Issuu

BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 71

Market Indicators

As of 6:12 pm nov. 20, 2014 (thursday)

FOREX

PHISIX

US$1 = P45.07

7,268.95 points

no changes

Briefly Oil terminal PILIPINAS Shell Petroleum Corp., the country’s second largest oil refiner and distributor, said it is on track to complete the P3.8-billion oil import terminal in Mindanao by the end of the year. Shell Companies in the Philippines vice president for communications Ramon del Rosario told reporters the completion of the import terminal would support the growth of Mindanao and Visayas. “Mindanao is a huge market, but the import terminal can also cover Visayas…This will cut logistics costs,” Del Rosario said. “I think it will be able to serve requirements of industries that will be put up in Mindanao. With the peace process almost completed, we expect more investments from various industries and those will need fuel [supply],” he said

Real estate values DAVAO del Norte -- Assessors in the province will implement a new schedule of market values of real properties starting 2015. Engr. Joyce Gualberto, provincial assessor, revealed earlier today at Big8 Corporate hotel during the Seminar Workshop on the conduct of Real Property Tax Assessment (RPTA) that an average of 10-15% increase in the market values of real properties will take effect for the period of 2015-2017. She said that this was in line with the joint memorandum circular of the Department of Interior and Local Government (DILG) and the Bureau of Local Government Finance (BLGF) enjoining all local government units to prepare schedule of market values (SMV) and conduct general revision of property assessment. The provincial assessor said that new schedule of market values and general revision of property assessments were conducted every three years.

www.businessweekmindanao.com

Thu-Fri | November 20-21, 2014

P15.00

Iligan seeks payment of steel plant’s P4.1-B tax T

By MIKE BAÑOS, Editor-at-Large

HE city government of Iligan has served notice of tax delinquency, warrant of levy and auction sale against moribund National Steel Corporation (NSC) amounting to P4.1 billion, a move seen as the start of a legal process towards taking over the erstwhile biggest steel plant in the country.

Being the single biggest stakeholder in the plant facilities of NSC, the city’s lone district Rep. Vicente F. Belmonte Jr. and City Mayor Celso G. Regencia said the city government must avail of all lawful remedies to collect real property taxes and to have the plant rehabilitated, operated and thereafter payment/PAGE 11

MOTHBALLED STEEL PLANT. The aerial view of the mothballed National Steel Corp. (NSC) in Iligan City. The steel plant, currently owned by Global Steel Philippines, Inc. (GSPI) and been idled since 1999, and has a pending tax delinquency to the city government amounting to P4.1 billion. (File Photo)

Japan economic recession not to affect banana industry, growers say By KEITH BACONGCO, MindaNews

DAVAO City -- Banana growers and exporters are confident that the recession in Japan will not affect the local banana industry. Last Monday, international news agencies reported that Japan’s economy is now in a recession after its gross domestic product (GDP) shrank. But despite this report, Anthony Alexander Valoria, president of the Pilipino Banana Growers and Exporters Association (PBGEA), said that purchases in the market have even increased. Banana, he noted, is the most important fruit in the world, saying that it is the

most consumed and the cheapest fruit in the world. “So this makes banana recession-proof. The housewife, budget-wise, she transitions from more expensive fruits to banana,” he told reporters shortly before the opening of the Davao Trade Expo 2014 at the SMX Convention Center in SM Lanang. Valoria disclosed that the country is exporting at least 200 million boxes of bananas every year and at least 70 million of which go to Japan. Each box of banana weighs 13 kilos. Aside from Japan, banana producers are exporting to recession/PAGE 11

NEW POWER PLANT. A big crowd gather to see the new 20-megawatt bunker diesel power plant unveiled by Peakpower Soccsargen, Inc. (PSI) in Barangay Apopong, General Santos City on Thursday. PSI, a wholly owned subsidiary of A. Brown Company, built the diesel plant for the South Cotabato II Electric Cooperative Inc., which needs the extra power, under a Build-Operate-Transfer Scheme. Peakpower will transfer the ownership of the diesel plant to Socoteco II after 15 years. mindanews photo by froilan gallardo

New 20MW power plant launched in GenSan By BONG S. SARMIENTO, MindaNews

GENERAL Santos City – Power supply in Mindanao will get an additional 20 megawatts (MW) soon. This after Peakpower

Soccsargen, Inc. (PSI) finally inaugurated on Thursday its brand new bunker dieselfired power plant in this city, the “Tuna Capital of

the Philippines.” PSI is a wholly owned subsidiary of Peakpower Energy Inc., a joint venture of A Brown Company Inc. (ABCI), Enterprise Holdings launched/PAGE 11

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

BusinessWeek MINDANAO

Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

thu-fri|NOVEMBER 20-21, 2014

Economy

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

BSP confab in CDO tackles DA: Strategic directions challenges of global economy for corn industry ‘crucial’ D I S C U S SIO N S on t h e challenges in doing business in the global environment hig h lig hte d t he re cent Conference on Gearing Up for External Competitiveness

(CGUEC) held in Cagayan de Oro City. The conference was the second CGUEC conducted by the Bangko Sentral ng Pilipinas (BSP) this year in

a bid to prepare the business s e c tor for t he A SE A N economic integration come 2015. BSP Monetar y Board Member Valentin Araneta said the CGUEC aimed to reach out to the various members of the economic s ec tor, businessmen in general, to help them have a better appreciation of the risks and opportunities in the global economy. “It is an integral part of the BSP’s Economic and Financial Learning Program in accordance with our mandate of maintaining price and financial stability,” he said. Araneta said Cagayan de Oro was chosen as the venue for the second CGUEC because of it serves as the center and economic hub of Northern Mindanao. “ The s o cio-p olit ic a l de velopments cover ing challenges/PAGE 11

THE Department of Agriculture (DA) through its 10th Philippine National C orn C ongress celebration here discussed the importance of making strategic d i re c t i ons for t he c or n industr y especially with challenges in the ASEAN economic integration in 2015. DA Assistant Secretary E d i lb e r to d e Lu n a s ai d during the 3rd day of the C ongress that the c o r n i n d u s t r y mu s t b e a b l e t o m a k e s t r at e g i c d i re c t i ons . He s ai d t hat t he re i s a r api d g row t h of t he c or n te ch nol o g y t hat ne e ds to b e share d. Fu r t he r, he s ai d t hat a s i d e f rom s h ow c a s i n g t he s e te ch nol o g i e s and strengthening bonds among corn farmers, t he c ong re ss mu st a l s o b e abl e to m a ke p ol i c y recommendations that

the Department can a d opt . He said that Filipinos are resilient, however there is a need to improve efficiency in logistics, reduce cost but maintain quality to be competitive. He a l s o e mp h a s i z e d v a lu e a d d it i on w he re i n corn will not only support livestock and poultry but the pharmaceuticals and food industr y among ot he rs . In te r ms of re a ch i ng the goal of inclusive growth, de Luna said t hat t he i ndust r y must be able to create jobs and i nc re as e i nc ome of t he f ar me rs . Me anw h i l e R o d e r i c o Bio co of Phi lMaize s aid that there are many new challenges in the coming ASEAN economic integration in 2015. Further, new trades pose new challenges but there a re s t i l l m a ny p o l i c i e s w h i ch are o b s ol e t e , h e s ai d. He cited Presidential D e c re e ( PD ) 4 f rom t he t i me of t he n Pre s i d e nt Ferdinand Marcos which is still being us ed now, providing for t he d e vel opme nt of t he r i c e and c or n i ndust r y

and creating for this pur p ose the National Gr ai ns Aut hor it y. He s ai d t hat p ol i c i e s must be changed and t hat at t h is t i me, t he s e obsolete laws has no more moral basis and t h at by t h e e n d of t h e c ong re ss , c ome up w it h resolutions to replace t he ol d l aw s . T he 1 0 t h Ph i l ippi ne National Corn Congress c u m 2 nd Q u a l it y C or n Ac h i e v e r s Aw a r d f r o m Nov e mb e r 1 7 - 2 1 , 2 0 1 4 i s h e l d at t h e At r i u m , L i m k e t k a i C e nt e r, Cagayan de Oro City w i t h t h e t h e m e “C o r n Far m i ng i n t he ASE A N Integration: Maximizing O pp or tu n it i e s .” Among t he ac t ivit ies s e t for t he c ong re ss are agrimachiner y show and e x h i bit s , m i n i - s e m i n ar on tractor mounted rice transplanter and tractor m ou nt e d r i c e c om bi n e harvester, demonstration of the compact corn mill and cassava d i g g e r, m i n i - s e m i n a r of machine vision for corn and pneumatic corn p l a nt e r a n d c o c ow at e r f rom m at u re d c o c onut foe energy drink and pectin from mango peels.

