BusinessWeek Mindanao (November 28, 2014)

BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 74

Market Indicators

As of 6:12 pm nov. 27, 2014 (thursday)

FOREX

PHISIX

US$1 = P44.85

7,265.34 points

7

X Briefly 91.25

cents

X

points

Major investments DAVAO Oriental -- Major investments on infrastructure and tourism are set to boost economic development in the province of Davao Oriental as the Provincial Government inked a Memorandum of Understanding with investors of a private company Design Invest Develop (DID) Groups Ltd. Last week at the Provincial Capitol.

Aligned with the Davao Oriental Reconstruction and Development Framework 20132016, this potential investment is seen to help realize the Building Back Better strategy of the provincial government to help spur development inDavao Oriental, especially in the three typhoon-ravaged towns in the east coast.

Gov. Corazon N. Malanyaon, who strongly pushes for major investments here in the province, said she is optimistic this potential investment will help reshape Davao Orientaland transform it into a major investment haven and premiere tourism destination in the region and even in the country.

Carmelo Laburada, Head of the Provincial Center for Promotions on Investments and Trade (CPOINT), said that this undertaking will involve a PublicPrivate Partnership (PPP) on Public Infrastructure and Tourism Development for which DID will bear the funding for the prospected projects.

P1.5-B aid DAVAO del Norte -- The Department of Social Welfare and Development (DSWD) poured in a total of P1.5-billion to the three towns of Davao Oriental, which are highly affected by Typhoon Pablo.

DSWD Sec. Corazon “Dinky” Soliman disclosed recently that the national government, through her office, allocated more than a billion worth of projects to Baganga, Cateel and Boston, all towns of Davao Oriental that Typhoon Pablo made a major damage almost two years ago.

Sec. Dinky Soliman said that the bulk of their funding covered modified shelter assistance in the province, which amounts to more than P1.3-billion and gave shelter to 18,432 families.

www.businessweekmindanao.com

P15.00

Friday | November 28, 2014

House presses DOE on updated energy plan T

By MYRNA VELASCO, Contributor

HE Department of Energy (DOE) has submitted a Philippine Energy Plan (PEP) covering the periods 2012-2030, but Congress is requiring an updated one, not an “obsolete version.”

“I have a letter to DOE… we gave them the time, but still they have not submitted an updated one,” House committee on energy chairman Reynaldo V. Umali has noted.

He intimated that the department must comply w it h t h e l aw – a s t h e submission of annually updated PEP is a mandate under the Electric Power Industr y Reform Ac t (EPIRA).

Umali said they are asking

the Energy department to submit a plan from 2014 that must manifest the realities of supply-demand situation moving forward, including the anticipated dilemmas of 2015 and 2016.

Investors and array of stakeholders have been batting for a “more concrete energy plan” that must be laid down by the department so they can also be guided for ward on how to time their planned projects. presses/PAGE 7

TRADITIONAL WEAVING. Yakan women weave traditional garments with intricate patterns at the Basilan Tribal Village inside the ARMM compound on Wednesday.

Putting up the mock villages is part of the commemoration of the 25th anniversary of the ARMM in a grand celebration dubbed “Pakaradjaan sa ARMM.”

Korean firm to conduct study for Davao railway system

By MINDANEWS

DAVAO City – Representatives from the Korean Engineering Company (KEC) will be reporting by March next

year on its findings for a possible railway line in the city, according to the city council committee chair on

transportation.

In an interview Wednesday, transport committee chair Tomas Monteverde IV told reporters that the engineers railway/PAGE 7

mindanews photo by omar mangorsi

Power Forum:

Can power market dampen brownouts during summer?

(First of a Series)

By Mike Baños, Editor-at-Large

LAST November 20, a new bunker fueled power plant was inaugurated in General Santos City that would ensure no brownouts for the Socsargen region during the upcoming Christmas season and on through the hot summer months and beyond.

The 20.9MW peaking power plant of Peakpower Socsargen Inc. (PSI) will supply the peaking power

needs of South Cotabato II Electric C ooperative (SOCOTECO II) in General Santos City, the municipalities of Glan, Malapatan, Alabel, Makungon, Kiamba, Maasim and Maitum in Sarangani and Polomolok and Tupi in South Cotabato.

“This means that the people of Gensan and those within the franchise area of SOCOTECO-II will be brownouts/PAGE 7

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

BusinessWeek MINDANAO

2

Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

friday|NOVEMBER 28, 2014

SurSur agri chief assures to carry out scam-free projects TANDAG City – Surigao del Sur chief agriculturist Marcos Quico has seen efficiency of the new approach to implement scam-free projects.

D ur ing t he conduc t of the CY 2016 Plan and Budget Proposal Preparation Workshop of the Department

of Agriculture (DA) Caraga Regional Field Office held on November 13-14, 2014 in this province, Quico stressed that proposed local projects for implementation until the first half of 2016 are made sure to be insulated from possible anomalies. projects/PAGE 7

Economy

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

‘No work, no pay’ applies for daily-wage earners in special non-working holidays OZAMIZ City -- The principle of “no work, no pay” will apply to the daily-paid workers during the upcoming special non-working holidays, the Department of Labor and Employment (DOLE) said.

This is per Labor Advisory No. 16, s. of 2014 (LA 16-14), issued by Labor Secretary Rosalinda DimapilesBaldoz issued last Nov. 18, concerning the computation of the worker’s daily pay, during the special nonworking days on December 24, 26 and 31, this year and January 2, next year.

The advisory specifies that if the employee do not work on these days, the “No work, No pay’” principle shall apply, unless there is a favorable company policy, practice or collective bargaining agreement (CBA) granting payment on a special day.

Meanwhile, Jose G. Robles of DOLE-Ozamiz said the following computation will be used in determining the

daily wages of employees on the aforementioned special non-working dates pursuant to LA 16-14: If the employee worked on these days, he/she shall be paid an additional 30 percent of his/daily rate on

the first eight (8) hours of work plus the cost of living allowance [(Daily rate x 130%) + COLA].

If the employee worked in excess of eight (8) hours (overtime work), he/she shall be paid an additional 30

percent of his/her hourly rate on said day (hourly rate of the basis daily wage x 130% x 130% x number of hours worked).

