BusinessWeek Mindanao (November 5, 2014)

BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 65

Market Indicators

As of 6:13 pm nov. 4, 2014 (tuesday)

FOREX

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7,222.01 points

cent

90.84 points

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Briefly ARMM projects MARAWI City -- After more than a decade of working to empower communities in the Autonomous Region in Muslim Mindanao (ARMM), the ARMM Social Fund Project (ASFP) has formally wrapped up its operation this year and turned over government properties and equipment under its care to the regional government last week.

Established in 2003, the ASFP was the biggest and only donor-assisted project directly managed by the ARMM government. It was funded through a government loan from the World Bank and the Japan International Cooperation Agency (JICA).

With three major components - Community Development Assistance (CDA), Strategic Regional Infrastructure (SRI) and Institutional Strengthening and Governance (ISG) - the project was designed to empower ARMM communities through social and economic infrastructures, capacity building of community groups, social cohesion and partnerships, and improvement of local governance and institutional capacities.

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Wednesday | November 5, 2014

P15.00

Bangsa devt body lays economic blueprint S

By MINDANEWS

ULTAN KUDARAT, Maguindanao – “This is very unique,” Malaysian facilitator Tengku Dato’ Ab Ghafar Tengku Mohamed said of the Bangsamoro Development Plan, which was handed by the Bangsamoro Development Agency (BDA) to the Moro Islamic Liberation Front’s (MILF) Central Committee on Sunday.

DEVELOPMENT PLAN. Moro Islamic Liberation Front chair Al Haj Murad Ebrahim (right) receives a copy of the Bangsamoro Development Plan from Bangsamoro Development (BDA) chair Dr. Saffrullah M. Dipatuan during a ceremony at Camp Darapanan, Sultan Kudarat, Maguindanao on November 2, 2014. mindanews photo by toto lozano

Govt to earn $3.2B from sale of Agus-Pulangui facilities

Tengku said it is rare to see a revolutionary group write an economic blueprint. “ This is the realization of the dreams of the late Salamat Hashim,” he said during the ceremony inside the MILF’s headquarters in Camp Darapanan.

Salamat, former vice chair of the Moro National Liberation Front (MILF) founded the MILF in the late 1970s and led the group until his death in July 13, 2003 in

Lanao del Sur. The BDP, which is an initiative of the MILF through t he BDA, w i l l prov ide strategic directions for the delivery and upgrade of basic services in Bangsamoro communities during and beyond the transition period.

“The BDP is a blueprint for the development of the Bangsamoro into a just, peaceful, and prosperous society. Building on the bangsa/PAGE 7

By MYRNA VELASCO, Contributor

Davao int’l airport DAVAO City -- The city government and the Department of Transportation and Communications (DoTC) have started drafting a plan to expand the Francisco Bangoy International Airport here and transform it into Mindanao International Airport.

The Davao City airport development is one of the major infrastructure projects recently approved by the National Economic and Development Authority (NEDA), which will be undertaken through the public-private-partnership (PPP) program.

During the presentation of the updated Davao Regional Development Plan last week, Jose Froilan T. Rigor of the City Planning Development Office said the city has sent a request to the national government to fund the feasibility study for the project under the DoTC’s allocation for 2015.

THE government is anticipating to fetch additional $3.2 billion from the sale of the remaining assets of the National Power Corporation (NPC), including the highly-controversial proposed divestment of the 982-megawatt AgusPulangui hydropower facilities.

In an interview with reporters, Power Sector Assets and Liabilities Management Corporation (PSALM) president Emmanuel R. Ledesma Jr. has noted that they still have aggregate 1,600 to 1,700MW of capacities which are to be scheduled for bidding.

“We still have 1,600 to 1,700MW remaining…to make it easy, the rule of

thumb is $1.5 million to $2.0 million – it depends on the type like coal or geothermal — so to simplify it’s for 1,600MW, that will be your rough number… $3.2 billion,” he said.

Within this year, he noted, the asset the government is pursuing for privatization would be the 32-megawatt Power Barge-104 in Mindanao.

The next ones will be the bulk capacity of the 640-MW Unified Leyte geothermal facility which is being offered on a privatization scheme that requires engagement of an independent power producer administrator or IPPA. earn/PAGE 7

INDIGENOUS PRODUCTS. A passing motorist checks on the rattan handicrafts displayed for sale in Kitaotao town, Bukidnon. mindanews photo

Laguindingan Airport to begin night flights by end-November EXPECT Cagayan De Oro City’s night life to liven up as the Laguindingan Airport begins accepting evening flights by month’s end.

“We are happy to announce

that the Laguindingan Airport is now equipped for night landing operations. We hope to activate evening flights by the end of November in order to give the public more

flight options as well as to decongest the airport during the day,” Transport Secretary Joseph Emilio Abaya said in a statement. flights/PAGE 7

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Economy

2 TESDA-ARMM receives ISO certification wednesday|NOVEMBER 5, 2014

M A R AW I C it y - - T h e Technical Education and Skills Development Authority in the Autonomous Region in Muslim Mindanao (TESDAARMM) has been awarded the International Organization for Standardization (ISO) 9001 certification, making it the first line agency in

the ARMM to be granted the prestigious status by the TUV SUD PSB Philippines.

Omar Shariff Jaafar, TESDA-ARMM director, said the ISO recognition was confirmed following the assessment conducted by the ISO third party certifying body last October 16-17,

declaring that the agency has satisfactorily complied with the certification requirement.

An ISO 9001 accreditation is granted to private and government organizations that have conformed with the quality management system (QMS) incorporated in their work and service performance.

The QMS is a set of i nte r n at i on a l s t an d ard procedures and manuals implemented by the organization in its internalexternal and service dealings.

“We tackled everything in the aspects of our human r e s o u r c e c o m p e t e n c y, documents and records control, customer satisfaction policy, procurement, internal

quality control, and our work environment,” he said.

“An ISO certification increases the transparency and accountability while e nsu r i ng e f f i c i e n c y i n the performance of our functions,” Jaafar added.

In August 2014, the ARMM had invited resource persons from the Development Academy of the Philippines for an orientation on QMS in the government, a move to jumpstart ISO accreditation for its line agencies.

The Hataman administration is keen on promoting quality service, aiming to be at par with other developed regions and the world.

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DOLE urges 50 firms to be labor-compliant MALAYBALAY City -- The Bukidnon Provincial Office of the Department of Labor and Employment, Regional Office No. X (DOLE-X) held a Joint Assessment (JA) with 50 differentsectored establishments from cities of Malaybalay and Valencia on October 22, 2014 at Sugar Workers Learning Training Center (SWLTC), Malaybalay City.

JA, previously Routine Inspection, is part of the processes under the Labor Law Compliance System or the LLCS. It is an integrated framework of voluntary compliance

and enforcement of labor laws and social legislations issued pursuant to the rulemaking, visitation and enforcement of DOLE. The table joint assessment aims to fast track the inspection of the establishments in the area.

LLCS includes the scope on General Labor Standards ( G L S ) , O c c u p at i o n a l Safety and Health (OSH), and child labor matters.

Presumed compliant, the assessed establishment will be issued a Certificate of Compliance by the Regional Director. It will not be dole/PAGE 6

DTI-10 alerts consumers, reminds retailers on prices ILIGAN City -- With just a few days away from celebrating the holiday season, the Department of Trade and Industry (DTI) has alerted consumers to be guided on suggested retail prices or SRPs for basic necessities and prime commodities issued by appropriate government agencies.

Th is is pursu ant to

Republic Act (RA) 7581 or the Price Act, and RA 10623 or the act amending RA 7581.

