BusinessWeek Mindanao (November 16-17, 2013)

Volume IV, No. 21

BusinessWeek MINDANAO

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Market Indicators As of 5:49 pm NOV. 15, 2013 (Friday)

FOREX

PHISIX

US$1 = P43.66

6,346.40 points

10 cents

X

X Briefly 18.52 points

Oplan Tabang MISAMIS Oriental -- The provincial government of Misamis Oriental launched on Wednesday “Operation Tabang (Help) Visayas” to provide free communication access to relatives in the Visayas.

Provincial administrator Edmundo Pacamalan, Jr. said that the provincial social welfare and development office (PSWDO) would establish a help desk at the provincial capitol to allow people to call their relatives in the Visayas region for free.

He said that the provincial government would also spearhead a fund raising campaign for the victims of typhoon Yolanda.

Amelia Andea, head of the PSWDO, said that, at the moment, the province of Misamis Oriental could not extend cash donations from its coffers since the meager calamity fund was spent for evacuees of typhoon Yolanda and Zoraida here.

Out of stocks DAVAO City -- Local stores are running low on stocks due to the high demand for relief goods being supplied to disaster-hit areas, particularly in the Visayas which was hard-hit by super typhoon “Yolanda” last week, the Department of Social Welfare and Development (DSWD) said Friday.

“Local stores run out of supply of stocks because our needs (supply requirement) are increasing,” DSWD 11 Regional Director Priscilla Razon said.

DSWD regional offices are mandated to augment assistance in times of extreme devastation inflicted by strong disasters in any part of the country.

Razon cited for instance the volume of sardines and rice supplies and other food packs which DSWD would purchase to meet its commitment for relief assistance in disaster-affected areas in Mindanao and elsewhere in the country, as needed.

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Exports seen as key in local job creation T

HE Department of Trade and IndustryBureau of Export Trade Promotion (DTI-BETP) consider the export industry as a key component of job creation in the country.

Small mining sites identified

By CARMELITO Q. FRANCISCO Correspondent

DAVAO City -- The Mines and Geosciences Bureau (MGB) has identified six sites in three Compostela Valley towns for small-scale mining under the government’s Minahang Bayan program.

T he s e s ite s , s ai d No el B. Angeles, head of the regional MGB office’s mine environment and safety division, are in the towns of Pantukan, Maragusan and Nabunturan.

The National Commission on Indigenous Peoples has already endorsed the sites to its central office. Each site will have about 20 hectares and will be mined by smallscale miners, who will be required to develop a plan Mining/PAGE 11

LABOR-INTENSIVE SECTOR. As the US begins to import Philippine bananas, industry players expect to employ more workers which bode well for Mindanao where plantations are mostly located.

BETP director Senen M. Perlada said exports generate job opportunities locally aside from its contribution to the gross domestic products (GDP) growth.

“It can be estimated that every percent increase in Philippine exports is accompanied by a 0.58 percent growth in gross domestic product (GDP) and every percent growth in GDP is accompanied by 157,000 jobs. That’s how important our exports are,” Perlada explained.

“Exports keep jobs at home,” he added.

Latest accounts from the National Statistics Office (NSO) showed that the September performance of

the export industry went up by 10.3 percent versus the exports earning for the month of August.

However, the NSO data also revealed the unstable growth of the export industry for the first nine months of the year.

On month-to-date basis, January export performance w e nt u p 1 . 0 1 p e r c e nt compared to December 2012; February exports decreased by 6.73 percent; March exports surged 15.72 percent; April exports slipped 6.65 percent; May exports increased anew to 18.67 percent; June export performance went down by 8.24 percent; July exports grew by 7.71; August exports exports/PAGE 11

BPOs consider Davao for backup

By CARMELITO Q. FRANCISCO Correspondent

DAVAO City -- Business process outsourcing (BPO) firms are looking at this city as a backup location in case of major disruptions by natural calamities.

Erriberto P. Barriga, Jr., executive vice-president of the Information and Communications Technology Association-Davao, said the city has b een identif ied as a go o d backup site for companies that need redundant infrastructure facilities.

“In this business, redundancy is recommended,” said Mr. Barriga, p oi nt i n g o ut t h at b u s i n e s s e s

operating in areas hit by disasters need operations continuity.

“The backup system can also function as an expansion whenever the operation of the main system needs to be augmented,” he said.

This would, however, depend on the efficiency of the communications systems under Manila-based firms.

The idea of Davao as a backup location, Mr. Barriga said, came about after two companies inquired if they could set up their expansion in the city after the earthquake that hit Cebu and Bohol last month. bpo/PAGE 11

CALL CENTER. Employees of a local business process outsourcing center work day and night in Cagayan de Oro City. Natural disasters have prompted business process outsourcing firms to consider expansion to other regions for backup and redundancy.

Mindanao Daily NEWS

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Economy

‘Yolanda’ not expected to greatly Processing time of business impact on PHL growth, inflation permits cut down in Tagum

MANILA -- A ranking central bank official does not see the impact of Typhoon Yolanda putting a big dent on the Philippines’ 2013 output.

Bangko S entral ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo,

in a briefing Friday, said the three affected regions namely Regions 7-9 accounts for

about 13 percent of gross domestic product (GDP).

He cited that with a 7.6 percent first half output, a n d t h e t h i rd qu a r t e r figure “within range based on leading indicators” he expects a “robust” domestic expansion for this year.

“I t h i n k i n ge n e r a l economic growth will still be doable within the range of six to seven percent percent

(for this year) but it’s difficult to quantify,” he said.

On Thurs d ay, Socioeconomic Planning Secretar y Arsenio M. Balisacan said Typhoon Yolanda has the capacity to reduce GDP by 0.3-0.8 percent.

Guinigundo declined to give any figures noting that the National Disaster Risk impact/PAGE 11

TAGUM CITY, Davao del Norte -- The city government of Tagum has cut down the processing of business permits to only 5 steps, the city information office said.

Businessmen who will renew their permits or those applying for new permits will already be spared of over a dozen procedural steps, the city information office added.

It said that Mayor Allan R el lon w ho p ers ona l ly super vised the strategic

Assistance to Soldiers’ Family Congressman Rufus B. Rodriguez together with other members of the House of Representatives contingent to the Commission on Appointments talk to various officials of the Armed Forces of the Philippines and the widow of one of the soldiers killed during the Zamboanga siege. During this meeting, Rep. Rodriguez and the other members of the Commission on Appointments gave P10,000 each in order to give financial assistance to the families of the soldiers killed. Also in the photo are Rep. Antonia A. Del Rosario and Rep. Roy M. Loyola.

planning during its annual bus i ne ss and pl an n i ng seminar of the Business Permits and Licensing Office said there is really a need to cut down on the steps to afford support investors and businessmen easy access to government service.

He said this is also in line with their campaign for an investment friendly city.

The steps to be adopted next year will first commence with the checking of requirements and assessment by the City Engineer’s Office (CEO), City Health Office (CHO) and Bureau of Fire and Protection (BFP), followed by a review of the assessment.

The third step covers E n c o d i n g , B i l l i n g an d Printing of Application Forms while the fourth step is the One-time Payment of Fees (License Fees, Cedula, BFP) Approval of Business Permit Application: Legal Office, Engineering, BFP, CHO, City Environment and Natural Resources (CENRO), Philippine National Police (PNP), City Planning and Development Office (CPDO) and Business Processing and Licensing Office (BPLO).

The last step is the printing and releasing of business permit.

Rellon said the cut down on the processing system permits/PAGE 11

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

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Higher real estate sales boost Filinvest’s profits HIGHER real estate sales bolstered the net income of Filinvest Land Inc (FLI) in the first nine months of the year.

In a disclosure to the Philippine Stock Exchange, the Gotianun-led property developer posted a net income of P2.44 billion for the January to September period, 22 percent higher than the P2.01 billion in the same nine months of last year.

Total revenues went up by 26 percent to P8.47 billion from P6.74 billion a year ago driven by higher real estate sales and rental income.

Real estate sales increased 30 percent to P6.974 billion from P5.36 billion in 2012,

SAN MIGUEL Pure Foods Company, Inc. on Thursday inaugurated a grain terminal in Batangas, a P2.5-billion investment that is expected to help it trim expenses.

The Golden Bay Grain Terminal, built in the last two years, can handle more than two million tons of grains annually, Florentino B. Policarpio, president of San Miguel Mills, Inc., said.