If the employee worked during a special day that also holidays/PAGE 7

MORE CLASSROOMS. Another 80 pupils of Maco Heights Central Elementary School (MHCES) will now enjoy a better learning environment through the recent two classroom building donation, made possible through the efforts of the local government unit of the municipality of Maco, the MHCES administration and power generator Therma Marine, Inc. This is the fifth AGAPP classroom building donation of Therma Marine, a subsidiary of Aboitis Power which operates a power barge in Compostela Valley. As a whole, the Aboitiz group has donated a total of 88 school buildings (176 ‘silid panagarap’ classrooms) under the Aklat, Gabay, Aruga tungo sa Pag-angat at Pag-asa (AGAPP) Foundation.

Seventy two of these classrooms were built in Mindanao.

(Photo Provided)

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

CorporateWorld

BusinessWeek MINDANAO Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

friday|NOVEMBER 28, 2014

3

SM TURNS OVER 200 NEW HOUSES FOR YOLANDA SURVIVORS IN BOGO, CEBU

J

ust in time for the f irst anniversar y super typhoon Yo l a n d a , S M F o u n d a tion through the SM Cares Housing Program gave hope to typhoon victims by turning o v e r 2 0 0 h o m e s at t h e S M C a r e s Vi l l a g e i n B a r a n g a y Po l a m b a t o , B o go C it y i n n or t h e r n Cebu.

The 200 houses is the first of the 1,000 disaster resilient homes that will be given for free to chosen beneficiar y survivors of super typhoon Yo l a n d a . A n o t h e r 2 0 0 homes will be built in Ç on c e p c i on , I l oi l o, a s wel l as 400 in Ne w Kaw ay a n , Ta c l o b a n C i t y.

SM Fou n d at i on i s a l s o set to break ground for an ot h e r SM C are s Vi l lage with 200 houses i n O r m o c C i t y.

Presidential Assist ant for R ehabi lit at ion and Recover y (PARR)’s S e c re t ar y Pan f i l o L a c s on , Un it e d Nat i on s C h i e f of Int e r n at i on a l Strateg y for Disaster Reduction Asia and Pac i f i c Ma r g a re t a Wh a l st rom , C ebu G ove r nor Hilario Davide III, and B o go Mayor C e l e s t i n o M a r t i n e z , Jr. l e d t h e ribbon cutting cere m o ny a n d u n v e i l i n g of the donor’s wall and village marker together w i t h S M P r i m e Ho l d ings President Hans T. S y a n d S M F o u n dation Executive Dir e c t o r D e b b i e S y, a n d members of the Fernan family who donated the lot.

Ramon Aboitiz Foundation Trustee Fr. E r n e s t o Ja v i e r l e d t h e blessing of t he hous es.

Ke y s a n d c e r t i f i c a t e s

were then distributed to the families to officially identif y them a s b e n e f i c i a r i e s of t h e program. “ These houses send the message that indeed, there is light at t he e nd of t he tu n nel,” said Mayor Celestino Martinez. “ These homes provide a start for these families- a n e w b e g i n n i n g .” H e also thanked the Sy family, the Fernan family who donated the l a n d , a n d “a l l t h o s e who worked hard to m a ke t h i s d re am c ome true for the beneficiari e s o f t h e p r o j e c t .”

Governor Davide t han ke d t he SM Group for partnering with the local government u n it i n g i v i n g n o t j u s t houses, but a village to the community. “Now I c an s ay t h at B o go C it y h a s r i s e n . L i fe go e s on and we are deter mined to bring the northern part of Cebu to full r e c o v e r y.”

Secretar y Panfilo Lacson, on the other hand, was happy to note that, “SM followed the standards with the structure of these houses, and we are classifying these h o u s i n g u n i t s a s p e rmanent shelters because they followed the 250 km per hour wind resistance.

Each of the 20 x 23 square meter houses is designed to exceed the requirements of t he Bui lding C o de and mandated standards, each house can withstand the winds and st re ng t h of a C ate gor y 5 s up e r t y ph o on w it h out any major material

Beneficiaries of the homes in the SM Cares Village in Bogo Cebu receive their keys and certificates from SM Prime Holdings president Hans T. Sy, SM Foundation Executive Director Debbie Sy, UNISDR Margareta Wahlstrom, Governor Hilario Davide III, Secretary Panfilo Lacson and Bogo City Mayor Celestino Martinez, Jr.

damages.

The village has utilities, basic amenities l i k e s t re e t l i g ht s , c om munity center and basketball court. In addition to its disaster resilienc y features, the houses will also have heat resistant painted roofing to help lower interior temperature and increase energy e f f i c i e n c y.

The turnover ceremonies brought a lot of joy to the beneficiaries.

Ernesto Orque, who works in a fishpond, luckily saved all his ten children but lost his wife during the typhoon. They lost their home, too and for a year lived with f r iends and neig hb ors.

Ernesto thanked SM for “p r o v i d i n g m y f a m i l y a new shelter and a new hope to pick up the missing pieces of our lives

The 200 homes in the SM Cares Village in Bogo, Cebu is the first of the 1,000 disaster resilient homes that will be given for free to chosen beneficiary survivors of supertyphoon Yolanda.

Eufrecina Tepait and her family lived in a shanty and lost hope after the typhoon badly damaged their house.

After we learned that

SM Prime Holdings president Hans T. Sy, UNISDR Chief Margareta Wahlstrom and Secretary Panfilo Lacson lead the unveiling of the Donors’ wall and Village Marker at the SM Cares Village. Also shown in the photo are (left to right) Lot donors Nena Fernan del Rosario and Eloisa Fernan, SM Foundation Executive Director Debbie Sy, Rotary International Past District Governor Ed Chiongbian, Governor Hilario Davide III, Provincial Board Member Tining Martinez, Tony and Jackey president Tony Park, SM Prime Holdings Vice President for Vismin Marissa Fernan.

w e a re on e of t h e b e n e f i c i a r i e s of t h e h o u s i ng proj e c t , ou r he ar t s l e a p e d w i t h j o y,” s a i d Euf recina.

