWH).

DPWH Secretary Rogelio L. Singson said DPWH Region 10 has completed the P176 million widening of Opol to Laguindingan

Section of Butuan CityCagayan de Oro City-Iligan City Road (BCIR) which covers the 3.7 kilometer a c c e ss ro a d l e a d i ng to Misamis Oriental’s main airport - the Laguindingan International Airport.

The project includes the widening of the highway from two lanes to four lanes, with some vital sections widened into six lanes.

The widening and reconstruction of three

RUSH SALE 12 Hectares of Land about 80% planted with Benguet/Carribean Pine Trees.

Location: Patpat, Malaybalay, Bukidnon For details call Rory 09062282483

bridges namely: Alubijid, Igpit and Opot Bridges along BCIR were also part of the accomplishment under the Department of TourismDPWH Convergence Program.

The road is not only ser vicing L aguindingan International Airport but also providing better access to neighboring tourism sites like Loguilo Beach in the town of Alibijid and Opol Beach in Opol, Misamis

Oriental.

“We continue to commit building better national road network, as we recognize its importance in maximizing the potential of our countr y’s worldclass tourism destinations.

This much improved road will benefit both the local re s i d e nt s and tou r ist s , allowing better and safer transport of people, goods and services,” said Secretary Singson.

DTI monitors establishments for compliance of Fair Trade Law O R O Q U I E TA C i t y -- A total of 42 establishments, here, was monitored by the Department of Trade and Industry (DTI), here, for c omp l i a n c e of t h e Fa i r Tr a d e L aw ( F T L ) .

O f t h i s nu m b e r, almost all were found complying with the l aw, a s a re s u lt of D T I’s intensive advocacy/ c amp ai g n an d pre v i ou s s e m i n ar s c on du c t e d on Department Order No. 2, DTI Provincial Director D e l i a M . Ay a n o s a i d .

H o w e v e r, o n l y f e w and minor violations were sighted by and store owners were given verbal warning and were reprimanded on the Business Name (BN) l aw, l a b e l l i n g , a n d t h e c on du c t of s a l e s prom o

without permit from DTI. “M i s s i n g p r i c e t a g s were also noticed on few stores and violators were, likewise, reprimanded by the DTI Law Enforcement Te a m ,” Ay a n o s a i d .

Meanwhile, storeow n e r s w e re re m i n d e d that only those products b e a r i n g t h e P h i l ippi n e Standards (PS) and Import Commodity C l e a r a n c e ( IC C ) m a r k s are s afe and reli able for use.

On the other hand, stores located near schools were also reminded not to sell cigarettes pursuant to the provisions of R e pu b l i c Ac t ( R A ) No. 9 2 1 1 o r t h e To b a c c o R e g u l at i on Ac t , Ay a n o added.

CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

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Justice and Mercy

hink a minute…Have you ever missed a bus or plane because you were just a little too late? Recently I had to catch a plane for a very important meeting, s o I got to the air p or t early and waited for the announcement to board the plane. The announcement never came. When I finally went to the gate, I was shocked to see it was closing and the airplane engines had started! I panicked and tried to get the airline worker to let me on. I had nothing to lose and was desperate so I told her I wasn’t asking for justice, I was begging for mercy. Well, she did not give it to me.

You know that terrible feeling when you’ve done something wrong and you know you deserve to suffer the consequences? Every religion, except Christianity, has certain rules or rituals and good deeds that people must do to try to earn their god’s forgiveness for their wrongs. Some religions even make people torture and punish themselves to pay the penalty for their own wrongs.

But Jesus Christ showed that there is absolutely nothing we can do to earn or deserve God’s forgiveness for all the wrongs we’ve done. Not even our religious prayers, duties, and deeds come close to paying our

THINK

A Minute

Battles that changed the course of history (17)

F

ollowing the surrender of General Yamashita, his own men, arms raised, began streaming towards the advance headquarters of the USAFIP-NL. All in all, 33,000 Japanese gave themselves up in Northern Luzon.

Scenes like these were r e p e at e d a l l ov e r t h e Philippines except in some areas where word of Japan’s surrender was not received.

In Lubang, Mindoro, for instance, a group of stragglers refused to give up unless they received direct orders from their superiors. These stragglers were either killed in subsequent encounters or died from starvation or disease. Lt. Hiroo Onoda finally gave up – some thirty years later – when his own commanding officer flew in to Lubang from Japan to convince Onoda that the war was indeed over.

Surprisingly, the Filipino guerrillas – a good number of whom survived the Death March and internment at Capas- did not exact revenge f ro m t h e s u r re n d e re d Japanese soldiers. Three years earlier, the troops of General Masaharu Homma shot or bayonetted surrendered allied prisoners who failed to keep up during the infamous Death March. And just 7 months prior, the Japanese systematically killed and violated civilians, burned and looted Manila in what has become known as the Manila Massacre. The Manila Massacre resulted in over 100,000 civilian casualties, second only in magnitude to the Rape of Nanking.

Military historian Cesar

debt to Him for all our sins. We don’t need justice, we need mercy! None of us can ever reach God’s standard of perfect goodness in everything we think, say, and do.

That’s why God the Son became a human being to do it for us. Jesus said that our only hope is His mercy, because He has already paid the penalty for all our sins by giving His own perfect life for us on the cross. We just have to ask and believe that He will give us His free gift of forgiveness and new, eternal life. Then we can start life all over again, loving Him and living His right way that He plans for us to enjoy. So today, won’t you ask Jesus for His free gift of forgiveness and new life? Then ask Him to start changing you so you can live His successful and satisfying way He created you for.

Just Think a Minute...

Pobre (“Victory in Northern Luzon”) wrote: “ The surrender of t hous ands of Jap ane s e military officers and men to the Northern Luzon Filipino guerrillas in the latter’s advance command post at KM 90 is worth remembering. There, they were processed as prisoners of war, fed, medically checked and treated, sheltered, and taken care of prior to their evacuation to the USAFIP, NL headquarters in Darigayos, a barrio of the seaside town of Luna, La Union and eventual return to Japan.

“The sick, the infirm, and the like were brought down by trucks. Some 2,000 of the surrenderees certified to be strong and healthy by the Japanese military doctors themselves were made to walk the distance from KM 90 northward through Bessang and Cervantes, and then down west by Highway 4 to Suyo, Ilocos Sur. “From Suyo they were taken by trucks to Darigayos.

With food and rest stations strung along the way the wellbehaved marchers did what appeared to be something like a marathon of sorts under an atmosphere understandably more subdued than otherwise.