DTI also reminds retailers to sell within the SRPs. Ruel B. Paclipan, provincial director, DTI Iligan/ anao del Nor te Provincial Office said that the buying public needs to be informed on the SRPs of basic prices/PAGE 6

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New Location

T

hink a minute…A Bank in New York City had some flowers sent to another bank that had moved to a new building. But there was a mix-up at the flower shop, and the card that was sent read: “With our deepest sympathy.”

The florist was so embarrassed and apologized for her mix-up.

But she felt even worse when she realized that the card to the bank was sent instead to a funeral. This card read: “Congratulations on your new location!” You can imagine the surprise of the dead person’s family when they read that card! All joking aside. You know that’s actually an accurate way to describe what happens when we die. While we’re alive on this earth, our body is just our temporary house. Doctors say that after we reach the age of about 20 years old, our body begins to deteriorate and slowly die. Our hair turning gray and thin, wrinkles in our skin, and many other changes in our body are all signs that our aging house is falling down.

No one escapes this fact of life!

All joking aside. You know that’s actually an accurate way to describe what happens when we die. While we’re alive on this earth, our body is just our temporary house. Doctors say that after we reach the age of about 20 years old, our body begins to deteriorate and slowly die. Our hair turning gray and thin, wrinkles in our skin, and many other changes in our

THINK

A Minute

By Jhan Tiafau Hurst

body are all signs that our aging house is falling down.

No one escapes this fact of life!

However, we have a soul that never dies, so when our body dies we just change locations. And our next location is not just for 70 years, it’s our permanent home— forever. Jesus Christ said that there are only 2 locations that we can live in after we die: heaven or hell. Fortunately, the choice is ours to make now while we’re still in this temporary location.

If we choose heaven, then all we need to do is ask Jesus for His gift of forgiveness for living our own way. Then, ask Him to take charge of our new life so we can start living His right way every day for the rest of our life in this location, as well as forever with Him in our permanent location. So if your life ended today, do you know where you would relocate?

Just Think a Minute…

Opinion

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

P5,000 Minimum Monthly Net Take-Home Pay for Gov’t Workers Making a uniform P5,000 monthly minimum net takehome pay for government employees after authorized deductions, is laudable since it would raise the purchasing p ower of workers and discourage them from taking out more loans, a habit that the government is strongly discouraging.

The lawmakers ‘ proposal through House Bill 4441 seeking to provide for a monthly minimum net-take home pay for all government employees after authorized deductions is compassionate.

Increasing the minimum net take-home pay per month would boost the employees’ purchasing power and control their loan habit. This will allow them to have a few thousand pesos more to spend on their family’s needs. Also, this could put some form of control on the loan amount an employee can avail of.

It is a known fact that most government employees take out loans left and right regardless of their capacity to pay which reduces their minimum net take-home pay.

The National Statistical Coordination Board (NSCB) in its 2012 Full Year Official Poverty Statistics Report stated that a family of five will need at least a monthly

editorial income of P5,513 to buy its minimum basic food needs and around P7,890 a month for minimum basic food and non-food needs.

Incidentally, she said inflation in the country increased at 4.1 percent per year from 2009 to 2012.

In fact, having a deficit of a few hundred pesos below the required amount set by the NSCB may already be considered as living below the poverty line. Certainly, a net take-home pay of P3,000 is not enough, according to a lawmaker.

State employees selflessly render their invaluable service to the government and are the primary movers towards the country’s growth and development. It is necessary to preser ve their wellbeing and help them keep their dignity by providing measures that will protect their economic liberties. The provision under the General Appropriations Act (GAA) which sets the monthly minimum net take-home pay of employees annually must be enacted as a special law to gain permanence and

give our state workers a sense of security.

The annual GAA sets the monthly minimum net takehome pay of state workers after authorized deductions.

This is to ensure that they bring home a decent portion of their earnings after paying all their obligations and contributions.

In 2012, the monthly minimum net take-home pay was increased to P5,000 from P3,000 during the previous years. This adjustment was deemed necessary because of the rising cost of living in the country. However, under the GAA of 2013, the monthly minimum net take-home pay was again reduced to P3,000.

In House Bill 4441, 13 lawmakers proposed that the minimum net take-home pay of state workers after all authorized deductions shall at all times be equivalent to 30 percent of the monthly salary prescribed for Step 8, Salary Grade 12 as provided for under Republic Act 6758, otherwise known as the “Compensation and Position Classification Act of 1989,” as amended. Per Joint Resolution

No. 4, enacted by both the Senate and the House, and approved by former President Arroyo in 2009 on the rates for standardized salaries of government employees, the salary equivalent of Grade 12, Step 8 is P21,379.

The bill refers to authorized deductions as deductions from salaries, emoluments, or other benefits accruing to any government employee that may be allowed for the payment of an employee’s c ont r i b ut i on s du e t h e following: Bureau of Internal Revenue (BIR), Government Service Insurance System (GSIS), Home Development Mutual Fund (HDMF) and the Philippine Health Insurance Corporation (PhilHealth); Mutual benefits associations, thrift banks and non-stock savings and loan associations duly operating under existing laws which are mandated by, and for the benefit of, government employees; Associations or cooperatives organized and managed by the government employees for their benefit and welfare; Duly licensed insurance companies accre dite d by nat iona l government agencies; and Other authorized deductions as may be authorized by law.

There’s no reason to disapprove it.

Drilon Can’t Be Liable for Plunder LIFE’S INSPIRATIONS: “…

Let everyone be subject to the governing authorities, for there is no authority except that which God has established…” (Romans 13:1, the Holy Bible).

-ooo PNOY’S LEADERSHIP S T Y L E : It i s a c l e a r handwriting on the wall, indicating the kind of a leader President Aquino is, when, even a mere airing of one’s concern against injustice and double standard is considered by him as a “conduct critical of the administration”. Why, nobody has a right anymore to complain against injustice and double standard, simply because the president is Benigno Simeon Aquino III? I am not siding with Vice President Jejomar Binay here, but, certainly, the second highest official of the land has a stake, p e r s on a l , of f i c i a l , an d ot he r w is e, to s e e to it that injustice and double standard are not wantonly and grossly peddled around with impunity, especially under a government whose leader is mouthing a “righteous governance” slogan.

-ooo SKEWERED SENSE OF RIGHT AND WRONG: If the truth be told, Binay is even doing Aquino a great favor by pointing out specific incidents that could be interpreted as derailing

A q u i n o ’s “ r i g h t e o u s governance” program, even if those incidents personally affected him, at least to enable Aquino as a leader to remedy the situation.

To say, therefore, that Binay was being “critical of the administration”, when all he tried to do was to merely raise valid points about the way officials of government are badly treating perceived opponents, is to betray not only intolerance of criticism, but, more importantly, of a skewered sense of what is right and wrong, and a pathetic incapacity to distinguish between the two.

-ooo DRILON CAN’ T BE LIABLE FOR PLUNDER: If all that Senate President Franklin M. Drilon did was to use the entirety of his (P200 million) pork barrel and the whole of his (P100 m i l l i o n ) d i s b u r s e m e nt acceleration program (DAP) funds given by President Aq u i n o f o r t h e I l o i l o Convention Center, how does that make him liable for plunder, much less for graft?

The records will show that the Center was a project bidded out and pursued by the Department of Public Works and Highways and by the Department of Tourism.

It is also clear that Drilon’s only participation in the construction of the Center was simply to allow his pork barrel and DAP funds to

be used in it. He did not participate in the bidding, and there is no showing he had a hand in the ultimate disbursement of the funds he contributed.