After the program, donors were able to meet with the different beneficiaries who were a l l sur vivors of t he sup e r t y p h o o n . Fa m i l i e s thanked the donors for the early Christmas gift they received.

Among the ver y generous donors present were R amon Ab oit iz Foundation Presid e n t R o b e r t Ab o i t i z , Rotar y International Past District Governor Ed Chiongbian, and Bernie and Alice Liu of Golden ABC. Als o pres ent were FCB M a n i l a’s N i k k i D i y c o, J u n Yo u n g B a n g a n d Tony Park of Tony and Jacke y B e aut y Sa lon; as well as executives from the SM Store, Watsons, SM Appliance C e n t e r. A l s o p r e s e n t were USEC Presidential Assistant for Reha-

bilitation and Recover y Danny Antonio and SM Supermalls President Annie Garcia.

T he v i l l age’s st re e t s are named after the m aj or d on ors – Fe r n an Street, Acre Aircon Street, All Around Street, Asya Design S t r e e t , S M Ap p l i a n c e St re et, Wats ons St re et, B oysen Street, Rotar y International Street, and Paul Harris Street.

British model David G a n d y, a l s o a d o n o r, had the street named after his grandmother Doreen.

The SM Cares Housing project is fully privately-funded by SM, its business partners, st a keholders and b y t h e c o m mu n i t i e s i t ser ves.

The SM Cares Housing Project is on top of the P100 million SM has a lre ady committe d to rehabilitate areas hard hit by super typhoon Haiyan/Yolanda i n t h e Vi s a y a s .

BusinessWeek MINDANAO

Opinion

Best in Business and Economic Reporting

4

Philippine Press Institute Civic Journalism Community Press Awards 2013

friday|NOVEMBER 28, 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

Doing Crimes the Filipino Way

L

IFE’S INSPIRATIONS: “… S e e k f i r s t t h e kingdom of God and his righteousness, and all of these things shall be added unto you…” (Jesus Christ, our God and Savior, in Matthew 6:33, the Holy Bible).

-ooo REPOST FROM 2010: “NO ONE WILL ESCAPE THE CONSEQUENCES O F H I S AC T S : W h at , really, is happening to our country now? Why have we become prone to doing these dastardly and heinous acts as if we cannot be held accountable for our acts anymore? What has brought us to thinking that we can now do crimes with impunity? “ Ye s , e v i l d o e r s a n d criminals may escape punishment during their lives here on earth, for one subterfuge or another. But, certainly, at some point in time, we shall face the One who put us here on earth, and account for everything that we did, said, or even thought in this world, and that, if these things that we did, said or thought did not conform to His laws and decrees, eternal punishment will come down bearing upon us.

“Ecclesiastes 12:13 of

Member:

The Gifts That Count hink a minute…I know a woman who gets sad when her husband sends her roses! She says: “The only reason my husband gives me flowers is because it’s Valentine’s Day and he thinks he’s expected to. I’d much prefer for him to show his love in the way he talks to me and treats me every day. I wish he’d do the little things like helping me with the kids, taking me out on a date, or just spending some time alone together. I’d be happy if once in a while he’d thank me for all the daily work I do like cooking his favorite food or washing his clothes.”

A n o t h e r w o m a n ’s husband was absent-minded and always forgetting her birthday as well as their wedding anniversary. When her friends asked her what she did on her birthday, she told them that he forgot again. However, then she added: “But last evening we took a long walk together and talked; and that meant much more to me than getting a gift just because it’s my birthday and he was expected to.”

Many children buy or make Mother’s Day cards and presents. The mother tells her children how much she likes them; but she remembers how disrespectful and rude her son was to her the day before. Or how many times she wishes her

the Holy Bible is clear on this: For God will bring every deed to judgment, whether done publicly or in secret, whether good or bad. And Revelation 21:8 is also clear where evildoers and criminals will go: the lake of eternal fire which, even now, has been proved to exist and is just waiting for its “clientele’ to come.

-ooo “ S U P E R B U G T H R E AT E N S L I V E S , TOO: If we tie these up with repor ts that there is a new disease---called superbug--- that is also threatening p eoples all around the world because it is resistant to antibiotics and therefore has no known cure yet, we are confronted with a frightening and scary scenario of worldwide deaths arising from pneumonia and blood infections that give rise to fever.

Superbug, reports from the Internet indicate, is highly contagious, as it can be passed on from one person to another by mere touching, and by using towels used by an infected individual.

Whe re are a l l t he s e illnesses leading to? Why are they happening? Many scientists are still trying to desperately grope around

for answers but there is a Biblical basis for these diseases---meaning that, these are diseases that we were warned about by the Bible, especially in the Book of Deuteronomy.

Deuteronomy 28:15, in relation to Deuteronomy 28:22, says: If you no longer listen to God and if you no longer obey His laws, all of His curses will come upon you, and among these are wasting diseases, fever and inflammation, which will plague you until you are destroyed.

-ooo “S C I E NC E HAS NO CURE, BUT BIBLE HAS: The cure, therefore, will not be found in science. It is offered in the pages of the Holy Bible---particularly in Deuteronomy 28:15 itself, although we have to read it in reverse. If we are to be destroyed by wasting dis e as es and fe ver and inflammation because we are no longer following G o d ’s c o m m a n d s a n d decrees, it would seem that the only way to stop such destruction is by obeying God. T h i s i s a l s o w h at 2 Chronicles 7:14 is saying: “If my p e ople w ho are called by my name will humble themselves and

K akampi

Mo A ng Batas

By Atty. Batas Mauricio

pray, seek me, and stop their sinful ways, I will hear from heaven and will forgive their sins and heal their lands.”

The Lord Jesus Christ taught us how to be strong in times of disasters, in Matthew 7:24-25. He said, those who listen to Him and do what He has been saying will be like a house standing on solid rock which, even if rains, floods and strong winds will come against it, will not crash.

-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-

Going Home for Christmas

Philippine Press Institute

T

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

THINK

A Minute

By Jhan Tiafau Hurst

children would help her with the work around the house without her having to ask them. When love is expressed ONLY on special days that it is expected, it almost can hurt the person receiving it if there is no thoughtfulness and kindness every day. If there are no words of appreciation and love the rest of the year.

