BusinessWeek Mindanao (November 28, 2013)

MINDANAO DAILY NEWS SECOND SECTION

Thursday - November 28, 2013

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Page B1

‘Outright sale’ mulled for Agus hydro plants T

DAVAO City -- The Davao City Chamber of Commerce and Industry, Inc. (DCCCII) in cooperation with the D e p a r t m e n t o f Tr a d e and Industry (DTI) XI is set to establish a Young Entrepreneur Center in the city.

“This will serve as an incubation center for young entrepreneurs who may want to experiment on their products or perfect their existing business ideas,” DCCCII president architect Daniel T. Lim said.

Lim said there is a need to help young people become entrepreneurs to become financially independent from their parents.

This will also help them establish a foothold in business arena even at such a young age, he added.

Outright sale of the Agus hydropower complex is being considered as the best option, according to a technical working group.

Human trafficking

Use of alternative fuel, new energy technologies urged

TWO hundred fiftynine (259) victims were rescued through the help of the government’s human trafficking action line 1343 as of July 31, this year.

Ariel T. Cruz of the Commission on Filipino Overseas (CFO) said 241 actual cases were brought to the action line and handled by the members of the Inter Agency Council Against Trafficking (IACAT).

H e s ai d 71 of t he cases were on human trafficking, 66 cases on illegal recruitment while eight were mail-order bride cases.

The 1343 action line, he said, is a 24/7 hotline that attends and responds to calls requesting for assistance or reporting suspected human trafficking activities.

12:30 PM - 1:00 PM

By MYRNA VELASCO, Contributor

HE technical working group of the Power Sector Assets and Liabilities Management Corporation (PSALM) has proposed an “outright sale” for the Agus hydropower complex in Mindanao, as culled from its study outcome.

“ T he A g u s T WG recommended that the only option for privatization is an outright sale by way of public bidding in compliance with EPIRA (Electric Power Industry Reform Act) and

its IRR (implementing rules and regulations,” a document submitted by PSALM to the Department of Energy (DOE) has noted.

The recommended privatization mode a lso

took into account other relevant government rules and regulations such as the Commission on Audit Circular No. 89-296.

T h e s t u d y out c om e emphasized that it “excluded ot he r op t ion s s u c h a s privatization by way of shares of stocks, corporatization and other special purpose vehicle”, or t he scheme wherein a private sector operation and maintenance (O&M) operator will be mulled/PAGE B7

By JASPER MARIE OBLINA-RUCAT Contributor

THE Department of Energy (DOE) during its “Alternative Fuels Stakeholders Forum” here encouraged stakeholders to consider using alternative f uels a nd new energ y te c h nolog ie s i n publ ic transport.

Ac c ord i n g t o E n g r.

Virgilio B. Arzadon of DOE, 2011 study showed that in terms of fuel consumption

the transport sector consumes most energy with 34.7% followed by residential with 26.1%, industries 25.9% and commercial with 11.9%.

Meanwhile, he said that of the fuels available, oil products are most consumed with 48.6%, followed by biomass with 21.1%, electricity 21%, coal 8% and biofuel 1%. energy/PAGE B7

Biz group to hold gab on 2015 ASEAN integration

By Mindanews

GEN ER A L Sa ntos Cit y -- The Mindanao Trade Policy Center (MTPC) of the Philippine Chamber of Commerce and Industry (PCCI) will hold a forum on the island’s agricultural

prospects in the 2015 ASEAN Economic Community.

Ricardo Juliano, PCCI vice president for Mindanao, said that under the 2015 ASEAN Economic Integration, “there ASEAN/PAGE B7

CHRISTMAS TREE DECOR. Local government workers use a ladder and a boom crane to decorate a 14-feet Christmas tree at the Guingona Park in Butuan City in preparation for the park’s simultaneous Christmas lighting in December.

Mindanao Daily NEWS

mindanews photo by erwin mascarinas

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Economy

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DTI holds entrepreneurial seminar for the youth

DAVAO CITY -- The youth is the future of the nation. This popular line spurs the Department of Trade and Industry to zero-in assistance to the potent drivers of economic growth: the young entrepreneurs.

To encourage development of the youth’s entrepreneurial skills in the region, DTI-11 will be holding a free seminar/convergence that is tailor-fit for young businessmen on November 26 at the Grand Regal Hotel, Davao City.

The convergence dubbed “Youth Ideas, Stirring into Economic Opportunities” aims to build regional networks of support and partnerships among peers and industry leaders, create a culture of

innovative entrepreneurship and offer means of attaining financial and personal independence.