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

thursday|NOVEMBER 20, 2014

BusinessWeek MINDANAO

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

C orporateWorld 4 PLDT-Globe free call deal PHL, Indonesia to drive covers 4 more provinces Holcim’s growth in Asia Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

thu-fri|NOVEMBER 20-21, 2014

PHILIPPINE LONG Distance Telephone Co. (PLDT) said it has added four more provinces in its list of areas covered by a deal with rival Globe Telecom, Inc. that allows free local calls between their subscribers. Under the agreement, PLDT subscribers can make local calls without charges to Globelines users in Ilocos Norte, Ilocos Sur, Zambales and Misamis Occidental. The terms take effect by end of this year. In a statement, PLDT Spokesperson Ramon R. Isberto said his company’s “sub s c r ib e rs i n Il o cos, Z ambales, and Misamis Occidental will soon be able to call their friends, family members, and business associates within their provinces anytime, without worr ying about long distance charges.”

PLDT had a similar arrangement with Globe covering the province of Pangasinan last July, and the provinces of Albay and Sorsogon in August. In Albay, the cities and municipalities covered by the deal are the following: Daraga, Guinobatan, Legazpi City, Ligao City, Oas, Polangui, Tabaco City and Camalig. The interconnection agreement between PLDT and Glob e is in line with provisions for compulsory interconnection of authorized public telecommunications carriers under Republic Act 7925. The law aims to create a universally accessible and fully integrated nationwide telecommunications network to encourage more infrastructure investments from the private sector that would benefit the consumers.

HOLCIM Ltd., the cement maker that’s merging with French rival Lafarge SA, said operating profit will rise as much as 21% next year on cost cuts as well as recovering growth in India, Indonesia and the US. Profit, excluding merger costs, could grow to as much as 2.9 billion francs ($3 billion) in 2015, Holcim said in a statement. That compares with the 2.4-billion-franc average prediction of analysts for this year. Holcim has exceeded its target from a savings program started in 2012 by about 200 million francs, it said. “Holcim is the b est positioned company in its industry to capture both the recovery in mature as well as holcim/PAGE 11

AgriNurture back in the black for the third quarter AGRINURTURE, Inc., whose shares fell after its chairman was accused of being a front for Vice-President Jejomar C. Binay, reported a P5.47million profit in the third quarter, reversing its P3.96million net loss in the same period last year. How e v e r, o p e r at i n g revenue slipped 8.48% to P871.46 million, according to the company’s financial report filed with the local bourse on Monday. AgriNurture’s nine-month net income plunged by more than half to P28.21 million, e ven t houg h op erat ing

revenue rose 2.1% to P2.83 billion. In its financial report, the company also said export sales, rose 38% year on year to P418.3 million, “primarily due to strong performance of banana exports.” This was “driven by increased and stable supply of bananas, courtesy of the Company’s newly established banana plantation joint venture, Tagum Resources Agri Industries, Inc., and strong selling price in the international markets.” “As far as operations are concerned, we see an

improvement in nine-month top line and gross profit, but the company’s general and administrative expenses are really increasing,” Alexander Adrian O. Tiu, analyst at AB Capital Securities, Inc., said in a phone interview. AgriNurture’s financial report showed that operating expenses from January to September jumped by an annual 78.06% to P746.8 million. “If you look at what comprise the expenses, it seems that one of the drivers is salar y, which almost agrinurture/PAGE 11

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

thursday|NOVEMBER 20, 2014

BusinessWeek MINDANAO

Opinion

Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

thu-fri|NOVEMBER 20-21, 2014

BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

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

NELSON CONSTANTINO Editor-in-Chief

ALLAN mario MEDIANTE Executive Editor

Alejandrae Uy

cHENG oRDOñEZ

Section Editor

Associate Editor

SHIELA gosanes

CLIFFORD SANTILLAN

ATTY. MARIO T. JUNI

Cris diaz mike baños Uriel quilinguing Joe felicilda joe palabao Editorial Consultants

Layout Artist

Advertising

Cell No: 09352379999

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

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Advertising and Promotions every Friday to Sunday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Department of Trade and Industry (DTI), Region 10 with Certificate No. 00875701, and with Business Permit No. 2014-04917, TIN No. 946396-807 – Non VAT. Tel. Nos.: (088)8578447, 74-5380, 0923-432-0687, 0917-7121424

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

Roxas Gives Up 2016 Prexy Run, Will Run for Senate

IFE’S INSPIRATIONS: “… Your New Moon feasts and your appointed festivals I hate with all my being. They have become a burden to me; I am weary of bearing them…” (Isaiah 1:14, the Holy Bible). -ooo M O R E R E L E VA N T C E L E B R AT I O N O F CHRISTMAS? The presidential province of Tarlac is once again busy with its annual contest on t he mo st b e aut i f u l Christmas decoration called “Belenismo”, generating much excitement and interest among the comprovincianos of President Aquino. Yes, the contest is one way of infusing Tarlaquenos with the spirit of the yuletide season, yet it is clear there are more relevant ways of celebrating the birth of Jesus, our God and Savior. So, Gov. Victor Yap, Vice Gov. Enrique Cojuangco, and Representatives Henry Cojuangco (first district), Susan Yap (second district) and Noel Villanueva (third district), how about a contest among our provincemates on the Biblical context of Christmas? Maybe an essay-writing contest on the circumstances surrounding the birth of Jesus could be done among elementary, high school and college students in the province? Or, maybe, Bible quizzes

Philippine Press Institute

Don’t Be Crabby

hink a minute…Crabs are ver y interesting creatures. If you put several of them in a bucket, the moment one of them starts crawling out of the bucket, the other crabs will pull him back down. So not one of the crabs ever succeeds in getting out. They just keep stopping each other from climbing higher than the rest of them. We humans are perhaps more like crabs than we think. We see a good thing the minute someone else sees it first! “We try to get even with our enemies, and ahead of our friends.” But we need to realize that “when we’re green with envy, we’re ripe for problems.” Whether we admit it or not, most of us want other people to be just a little less successful than we are. Friends are always happy about your success, just as long as you’re not more successful than they are! But one of the first secrets to success is not to compare your life with other’s. It’s strange that many of us seem to know how to live everybody else’s lives but our own. Yet what happens in someone else’s life has nothing to do with ours. “Criticizing someone else’s garden won’t keep the weeds out of your own.” Successful people look at life through a telescope and see how great it can be, but

THINK

A Minute

By Jhan Tiafau Hurst

small, petty people look at life through a microscope and only see the faults and mistakes of others. Being envious and jealous of others is just a slow method of suicide that kills both your health and happiness. You have a special ability and personality that no one else has. So use yours the best way possible. Stop comparing yourself with others. Birds don’t swim. Fish don’t climb trees. And cows don’t fly. Enjoy your own natural abilities and develop your own style. Make the most of your assets and you’ll make the most of your life. But only your Maker has the key to unlock your full potential inside. So why not ask Him to take charge of your life every day? It’s with His power you can start enjoying the success He’s planned for you to have. Just Think a Minute…

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

(similar to spelling contests) or declamation or oratorical contests on Biblical passages which herald the coming of Jesus to save sinners? I am sure all of our good officials in Tarlac (and, maybe, in all other parts of the country) will agree that this is a better way of preparing our citizenry for Christmas. I am also sure there will be more sponsors for these kinds of contests. -ooo ROXAS, NOT THE ONLY OPTION OF LP IN 2016: Now, the cat is literally out of the bag! President Aquino is more convinced than ever that there is a need for him and the Liberal Party to scout for their presidential standard bearer outside of LP, if they want to capture Malacanang again in 2016. The inevitable conclusion here is that the presumptive LP candidate for president, Secretary Mar Roxas, has been found by Aquino and the party not winnable. Otherwise, Aquino would have already anointed Roxas as his “chosen successor” and candidate in 2016, especially considering that, in 2010, when Roxas had to yield the LP candidacy to Aquino, Aquino announced that Roxas would be the party’s candidate for president after Aquino’s term. Aquino’s announcement that he had been talking to

other probable candidates, including even to Vice President Jejomar Binay, indicates that Roxas is not the only option the President is considering at this point, especially because the secretary has not been picking up in surveys. This was exactly the circumstance of Roxas in 2010, so the idea of him giving way to Aquino then was not really a sacrifice on his part but a brilliant tactical move to remain in power. -ooo ROXAS GIVES UP 2016 PRESIDENTIAL RUN, WILL RUN FOR SENATE: My sources at the Liberal Party told me that, indeed, even Roxas has conceded this early that he is not going to be the LP’s candidate in 2016. The information is that Roxas is going to run as a senator under an LP-led coalition, participated in by the Nacionalista Party, the Nationalist People’s Coalition, and, if negotiations push through, even by the United Nationalist Alliance of Binay. It is not going to be farfetched, therefore, that Roxas will be running under a coalition where Binay is the presidential candidate. The quid pro quo however is that, Roxas will be installed later as Senate President, and from there work his

