Page 1


Tuesday - November 19, 2013

BusinessWeek MINDANAO



Market Indicators

As of 6:12 pm Nov. 18, 2013 (Monday)



US$1 = P43.57

6,343.25 points

9 cents


3.15 points


Briefly Water rate hike THE Cagayan de Oro Water District (COWD) caution its concessionaires for an expected rise on their water bills starting next month, following the imposition of the pending water rates adjustments which was approved by the Local Water Utilities Administration (LWUA) in June, 2011. LWUA Re so lu t i o n N o. 8 4 approved an additional 30 percent hike in water rates which will be implemented on a staggered basis, starting with 10 percent this month, until it reaches to 30 percent by middle of next year. COWD General Manager, Engr. Rachel M. Beja, said the initial increase will cover mainly for the operations cost and inflation rate, while the remaining 20 percent will be used by COWD for major infrastructure projects like the nonrevenue water reduction measures. “Our water system is really old having been there for 40 years, with no major rehabilitation except during typhoon Sendong, the fund assistance augmented the rehabilitation of our production facilities.” Beja noted.

Davao’s P5.1B budget DAVAO City -- The Davao City Council is set to discuss on the committee level the proposed P5.1-billion budget of the city government for 2014. Speaking at the Kapehan sa Davao Monday, Councilor Danilo Dayanghirang, chair of the finance committee, said bulk of the budget is earmarked for local government of Davao’s operations including personnel services and development and social services at P4.1 billion. This budgetar y allocation constitutes development funds for infrastructure that includes drainage, water systems, and electrification. A huge P500-million fund is set aside for debt servicing that entails loans from the Land Bank of the Philippines for the city’s drainage projects and equipment acquisition.


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Delayed by ‘Yolanda’,

Filinvest’s One Oasis ground breaks in CdO A

FTER its scheduled groundbreaking on November 8 was hastily called off due to the oncoming super-typhoon Yolanda, Cagayan de Oro’s first resortthemed mid-rise condominium finally breaks ground today (Nov. 19) at Rosario Avenue Limketkai Complex, the city’s main business hub.

‘One Oasis’ as viewed from outside the gate entrance.

WB okays $500M aid to rehab storm-hit areas THE World Bank Group said it is extending $500 million in financing and sending a team of disaster experts to the Philippines to help in the recovery and reconst r uct ion of a reas devastated by Ty phoon ‘Yolanda’ on November 8. In a statement released on Monday, the Washingtonbased lender said the it is mobilizing the fund, which is still being finalized, in rehab/PAGE B11

The P2-billion project re s t s on a 2 .7 he c t a re property, with Building 1 of the five building AsianBalinese inspired resortthemed complex slated for complet ion by t he f irst quarter of 2015. Mayor Oscar S. Moreno and his wife Arlene, honorary

chair of the Cagayan de Oro City Tourism Board, have been invited to break ground for One Oasis Cagayan de Oro along with Ms. Josephine Gotianun Yap, FLI President and CEO, and Tristan L. Las Marias, FLI First Vice President for VisMin cluster. filinvest/PAGE B12

Lipata port at its busiest as M’nao sends aid to Visayas By ERWIN MASCARIÑAS MindaNews

SURIGAO City -- The once sleepy seaport terminal in Barangay Lipata here is pulsating with activity after hundreds of vehicles carrying relief goods and workers to Yolanda-devastated areas in the Visayas forced it to operate at full capacity. Francisco Suriaga Jr., aid/PAGE B11

F ROM M I N DANAO W I T H L OV E . A b u s f r o m t h e province of Maguindanao is loaded to the ferry, back f i rs t, a t t he Li pa ta po r t terminal in Surigao City, as part of the humanitarian effort to help survivors of supe r t yphoon Yolanda in Guiuan, Eastern Samar. mindanews photo by

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Baldoz urges workers devastated by Yolanda to register with PESOs Told to avail of DOLE’s 100 Nov-Dec jobs fair opportunities

MANILA -- Labor and Employment Secretary Rosalinda Dimapilis-Baldoz has encouraged workers who have evacuated their communities because of Typhoon Yolanda to register with Public Employment Services Offices (PESOs) in places where they have relocated so they can be prioritized for vacant jobs.

The Department of Interior and Local Government (DILG), Department of Public Works and Highways (DPWH), and other government agencies continue to work for the effective and efficient relief and rehabilitation in Tacloban City. (PNA photo courtesy by Office of the Presidential Spokesperson)

NorCot electric cooperative sends linemen to Tacloban, Eastern Samar KIDAPAWAN CITY -- The North Cotabato Electric Cooperative, Inc.(Cotelco) is sending Monday a team of linemen to help restore electricity in Eastern Samar and Tacloban City. Vincent Baguio, speaking for Cotelco, said the team will help the Eastern Samar Electric Cooperative in bringing electricity in Samar communities which after 11

days remained unenergized due to difficulty in reaching affected areas. Baguio said the Cotelco team is composed of 10 members who will form part of the over-all composite team sent by the Association of Ph i l ip pi ne E l e c t r ic Cooperatives (APEC) with the mandate and support of the National Electric Administration (NEA).

Bag uio said t hat t he team from COTELCO will be bringing 35-footer and 70-footer posts in big hauler trucks for the installation of a 69KV power line in Tacloban which is expected to bring back electricity in the city. He said the team from Cotelco left Sunday morning and expected to start working by Monday dawn. sends/PAGE B10

MANILA -- Private economists surveyed by the central bank in the third quarter this year project lower inflation rate for this year and next year due to well-behaved global commodity prices. Result of the survey done last September showed an average inflation forecast for this year of 2.9 percent, down from the 3.1 percent in the survey down in the previous

quarter, and 3.5 percent for next year, lower than the 3.6 percent previously. The inflation forecast for this year is lower than the three to five percent target of the government for this and next year while the projection for 2014 is within target. On t he ot her ha nd , the 2015 average inf lation forecast is steady at 3.6 percent.