A number of industry leaders will be sharing their business insights to an expected crowd of about 60 youth participants coming from all over the region. “ T h i s c onve r ge nc e w i l l provide a unique opportunity for the youth to leverage their networks in building a strong and enabling environment for entrepreneurship,” DTI regional director Marizon S. Loreto said, adding “we will also be discussing ways to support the importance of youth empowerment as key contributors for the region’s economy.” (PNA)

Commission on Appointments Hearing Congressman Rufus B. Rodriguez and the other members of the Commission on Appointments discuss the agenda for the day during a Commission on Appointments hearing in the Senate session hall. The members were set to confirm the appointments of various officials of the Armed Forces and various Ambassadors to different countries.

Petron, Total hike fuel prices anew M A N IL A -– Pet ron Corporation hiked its fuel prices effective 6:00 a.m.

Tuesday.

In a text advisory, Petron said it increased gasoline price by 45 centavos per liter and 70 centavos per liter for diesel.

However, Petron noted that calamity-affected areas such as Aklan, Bohol, Leyte, and Samar are excluded in the oil price hike. ”This (price adjustment) ref lects movements in the international market,” the oil company said.

As of November 19, prices of diesel ranged from P 39.70 to P 44.60 per liter while gasoline prices ranged from P 49.25 to P 53.40 per liter according to the energ y department.

On the other hand, Total Corporation also announced its increase effective 6:00 petron/PAGE B7

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CorporateWorld

Isuzu sales up in Oct. on D-Max surge ISUZU Philippines Corp.

(IPC) saw a 17.7-percent rise in sales in October from the previous month, based largely on the increase in sales of its new D-Max pickup.

In a statement, the auto firm said that it sold 169 more vehicles in October than it did in September—from 953 units sold to 1,122.

Sales of the D-Max from September to October rose 89.4 percent from 179 to 339 units, with strong demand

Frontier defers IPO next year blames ‘Yolanda’ disruption FRONTIER Oil Corp (FOC) pushed back anew its initial public offering (IPO), citing the disruption caused by Typhoon ‘Yolanda’.

In a letter to the Philippine Stock Exchange, t he oil exploration company said it would defer its IPO to early next year. The company was supposed to list on December 11 after offering its shares to the public from November 28 to December 4.

“In consultation with the company’s underwriters and several significant investors, FOC believes it in the best interests of both the vompany and its shareholders to defer its listing until early next year,” Kristoffer Fellowes, Frontier Oil chief executive told the PSE. “A d d i t i o n a l l y, t h e vompany is concerned that the tragic and dramatic defers/PAGE B7

Globe launches mobile service in Italy GLOBE Telecom Inc., a tie up between conglomerate Ayala Corp. and Singapore Telecommunications Ltd., is expanding to Italy, the company said Monday.

Law yer Marisa lve Ciocson-Co, Globe compl ia nce of f icer a nd v ice president for lega l services, said Globe Mobile Italy S.r. has tied up with Compagnia Italia Mobile S.r. and Belgium 2Effortel Technologies S.A. to launch a mobile service in Italy.

Ciocson-Co informed the Philippine Stock Exchange (PSE) that Globe services will include voice calling, SMS , load top -up, a nd mobi le data for a rou nd 20 0,0 0 0 Fi lipinos based in,or visiting, Italy.

A Globe local Italy SIM will offer access to affordable voice, SMS, and mobile data bundles. It will also offer the most affordable rates to call Globe and TM subscribers at 5 euro cents per minute.

Globe executive vice globe/PAGE B7

for the pickup shown in Mindanao and in Metro Manila.

In October, the company also sold 104 medium-duty trucks and 14 heavy-duty trucks compared to 79 of the former and only one of the latter in September.

Isuzu sold 11,759 vehicles last year and is aiming to sell 13,000 this year. It has sold 9,748 vehicles as of endOctober compared to 9,595 units in the same period last year.

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Indophil to prioritize environment in Tampakan Copper-Gold Project INDOPHIL Resources assured stakeholders that it will give the environment the utmost priority when it is allowed to resume the development of the $5.9-billion Tampakan Copper-Gold Project.

“Ou r compa ny, w it h a 37.5 percent interest in the Tampakan project, is committed to conform to international standards of environmental performance a nd c ompl i a nc e ,” s a id Indophil vice president for

corporate af fairs Gavan Collery.