K akampi

Mo A ng Batas

By Atty. Batas Mauricio

way to another crack at the presidency in 2022. Tr u l y, R o x a s i s a presidential material. He could re ally b e a go o d president of this country. But he must learn to change many things in his personality, particularly the traits that earned him dubious monickers such as “B oy Pick-up”, “B oy Padyak”, or “Boy Martilyo”. He must also imbibe true spirituality and establish a more concrete relationship with God. Not just for show, really, but for him to achieve true righteousness that is pleasing to God! -ooo REACTIONS? Please call me at 0917 984 24 68, 0918 574 0193, 0922 833 43 96. Email: batasmauricio@yahoo. com, melaniolazomauriciojr@ o u t l o o k . c o m , mmauriciojr111@gmail.com. -30-

Spirit of Penance Enhances Objectivity

hat famous Chapter 15 of the gospel of St. Luke that talks to us about the three parables of the lost sheep, the lost coin and the prodigal son, obviously highlights the wonderful mercy of God who takes the initiative to look after us when we, for one reason or another, get lost. It’s very heartwarming to savor those words with which the parables conclude. They speak of exquisite joy. “There shall be joy before the angels of God upon one sinner doing penance.” And, “It was fit that we should make merry and be glad, for this your brother was dead and is come to life again; he was lost, and is found.” With these words, we have a clear idea of what would make God happy. And that is when we come back to him after straying from him. That is when we say sorry. In short, it’s when we develop a true spirit of penance that reconciles us with our Father, God. This spirit of penance is essentially that abiding awareness that while we try to avoid sin or anything that can offend God and others, we also know that one way or another, sooner or later, we cannot help but fall into some sin, if not big ones, then some small ones. This is our constant

p r e d i c a m e nt w h i l e w e are st i l l here on e ar t h. Our human condition is such that we would always be haunted by our own personal weaknesses, and by the many temptations around, not to mention the wiles of evil spirits that roam around the world. The spirit of penance sharpens our awareness of this fact of life which we tend to take for granted, especially because, already w a l l ow i ng i n t he d i r t y waters of the world, we can reach the point when we can hardly distinguish between what is good and evil. Worse, we can consider what is actually evil as good. That’s why even during these times of tremendous progress in know ledge, science, technology and in practically every field of life, there is also such dramatic and massive darkening of conscience as to approve, l e g a l i z e and even sanction such inherently sinful things like abortion. To its proponents, abortion is now a human right. What the true spirit of penance does to correct this dangerous tendency of ours is to relate our knowledge of what is good and evil to God, and not simply to our own experiences, our own feelings, our own estimations and consensus,

no matter how backed up by powerful philosophies, ideologies and other technicalities. It is God, the Creator and our Father, who is the ultimate arbiter to know which is right and wrong, which is good and evil. It’s not us. We are not the creator of the universe nor of our own selves. We can only respect, reflect and follow what God the Creator has designed. And since God is God, infinitely supernatural and mysterious to us, we have to realize very deeply that this spirit of penance can only take place if it is developed in the context of faith, a gift of his that would enable us to see a more complete picture of reality. This spirit of penance ju s t c an n ot b e a m e re product of our own ma k ing , b as e d on ly on our estimations. It’s only when it is developed on the ground of faith that it enables us to see things more obj e c t ively, more deeply, more extensively. To t h is g i f t of f ait h w hich G o d g ives us in abund ance, we have to correspond with humility, that attitude of dependence on God, in sharp contrast to that of self-centeredness and self-absorption. That’s why some saints have described humility not only as our path towards

HINTS

and

Traces

By Fr. Roy Cimagala

truth, but rather as truth itself, since it would only be with that frame of mind that we can be in the truth. So the spirit of penance can only prosper in us if we have this indispensable humility in our system. If our spirit of penance develops in this way, we can be truly objective and realistic, knowing the downside and upside of our life. We feel assured that there is always hope. We a l s o wou l d h ave a keen awareness of what we need to do with respect to our wounded human condition. We can strengthen our defenses against our weaknesses, temptations and sin. We can have the sensitivity to promptly ask for forgiveness if we sin. We can always feel the need to purify ourselves, to atone and to make up for our sin and the sins of the others, etc. roycimagala@ gmail.com

BusinessWeek MINDANAO

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

Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

thu-fri|NOVEMBER 20-21, 2014

Tigerair Philippines’ Mid-Week Seat Sale MANILA, PHILIPPINES – Tigerair Philippines with its network made wider with Cebu Pacific holds a Mid-week seat sale from November 19, 2014 to November 21, 2014 or until seats last. Fly from Manila to Clark for ONE PESO (P1) and beat the holiday traffic! Travel period is from 15 December 2014 to 5 January 2015.

Guests traveling to Kalibo may now enjoy the beautiful beach of Boracay for only P399 from 15 December 2014 to 31 March 2015 while those who wish to spend the Holidays in Hong Kong may avail of our P699 seat sale for travel from 01 December 2014 to 31 March 2015. Hurry! Seats are limited so book now! For bookings

and inquiries, please log on to www.cebupacificair. com or call our reservation hotlines (02) 7020-888 and (032) 230-8888. Our latest seat sales can also be found on CEB’s official Twitter (@ CebuPacificAir) and Facebook pages and on Tigerair Philippines’ official Twitter (@tigerairPH) and Facebook (tigerair philippines) pages.

With the new routes, Tigerair Philippines now offers over 240 weekly flights. It flies to Hong Kong via Clark and 13 domestic destinations: Bacolod, Butuan, Cagayan de Oro, Clark, Cebu, Davao, General Santos, Iloilo, Kalibo, Manila, Roxas, Puerto Princesa, Tacloban and Tagbilaran utilizing a fleet of Airbus A320 aircraft. The candidates of Miss Oro Bankers 2014 (left to right) Josie Lou Tumanda (BPI), Lemonelle Gargar (BPI), Kristin Jablo (BPI Family Savings Bank), Imie Rose Zaluaga (BDO), Daisy Antonio (East West Bank), Lace Valerie Bongcayao (BDO), Flo rchen Bah ian (BDO), Edda Lim (Metrobank), Rochelle Francisco (UnionBank), Achaia Bais (Maybank) and E rika Angela Galceran (Sterling Bank) strike a pose. Coronation will happen tonight at Rodelsa Hall. PHOTO COURTESY OF RICH CONCEPCION AS PROVIDED BY ORO BANKERS

Miss Oro Bankers 2014 to crown tonight By MARK FRANCISCO

JONAH Belle Ollada, t he outgoing Mis Oro Bankers 2013, w ill relinquish her crow n tonight as a new cour t of Miss Oro Bankers 2014 w ill be named. In a rite to be held

at Rodelsa Ha ll t his evening at exact ly 6:00 p.m., Oro Bankers Club w ill once again feature 12 of its member-banks’ lovely employees in a one-of-a-k ind

competition, pitting tellers from various f inancia l institutions here. The candidates are t he follow ing: Josie Lou Tumanda (BPI), Lemonelle Gargar (BPI), Kristin Jablo (BPI Family Sav ings

Bank), Imie Rose Za luaga (BDO), Daisy Antonio (East West Bank), Lace Va lerie Bongcayao (BDO), Florchen Ba hian (BDO), Edda Lim (Metrobank), Rochelle Francisco (UnionBank), Achaia Bais (Maybank), Erika

Angela Ga lceran (Sterling Bank). Beyond ramping during t he f ina ls night, t he contestants a lso showed t heir humanitarian nature by hav ing an outreach at sitio Tinago, barangay Natumu lan

in Tagoloan, Misamis Orienta l. Oro Bankers is one of t he most active organizations in t he industr y in t he Philippines. They organize yearly f un runs and basketba ll tournaments in t he cit y.