San Miguel Mills is a unit of Pure Foods, a subsidiary of conglomerate San Miguel Corp.

CorporateWorld

while rental revenues inched up 8 percent to P1.496 billion from P1.39 billion previously.

FLI attributed the sales performance to the rollout of new mid-rise buildings and house-and-lot projects in diverse locations, intensive marketing activities and attractive pricing.

Growth in rental revenues mainly came from rental income at Grand Cenia and higher occupancy in both mall and offices spaces.

Equity in net earnings from FLI’s 20 percent-owned affiliate, Filinvest Alabang Inc, the developer of the 244-hectare Filinvest City in Alabang, Muntinlupa amounted to P86 million at end-September.

Food firm sees savings from grain terminal

BusinessWeek MINDANAO

The terminal, which is now the receiving facility of Pure Foods’ grain imports, will consolidate incoming shipments, resulting in cheaper freight cost.

Before, grain imports of companies under Pure Foods were shipped to various commercial ports in the country.

“We are saving anywhere between 3-7% per ton, depending on market price,” Mr. Policarpio said. grains/PAGE 11

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Store expansion fuels jump in Puregold’s 3Q net income PUREGOLD Price Club Inc improved its profit by nearly half in the first nine months of the year anchored on its aggressive expansion drive.

In a regulatory filing, the Lucio Co-led grocery operator said it booked a consolidated net income of P869 million in the July to September period, 13 percent higher than the P769 million last year.

This brought the ninemonth tally to P2.46 billion, an increase of 46.5 percent from the P1.8 billion in 2012.

Net sales rose by 16 percent to P16.48 billion in the third quarter, pushing the total for the nine-month period by nearly a third to P51.49 billion from P39.14 billion a year ago.

“This was the result of the continuous strategic expansion of the group including major acquisitions in the previous year and in the first half of 2013,” Puregold said.

Same-store net sales growth slowed to 3.1 percent in the first nine months of the year from 7.7 percent in the same period in 2012.

In January, Puregold acquire d C omp any E, the operator of Eunilaine food marts and Grocer E Supermarts, for P330 million. A month after, it bagged regulatory approval to absorb 33 stores from Puregold Jr Supermarket and 19 Stores from Gant Group, the operator of Parco stores.

Puregold did not provide its total store count at endSeptember in its regulatory filing.

The company earlier upgraded its 2013 store opening commitment to 35. Last month, the retailer opened its 200th store, more than a year ahead of its 2015 target, through organic growth and acquisitions.

The grocery operator sees more opportunities to expand its retail footprint, committing to invest P3 billion a year in the next five years to launch at least 25 new Puregold stores annually.

For 2013, Puregold eyes consolidated net sales to climb by 30 percent from last year’s P57.47 billion.

DN BUTUAN JOINT VENTURE

JOB VACANCIES – For Local Recruitment 1. SALES ENGINEERS • Male/Female, not more than 35 years old • Preferably graduates of BS Civil Engineering/BS Architecture / BS Mechanical Engineering or any other Engineering related courses • With at least one (1) year experience in sales and marketing • With good communication skills 2. ESTIMATOR • Male / Female, not more than 35 years old • Must be a graduate of BS Civil Engineering or BS Architecture • Fresh graduates are welcome to apply 3. SALES COORDINATOR • Female, not more than 35 years old • College graduate, Preferably Marketing Related Courses • Fresh Graduate are welcome to apply • Computer Literate • Can work under pressure • With pleasing personality 4. SITE ENGINEERS • Male, not more than 35 years old • Must be a graduate of BS Civil Engineering or BS Architecture • Willing to be assigned in project site within the region • Fresh graduates are welcome to apply

5. MACHINE OPERATORS • Male, not more than 35 years old • At least High School/ Trade School graduate • With knowledge in plant production in a Manufacturing industry 6. WAREHOUSE/ INVENTORY CLERK

• Male, not more than 35 years old • Graduate of any business course • With knowledge in inventory 7. BENDERS/ HELPERS • Male, not more than 35 years old • At least High School graduate • Must be physically fit

8. ACCOUNTANT • Male/Female, not more than 35 years old • Graduate of BS Accountancy • Must be a Certified Public Accountant • With at least two (2) to three (3) years experience in General and Cost Accounting in a manufacturing industry • Adopt in preparation and analysis of financial statement • Well versed in local tax regulations and Proficient in understanding and Implementation of national internal revenue codes 9. ACCOUNTING CLERK • Male/Female, not more than 35 years old • Graduate of BS Accountancy • Fresh graduates are welcome to apply

Privilege Speech on Automotive Manufacturing Industry

Please submit application letter, comprehensive resume with 2x2 ID picture to:

Congressman Rufus B. Rodriguez delivers a privilege speech in the plenary of the House of Representatives in connection with automobile industry in the country. He is pushing for the passage of his bill protecting the local automotive manufacturing industry. He is also pushing for the passage of his bill on granting tax breaks on hybrid vehicles. With these bills, he hopes that our country will be the ones exporting automobiles to our neighbors instead of the Philippines importing from Thailand and Indonesia among others.

DN DISTRIBUTIONS CENTER, INC. DN DISTRIBUTIONS CENTER, INC. – CDO BRANCH – BUTUAN BRANCH HR Manager, Ralav Corp., 710 San Jose Sts., Butuan City email: ralav_corp@yahoo.com

MDN: Oct. 21-Nov. 20, 2013

Limbonhai Bldg., J. Pacana St. Licoan, Cagayan de Oro City Telephone No. (088) 855-3336 / (088) 855-3337 Fax No. (088) 231-4643 email: gbg_pmpi@yahoo.com

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Banking&Finance

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Relief promised for storm-hit banks PDIC processes depositors’ THE BANGKO Sentral ng Pilipinas (BSP) will provide regulatory relief to banks affected by typhoon Yolanda (international name: Haiyan), an official has said. “ Ty p i c a l l y, w e w i l l provide relief to banks in all areas declared to be under a state of calamity by the NDRRMC (National Disaster Risk Reduction and Management Council),” BSP Deputy Governor Nestor A. Espenilla, Jr. said.

“We’re just waiting for the official word. For sure, we will come up with the standard package that we normally give. But we’re also studying what additional measures we can give, because I think we all saw the extent of the devastation...,” Mr. Espenilla said at the sideline of the Rural Bankers’ Association of the Philippines’ annual symposium.

The official said the usual regulatory relief granted by the BSP to banks in areas hit by calamities includes the suspension of penalties for any legal reserves deficiencies and delays in submission of supervisory reports.

All affected banks may also provide financial assistance to officials and employees hit by the quake, even if it goes beyond the scope of their BSP-approved fringe benefit programs.

claims with Davao Sur bank

Typhoon victims line up for free rice at a businessman’s warehouse in Tacloban city, which was battered by Typhoon Yolanda.

Thrift, rural and cooperative banks may exclude the loans of hardhit borrowers from the computation of their past due ratios, provided these loans are restructured or given relief. Their general loan loss provision will be reduced to 1% from 5% for the restructured loans.

They will also be allowed to book an allowance for probable losses on a staggered basis for a maximum of five years, covering all types of loans.

Rediscounting banks’ obligations are likewise granted a grace period to

settle outstanding obligations with the BSP. STILL COUNTING COSTS Asked about the impact of the typhoon on the industry, Mr. Espenilla said the BSP is still assessing the situation.

“We’ve been monitoring the situation since over the weekend, but... in the Tacloban area, communication has been quite difficult. Even the banks themselves, they’re having problems contacting their people there,” he said.

“We’re still in the process of establishing information...

We’re trying to put together an operational report on the

status of banks affected.”

The regulator and the private sector are working to bring banking services back up in the hardest-hit areas.

THE Philippine Deposit Insur ance C or p orat i on (PDIC) announced that it will continue to receive and process deposit insurance claims from depositors of the closed Rural Bank of Hagonoy (Davao del Sur), Inc. The account holders need to go to the PDIC Claims Counter, 4 th Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino Street, Makati City. Claims may also be filed through mail.

The state deposit insurer has already concluded the onsite claims settlement operations for Rural Bank of Hagonoy last October 14, 2013.

PDIC sent notices of p ayment amount ing to P0.67 million involving 459 accounts with balances of P15,000 and below where the filing of claims is waived

by PDIC.

Meanwhile, PDIC paid 156 claims during the onsite claims settlement operations involving 145 accounts for a total amount of P7.46 million deposits.