Collery noted that the Tampakan project had no repor ted env ironmenta l incidents in 2012. In the same year, the project also received project/PAGE B7

B4 Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

Editor : Shaun Uy , e-mail- shaun_alejandrae_uy@yahoo.com

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A Midsummer Night’s Dream Encore

T

he Xavier Stage, a resident repertory company of XU, will restage William Shakespeare’s A Midsummer Night’s Dream, in Cebuano as adapted by Sining Kambayoka Ensemble of MSU-Marawi at the XU Little Theatre.

The restaging is in response to the call for Tabang Visayas.

Below are the corrected playdates: December 2, Matinee (3:00PM), Gala (6:00 PM); December 3, Matinee (4:00PM), Gala (7:30PM); December 4, Morning Matinee (10:00 am), Matinee (3:00 pm), Gala (7:30PM); December 7, Gala (7:30PM);

TODA groups converge in Davao for Honda TODA Convention 2013—Honda Philippines, Inc. (HPI), the country’s leading brand of top-quality motorcycles for personal and commercial use, recently went to Davao City, for the holding of its “Honda TODA Convention 2013.” This special event was designed for the benefit of Tricycle Operators and Drivers Associations (TODA) nationwide and this leg is intended in various cities around Mindanao including Cagayan De Oro, Valencia at Butuan, General Santos, Coronadal, Kidapawan, Osamis and Dipolog.

Hundreds of tricycle drivers belonging to several TODA groups had a full day of fun, excitement and prizes courtesy of HPI, the only motorcycle company in the Philippines that holds this kind of event for TODA groups. At the venue, the TODA members saw up-close Honda’s newest business line of motorcycle, particularly the Honda CB125CL, designed specifically to carry a sidecar and for many other business purposes. Aside from finding out the Honda CB125CL’s specifications, lucky TODA members were also given the chance to “test-drive” the units as single motorcycles and tricycles to provide them with an actual feel of the Honda CB125CL when used on the road and discover its power, performance and fuel-efficiency. The Honda TODA Convention 2013 is at is last leg of the convention to be held in various cities in Mindanao. Shown in photo are the members of the various TODA happily posing amid two Honda CB125CL units.

December 8, Gala (7:30 PM) We would like to invite everyone to watch A Midsummer Night’s Dream.

Tickets are sold at 100 pesos only and all proceeds will go to Tabang Visayas as donations to the victim and survivors of Typhoon Yolanda.

Tickets are available at the XU bookstore, and should there be special ticket orders and inquiries, please call Rhea Arroyo thru 09274022826 and Jerry Acido thru 09264218289.

With your support, The Xavier Stage will acknowledge you as donor to this creative and charitable endeavor.

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Moody’s says PHL government capable to fund reconstruction THE national government has enoug h capacit y to fund the estimated multibillion pesos reconstruction and rehabilitation projects for Yolanda-hit areas in central Philippines, Moody’s Analytics report revealed.

I n it s c om m e nt a r y, Moody’s Analytics, a division of Moody’s Corporation that provides economic and consumer credit analysis, sa id yesterday t hat t he Aquino administration is currently financially strong.

“The government has its finances in order and with the economy and tax revenues growing strongly, it can reasonably afford the typhoon’s large repair bill,” Moody’s Analy tics said, referring to super-typhoon “Yola nda” t hat fat tened buildings and unleashed storm surges that killed more than 4,000 people.

The National Economic and Development Authority (NEDA) estimated that the cost of rebuilding houses,

A survivor of Typhoon Haiyan builds a new house from the remnants of his previous one in the eastern Samar costal village of Hernani. The Philippines is facing up to an enormous rebuilding task from Typhoon Yolanda, which killed thousands of people, with many isolated communities yet to receive significant aid despite a massive international relief effort. REUTER

schools, roads and bridges in typhoon-devastated Eastern Visayas could reach P250 billion.

Despite the devastation

wrought by super-typhoon Yola nd a , t he st ronge st recorded storm ever to make landfall, Moody’s Analytics said the Philippine economic fundamentals remain intact.

“Looking past the recent tragedy, there is a lot to like about the mediumand long-term outlook of the Philippines’ economy.

The government is on a steady path of reform and is encouraging investment,” Moody’s Analytics said.

“Investors a re li kely to stay put, preferring to focus on the longer-term fundamentals of one of Asia’s recent success stories,” it added.

M o o d y ’s A n a l y t i c s projected that the Philippine economy, as measured by the country’s gross domestic

product (GDP), grew by 7 percent in the third-quarter of this year.