That’s why Jesus Christ said He would rather have us love Him by obeying and living for Him every day than for us to give a gift to the church once in a while, so we can try and make up for the way we live the rest of the time. Jesus loves us all very much! He always listens to us and forgives us, no matter how wrong or hurtful we’ve been. Jesus is just waiting for you and me to choose to love Him in return. He’s patiently waiting for us to spend time alone hurst/PAGE 7

Y

e s , t h e r e ’s s u c h a beautiful song entitled, “I’ll be home for Christmas!” But I’m not going to sing that with the sentimentality it evokes so vividly. I’d like to render it in a different way, bringing it to another level. This time, I would like that we re alize t hat Christmas, properly understood and celebrated, is where our true home is.

Thanks be to God, it’s u n m i s t a k a b l e t h at t h e Christmas magic is already in the air. We may continue to have our usual concerns, but the place in general is now so spruced up with all kinds of Christmas signs and symbols that we cannot help but feel Christmassy inside, a mysterious phenomenon that always escapes precise and rigid description.

We are now seeing a lot of Advent wreaths in churches, offices, schools, and in many homes. Then we have Christmas lanterns and Christmas trees almost ever y where. Of course, the crèches become the centerpiece of all these signs and symbols, a product of the best imagination and creativity of their makers.

Together with these are the custom of gift-giving and the surge of festivities and celebratory events. It seems that people like to feel different in Christmas.

They just like to be happy, and it’s understandable that they show this emotionally and externally.

We just have to make sure that all these activities are founded and oriented properly. They should not just be an org y of selfindulgence, but rather a true encounter with the living Christ, a genuine expression of joy both human and d i v i n e , e m o t i on a l a n d spiritual, natural and supernatural.

Since there is always the danger of missing the true spirit of Christmas, everyone should be reminded of what Christmas is really all about, what practical consequences and implications it has in our life.

And in whatever way we can, let us remind the others, especially those on whom we have some direct responsibility, about the true spirit of Christmas and about how to live it.

Let’s hope that we all can be up to this challenge.

For priests, for example, these days are a golden opportunity to bring out the religious and spiritual foundation of this season.

Wi t h g i f t o f t h e g a b, appropr i ate words and arguments, proper timing and tone, we should clearly point out why Christmas is truly joyful.

We pr ie st s c an t a ke advantage of the season of Advent, the proximate preparation for Christmas, to highlight, for example, the need for another c o nv e r s i o n , e s p e c i a l l y through the sacrament of

confession.

That’s because, as Christ himself said, there can be no greater joy in heaven than when a sinner repents.

Everyone is happy when repentance is done. God is happy, the person himself is happy, and ever yone else will also be happy.

It’s actually a joy that no worldly allurement can rival, and it’s the joy proper of Christmas.

Let’s also take advantage of the many traditional practices of popular piety to infuse the proper spirit into them before they get e mpt i e d of it t h rou g h ro ut i n e a n d t h e u s u a l dangers of indifference, blind conformism to social norms, commercialism and the like.

T h e l i g ht i n g of t h e candles of the Advent wreath can be a good occasion to explain about the need to develop a true longing for our Savior. Perhaps we can make a review, in the first place, of why we need to be redeemed. I’m afraid many people, especially the young, do not know anymore why we have to be saved.

We c an e x p l ai n t h e significance of the Christmas lanterns, relating them to the stars that brightened the skies during the first Christmas, with the angels singing, attracting the attention of the shepherds, as well as the star that guided the magi to the infant Jesus.

HINTS

and

Traces

By Fr. Roy Cimagala

The C hr ist mas t re es which we like to decorate lavishly should be related to the tree of death in Eden, and the tree of life, the cross, that served as the ver y instr ument of our salvation.

The crèches should be made to evoke the organic link between love, truth and joy, on the one hand, and simplicity and the spirit of worldly detachment, on the other. They should be a strong reminder of where our true joy can be found.

Si nce we ne e d litt le convincing for people to go to “simbang gabi” or “Aguinaldo Masses” and to have “noche buenas,” etc., let’s see to it that homilies are w e l l pre p are d , t h e different church activities well planned, confessions and other spiritual attention facilitated.

L et’s make sure that ever yone feels at home, b eing a memb er of the family of God during Christmas, with Jesus, Mary and Joseph at the center!

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

BusinessWeek MINDANAO Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

friday|NOVEMBER 28, 2014

5

BusinessWeek MINDANAO

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

Best in Business and Economic Reporting

6

Philippine Press Institute Civic Journalism Community Press Awards 2013

friday|NOVEMBER 28, 2014

PROVINCIAL SENIOR CITIZENS’ CELEBRATION – VICE GOVERNOR JOEY G. PELAEZ attends the 21st Provincial Senior Citizens’ Celebration which was organized by the Provincial Government of Misamis Oriental at the Capitol Grounds, Cagayan de Oro City. In his message, Vice Governor Pelaez thanked the senior citizens for their unwavering services and sacrifices for the country and expressed his hopes for additional incentives and benefits for them especially on health services.

Agusan marks MRDP Davao projects wow PhilRice 1st “Brown Rice Day” World Bank senior official MRDP), which include a farm-to-market road (FMR) with bridge component and banana-flour processing projects.

“I was impressed at how the projects changed lives for the members of the community. This is actually the World Bank’s satisfying experience, to see that projects can make a big difference in the communities.” He said the projects empower communities.

“A simple investment can be extremely important. This is exactly the objective that we can make a small difference in the community,” Trotsenburg said.

MRDP Deputy Director Arnel de Mesa in his report to Trotsenburg said the FMR with bridge from Barangay D a g o h o y, Ta l a i n g o d , to Barangay Semong, Kapalong, has benefited Manager Rizalie Calma (right) of the AMS Employees Fresh Fruits Producers Cooperative 1,347 households, including shows the packaged banana food-grade flour to World Bank Vice President Axel van indigenous peoples.

Trotsenburg (second from left, with cap), World Bank Country Director for the Philippines “The P10.2-million project Motoo Konishi (second from right) and MRDP Deputy Director Arnel de Mesa.