T h e c e nt r a l b a n k ’s inflation target for 2015 is a range between two to four percent. In the first 10 months this year, inflation averaged at 2.8 percent. For last October alone, inflation posted an uptick to 2.9 percent from month-ago’s 2.7 percent due to faster pace of annual inflation in food inflation/PAGE B10

“After they have settled, and if they wish to search for new jobs, I urge them to go to the nearest PESO in their areas and register,” said Baldoz, who has alerted the PESOs nationwide, particularly those in areas spared by Typhoon Yolanda to prepare for the possible inf lux of workers, particularly from Eastern Visayas--composed of Leyte, Eastern Samar, and Western Samar provinces, who may have left these places to start their lives afresh. “I also encourage them, if they have online access, to

register with the PhilJobnet, the government’s online job search and job-skill matching portal, whose address is,” Baldoz added. Baldoz has also instructed t he Bureau of Loca l Employment (BLE), which supervises PESO operation, to coordinate with PESOs in urban areas and ready itself with technical assistance and other support services so the PESOs can accommodate worker-registrants. She ex pla ined t hat qu a l i f ie d workers who have registered with the

PESOs will also have the chance of being matched with employers in any of the close to 100 job fairs the DOLE will conduct in the remaining days of November and December in various regions. “For a complete schedule of these job fairs, please visit the PESO nearest you or, if you have online access, browse http://www.phil-job. net/ and click on the tab, Job Fair Schedule,” she said. Asked if there are jobs waiting for displaced workers who have evacuated typhoonr av a g e d a r e a s , B a ld o z answered in the affirmative, saying that as of Saturday, 149,778 job vacancies were posted in the PhilJobnet, ra ng ing f rom t hose for sales clerks, with 20,968 vacancies; merchandisers (12,271); production/factory urges/PAGE B10

Economists lower inflation forecast for 2013, 2014

A PALex aircraft receives a water cannon salute upon touchdown at Dubai International Airport in United Arab Emirates, marking the PAL Group’s return to the city after 15 years. The service operates five times weekly, departing from Ninoy Aquino International Airport (NAIA) Terminal 2 every Monday, Tuesday, Wednesday, Friday and Sunday at 1:00 p.m. and arriving in Dubai International Airport at 6:15 p.m. (local time). The return service departs from Dubai on the same days at 7:45 p.m. and arrives at NAIA Terminal 2 at 8:15 a.m. the following day. A brand-new Airbus A330-300, the latest long-haul aircraft of PAL, is deployed on the route. (PNA photo courtesy of PAL Corporate Communications)

Gov’t to launch web-based tool for monitoring of foreign aids to PHL MANILA -- The Aquino administration is scheduled to lau nc h Mond ay t he establishment of the Foreign A id Tra nspa renc y Hub (FAiTH), a web-based tool where the public can monitor t he stat us of ca la mit yrelated foreign aids to the Philippines. Department of Budget and Management Undersecretary and Chief Information Officer Richard “Bon” Moya said the online portal is “the Aquino administration’s pioneering response to this growing ne e d for t r a n s p a renc y and accountability in the management of humanitarian donations.” “There’s an urgent call now for us to monitor the movement of foreign aid funds for Yolanda so they will go exactly where they’re supposed to: to the survivors of the typhoon for whom recovery will be a long and arduous process, and to the communities that need to

be rehabilitated as quickly and efficiently as possible,” he said. Moya expla ined t hat FAiTH can only monitor aids coursed through the government and not those given to private entities such as the Red Cross and United States Agency for International Development (USAID). The portal, faith, will show where the humanitarian aid, either in cash or in kind, went, where it was coursed through and how the funds were spent. The FAiTH monitoring team include the Department of Foreign Affairs (DFA), DBM, Department of Finance (DOF), Commission on Audit (COA), Department of S o c i a l We l f a re a nd D e velopment (DS W D), Nat iona l Disa ster R isk Reduction and Management Council (NDRRMC), the Presidential Management foreign/PAGE B10

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Cebu Pacific seeks permit renewal to fly to the US THE operator of Cebu Pacific has asked the US in the Philippines and one Philippine Airlines (PAL), allowing it to resume flights Department of Transportation for a renewal of the youngest in Asia. to European destinations The Philippines has a of its permit to fly to the country. “Although Cebu has not yet commenced operations under its exemption, it w i s he s to rene w it s exemption so that service may begin without delay when appropriate,” Cebu Air Inc (CEB) said in its application posted on the website of “The services for which renewal is requested are therefore fully consistent with the bilateral. The United St ate s ha s consi stent ly recognized that inclusion of a service in a bilateral agreement to which t he United States is a part y and the designation of a qualified foreign carrier for such service satisfy all releva nt public interest requirements for grant of exemption authority,” Cebu Pacific said.

It h o l d s e x e m p t i o n aut hor it y to enga ge i n schedu led foreig n a ir transportation of persons, property and mail from the Philippines via intermediate points to Honolulu, San Francisco, Los Angeles, Gua m, Saipa n a nd four additional points in the US, subject to the condition that the airline conduct all operations pursuant to a wet lease. Unlike dry leases, which i n v o l v e b o r r ow i n g a n aircraft, a wet lease includes the crew. From its five hubs in t h e Ph i l ip pi n e s , C e bu Pacific ser ves numerous domestic and international destinations with its modern f leet of 39 Airbus aircraft a nd eig ht AT R 72-5 0 0 aircraft -- the youngest fleet

Category 2 status, which the US Federal Aviation Authority (FAA) bestows on countries that fail to comply with the International Civil Av i at ion O r ga n i z at ion ( IC AO) S t a n d a r d a n d Recommended Practices (SARPs) on international civil aviation safety. The FAA in 2008 slapped the Category 2 status on Manila, thereby preventing Philippine carriers from expanding in America. T h e C i v i l Av i a t i o n Authority of the Philippines (CAAP) had said it expects the FAA to bring back the cou nt r y to C ate gor y 1 within the year after ICAO removed the country from a list of member-states with unresolved significant safety concerns (SSCs). Last July 10, the European Union (EU) lifted its ban on

after a three-year absence. The European Union earlier removed Philippine Airlines on a blacklist from f lying skies in Europe. Cebu Pacific posted a net loss of P750.12 million in the July to September period, a reversal from the P538.44 million net income in the same three months of last year. Despite the third-quarter loss, the country’s leading budget airline closed the first nine months with a profit of P664.08 million, but lower than the P2.27 billion last year. Revenues in the third qu a r t e r re a c he d P8 . 8 6 billion, up 8.8 percent from last year’s P8.14 billion. This brought the nine-month ta l ly to P30. 58 bi l l ion, higher than last year’s P27.87 billion.