“Industrial production continues to surge ahead, and manufacturing a nd construction are guaranteed to contribute solidly to grow th. A lot of the construction in the Philippines is being driven by the government, and a large portion of third quarter growth can be attributed to the public sector,” Moody’s Analytics said.

“The other side of the construction coin is linked to the real estate market.

Data on property prices are difficult to find, but there are reports that condominium prices have recently increased and doubled since 2004,” it added.

Security Bank gets shareholders’ approval for lender’s capital hike

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

SHAR EHOLDERS of Security Banking Corp have approved an increase in the lender’s capita l t hrough the sale of new preferred shares worth a combined P100 million.

In a statement, Security Bank said its shareholders clea red t he h i ke i n it s aut horized capita l from P10 billion to P10.1 billion, and the creation of a billion preferred shares with a par value of P0.10 apiece for the purpose.

The preferred shares will be voting, non-cumulative, non-participating and nonconvertible.

CDO TheMAIN bank plans to issue BRANCH 602.83 P & J Limmillion Bldg., Tianopreferred Brothers Kalambagohan Sts.,of common shares to holders Tel. # through (08822) 727-829 * stock a one-forTelefax # (088) 856-1947 after one rights offering the distribution of the 20 CAMIGUIN BRANCH perc ent com mon stock B. Aranas St., Poblacion, dividend.

Mambajao, Camiguin Upon receipt of Tel. # (088) 387-0491 regulatory approvals, the preferred shares will be CORRALES BRANCH offered eligible common CorralestoAve., stock holders, w it h each Cagayan de Oro City eligible stockholder entitled

to subscribe to one voting preferred share for every one common stock held as of the record date.

The record date will be determined after the receipt of regulatory approvals. The timetable for the issuance of the preferred shares will depend on the approva l of the Bangko Sentral ng Pilipinas and the Securities and Exchange Commission.

As of September, Security Bank’s assets reached P276 billion, while deposits stood at P184 billion and loans, P145 billion.

T he le nd e r h a s 191 branches while thrift bank subsidiary Security Bank DIVISORIA BRANCH Savings 38 branches.

Atty.

Erasmohas B. Damasing Bldg., #61 A. Velez St.,’s P1.00 per Don The bank Cagayan Oro City share decash div idend for Tel. 857-3631semester is t he# (088) second payable on December 27 LAPASAN BRANCH on record to shareholders Lapasan Hi-way, as of November 29.This will Cagayan de Oro City bring the total cash dividend Tel. # (088) 231-6739 for the year to P2 per share.

TheBRANCH record date for the 20 CARMEN percent stock dividend is on Vamenta Blvd.,Cagayan de Oro City December 2, while payment Tel. # (088) 231-2011 date falls on January 2, 2014.

B6 Mindanao Daily NEWS

The

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CAGAYANTIMES de Oro

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LIFESTYLE

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A Cagayan de Oro Suzuki dealer poses with the “Big 3” Suzuki motorcycles during the launch of its newest Fi (Fuel Injected) models, November 27, Pryce Plaza Hotel, this city. Photo by Shaun Uy

BusinessWeek Mindanao Publisher Dante Sudaria gives it a go with the Suzuki Raider J115 Fi during the Suzuki launch of its newest Fi (Fuel Injected) motorcycle models, November 27, Pryce Plaza Hotel, this city. Photo by Shaun Uy

Read us online www.businessweekmindanao.com

MDN lifestyle editor poses with the Suzuki Raider J115 Fi after a test run during the Suzuki launch of its newest Fi (Fuel Injected) motorcycle models, November 27, Pryce Plaza Hotel, this city.

Photo by Lavie Casenas

(from left) BusinessWeek Mindanao Publisher Dante Sudaria, Ms. Astrid Alyssa D. Vislenio – Advertising & PR Specialist, Suzuki Philippines, BWM and MDN staff Lavie and Grace pose for a photo op during the Suzuki launch of its newest Fi (Fuel Injected) motorcycle models, November 27, Pryce Plaza Hotel, this city.

Photo by Shaun Uy

Mindanao Daily B7 NEWS

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Mulled... from page B1

tapped.

The study, which was undertaken upon the direction of the energy department, was concluded early part of this year.

The targeted privatization timeframe for the Agus complex is year 2017, and it will be done together with the 255-MW Pulangui hydropower facility.

The PSALM report said it “took into consideration the technical/operational concerns brought about by the cascading nature of water releases from L ake L anao to the Agus hydroelectric power plants.”