“They negotiated the stretch in record time with neither mishap nor untoward incident interfering, thanks to the equally well-behaved guerrillas who were assigned to escort them and secure their route, lest some “wise guys” on the sides did them harm.”

The behavior of the Filipino partisans was indeed

exceptionally commendable.

They gave no quarters and asked for none during actual combat. But they refused to kick their defenseless adve rs ar i e s once t he i r adversaries were already down.

But somebody had to answer for all the atrocities committe d against t he Filipinos. As soon as things settled down, General McArthur created a military commission which tried Yamashita and other topranking Japanese officers for war crimes. McArthur also ordered the extradition of General Masaharu Homma, Yamashita’s predecessor, to face charges related to the Bataan Death March.

The military commission – composed of 5 ranking US Generals – held marathon trials at the U.S. Resident Commissioners Office. On December 7, 1945, the fourth anniversary of the bombing of Pearl Harbor, the military commission handed a guilty verdict.

Yamashita’s case was subsequently brought up to the US Supreme Court. In denying the appeal, the US Supreme Court articulated what has come to be known as “The Yamashita Standard”.

Yamashita had claimed that he did not personally participate in or order the commission of the offenses charged. In fact, his order to Admiral Iwabuchi to abandon Manila was allegedly ignored by the latter. Had Iwabuchi obeyed said order, the Battle of Manila and the attendant Manila Massacre could have been avoided.

SPEAKING

O ut

Ignacio Bunye Iwabuchi was not around to either confirm or deny Yamashita’s claim. Iwabuchi committed suicide on February 26, 1945 at his headquarters upon learning that Intramuros had been overrun by Allied troops.

The Court described the heart of the charge as being “an unlawful breach of duty by (General Yamashita) as an army commander to control the operations of members of his command by ‘permitting them to commit the extensive and widespread atrocities.”

The Court held that General Yamashita was, by virtue of his position of Commander of the Japanese forces in the Philippines, under an “affirmative duty to take such measures as were within his p ower and appropriate in the circumstances to protect prisoners of war and the civilian population”.

Yamashita was executed by hanging on February 13, 1946. Homma was executed by firing squad on April 3, 1946.

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Mar Roxas still best LP bet in 2016

L Jhan Tiafau Hurst

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

IFE’S INSPIRATIONS: “…

Have confidence in your leaders and submit to their authority…” (Hebrews 13:17, the Holy Bible).

-ooo MAR ROXAS STILL BEST LP BET IN 2016: I am someone who sincerely believes that Secretary Mar Roxas is still the best, and most qualified, candidate for the presidency of the Liberal Party for the 2016 elections, given his educational qualifications, his vast experience in government, and his undoubted personal financial wealth.

Yes, he is lagging in surveys, and many people inexplicably do not seem to regard him as a good material as president of this country, but, the truth is that Mar Roxas is the kind of president this country sorely needs at this point. I am confident that, given the right media and public relations campaign highlighting his fitness and capability to become president, people can be made to vote for him.

And why would Mar Roxas be a good candidate for president of LP in 2016? First, it is clear that despite his long stint with different departments of government, from the

legislative to the executive, he and his family have not been directly or personally involved in any corrupt dealing, or in any government transaction tainted with graft.

-ooo MAR THOROUGHLY P R E PA R E D FOR PRESIDENCY: Sure, there have been talks about corruption among officials of the agencies he had the privilege of heading in the past, but it is clear the talks revolved only around those officials, not reaching Mar Roxas in any way. This is stupendous, as far as I am concerned, and could only indicate that Roxas did not have anything to do with those officials’ transactions.

Second, Mar is thoroughly prepared academically, particularly in the field of finance and economics. He took up his elementary and high school courses at the Ateneo De Manila University.

He then attended the Wharton School of Economics at the University of Pennsylvania, where he obtained a degree of economics in 1979.

Third, Mar is an accomplished politician.

At age 35, he became the representative of the first

district of Capiz. Showing his leadership capabilities, he easily became the majority leader of the House of Representatives.

In 2004, Roxas became senator, garnering 19 million votes, which was the highest ever garnered by any national candidate in any Philippine election.

-ooo MAR’S COMPETENCE ALREADY PROVEN: Fourth, Mar Roxas has already proven his competence with the laws he crafted, such as RA 8759 (which established an office in every town and city to help Filipinos look for jobs) and RA 7880 (which ensured fair distribution of education funds to help the youth of all provinces pursue their studies) and is credited for 43 bills and 46 resolutions in the 13th Congress, designed to fight smuggling, and support labor, education, economy and alternative energy.

Then, as secretary of trade and industry, he sought the development of town markets or the “palengke” of every town and city as the basic unit of the economy and the root of progress, pursuing not only consumer welfare and protection but also sound trade and investment policies.

K akampi

Mo A ng Batas

Atty. Batas Mauricio I can go on and on here, but my point is this: is there anyone else in the LP that could at least equal these achievements of Mar Roxas? With due respect, even with those who are now being considered as more popular than Mar cannot even approximate his least capabilities. Mar should be given a chance to prove himself now!

-ooo REACTIONS? Please call me at +63 917 984 24 68, +63 918 574 0193, +63 922 833 43 96, or Skype (batasmauricio), Viber (+63 918 574 0193) and Line (+63 917 984 24 68).

Email: batasmauricio@yahoo. com, melaniolazomauriciojr@ outlook.com, mmauriciojr111@ gmail.com.

-30-

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Feature

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NYC aims for 1M first time voters in 2016 The National Youth Commission [NYC] on Wednesday has launched its campaign for voters’ registration, aiming to hit the one million mark to accomplish the Commission on Elections [Comelec] target of 3 million new voters by 2016.

During the launch of ‘ROCK THE VOTE: Isang Milyong Boto, Kumilos para sa Pagbabago’ at UP Diliman in Quezon City, the youth agency has gathered youth stakeholders and various agencies for a nationwide registration drive. With NYC are Comelec, the Department of Education, Department of Social Welfare and Development,

YouthVotePhilippines, First Time Voters’ Network, Benita and Catalino Yap Foundation, Ignite – UP NCPAG and other stakeholders.

“We are optimistic with our target [of 1 million] as we work together with the youth stakeholders”, expressed NYC Chairperson Gio Tingson.

“Encouraging young people to register and vote is no longer just a responsibility of Comelec. Everybody has a role to play”, he added.

The youth commission also reported that registration is only the initial phase of ROCK THE VOTE. After October, the group will engage the

youth through voters’ education. “We believe that young people have the capacity of engaging the government and can be agents of change”, Tingson said.