BusinessWeek MINDANAO Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

Banking&Finance

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

8 DBM asks Senate for current-year P23-B supplemental budget thu-fri|NOVEMBER 20-21, 2014

number of priority projects under various government agencies, to account for the budgetary requirements of priority projects that were partially implemented or previously approved for implementation this year. Abad said, “Most of these projects have either already been completed, are on-going, or are urgently needed to sustain our socioeconomic development. The passage of the proposed supplemental budget will allow us to allocate

funds accordingly so we can complete these projects right away.” If approved by Congress, the 2014 Supplemental Appropriations will fund a

GSIS doubles emergency loans for UnionBank hikes fundraising on members in earthquake-hit towns strong demand

Leading an organization or a group is a kind comprehensive task that requires a thorough classification and organization of ideas and action plans. The same as well in the classroom setting, in order to hold a certain group in a way that daily goals are attainable, a teacher must be effective and efficient in leading and handling his class. It is also important for him to define the strategies contributing to his effectivity and efficiency, such as the kind of leadership that he will be engraving in his group. Psychologist Kurt Lewin argued that there are three major leadership styles. These are the following: The autocratic style of leadership is a kind where decisions are made by the leader without consulting the group, even if it said that the contribution of the members could be useful. This is appropriate when decision is necessary to be quick. Example of this is when a teacher elects group leaders for classroom cleaners. There is no need for the class to conduct votations for group leaders since the assigning is already done by the teacher. Democratic leadership is another leadership style in Lewin’s framework. In here, leaders do the final decisions but team members

THE Department of Budget and Management (DBM) on Wednesday asked the Senate for P23-billion supplemental budget for the current fiscal year to ensure sufficient funding support for crucial development initiatives, including infrastructure projects for post-Yolanda rehabi l it at i on and t he government’s preparations for the holding of the 2015 AsiaPacific Economic Cooperation (APEC) Summit. Budget Secretary Florencio

THE Government Service Insurance System (GSIS) is offering emergency loans to its almost 20,000 members displaced by floods and earthquake in Maguindanao and Cotabato last September. In a statement, the staterun GSIS said members from the municipalities of Mlang, Pikit and Tulunan in Cotabato, as well as those working or residing in Maguindanao can avail of its P15-billion Emergency Loan Program.

“Butch” Abad explained: “The National Treasur y has already certified the availability of funds to support these projects, but these appropriations must likewise be supported by proper legislation ... With the proposed 2015 National Budget already subject to Senate deliberations, we need the support of the House of Representatives to pass a supplemental appropriations bill to fund these projects.” Abad said that a total of

Those who hail from earthquake-hit town of Makilala, also in Cotabato, can avail of the emergency loan as well. The GSIS has doubled the P20,000 maximum loanable amount to P40,000 for more than 9,000 members who already have existing emergenc y lo ans since calamities may strike more than once in a given territory. More than 10,000 members in the said areas who have no existing emergency loan can

P16.4 billion — comprising the bulk of allocations under the supplemental budget — has been earmarked for the APEC initiative and Yolanda rebuilding. The DBM chief also said that the supplemental budget will cover liabilities arising from obligated infrastructure projects worth P1.85 billion under the Department of Public Works and Highways (DPWH). Lastly, the sum of P5.08 billion will be coursed to a

only borrow up to P20,000. In addition, the GSIS also removed the 12-monthly amortization requirement for loan renewal. The loan, which carries a 6 percent interest per annum, is payable in 36 monthly installments. The first loan amortization is deducted from the borrower’s salary three months after the loan was granted. To avail, borrowers should not be on leave of absence gsis/PAGE 11

MANILA – Union Bank of the Philippines raised more debt than it had planned amid strong demand for its Tier 2 notes. In a disclosure to the Philippine Stock Exchange, UnionBank said the final issue size increased to P7.2 billion, higher than the base target of P5 billion. The offer closed on November 13. “We at UnionBank are very happy and delighted hikes/PAGE 11

SONY BRAVIA 4K- FOUR TIMES FULL HD. FOUR TIMES THE EXPERIENCE

Experience those precious moments once again. The color of the sky, the grass, the sea, the refection in those eyes. Smiles so clear and laughter so real and vivid that you are not just recalling that moment in time, but, as if in a dream, reliving it all over. Discover the 4K and its design excellence. Four times more beautiful from every angle. With four times more detail than Full HD, you can’t see the individual pixels in 4K resolution images. Visit SONY CENTRE at Limketkai Mall and see the difference. FREE PS4 FIFA 14 bundle for selected models. BUY NOW AND PAY IN 2015!!! 0% 24 MONTHS!!! HAPPY HOLIDAYS!!!

number of priority projects, ranging from the rehabilitation of the LRT lines 1 and 2 to the construction of permanent housing for the victims of super typhoon Yolanda.

Kurt Lewin’s Leadership Style Framework By Nora P. Opaon Teacher III Baliwagan National High School Balingasag South District

are included in the decisionmaking process. This often encourage interest and creativity for team members are possible to attain high job satisfaction and high productivity. In the classroom, for an instance, the teacher wants to create poster for “Buwan ng Wika” theme and she encouraged the students to give ideas how and what way it will be drawn, what are the symbols, how it will be presented and the like. In the end, the teacher will decide what are best ways among the ideas given. The last leadership style in Lewin’s framework is the Laissez Faire. The name is a French word that means “leave alone”. In Laissez Faire, the team leader gives his members the freedom in working. Just for example in a call center agency. The employer will just give her agents the resources and even pieces of advice but in handling the clients, he will leave it all on the agent. This style will leave a high job satisfaction to the person but will also be damaging if the person can not manage his time well. The style of management is very important. The effectivity of the leader highly depends on how he managed the group by way of what leadership style he is applying.

BusinessWeek MINDANAO

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

Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

thu-fri|NOVEMBER 20-21, 2014

PRINT MEDIA TRAINING MODULES Print Media 1. 2. 3. 4. 5. 6. 7.

Column Writing Editorial Writing Editorial Cartooning Feature Writing Fact-sheet Writing Feature Writing First Aid During Media Coverage and Other Emergency Situations 8. Headline Writing 9. Investigative Reporting 10. Keeping Media Practitioner’s Family Safe

11. Layouting 12. Low-cost Media 13. News/Press Conference Organizing and Facilitation 14. News Paper Editing 15. News Writing for Print 16. Photography 17. Print News Release Preparation 18. Securing the Newsroom 19. Specialized Writing : Sports, Business, etc.

BROADCAST MEDIA TRAINING MODULES

WHEELCHAIR BENEFICIARY – VICE GOVERNOR JOEY G. PELAEZ, with the help of Children International Philippines, Inc. (CIPI), gives wheelchair to Jomairah Y. Flores of Luyong Bonbon, Opol, Misamis Oriental. Jomairah is a child with special needs who goes to school with the help of her mother, Marylou Y. Flores. Jomairah is a seven (7) year old girl studying at Poblacion Opol Day Care Center. The wheelchair will now allow Jonairah to go to school with ease and convenience despite her condition, a vision which CIPI wants realized.

Agri sector grows nearly 10% despite major storms PHILIPPINE agriculture g re w by 9.55 and 0.33 percent in terms of value and volume respectively since January, the Department of Agriculture (DA) said on Friday. Citing a report from the Philippine Statistics Au t h o r i t y ( P S A ) , t h e DA said that agriculture managed to grow even after damage caused by recent storms due to a boost in the crops and livestock subsectors. Because of this, national agricultural output grossed P1.1 trillion at current prices on the back of better prices paid to food producers in the crops, livestock and poultry subsectors. Agriculture Secretary Proceso Alcala welcomed the report and said this showed the need to continue f i n d i n g w ay s t o s e r v e stakeholders. “Kailangan ang interventions at programa sa ibaba, tuloy-tuloy lang, at ating pag-iibayuhin kung kinakailangan,” Alcala said. Crops and livestock Palay production reached 11.41 million metric tons from the period of January to September, a 0.41-percent increase from last year’s output. Corn production also increased by 0.07 percent to 5.93 million metric tons during the same period.

Meanwhile, production in high-value crops like mango, cassava and sugarcane also went up. Sugarcane expanded by 7.09 percent due to the increased yield from the efficient use of fertilizer and favorable weather conditions in Negros Occidental, the DA said. Mango harvest increased by 9.09 percent as more voluntary flowering, less f r uit fa l l and i nc re as e d bearing trees were noted in the Ilocos region in the second quarter of the year. Cassava also continued its production increase with a not abl e 8 .9 2 -p erc ent growth. Overall, the crops subsector which contributed 51.03 percent to the total agricultural production grew by 1.2 percent. The livestock subsector expanded by 1.05 percent in terms of output on the back of growth in the production of hog (1.2 percent), carabao (0.15 percent), cattle (0.46 percent) and dairy (2.01 percent). Poultry and fisheries On the contrar y, the poultr y and fisheries subsectors suffered decreases following damage from major storms. Poultry output dropped by 0.74 percent while the harvest of chicken and duck eggs went down by 5.31

percent and 0.91 percent, respectively. The fisheries subsector also fell by 1.8 percent in

output due to low harvest of milkfish (-2.59 percent), tiger prawn (-4.87 percent) and seaweed (-4.37 percent).