As of October 14, 2013, PDIC has yet to receive deposit insurance claims for 470 accounts, or 76% out of 618 accounts that require the filing of claims. The total amount of deposits covered by these claims is P3.9 million.

When f iling dep osit insurance claims, depositors are advised to personally present their duly accomplished Claim Form, original evidence of deposit, and two (2) original valid photo-bearing IDs with signature of the depositor.

Depositors may also file their claims through mail and enclose the same set of document requirements. pdic/PAGE 11

Philippine Stock Exchange, Ayala Corp (AC) said its net income hit P10.4 billion in the January to September period from P8.7 billion in the same nine months of last year.

Excluding the impact of

the accelerated depreciation arising from Globe Telecom’s network upgrade, Ayala’s core net income went up at a faster pace of 32 percent to P12.3 billion at end-September from P9.3 billion a year ago. banking/PAGE 9

Banking, real estate businesses boost Ayala’s Jan-Sep profit THE Philippines’ oldest conglomerate today reported a 20 percent increase in profit in the first nine months of the year driven by the robust performance of its property and banking businesses.

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BPI, top ranking global bank in social media ratings

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Above the Law

T

THINK

hink a minute…Does a thief steal because he’s a A Minute thief? Or, is he a thief because

By Jhan Tiafau Hurst he steals? Studies show that over 80% of criminals who have been in prison and then freed after serving their time are back in prison for the same crime in less than 1 year! So back to our question: Does a thief steal because he’s a thief? Or, is he a thief because he steals?

The answer: he steals because he’s a thief. We do what we do because of what we are inside.

Jesus said that you and I can still be a murderer even if we don’t murder anyone. If we hate somebody and wouldn’t mind if someone else killed that person, then we also are a murderer in our heart. Jesus said that if we lust and desire to have sex with someone who’s not our wife or husband, then we’ve already committed adultery because in our heart we are an adulterer.

Jesus’ way of living is far above the law. It goes beyond just the minimum, small requirements of the law which simply try to keep society civil. But God did not create you and me just so we would not cheat or steal from our enemy.

He designed us to love our enemy. Jesus knows that if we truly love and care about a person, then we don’t need a law to keep us from cheating or stealing from them!

When you and I do something good to impress and look good in front of others, Jesus sees and judges our wrong heart and motives even for doing those good things. Jesus wants us to do them because we genuinely love Him and others, not for our own self-centered pride and good image in front of people.

You’re probably thinking: “If Jesus’ commands are that high above the law, then is anyone that good and perfect?!”

Of course not! No one is! That’s exactly why Jesus came: to finally change our heart and character inside. The law can only punish us for our crime, but it cannot change us on the inside. Jesus came to finally take the dishonest thief out of us, so to speak.

So why not ask Jesus to forgive you for your wrong heart Hurst/PAGE 10

The Brand BPI Team gamely poses to showcase the various recognitions BPI has received from PR, advertising, and financial award-giving bodies. From L-R: Malaya Del Rosario, Ma. Kathrina Tornea, Rita Canchela, Carmencita Gozar, Virginia Brocka, Gerauld Rivera, Marie Vargas, and Marivi Galisanao.

CONGRATULATIONS! BPI has been ranked 25th in The Financial Brand’s Overall Power 100 Social Media Rankings for Banks. The Power 100 Rankings break down the social media stats of retail banks worldwide on the three major platforms — Facebook, Twitter and YouTube —according to community size, engagement, and activity.

B

PI is the only bank in the Philippines that has made it in the SOCIAL MEDIA rankings, which include some of the top banks from around the world.

Topping the list is Chase (USA), followed by Capital One (USA) and ICICI Bank (India) in 2nd and 3rd respectively. Rounding up the Top 10 are the big US banks Bank of America (4th), Citi (7th), and Wells Fargo (10th).

BPI also ranked in 15 other lists in the Power 100 Rankings including Power 100 Social Media Rankings for Retail Financial Institutions, Most Liked Retail Financial Institutions on Facebook, Top 100 Banks on Twitter, and Most Watched Bank YouTube Channels.

The BPI Facebook fan page, which now has more than 273,000 fans, is enriched with practical tips on personal savings, budgeting, investments, and other financial topics. Last

year, BPI also launched BPI Bankers Online, a service that allows users to have private conversations with BPI Bankers who can provide expert advice so that customers and non-customers alike will never miss on financial wellness.

Now also available via mobile app, it features several bankers to whom users can pose questions to get tips on wise money management, growing their wealth, responsible borrowing, and other financial concerns. It even has bankers who cater to entrepreneurs and Overseas Filipinos.

BPI has also made it easier for customers to reach them for customer service concerns and inquiries through BPI Bankers Online’s connection to BPI’s Help Desk and its Twitter channel, @TalktoBPI. Anyone can tweet BPI their questions and BPI’s customer service team will respond to provide them

assistance. TalktoBPI now has more than 10,500 followers.

The Financial Brand’s citations are just the latest among several recognitions that BPI has garnered for its social media initiatives.

BPI on Facebook has also been recognized by both PR and financial awardgiving bodies. In the local scene, BPI was awarded at the Tambuli Awards and Anvil Awards for successfully establishing public access to expert financial advice. Internationally, BPI was awarded at the Banking and Payments Asia (BPA) Trailblazer Awards in Singapore for Channel Excellence in Social Media and at the International Association of Business Communicators (IABC) Gold Quill Awards in New York.

The Financial Brand is a leading online publication with the most comprehensive coverage of how financial institutions build and shape

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Be A Hero Like Andres Bonifacio

n November 30, Filipinos will mark the 150th birth anniversary of one of the Philippines’ most beloved heroes, Andres Bonifacio.

As the leader or “Supremo” of the Katipunan, Bonifacio is credited as the father of the biggest revolution to rid our nation of the imperialist yoke.

To celebrate this milestone, the Bangko Sentral ng Pilipinas (BSP) plans to come with a commemorative 10-Piso coin that will soon be available to the public.

Timed to coincide with his birthday on November 30, which is also a national holiday, the release of the commemorative coin intends to serve as a constant reminder of Bonifacio’s heroism and ideals.

On previous occasions, the BSP has come up with special editions of our currency to honor other personalities or to commemorate other important national milestones.

In 1999, a 50-Piso bill was released with a special overprint to commemorate the 50 years of central banking in the Philippines. Not too long ago as well, separate commemorative bills were produced to mark 400th anniversary of the University of Santo Tomas, the centennial anniversary of the University of the Philippines and the 75th anniversary of the Ateneo Law School, among others.

These commemorative coins and bills are circulation currency, meaning, they can be used for our daily needs to purchase goods and services. But many also keep a few of them as souvenirs.

It may be of interest to our readers that in 2008, the Bangko Sentral has come up with a special Centennial Commemorative Note. The note sets the record for Philipine legal tender in terms of amount (P100,000) and dimension 22 cm by 33 cm). Since only 1,000 pieces were printed, one can be sure that this Centennial note is a prize trophy among numismatists.

It must be noted that not all milestones of institutions can be featured in commemorative notes or coins. The BSP, through its Numismatic Committee, carefully studies which can be granted a coin design, overprint, or special denomination based on this criteria: 1) At least 50 years

N

Opinion

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SPEAKING

of existence in pursuit of the organization’s mission and O ut vision; 2) National significance

By Ignacio Bunye of the celebration; and 3) International Significance of the celebration.

It is the requesting party’s responsibility to prove that their milestone satisfies all three requirements above.

They shall also provide their suggested coin or overprint design and the desired number of banknotes to be printed or coins to be minted.

If the Committee, which is currently co-chaired by BSP Deputy Governors Diwa C. Guinigundo (Monetary Stability Sector) and Vicente S. Aquino (Resource Management Sector), finds merit in the request, they will recommend its approval to the Monetary Board (MB), the highest policy-making body in the BSP. If approved by the MB, BSP Governor Amado M. Tetangco Jr. formally seeks approval from President Benigno S. Aquino III for the issuance of the special currency.

Bonifacio’s 150th year birth anniversary coin will bear the hero’s image and the words “dangal” (dignity) and “kabayanihan”(patriotism).

Hopefully, when people get hold of it, it will inspire them to unleash the hero within them as well, especially at this time in our country.

Still recovering from the massive destruction caused by Super Typhoon Yolanda, the country needs all Filipinos to do their share in helping alleviate the suffering of our brothers and sisters in the Visayas.