In 2013, the Commission on Elections recorded almost 52 million voter registrants. Less than a year left before the May 2016 elections and 5 months before the deadline of voters’ registration, Rock The Vote is set to hold registration drives in cities and provinces nationwide. iRehistro is available for NCR and CAR. The deadline for voters’ registration, manual or otherwise, is on October 31, 2015.

“We are bringing this to schools and communities, thanks to our agency and youth partners”, NYC Commissioner JP Penol answered when asked of the next steps. “We are also distributing information materials to bridge the information gap with the youth”. iRehistro Aside from performances by rising musical artists like The Sun Manager, Carlos Castano, Ian Rondilla, Jason Hernandez and the Squibs, the launch also put up an iRehistro booth where first time voters were able to register. iRehistro is an online platform designed by Comelec for voters’ registration.

“We need to ensure that our young people are not disenfranchised from the electoral process”, said Tingson. “If we want democracy to work, we need more idealistic voters to determine the polls and we need to speak the language of the youth”, he concluded.

Senate relaxes rules on arms purchase The Senate today moved to amend Section 4 (B) of Republic Act No. 10349, known as the Armed Forces of the Philippines (AFP) Modernization Act, as amended, to expedite the purchase of weapons and equipment needed by the military.

Senator Antonio Trillanes IV, author and sponsor of Senate Bill No. 2269, said the proposed measure sought to relax the procurement process of military weapons and equipment and thereby hasten the implementation of the modernization act.

“The highly tedious, circuitous and complicated procurement process of the AFP thwarts the full implementation of the law,” he said.

Senate President Franklin M. Drilon said that the measure was part of the Senate’s efforts to improve the capabilities of the nation’s armed forces “by ensuring the speedy and efficient provision of military equipment and supplies so urgently needed by our fighting men and women.”

Trillanes said a provision in the AFP Modernization Act disallowed the purchase of major equipment or weapons system unless they were used by the armed forces in the country of origin or used by the armed forces of at least two countries.

He said the passage of SBN 2269 into law would amend the provision by allowing major equipment or weapons system to be purchased as long as the same were used by the armed forces in the country of origin or used by the armed forces of at least one country.

“It is hoped that by relaxing the requirement, the acquisition process of the AFP can be unclogged, if not expedited, thereby hastening the implementation of the law,” Trillanes said.

R.A.10349, or the Revised AFP Modernization Program was signed into law in 2012. This law was intended to extend the comprehensive efforts to modernize the armed forces for another 15 years and to introduce needed reforms.

Since then, Trillanes said, a total of 36 modernization projects worth P41.2 billion have been completed.

(Yvonne Almirañez, PRIB)

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CorporateWorld

Globe sees best day since 2013 on earnings surprise SHARES in Globe Telecom, Inc. posted their biggest oneday gain in nearly two years after the Philippines’ no. 2 telecommunications company said its earnings rose by a whopping 43% in the first quarter.

Globe said profit for the first three months went up to P4.2 billion from P2.9 billion in the same period last year, while service revenues rose 13% to P26.2 billion, according to its filing with the Philippine Stock Exchange on Friday.

RESULTS SURPRISE Glob e’s f irst-quar ter earnings results surprised the market that is still digesting PLDT’s flat profit growth data, two analysts said.

PLDT last week said profit growth was flat in the first quarter at P9.4 billion, as shrinking revenue from traditional voice and text services -- still its biggest moneymaker -- took the shine off gains made by its mobile Internet and broadband business.

Analysts said Globe is slowly gnawing at PLDT’s market share, with latest numbers indicating the Ayala-led telco’s strategy to grow its data business is working.

“Globe’s earnings came as a surprise,” Raul P. Ruiz, vice-president and research

head of RCBC Securities, said in a phone interview, noting that Globe’s bottom line is 6% higher than his expectation of P3.9 billion.

He noted the “striking c ont r a s t” b e t w e e n t h e performance of the Globe and its competitor PLDT and pointed out that “Globe is eating the market share of PLDT.” “It all started with the free Facebook promo. Since then, we have not seen PLDT recover the market share it lost to Globe,” Mr. Ruiz said.

“Globe added 5.5 million cellular subscribers in 2014 but PLDT lost 189,000 so most of the growth in subscribers went to Globe, increasing its market share from 35% to 40%.”

By the end of the first quarter, Globe grew its mobile subscriber base by an annual 13% to 46.1 million.

In contrast, PLDT cellular subscribers (postpaid and prepaid combined) shrank 1% to 69.6 million in the same period.

But Lexter L. Azurin, research head at Unicapital Securities, Inc., said in a separate phone interview: “I think it’s not really on gaining market share, it just shows that Globe’s marketing strategy paid off compared to PLDT.” globe/PAGE 11

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Toyota sales lead growth in GT Capital’s Q1 income G E O R G E Ty ’s To y o t a operations are providing handsome returns for his business empire.

In a disclosure to the Philippine Stock Exchange, Ty - o w n e d G T C ap i t a l Holdings Inc said it earned P2.8 billion in the January to March period, a 61 percent increase from the P1.7 billion in the same three months of last year.

Revenue rose 15 percent to P35.8 billion from P31.1 billion over the same period.

“GT Capital started 2015 by our component companies meeting expectations, with the high first quarter growth numbers attributed in part to a low base from the previous year,” GT Capital chairman Francisco C. Sebastian said.

“For t h e re m a i n i n g months of 2015, we believe that key sector developments, such as higher per capita income and the trickling down of growth resulting in the advent of progressive next wave cities, as well as the multiplier effects of next year’s national elections, will benefit GT Capital’s lines of business,” Sebastian said.

GT Capital’s automotive operations accounted for over three-fourths of the holding

firm’s revenue and grew by 17 percent year-on-year.

Ty owns Toyota Motor Philippines Corporation (TMP), which assembles and distributes the Japanese carmaker’s models in the country. TMP’s revenue rose 11 percent to P26.2 billion in the first quarter this year from P23.6 billion in the same period last year.

TMP in the first quarter sold 27,816 units, a 22 percent year-on-year growth that

gives it a commanding 39.2 percent share of the Philippine auto market B e si d e s automot ive, GT Capital has interests in banking, real estate, power and insurance. What follows is a discussion of these several businesses’ first quarter results: Banking Metropolitan Bank & Trust Company’s unaudited consolidated net income reached P5.1 billion in

the first quarter of 2015.

The bank attributes its p er for mance to st rong volume growth, increased contributions from feebased income, and tradingrelated activities, as well as better cost management. Net interest income increased to P11.7 billion on the back of double-digit year-on-year growth in volumes. Deposits increased 18 percent, to bring the bank’s total deposit base toyota/PAGE 19

Congratulations!