Seaoil sees growth with Security Bank credit card tie-up S E AO I L P h i l i p p i n e s expects to meet its growth t a r ge t t h i s ye a r w it h its cont i nued net work expansion. Seaoil president Glenn Yu said profit would grow by 10 percent year-onyear to P660 million this year, adding that its net income would depend on its performance in the final three months of the year. “I wou ld say we are near that figure. For us, internally P660 million, 10 percent from P600 million last year,” Yu told reporters during last week’s launch of its credit card partnership with Security Bank Corp. The bank will release a new line of credit card through SB Cards Corp, t he franchise owner of Diners Club Philippines. “We’re on track in terms of revenue target. For us, historica lly we’ve been g row ing 15-25 percent ever y year for the past five years. So I think, we continue to remain bullish. We expect further growth as we continue to expand our network,” Yu said.

Seaoil is targeting P20 billion in revenues this year. “We have interesting third quarter. Our query volumes have been growing between 20-25 percent so we are very encouraged with that and especially w it h newly announced partnership with Diners Club which is one of the pr e m iu m c r e d i t c a r d issuers of the world,” Yu said. “We are excited to work with them to grow our customer base, ta k i ng op p or t u n it y of r a pid retail growth and taking a d v a nt a g e b y h a v i n g premium card,” he said. Yu said its partnership with Diners Club enhances

the fuel retailer’s position and allows its consumers to spend more through credit cards at the pump. “ I f we a r e a b l e t o increase the base of credit card users in our stations, potentially it will. Every credit card transaction versus cash transaction is f ive times more. We expect that that will grow s i g n i f i c a nt l y m o v i n g forward,” he said. A motorist spends an average of P250 cash, and P1,250 for credit. Yu s a i d S e a o i l i s pla nning to put up a n add it iona l 10 0 to 12 0 stations next year. It opened 70 new stations this year, with 30 more stations in the pipeline. It already has

340 stations nationwide, for a four percent share of the market. Yu said the company aims to grow this to 10 percent in the next three years. “Now, with partnership w it h Di ners C lub, we have t he travel a nd entertainment, lifestyle branding association now w it h Di ners Club a nd Seaoil. It brings together our v ision, which is aligned in terms of taking advantage of the growing consumer market, growing consumer base, growing midd le class t hat need regular consumption and to have that same lifestyle that comes with seal Diners Club,” he said.

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Banks pool P40-B fund to assist typhoon victims STATE-OWNED banks are releasing P40 billion in rehabilitation funds while private banks are expected to have pooled P500 million in outright donations to typhoon Yolanda/Haiyan victims and their families while the Bangko Sentral ng Pilipinas approved regulatory relief to affected banks. Land Bank of t he Philippines and Development Bank of the Philippines are releasing P30 billion and P10 billion, respectively, as rehabilitation funds. Landbank president and CEO Gilda E. Pico said the funds which is under its Ca lamit y Rehabilitation Support (CARES) program is part of the government’s effort to help restore the economic and social activities in the affected areas. It will assist not only victims of typhoons but also f loods and earthquakes to help survivors to “get back on their feet and rebuild their lives,” said Pico. Both government f ina ncia l inst itut ions’ rehabitat ion prog ra m offers loan restructuring to existing clients and also provide rehabilitation credit for new customers. The eligible borrowers include local government units, home buyers, small and medium enterprises, cooperatives and NGOs, and countryside financial institutions. From the private banks, their donations are expected

to exceed P500 million by end of November when parent holding firms and other subsidiaries are included in the tally. As of the latest count, the country’s banking sector have reached P268.85 million. Local and foreign-owned banks have been releasing funds as donations within t h re e d ay s of t y pho on Yolanda’s devastation on Region VIII and eight more provincial areas from Region IV-A and –B to Region XIII identified by the National Disaster Risk Reduction and Management Council. The BSP also released the regulatory relief measures and rediscounting reprieve it will grant to banks impacted by the typhoon. While the package of regulatory relief extended are the BSP’s regular measures to thrift and rural banks loc ated i n t he a f fec ted areas, BSP deputy governor Nestor A. Espenilla Jr. said they recognized the larger extent of the damages and devastation that typhoon Yolanda has brought to victims/PAGE B10

BDO raising raise P5-B from another tranche of LTNCDs BDO Unibank Inc (BDO) plans to raise additional f unds by issuing a new t ra nche of long term negotiable certificates of deposit (LTNCDs). In a statement, Henry Sy-owned BDO said it would issue up to P5 billion worth of LTNCDs, the proceeds of which would lengthen the maturity profile of the bank’s funding sources as well as support its medium-term

growth objectives. T he new t ra nche of LTNCDs will have a term of f ive and a half years with interest to be paid on a quarterly basis. Indicative yield ranges from 3-3.25 percent per annum. The final coupon rate will be set and announced at the end of the offer period. The minimum investment is P100,000 with increments of P50,000.

LTNCDs are negotiable certificates of deposit with a designated maturity, and represents bank’s obligation to pay the face value upon maturit y, w it h periodic coupon or interest payments during the life of the deposit. LTNCDs offer attractive features such as ta x exemption on interest income for individual investors if held for at least five years, coverage with the Philippine

Deposit Insurance Corp (PDIC) of up to a maximum of P500,000 per depositor and negotiability, subject to market conditions. The offer period will be from November 18-29, while the issue date is set for December 11. BDO, however, reserves the right to adjust the timing of the offer as needed. The bank last issued P5 billion bdo/PAGE B10

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SM City Cagayan de Oro Mall Manager Clara Elizaga, PR Manager Ivy Guantero and Marketing Manager Kitty Tiukinhoy pose at the installation of the Christmas Belen during SM Cit y CDO's "Christmas Festival of Stars" launch, November 15, 2013. Photo by Shaun Alejandrae Yap Uy

(from left)

SM City Cagayan de Oro mall administrators (from left) Jenalyn Morales SM Group Visual Display Manager for VisMin, Ivy Guantero - PR Manager, Constantine Arce - Assistant Mall Manager, Clara Elizaga - Mall Manager, and Rissa Renea Sollorin - Leasing Manager pose in front of the Cathedral installation (which represents the traditional start of Christmas in the Philippines in Simbang Gabi) during the mall’s Christmas Festival of Stars launch, November 15, 2013. Photo by Shaun Alejandrae Yap Uy

SM City CDO Toy Kingdom staff pose with “Santa Claus” during the mall’s Christmas Festival of Stars launch, November 15, 2013.