S o w hy sue him for plunder and graft? The on ly way Dr i lon cou ld be implicated here is to prove t hat he re ceive d commissions from the use of his funds. But, even the complaint now filed with the Ombudsman against him does not contain any evidence that Drilon got even one centavo only from the Center. Really, politics--the dirty kind, I mean---is more fun in the Philippines.

-ooo ONA DOESN’T DESERVE PNOY BASHING: It is unfortunate that President Aquino, in ousting Health Secretary Enrique Ona, didn’t find it necessary to just privately talk to the health chief and then instruct him to quietly leave his post. There must be something terribly wrong when, to compel Ona to resign, the President had to publicly berate him, and indirectly allow supposed dossiers against him to surface in media.

Yes, maybe Aquino was correct that Ona had to explain many things in his stint at the DOH. But then, did Aquino have to wash the dirty linen in public, so to speak, to demand that explanation from him?

We have to remember that

K akampi

Mo A ng Batas

By Atty. Batas Mauricio

Ona was Aquino’s ow n choice, in the first place, and that Ona had to be literally arm-twisted just to join Aquino’s Cabinet. Ona doesn’t deserve the public beating he is receiving now, from the President no less.

-ooo PLEASE LISTEN: “ Ta m b a l a n g B a t a s a t Somintac”, jointly aired at DZEC, 1062 kHz in Manila, 1080 kHz in Dagupan City, 711 kHz in Naga City, 1260 kHz in Lucena City, 1224 kHz in Davao City, and at www.eaglebroadcasting. net, Mondays to Fridays, at 6 a.m.; “Kakampi Mo Ang Batas”, at 103.7 mHz in Don Carlos, Bukidnon, Mondays to Fridays, at 7 a.m.; “Kakampi Mo Ang Batas” at 801 kHz on the AM band (Panay Island), Mondays to Fridays, at 10 a.m.; and “Kakampi Mo Ang Batas” at 107.5 Win FM, Roxas, Isabela (Saturday, 5:30 a.m., and Sunday, 7 a.m.).

-30-

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Bayan-Globe calls for dismissal of CA case B A Y A N T E L Telecommunications and Globe Telecom called for the dismissal of the PLDTinstigated case for “utter lack of merit” at the Court of Appeals (CA).

In the Joint Rejoinder of B ayan-Glob e to the 17th Division of the CA l a s t O c t o b e r 3 0 , b ot h telcos also asked the CA to correspondingly lift the Temporary Restraining Order (TRO) it issued last October 9 against NTC and to deny the granting of a writ of preliminary injunction.

In the said Joint Rejoinder, Globe maintains that PLDT’s “pushing its ‘bully’s agenda’ on flimsy grounds shows it will stop at nothing to p r e v e nt a f i v e - b i l l i o n peso (P5,000,000,000)

rehabilitation effort by Globe from seeing the light of day”. Globe also insists that “ironically, petitioner (PLDT) has the audacity to pontificate that Bayantel and Globe are the ones conspiring ‘to create an anti-competitive environment’ in the telco industry”.

Bayan-Globe showed the CA that PLDT’s overstated right to be protected has no b asis since B ayan’s rehabilitation will simply put back a far third player on its feet – not becoming “unfair competition” at all.

Bayan’s co-use of its radio frequencies with Globe “are not at all inimical to petitioner PLDT nor to the industry or the subscribing public as they will not only mean the success of Bayan’s rehabilitation

Del Monte shares’ SGX listing slated for Nov. 7 DEL MONTE Pacific Ltd. on Monday said its newly offered 5.5 million ordinary shares will be listed on the Singapore Exchange (SGX) on or before Nov. 7.

“The Board wishes to advise that the Offer Shares had been listed on the Philippine Stock Exchange (PSE) on 30 October…” the company said in a brief disclosure to the PSE, adding that it will make further disclosures to update

stockholders “in due course.”

The food and beverage conglomerate was able to raise P93.5 million from the offering last Oct. 22 due to strong demand, with proceeds to be used to help pay down short-term debt.

The shares were sold at P17 apiece, a premium of 1.65% to the volume weighted average price last Oct. 14 -- a day before the offer was announced. shares/PAGE6

RFM earnings take a hit from port congestion SUPPLY-chain disruptions caused by congestion at Manila’s ports slowed down profit growth for RFM Corp in the first nine months of the year.

In a disclosure to the Philippine Stock Exchange, t he fo o d and b e verage company of the Concepcion family said its net income increased by a tenth yearon-year to P578 million in the January to September period, slower than the 19 percent expansion to P525 million a year ago.

Sales climbed 10 percent to P7.84 billion this year from P7.1 billion last year buoyed

by the faster growth of the ice cream, pasta, flour mixes, milk and bread businesses.

R F M’s p e r f o r m a n c e through September accounts for just 61 percent of the lowend of its earnings guidance ranging from P950 million to P1 billion, and 65 percent of its sales projection of P12 billion.

Even as sales at endSeptember have accelerated from the 5 percent growth in the first half, RFM president and chief executive Jose A. Concepcion III said they could have been higher if not for the operational bottlenecks earnings/PAGE 6

but a benefit for the rapidly expanding consumer market by empowering them with more choices and faster and better products and services”.

“Furthermore, there is no issue on the need for a Congressional approval with the alleged franchise transfer since what is being transferred are only Bayan’s shares of stock and not its franchise.” The joint petition also cited the Supreme Court ruling in the case “PLDT v.

NTC”, that the “transfers of shares of a public utility corporation need only NTC

approval, not Congressional authorization”.

Industry pundits recall that the naked monopolistic power that PLDT would exercise over the budding telco industry was unshackled by the telecoms deregulation law – RA 7925 – only for this law to be continuously f r u s t r a t e d b y P L D T ’s damaging adventures like its latest tactics in preventing Bayan, its employees and current customers from realizing the fruits of the Pasig RTC – approve d rehabilitation plan.

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BSP sees lower inflation due to cheaper oil prices BANGKO S ent ra l ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. yesterday said inf lation rate for the month of O c tob e r is e x p e c te d to have weakened due to the easing of price pressures.

Consumer price index during the month could show as low a number as 3.7 percent compared to S eptemb er’s 4.4 p ercent rate. Or, said Tetangco, it could go up to 4.6 p ercent but not as high as August’s p eak of 4.9 p ercent.

“We expect inflation to continue slowing down in October (and our) latest ass essment of inf lat ion pressures indicates sustained easing, averaging between 3.7 percent and 4.6 percent,” commented Tetangco. “ The significant drop in oil prices, lower prices of b oth well-milled and regular-milled rice as well as me at and veget ables are expected to support a more modest inflation in October,” added Tetangco.

The BSP chief also emphasized that the supply conditions of key food items have improved d u e t o h i g h e r i mp o r t s and relatively favorable weather conditions of late.

“We als o exp ec t that t h e pre v i ou s m on e t ar y ac tions by the BSP will continue to anchor inf lation expectations and maint ain favorable money supply conditions.

Both credit and domestic liquidity growth are anticipated to keep decelerating (as a result of higher flowback of money supply to the monetar y authorities) following the increase in the required bank r e s e r v e s , t h e S DA a n d p olic y rates,” explained Tetangco.

Last Thursday, during the BSP’s second-to-thel ast p olic y me et ing for t he ye ar, t he Monet ar y B oard has noted that inflation risks have b e c om e m ore “ bro a d l y b a l anc e d” a s oi l pr i c e s become less worr ying while pending utility rates adjustments and p ower supply shor tages remain probable sources of price pressures.