BusinessWeek MINDANAO “We Grow Minds”

2013 ppi’S Best in Business and Economic Reporting

BEST IN ENVIRONMENTAL REPORTING 2014 PPI Civic Journalism Community Press Awards

greetings from:

Hon. RUFUS RODRIGUEZ

Hon. MAXIMO RODRIGUEZ

BusinessWeek 10 8 MINDANAO

Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

monday|May 18, 2015

aArts rts&C &Culture ulture

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 Editor: Shaun Alejandrae Yap Uy

President Elpidio Quirino signs into law Republic Act. No. 521 making the Municipality of Cagayan de Misamis into the chartered city of Cagayan de Oro through the efforts of then CDO Congressman Emmanuel Pelaez and earlier, Congressman Pedro Baculio.

A Long Weekend to enjoy Himugso in Cagayan de Oro Balagtasan) and the city eliminations for the Department of Tourism’s Day,” said Eileen E. San Search for Singing Juan, committee chair Ambassadors. of the CTC Events and However, to make Marketing & Promotions the 65th Charter Day Committees. celebration especially “The word HIMUGSO memorable for residents also aptly refers to the birth and visitors alike, the CTC or emergence of Cagayan is negotiating with GAMA, de Oro City as a trailblazer the association of certified in good governance and tour guides to offer free progress as evidences by walking tours around the its recognition as one of city, and with the city’s four only nine Emerging Global museums for free entrance Cities of Tomorrow at the on June 15 (XU Museo de World Urban Forum (WUF) Oro, Cagayan de Oro City in Medellin, Colombia last Museum, CU Museum of May, 2104 by the United Three Cultures, Liceo de Nations Human Settlements Cagayan University La Program (UN-Habitat) and Castilla Lifestyle Museum). being twice cited as one of On top of the historical the Top 2 Most Competitive and heritage events, visitors Cities in the Philippines in to the city would also get the last two years by the the red carpet treatment to National Competitiveness enable them to enjoy the Council,” she said. long weekend with more Besides the traditional fun activities at affordable flag raising and wreath rates. laying on both dates, On June 15, the HIMUGSO will also Cagayan de Oro include cultural shows and Hotels and Restaurants the traditional serenata at Association (COHARA) the Kiosko Kagawasan launches the Sinuglaw where local and visiting Festival at the Limketkai artists used to entertain Mall Atrium. This is the people, the revival of the official launching the inter-barangay Balak event for Kumbira, the Competition (the Cebuano biggest culinary event counterpart of the Tagalog outside Manila, which is

by MIKE BAÑOS, Editor-at-Large

W

here else to go to during this upcoming long Independence Day weekend but Cagayan de Oro -- where an exciting festival celebrates the confluence of national and local holidays?

Dubbed “HIMUGSO: Birthing a Nation, Birthing a City, Birthing Tomorrow” the joint celebration of the Philippines Independence Day on June 12 and Cagayan de Oro’s Charter Day on June 15 has traditionally been marked with a series of events to celebrate the two dates in history.

However, for 2015, the Cagayan de Oro City Tourism Council recently approved a resolution recommending the city government dub the fourday period within the two celebrations as HIMUGSO. “The CTC has recommended the fourday period be dubbed HIMUGSO which is the Bisayan word for ‘birthing’ since it includes the June 12 Philippine Independence Day and June 15 Charter

traditionally held during the city fiesta month of August.

Spectators will be offered the chance to sample the various Sinuglaw recipes of the participating COHARA members during the launch.

“We are negotiating with the domestic carriers serving Laguindingan Airport to offer ‘seat sales’ with specific fly dates within the June 12 to June 15 period,” said Dorothy Jean B. Pabayo, CTC Chair. “Visitors who visit Cagayan de Oro on these dates would only have to show their airline tickets and/or boarding passes to access special accommodation rates in all COHARA member hotels and visitor discounts at all COHARA member

restaurants, additional discounts at the mall-wide weekend sales of all major malls, and special package tours and rates from the members of the Cagayan de Oro Travel and Tours Association (COTTA) and Oro Association of Rafters (OAR) offering the city’s famous white water rafting tours.”

Should we elicit a positive response for these initiatives from our visitors and private sector industry partners, we would consider extending a similar package of offerings for the two long weekends on August 21-23 and August 28-31 for the Cagayan de Oro City Fiesta Month dubbed “Higalaay Kagay-an” festival, Pabayo added.

On January 10-11, 1899, Cagayan de Misamis (the old name of Cagayan de Oro) celebrated independence by organizing the so-called Fiesta Nacional. The people held a parade, played music, made speeches and fired cannonades outside the Casa Real. For only the second time, Filipinos declared the Aguinaldo Republic in Mindanao and raised the Philippine Flag in this island.

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Best in Business and Economic Reporting

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DSWD pays half million to indigent senior citizens in Jasaan town MISAMIS ORIENTAL -- The D epar tment of Social Welfare and Development recently handed in a total of P580,500 to 387 indigent senior citizens in Jasaan this province as their social pension for the last three months.

The Social Pension program implemented by the DSWD is the national government’s response to the needs of the indgent senior citizens under Republic Act 9994.

At t y. A r a c e l i F. S olamillo, Regional Director of the DSWD, s ay s t h at i n d i g e nt senior citizens are paid a monthly stipend of P500 for their daily needs such as medicine and food among others.

“We believe that P500 is only very minimal as this has to do with our limited budget allocated for such prog ram,” Solamillo says, “yet DSWD is still working with the legislative body on increasing the budget for such program to either increase the amount or decrease its age coverage.”

Q u a l i f i e d beneficiaries for the social pension program are those senior citizens who are 65 years old and above, and who are also included in the Listahanan, also known as the National Household Targeting System of the DSWD, or those who do not have sources of income, and are not recipients of other pension programs.

Toyota... from page 7

to P1.2 trillion. Loans and receivables were up 19 percent to P743.8 billion, surpassing the industry’s 13.7 percent reported loan growth.

Power Global Business Power Corporation (GBPC) reported net fees of P3.9 billion for the first quarter of 2015 as compared to Php4.0 billion last year. GBPC’s net income for the first quarter of this year grew 21 percent to P272.3 million from P224.9 million during the same period in 2014.

Real estate Federal Land Inc’s first quarter 2015 reservation sales grew 32 percent to P4.3 billion from P3.2 billion last year. Real estate sales reached P1.5 billion. Rental income increased 11 percent to P195.5 million from P176.8 million. The property developer’s total revenues for the period amounted to P2.1 billion as compared to P2.3 billion last year. Net income was at P323.2 million from

P429.2 million in 2013.