The company similarly factored in the construction of the proposed Agus 3 hydropower facility, which has long been eyed earnestly by some project sponsors.

PSALM cautioned though that it “did not consider the legal review of conflicting provisions, if any, of other pertinent laws such as the Renewable Energy Law vis-à-vis PSALM’s mandate under EPIRA.” The other edict that might conflict with the Agus privatization plan will be the proposed insertions in the B a n g s a m o r o Fr a m e w o r k Agreement as to the ownership of Lake Lanao, the source of water being utilized for power generation at the Agus plants.

The divestment to the private sector of the Agus facility is being opposed by array of stakeholders in Mindanao on fears that this might raise the electricity rates they have been paying for – which might really be the case because the government’s dole-out of subsidies may finally end.

The business groups in the area, however, are more re c e pt i ve of t h e a s set ’s privatization as they are more inclined to giving more permanent solution to the grid’s recurring power supply woes.

Energy... from page B1

He explained that the government has created the Alternative Fuels and Energy Technologies Program where they intend to reduce and diversify the country’s fuel resources while providing solutions to air pollution caused by vehicle emissions.

These programs include the Auto-LPG or Liquefied Petroleum Gas, Electric Tricycle Project or E-trike and Natural Gas Vehicle.

Engr. Loreto Moncada of DOE said Auto-LPG is beneficial in the environment and health since it has lower photo-chemical smog or “ozone” forming potential which usually causes cancer and respiratory problems such as asthma, bronchitis and so on, lower greenhouse emissions affecting climate change and less urban pollution.

On the other hand, the Electric Tricycle Project or E-trike is designed with the goal to save 90 million liters of petroleum per year, a total of 260, 000 tons of less carbon dioxide per year, and much better quality of life for drivers and operators and passengers.

Further, E-trike is estimated to increase driver’s daily net

income to 34%, since there is no need to pay for fuel said Engr. Moncada.

To implement these programs in cities and provinces, the Local Government Unit (LGU) must coordinate with the DOE and send them letter of intent, he added.

Meanwhile Natural Gas Vehicle program will ensure the stable supply of energy in the transport sector, according to Jeannie Dy. DOE urges both public and private sectors to use or apply these new technologies and develo p market and supply infrastructure to help the environment and more importantly lessen dependency on imported oil.

ASEAN... from page B1

will be a free flow of goods, capital and services for a single economic market for the 10 member nations.”

“Mindanao as an agriculture area has its c ompetitive advantage in the ASEAN market,” he said in a statement.

Slated on Dec. 5, the forum is dubbed “Maximizing Benefits on Agribility: For ASEAN and International Market Access.”

It will be held at the East Asia Royale Hotel here in partnership with the Philippine Federation of Exporters in Region 12.

Former Socio-Economic Planning secretary Cielito Habito will discuss the topic “ASEAN Overview and Prospects for the Philippines under ASEAN Economic Community.”

Segfredo Serrano, Department of Agriculture undersecretar y for policy, planning, research and development, and regulations, will speak on the topic “Challenges for Hog, Poultry, Feed and Corn Industry.”

The ASEAN Community will be based on three pillars namely “a security community, an economic community and a socio-cultural community,” according to an MTPC briefer.

The formation of the ASEAN Community is expected to lead to the creation of a single market and production-based region with a free flow of goods, services and capital, it added.

The 2015 ASEAN Integration seeks to make the bloc a key player in international economy and politics like the European Union.

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range of issues including South Cotabato’s ongoing ban on open-pit mining.

Collery said there is a greater need for project developers – there as specialist contractors to government and the people of the Philippines – to work more closely and in partnership with the national and local government units around the project area.

He said this will help achieve the shared goal of economic development and benefit coupled with community enhancement and environmental protection.

“It is in our DNA to couple economic benefit with the safety of the environment and the surrounding communities,” Collery said.

In line with this commitment, Collery said a wide range of environmental projects and initiatives, in collaboration with concerned government agencies and community groups, had been initiated.

Environmental safety is one of the issues being looked into by the inter-agency working group created by the Mining Industry Coordinating Council (MICC).

The MICC established the special inter-agency working group to coordinate with SMI (the Tampakan project manager) to thresh out issues and challenges facing the project. It is expected to release its recommendations by the end of this month.

Defers... from page B3

events surrounding Typhoon Haiyan (Yolanda’s international name) have understandably created an uncertain investment environment in the Philippines over the past few week,” Fellowes said.