Photo by Shaun Alejandrae Yap Uy

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Mindanao Daily B7 NEWS

CAGAYANTIMES Titus Andronicus moved to February 2014; A Midsummer Night’s Dream for TabangVisayas Advertising and Editorial E-mail : Contact nos. : 0917-7121424 • 0947-8935776

de Oro


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by Jerry P. Acido Jr., Contributor

“No one has ever become poor by giving.”


he Xavier Stage appeals to the heart of the Cagayan de Oro community to watch the restaging of William Shakespeare’s A Midsummer Night’s Dream- a fund-raising campaign for the victims of super typhoon “Yolanda”. A Midsummer Night’s Dream is scheduled on December 2-7, 2013 at the Xavier University Little Theater. Apparently, the company decides to move its production of William Shakespeare’s Titus Andronicus to February 24-28, 2014. A Midsummer Night’s Dream serves as TXS’ outreach project in line with XU’s Tabang Visayas project, and proceeds of the show will go to the victims and survivors in the Visayas region. For ticket inquiries, The Xavier Stage can be reached through the Xavier Center for Culture and the Arts office at 858.3116 local 2059 and 09264218289 and 09274022826. Tickets are sold at the XU Bookstore for only Php100.00 for the Morning Matinee show on December 3, 2013 at 10:00AM, Matinee shows on December 2-3 & 7, 2013 at 3:00PM and Gala shows on December 3-7, 2013 at 7:30PM. We thank you for your undying support.

EQ Day Care Center now ready to equip the future leaders of our country E

ducation is the best gift a child could ever have. Last October 11, 2013, the turnover ceremonies for the first ever EQ Day Care Center was held in Barangay Pagatpat, Cagayan De Oro. In attendance was Mr. Samuel Po, President and CEO of JS Unitrade Merchandise, Inc., the official distributor of EQ Baby Diapers. The EQ Day Care Center is located at the site that Habitat for Humanity built for the victims of Typhoon Sendong. This is the first of the many day care centers that EQ Baby Diapers plan on building all over the Philippines as part of its commitment in serving the Filipino nation and its children. “The day care center will equip children as they are the future leaders of our country” said Mr. Po during the turnover ceremony. EQ Baby Diapers provide economy and quality products for Filipino families, with product features that gives babies comfort that they truly need. EQ Baby Diapers is available in leading Groceries, Supermarkets and Drugstores nationwide. For more information, please visit their website at You may EQ Day Care Center Turnover Ceremony Event (from left) Mr. Samuel Po, President and CEO of JS Unitrade also like them on Merchandise, Inc., Mr. Rey Mabunay, Brgy. Captain of Pagatpat and Mr. Charlie Ayco, CEO and Managing Director Facebook at of Habitat for Humanity.

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Coco industry absorbs P1.5-B damage LEADS Agri, Japanese firm see V I S AYA S ’ S c o c o n u t sector sustained a huge loss in production due to the devastation wrought by Category-5 Typhoon Yolanda, according to the Philippine Coconut Authority. Philippine Coconut Authority Administrator Euclides G. Forbes said i n a statement t hat “initial reports ref lected damage” to some 3 mi l lion coconut t rees “ i n v a r y i n g d e g re e s , from slight to severe,” in five provinces in the Visayas. These provinces a re G u i m a r a s , I loi lo and Negros Occidental i n Reg ion 6; C ebu i n Region 7; and, Eastern Sa mar and Ley te in Region 8. Including Quezon in Region 4A, the specific number Forbes cited was at 3,058,948 da maged coconut trees. He was quoted in the statement on November 12 as saying the damage to the coconut sector is est imated at P1,495,290,150.” Coconut is one of the h i g h-v a lu e c rop s t he Visayas are k nown for

growth with new rice herbicide

because of its sweeter q u a l i t y ow i n g t o i t s vicinity to coastal salts. H o w e v e r, F o r b e s c l a i m s h i s a g e n c y, which is attached to t he Depa r t ment of Agriculture, is capable of replacing the destroyed huge number o f d a m a g e d c o c onu t trees. “ There is enoug h replacement , bec au se the PCA has the continuing program for maintaining nurseries for coconut seed lings throughout the country.” St i l l , t he pl a nt i n g would have to wait, as retrieval and assistance

to the ty phoon victims shou ld t a ke pr ior it y, Forbes added. The agency has ordered the immediate pu rchase of 10 0 cha i nsaws to be used for the current clearing operations in the coconut provinces devastated by t y phoon, according to a statement. “The chainsaws will b e i m me d i ately u s e d to cut felled trees b a r r i n g f re e p a s s a ge of relief operat ions. Those suitable will be processed into timber for use in the construction of shelters for families made homeless by the

typhoon. Each operator will be paid P300 a day as par t of PCA’s cash for work program.” According to him, the agency is maintaining 150 chainsaw operators in Davao and Compostella Valley due to t he de va st at ion of Ty phoon Pablo. I n Davao t he PCA tea m was joined by t he Phi lippine Red Cross a nd Un ited Nat ions Development Program. It is expected t hat internationa l organizations will join PCA in the same operation in Region 8, the agency a lso said.

LEADS Agricultural Product Corp. and Japanese agrochemical firm Sumitomo Chemical Co. Ltd. are eyeing to corner almost a third of the total rice herbicide market in the country by 2016, executives said. The 100-percent Filipinoowned LEADS was tapped by Sumitomo Chemical to exclusively distribute in the country its weed-control product. LEADS President and Chief Executive Of f icer Fernando B. Malveda said they aim to get a share of between 10 percent and 15 percent of the total rice herbicide market. He said that market is currently valued nearly at P1.5 billion. Eve nt u a l l y, we m ay increase that share by at least 30 percent in the next two to three years, Malveda said. The executive is banking on t he compa ny ’s new product, which they claim can eliminate resilient and prevalent grasses, sedges and broadleaves in irrigated paddies. A sedge is a grass-like plant with triangular stems and inconspicuous flowers, growing typically on wet ground, according to Internet sources. A broadleaf is a weed with broad, rather than slim,

needle-like, leaves typically linked to grasses. Malveda explained weedcontrol products are applied twice during the planting season as “pre-emergent” or early “post-emergent” to avoid the weeds from growing. Weed-control products are a lso used as rescue (mid- to late post-emergent) if weeds are already fully grown, he added. Malveda claims that it is cost effective and more affordable for farmers if a weed-control product is applied only once, preferably a n ea rly post-emergent application. Sumitomo’s latest weedcontrol product is the seventh that LEADS Agri would be distributing af ter a sof t launch in December. Malveda said his firm would distribute the product starting on the first cropping season in May and June next year in the following provinces: Panay, Negros, Davao, Cotabato, Nueva Ecija, Bulacan, Pampanga, Cagayan Valley, Pangasinan, Tarlac and Ilocos. Jaynor P. Dangan, vice president for technical of LEADS Agri, claims the new weed-control product “will set a new paradigm and standard in weed-control LEADS/PAGE B10