Insurance AXA Philippines’ total sales in annualized premium equivalent from January to March this year reached P1.1 billion from P829.0 million in 2014, for a 36 percent growth, reflecting the stronger demand for investment linked insurance products, as well as the 21 p ercent incre as e in the company’s sales force.

Total premium revenues amounted to P5.6 billion, achieving a 62 percent rise from P3.5 billion last year.

AXA Philippines’ net income improved 52 percent yearon-year to P366 million, reflecting the corresponding growth in net gain from operations due to the higher revenues.

Charter Ping An Insu r anc e C or p or at i on reported gross premiums written of P828.9 million in the first quarter of 2015, slightly down from P840.9 million in 2014 on account of declining premium rates on property and motor businesses. The non-life insurance company’s net

income was at P44.3 million versus P55.0 million last year. This was mainly due to several medium-sized losses on the property line, which saw its overall loss ratio increase from 41 percent to 45 percent this year.

Toyota Financial Services Philippines Corporation (TFS), 40 percent of which was acquired by GT Capital in August 2014, posted a 32 percent rise in gross interest income, from P541.8 million in the first quarter of 2014 to P716.6 million this year. Net income of TFS during the period was P173.0 million from P102.7 million in 2014, resulting in a 69 percent rise.

Car dealership To y o t a M a n i l a B a y Corporation (TMB C) and Toyot a Cub ao Inc. (TCI) reported combined revenues of P4.1 billion f rom Januar y to March 2015, for an 11 percent increase from P3.7 billion in 2014. The combined net income of the two Toyota dealerships reached P25.1 million from P37.6 million last year.

9

The Importance of Communication in Leadership

By LEONORA S. ALINSUB School Head Kiam-is Elementary School

Being a leader involves a lot of duties and responsibilities to perform. It involves managing people and serving as trail for others to follow. It is a challenging role indeed.

Hence, a leader should be influential enough in order to be an effective one.

In order to be such as well, good communication skills is a requirement. It is a factor in leading members to pursue goals and end-target.

Communicating properly is a better way to delegate tasks easily and make each person know his specific job to perform. Being a good communicator is important because it makes the leader aware of the needs of his members. It is important to know their feedbacks and insights on a certain task to be perform. Through this, the leader could memorize

their personalities, making easier for him to provide task suitable to each and everyone in the future.

Communication is also a tunnel way to inspire others.

The leader could do this through talking to them and sharing his ideas, plans and realizations. In this way, he is not just a leader but also light to other people, to whom they could gain information and lessons.

This also makes him not just efficient but an effective leader.

Leadership is not just particularly about leading a group towards a common goal but as well shaking, changing or improving the perceptions and beliefs of the subordinates in order for them to learn, get inspired and be another good leader to a group or community.

10

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EXPERIENCE A NEW KIND OF BEST FROM HONOR Honor 6 Plus, 4X And 4C now available locally

L Honor 6+

Honor 4C

Honor 4x

KEY SPECIFICATIONS - HONOR 6+

Dimensions: 150.5 x 75.7 x 7.5 mm (5.93 x 2.98 x 0.30 in) Weight: 165 g (5.82 oz) Size: 5.5 inches (~73.2% screen-to-body ratio) Display: IPS LCD capacitive touchscreen, 16M colors Resolution: 1080 x 1920 pixels (~401 ppi pixel density) SIM: Dual SIM (Micro-SIM/Nano-SIM, dual stand-by,

dual call) Micro-SIM - PE-TL10 Platform Os: Android OS, v4.4.2 (KitKat) Chipset: HiSilicon Kirin 925 CPU: Quad-core 1.8 GHz Cortex-A15

& quad-core 1.3 GHz Cortex-A7 GPU: Mali-T628 MP4 Memory Card: microSD, up to 128 GB (uses SIM 2 slot) Internal: 32 GB, 3 GB RAM Camera: Primary: Dual 8 MP, 3264 x 2448 pixels, autofocus,

dual-LED flash Secondary 8 MP, 1080p@30fps Connectivity: WLAN Wi-Fi 802.11 a/b/g/n, dual-band, Wi-Fi Direct, hotspot Bluetooth: v4.0, A2DP, EDR, LE GPS: Yes, with A-GPS Battery: Non-removable Li-Po 3600 mAh battery

KEY SPECIFICATIONS - HONOR 4x Dimensions: 152.9 x 77.2 x 8.7 mm (6.02 x 3.04 x 0.34 in) Weight: 165 g Size: 5.5 inches (~70.6% screen-to-body ratio) Resolution: 720 x 1280 pixels (~267 ppi pixel density) Display: IPS LCD capacitive touchscreen, 16M colors SIM: Dual SIM 4G/LTE (Micro-SIM, dual stand-by) Platform: Android OS, v4.4.2 (KitKat) or Android OS,

v5.0 (Lollipop) Chipset: HiSilicon Kirin 620 CPU: Octa-core 1.2 GHz Cortex-A53 GPU: Mali-450 Memory Card: microSD, up to 32 GB Internal: 8 GB, 2 GB RAM Camera Primary: 13 MP, 4208 x 3120 pixels, autofocus, LED flash Secondary: 5 MP, 720p Connectivity: WLAN Wi-Fi 802.11 b/g/n, Wi-Fi Direct, hotspot Bluetooth: v4.0, A2DP GPS: Yes, with A-GPS, GLONASS USB: microUSB v2.0, USB Host Battery: Li-Po 3000 mAh battery

KEY SPECIFICATIONS - HONOR 4C Dimensions: 143.3 x 71.9 x 8.8 mm (5.64 x 2.83 x 0.35 in) Weight: 162 g (5.71 oz) Size: 5.0 inches (~66.9% screen-to-body ratio) Display: IPS LCD capacitive touchscreen,16M colors Resolution: 720 x 1280 pixels (~294 ppi pixel density) SIM: Dual SIM 3G(Micro-SIM, dual stand-by) Platform OS: Android v4.4.2 (KitKat) Chipset: HiSilicon Kirin 620 CPU: Octa-core 1.2 GHz Memory Card slot: MicroSD, up to 32 GB Internal: 8 GB, 2 GB RAM Camera: Primary 13 MP, 4208 x 3120 pixels, autofocus, LED flash Secondary 5 MP, 720p Connectivity: WLAN Wi-Fi 802.11 b/g/n, Wi-Fi Direct, hotspot Bluetooth: v4.0, A2DP, EDR GPS: Yes, with A-GPS, GLONASS USB: microUSB v2.0, USB Host Battery: Li-Ion 2550 mAh battery

iving up to its “For the Brave” identity, upstart brand Honor, takes aim at the top names in the industry as it launches the Honor 6 Plus, Honor 4X and Honor 4C. “We are very proud to bring to the local market three smartphones that respect the young digital Filipino. True to our “Honor” brand, these devices recognize the brave ones who can make bold decisions, go against the trend and know what they really want and need in a phone—highend specifications, usable features, and an honorable price, said Nino Carandang, Honor Business Unit Manager, during the launch event held May 12, 2015 in Makati.

color saturation making images appear clearer and more lifelike.