Official/PAGE 7 KAPALONG, Davao del Nor t e — A Wor l d B an k senior official expressed his admiration of how development projects are being implemented here and how it has changed the lives of its beneficiaries.

World Bank Regional Vice President for East Asia and Pacific Axel van Trotsenburg, who visited World Bankassisted projects in Kapalong and Talaingod, Davao del Norte, said he was impressed “how much the beneficiaries

can make out of the little funding assistance given to them.”

Trotsenburg was referring to projects implemented under the Department of Agriculture’s Mindanao Rural Development Program (DA-

RTR, Agusan del Norte -Philippine Rice Research Institute (PhilRice) Agusan Experiment Station and Department of Agriculture ( DA ) 1 3 s u c c e s s f u l ly celebrated the “Brown Rice Day” on November 14 at the Main Atrium, Robinsons Place in Butuan City.

As part of the month-long rice awareness celebration and with this year’s theme “Be Riceponsible”, wherein Filipino people are encourage t o b e re s p on s i b l e r i c e consumers or rice eaters by avoiding wastage and starting to mix rice with other staple foods available.

The “Brown Rice Day” showcased the unpolished rice also known as brown rice with its importance and health advantage that people can benefit at the same time driving them to eat brown rice that would definitely take them away from health problems especially with concerns to sugar level.

Part of the advocacy is to raise public awareness and knowledge on what is the

true meaning of brown rice.

PhilRice reiterates that brown rice is not a variety.

In fact, any rice variety can be made as brown when it is half or unpolished during the milling process.

The “Brown Rice Day” highlights the ceremonial tasting which was led by the PhilRice administration officer III, Rochelle P. Bondad with the recitation of the “Panatang Makapalay”.

Students from the participating schools joined the rice quiz bee and Jelly Mae Sianosa, 4th year high school student from Agusan Pequeno National High School (APNHS) was declared as the champion who received cash award, certificate and 1kg of brown rice as token.

“Brown r ice (BR) is healthier than white rice because of its bran which contains minerals, protein, calcium, phosphorus and other nutrients”, said Retsebeth Laquijon, Nutrition Officer III from the Department of Health (DOH) Caraga who philrice/PAGE 7

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

friday|NOVEMBER 28, 2014

Presses... from page 1

Primarily, in assessing p o w e r- s u p p l y d e m a n d situation such as the extremely-feared supply tightness next year, the “solution fixing” should have come sooner and plans could have been more palpable if there was a concrete energy outlook laid down by government.

It must be gleaned that t he worst p ower cr isis experienced by the State of California in summer of 2000 and 2001 had been partly due to planning failure of its DOE then.

That was taken into consideration when the EPIRA was being crafted, but apparently, government i mp l e m e nt e r s are s t i l l fledgling on enforcements.

The 2012-2030 PEP is not only outdated, but even the policy directions and investment terrains are not as coherent.

In other markets, their energy blueprints are either for a 30-year timeframe or stretched until year 2050 – t he phas e w he n t he energy world is expectedly shifting massively to cleaner alternatives.

Railway... from page 1

were already conducting studies on which possible railway project could be apt for the city.

“We have a choice of going for a system like a rail subway or a train line on an elevated platform,” Monteverde said.

The councilor added that the city was also inclined to have the railway system being operated on a buildoperate-transfer system under a public-private partnership.

I n O c t o b e r, M a y o r Rodrigo R. Duterte visited South Korea to speak with KEC representatives on the proposed project.

Duterte had earlier said that he wanted to see a Davao

City railway project being finished before his term ends in 2016.

However, Duterte told reporters in a press forum early November that he would prefer the cheapest version of the railway project that the city could afford.

Monteverde said the city was also willing for the railway project to be financed by a loan.

The councilor added that the city government would be pushing for the reduction of the number of vehicles on the streets once the railway project is completed.

“We can’t be like the s i t u a t i o n i n M a n i l a ,” Monteverde said, referring to an influx of vehicles after the creation of several railway projects such as the Metro Rail and Light Rail Transit projects.

Brownouts... from page 1

able to hopefully have zero brownouts this coming Christmas,” said PSI President Roel Z. Castro.

Dr. Walter W. Brown, PSI Chairman, said the plant would provide 20MW of the 120MW peak load of S O C O T E C O - I I an d committed to expand it by an additional 15MW by next year.

Modified IMEM can dampen brownouts If E ne rg y S e c re t ar y Carlos Jericho L. Petilla manages to have the modified Intermediate Mindanao Electricity Market (IMEM) restored as soon as possible, he is convinced brownouts in most areas of the Mindanao would likewise be eradicated, “Even if the Aboitiz 300MW coal fired power plant becomes operational, not all of it will be directly injected into the grid because around 140MW have been secured by Davao Light which has not been experiencing brownouts and no urgent need for additional electricity like the cooperatives,” Petilla

said. “I suspect they will replace their diesel plants with coal fired energy so it’s not sure if there will be any net addition to the grid.

“The best way to tap the capacities of these diesel plants is through an electricity market, which we’re saying now is IMEM,” he stressed.

“What we want is to ma ke a l l t hat cap acit y available through a market.

Problem is we had some problems when we launched IMEM because maraming hindi pagkakaintindihan.

Ang problema sa IMEM gicontrahan ni sa mga tawo nga wala man silay labot.

Dili sila buyer, dili sila seller.

Unsa man sila? Wala lang,” Petilla said in an impromptu press conference following the Peakpower launch.

Demand Side Bidding “Now we passed to ERC with major changes you pointed out. Your complaints were actually fair. One of the biggest features to be included in the modified IMEM is Demand Side Bidding,” Petilla said.

Under t he mo dif ie d IMEM Rules of Demand Side Bidding, distribution utilities and industries are allowed to post their desired prices for their power needs and if the suppliers can’t meet it, they will not be compelled to buy any electricity.

“If the supply is less than the demand, market should be suspended kasi magkakaipitan sa prices. However, we are i mp l e m e nt i n g d e m a n d b i d d i n g i n M i n d a n a o, walang ipitan ito,” Petilla said, stressing that utilities and industries who insist on their price should have other options ready in case no IMEM supplier picks up their offer.