Now more than ever, we need to display the heroism and patriotism of Andres Bonifacio.

Note: My book, Central Banking for Every Juan and Maria is now available in main branches of Fully Booked, Power Books, National Book Store, and University of the Philippines Press.

Truth, Justice and Charity

ow that we are into some disasters and calamities, it’s good to remind ourselves that God writes straight with crooked lines. We need to strengthen our faith, making deliberate acts of faith to avoid letting the pillars of our ultimate beliefs eroded by the many trials and difficulties we are and will be experiencing because of them.

God is all good, all wise, all merciful. He does not want to play tricks on us. He is not a hunter who likes to harass us and to strike us in our most vulnerable moments. He is a good father who understands us well, loves us no end, provides us with everything we need, and solves our problems in their final terms.

He even assumes the mess that we make due to our sinfulness, and converts them into our way of reconciliation.

His will and ways are actually simple and straightforward.

What makes them to appear crooked are our own natural limitations, personal weaknesses and our own sinfulness that tend to complicate what is actually simple.

The gospel gives us the basis for all these claims and beliefs. We are told to see and assess things more by faith rather than just our common sense and the power of our sciences and natural knowledge.

“You know how to interpret the appearance of the earth and the sky; why do you not know how to interpret the present time?” he said (Lk 12,56), somehow telling us that we should not just look at the externals and appearance of things, but rather into the internal and spiritual aspects, where the interplay of God’s providence and our correspondence takes place.

This is the challenge we have to tackle. We need to study the will and ways of God that actually are revealed to us with enough if not abundant clarity in spite of the mysteries that they also contain. Are we doing something about this challenge?

The faith broadens our mind and leads us to brace ourselves to the full range of reality that we live in, a reality that includes the natural and the supernatural, the material and the spiritual.

It’s the faith that sheds the proper and ultimate light to everything in our life, including not only the good things that happen to us, our victories and successes, but also the bad and sad things that spring not so much from our natural limitations as from the infranatural or sub-human frailties that arise from our sinfulness.

HINTS

It’s the faith that gives meaning and salvation to the and Traces suffering that we unavoidably

By Fr. Roy Cimagala will have in this life. In another part of the gospel, for example, we are told that whenever some calamities occur, one thing that we should remember as we go about tackling the consequences of such calamities is that we need to repent.

Our life here on earth can be described in many ways, most of them beautiful and of the feel-good type. But one realistic way of describing it is that it is also a life meant to elicit in us sentiments of repentance and conversion. That’s because of our sinfulness.

The pertinent gospel passage is the following: “Some people told Jesus about the Galileans whose blood Pilate had mingled with the blood of their sacrifices. He said to them in reply, ‘Do you think that because these Galileans suffered in this way they were greater sinners than all other Galileans?

“By no means! But I tell you, if you do not repent, you will all perish as they did!” (Lk. 13,1-3) May we not get lost in the drama provoked by the calamities and disasters that visit us from time to time, a drama that inevitably sparks off strong natural feelings of fear! We have to see the whole picture painted by our faith.

There we can see that God actually is conveying a beautiful message for us, a message we need to know and live.

That’s the reason why we have to pray always. Prayer, for us, should not just be an on-and-off affair. It should be like our breathing, our very heartbeat. It’s what connects us vitally with God, and enables us to see things the way God sees them.

We ought to remember that we actually cannot live without God. Thinking otherwise would lead us to some fantasy world that for sure cannot cope with all the fullness of the reality of our human life here on earth.

With prayer, we somehow can detect that God actually writes straight, but his writing may look crooked because of our limitations and sinfulness.

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Billboard

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

Honda launches the latest XRM bikes in Davao City

A

s the country’s number 1 motorcycle that is poised to stand out from manufacturer and distributor, Honda the crowd and be another top Philippines, Inc. is consistently providing selling model. motorcycles of the highest quality.

In every bike produced, Honda is committed to the highest goal of fulfilling every customer’s dream. And in the pursuit of realizing these Filipinos’ dreams, Honda has won the trust of customers –becoming Number 1, both in motorcycle industry sales and in the heart of Filipinos.

The Honda XRM Series has been unchallenged since it was first introduced as XRM110 in 2002.

In 2003, it was the first motorcycle in the Philippines equipped with Automatic Headlight On (AHO).

In 2004, it has already gained the number 1 position in terms of sales.

In 2005, HPI reached 1 millionth production unit with the XRM. In 2007, Honda Philippines, Inc. launched XRM125 – equipped with Euro2 compliant engine which is again the first in the Philippines.

In 2008, the No. 1 most trusted motorcycle model in the Philippines with its new stripes was introduced.

And then in 2010, giving the customers the power of choice, XRM trinity with 3 model variants – the Dual Sport, the Off road model and the Motard were launched.

Filipinos love for the XRM is just unmatched.

This bike already reached 1.2 million units sales since its introduction in 2002.

Specifically designed and developed for Philippine road conditions, Honda XRM is and will always be the country’s On/Off under-bone motorcycle king.

Hond a X R M is ju st unstoppable. This bike is made to challenge the extremes – from the paved roads of Metro Cities to the toughest terrains of Luzon, Visayas a nd Mi nd a nao country roads.

All these can be negotiated by this powerful, rugged yet easy to ride bike.

Tough, powerf ul and sporty, the Honda XRM is also the most modified model in the country-- making it the

bike with the most available accessories in the market.

From the country’s no.

1 motorcycle brand, Honda launches another innovation in ingenuity with the new Honda XRM125.

This bike is now equipped with the face of the worldfamous CRF Series motorbikes – a fusion of toughness, powerful agility and style!

SPECS HIGHLIGHTS This powerful, highly economical, environmentfriendly and durable bike comes with 3 variants – the XRM125 Dual Sport which is the peoples’ bike, the XRM125 Motard which is a sleek ride for urban riders and the special edition XRM125 Dual Sport Extreme (DSX) which is designed to go beyond.

All bikes are developed and designed with CRF DNA that will surely give Honda’s valued customer the real joy of riding both on/off road condition.

The built-to-last feature of XRM is now upgraded to CRF characteristics that will provide customers with years of trouble free, low maintenance and riding enjoyment.

Now, attention focus on the new headlight and front fender, which project the dynamic off-road look of Honda’s most popular CRF machine.

The frame provides a low seat height and easy to reach ground that is appealing to Filipino riders. The broad comfor t able seat offers ample room for two. The handle bar is ergonomically designed for safety On/Off road manoeuver.

Br a k i ng dut ies for X R M125 Dual Spor t is handled by wide front disk brake while for Motard and Dual Sport Extreme is a combination of rear and front disk brakes. Tyres are rugged, dual purpose treads designed to provide an easy comfortable ride on both roads.

Tot al packagi ng and combination is so dynamic

INTRODUCTORY PRICE Introductory price for the new XRM125 is Php 64,500 for Dual Sports Model, Php 69,800 for Motard and Php 67,900 for Dual Sports Extreme. The new Honda XRM125 is readily available at all Honda 3S Shops Nationwide.

WIDER CHOICE Fr om X R M125 t h at suits the Filipino lifestyle, to XR125L that is ready to step-up for the next challenge, to CRF250L that conquers g reater heig hts, Hond a Philippines, Inc. has now sealed the Philippines’ On/Off road bike line-up. Thus, we give the Filipinos the freedom to choose.

CUSTOMER SERVICE SUPPORT To prov ide t he best ow nership for X R M125 variants, customers will be able to enjoy HPI’s 3 year wa r rant y and the most affordable Php25 Tune-up service available only at Honda 3S dealers nationwide.

Honda launches the latest XRM bikes in Davao City—Honda Philippines, Inc. (HPI), the country’s leading brand of top-quality motorcycles for personal and commercial use, launched the Honda XRM125, the country’s No. 1 under bone bike from the popular Honda XRM series, in this metropolitan city in Mindanao. Tagged as an “On and Off” bike, it is an “exciting motorcycle where you can go anywhere, do anything by riding the country’s number 1 Honda XRM125 and own every road.”