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St. Francis House scouts prepare for disasters

With the Philippines getting devastated with different types of natural and man-made disasters, the St. Francis House’s boy and girl scouts of Zamboanga City underwent a 2-day safety and disaster preparedness camp (Nov. 16-17) in the SFH compound at Pasonanca Park.

A patrol of SFH scouts simulating the crossing of a flashflooding Pasonanca river.

O ver 70 St Fra ncis House orphanage wards who are registered under the community scouting program of the Boy Scouts of the Philippines and Girl Scouts of the Philippines had their disaster preparedness camp with their volunteer S cout ma ster B ong Bue spearheading the activity. Canadian priest Fr. Arthur Winikoff, founder-director and scouting institutional head of the SFH Scouts, said the activity is very timely now that the Philippines is hit by earthquakes, typhoons, battles and other forms of disasters. The SFH scouts were given lectures on what to do in cases of earthquakes, t y phoons, f loods, f ires, gunbattles, bomb threats, poisoning, drowning and other disasters or accidents. Actual

Building a camp tent in a safe way is another topic during the safety and disaster preparedness camp.

simulation of such accidents and disasters followed after each demonstration and lecture. “We’re doing what Scouting slogan (Always be Prepared) is all about! It’s much better to

be prepared always for such eventualities,” scoutmaster Bong Bue pointed out. “ W h o k n ow s t h e s e orphaned scouts could help save not only themselves but others as well,” Bue said.

Senate studies more climate change adaptation measures M A N IL A --Senate President Franklin M. Drilon has called for key changes and long-term reforms in the country’s disaster response strateg y - including t he possibi lit y of completely re s t r uc t u r i ng t he c ou nt r y ’s c u r re nt d i s a s t er prot e c t ion agency, the National Disaster Risk Reduction and Management Council (NDRRMC). Drilon voiced his proposal during his speech as the conference speaker on the Kapisanan ng mga Brodkaster ng Pilipinas (KBP) last November 14. Drilon said that legislative actions are imperative, af ter expressing his concerns that a natural disaster with a similar capacity for destruction to the super typhoon Yolanda (international name Haiyan) could hit the country again. “The Senate would look at more climate change adaptation

measures, as the recent spate of strong typhoons could be a sign of shifting patterns in global climate, which makes national preparation to extreme natural events more necessary. It is possible that super typhoon Yolanda is the harbinger of more destructive typhoons,” said Drilon. “We have to prepa re for t he wors e . We shou ld have a comprehensive disaster risk re duc t ion a nd ma na gement program that will anticipate future occurrences arising from climate change and global warming,” he emphasized. Drilon said for the country to be able to effectively deal with the threat of natural disasters, it may have to overhaul the NDRRMC, which is currently under the Department of National Defense, and expand its functions and capacities, including the hiring of more specialists into the agency.

“We ca n a lso ex plore t he idea of tra nsforming t he existing NDRRMC from being a coordinating body to a more permanent structure, with fulltime staff and experts in various fields,” he said. “We need to come up with geohazard maps of all areas in the country to determine which areas are at risk from typhoons, la ndsl ides, ea r t hqua kes a nd volcanic eruptions. We cannot afford to be reactive when it comes to disasters,” he added. The senator however acknowledged that the effective implementation of any reforms to the country’s national disaster strategy will not be a stand-alone effort confided to a single agency; instead these should deeply involved local government units and other a gencies of t he gover n ment involving the environment, land use and various social services.

“To ensure that our development initiatives are sustainable, we must incorporate disaster risk reduction in our development policies and in every part of our society. It is a tall order, I must admit, because it involves not just decreasing our people’s vulnerability to adverse weat her conditions, but a lso ensuring the judicious management of land and environment. Good governance is essential to disaster risk reduction,” stressed Drilon. To show the necessity of the reforms proposed, Drilon called attention to the ongoing relief efforts in the Visayan region, where government agencies experienced difficulties in providing aid to the victims. “Thousands died and thousands more are missing. It is heartbreaking to see the suffering in the faces of the survivors, most of them are now homeless,” said Drilon.

Good weather prevails over PHL in the next 3 days Most parts of the country will continue to experience generally good weather in the next three days, the Phi lippine Atmospheric Geophysical and A s t ronom ic a l S er v ic e s Administration (PAGASA) said on Sunday. In a interview, PAGASA weather forecaster Aldczar Au rel io s a id exc ept i n northern Luzon, the rest of the country including

Metro Manila will have sunny to partly cloudy skies w it h possible af ternoon or evening rains due to localized thunderstorms. He added the northeast mon s o on wou ld a f fe c t nor t her n Lu z on, wh i le partly cloudy to cloudy skies with light rains over the regions of Cagayan Valley, Cordillera and Ilocos would be experienced. Aurelio ex pla ined

that good weather w a s due to abs enc e of weather disturbance near t he Ph i l ippi ne a re a of responsibility at this time. He added that they are a lso not ex pec t i ng a ny tropical cyclone to affect the country in the next two to three days. However, Aurelio said they still expect one or two cyclone to enter or form inside Philippine territory

before the month ends. In its advisory, PAGASA said moderate to strong winds from the northeast will prevail over Luzon and eastern Visayas and the coastal waters along these areas will be moderate to rough. Elsewhere, winds will be light to moderate coming from the northeast with slight to moderate seas. (PNA)

Drilon visited Iloilo province during the weekend to assess the impact of the typhoon in the region and to turn over donations that will go to the provinces in Western Visayas badly hit by the typhoon including Iloilo, Antique, Capiz, and Aklan; and as well as to the towns in the 4th district of Cebu which were likewise affected by the typhoon. Still, Drilon advised the nation to remain hopeful, and to be united in their actions to help those afflicted by the calamities: “During these tough and trying times in our nation’s life, we have to be united in the pursuit of our development goa ls. We have to transcend political differences because the work ahead is enormous. Let us not allow the daunting challenges of rehabilitating communities and rebuilding lives rob us of our optimism, resilience and empathy.”(PNA)


Magnitude 4.0 quake jolts Albay A magnitude 4.0 earthquake jolted Albay prov ince, according to the Philippine Institute o f Vo l c a n o l o g y a n d Seismology (Phivolcs).