This excellent screen is protected by 3rd Generation Corning Gorilla Glass, which is three times stronger, and provides a superior and accurate touch experience.

The back of the Honor 6 plus is built even tougher with bullet-proof grade material, and a six layer composite, the bottom layer is made of fiberglass, (the most important material used in military helmets being both lightweight and strong).

HONOR 6 PLUS: FLAGSHIP EXPERIENCE WITHOUT THE HEFTY PRICE TAG The Honor 6 Plus is a bold new device for a new digital world. Boasting of improved power, speed, and a unique dual rear camera, the Honor 6 Plus is for the evolved consumer who is looking for a new kind of best—useable features and not just aesthetic gimmickry.

Compared to other 5.5” smartphones, the Honor 6 Plus has the biggest screen ratio at 78.2 percent, with only 2.8mm ultra-thin border, allowing you to better appreciate your photos and videos on its premium HD screen with 1080P resolution and 403 PPI (pixels per inch).

Utilizing a JDI IPS-NEO negative LCD screen, LTP (Low Temperature Poly Silicon), the Honor 6 Plus also has 30 percent better resolution than a regular IPS screen offering 1500:1 super high contrast, and an industry high of 85 percent

KING OF NIGHT PHOTOGRAPHY For those who want to take their mobile photography to the next level, the Honor 6 Plus is the first smartphone in the Honor series to feature a parallel dual-camera that offers the ability to first CAPTURE an image, then FOCUS on a key area, and then ADJUST the light exposure.

The Honor 6 Plus EagleEye Camera imitates the structure of an eagle eye with an optimized 2.5 image processor engine giving it the ability to capture excellent images. The Parallel dualcamera uses “Binocular Vision” data, to quickly calculate focus distance and capture image while the 3IE Algorithmic Engine imitates a brain, using “Depth Perception” to determine and record a detailed, in-depth photograph .

With the Honor 6 Plus’ upgraded low light shooting ability, say goodbye to blurred night images as the

Girls with the new Honor phones

The unboxing

Charles Wu (Country Manager of Huawei PH)

dual lens offers double the amount of light captured and double the light sensitivity of a single lens, reducing image noise and making night photos appear clearer, brighter, and in better detail.

Those who love to take selfies will also be able to capture better self-portraits, and “groufies” with an improved 8MP front-facing camera and panoramic portrait mode.

A beautiful 5.5 inch screen requires a capable battery that can last as long as you do that is why the Honor 6 Plus is packed with a 3,600 mAh battery, which means it can last more than 2 days with normal use and even longer with ultra-power saving mode.

Powered by the lightning fast Kirin 925 octa-core processor and 3GB RAM, the Honor 6 Plus can handle any application you throw at it from playing HD games and multitasking apps.

But despite its power, the Honor 6+ still runs at a cool temperature thanks to its graphite design.

“The Honor 6 Plus combines the visual appeal and concept of style with functionally and features found only in higher priced smart phones, says Carandang. It has been dubbed as the “flagship killer” and rightfully so because it can go head to head with any flagship device and surpass those that are priced even twice as much.”

“It even has Dual Card, Dual Usage, Dual 4G, which means you never have to carry two phones again. It is certainly for the mobile user who wants to cross boundaries and embrace the benefits of sharing things and ideas with each other,” he added.

HONOR 4X AND 4C: POWER UP AND FEATURE PACKED Accompanying the Honor 6 Plus, the brand also announced the release of its two mid-range devices the

Honor 4C and 4X. The Honor 4X provides great performance and great value with a 64-bit processor a 13MP primary camera, a 5MP front camera, dual-SIM technology, a long lasting battery and superfast wireless connectivity with 4G. The Honor 4X’s 64-bit 1.2 GHz Octa-core processor provides 40% better performance than other 32-bit handsets, providing you with more power to stay connected and do the things you love. The Honor 4X sports a 5.5” HD screen with 16 million colors that provide an excellent visual experience whether its playing games or watching movies.

With a battery life of up to 48-hours of battery life and up to 7 days in ultra power mode, the Honor 4X certainly can keep up even with the busiest schedule.

The Honor 4X likewise has a range of camera features to inspire you to take more beautiful photographs and with Ultra snapshot, off-screen photo mode, all-focus mode, map view and a camera that can take photos in 0.6 seconds, you’ll never miss an opportunity to capture those precious moments.

Finally, for those looking for an entry-level handset without the entry level specifications, there is the Honor 4C offering a 720p display, 13MP camera and an octa-core CPU. Do more on its 5-inch 720p display without the slowdown with the Honor 4C HiSilicon Kirin 620 SoC, 1.2GHz octa-core Cortex A53 CPU, 2GB RAM. It has an 8GB internal memory which can be expanded via microSD slot (up to 32GB). It runs on Android 4.4 KitKat and has the upgraded EMUI 3.0 for more personalization options.

The Honor 6 Plus priced at PhP 17,490.00. The Honor 4X and the 4C is now available at Php 8,290.00 and PhP 6,390.00 beginning May 12.

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Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

monday|May 18, 2015

Awards... from page 1

BusinessWeek Mindanao also bagged the distinction as 2013 Best in Business and Economic Reporting.

Davao City’s business newspaper Edge Davao has been chosen as the best edited daily newspaper and recipient of two other awards while Mindanao Cross of Cotabato City won as best edited weekly newspaper.

Edge Davao was cited for “allowing the readers to arrive with a stand, succeeded in manifesting the conviction of the community members while embodying transparency and excellence in delivering the news to the community.”

The Mindanao Cross was re cog nize d for its “remarkable approach of conveying concerns in a regional perspective while embodying excellence in writing and photojournalism which captures a substantial meaning of the situation of the community In the weekly category, Baguio Midland Courier won Best in Business and Economic Reporting and Best in Photojournalism while another Baguio-based weekly, the Baguio Chronicle, received the Best Editorial Page award. The B ohol Chronicle won for Best in Culture, Arts and History Reporting.