At present, Honda has already sold more than 1.2 million units of this impressive motorcycle nationwide. But what makes the launch of the Honda XRM 125 in Davao truly significant is the fact that out of the 1.2 million units, 70% came from the Visayas-Mindanao area, making the region as the best contributor to Honda’s total sales of the XRM125. In photo are the officials from Honda Philippines, Inc., led by (L-R) Mr. Jules Cruz, Marketing Head; Mr. Ely Salamangkit, New Model Manager; Mr. Dennis Restor, Motorcycle Sales Manager; Mr. Kaisei Yamashita, Assistant Vice President for Sales and Marketing; Mr. Yasushi Okamoto, President and General Manager; Ms. Ma. Beth Alejandro, Assistant Vice President for Finance and IT Division; Mr. Cesar Mugas, Mindanao Motorcycle Sales Manager and Mr. Sonny Escorpion, Visayas Motorcycle Sales Manager of HPI.

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november 16-17, 2013

Banking... from page 4

The expansion was “driven by its real estate and b an k ing units, t he steady performance of its water business, and the sust aine d improvement in profitability of its international businesses,” the conglomerate said.

Bank of the Philippine Islands (BPI) contributed nearly half of equity earnings, which grew by more than a quarter to P13.9 billion at end-September.

“Overall, we are pleased that all our key business units are able to sustain their strong earnings growth trajectory,” AC president and chief operating officer Fernando Zobel de Ayala said.

“The economy continues to support much of this momentum with both consumer and business confidence largely upbeat.

This has, in turn, allowed our business units to continue to expand aggressively in their respective sectors and tap new customers particularly in underserved

markets,” he said.

AC reiterated its c o m m i t m e nt t o i nv e s t in the countr y’s growth prospects by supporting infrastructure projects. “ This is par tic ularly c r it i c a l i n l i g ht of t h e massive destruction caused by the recent earthquakes in Cebu and Bohol as well as super typhoon Yolanda.

The Ayala group has been engaged in relief and rehabilitation efforts at various levels across its business units,” Zobel said.

The conglomerate has been one of the most active participants in the government’s Public-Private Partnership (PPP) Program.

AC won the bid for the Daang Hari-South Luzon E x pre s s w ay C on n e c t or Road Project in December 2011.

Ayala has businesses in real estate development, banking and f i nanc i a l s e r v i c e s , telecommunications, water distribution, automotive dealerships, electronics manufacturing services, business process outsourcing, among others.

Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region Branch 16, Tangub City IN THE MATTER OF THE CORRECTION OF ENTRY IN THE CERTIFICATE OF SP. PROC: TC-2013-002 HER YEAR OF BIRTH FROM “1972” TO “1973” NILDA S. PEDRITA-JARALBA,

Petitioner, -versusTHE CITY CIVIL REGISTRAR OF TANGUB CITY

Respondent X-------------------------------------------/ NOTICE OF HEARING WHEREAS, after alleging certain facts in a verified petition filed on September 18, 2013, petitioner prayed that after notice, publication and hearing, an order be issued directing the Local Civil Registrar of Tangub City, to make the following corrections in her record of birth to wit: 1. The entry on Petitioner’s year of birth on Entry No. 3 which indicates “1972” should be corrected to “1973” 2. The entry on Petitioner’s Date of Birth on Entry No. 45 which indicates petitioner’s birth as “180172” should be corrected to “180173”; and 3. The year of birth indicated on the Affidavid of Delayed Registration of Birth on Page 2 of petitioner’s Certificate of Live Birth which the last two digits were superimposed with a handwriten entry of 72 thus showing petitioner year of birth as “1972” should be corrected to “1973”.

WHEREFORE, finding the petition to be in due form and substance, the hearing of the same is hereby set on November 29, 2013 at 8:30 o’clock in the morning, at the Session Hall of this Court at which date, time, and place, any person may appear and show cause why said petition should not be granted.

The Sheriff of this Court is hereby ordered to post copies of this Notice in threee (3) conspicuous public places, preferably in the Bulletin Board of this Court, the City hall of Tangub City and the Barangay Hall of Caniangan, Tangub City.

Moreover, let a copy of this petition and notice be published once a week for three (3) consecutive weeks in a newspaper of general circulation in the province of Misamis Occidental, all at the expense of the petitioner, for the information and guidance of all concerned. Also, let a copy of this petition and notice be furnished the petitioner, the Office of the Solicitor General, and the City Civil Registrar of Tangub City. Any person having or claiming any interest under the entry whose correction is sought may, within fifteen (15) days from notice of this petition, or from the last date of publication of such notice, filed his opposition thereto.

WITNESS, the Honorable SYLVIA A. SINGIDAS-MACHACON. Presiding Judge, this 23rd day of September 2013.

(Sgd.) FULGENCIA G. ABELLANA

OIC – Clerk of Court BWM: Nov. 9, 16 & 23, 2013

9

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Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region Branch 16, Tangub City OFFICE OF THE CLERK OF COURT AND EX-FFICIO SHERIFF NOTICE OF EXTRA-JUDICIAL SALE EJF-2013-007 Upon extra-judicial petition for sale under Act 3135 as amended

by Act 4118 filed by LUPEL MARKETING CORPORATION, C/O Atty. Andres V. Fernandes, OZAMIZ CITY, against Florencio Santos, Angelina, Buena, Porferia, Ruem, Ami, Naida, Purita and Radie and surnamed Bagaboyboy to satisfy the mortgage indebtedness which as of March 14, 2012 amounts to Two Million Two Hundred Eleven Thousand Five Hundred Twenty One Pesos and Seventy Four Centavos Only (Php 2,211,521.74) excluding interest, attorneys fees, and other lawful fees for the service of foreclosure, the undersigned Sheriff will sell at public auction on December 17, 2013 at 10:00 o’clock in the morning or soon thereafter at the office of the Clerk of Court, Regional Trial Court, Br. 16, Tangub City, to the highest bidder in cash, Philippine Currency the herein mortgage properties to wit: TAX DECLARATION NO. 16599 A parcel of cocoland known as Lot No. 774-parts, situaated at Marcos, Tangub City. Bounded on the North by Brgy. 031; on the East by Labuyo creek ; on the South by Lot No. 001 and on the West by Brgy. 013. Containing an of 7.0000 square meters more or less.

TAX DECLARATION NO. 18406 A parcel of cocoland known as Lot No. 774-A-8, situated at Aquino, Tangub City. Bounded on the North by road; on the East

by Creek; on the South by Lot No. 027 and on the West by Lot No. 028. Containing an area of 1.7089 square meters more or less.

TAX DECLARATION NO. 18405 A parcel of cocoland known as Lot No. 774-A-9 situated at Aquino, Tangub City. Bounded on the North by Lot No. 024; on the Eas by Lot No. 004; on the South by school road and on the West by Lot No. 035. Containing an area of 1.6416 square meters more or less.

TAX DECLARATION NO. 18412 A parcel of cocoland known as Lot No. 774-A-3, situated at Aquino, Tangub City. Bounded on the North by Lot No. 031; on the East by creek; on the South by Lot No. 033 and on the West by Lot No. 02-002. Containing an area of 1,7089 square meters more or less.

TAX DECLARATION NO. 18407 A parcel of cocoland known as Lot No. 774-A-7, sutuated at Aquino, Tangub City. Bounded on the North by Lot No. 026; on the East by Creek; on the South by Lot No. 029 and on the West

by Lot No. 028. Containing an area of 1.7089 square meters more or less.

TAX DECLARATION NO. 18408 A parcel of cocoland known as Lot No. 774-A-10, situated at Aquino, Tangub City. Bounded on the North by Lot No. 007, road; on the East by Lot Nos. 026,027,029; on the South by Lot No. 02-002; and on the West by raod. Containing an area of 1.1457 square meters more or less.

TAX DECLARATION NO. 18404 A parcel of cocoland known as Lot No. 774-A-11, situated at Aquino Tangub City. Bounded on the North by national road; on the East by road; on the South Lot No. 02, 001; and on the West by Lot No. 774-T. Containing an area of 5632 square meters more or less.

TAX DECLARATION NO. 18413 A parcel of Cocoland known as Lot No. 774-A-2, situated at Aquino, Tangub City. Bounded on the North by Lot No. 032; on the East by creek; on the South by Lot No. 02-018 and on the West by Lot No. 02-002. Containing an area of 1.7089 square meters more or less.

TAX DECLARATION NO. 18410 A parcel of cocoland known as Lot No. 774-A-5, situated at Aquino, Tanugb City. Bounded on the North by Lot No. 029; on the East by creek; on the South by Lot No. 031; and on the West by Lot No. 02-002. Containing an area of 1.7089 square meters more or less.