In its bulletin, Phivolcs said the tremor occurred at 1:39 a.m. with its epicenter t r a c e d 19 k i l o m e t e r s northeast of Rapu-rapu town in Albay.

The agency said the t e m b l o r, w h i c h w a s tectonic in origin, had a depth of 17 kilometers. No reported intensity felt from the quake, the

agency said. T he agenc y f u r t her noted that no damage was reported from the tremor and aftershocks are not expected as well. (PNA)

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Urges... from page B2

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workers (5,470); laborers (5,035); service crew (4,285); promo salespersons (6,996); Cashiers (2,728); call center agents (2,696); street sweepers (1,576); general waiters (1,363); salesmen (1,334); customer service assista nts (1,802); sa les a s s o c i ate profe s siona l s (1,744); and staff nurses (1,198). Companies recruiting through the PhilJobnet have also need for general cooks (1,142); checkers (1,052); car drivers (1,025); general masons (1,009); production machine operators (972); baby sitters (939); baggers (779); welders (765); forklift operators (734); steelmen (69 8); m a rk e t i n g s t a f f (660); general electricians (656); junior supervisors or management trainees (645); janitors (632); utility workers (620); security guards (619); general carpenters (607); and gasoline pump workers (560). Rounding up the Top 50 PhilJobnet vacancies as of November 16, are t hos e for con s t r uc t ion carpenters (556 vacancies); building electricians (525); government clerks (466); quality assurance inspectors (465); pipe fitters (454); stock clerks (441); warehousemen (418); office clerks (416); plumbers (414); genera l c i v i l e n g i n e e r s (4 0 8) ; airconditioning technician sales coordinators (404); automotive mechanics (396); household attendants (388); accounting staff (381); cash collectors (379); and painters (375). B a ldoz f u r t her s a id POEA Administrator Hans Leo J. Cacdac is under her standing order to mobilize its resources, partners, and allies and conduct overseas job fairs for workers in typhoon-stricken areas as soon as these are feasible. “He is coordinating with licensed recruitment agencies posting their job vacancies in the PhilJobnet, particularly those from the Visayas, to participate in the job fairs to participate in the job fairs,” said Baldoz. (PNA)

Sends... from page B2

Baguio maintained that Cotelco and all other electric cooperatives in the country are obliged to help restore power in areas affected by calamities regardless of areas of coverage. “ We r e c o g n i z e n o boundaries because electricity is basic necessity for our people, wherever they are,” he said. North Cotabato Governor Em mylou Mendoz a has appealed to local government units in the province to collect donations, preferably in cash, but goods are still accepted. Cynthia Ortega, head of Provincial Disaster Risk Reduction and Management Council (PDRRMC), said goods are mounting at the provincial gymnasium. According to Provincial

Hea lt h Prog ra ms Foca l Person Jessie Enid, t he PDRRMC intends to bring the relief goods on Sunday, November 17 to Ormoc City in Leyte, one of the areas heavily ravaged by super typhoon “Yolanda”. A team composed of PDR R MC members was dispatched Sunday to deliver all the accumulated relief and donations using provincial government t r uck s a nd mobile vehicles as well as those provided by private companies and businessmen. (PNA)


from page B2 and non-alcoholic beverages b because of the impact of Ty phoon Urduja, among others. Prices of clothing and footwear also registered a faster rate of increase during the month. During the policy meeting of the central bank’s policymaking Monetary Board (MB) last October, the Board maintained its three percent inflation forecast for this year but increased to four percent the inflation forecast for 2014 from 3.9 percent previously. For 2015, the forecast was reduced to 3.4 percent from 3.5 percent. Amid the changes in the inf lation forecast for the three-year period, monetary of f icia ls ma i nt a i n t hat inflation expectations remain well-anchored. (PNA)


from page B2 S t a f f ( PM S) , a n d t h e Presidential Communications Development and Strategic Planning Office (PCDSPO) under the Off ice of the President. Relatively, Department of Budget and Management (DBM) Secretary Florencio Abad s a id t he Aqu i no administrations’ bid to push for transparency on how foreign aids are used and distributed should be equalled by the private entities in line with the International Aid Transparency Initiative (IATI). “Working together, the Philippine government and the global community can accomplish much toward rebuilding the communities damaged by Yolanda and restoring normalcy to the lives of those who were affected by the typhoon,” he said. Abad pointed out that “while the Philippines is certainly no stranger to calamity, Super Typhoon Yo l a n d a e x c e e d e d expectations around the world in the most unfortunate way possible.” “The Aquino ad minist rat ion a nd t he Fiipino people are ver y grateful for the generosity of the international community in response to the devastation left by Yolanda, as well as for the continuing selflessness of all our relief and rescue workers, including those from government, citizens’ groups, and various aid organizations,” he added. (PNA)



nine regions, specifically in Region VIII’s Samar and Leyte. “We will need to do all we can to help them,” Espenilla told a banking conference last week. E spen i l la s a id a side from the BSP’s standard regulatory relief package when ca lamities struck, they will prepare additional measures to offset some of the economic damage. “Given the scale of recent devastation from the 1 – 2 punch of the Bohol earthquake and now typhoon Yolanda, we will need to actively think of additional measures to bolster our support,” he remarked. There are 683 regulated banks in the countr y of which 21 have head offices in Eastern Visayas’ Region VIII. Of the total 9,453 banking networks as of end-June, 173 are located in the region, mostly rural banks where there are 62, and 25 thrift banks. The rest are branches of bigger commercial banks but these are located in the cities mostly. Based on BSP data of the banking system’s P3.10 trillion total loan portfolios in 2012, Region VIII accounted for P13.8 billion, of which P7 billion are from commercial banks, P4.5 billion from thrift banks and P1.31 billion from rural banks including cooperative banks. The BSP’s temporary relief measures are the following: *Excluding existing loans of borrowers in affected areas from the computation of past due ratios provided these are restructured or given relief; reducing the five percent general loan loss provision to one percent for restructured loans of borrowers in the affected areas; non-imposition of penalties on legal reserves deficiencies with head office a nd /or bra nches in t he affected areas; moratorium on monthly payments due to BSP for banks with ongoing rehabilitation programs; subject to BSP approval, booking of allowance for probable losses on a staggered basis over maximum of five years for all types of credit extended to individual and businesses directly affected by the calamity; and nonimposition of monetar y penalties for delays in the submission of supervisory reports.