For 2014, the BSP lowered its inflation forecasts from 4.5 p e r c e nt t o 4 . 4 p e r c e nt and for next year, at 3.7 p ercent f rom a pre vious 3.8 percent estimate.

For 2016, the central bank s ees inf lation will ave r age at 2 . 8 p e rc e nt ,

l owe r c omp are d to t he l a st ke y r ate s’ m e e t i ng estimate of three percent.

“We remain confident that inf lation will be within the target of three p ercent to f ive p ercent this year and two percent to four p ercent in 2015

DOLE...

Prices...

assessed for two years until and unless provoked with reasonable expense.

Together with the Regional Labor Laws Compliance Officers (LLCO), Attheneus Vasallo, Chief of the DOLE-X Te ch n i c a l Supp or t and Services Division, led the table joint-assessment along with the establishments who has been invited by the LLCO for compliance.

Some 50 establishments participated the JA and pledged to comply all the enumerated violations in each assessment. They were given ample time to correct those violations and was given formats to policies their establishment must implement. (Reyna L. Tagailo/ DOLE-Bukidnon)

and prime goods for proper guidance in their purchases.

The list of SRPs informs the consumers whether the goods are reasonably-priced and not above the acceptable profit margin. It is likewise a guide for retailers to sell within these prices and to prevent them to have unreasonable price increases, Paclipan explained.

Further, the SRPs are provided by manufacturers to set retail prices of products.

A manufacturer’s SRPs include the costs of production, packaging, marketing and distribution. It serves as the widely published price of a product and a reference price guide for distributors and retailers in the market, Paclipan added.

The SRP is the maximum

price at which any basic necessity or prime commodity may be sold. It is different from price ceiling, which is usually imposed when the President of the Philippines declares a price control in an area under a state of calamity.

SRPs are developed thru close coordination among the implementing offices and industry sectors to ensure that there is proper notification and consultation prior to any adjustments in SRPS so as not to deny the businesses of their right to fair return of investments, simultaneously to prevent unjust price hikes on basic goods.

We from DTI receive quarterly submissions of SRPs from them to the Department a month before the implementation to analyze the causes on the submitted price changes and checks if

from page 2

from page 2

a n d 2 0 1 6 ,” Te t a n g c o reiterated yesterday.

The BSP did not change ke y overnig ht rates last Oc tob er 23, howe ver in recent months, it has twe a ke d t he pr ice t he y charge on SDA, increased reser ve requirements for

banks and raised interest rates by 50 basis p oints.

The most ag g ressive stance the Monetar y Board has taken was during its S eptember 11 p olic y meeting when it increased the rate of SDA, overnight borrowing and

lending rates at the same time.

The next and last ke y rates meeting is on December 11. Private economists and market watchers predict the BSP w i l l not move f rom its current p olic y stance.

Vice Governor Joey G. Pelaez, together with Provincial Board Members Nancy Madjos, Mercy Grace Acain, Boris Olivier Actub, Heckert Emano and Mario Emano joined the Provincial Governor during the start of the 1st Governor Bambi Emano Cup in Barangay Tawan-tawan, Initao, Misamis Oriental.

these prices are appropriate, said Paclipan. If the price changes are justified, the DTI announces and publishes in newspapers or posters and posts on its website.

Shares... from page 5

BPI Capital Corp. was mandated to be the transaction’s underwriter.

Last month, Del Monte said it booked a total comprehensive loss of $21.9 million in its first quarter to July mainly due to financing costs incurred in acquiring Del Monte Foods, Inc. in February for $1.68 billion.

Its wholly owned subsidiaries are Del Monte Pacific Resources Ltd., DMPL India Pte. Ltd., DMPL Management Services Pte. Ltd., and S&W Fine Foods International Ltd.

Earnings... from page 5

caused by the Manila port congestion, aggravated by the delivery trucks shortage due to the “poorly-timed” implementation of rules on f r an ch i s e d t r u ck i ng ser vices.

RFM said the problem is easing because of the g o v e r n m e nt’s r e m e d i a l efforts, but it continues to have an adverse impact on the industr y.

“There is still congestion and supply chain slowdowns that affect the entire industry, especially for deliveries of needed raw materials and packaging requirements, as well as deliveries of finished products to customers and distributors,” Concepcion said.

Despite operational issues, RFM implemented measures to improve supply and distribution system and manage operating expenses to increase revenue and profit growth in the three-month period, the company said. C ost of certain critical inputs was also lower during the quarter compared to previous periods.

“We also saw doubledigit growth in our major consumer brands like Selecta in ice cream and milk, and Royal and Fiesta pasta, and we shall continue to prioritize our efforts in these categories. We expect even better numbers as we go to the last quarter of the year, with the usual surge in demand during t h e C h r i s t m a s s e a s on ,” Concepcion said.

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Bangsa... from page 1

gains of the Comprehensive Agreement on the Bangsamoro (CAB) between the GPH and the MILF, it aims to build the foundations of a “just economy” that will strengthen institutions; promote greater access to social services, jobs and livelihood opportunities; and foster citizen security, justice and rule of law in the Bangsamoro and its adjacent regions,” the primer read.

Dr. Saffrullah Dipatuan, BDA chair, said the BDP is designed as a plan “by the Bangsamoro, for the Bangsamoro.”

“It is a means by which the Bangsamoro’s dreams and right to self-determination as a people will be finally realized,” said Dipatuan.

Valuable tool Presidential Adviser on the Peace Process (OPAPP) Secretary Teresita QuintosDeles described the BDP as valuable tool as it is a key component in bringing peace and progress in the Bangsamoro.

“Enough times has it been said, that we cannot have peace without development and we cannot have development without peace,” Deles said before the crowd that gathered in a dimly-lit hall.

“B ot h are ne cess ar y components in ensuring better lives for our people.

Peace and development have to be hand in hand. Perhaps in the same way that we in the national government and you the MILF also have to closely work together in the Bangsamoro,” the Secretary

noted.

Deles added that the BDP is important because it gathers the collective hopes and aspirations of Bangsamoro people, government leaders, partners in the business and private sectors and CSOs into a concrete plan. “It is a vision of the Bangsamoro, by the Bangsamoro, for the Bangsamoro.”

MILF chair Al Hadj Murad Ebrahim said the BDP’s overall goal is to support these peace achievements by laying the foundation of a just, peaceful and prosperous Bangsamoro society.

“The responsibility of producing a plan that would guarantee the transformation of the deplorable conditions of our grassroots communities to a life with dignity is not an easy task,” Ebrahim said in his acceptance speech.

The MILF chief further said that the BDP envisions to provide the groundwork for a “just economy.”

Matt Stephens, officerin-charge of the World Bank in the Philippines, said the formulation of the BDP is a bold move on the part of the MILF. “I think through this process, we’ve seen that investment bearing fruit.

Because when you started developing the BDP, it b e g an to rel at i onsh ip s of trust, relationships of mutual understanding with the government and with the development partners.”

(MindaNews)

Earn ... from page 1

That rebid process for Unified Leyte Bulk, according

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region Branch 23 Cagayan de Oro City IN THE MATTER OF THE CORRECTION SPEC. PROC. NO. 2014-097 OF ENTRIES IN THE MARRIAGE CONTRACT, XU JIAN SHENG, a.k.a “JOHN T. SUTER” AND ESTHER T. SUTER Petitioners, -VERSUSTHE LOCAL CIVIL REGISTRAR OF CAGAYAN DE ORO CITY

Respondent, X--------------------------------------------------/ ORDER

Filed before this Court is a verified petition for correction of entries in the marriage contract of Xu Jian Sheng a.k.a John T. Suter and Esther T. Suter filed personally.