TAX DECLARATION No. 18409 A parcel of cocoland known as Lot No. 774-A-6, situated at Aquino, Tangub City. Bounded on the North by Lot No. 027; on the East by creek; on the South by Lot No. 030 and on the West by Lot Nbo. 028. Containing an area of 1.7089 square meters more or less.

All sealed bids must be submitted to the undersigned on the above stated time, date and place of auction sale.

In the event that the public auction should not take place on said date or there is noly one bidder, it shall be held on December 20, 2013 at the same time & place without further notice.

Bidders are enjoined to investigate for themselves any encumbrance on the herein properties if any there be.

October 17, 2013, at Tangub City, Philippines.

FOR THE EX-OFFICIO SHERIFF:

By: (Sgd.) WILLIAM C. ARANIEGO

Sheriff IV BWM: Nov. 16, 23 & 30, 2013

Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region OFFICE OF THE CLERK OF COURT Medina, Misamis Oriental -oOoHDMF (PAG – IBIG Fund) as rep, EJF FILE NO: 353-M by it’s Branch Manager,

mortgagee, FOR: -versus- Extrajudicial Foreclosure of Real Estate Mortgage Under Act 3135, As Amended by Act 4118 BRUCE JOHN L. OGA

mortgagor.

X--------------------------------------------/

SHERIFF’S NOTICE OF EXTRA JUDICIAL SALE

Upon extrajudicial petition for sale under Act 3135, as amended by act 4118, filed by the HDMF (PAG-IBIG FUND) as rep. by it’s Branch Manager, mortgagee, against BRUCE JOHN L. OGA, mortgagor, with residence and postal address at Poblacion Makilala, North Cotabato City to satisfy the indebtedness of the mortgagor to the former in the amount of EIGHT HUNDRED THIRTY THOUSAND NINE HUNDRED SIXTY FIVE PESOS & 68/100 (P830, 965. 68) Philippine Currency, including interest due, penalties and other charges excluding 10% attorney’s fees and other liquidated damages as of July 12, 2013, plus all other expenses incurred in connection with this petition and sale, the undersigned RTC-OCC Sheriff’s sell at Public Auction On December 12, 2013 at 10:00 o’clock in the morning or soon thereafter at the Hall of Justice, RTC-OCC, Medina, Misamis Oriental to the highest bidder for cash and in Philippine currency, the following property with all improvements thereof to wit: TRANSFER CERTIFICATE OF TITLE NO. T-56855 A PARCEL OF LAND, and all improvements thereon with Lot No. 352-A, PSD- 10-051994 being a portion of Lot 352, CAD-703, Cagayan Cadastre situated in the Barrio of Mantangale, Municipality of Balingoan, Province of Misamis Oriental, Island of Mindanao.

Boundaries:

W., along line 1-2 by lot 352-B;

N., along line 2-3 by lot 352- D;

SE., along line 3-4 by lot 352- C;

along line 4-5 by lot 352-D all of Psd-10-051994

S., along lines 5-6-1 by National (30.00 m. wide)

Beginning from point marked “1” on plan being N., 89 deg., 56’E., 867.16 m. from BLLM NO. 1, Cad- 703, Balingoan Cadastre Thence: 1-2 N., 02 deg. 06’W., 45.52m; 2-3 S., 85 deg. 22’E., 34.46m; 3-4 S.,11 deg. 10’W., 22.86M;

4-5 S., 11 deg. 09’W., 21.35m; 5-6 N., 85 deg. 23’W.,10.49m; 6-1 S., 89 deg. 16’W., 13.66m;

Containing an Area of ONE THOUSAND TWO HUNDRED NINETY EIGHT (1, 298) Square meters more or less.

In the event of failure of bidding or auction sale cannot take place for whatever reason, the same will proceed on the following working day, without further notice, posting and publication.

Prospective bidders/ buyers may investigate for themselves the title and tax declaration herein above described and encumbrances thereon, if any there be.

Medina, Misamis Oriental, October 24, 2013.

(Sgd.) MICHAEL J. MONTEJO

RTC-OCC, SHERIFF IV BWM: Nov. 2, 9 & 16, 2013

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november 16-17, 2013 Republic of the Philippines

Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region BRANCH 28 Mambajao, Camiguin

Republic of the Philippines PROVINCE OF BUKIDNON PROVINCE OF BUKIDNON Malaybalay City Republic of the Philippines Malaybalay City PROVINCE OF BUKIDNON

OFFICE OF THE PROVINCIAL GOVERNOR Malaybalay City

OFFICEBids OF THE GOVERNOR and PROVINCIAL Awards Committee Bids Committee OFFICE OFand THEAwards PROVINCIAL GOVERNOR BID BidsINVITATION and Awards TO Committee

1.

IN RE: PETITION FOR ASSISTANCE IN THE LIQUIDATION OF MAMBAJAO COMMUNITY RURAL BANK ( Camiguin ), INC.,

ITB NO. CW – TO 2013-062 INVITATION BID TO BID The Provincial Government of Bukidnon, through the –General Fund intends to apply the sum of the: ITBINVITATION NO. CW 2013-062

1.

ITB NO. CW – 2013-062

The ProvincialUnit Government of Bukidnon, through the General FundABC intends to apply the Duration the: Qty. of of Project 1.

The Provincial Government ofName Bukidnon, through the General Fund intends to applysum the of sum of the:

SPL. PROC. NO. 472

Qty.

1

1

Issue contract

Name of Project

Completion of Provincial Detention andof Rehabilitation Completion Provincial Center (PDRC), Phase II at Detention and Rehabilitation Natid-asan, Casisang, Center (PDRC), Phase II at Malaybalay City Natid-asan, Casisang,

P 7,511,161.12

ABC

Duration 68.00 Calendar Days

P 7,511,161.12

68.00 Calendar Days

Malaybalay City

PHILIPPINE DEPOSIT INSURANCE CORP. (PDIC) Petitioners, x-----------------------------------------/

Issue Unit of contract

2.

2.

Bids received in excess of the ABC shall be automatically rejected at bid opening.

received in excess of the be automatically rejected at opening. bid opening.

BidsBids received in excess of the ABCABC shallshall be automatically rejected at bid The Provincial Government of Bukidnon now invites bids for:

2.

Provincial Government of Bukidnon invites TheThe Provincial Government of Bukidnon nownow invites bidsbids for: for: Item No.

Item No. 1 1 SPL-1 SPL-1 1032 1032 SPL-2 SPL-2 22 802 802 SPL-1 SPL-1 803 803 SPL-2 SPL-2 900 900 SPL-3 SPL-3 3 3 803 803 SPL-1 SPL-1 900 900 SPL-2 1003 SPL-2 SPL-3 1003 SPL-4 SPL-3 SPL-5 SPL-4 4 SPL-5 803 4 SPL-1 803 900 SPL-1 SPL-2 900 1003 SPL-2 1013 1032 1003 SPL-3 1013 1032 5 SPL-3

ORDER Finding the petition sufficient in form and substance and the denial of the opposition thereto to have attained finality, the Court sets this case for hearing on February 10, 2014 at 2:00 in the afternoon.

At the expense of the Philippine Deposit Insurance Corporation, let copy of this order be posted in three (3) public places and published once in a newspaper of general circulation in the province of Camiguin.

The creditors who may have claims against the assets of Mambajao Community Rural Bank ( MACOMRU ) are directed to file their respective claims with the petitioner, PDIC, within ninety ( 90 ) days from the date of publication of this Order.

SO ORDERED. Mambajao, Camiguin, September 30, 2013.

(Sgd.) JEOFFRE W. ACEBIDO

Acting Presiding Judge

1003 1032 5 6 1003 SPL-1 1032 900 6 1003 SPL-1 SPL-2 7 900 803 1003 SPL-1 SPL-2 900 7 1003 803 SPL-2 SPL-1 8 900 803 1003 900 SPL-2 1003 8 SPL-1 1013 803 SPL-2 900 SPL-3 1003 1032 SPL-1 SPL-4 1013 9 SPL-2 802 SPL-3 105 1032 201 SPL-4 10 9 803 802 1711 11 105 SPL-1 201

BWM: Nov. 16, 2013

3.