PHL’s 1st halal slaughterhouse rises in Cotabato COTABATO City -- The first modern and state-ofthe-art halal slaughterhouse in the country is rising in Cotabato City. Another slaughterhouse that will cater exclusively to hogs is also undergoing renovation and rehabilitation. Halal is an Arabic word that means permissible or allowed according to Islamic laws. Mayor Jap a l Gu i an i Jr. said the modern halal slaughterhouse, situated in Barangay Tamontaka, Cotabato City, is expected to be operational by the end of the year. Dr. Robert Malcontento, DVM, Cotabato City veterinary chief, said the P18- million slaughterhouse was funded by the National Meat Inspection Ser vice (NMIS) and realized through the efforts of Dr. Minda Manantan, NMIS executive director. Malcontento personally worked for the establishment of modern slaughterhouse, the first and biggest so far in Mindanao, as well as the

rehabilitation of another slaughterhouse that will cater to hogs in Cotabato City. “Cotabato City is lucky to have secured the funding for the new halal slaughterhouse and the rehabilitation of the old slaughterhouse that will cater to hogs,” Malcontento said. While the construction of halal slaughterhouse was ongoing, the city was again granted another P15 million for the repair, rehabilitation and modernization of the old slaughterhouse. Recently, Malcontento who represented Guiani signed initially the memorandum of agreement w it h Manant an on t he P15-million rehabilitation and coversion of the old slaughterhouse into “AA” Standard Hogline at the NMIS office in Quezon City. Guiani visited the construction site on Friday to check on the progress and told veterinary officials and the contractor to ensure the project is being built according to standards. halal/PAGE 11

1. Audiocraft 2. Audio News Release Production 3. Broadcast Editorial Writing 4. Broadcast Media and the Church Broadcast News Scriptwriting \ Broadcast News Simulation 5. Communication Theory 6. Community Radio Program Production 7. Conducting Energizers/Ice Breakers 8. Coverage of Civil Disorders, Natural and Human-induced Catastrophic Situations, Wars and Conflicts, Abuse and Exploitation 9. Data Gathering 10. Dealing with Death Threats and Surveillance 11. Disc Jockeying (Disk Jokering) 12. Effective Listening and Questioning 13. Feature Writing and Production 14. First Aid During Media Coverage and Other Emergency Situations 15. Headline Writing 16. Interviewing Children 17. Investigative Reporting 18. Keeping Media Practitioner’s Family Safe 19. Lantern Lecture Techniques 20. Microphone Handling 21. Newscasting

22. Non-linear Audio-Video Editing 23. News/Press Conference Organizing and Facilitation 24. Overcoming Ambush Interview 25. Overcoming Stage Fright 26. Program Hosting/Anchoring 27. Public Journalism 28. Radio, As Community Development Tool 29. Radio Programming 30. Radio and TV Guesting and Interview 31. Securing the Newsroom 32. Specialized Writing : Sports, Business, etc. 33. Telephone Interview and Reporting 34. Television, As Community Development Tool 35. Video Camera Handling 36. Video News Release Production 37. Voice Development Others 1. Structured Learning Exercises 2. Trainers Training on Training Facilitation 3. What To Do When Abducted, Arrested, or Stopped at Checkpoints or Roadblocks 4. Zero Waste Management

GENDER AND HEALTH TRAINING MODULE

1. Adolescent and Youth Health 2. Gender and Reproductive Health 3. Gender Sensitivity for Couples, Women and Men 4. Gender Sensitivity in Media 5. Gender Sensitivity Training for Lupon 6. Gender in Waste Management 7. Violence Against Women and Children

INFORMATION, EDUCATION, COMMUNICATION (IEC) and ADVOCACY MODULES 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17.

Brainstorming and Project Presentation Building a Constituency for Support Communicating with the Adolescents, Handicaps Community Organizing and Planning Community Public Address System (ComPAS) Conducting an Advocacy Campaign Designating Spokespersons Data Gathering Defending Against and Addressing the Opposition Development Communication Educating Colleagues Establishing Goals, Objectives and Activities Expanding Your Base of Support Enhancing Your Public Education Efforts Establishing Hotlines Framing Issues and Shaping Your Message Going Public/External Relations

18. Intrapersonal and Interpersonal Communication 19. Knowing Your Community 20. Letter to the Editor Writing 21. Making Contacts 22. Media Relations 23. Networking and Coalition Building 24. Objective Setting and Action Planning 25. Organizational Communication 26. Overcoming Burnout 27. Overcoming Stage Fright 28. Program/Project Audience Analysis 29. Project Proposal Writing and Presentation 30. Public Address System Operation 31. Public Speaking 32. Reaching the General Public 33. Reaching Policy Makers, Lobbying, Legislative Approaches 34. Strategic Planning 35. Verbal and Non-verbal Communication 36. Vision, Mission and Goals Setting 37. Writing Mission Statements

VALUES AND RELATED TRAINING MODULES

1. Aggressiveness and Assertiveness 2. Coping With (Post-traumatic) Stress and Depression 3. Dealing with Conflict 4. Developing Positive Personal Values 5. Discovering Interpersonal Life 6. Emotional Quotient 7. Etiquette and Grooming 8. Good Passenger Handling 9. Human Relations and Personhood 10. Intelligence Quotient 11. Leadership 12. Overcoming Difficult People 13. Prayer Writing and Delivery 14. Public Relations 15. Sermon Writing and Delivery 16. Supervisor, as Formater 17. SWOT Analysis 18. Team-building 19. Values Clarification

For training facilitation, please contact +639997990008, +639262553215, or +639355588706

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

friday|NOVEMBER 21, 2014

GARDENS OF MALASAG:

Eco Tourism Village

By JOE PALABAO

deally located in the prime scenic and touristic area of East Cagayan de Oro City, the beautiful and exotic Gardens of Malasag Eco Tourism Village promises a relaxing and wonderful visit of foreign, domestic and local tourists. The hotel has everything you need for a comfortable stay. Coffee shops, tours, room service are there for the guests’ enjoyment. Each guest room is elegantly furnished and equipped with handy amenities. The hotel offers various recreational opportunities. The Gardens of Malasag Eco Tourism Village is an excellent choice from which to explore Cagayan de Oro or to simply relax and rejuvenate. Come let us commune with preserved nature! At the Gardens of Malasag Eco Tourism Village, guests will have a touch of the reminiscence of Mindanao indigenous people’s culture like the Manobos and the Higaonons. Breathe the clean air of Mala-

sag and be exhilarated at this 7.2-hectare diversified bio-sanctuary on the rolling terrain of Barangay Cugman Watershed in Cagayan de Oro City. A botanical garden, wildlife habitat, and eco-community rolled into one. Let us camp, trek, or picnic in the midst of rare orchids, frangipani, hibiscus and exotic fauna. Or explore eco-trails connecting to a reforested area. Experience Mindanao culture with showcase of traditional dance, native musical instruments and hand woven products. Let us all enjoy with the best amenities and hospitality of the Gardens of Malasag Eco Tourism Village managed by the Tourism Infrastructure and Enterprise Zone Authority. Get that TIEZA TREATMENT. Their facilities offer a scenic view of Macajalar Bay and they have state of the art accommodation with five (5) superior and nine (9) De luxe cottages. Their spacious dormitory has four (4) rooms with a minimum of ten (10)

persons per room. Dine and enjoy their native cuisine at their Higa-onon Resto Café, seating capacity of sixty (60) persons. For their Function Areas they offer the exotic beauty of their Traveller’s Palm Hall- with a capacity of 100 persons, enjoy the ambience of their non-aircon Calachuchi Hall with a 100-persons capacity and for a bigger function be enthralled with their Amphitheater venue carrying a capacity of 200-300 persons. Their recreational facilities offer picnic sheds with barbeque grills and pits, miniature canopy walk for the guests with a breathtaking experience.

Be refreshed at their swimming pool. For your ‘pasalubong’ to your friends and loved ones, take a pick of their beautiful souvenirs at their native souvenir shop and enjoy with your loved ones as you settle for camping at their campground. COME LETS LIVE GREEN AND BREATHE THE CLEAN AIR OF GARDENS OF MALASAG ECO TOURISM VILLAGE!!!