“I just hope ERC will release it before summer when we really need it. We need the support of the coops and industry players to make it happen,” he added. “ Wit h d e m a n d s i d e bidding, the distribution utilities (DUs) will only get

the power at the bid price put out,” commented a power advocate from Zamboanga City who preferred to remain anonymous. “Hence, the DUs are better placed to know how much the additional power is worth to them.

Technically, the DUs cannot be complaining of high power prices.”

“Another aspect to the power industry is for the DOE/ERC to implement “open access” for big loaders come 2015 when there will be excess power, and that the big loaders be given a choice of their power supplier (if their respective DUs power cost is higher than what could be bought from the grid from other suppliers),” he added.

Projects... from page 2

He explained that coming up with one must carry the names of legitimate beneficiaries duly registered, at least, with the Securities and Exchange Commission (SEC), Cooperative Development Authority (CDA), or other st ate i nst itut i ons w it h accreditation functions.

Q u i c o st re ss e d t h at project proposal will no longer be as “vulnerable” as before that state-funded projects, especially, Priority Development Assistance Fund (PDAF) assisted projects have been doubted scam-free.

The said meeting hosted by the Office of the Provincial A g r i c u l t u r i s t ( O PA G ) here was well-attended by concerned agricultural personnel including veterinarians; planning officers; and coordinators for rice, corn, high value crops, livestock, and organic agriculture region-wide.

Holidays... from page 2

falls on his/her rest day, he/ she shall be paid an additional 50 percent of his/her daily rate on the first eight (8) hours of work [(Daily rate

x 150%) + COLA].

If the employee worked in excess or eight (8) hours (overtime work) that also falls on his/her rest day, he/she shall be paid an additional 30 percent of his/her hourly rate on said day (Hourly rate of the basic daily wage x 150% x 130% x number of hours worked).

Official... from page 6

enhanced mobility and decreased the travel time of farmers. It also decreased the hauling cost and postharvest losses of farm products,” de Mesa said.

IP farmer Ipos Bodyos of Tibukay village said, “Sangko sa langit ang among pasalamat [Our gratitude is up to the heavens].” He said that he used to walk 15 kilometers carrying their sweet potato, corn and banana from his farm to the town market.

He used to pay hauling cost of P4 per kilo of corn.

With the presence of the FMR and bridge, he was able to save P1 per kilo as he now only pays P3 per kilo of corn.

Trotsenburg also lauded the P2-million MRDP assistance to the AMS Employees Fresh Fruits Producers Cooperative, which enables the cooperative to expand their banana-flour processing from feed grade

7

to food grade.

“Instead of producing more feed grade flour, we will now reverse the production to food grade as it is more lucrat ive,” C o op erat ive Manager Rizalie Calma said.

“It was a good way looking at the projects and listening where we can be supportive to the Philippines. I saw a lot of enthusiasm and do not want to discourage that. I want to stimulate them to take their own destiny and keep up the ambition,” Trotsenburg said while urging beneficiaries to sustain their projects.

PhilRice... from page 6

served as the speaker during the event. “It facilitates regular body disposal since it also contains fiber” she added.

Studies show that cancer and diabetes may be diminished by eating brown rice or unpolished rice. It can also reduce the incidence of cardiovascular diseases (CVD) such as hypertension, heart disease, hypercholesterolemia and stroke.

The program starts and ends with a video showing on the Be Riceponsable Campaign as well as the overview of the National Rice Awareness Month (NRAM) Celebration.

(Ginalyn V. Arbutante, PhilRice Agusan/PIA-Agusan del Norte)

8

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

friday|NOVEMBER 28, 2014

BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER 2013 PPI’S BEST IN BUSINESS AND ECONOMIC REPORTING

FRIDAY | NOVEMBER 28, 2014

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

B1

Mimi Parrel-Pimentel: editor: SHAUN ALEJANDRAE YAP UY

Fashion Icon

By JOE PALABAO

M

imi Parrel-Pimentel is one of the brightest and one of the most sought after designers of the upper echelon of the society today. She is by far considered as a fashion icon par excellence of Cagayan de Oro and in Mindanao. Her designs and creations are always ahead of the fashion trend. She is not using catalogues and guides to her creations and collections.

Her designs are unique and always are based on the clients’ body physiques, aura and personality that when her creations are over, when fitted, a stunning and mesmerizing look can be gleaned on her creations. Her designs exude sophistication and beauty which is beyond the capacity of human describing.

Mimi Parrel-Pimentel is one designer in Northern Mindanao who catapulted Cagayan de Oro City as the FASHION CAPITAL OF MINDANAO because of her glorious designs along with the brightest designers of the upcoming highly urbanized city of the country-Cagayan de Oro. She creates a design for every client she has, a creation before a fashion trend arrives to the industry and to the fashion scene. Her designs and creations are always anticipated ahead of the present fashion trend. Her creations are coming from the heart and ingenuity, rich and creative mind that comes out very original which fits to the personalities of her clients. Her creations exude elegance, high end fashion, stunning look, quaint beauty and carpet head turner.

She uses high end fabrics from known suppliers from Hongkong, Thailand, Indonesia, China, Singapore, Malaysia, Europe and recently

during her travel, October 2014 she was able to acquire high end fabrics from Dubai.

January of 2011, she visited a bead factory in Japan, a high end manufacturer of beads used for embellishments of her creations, and accents of her gowns. She specializes in wedding gowns, party gowns and formal attires.

She travels to different countries to acquire high end fabrics, beautiful beads for embellishments and get inspiration from the country’s fashion design, fashion trends, its cultural aspects, cultural tradition in fashion designing its intricate arts and design applications which she uses in designing her quaint creations to her clients in the Philippines.

She has dressed known politicians of the country, former Senators like Nene Pimentel, local government officials, businessmen, the elite women of the society and the Royal Muslim Families of

the Region for weddings and royal function creations. Her creations always exude beauty and elegance.