Edge Davao bested other finalists in three categories.

Aside from winning the Best Edited Paper, it also won Best in Environmental Reporting, and Best in Culture, Arts and History Reporting.

Another Davao-based daily, Sun.Star Davao, was awarded Best in Business and Economic Reporting while two other Cebu-based dailies, Sun.Star Cebu and Cebu Daily News, won Best Editorial Page and Best in Photojournalism respectively.

“Congratulations to all finalists and winners for living up to journalistic standards,” said PPI chairman-president Atty. Jesus G. Dureza.

According to a press release from the PPI, Dureza, former Press Seretary and now publisher of Mindanao Times in Davao City challenged publishers and editors to make newspapers a catalyst for change. “That is civic journalism. We engage communities. We build better communities.”

Winners received trophies and cash prizes while plaques of Merit were handed out to all 16 finalists from Luzon, Visayas and Mindanao. –with reports from MindaNews

Developing... from page 1

industry consultant.

T h e D e p a r t m e nt o f Energy (DoE) has identified more than 60,000 kilowatts (60 megawatts) of potential hydroelectric power plants in the Mt. Province. If de velop e d, t hes e cou ld produce around 230 million kilowatt-hours of electricity

per year.

“If these are developed by the local governments in partnership with the private sector, my estimate is that the hydro plants could generate at least one peso per kWh of income for the local governments or a total of around P230 million per year,” Engr. David Tauli told this paper in an interview.

Tauli, who has more than 30 years of experience with electricity distribution utility engineering and management and was once a vice chairman of the Cagayan Electric Power and Light C omp any ( C E PA LC O ) , conducted seminars for LGUs in the Mt. Province in 2013 and 2014 “to show them how they could develop the hydroelectric power potential in their respective municipalities in partnership with private cor p orations under the Feed-in-Tariff (FiT) scheme of the Renewable Energy Law of 2008.”

The Mt. Province has recently graduated as one of the poorest provinces in the Philippines. Gov. Leonard Mayaen said that he wants to tap all the hydropower potentials of the province for the benefit of his constituents.

“This is the Mt. Province, so we can have as many mini-hydro plants for as long as Hedcor is willing a n d t h e p e op l e i n t h e communities are willing,” he told this paper after the inauguration of the P1.8 billion 14 MW run-off river hydropower plant of Hedcor, Inc. in the municipality of Sabangan last week.

B a s e d o n H e d c o r ’s technical study, the Mt. Province has the capacity to produce a combined 200 MWs of “Cleanergy,” the AboitizPower’s brand of clean and renewable energy, Hedcor, Inc., President and Chief Operating Officer Rene Ronquillo told this paper.

Tauli, however, stressed that LGUs should not do it a l on e . L G Us s h ou l d partner with private corporations in developing the hydropower potentials of t he i r mu n i c ip a l it i e s through a build-operatetransfer (BOT) scheme.

“This is a feasible process of development in which the LGUs could earn the income stated earlier in the amount of one peso per kilowatt-hour of generation of the hydro plants,” he said, adding: “The main advantage of LGU involvement in the development pro cess is that hydro projects can be implemented faster and at lesser cost than if the projects were carried out purely by the private sector.”

The problem with this scheme, however, arises if the LGUs’ officials are corrupt.

“The main problem here is that the projects could be successfully implemented only if the LGUs are not corrupt and will not

divert to private pockets the funds to be used in project implementation as well as the earnings from the projects upon their completion,” he stressed.

If L G Us w i l l g o into developing their municipalities’ hydropower potentials, Tauli said that LGUs should also allocate amounts for environmental protection. “ The development of hydro resources can be done by local governments under the Renewable Energy Law of 2008. Environmental protection could be carried out by allocating part of the local government earnings from the hydro projects to reforestation and other environment-enhancing program,” he said.

Tauli said that during his seminars in the Mt. Province in 2013 and 2014, he pushed for LGUs to allocate P0.50 or more per kWh for the LGUs’ watershed de velopment program.

At pre s e nt , t h e l aw mandates that one-half centavo per kWh of generation of hydro projects be allocated for watershed development.

Peace... from page 1

view deck in Taganak in the Turtle Islands.

MinDA said the new ARMM projects are among the 40 that are being evaluated for possible endorsement to TIEZA. The agency has so far endorsed 12 projects this year.

MinDA Chair Luwalhati R. Antonino said the ARMM, like the rest of Mindanao, stands to b enef it f rom tourism with the coming of peace and the resulting change in perception among travelers.

“It is undeniable that peace is a precursor for growth and development, and that Mindanao could generate a much higher growth rate if lasting peace is achieved by the island-region and its people,” said Ms. Antonino, referring to the pending passage of the Bangsamoro Basic Law. A r m m G o v. M u j i v S. Hataman, in a recent statement, said the approval of the BBL will push the new Bangsamoro government to invest its “resources on development of areas long forgotten or ravaged by the war, on the education of children, on creation of jobs, on human development, among others.”

Under the proposed BBL, the new Bangsamoro area and regional government will replace the ARMM.

Scams... from page 2

any games of chance, lottery or raffle of such nature.

Thus, BSP is reminding the public to remain vigilant about these scams and other fraudulent schemes to avoid any financial loss or damage.

Globe... from page 7

“G l o b e f o c u s e d i t s business on broadband, and PLDT focused on several acquisitions,” he added.

Mobile data revenues jumped by 58% to P4.4 billion in the first three months, fueled by its Free Facebook and Free Viber campaigns.

Together with voice, total revenues from its mobile service business -which accounted for 77% of consolidated service revenues -- rose 10% to P20.3 billion.

For the broadband business, revenues increased by 31% to P3.7 billion.

“The sustained growth trajectory was due to the impressive gains across all business segments, the rapid customer base expansion of both mobile and broadband, the continued strong mobile data adoption and increasing smartphone penetration among its customers, and the introduction of innovative products and services most relevant to Globe subscribers,” Globe said in a statement.

RCBC’s Mr. Ruiz said the “stock price has adjusted enough to consider the surprise -- it is now fairly valued at this point.”

Ocean...

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DEED OF EXTRA JUDICIAL SETTLEMENT WITH SALE Notice is hereby given that the intestate estate of the late GENEROSO B. BANDALA, Sr. who died on September 25, 2010 at Cagayan de Oro City; left 1.)