BusinessWeek MINDANAO

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

Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

thu-fri|NOVEMBER 20-21, 2014

Payment... from page 1

integrated by a qualified investor or consortium to be vetted, qualified and chosen by the city. “For nearly fifteen years (since 1999) NSC has not been in operation and was under liquidation proceedings with the Securities and Exchange Commission under SEC Case No. 12-99-649, and it is to the best interest of Iligan City to take action on the real property tax liabilities of NSC which amounts to P4,163,523,561.92 as of September 30, 2014,” Regencia said. Belmonte, on the other hand, said the notice is still addressed to NSC despite it having new owners the Global Steel Philippines (GSPI) because the title of the 160-hectare NSC property has not yet been transferred to the new owners when the NSC was sold to Indian-owned firm in 2004. “The tax levy is a way to also force the parties involved – the liquidator, bank creditors and the owners – to resolve whatever legal issues they have,” he said. “ “They have to pay or operate the plant,” Belmonte said. In 2005, the city government had tried to file for a tax levy against NSC for unpaid real estate taxes in 1999-2005, but was barred because of a stay order from the Securities and Exchange Commission as the facility at that time was undergoing rehabilitation. Belmonte said that NSC or the liquidator will have two options of selling the plant or negotiate with the city government of Iligan with the end in view of possibly of reoperating the plant. Since, the NSC has a huge debt to the local government then it will have the right over the property On July 17, both Regencia and Belmonte jointly signed an executive order creating the National Steel Corporation Working Group (NSCWG) which is tasked to collect back taxes from the idle steel plant, for the purpose of re-opening, rehabilitating, operating, and its eventual integration, which was left unattended and dilapidated, looted and cannibalized while the bank creditors, shareholders and investor were locked in legal conflict. Working group chair Engr. Norberto J. Oller said the amount constitute NSC’s tax liability to the city of Iligan. A warrant of levy is an authorization to collect tax from a delinquent taxpayer by levy upon all its property or rights to property and the conversion thereof to money by appropriate means. Levies are a specialized form of warrant and are generally used to withdraw funds from a taxpayer’s financial institution account or garnish a taxpayer’s wages. Levies are generally used when a taxpayer has failed to resolve a debt through voluntary payment. Warrants are used to close a taxpayer’s business and/ or seize a taxpayer’s real or personal property other than a financial institution account or wages. Warrants are generally used when a taxpayer has failed

to resolve their debt through voluntary payments and the debt is continuing to escalate. When NSC was sold to Wing Tiek Holdings Berhad of Malaysia in 1994 and subsequently to Hottick Investment Limited, it became insolvent and ceased operations by 1999. Indian investors Global Ispat took over in 2004 for a total price of P13.25 billion including an upfront cash of P1 billion while the remainder was to be paid over an 8-year period. That privatization was overseen by then DTI Secretary Mar Roxas. At that time of privatization, NSC’s debts were placed at P16.18 billion but its assets had been assessed at P29.27 billion. The Philippine National Bank (PNB) has the largest exposure to the company of P5.64-billion. Government-owned Land Bank of the Philippines followed with P1.2 billion. The Indian owners failed to sustain the Iligan steel mill operations and eventually went on total shutdown in 2009. NSC had been abandoned, looted and is now rotting in its sprawling industrial complex in the heart of Iligan, the industrial city of the south.

Launched... from page 1

Corp, WorldPower Alliance Ltd, Power Mavens Holdings Ltd, which invested P1 billion to build the power plant to address electricity shortage in the area. But even before the new power plant could go online, Dr. Walter A. Brown, ABCI chair, committed to expand the capacity of PSI reportedly by 15 MW, owing to the “businessfriendly environment and the support shown by various stakeholders to the project.” “Now we have complied with our commitment,” he said of the brand new power plant, which he noted was constructed in response to the need of the locality. He was referring to the eight-hour daily brownouts the locality faced in the past few years. Energy Secretary Carlos Jericho Petilla, the event’s main guest, lauded the company for building the power plant. He cited the partnership between PSI and the South Cotabato Electric Cooperative 2 (Socoteco 2) as a “model in narrowing supply shortfall in a locality.” PSI would supply the plant’s output to Socoteco 2, and after 15 years, the cooperative will own the facility since it was constructed through a buildoperate-transfer (BOT) scheme. The energy secretary said the BOT agreement between the company and the cooperative was the first in the country. “I hope we’ll have more of this initiative since this is what we need for Mindanao,” Petilla said. PSI president Roel Castro said they are still waiting for a clearance from the Energy Regulatory Commission for the plant to go online. “We are expecting the clearance to get out very soon… [Once online], the people of General Santos will have, not really zero, but reduced

brownouts this Christmas season,” Castro said. He noted the plant’s completion was ahead of schedule since their deadline should have been in January 2015. Castro thanked the local government unit, the business sector, the Socoteco 2 and other stakeholders for their support to the project. Socoteco 2 President Elenito Senit also lauded the company for constructing and completing the power plant. “This is a dream come true for Socoteco 2,” he said, noting that the eight-hour daily blackouts experienced by the consumers in the past few years, especially during the summer period, would no longer happen because of the new power plant. Socoteco 2 serves this city and the entire Sarangani province and parts of South Cotabato. “We hope you will transfer the power plant to us still in A-1 [fine] condition,” Senit said.

Recession...

from page 1 China, Korea, Iran, Saudi Arabia, Kuwait, United Arab Emirates, Hong Kong, New Zealand, Russia, Singapore, Qatar, Bahrain, Egypt, Oman, Jordan, Iraq, Malaysia, Indonesia, United Kingdom, Vietnam, Thailand, Brunei, Turkemistan, Turkey and Bulgaria. But small banana growers see things differently, saying they are concerned of the recession in Japan. Ireneo Dalayon, chief executive of the Federation of Cooperatives in Mindanao (Fedco), said growers under Fedco are exporting at least 5,000 boxes of bananas to Japan every week. While Japan is their biggest market, Dalayon said they are also exporting bananas to China and Middle East countries.

Challenges... from page 2

substantial parts of Mindanao as well as the ASEAN economic processes gave us optimism of the long-term growth and prospects of the region,” he further said. According to him, the proximity of the region to ASEAN neighbors entices great interest from foreign businesses look at it as the gateway for a fast growing market for goods and services. Topics discussed in the conference included recent economic developments and outlook; foreign exchange rate developments; strategies for managing foreign exchange risks; the BSP’s regulatory framework on hedging; and cross country experiences on achieving external competitiveness.

Holcim... from page 4

the opportunities in emerging countries,’’ Chief Financial Officer Thomas Aebischer said in the statement on Tuesday. ‘‘Our current footprint will allow us to grow for several years without significant expansion needs, creating higher returns for our shareholders.’’ Chief Executive Officer Bernard Fontana is coming to the end of a 2 ½-year cost-

cutting program to add 1.5 billion francs to earnings with measures that included closing European plants where demand for cement was low as well as streamlining procurement and logistics. India, Holcim’s largest market by sales, was partly to blame for cutting a sales forecast last year. Now, Holcim expects the recent favorable development under the new Indian government to continue, leading to faster-growing cement demand from 2015. Indonesia and the Philippines are expected to be the growth drivers in the South East Asia region, Holcim said. The $40-billion merger will couple Lafarge’s African cement plants with Holcim’s Asian assets, to increase exposure to faster-growing regions while at the same time selling less dynamic European plants to get the deal past regulators. Mr. Fontana became the first outsider to lead Holcim when he joined the 102-year-old Swiss company in February 2012. Drawing on his past experience of overhauling steelmaker Aperam, he implemented his so-called ‘‘Holcim Leadership Journey.” He will help to integrate the two companies before Lafarge chief Bruno Lafont becomes head of the merged entity next year. -- Bloomberg

AgriNurture...

from page 4 doubled to P209.58 million,” AB Capital’s Mr. Tiu said. He also pointed out that freight and handling costs ballooned by 208.51% year on year to P132.65 million. “So despite a positive net income, net income attributable to parent equity holder is still negative. This is something that investors should look at,” AB Capital’s Mr. Tiu said. Luis A. Limlingan, managing director at Regina Capital Development Corp., said in a separate phone interview that it is “strange” that the company’s expenses are increasing when its revenues are decreasing. “It also seems like the company is taking on more debt,” he added. As of Sept. 30, AgriNurture has total liabilities worth P2.87 billion, higher than the P2.5 billion reported by end-2013. The company’s chairman, Antonio L. Tiu, has testified in the Senate, disputing allegations that he is the alleged dummy of Mr. Binay who supposedly owns part of a 350-hectare property where AgriNurture conducts some of its operations.

on the Emergency Loan Program may be directed to the GSIS Contact Center at 847.4747.

Hikes... from page 8

with the impressive pace we surpassed our base offer target causing the need to increase our issue size,” said Victor B. Valdepenas, the Aboitiz-owned lender’s president and chief operating officer. UnionBank had secured the approval of the Bangko Sentral ng Pilipinas to sell up to P10 billion worth of unsecured subordinated debt notes. The Tier 2 Notes, which carry a coupon rate of 5.37 percent per annum, have a tenor of 10 years and 3 months with a call option after 5 years and 3 months. The debt issuance aims to strengthen the bank’s capital base to support its expanding lending and investment businesses. UnionBank mandated BDO Capital & Investment Corp as its issue manager, lead underwriter and selling agent for the transaction. Other parties to the transaction are China

Banking Corp as underwriter and selling agent, Multinational Investment Bancorporation as market maker and selling agent, UnionBank as limited selling agent, Deutsche Bank AG Manila-Investor Services as registrar and Development Bank of the Philippines-Trust Department as public trustee. UnionBank is part of Aboitiz Equity Ventures Inc, which has interests in power generation and distribution, food and real estate.