wor t h of LT NCDs la st September. Hongkong and Shanghai Banking Corp (HSBC) and Deutsche Bank (DB) are the joint lead arrangers and selling agents for the LTNCD, while BDO, BDO Private Bank and Multinational Investment Bancorp (MIB) are the other selling agents. Interested investors can approach any BDO branch during the offer period to secure t heir application forms.

from page B5

from page B5

LEADS... from page B8

for rice production in the Philippines.” He cited studies in the Philippine rice production showing that 61 percent of the potential yield of rice could be lost if weeds are not controlled. “The new technology will help our Filipino farmers to minimize losses from this pest,” Dangan said. Malveda expects that the launching of their new rice herbicide will result to a decrease in the prices of leading brands by 10 percent to 15 percent over the next two years. Business-wise, he said it will help them achieve at least 25-percent growth in revenues for next year to P1.25 billion. This, he noted, is better than their projected static growth of P1 billion this year because of the twomont h delay in t he rice season, which started in July and August instead of May and June, brought about by weather disturbances. For its part, Sumitomo Chemical sees Zeta-One to help accomplish sales growth between “30 [percent and] 50 percent” in the domestic market. “Because this product fits the market, it can fulfill and meet the demand [of Filipino farmers]. So we see ver y st rong g row t h opportunity for this,” said L aw renc e Yu , re g ion a l head of Health and Crop Sciences Sector for South Asia Pacif ic, Su mitomo Chemical Company Pte. Ltd. “But we do not want to grow too fast. What we want to do is to introduce the product correctly in the right condition that it’s being used, so that it can show its performance,” he added.

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TESDA Specialista Desk opens in Robinsons Mall, Limketkai Center

Cagayan de Oro City – Good News! Amidst the heav y downpour spawned by Ty phoon Zoraida, the Technica l Education and Skills Development Authority - Region 10 opens its “TESDA Specialista Desk” on November 11, 2013 at the Robinsons Mall, Limketkai Drive, Cagayan de Oro City. “TESDA Specialista Desk which will be manned by a TESDA Staff aims to bring TESDA’s programs and services closer to the people”, Director Edgar A. Sales, TESDA 10 OIC-Regional Director, said. “It w i l l c ater to t he youth and workers needing information on the various programs and ser vices of TESDA”, he said. The desk shall accommodate inquiries and referrals on the following: training programs, scholarship application requirements/ available scholarship slots, a s se s sment cer t i f ic at ion requ i rements/assessment schedu les , a nd prog ra m reg ist rat ion. Pa mph let s , brochures and other literature/ advice on TESDA’s programs and services are also available. The TESDA Specialista

Rehab... from page B1

response to a government request. It said it is ready to provide additional support, through a conditional cash t r a n s fe r pro g r a m t h at prov ides f u nds to poor families, and other resources such as temporary shelters for those in need. On top of that, the group said it can also help in the debr is clea n-up a nd i n providing short-term jobs for poor families. “In t he af termat h of the typhoon, we have seen courageous efforts by the people of the Philippines to get back on their feet. We are committed to supporting the government in its effort to recover and rebuild, and to help Filipinos strengthen t hei r resi l ience aga i nst increasingly frequent extreme weather events,” said World Bank Group president Jim Yong Kim. The World Bank said it is working closely and c o ord i n at i n g w it h t he international development community in the Philippines and with lead government agencies including Department of Finance, Off ice of Civil Defense, D e p a r t m e nt o f S o c i a l Welfare and Development, Department of Science and Technology, and the National Economic and Development Authority. Members of a technical team from the World Bank are arriving in the Philippines to help t he government a ssess t he d a mage a nd gather information for a comprehensive reconstruction plan. Axel van Trotsenburg, World Bank vice president for East Asia Pacific, said the

TESDA Officials and representatives of Technical Vocational Institutions posed with Mayor Oscar S. Moreno (third from left, 1st line) during the opening of the TESDA Specialista Desk.

Desk is located at the Robinsons Mall Lingkod Pinoy Center (RMLPC) conceptualized by the Robinsons Land Corp. (RLC) as part of its corporate social responsibility and its desire to bring government services in one convenient

location. The R LC a nd TESDA forged the partnership last May 20, 2013 for mall space to be provided to TESDA under a rent free arrangement. Eng r. E dga r A. Sa les together with TESDA Misamis

Oriental Provincial Director Leo V. Velez led the opening of TESDA Specialista Desk as part of the Robinsons Mall Lingkod Pinoy Center launching graced by Cagayan de Oro City Mayor Oscar S. Moreno.

country will need long-term reconstruction plan given the scale of the disaster caused by what is now considered the world’s strongest typhoon on record. These experts can bring lessons learned f rom t he World Ba n k ’s work in the reconstruction of Aceh in Indonesia and Haiti after disasters hit these countries in 2004 and 2010, respectively. “Remote sensing images are being obtained for use by the assessment team in geo-mapping activities to help determine the cost of the destruction,” van Trotsenburg said. In addition, the World Ba n k is a lso prov id i ng tech nica l assista nce on disaster-resistant design options for housing, health facilities, schools, and public markets that can withstand 250-280 kilometer-per-hour wind speed and resist severe flooding. The Internationa l Finance Corp (IFC), World Bank’s private sector arm, is talking with international banks, rural lenders and microfinance institutions to develop specific programs to help small- and mediumscale enterprises (SMEs) in ‘Yolanda’-affected areas recover. (PNA)

t y phoon-a f fected a reas. Un for t u n at e ly, we c a n only accommodate them depending on the number ferryboats,” he said. “Before, the ferries only have five trips a day. But after Yolanda struck, we now have seven to nine trips daily,” he said. Normally, the port ferries 100 vehicles a day but now it almost tripled, said Suriaga, adding that last Saturday, the port transported 280 vehicles carrying relief goods to Port Benit in San Ricardo, Southern Leyte. Suriaga said they already requested shipping companies servicing Surigao and Leyte to add more boats to help ease the congestion. Ju a n it o V i l l a no Jr. , of f icer-in-cha rge of Montenegro shipping, said that crewmembers of their two ferryboats ser vicing Lipata and Benit have already complained of fatigue. “This is the first time that we are traveling and docking to port every two hours, our two ships alternating,” he said. “ Tr a n s p o r t i n g t h i s number of vehicles together with their passengers each day have taken a toll on our crew. I advised them to have several hours of break in between trips and not to travel anymore in the evening so that they can make their trip at dawn,” Villano added. Villano revealed that even with a third ship, it would still be hard for them to expedite their movement.