IT IS HEREBY ORDERED that said Petition be set for Initial Hearing on December 2, 2014 at 8:30 o’clock in the morning at the Session Hall of this Court, on which date, time and place, all persons who may have any opposition to the petition herein sought, may appear to show cause why said petition should not be granted.

Let this Order be published, at the expense of petitioner, in a newspaper of general circulation in Cagayan de Oro City and in the Province of Misamis Oriental once a week for three (3) consecutive weeks prior to the date of hearing.

Let copies of this Order, with petition attached, be posted by the Deputy Sheriff of this Branch, at the Bulletin Board of the Office of the Civil Registrar, Cagayan de Oro City, the Bulletin Board of City Hall of Cagayan de Oro City, and this Court, for at least ten (10) days prior to the prior to the date of hearing of the Petition.

Petitioner is further ordered to furnish copies of this Order to the Office of the Solicitor General, the Office of Local Civil Registrar, Cagayan de Oro City, and the Office of the City Prosecutor.

The applicant shall at the hearing submit proof of posting and service of the copy of the Petition and Order as directed by the Court.

SO ORDERED.

Cagayan de Oro City, Philippines, October 28, 2014.

BWM: Nov. 5, 12 & 19, 2014

(Sgd.) VINCENT F. B. ROSALES Presiding Judge

to Ledesma, will be first quarter next year. It was first auctioned last year but due to circumstances from supertyphoon Yolanda affecting the plant, the winning bidder then opted out.

By mid-2015, PSALM is eyeing an IPPA for the supply contract of the 210-MW Mindanao coal power plant, while on the third quarter, the target will be the 150MW Casecnan hydropower facility.

L e d e s m a , h o w e v e r, admitted that for Casecnan “we are still fixing legal issues on ownership…but personally for me, we are targeting that third quarter of next year.”

The last in the company’s list would be the AgusPulangui hydropower plants.

For the early part of 2016, the government’s divestment program will focus on the 728-MW Caliraya-BotocanKa l ayaan (CBK) hydro facilities.

The divestment of the Agus plant though will highly depend on what both the executive and legislative branches of government will eventually set as a policy direction.

Flights... from page 1

In line with policies of the International Civil Aviation Organization (ICAO) and the Civil Aviation Authority of the Philippines (CAAP), Philippine of f icials are conducting a joint inspection from November 4 to 6 for safety purposes to rule out system defects before the night landing equipment is put to use.

CAAP will then prepare the standard guidelines for arrival and departure procedures for the airlines.

After this, the agency and the airlines will organize flight schedules to ensure orderly op erations and to prevent air traffic and terminal congestion. This will kickstart night landing operations at the airport.

“Night flights mean more flights and more options for passengers. As the gateway to Northern Mindanao, this development will spur greater economic activity to the bustling business and tourist destinations in Cagayan de Oro, Bukidnon, Iligan, and neighboring areas,” Abaya said.

T h e m o d e r n Laguindingan Airport was opened in June last year as a replacement to the older Lumbia Airport. While d e te r m i ne d by e x p e r t s to be safer than Lumbia despite operating only under visual flight rules until now, Laguindingan however has limited passenger capacity.

As early as 2012, Lumbia was already ser ving an annual traffic of at least 1.6 million passengers, which is Laguindingan’s annual capacity. This issue is largely because the airport was meant to be completed way back in 2006, but was not fully executed until last year when passenger volume had boomed. According to latest studies, the airport is projected to have 2.58 million passengers by 2017.

“Due to years of delay, Laguindingan was already at capacity by the time we opened it last year. To spare future administrations

Republic of the Philippines SUPREME COURT REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF

from similar issues, we are incor p orat ing an inf ra expansion component into the operations contract that we will bid out in December,” Abaya said.

This contract is a 30- to 35-year enhanced operations and maintenance (O&M) concession, scheduled for award within the third quarter of 2015. It is meant to satisfy the projected increase in passengers for the next three decades, as well as to maintain the airport’s

7

facilities and services at international standards.

The enhanced O&M’s infrastructure or civil works component will entail the development and expansion of the cargo terminal building and the runway, and the construction of a new passenger terminal building.

The project will cost P14.6 million, and will be done in three phases beginning in mid-2016.-InterAksyon

REPUBLIC OF THE PHILIPPINES 10TH Judicial Region REGIONAL TRIAL COURT Branch 19 Cagayan de Oro City CELESTE J. DACER FC CIVIL CASE NO. 2014-038 Plainteff,

-versus- FOR : DECLARATION OF

NULLITY OF MARRIAGE JONATHAN C. BITCO, Defendant.

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

ORDER (SUMMONS BY PUBLICATION) This is a Petition for Declaration of Nullity of Marriage on the ground of Psychological Incapacity under Article 36 of the Family Code filed by Plaintiff, Celeste J. Dacer against Defendant, Jonathan C. Bitco.

Upon leave of court and in pursuance with the Order of October 20, 2014 ordering service of summons by publication and in consonance with Sec. 6, (2) & Sec. 8 of AM No. 02-11-10-SC, Summons is hereby given to: JONATHAN C. BITCO Barra, Macabalan, Cagayan de Oro City Or Cebu City The above-named Defendant, Jonathan C. Bitco is directed to file his answer to the herein petition within a period of sixty (60) days from the last issue of the publication, failing which, trial will proceed for the relief asked for in the petition.

IT IS SO ORDERED.

Done this 20th day of October, 2014 at Cagayan de Oro City.

(Sgd.) EVELYN GAMOTIN NERY Judge BWM: Nov. 5, 12 & 19, 2014

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 EJF File No. 2014-265

NOTICE OF EXTRA-JUDICIAL SALE File No. 198

Upon Extra-Judicial Petition for Sale under Act 3135 amended, filed by JEE FINANCE CORPORATION, a corporation duly organized and existing under Philippine Laws with principal place of business at M.L. Quezon, National Highway, Pusok, Lapu-lapu City, Cebu, against JAYNIFER R. DEMECILLO, of legal age, widow, Filipino and a resident of Lot 17, Block 30, No. 128 Gemini Street, Villa Ernesto Subdivision, Phase 1, Gusa, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of November 20, 2013 amounts to TWO MILLION THREE THOUSAND THREE HUNDRED THIRTY SEVEN PESOS & 62/100 (P 2,003,337.62) Philippine Currency , as mortgagor’s principal indebtedness, inclusive of interest and penalty charges, attorney’s fee equivalent to 15% of the total indebtedness, plus other necessary fees and expenses of Extra-Judicial Foreclosure and Sale, the undersigned Sheriff-in-charge will SELL at Public Auction on November 17, 2014 from 10:00 o’clock in the morning until 4:00 ‘clock in the afternoon, at the Court Room of Regional Trial Court, Branch 39, 2nd Floor, Hall of Justice Bldg., Arch. S. Hayes Street, Cagayan de Oro City, to the Highest Bidder , for CASH and in Philippine Currency, the real property mortgaged together with all existing and future improvements thereon, to wit:

Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118. filed by CAPITAL and LEVERAGE LENDING COMPANY, INC (C and L) Gingoog City Branch. against SPS. MARIO SUAZO and FALCONERI SUAZO of kibungsod. Magsaysay, Misamis Oriental. to satisfy the Mortgage indebtedness which as of August 28, 2014 have amounted to SIX HUNDRED SEVENTY THREE THOUSAND FIVE HUNDRED TEN (P673,510.00) PESOS including of interest and overdue penalties, and excluding Incidental expenses and Attorneys Fee, 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 12, 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 improvements existing thereon, to wit:

TRANSFER CERTIFICATE OF TITLE NO. T- 207644 Registered in the name of JAYNIFER R. DEMECILLO “ A PARCEL OF LAND (Lot 17, Block 30, of the subdivision plan, (LRC), Psd-82838, being a portion of Lot 2388,Cagayan Cadastre, L.R.C . Cad. Rec. No. 1569). Situated in the Barrio of Gusa, City of Cagayan de Oro , Island of Mindanao. Bounded on x x x. Beginning at x x x, containing an area of Two Hundred Ninety Four (294) Square Meters, more or less.”