Those events have caused a number of scheduled meetings and activities to be deferred, he said.

“The company expects the revised timetable to overcome any negative impact upon both the FOC IPO and emerging markets more generally from the tapering off of the quantitative easing measures in the United States,” Fellowes said.

Frontier Oil is raising as much as P2.21 billion from

the sale of up to 883.63 million common shares at a maximum price of P2.50 apiece.

The company holds interests in four of the 26 active exploration service contracts in place, including wholly owned SC 52 covering the Nassipping field, and SC 50 covering the Calauit field.

Frontier Oil also has a 15 percent working interest in SC 69, an offshore block in the Visayan Basin that is operated

by Australia’s Otto Energy.

Frontier Oil has an arrangement with Trans-Asia Oil and Energy Development Corp for a five percent back-in option for SC 55, a highly prospective ultradeep water block.

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Globe... from page B3

president and chief operating officer for International and Business Markets Gil Genio said the company aims to provide the best connectivity packages to over 11 million Filipinos overseas.

“We are pleased to be able to introduce the Globe brand of service to Pinoys in Italy, making it more affordable to keep in touch with family and friends back in the Philippines,” he added.

The telco already has a strong retail presence in the US, the United Kingdom, Singapore, Saudi Arabia, and Hong Kong.

Globe also recently extended coverage of its DUO International, which assigns a local landline number that subscribers can call to reach a Globe number in the Philippines, to over 900,000 Filipinos living and working in Canada. DUO International available is available in the US, Korea, and the United Kingdom.

UK Globetel Limited, on the other hand, offers voice, SMS, MMS, and mobile data services to Filipinos in the UK. Globe’s subscriber base increased 14 percent to 36.5 million as of end-September.

Prepaid subscribers of Globe inched up by five percent to 16.96 million followed by TM subscribers with 23 percent to 17.57 million, and postpaid subscribers rose 19 percent to 1.98 million.

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Petron... from page B2

a.m. Tuesday.

The oil company also increased 45 centavos per liter for gasoline and 70 centavos per liter of diesel.

Total said their price hike exclude the areas of Cebu, Liloan and Bogo. (PNA)

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Project... from page B3

its sixth Presidential Mining Industry Environmental Award for industry-leading practices in the Philippines.

“From the start, we have committed to adopting the best safety practices in mining to protect surrounding communities and the environment,” Collery said.

Progress at the Tampakan Copper-Gold Project has been temporarily halted following a

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Xavier Ecoville youth to showcase artistic side

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Mr. Gerry A. Tecson, Business Development Manager, VisMin Sales Group of Trends & Technologies, Inc. explains to select members of the CdeO media and bloggers the benefits and advantages of their company’s services in a business meeting at the Mallberry Suites, Café Berde, November 22.

Trends & Technologies, Inc. is a leading Solutions Provider and systems Integrator for Information and Communications Technology (ICT) in the Philippines. TTI is one of the country’s premier Systems Integrator for markets such as Business Process Outsourcing, Financial Services, Manufacturing, Telecommunications Service Providers, Government, Health Care, Hospitality, and Education sectors. Today, TTI offers turnkey solutions from IP infrastructure implementation, voice, data, and multimedia convergence, to network security and education. Photo by GLENN PALACIO Mr. Bing Reaport of CISCO Systems Philippines explains the latest developments in the tech industry and the latest CISCO products and network security, in a business meeting at the Mallberry Suites, Café Berde, November 22. To know more about Trends & Technolohies, Inc. please visit their website: www.trends.com.ph Photo by GLENN PALACIO

he youth of Xavier Ecoville are taking center stage on Nov 30 for a grand showcase of talents in cultural dance, theater, guitar playing, chorale, photography, visual arts and storytelling.

The talent show, set at 4 pm at the Little Theater, is the culmination of “Sining Galing,”a Xavier Ecoville Arts Program for the Youth initiated by the Xavier Center for Culture and the Arts (XCCA) and funded by the National Commission for Culture and the Arts (NCCA) through its Cultural Education Committee's Bugkusan.

Sining Galing ran from August to November this year offering workshops in dance, children and teen’s theater, music, photography and visual arts, and storytelling.

XU students, who were also talents of XCCA, helped the Ecoville youth find their artistic side so they could creatively express their emotions and tell their stories to the world.

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ROTARY CLUB OF CAGAYAN DE ORO RI DISTRICT 3870 FELLOWSHIP MEETING EVERY THURSDAY @ VIP HOTEL 12:00 NOON