Description

Description Improvement of Main Cell

Improvement of Main Cell Steel Works Works Steel Painting Works Works Painting Replacement of of Shower Shower Head Head Replacement Improvement of Main Area Improvement Excavation Excavation Spreading Spreading and and Reshaping Reshaping Structure Structure Excavation Excavation Gravel Blanket Gravel Blanket Concrete Works Concrete Works Improvement of Gate Improvement of Gate Construction of Secondary Fence Construction of Secondary Fence Structure Excavation Structure Backfill Excavation Structure Structure Backfill Reinforced Concrete Reinforced Concrete Masonry Works Carpentry Works Masonry Works Barbwire Carpentry Works Demolition Barbwire Steel Gate Demolition Construction of 2 Units Tower House Steel Gate Structure Excavation Construction of 2 Units Tower House Structure Backfill Structure Excavation Reinforced Concrete Structure Backfill Structural Steel Works ReinforcedWorks Concrete Carpentry Structural Steel Works Corrugated Metal Roofing Painting Works Carpentry Works Electrical Works Corrugated Metal Roofing

Quantity

Quantity

Structure Backfill Reinforce Concrete

Construction of Kitchen Extension and Additional Pugon

Structure Excavation Carpentry Works Reinforced Concrete Structural Works Steel Transfer Carpentry Construction of Kitchen Structural Steel WorksExtension and Additional Pugon Corrugated Metal Roofing Structure Excavation Bricks Works Reinforced Concrete Auxillary CarpentryWorks Works Painting Works Structural Steel Works Electrical Works Corrugated Metal Roofing Improvement of Roads and Parking Area Bricks Works Excavation Auxillary Works Sub-grade Preparation Painting Works Aggregate Base Coarse Electrical Works Construction of Slope Protection Improvement of Roads and Parking Area Structure Excavation Excavation Stone Masonry Electrical Sub-gradeWorks Preparation Electrical AggregateWorks Base Coarse

Unit

16.000 16.000 9.000 9.000 48.000 48.000

units units gals. gals. pcs. pcs.

4,020.280 4,020.280 2.000 2.000 2.220 2.220 9.197 9.197 14.106 14.106 3.000 3.000

cu.m. cu.m. days days cu.m. cu.m. cu.m. cu.m. cu.m. cu.m. units units

137.040

cu.m.

137.040 102.000 102.000 55.656 55.656 354.640 1,500.000 354.640 13,525.000 1,500.000 0.504 13,525.000 5.040 0.504 5.040

cu.m. cu.m. cu.m. cu.m. cu.m. sq.m. bd.ft. sq.m. kls. bd.ft. cu.m. kls. sq.m. cu.m. sq.m.

5.376 2.752 3.908 82.000 2.752 920.100 82.000 16.740 29.500 920.100 2.000 16.740 29.500 2.000

cu.m. cu.m. cu.m. pcs. cu.m. bd.ft. pcs. sq.m. gals. bd.ft.

Lot sq.m. gals.

Lot

12,852.000 1.000 410.000 2.880

bd.ft.

Lot gals. cu.m.

500.000 1.000 244.720

bd.ft.

Lot sq.m.

2.880 8.064 500.000 5.860 244.720

cu.m. cu.m. bd.ft. cu.m. sq.m.

5.860 4.128 2.748 1,380.000 6.038 3.000 320.000

cu.m.

Unit cu.m. cu.m. cu.m. bd.ft. cu.m.

Unit bd.ft.

45.000 26.000 2.748 1,725.000 6.038 1.000 320.000 19.000 45.000 1.000

pcs.

Sheets cu.m. pcs. cu.m. set bd.ft. gals. pcs. lot

5.376 3.908

Painting Works

Fabrication of Triple Bunk Bed (252 Units) Electrical Works Carpentry Works Painting Works Fabrication of Triple Bunk Bed (252 Units) Replacement of Barbwire Fence to Concrete Fence Carpentry Works Demolition Painting Works Reinforced Concrete Replacement of Barbwire Fence to Concrete Fence Carpentry Works Demolition Masonry Works Transfer of Concrete 3 Units Tower House Reinforced Structure CarpentryExcavation Works Structure Backfill Masonry Works Reinforce Concrete Transfer of 3 Units Tower House Carpentry Works Structure Excavation Structural Steel Transfer

Unit

12,852.000 410.000

4.128 1,380.000 8.064 3.000

26.000 1,725.000 19.200 1.000 2,020.00 19.000 505.000 1.000 108.670 19.200 236.298

2,020.00 1.000 505.000

cu.m. cu.m.

bd.ft. gals.

cu.m. bd.ft.

Sheets pcs. cu.m. set sq.m. gals. cu.m. lot cu.m.

cu.m. cu.m. sq.m. lot cu.m.

10 Construction of Slope Protection Bidders should have completed, within one (1) year from the date of submission and receipt of bids, a 803 Structure Excavation 108.670 cu.m. contract similar to the Project. The description of an eligible bidder is contained in the Bidding 1711 Stone Masonry 236.298 cu.m.

Documents, particularly, in Section II. Instruction to Bidders (ITB).

11 Electrical Works SPL-1 will Electrical Works through open competitive bidding procedures using 1.000non-discretionary lot Bidding be conducted pass/fail criterion as specified in the Implementing Rules and Regulations (IRR) of Republic Act (RA Bidders should have completed, within one (1) year fromthe thedate date submissionand andreceipt receiptofofbids, bids,aa 9184), otherwise known as the “Government Procurement Reform Act”.

Bidders should have completed, within one (1) year from ofofsubmission

contract to the Project.

The description of an eligible bidder isbidder contained in the Bidding Documents, contractsimilar similar to the Project.

The description of an eligible is contained in the Bidding Bidding is restricted citizens/sole proprietorships, partnerships, or organizations with at least particularly, inparticularly, SectiontoII.Filipino Instruction toInstruction Bidders (ITB).

Documents, in Section II. to Bidders (ITB). seventy five (75%) interest or outstanding capital stock belonging to citizens of the Philippines.

3. Bidding will be conducted through open competitive bidding procedures using non-discretionary pass/ 3. Bidding will beasconducted open competitive bidding procedures non-discretionary fail criterion specified inthrough the Implementing ofusing Republic ActMalaybalay (RA 9184), 4.

Interested bidders may obtain further informationRules fromand BACRegulations Secretariat,(IRR) Provincial Capitol, pass/fail criterion as specified in the Implementing Rules and Regulations (IRR) of Republic Act (RA otherwise known as the “Government Procurement Reform Act”.the address City, Bukidnon and inspect the Bidding Documents at given below from 9184), otherwise known the “Government Procurement Reform Act”.

November Bidding is toas Filipino citizens/sole proprietorships, partnerships, or organizations with at least 8,restricted 2013 – December 3, 2013. seventy five (75%) interest or outstanding capital stock belonging to citizens of the Philippines.

Bidding is restricted tomay Filipino citizens/sole proprietorships, partnerships, or organizations with at least 5. 4.

A complete setbidders of Bidding Documents may be purchased interested Bidders from the address Interested obtain further information frombyBAC Secretariat, Provincial Capitol, Malaybalay seventy five (75%) interest oraoutstanding to citizens of thefrom Philippines. below upon payment of non-refundable feestock in the amount of Pgiven 10,000.00.

City,and Bukidnon and inspect the Bidding capital Documents atbelonging the address below November 8, 2013 – December 3, 2013.

4. Interested bidders may obtain further information from BAC Secretariat, Provincial Capitol, Malaybalay 5. A complete set of Bidding Documents may be purchased by interested Bidders from the address City, Bukidnon and inspect the Bidding Documents at the address given below from below and upon payment of a non-refundable fee in the amount of P 10,000.00.

November 8, 2013 – December 3, 2013.

It may be downloaded to the website of the Procuring entity (www.Bukidnon.Gov.Ph), provided that shall pay theBidding fee forDocuments the Biddingmay Documents not later than the submission of their 5. bidders A complete set of be purchased by interested Bidders from the bids. address 6. below Theand Provincial Government of Bukidnon willfee hold a Pre-bid Conference on November 19, 9:30 a.m. at upon payment of a non-refundable in the amount of P 10,000.00.

BAC Conference Room, Provincial Capitol, Malaybalay City, Bukidnon, which shall be open to all interested parties.

7. Bids must be delivered to the address below on or before December 3, 2013, 9:30 a.m. at BAC Conference Room, Provincial Capitol, Malaybalay City, Bukidnon. All bids must be accompanied by a bid security in any of the acceptable forms and in the amount stated in ITB Clause 18.

Bids will be opened on December 3, 2013, 10:00 a.m. in the presence of the bidder’s representatives who choose to attend at the address below. Late bids shall not be accepted .