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

In case November 17, 2014 will be declared holiday or non working day, the public Auction Sale shall automatically be held on the next working day without further notice, publication and posting.

Cagayan de Oro City, October 10, 2014.

FOR THE EX-OFFICIO PROVINCIAL SHERIFF

By:

(Sgd.) JOSEPH C. MAAGAD

Sheriff IV BWM: Oct. 22, 29 & Nov. 5, 2014

“TRANSFER CERTIFICATE OF TITLE NO. T - 14515” A parcel of land covered under TCT No. T-33505 and all the improvements thereon. (Lot 1480-B-1 Psd-10-038443. Being a portion of Lot 1480 B. psd-10-4317-019014) situated in barrio of Kibungsod. Municipality of Magsaysay. Province of Misamis Oriental . Island of Mindanao. Bounded on the E.S. and W along lines 3-4-1-2 by Lot 1480-B-2, of the subdivision Plan psd-10-038443, on the N. along lines 2-3 by National Highway beginning at the point marked “1” on the Plan being S. 66 deg., 13 E. 3419.84 m. from BLMM No. 1. CAD. 556. Containing an area of THREE HUNDRED FIFTY (350) square Meters more or less. is registered in accordance with the provisions of section 103 of the property registration decree in the name of MARIO SUAZO. Of legal age. Filipino. Married to FALCONERI CULTURA with residence at Kibungsod .Magsaysay. Mis. Or. in the registry of Deeds for the Province of Misamis Oriental.

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 buyers may investigate for themselves the title of the herein described property properties and the encumbrances thereon, if any there be.

Gingoog City, October 13, 2014.

BWM: Oct 22, 29 & Nov 5,2014

FOR THE EX-OFFICIO SHERIFF: BY: (Sgd.) FLORA C. PEREZ Sheriff IV RTC-Branch 43 Gingoog City

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WEDNESDAY | NOVEMBER 5, 2014

VIBE B1

editor: ShAuN AlEjANDRAE YAp uY

SM Seaside City will be the third mall in the Queen City of the South after SM City Cebu in the North Reclamation Area and SM City Consolacion in northern Cebu. It is envisioned to dramatically change the landscape of the city with its nautilus inspired design of expanding, concentric arcs from a central multi-purpose space.

SM Seaside City Cebu Launches Landmark Centerpiece

SM

Seaside City Cebu recently opened The Cube, the landmark centerpiece of the world- class mall, which set to open on October 2015 at the South Road Properties in Cebu City.

The Cube is the second landmark to open in the muchanticipated mall after the Chapel of San Pedro Calungsod,

which was launched just in time for Thanksgiving Mass following the canonization of the Visayan saint.

The first of its kind urban development at the SRP, SM Seaside City Cebu is envisioned to dramatically change the landscape of the city with its nautilus inspired design of expanding, concentric arcs from a central multi-purpose space.

A steel 21 -meter by 21 meter sculptural and landmark centerpiece of SM Seaside Cebu, the Cube is a symbol of strength and stability. It is a tribute to the resilience of the Cebuanos in particular and the Filipino people in general.

Located on a 304,544 square-meter site fronting the Cebu Channel, SM Seaside City Cebu is very much like the SM Mall of Asia, which has Manila Bay and its glorious sunset as a picturesque backdrop.

And The Cube is envisioned to be an iconic landmark to the mall in the same way the Globe has been to the SM Mall of Asia.

A steel 21 -meter by 21 meter

sculptural piece, the Cube is a symbol of strength and stability.

It is a tribute to the resilience of the Cebuanos in particular and the Filipino people in general.

Viewed from any angle and perspective, The Cube consistently appears the same.

SEASIDE | Page B2

Cebu City Mayor Michael Rama (center) was the guest of honor during the ribbon cutting ceremony of The Cube at SM Seaside Cebu. He is shown with (from left) South Road Properties Manager Roberto Varquez, SM Prime Holdings, Inc. executive vice president and chief finance officer Jeffrey Lim, Chapel of San Pedro Calungsod rector Msgr. Vicente Tupas, and SCMC president Annie Garcia.

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Feature

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‘KATSUHOLIC WEDNESDAYS’:

A Big Bite Off the Price!

et

50% OFF EVERY WEDNESDAY THIS NOVEMBER AT TONKATSU BY TERAZAWA

d

n na

e hir

s tsu

ka

aw

pr enjoy delightful katsu creations served in filling portions. All katsu sets come with unlimited rice, finely shredded cabbage (refillable upon request) and miso soup.

For the first Wednesday of November, Tonkatsu will be featuring its 160g Rosu katsu set, for November 12 the spotlight is on the Prawn & Hire set, on November 19

Calling all Katsuholics!

Tonkatsu by Terazawa knows that nothing can come between you and your unparalleled fondness for pork.

Thus, it is treating you to a 50% discount off their Katsu sets every Wednesday this November.

Because a different Katsu set is offered every Wednesday, katsuholics can

atsu

k hire

SEASIDE from Page B1...

This consistency reflects the philosophy of the SM group to bring to its customers the same high level of quality service in all areas it operates.

Interestingly, the letters of the word Cube when re-arranged, form the word Cebu.

Cebu City Mayor Michael Rama was the guest of honor during the landmark’s launch.

SM Prime Holdings EVP and

GlOBE from Page B4...

Capili is the 2001 Pamana ng Lahi Awardee in the U.S.; won the 2008 Gold Pacific Asia Tourism (PATA) awards and conferred the Ani ng Dangal Presidential award in 2009.

Of photographers, George Tapan stands out with his stunning images of destinations around the world and in the Philippines. His photos showcasing the beauty of popular sites from Palawan to Banaue have appeared in the Department of Tourism’s recent campaigns.

Tapan's work has won two Gold Pacific Asia Tourism (PATA) awards, an ASEAN Tourism Association award, and first place 2011 National Geographic Photo Contest.

Designer, journalist and TV host Robert Alejandro takes multitalented to a whole new level. The public has encountered Alejandro’s talent in one way or another may it be through consuming a tub of ice cream or while shopping at a popular retail store. As a designer, he has a solid portfolio that encompasses product, packaging, interior design, and architecture. He also photographs,

the Hire Curry set and on the last Wednesday of the month, November 26 they’re offering the Hire 160g set. To avail of this, simple go to their facebook: www.facebook. com/TonkatsuByTerazawa or instagram: @tonkatsuph, present the featured Wednesday dish at any Tonkatsu by Terazawa store.

Tonkatsu By Terazawa

urry

hire c

boasts of the mammoth flavors in every bite of their katsu. A dish famous in Japan, Filipinos love to sink their teeth into the traditionally cooked and prepared—aging the meat before it is coated with “nama panko” fresh bread crumbs and deep fried to perfection to produce the most tender, moist and succulent tonkatsu.

Dip every luscious cutlet

rosu katsu

piece into the house blended tart brown sauce and a pinch of Japanese salt and enjoy it with a good amount of shredded cabbage.