Halal... from page 9

Malcontento assured the Double “A” Halal slaughterhouse project was in accordance with the Philippine standards in building construction. Vicente Lao, Mindanao Business Council chairman, told a gathering of investors in Davao recently that there is a big market for halal products in the countries that composed the Brunei Darussalam, Indonesia, Malaysia, PhilippinesEast Asean Growth Area. A new and modern halal slaughterhouse will prepare the region for the Asean integration by the end of next year.

APARTELLE FOR SALE 30 M (NEG.) 1. LOCATION: Mactan Lapu-Lapu City Cebu, Near Imperial Palace Lot are 1,541 SQM 11 Fully Furnished Room w/ Hot & Cold Water, LCD, WIFI Cable w/ Coffee Shop, office, Nice Garden, Parking Space, 2 Staff Room, Income 150K above/month View Hiros Apartelle, Mactan or Youtube and Facebook

LOT FOR SALE 2. Hillsborough Pointe Pueblo Upper Carmen No Flood near SM & School at 6,500/SQM Lot Area: 395 SQM, Hillsborough Pointe Lot 2 Phase 4. 3. VIOS 1.5 XXXL, limited edition, Mileage 44K Full Skirt Sport type All Mags, 495 k Call: 850-1324/0917-853-5958 BWM: Nov 10, 2014-Jan 31, 2015

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 43 Gingoog City OFFICE OF THE CLERK OF COURT & EX-OFFICIO SHERIFF NOTICE OF EXTRA-JUDICIAL SALE File No. 199 Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118, filed by PEOPLES BANK OF CARAGA, with principal address at Sibagat, Agusan Del Sur, against MRS. MARLENE KHO CORONADO of Brgy. 20, Gingoog City, Misamis Oriental . to satisfy the Mortgage indebtedness which as of July 28, 2014 have amounted to THREE HUNDRED NINETY THOUSAND ( P390,000.00) PESOS including interest, and other charges plus 10% of the total amount of indebtedness as attorney’s fee, and excluding Incidental expenses and expenses for foreclosure, and other fees incurred in the foreclosure proceedings, the undersigned Sheriff will sell at public auction to the highest bidder for CASH on December 19, 2014 at 8:00 o’clock in the morning to 4:00 o’clock in the afternoon at the Office of the Clerk of Court, Regional Trial Court, Dugenio St., Gingoog City, the following properties with all the improvement existing thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-14028 A parcel of Land situated in the Poblacion, city of Gingoog, Island of Mindanao, Philippines, known as Lot No. 09, Pcs 10-001369 and containing an area of Two Hundred Ten(210) Sq.m more or less with building constructed on the same Lot bearing Tax Declaration No. E-017221. Bounded as follows:

GSIS... from page 8

without pay; have no arrears in paying mandatory monthly contributions; and have no loans that are unpaid Interested members can apply the GSIS Wireless Automated Processing System (GWAPS) kiosks in GSIS offices, provincial capitols, city halls, selected municipal offices, large government agencies such as the Department of Education, and selected Robinsons Malls. The loan is electronically credited to the borrower’s GSIS eCard. GSIS accepts applications until December 3, 2014. Inquiries

NORTH : NW LOT 10 EAST : NE LOT 14

SOUTH : SE LOT 08 WEST : SW LOT 196 (Road)

All sealed bids must be submitted to the undersigned on the above stated date and time. In the event the public auction should not take place on the said date, it shall be held on the next working day without further notice, posting and republication. The prospective buyer/s may investigate for themselves the title of the herein described property/properties and the encumbrances thereon, if any there be. Gingoog City, October 24, 2014.

FOR THE EX-OFFICIO SHERIFF BY:

BWM: Nov. 7, 14 & 21, 2014

(Sgd.) FLORA C. PEREZ Sheriff IV RTC-Branch 43 Gingoog City

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

friday|NOVEMBER 21, 2014

THU-FRI | NOVEMBER 20-21, 2014

editor: SHAUN ALEjANdRAE YAp UY

BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER 2013 ppi’S BeSt in BuSineSS and economic RepoRting

Parasat Cable TV MAIN OFFICE (088) 857-2662 (08822) 72-6112 Cruz Taal St., Divisoria (088) 857-3837 (08822) 72-1655

Jefferson U. rolida, President & General Manager - nissan Cagayan de oro distributors, inc. with the all-new nissan X-Trail, at the showroom located at the elipe Park, Kauswagan road, Cagayan de oro. Photo by sHaUn aleJandrae YaP UY

NISSAN launch All-New X-Trail in CdeO Cagayan de OrO City – nissan Cagayan de Oro distributors, inc. launches the all-new X-trail to the Mindanao area at the Limketkai Center, november 21. the rapid growth and ever increasing demand for vehicles in the Mindanao area is seen by nissan to have great potential in this side of the country. the all-new nissan X-trail boasts of an intuitive 4-wheel drive system, with X-trail’s all-Mode 4x4-i, capable

on-road and off. auto Mode constantly monitors conditions and adjusts the balance of power between front and rear wheels for best traction. nissan CdO President & general Manager, Jefferson U. rolida says “i honestly think this type of vehicle will make more impact in Mindanao than in Cebu, the sedans probably for Cebu, SUVs and pick-up trucks for here, Mindanao is a pick-up market”.

X-TRAIL | Page B2

The all-new nissan X-Trail in fiery red on a test run in Taguanao, Cagayan de oro, the 2015 X-Trail is available at nissan Cagayan de oro distributors, inc. showroom, elipe Park, Kauswagan road, Cagayan de oro. Photo by sHaUn aleJandrae YaP UY

BusinessWeek MINDANAO

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

Feature B2 Congrats to all ABA winners! BEST IN BUSINESS ANd EcoNoMIc REPoRTINg

PhIlIPPINE PrEss INsTITuTE Civic Journalism Community Press Awards 2013

THU-FRI | NOVEMBER 20-21, 2014

By Sheryl M. Sabanal/Momsy Tyrabol Contributor

XUHS-ABA (Alumni Basketball Association) Season 5 “ THE ROAD TO FINALS” has finally ended last November 16,2014 Sunday. The ABA season 5 Opening Ceremony started last August 17,2014 held at XU Gym sponsored by the batch 2004 as ABA welcome the newbies in Basketball. In the next season 6 that awaits to everyone will be on the target month between early June or July 2015 with another sponsored by the batch 2005 newbies. The ABA summer league will be on the target month of April in which it will be open to all

schools who can join. Bracket A St. Francis Xavier Cup winners: 80’s All star-Champion, 19911st Runner up, 1990-2nd Runner up. Bracket B St. Peter Faber Cup winners: 1995-Champion,19971st Runner up,19942nd Runner up. Bracket C St. Ignatius Loyala Cup winners: 1999-Champion,20011st Runner up,2004-2nd Runner up. The ABA MVP 2014 awards goes 80’s all star Champion-Arlan Marlowe Penaflor #5,1995 Champion-Clyde Igot #20,1999 Champion-Albert Montenegro #10.

Batch 1999 Champion Batch Governor : Gelo Obrero Vice-Governor: Albert Montenegro. Paopao Roa Team Captain: Marco Sabal

X-TRAIL from Page B1... ‘Built on testosterone’ First introduced in 2003, the X-trail has long been the choice of many Filipinos because of its versatility, unique design, and capability. Built and assembled in nissan’s Kyushu plant in Japan, the all new X-trail has a commanding presence that very few in its segment can match. it mixes bold lines with a muscular body to create a look that can only be matched by its stunning on- and off-road performance. With bold lines and powerful curves, the all new X-trail adopts the V-motion front grille design to boost the brand’s visual presence and exudes a more modern, crossover look with an undeniably imposing muscular stance. it also has a sleek, new boomerangshaped head and tail lamps that stylishly bookends the best-looking X-trail to date. not to mention the Led daytime running lights making it possible to guarantee safety while still looking sharp. the third generation X-trail is not just better; it literally is a lot bigger, boasting a seating capacity of seven. the

cabin offers a variety of configurations - 40:20:40 on the second row with slide function and 50:50 on the third row – making it an ultra-flexible vehicle, ready for any situation that may arise-from cruising around the city driving to challenging the great outdoors. and with doors swinging as wide as 80 degrees, getting in and out won’t be a problem. Larger than the previous model and certainly among the biggest in its class, the all new X-trail possesses an imposing stance and translates all of that size into plenty of interior space allowing it to be always ready for your next adventure, every single time. its on-road performance is undoubtedly a beast to behold with a 210 mm ground clearance, the all new X-Trail gives you that extra confidence needed for your next off-road adventure or to simply conquer the next enhanced monsoon rain. Built with the customer in mind, the all new X-trail comes standard with a Push Button ignition paired with nissan’s intelligent Key System and an eCO Mode Switch that helps the driver achieve better fuel consumption. the vehicle also has an eco evaluation system, which displays a Pedal guide