A parcel of Land with TCT-No. T-17091, bearing Lot No. 2501A, PSD-10-10-021742, being a portion of Lot 2501, Pls-466, Plaridel Public Land Subdivision situated in Barangay Lao, Plaridel, Misamis Occidental, Island of Mindanao. Containing an area of Two Thousand Four Hundred Sixty Four ( 2,464) square meters, more or less, covered by Tax Declaration No. 10-0020-00317 in the name of Generoso B. Bandala. 2. ) A parcel of land known as Lot No. 2082-A. Containing an area of Three Hundred Twenty One (321) square meters, covered by Tax Declaration No. 242265 in the name of Generoso B. Bandala, is the subject of DEED OF EXTRA JUDICIAL SETTLEMENT WITH SALE under the notary public of Atty. Buenaventura E. Sagrado, As per Doc. No. 214; Page No.43; Book No. 86; Series of 2011.

BWM May 11, 18 & 25, 2015

880-5002. You can also visit their website at www. primaveraresidences.com.

COWD conducts feeding outreach in Kauswagan CAGAYAN DE ORO CITY Around 150 children coming from the different zones in Kauswagan, with ages ranging from two to10 years old, gathered at the barangay’s multi-purpose hall in the morning of May 1 for the feeding program sponsored by the Cagayan de Oro City Water District (COWD).

Dubbed as “Feed the Children” project in partnership with barangay Kausawagan, the activity aims to show support to the local’s month-long fiesta celebration.

COWD team holds information assistance, facilitated the registration and conducted the activity in

partnership with the barangay nutrition scholars (BNSs).

Aside from serving the children with nutritious food, they were also taught about the importance of water and how to use it wisely. Children were reminded to keep their bodies clean, to wash their hands properly, and maintain good hygiene to avoid diseases.

The feeding is part of COWD’s Serbisyo sa Barangay Program that forges partnership with the different barangays within its service area. Other various activities related to water conservation, environment and watershed protection, health and sanitation are also jointly conducted. (COWD/PIA 10)

0935-160-0668 HERMILINO VILLALON

22nd/31st Naza reth, Cagayan de O ro Cit y

from page 12

a s mu c h a s 3 2 % on overall energy consumption.

Daniel Alcazar and Aldwin Ranario, Primavera’s sales associates said that their experience was way beyond all worldly things could give, it is more to s av i n g w h at’s l e f t a n d planting more to save the environment.

“During the storm surge, these mangroves helped lessen the damage. Together, we can col le c t ively get resources and could help rebuild the city. Let’s all stand up and save our reefs,” Dael concluded.

To know more about

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Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region Branch 28 Mambajao, Camiguin IN THE MATTER OF THE PETITION FOR THE CANCELLATION OF CERTIFICATE OF LIVE BIRTH OF MARIA PAZ VALERIO LUMACANG IN THE OFFICE OF THE LOCAL CIVIL REGISTRY OF CATARMAN, CAMIGUIN, SPL. PROC. NO. 2015-491 LUZ VALERIO LUMACANG, Petitioner, - Versus – LOCAL CIVIL REGISTRAR OF CATARMAN, CAMIGUIN, Respondent.

X----------------------------------------------------/ ORDER Before the Court is the verified petition for the cancellation of the Certificate of Live Birth of Maria Paz Valerio Lumacang which was filed by Luz Valerio Lumacang on March 31, 2015.

The petition, being sufficient in form and substance, is set for initial hearing on June 22, 2015, at 2:00 p.m.

The petitioner is hereby directed to cause the publication of this Order once a week, for three (3) consecutive weeks, in a newspaper of general circulation in the province of Camiguin.

The petitioner is further directed to furnish the Office of the Solicitor General and the Office of the Local Civil Registrar of Catarman , Camiguin with a copy of the petition , including its annexes.

The Office of the Local Civil Registrar of Catarman, Camiguin and any person having or claiming any interest over the certificate of Live birth sought to be cancelled, may, within fifteen (15) days from notice of the petition, or from the last date of publication of such notice, file an opposition thereto.

SO ORDERED. Mambajao, Camiguin, April 14, 2015.

(Sgd) GIOVANNI ALFRED H. NAVARRO Acting Presiding Judge

BWM: May 11, 18 & 25, 2015

BusinessWeek MINDANAO “We Grow Minds” 2013 PPI’S BEST IN BUSINESS AND ECONOMIC REPORTING

MONDAY | MAY 18, 2015

editor: SHAUN ALEJANDRAE YAP UY

DISTRICT 3870 DISCON MAY 7-9, 2015 @ PRYCE PLAZA HOTEL

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PAF-TOG 10, CLENRO highlight importance of Mangroves

Italpinas joins Ocean Month Celebration L

ast Saturday, May 9, the Philippine Air Force-Tactical Operations Group 10, together with several groups in the city, led the mangrove planting activity in Zone 8, Bulua, CdO. Italpinas and other green advocates come together as they planted 5000 mangrove seedlings around the shoreline.

PAF-TOG 10 partnered with several groups namely SPOW EOD-K9, 8th ARCEN, 71st AFRG, CRSAFP, 4ID, PA, 10th

FAB, ACDI-CDO, FABSLAI, AFPMBAI, JCI Kagayhaan, DepEd, REACT, KAMAU 4H-Opol, CLENRO, and Bulua Barangay Council.

With the theme, “Stand Up Save the Reefs”, the Ocean Month Celebration paves the way to highlight the importance of mangroves in the city.

“This is part of rehabilitating our very own Iponan River.

Through planting mangroves around its vicinity, we can secure

food for our farmers and fisher folks. Mangroves are our aquatic life’s nursery. We are not just saving the ocean, we are saving lives,” Edwin Dael, CLENRO-OIC, said.

On October 11, 2014 and February 7, 2015, Italpinas joined CLENRO and PAF-TOG 10 in the same activity at the coastal area in Bonbon, CdO. It was supported by schools, green advocates and some residents in the said barangay.

“To be part of a sustainable development and joining the city’s

thrust to promote environmental advocacies is not just rewarding but also a testimony that Cagayan de Oro’s progress still goes hand in hand with nature. The mangrove planting activity was fun and fulfilling at the same time. Waking up early for a satisfying reason is truly worth it,” Gisselle Mantilla, ITPI Admin Officer, said.

Developed by Italpinas Euroasian Design and Ecodevelopment Corporation (ITPI), Primavera Residences has

been actively promoting green advocacies in the city and has won numerous local and international awards for its eco-friendly architecture.

Featuring the best principles of passive cooling technology: shadow and sunlight control, wind cooling and shape performance, the project has been cited as one of Asia’s top 10 clean energy projects because of its capacity to help residents save

OCEAN

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