Experience “Katsuholic Wednesdays” in all Tonkatsu

By Terazawa branches located in Greenbelt 2, Makati; Lucky Chinatown Mall, Binondo, Manila; Nuvali Laguna, Ayala Center Cebu, Centrio Mall Cagayan de Oro. Bistro Group also introduced TGIFriday’s and Italianni’s in Cagayan de Oro. Bistro also brought brands such as Village Tavern, Bulgogi Brothers, Fish and Co., Watami Japanese Casual Restaurant, Modern Shanghai, and other homegrown concepts such as Siklab and Krazy Garlik to the Philippines.

CFO Jeffrey Lim, SM Supermalls President Annie Garcia and SM Prime Vice President Marissa Fernan joined him along with the mall’s future tenants. Msgr.

Vicente Tupas, Jr., rector of the Chapel of San Pedro Calungsod, officiated the blessing of The Cube.

Mayor Michael Rama expressed his appreciation to SM for launching of Cebu City’s the newest landmark, which coincidentally coincided with his birthday.

SM Prime Holdings EVP and

CFO Jeffrey Lim, meanwhile said that the SM Group remains confident in the potentials of Cebu City with its “dynamic population and flourishing business landscape”.

He added that, “The launching of The Cube is just the start of many exciting features coming to SM Seaside City Cebu. The public will now begin to experience the unfolding of a whole new Cebuano lifestyle that will transform the way people live, work and play in this community”, SM Seaside City will be the

third mall in the Queen City of the South after SM City Cebu in the North Reclamation Area and SM City Consolacion in northern Cebu. When open, the mall will have over 800 food and retail shops, including international brands. It will also have furniture zone and a fashion boulevard to showcase the talent of Cebu’s many local designers.

The 460,791 square meter mall will have multiple anchors, including a two storey The SM Store and SM Hypermarket, a four-theater Cinema, 2 theater

Director’s Club, Centerstage, a large format Cinema, and 16-lane SM Bowling and Amusement Center, a Food Court, an Ice Skating Rink, and a Roof Garden.

With SM Seaside City Cebu’s landmark centerpiece leading the way, visitors can now take photos with The Cube as perfect background for pictorials such as weddings, debuts, and photo shoots, among others.

The Cube is open daily. For mall developments, like SM Seaside City Cebu (Official) on Facebook.

paints, sketches, and does just about everything. His capacity to tread along multiple disciplines of art and design can be seen from his works for notable brands in the commercial space.

Considered Ross Capili's protégé, Rick Hernandez broke into the scene as a graphic artist for the former’s company. Under Capili, Hernandez was able to work with the county’s top artists including Bencab, Ramon Orlina, and Nap Jamir, among others.

Hernandez shared that working with them inspired him to go beyond graphic design and pick up a brush and paint. With Capili’s mentoring, Hernandez evolved his art which garnered numerous awards in various forms of media and represented the Philippines in exhibits outside of the country.

Artist, designer, and singer Feanne epitomizes passion and purpose. Feanne believes in contributing to the environment, community, and the society and this is often expressed in everything she does, from drawing to painting, graphic design to jewelry design, and signing to songwriting. Feanne enjoys working on projects that focus on sustainability and social responsibility and is passionate about Filipino products, healthy

food, fair trade, responsible technology, and social justice.

Initially interested in becoming an Engineer, Jonathan Benitez left his course to pursue his passion for art after completing his first solo exhibit. The Puerto Princesa native is pure talent and resourcefulness, known for taking everyday objects and incorporating them in his creations to make up for lack of available materials. Benitez also takes topics such as economic turmoil, poverty, corruption, globalization, natural calamities, and environmental issues as inspiration for his work.

Truly a must see is the up and coming Rem San Pedro. While the youngest on the list, Rem San Pedro is hardly an amateur. He has participated in many exhibits since 2007 when he created a mural for Chinese artifacts at the Metropolitan Museum in Manila.

His recent exhibits included Promised Land – a five-man show held at Galerie One Workshop.

This year, San Pedro together with Hernandez will be part of the country’s delegation at the Langkawi Art Biennale 2014 in Malaysia.

Globe Telecom collaborates with these artists by allowing them to take part in their biggest retail

transformation yet. Globe has commissioned these artists to turn a number of their stores into live art galleries that showcase murals exhibiting the vision the brand has for its upcoming “Generation 3” stores. Its stores in SM North EDSA and Limketkai Mall are currently being renovated in time for the unveiling of its “Generation 3” stores that promise a unique retail experience for its customers.

Artworks have replaced the usual store board ups which continue to evolve with participating artists adding and drawing on the canvas each week.

For weeks now, local artists have treated Globe customers, retail onlookers to live art performances at their stores in SM North EDSA in Manila and Limketkai Mall in Cagayan De Oro. Art enthusiasts and followers on social media have been able to keep tabs through #Gen3nextACT on Twitter and photos uploaded on Facebook since the art event began last September 25.

Other artists that have taken part in the live art performances and contributed images included Buds Convocar, Franklin Caña Valencia, Celso Pepito, Joel Ferraris, Joe Datuin, Oscar Floreindo, Kurt Kamka, Paul Muchi Lao, Joan

Honoridez, Simkin De Pio, Frances Abrigo, Jik Villanueva, Franklin Valencia, Merlito Gepte, Michelle Hollanes Lua and Errol Balcos.

The new Generation 3 stores are designed by Tim Kobe, founder and CEO of Eight, Inc., and the mind behind the iconic Apple store in New York. On the future Globe Stores, Kobe says, “Globe is transforming the customer experience in the Philippines and it will send shock waves far beyond.” The Generation 3 stores will house interactive lifestyle pillars, featuring a plethora of products within interactive displays that make it more relevant for customers. The installations are designed to be reconfigurable, keeping the environment engaging and interesting—giving reasons for customers to keep coming back to the store.

To participate in the #GEN3NextACT follow us on Twitter or get updates on https:// www.facebook.com/groups/ Gen3nextACT. To know about other Globe stores in your area visit http://www. globe.com.ph/store-locator or call 730-1000 for more details.

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

Int’l exhibit showcases multisectoral efforts to conserve PHl biodiversity The Biodiversity Partnerships Project (BPP), a multi-sectoral effort that aims to bring people together to conserve the country’s rich biodiversity, has recently been featured in an international exhibition during the 12th meeting of the Conference of Parties to the United Nations’ Convention on Biological Diversity (UNCBD) or COP 12 held in South Korea.

The exhibit – which showcased the biodiversity conservation initiatives of close to a hundred participants from national and local government, international groups, nongovernment organizations (NGOs), academic institutions and private sector of different countries – was displayed at the Alpensia Convention Center in Pyeongchang County, Gangwon Province, from October 6 to 17.

BPP’s efforts in mainstreaming biodiversity in the local land use, and development planning and biodiversity-friendly enterprises were highlighted at the show.

BPP is a six-year program being implemented by the Biodiversity Management Bureau (BMB), an attached agency of the Department of Environment and Natural Resources, with funding from the Global Environment Facility (GEF), through the United Nations Development Program (UNDP). The project works with national government agencies, NGOs and local government units (LGUs) in eight demonstration sites in critical eco-regions in the country.

BMB Director Theresa Mundita Lim said the BPP’s participation was in line with the conference theme, “Biodiversity for Sustainable Development.”

“We deemed this a timely and relevant opportunity for BPP and the bureau’s undertakings and accomplishments on partnerships for landscape-level biodiversity management towards sustainable conservation to be underlined and shared to other countries,”

Lim said.