8. The Provincial Government of Bukidnon reserves the right to accept or reject any bid, to annul the bidding process, and to reject all bids at any time prior to contract award, without thereby incurring any liability to the affected bidder or bidders.

9. For further information, please refer to:

Engr. Charito G. Yulo Engr. Jose Pastor P. de la Cerna Head, BAC Secretariat BAC Secretariat/ Section Head (Civil Works) Provincial Capitol, Malaybalay City, Bukidnon Provincial Capitol, Malaybalay City, Bukidnon Fax No. - 088-813-2141 Fax No. - 088-813-2141 Tel. No. - 088-221-3114 Tel No. - 088-221-3114

SALVACION C. DEDICATORIA

PPDC/PHRMO-OIC

BAC Chairman BWM Nov. 16, 2013

BusinessWeek MINDANAO

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

YOUR LOCAL ONLINE BUSINESS PAPER

november 16-17, 2013

Mining...

from page 1 and organize themselves into a cooperative.

The Minahang Bayan program is provided for in the People’s Small-Scale Mining Act of 1991 (Republic Act No. 7076), identifying sites “suitable for small-scale mining, subject to review by the Secretary [of the Department of Environment and Natural Resources], immediately giving priority to areas already occupied and actively mined by small-scale miners.”

These mining sites should not be under forest reservations and must not have been declared “tourist or marine reserves [or] parks and wildlife reservations, unless their status is withdrawn by a competent authority.”

It is not known whether any of the six sites is within a mining tenement held by St. Augustine Gold and Copper Ltd., but the company earlier said it would work with smallscale miners so its project could proceed.

Clyde Gillespie, country director of the US-based Toronto Stock Exchange - listed company, said St. Augustine is prepared to invest $10 million in making sure small-scale miners operating within its tenement will have a better life.

The company has partnered with Nationwide Development Corp. on the 1,620-hectare mining reservation in Kingking, Pantukan as the two companies agreed to start operating in 2017.

In dealing with the smallscale miners, Mr. Gillespie said the miners can work for the company, join skills training for other forms of livelihood, or mine a village mining site that the MGB would identify for them.

Based on the assessment by St. Augustine, there are about 3,000 small scale miners in the area.

BPO...

from page 1 The Institute of Development and Econometric Analysis, a private group housed at the University of the Philippines -- Diliman campus, showed in a study that only 35% of companies it surveyed have disaster recovery plans. What was worse, the study showed, was that only 10% of these companies have business recovery and continuity process.

The same study identified Davao City as among those facing moderate disasterrelated risk.

Despite the recent entry here of big BPO companies su ch a s C onve rg y s and Teleperformance, the city still has vast spaces to accommodate other locators.

Mr. Barriga noted that a new information technology park is being set up in the southern part of this metropolis. Based on the project plan, the new park could accommodate about 1,500 seats.

But, Mr. Barriga said it may eventually run out of space as two more companies, which he did not identify, have indicated they plan to locate in it.

T h e c it y w a s e ar l i e r identified by the Business Process Association of the

Philippines as among the best locations for BPO operation.

What made Davao ideal, BPAP said last year, was its low cost in doing business, with better conditions for employees due to low standard of living and availability of numerous outdoor recreation facilities.

Exports...

from page 1 had a negative growth of 5.28; and as said a 10.13 percent growth for September.

Thus, DTI has been taking actions in strengthening the local export industry to augment the increasing unemployment rate in the country.

One of these programs is the information sessions dubbed as Doing Business in Free Trade Areas (DBFTA) to educate stakeholders regarding the benefits of FTA. “We want to maximize the benefits of FTAs to Philippine exporters,” said Perlada.

T h e d e p a r t m e nt h a s also funded P700 million to shared service facility (SSF) project that aims to alleviate the performance of micro, small and medium enterprises (MSMEs) in order for them to participate in export activities.

(PNA)

Impact...

from page 2 Reduction and Management Council (NDRRMC) is still gathering reports from the ground.

He stressed that the last quarter of the year “will be affected to some degree” but noted that this will generally be for the three affected regions.

“What will be material in the reckoning of GDP is the impact on economic activity,” he said.

The central bank official, however, pointed out that the negative impact will be offset by the large-scale demand for reconstruction both from the public and the private sectors.

Relatively, Guinigundo does not see a big uptick on inflation as a result of Typhoon Yolanda.

He said the uptick would generally be contained in the affected areas and this will be “manageable.”

He said impact on inflation of price increases from the three regions will be about 15.8 percent vis-à-vis the national level of consumer basket.

He, on the other hand, said that since rate of price increases in the first 10 months is below the government’s three to five percent target at 2.8 percent any uptick in the inflation rate will not exceed the target but instead will be “close to the lower end of the target.

Similarly, debt watcher Moody’s Investors Service said the super typhoon will definitely have an impact on the affected areas but will not impact on the country’s longterm growth.

“Nor do we expect it to undermine ongoing improvements in the sovereign’s credit quality, such as highertrend growth and fiscal and debt consolidation,” it said.

Moody’s expects a seven p e rc e nt g row t h for t h e Philippines this year.

“The fiscal effect of relief and reconstruction efforts is likely to be less muted, but the government has ample

11

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fiscal space to accommodate additional spending,” it added.

Also, HSBC, in research note penned by economist Trinh Nguyen, said impact of the typhoon in the country’s over-all expansion will be limited since Easter Visayas, for one, accounts to only about two percent of GDP. It, on the other hand, sees a “drastic” impact ``in inflation in the near term.

“We expect inflation to accelerate going into 2014 but it should remain manageable and stay within the central bank’s three-five percent target,” it added. (PNA)

Permits...

from page 2 t ar ge t s t h e i s s u an c e t o applicants of the final print of the business permit after few hours of processing.p>The License Office headed by Ms. Noeme Evelyn Y. Cacayorin, who also heads the manning and augmentation for the processing of business permits, assured the safety and fast processing of business permits that take of January 1 to January 20, 2014. (PNA)

Grain...

from page 3 San Miguel Mills and San Miguel Foods, Inc. import a combined one million tons of grains -- such as wheat and soybean -- every year.

To further maximize the terminal, Mr. Policarpio said the facility could also be used by other firms.

“We really intend it to be used by other companies as well,” he said.

San Miguel Foods President Maria Rita B. Palabyab, speaking to reporters on the sidelines of the same event, said that while freight cost is “less than 5%” of Pure Foods’ total cost and expenses, “it is still significant.”

Pure Foods booked a net income of P4.32 billion last year, slightly up by 2.61% from P4.21 billion in 2011. Revenues rose 6.92% to P95.79 billion from P89.59 billion, while cost of sales increased 6.17% to P77.95 billion from P73.42 billion.

In the nine months to S e p t e m b e r, n e t i n c o m e

attributable to equity holders of the parent company fell 6% to P2.75 billion from P2.92 billion, according to briefing materials from San Miguel. This, despite net sales improving 3% to P71.41 billion from P69.35 billion in the same comparative periods.

PDIC...

from page 4 Depositors who are below 18 years old should submit either a photocopy of their Birth Certificate issued by the National Statistics Office (NSO) or a duly certified copy issued by the Local Civil Registrar as an additional requirement.

Claimants who are not the signatories in the bank records are required to submit an original copy of a notarized Special Power of Attorney (SPA). In the case of a minor depositor, the SPA must be executed by the parent.

The procedures and requirements for filing deposit insurance claims are posted in the PDIC website,www.pdic. gov.ph. The Claim Form and format of the Special Power of Attorney may also be downloaded from the PDIC website.

In accordance with the provisions of the PDIC Charter, the last day for filing deposit insurance claims in the closed Rural Bank of Hagonoy is on September 21, 2015. After the said date, PDIC, as Deposit Insurer, shall no longer accept any deposit insurance claim.

For more information, depositors may contact the Public Assistance Department at telephone numbers (02) 841-4630 to 31, or e-mail at pad@pdic.gov.ph. Depositors outside Metro Manila may call the PDIC Toll Free Hotline at 1-800-1-888-PDIC (7342).

(PNA)

Hurst...

from page 6 and way of living right now?

Ask Him to start changing you inside into a new person. It’s only with His character and nature in charge of your heart, that you can finally enjoy the freedom of living above the law for the rest of your life.

Just Think a Minute…

BusinessWeek MINDANAO

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YOUR LOCAL ONLINE BUSINESS PAPER

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november 16-17, 2013

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