Batch 80’s All Star Champion Batch Governor: Darwin Sarraga Vice-Governor: Ricardo Mateo Team Captain: Gerardo Sabal III

Batch 1995 Champion Batch Governor: Fred Philip Dael Vice-Governor: John Lubaton Team Captain: JanJan Geroy

monitoring your drive’s fuel efficiency. the all new X-trail comes with a completely new look without abandoning key elements of its design that speak of its power to conquer challenges presented by the terrain and the ability to cater to your active lifestyle. innovation that excites More capable than ever before, the testosterone-driven all new X-trail comes cloaked in sophisticated lines that accentuate its size, letting it exude a doit-all aura that is complemented by these new innovative features: active ride Control – thread rough roads effortlessly using active ride Control, which monitors the road surface to detect road imperfections – letting the vehicle automatically adjust to any road condition and keeps the ride smooth. active engine Brake – Using nissan’s XtrOniC Continuously Variable transmission (CVt), active engine Brake ensures you can smoothly transition into a corner with better braking control and better pedal feel sans the usual braking effort. around View Monitor – nothing is as appealing as seeing a beauty in all fours. With X-trail’s around View

Monitor, get a bird’s eye view of the vehicle using 4 different camera angles making backing and parking as smooth and easy as possible. Hill Start assist – drive through steep inclines without breaking a sweat with Hill Start assist. this standard feature in all 4Wd variants utilizes torque and brake detection preventing the vehicle from sliding back whenever you’re on a steep incline. what’s new the all-new X-trail comes in Pearl White, diamond Black, Brilliant Silver, Fiery red and an exclusive color for the 4x4 variant--Copper Blaze. it comes in two trims; the top of the line is a 4Wd powered by a 2.5L engine producing 171 PS and 233 nm of torque and boasts of a state of the art infotainment system with a 5-inch LCd display. the 2Wd variant has a 2.0L engine that puts out 144 PS and 200 nm of torque. Both models are mated to nissan’s XtrOniC Continuously Variable transmission (CVt) with the option of manual mode. the third generation X-trail are now available in nissan showrooms. Visit your nearest nissan dealership today.

BusinessWeek MINDANAO

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

Environment B3 P23-B supplemental budget to scale up Yolanda aid, APEC preps BEST IN BUSINESS ANd EcoNoMIc REPoRTINg

PhIlIPPINE PrEss INsTITuTE Civic Journalism Community Press Awards 2013

THU-FRI | NOVEMBER 20-21, 2014

MANILA -- In its bid to develop a more responsive budget plan for the next fiscal year, the Department of Budget and Management (DBM) is pushing for a P23-billion supplemental budget to ensure sufficient funding support for crucial development initiatives, including various infrastructure projects for post-Yolanda rehabilitation and government preparations for the 2015 Asia-Pacific

E conomic C o op erat ion (APEC) Summit. Budget Secretary Florencio “Butch” Abad explained, “The National Treasury has already certified the availability of funds to support these projects, but these appropriations must likewise be supported by proper legislation. With the proposed 2015 National Budget already subject to Senate deliberations, we need the support of the

House of Representatives to pass a supplemental appropriations bill to fund these projects.” A total of P16.4 billion— comprising the bulk of a l l o c at i o n s u n d e r t h e supplemental budget—has been earmarked for new priority initiatives. Of this amount, the Administration’s Yolanda reconstruction and rehabilitation program will get P9.5 billion. Another P1.44 billion will support

key projects in preparation for the APEC Summit, which the Philippines will be hosting next year. The Budget chief also said that the supplemental budget will cover liabilities ar is ing f rom obl ig ate d inf rast r uc ture proj e c ts worth P1.85 billion under the Department of Public Wo r k s a n d H i g h w a y s (DPWH). Lastly, a total of P5.08 billion will be coursed to a number of priority

proj e c ts under var ious government agencies. The funds will account for the budgetary requirements of priority projects that were partially implemented or previously approved for implementation this year. Abad said, “Most of these projects have already been completed, are on-going, or are urgently needed to sustain our socio-economic development. The passage of the proposed supplemental

budget will allow us to allocate funds accordingly so we can complete these projects right away.“ If approved by Congress, the 2014 Supplemental Appropriations will fund a number of priority proj e c ts, rang ing f rom the rehabilitation of the LRT lines 1 and 2 to the construction of permanent housing for the victims of super typhoon Yolanda. (DBM)

Youth Camp explores biodiversity of Nogas EMB to conduct lectures in schools on climate change

The youth camp in Nogas island, Anini-y recently organized by the Philippine Information Agency did not only teach children about their significant role in climate change mitigation and adaptation campaign but also gave them the opportunity to explore and

At least three “liba-liba” boats were seized on Wednesday (19 Nov 2014) off Placer town in Surigao del Norte. The seizure was conducted through joint efforts by the Philippine Navy and the Bureau of Fisheries Aquatic Resources (BFAR)-Caraga. Liba-liba, known internationally as “Danish Seine,” reportedly destroys coral reefs and has been banned locally since last year. At least 18 persons from the boats are now in the custody of BFAR-Caraga in Surigao City. mindanews photo by roel n . catoto

appreciate the biodiversity of the island. Aside from lectures and discussions of important topics, issues and impact of climate change to the environment, coastal resource management, coral reef restoration and disaster risk management, the youth

camp also featured activities that allowed the campers to be familiar with the natural resources of Nogas. Familiarization of the island started with the legend shared by Information Officer Bonz Eimar of the Municipal Government of Anini-y on how the island came to be in a love story of the beautiful daughter of Datu Oyong named Anini and her brave lover Nogas. The highlight of all was a group activity that allowed the students to discover the island with the purpose dubbed as ‘Amazing Race Nogas Island’. This was facilitated by Jose Edison Tondares, Jofred Martinez and other volunteers of ‘Likas Tama’ of St. Anthony’s College. The game has five stations and each stop has tasks and challenges to fulfill. The campers are required to

identify plants, trees and other creatures in the island and their uses. Nogas island is a 24-hectare area with white sand and mangrove plantation. It’s about 15-minutes ride from Brgy Nato near the famous Sira-an Hot Spring. The sea surrounding the island is also endowed with excellent coral reefs where fishes and other marine resources thrive. B efore re aching t he lighthouse at the center of the island one has to pass by a pathway lined with “calachuchi” tree going to the giant ‘balete’ or Ficus tree locally known as Lunok. Finally, the group of 10 campers emerged as winners. But more than the certificates that they got, all 40 young campers brought with them their pictures and meaningful experiences. (JSC/MLG/ PSM-PIA6 Antique)

The Environmental Management Bureau (EMB) in the region will conduct a series of lectures in some schools in Eastern Visayas in order to intensif y awareness relative to the celebration of the Climate C h an g e C on s c i ou s n e s s Week from November 1926, 2014. During the radio program “Nagbabag-o na an panahon, Panahon na para magbag-o”aired over a local station, Maribel Muns ayac, S olid Waste Management Program Coordinator of the EMBDENR in the region underscored the importance of disseminating the information to the students to be able to understand what is climate change, what it cause and its impact to the environment. Munsayac further stated

that aside from lectures, artistic activities like poster/painting contest will also be conducted to help students appreciate the information given to them through lectures. It also helps instill in their young m i n d s t h e i r re sp e c t ive roles in minimizing the disastrous effects of climate change. Muns ayac p ointe d some ef fects of climate change such as increase in temperature, sea-level rise, melting of glaciers and extreme weather events like super typhoons. Through the conduct of Poster Making Competition, artistic students are encouraged to join. The artistic competition will revolve on the theme “Plan, Implement, Act and Achieve”.(ajc/cba/pia-8)

VIBE

BusinessWeek MINDANAO editor: SHAUN ALEjANdRAE YAp UY

Fuel Your Creative Passion With Canon EOS 7D Mark II DSLR canon is proud to introduce the eOS 7d Mark ii dSLr which features a range of "EOS firsts" such as dual digiC 6 image Processors for superb image quality and rapid burst shooting up to 10 frames per second (fps), as well as Canon's first 65-Point* All Cross type autofocus (aF) system for compositional freedom and accurate, spot-on fast focus. great for shooting indoor activities such as sporting events, concerts, or weddings, the camera's impressive low-light shooting capabilities along with its up-to-10 fps high-speed shooting can capture a fast-break basketball

dunk, a band's encore performance, a bird in flight or wildlife in exceptional quality. in addition, the eOS 7d Mark ii also incorporate Canon's innovative dual Pixel CMOS aF system for rapid and precise focusing of video as well as still images. BUy it nOW and Pay in 2015. Visit Canon dhuB at limketkai Mall and colours Fotos|cameras|Gadget at centrio Mall and take advantage of 0% 12 months promo this holiday season!!

photos & graphics supplied

THU-FRI | NOVEMBER 20-21, 2014