At A Glance – Melody May “Mimi” Parrel-Pimentel is an International Studies (IS) graduate from Xavier University-Ateneo de Cagayan and spent precious time assisting in her family’s construction business at Lapasan, Cagayan de Oro City where her aunt’s Jesse Sia shop, the known fashion pillar of Cagayan de Oro City was situated alongside. It is in this setting that Mimi found herself working on her design sketches more for fun than developing a serious career option. Her aunt noticed her attempts and enthusiasm and encouraged her to develop her burgeoning talent. Her parents have likewise recognized her potentials and offered strong support. Consequently, they sent her to Madonna School

of Fashion in Ayala, Makati City, Metro Manila from 1992 to 1994 where she studied and pursued her aspirations.

After finishing the course, she worked as a designer for Aunt Jesse Sia where she further developed and honed her skills and talents into an art form, becoming savvy with the managerial aspect of the business in the fashion world.

And when her aunt left the country Mimi assumed the responsibility and took on the business.

In 1997, she established the Mimi Pimentel Boutique and Dress Shop and confident in her independence and honed skills, anticipating difficulties but believing in her ultimate success she started in a small with a single mannequin and old sewing machines scattered around.

Not allowing this minor details to distract her from her goals, she conscientiously attended to her clients-treating each one uniquely with specific needs and attended to details and high regard for individual sensibilities has earned Mimi the confidence and admiration of loyal clienteles who has spread the good work around, making Mimi’s work a topic and interest in fashion conversation in the industry and for many years to come.

For what she is now, Mimi improved her skills and continues to attend fashion training and conferences here and abroad. She is constantly updating with the latest fashion trends and designs. She also enrolled at the Fashion Institute of Technology, a premier Fashion School in New

York where she learned to anticipate fashion designs and trends and fabric orientation.

She took up the London 2010 Pattern Making, Shoe Designing (customized) and Period Corsetry from London College of Fashion in Central St. Martin.

For her entrepreneurial work and success she received the Ramon Magsaysay Foundation as Best Female Entrepreneur in Region 10.

She is a member of the Oro Designers Guild of Cagayan de Oro City (OFDG) and presently the Director of Fashion Institute of the Philippines, Cagayan de Oro Branch, the best and biggest Fashion School in the country today. Recently, she opened the Philippine Institute for Skills and Arts Development in Cagayan de Oro, a TESDA accredited school.

March 2012, she received a Special Award for Fashion Design given by the 1st ever Business Leaders’

Award for Mindanao spearheaded by Business Week Mindanao Group of Publications.

Mimi Parrel-Pimentel is now the Fashion Icon of Cagayan de Oro City and Northern Mindanao whose legacy with only one mannequin when she started in 1997 in town and now becoming practically a household name in the upper echelon of the society and in Mindanao is a testament that indeed talent and hard work makes her extraordinary. She continues to weave a tapestry of awe and inspiration of people who aspire for more beauty, more success and more glorious creations in the fashion industry.

MABUHAY KA MIMI PARREL-PIMENTEL: FASHION ICON OF NORTHERN MINDANAO!!!!

BusinessWeek MINDANAO Best in Business and economic RepoRting

B2

PhiliPPine Press institute Civic Journalism Community Press Awards 2013

FRIDAY | NOVEMBER 28, 2014

Feature

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

CDO Developer represents PH in “Asia as a destination for Russian and CIS Wealth” Summit 2014 in Singapore

Representing the Philippines is Arch. Romolo Nati, the chairman and CEO of Italpinas Euroasian Design and Eco-development Corporation (ITPI). [Photo Supplied]

Industry experts in wealth management, banking, fund management, trust services, real estate, gold and diamond trading as well as arts and wine investors from all over Asia, Russia and CIS countries gathered in an International 2-day Summit in Marina Bay Sands Convention Center, Singapore on 18th and 19th November.

Representing the Philippines is Arch. Romolo Nati, the chairman and CEO of Italpinas Euroasian Design and Eco-development Corporation (ITPI) who has been invited to the summit as a resource speaker and part of the panel discussion on areas for investing in Asia.

The summit sought to identify the opportunities and how to make the most out of the extraordinary growth that Asia offers. Presentations, panel discussions and seminars were held with prestigious personalities and industry leaders from all over the world in attendance. Experts in various fields also offered their view about investments in banking and insurance products, agricultural assets/funds and real estate assets and development, vault stored gold bullion and diamonds including investments in rare whiskeys and prestigious wines.

Asia, the birthplace for the world's future middle class International financial research and investment firms like Knight Frank presented their 2014 Wealth Report, affirming that Asia is to be the birthplace for the world's future middle class. According to the study, Asia will be producing most of the new billionaires in the next 40 years

to come.

“The global investment community is definitely now looking with a very interested eye at this big and growing market with Singapore and Hong Kong taking the leading role as the region's financial hubs,” says Mr. Lorens Ziller, Chairman of Multiplata Investments. “Investment banks, funds, private investors and HNWI are structuring to operate into a wider range of countries like Myanmar, Vietnam, Indonesia, Philippines and India which seem to guarantee a substantial growth for quite a number of years to come.”

Those markets are driven especially through a high population growth and domestic consumption as well as government infrastructure spending. For real estate, the housing, office space and retail space requirements in these countries are quite substantial, especially the opportunity to “develop in secondary cities in the Philippines” as Arch.

Romolo Valentino Nati, chairman and CEO of Italpinas and Philippine advocate remarked during his panel discussion.

“Italpinas aims to build in alternative locations with a real housing demand and where a sustainable green modern design brings innovation and offers an affordable luxury and lifestyle to the upper middle-class of the Philippines,” Nati added. “The company’s flagship project, Primavera Residences, is the first of its kind in Cagayan de Oro City, Philippines, setting the bar for condominium projects in the area with its modern Italian design infused with eco-friendly architecture.”

According to Mr. Alexander Karolik Shlaen, chairman of Panache Management in Singapore, “Asians love to invest in real estate assets as a form of security and further investments from HNWI from all over the world is driving residential real estate prices in Singapore and Hong Kong”. WealthX, a research agency of wealth generation and migration, have shown research data that still only a small percentage of capital in the biggest financial markets is allocated to Asia (only a total of 2% from the US and almost the same from Europe).

That means there is more to expect.

Positive outlook for the region With ASEAN integration becoming a reality soon, the overall outlook is more than positive.