“The port in Benit can on ly accom mod ate one ship at a time. If we add an additional boat, it will just be idle in the waters while waiting for the other ship to leave,” he said. The t raveling t ime between San Ricardo and Surigao City is just an hour. There are also times when it takes longer to unload all the cargo in Benit port so the other inbound ship has to wait for the other to leave, he said Villano said the cost of transporting the vehicles carrying the relief supplies “is reasonable.” “The fare in transporting the vehicles is already the cheapest considering the cost of fuel and in comparison to the other vessels traveling between Leyte and other parts of the Visayas,” he said. On Sunday morning, the line of vehicles, mostly trucks, outside the Lipata terminal stretched at least a kilometer. They occupied parts of the narrow twolane road, causing traffic congestion to vehicles leaving the port terminal towards Surigao City. Suriaga appea led for patience from drivers for t he long queue, say i ng ac c om mo d at ion to t he vessels is on a first come, first serve basis. He said they are expecting more relief supplies to be transported to the typhoonaffected areas in the next few days.


from page B1

Lipata port manager, said this has been the busiest in the port’s history since it started operating in the early 1980s. “We’ve never experienced working at this capacity and being this busy here in Lipata. We have been working round the clock just to accommodate all the vehicles that are bringing in relief goods towards the


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Filinvest’s One Oasis ground breaks in CdO ... from page B1

One Oasis Cagayan de Oro is the first mid-rise condo in downtown Cagayan de Oro. Land development is ongoing and unit owners for its first building can move into its well-appointed 1-and 2-bedroom units by the first quarter of 2015, way ahead of other developments now being undertaken nearby which offer completion dates five or more years later. FLI’s growing portfolio of Oasis projects in key cities which showcase resort living with its Asian-Balinese i nspired a rchitec t u re,

landscaped greens, open spaces, and inviting indoor a nd outdoor a men it ie s include Bali Oasis along Marcos Highway, Capri Oasis and Sorrento Oasis in Pasig, One Oasis Ortigas, One Oasis Cebu, and One Oasis Davao. Strategically located in prime urban zones, Filinvest’ Oasis communities are midrise enclaves t hat a llow urbanites to enjoy their own patch of green in the city. With resort-inspired amenities and refreshing landscapes, families can enjoy a convenient, laidback lifestyle while staying close to their daily needs.

Aerial View

Interior 2 bedroom

Thus, one can find One Oa sis Cagaya n de Oro strategically located along Rosario Limketkai Avenue in Bgy. Lapasan, Cagayan de Oro City. It is just a short walk to lifestyle hubs like Limketkai Center, Ayala Centrio Mall and Gaisano City Mall and just five minutes drive to schools like Xavier UniversityAteneo de Cagayan, Mindanao University of Science and Technolog y and Capitol University. Hospitals like the Northern Mindanao Medical Center, CU Medical City, Xavier University-Maria Reyna Hospital and Cagayan de Oro Polymedic General Hospital are but a short drive away. Public transport is easily accessible along Limketkai Avenue, CM Recto Avenue and JR Borja Extension. The 27, 758 square meter project will have about 1,300


units in five medium-rise condominium buildings. Each condominium building has seven f loors of residential units and a roof deck cum laundry area, two elevators for the residential f loors and stairway at the ends of the floor, connecting all levels. Each 2 bedroom and 1 bedroom residential units come with a balcony and laundry cage for drying. Parking slots for residential are available for sale on a first come, first served basis. One Oasis Cagayan de Oro is aimed at professionals like doctors, lawyers, academics and businessmen who need a halfway home. It’s ideal for college students from nearby cities and provinces l i ke Bu k id non, I l iga n, Gingoog, Butuan, Pagadian, Zamboanga and Misamis Oriental.

Young growing families will find the proximity to schools, workplaces and malls ideal as would Overseas Filipino Workers wanting to move up in stylish but affordable abodes. Retirees who prefer to live in smaller homes and foreigners looking to invest in real estate would also find One Oasis Cagayan de Oro ideal for their needs. Not the least, residents who are looking for alternative investments for their hard earned earnings will find One Oasis with its high resale values and/or attractive rent/ lease rates as wiser options than simply putting their money in the bank or buying a new car. “Li ke a l l One Oa sis projects, we will have a property manager responsible for the daily management and operations of the building such as the maintenance of common areas, security, garbage collection, attending to concerns of unit owners and the like,” said Ms. Ma. A rabel le Sol idu m, a rea general manager for Northern Mindanao. “They are also responsible for the upkeep and maintenance of various

equipment such as the sewage treatment plant, security facilities, elevator, and water cisterns.” Indeed, nothing compares with One Oasis Cagayan de Oro’s u n ique Va lue Proposition: “A secure resort-inspired living in strategically located mid-rise enclave that allows you to enjoy convenient,


relaxed lifestyle while staying close to everything you need.” With a track record of almost 50 years in real estate, FLI today has amassed a diverse portfolio catering to all markets with assets valued at P239.37 billion and stockholders’ equity of P78.99 billion as of Dec. 31, 2012. It has developed over 2,400 hectares (has) of land and

over 600,000 square meter s of prime office, residential, and retail spaces all built on the Gotianun family’s tradition of integrity, quality and service. For inquiries, please contact 0917-305888 or visit and like us at You may also visit our site office at Rosario Limketkai Avenue.

BusinessWeek Mindanao (November 19, 2013)  
BusinessWeek Mindanao (November 19, 2013)  

BusinessWeek Mindanao (November 19, 2013)