Increased cross-border transactions are opening the gates more and more to secondary Asian financial markets like Indonesia and Philippines which still have a low number of listed companies and IPO's, thereby offering interesting opportunities for foreign investors.

UBS, one of Switzerland's most important banks, as well as Citibank, have established a special desk for Russian and CIS investments in Singapore. According to statistic data, investment from Russia and other CIS states are increasing drastically. Many experts at the Summit agree upon, that “this is not even the beginning” and we may expect an increasing influx of investment capital in the region in the years to come. The organizers, also picking up on ideas that were shared during the event, are already planning the next summit to be even more interesting.

P20 Chicken Fingers Blowout for T.G.I. Friday’s 20th Year C

elebrate T.G.I. Friday’s 20 years in the country through an anniversary blowout happening on December 11 at all its branches nationwide.

Come hungry on the said date and enjoy TGIFriday’s perennial bestseller, Chicken Fingers, for only P20!

This one-day promo is the restaurant’s way of saying “thank you” to all its customers and their continued support through the years.

Hand-battered chicken tenders, golden fried and served with crispy seasoned fries and a dip of honey mustard dressing, Friday’s Chicken Fingers is a certified guest favorite – a

must-order dish from the restaurant’s menu of American-style comfort food served in generous portions.

It has been 20 years since the American casual dining restaurant opened its very first store in the country in Glorietta 3. Fifteen locations and numerous recognitions later – including a Grand Store of the Year award given out by Ayala Malls this year – T.G.I. Friday’s continues to deliver on its promise of “In Here It’s Always Friday!” by constantly improving its menu, raising the bar in customer service and creating a happy dining experience for its guests.

Its innovative and hip approach to

casual dining has kept the fun spirit at T.G.I. Friday’s, known for staging one of the most spectacular bartending competitions in the world. In addition to its world-famous bartenders, T.G.I. Friday’s is also the best place to chow down superb American food, from its signature burgers, mouthwatering steaks, Jack Daniel Grill specialties to pastas, salads, and decadent desserts.

Aside from offering big, bold flavors, the restaurant is also a popular watering hole for people who want to unwind and enjoy a round or two of after-work drinks. The bar is always fully stocked with an amazing selection of premium beers, wines and spirits;

it also serves cocktails, smoothies and refreshing fruit mixes with a kick.

To date, T.G.I. Friday’s has 16 stores in Metro Manila and in key cities across the country. The newest branch recently opened at the Fairview Terraces Mall with a 150-seating capacity and features the brand’s new and more modern vibe.

The P20 Chicken Fingers offer is available on December 11, 2014 from 11 am to 4 pm with a minimum purchase of Php 250 per person.

Visit the nearest T.G.I. Friday’s and celebrate the restaurant’s 20 years in the country with great food, good company and fun times.

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

BusinessWeek MINDANAO Best in Business and economic RepoRting

PhiliPPine Press institute Civic Journalism Community Press Awards 2013

FRIDAY | NOVEMBER 28, 2014

B3

VIBE

BusinessWeek MINDANAO FRIDAY | NOVEMBER 28, 2014

editor: ShAuN AlEjANDRAE YAp uY

B4

ThE lICEO u DRAGONOIDS. FILE Photo by ShAuN uY

CDO’s sole dragon boat team gears up for Bugsay Mindanao

the LIceo drAgonoIds, the first dragon boat team in CDO and Misamis Oriental is raring to make history as they compete in their very first race right here in Cagayan de Oro City.

Composed of university students of Liceo de Cagayan University, the Dragonoids will be up against seasoned teams from Davao, Butuan and Iligan as they see action on the Cagayan River in

Bugsay Mindanao this coming December 6, 2014 from 7am until 3pm in five race categories (9pairs -200m Men’s, 2000m Men’s, 200m Mixed, 2000m Mixed, and 5 pairs 200m Women’s).

Barely three months old the team is excited to test their skills against the more experienced Mindanao teams.

The Dragonoids are formed by the university to engage students in alternative

team sports as well as help promote for a sustainable and protected Cagayan de Oro River where they regularly train almost every day.

Their advocacy for the river is solidified as they invite paddlers from all over Mindanao join them in Bugsay Mindanao and donate funds to purchase Lambago seedlings to be planted along the river banks.

This Campaign is in support to the efforts of

Safer River, Life Saver Foundation, Inc. the outreach unit of Liceo U. In keeping with their will to promote the dragon boat sport, the Dragoinoids have invited their key corporate partners to train with them and participate in dragon boat clinics. These teams include the Team Oro Rescue (CDRRMC staff), Team Zealep (affiliate companies of Liceo U), Team R.O.X( Outdoor gear shop) and

Colours Fotos|Cameras|Gadgets, Cebu’s number 1 photo shop for over 25 years opened their Cagayan de Oro branch two years ago in Centrio Mall. Colours Fotos|Cameras|Gadgets being the most trusted photo shop is the leader to provide digital printing you can claim in less than 30 minutes. We also offer RUSH ID in 5MINUTES. Here you can find world renowned camera brands such as Canon, Fujifilm, Panasonic, Nikon, Sony and GoPro.

Team RedLemon Digital (web media company).

Bugsay Mindanao is organized by Liceo de Cagayan University thru the Liceo Dragonoids and co-presented by Smart Communications in partnership with Kendle Boats, BusinessWeek Mindanao, 99.1 iFM, R.O.X., RedLemon Digital, PARASAT HD, ABS-CBN, Hon. Oscar Moreno, and Fit Republic CDO.

Colours Fotos|Cameras|Gadgets also offer a wide variety of professional accessories such as Vanguard, Benro & Manfrotto bags & tripods. Straight from Hollywood studiosSteadytracker & Cobracrane. You can also get your Phottix filters & flash trigger & EasyCover protection for your precious cameras. Set up your own studio with our affordable studio light kit. Almost everything to fulfill the needs of every photo hobbyist or professionals. Avail of our BUY NOW PAY IN 2015 this holiday season.

Visit us at our new location at the 3rd floor Centrio Mall.

We are between Cherry Mobile and Sunburst. Visit also our website at colours.com.ph and coloursdigital.official on facebook.