The exhibit presented the country’s experience and innovations in promoting sustainable biodiversity conservation to support the national goal of inclusive socio-economic growth as demonstrated in eight key biodiversity areas (KBAs), namely: Northeast Cagayan KBA; Quirino Protected Landscape; Mt. Siburan KBA in Sablayan, Occidental Mindoro; Malampaya Sound Protected Landscape and Seascape in Palawan; Central Panay Mountains KBA in the provinces of Iloilo, Antique, Capiz and Aklan; Northern Negros Natural Park in Negros Occidental; Lake Mainit KBA in Surigao del Norte and Agusan del Norte; and Mt. Hamiguitan Range Wildlife Sanctuary in Davao Oriental.

The exhibit also highlighted the BPP’s experience and good practices in pioneering the process of mainstreaming biodiversity concerns into the land use plans and development agenda of local government units (LGUs).

In collaboration with the Housing and Land Use Regulatory Board (HLURB) and the Department of the Interior and Local Government (DILG), the BPP provides assistance to LGUs in integrating biodiversity in their respective Comprehensive Land Use Plans and Comprehensive Development Plans.

During the exhibit, a symbolic “Pledge for Biodiversity” was put up in the BPP booth, where visitors are encouraged to sign up to commit themselves to a future for the conservation of biological diversity. Among those who signed up and visited the booth were no less than UNCBD Executive Director Braulio de Souza Dias, and South Korean Environment Minister and concurrent COP 12 president Yoon Seong-kyu.

(AKG/RJB-PIA-NCR/DENR)

EnvironmEnt

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WEDNESDAY | NOVEMBER 5, 2014

B3

Environmental governance key to Palawan’s ‘best island’ title Palawan’s latest title of “best island in the world” is but a fruit of a strong environmental governance that is worthy of emulation, Environment S ecretar y Ramon J.P. Paje said.

Paje in a statement said that the island province, dubbed the “Philippines’ last ecological frontier,” is fast becoming the benchmark for environmental best practices and sustainable tourism development in the country.

He described the citation from the world’s premier travel magazine, Condé Nast, as “resounding testament” to Palawan’s successful environmental governance, which includes not only the local government but also the business sector, the civil

society and the community.

Environmental governance is a concept in political ecology and environmental p olic y that advocates sustainable development as the supreme consideration for managing all human activities—political, social and economic. Under this concept, the management of the environment is a shared responsibility among the stakeholders. “ The Palawan model is a sterling example that protecting the country’s biodiversity and natural wonders are key elements of effective local governance,” Paje said.

Paje said that Palawan’s strength as a unit of local governance “resides in the

alliances forged between the local government and the people to develop a system of best practices that they can undertake within their jurisdictions without harming nature.” “ B e h i n d P a l a w a n’s wonders are its main actors -its citizens. This recognition bears testimony to the level of environmental maturity and leadership displayed by its people and local executives.

They are truly deserving of our commendation” Paje said.

The environment chief said other local governments in the country could draw inspiration from Palawan, which he described as a “living laboratory of sustainability.”

Being named as the world’s

best island, Palawan edged some of the most popular international destinations like the Great Barrier Reef, and the Kangaroo and Whitsunday Islands in Australia; Maui, Kauai and Big Islands in Hawaii; and Santorini and Cyclades in Greece.

The main tourism activities in the island province are primarily centered on its splendid natural resource.

Palawan is home to many important ecological sites, including El Nido, Coron Islands Cave, worldrenowned Tubbataha Reef and the Puerto Princesa Subterranean River Natural Park, which has been named as one of the Seven Wonders of Nature. (DENR)

Bonifacio Casag lights a candle for his family who perished during Typhoon Pablo on December 4, 2014 in this photo taken on November 1, 2014 at Barangay Andap, New Bataan, Compostela Valley. mindanews photo by toto lozano

Commercial fishing operators allowed to operate within Bangsamoro waters GENERAL SANTOS CITY -- Commercial fishing vessels will be allowed to operate within the proposed Bangsamoro waters, subject to regulations of the future Bangsamoro regional government and respective local governments.

Office of the Presidential Adviser on the Peace Process (OPAPP) Undersecretary Jose Lorena explained that the proposed Bangsamoro Basic Law, filed as House Bill 4994 in the House of Representatives, provides for Bangsamoro Waters that shall extend up to 22.224 kilometers (12 nautical miles) from the low-water mark of the coasts that are part of the proposed Bangsamoro region. This means that municipal waters, which extend up to 15 kilometers from the coasts, plus an additional of 7.224 kilometres comprise the Bangsamoro Waters.

These waters, being part of the territorial waters of the Philippines, remain to be a resource for all Filipinos, with preferential rights given to the Bangsamoro people, other indigenous peoples in adjoining provinces and resident fishers in the Bangsamoro area over fishery, aquamarine, and other living resources in the Zones of Joint Cooperation as provided for in the Constitution.

Lorena issued the clarification in response to concerns of tuna fishing operators in this city, dubbed as the countr y’s tuna capital, on whether they would be allowed to fish within the additional seven kilometers of the Bangsamoro Waters. They asked about regulatory procedures that would have to be followed if the Bangsamoro Basic Law will be enacted. Similar questions were earlier raised by sardine operators in the Zamboanga Peninsula region.

According to Lorena, fishing groups will simply have to secure an operating permit from the Bangsamoro region on top of other requirements, just like they would do to comply with similar regulations.

Lorena said the measure is meant to create a “buffer area” to ensure that no conflict would arise between big commercial fishing operators and local fishermen.

“This is a balance to protect all fishermen and to give them equal opportunity to earn their keep, whether they are commercial or sustenance fishermen. This is not a unilateral decision. This is a product of negotiations,” he told stakeholders during a public hearing of the Ad Hoc Committee on the BBL held here recently.

A joint body for the zones of joint cooperation Commissioner Raissa Jajurie of the Bangsamoro Transition Commission–a body that was mandated by President Benigno S. Aquino III to draft the B angsamoro bill–said that a joint body composed of national agencies, the Bangsamoro government, and the private sector, will be created to ensure coordination of various government bodies within the zones of joint cooperation.

“There is a paragraph that says the joint body may also invite private sector representatives when necessary,” she said.

According to her, the rationale behind creating such Bangsamoro waters is to recognize the valid historical claim of the Bangsamoro people.

“Kung titingnan mo kung saan iyong native inhabitants ng Bangsamoro, it could not only refer to land. Alam natin ang mga Sama, mga Badjao, traditionally ay diyan nakatira sa mga dagat. But right now, wala na sila halos sa tubig. Lahat sila inakyat na natin. This is to recognize that the Bangsamoro waters are historical claim of coastal Bangsamoro population, (If you look at where native inhabitants of the Bangsamoro used to live, they were

not confined to land areas. We know the tribes belonging to Samas and Badjaos have traditionally lived in ocean villages. But right now, only very few of them remain there. The creation of Bangsamoro waters recognize the historical claim of coastal Bangsamoro populations),” she said.

Lorena said there has been a lack of conservation efforts in Bangsamorodominated coastal areas, so fishing activities have not been sustainable and local fishing areas have suffered from overfishing.

“I would like to cite an example. There used to be a progressive boat-making industry in my hometown. Our people were traditional fishers. But the catch has dwindled where large shipping vehicles have encroached on the fishing areas of Simunul and Sibutu, resulting in the death of the boat-making industry in those towns," he said.

“So I think there should be a balance.

I know our big fishers are also conscious of their social responsibility to help and protect their brothers, the sustenance fishers. So there should be buffer zones that will help protect the source of livelihood of sustenance fishers," Lorena added.

(OPAPP)

BusinessWeek MINDANAO

www.businessweekmindanao.com

WEDNESDAY | NOVEMBER 5, 2014

editor: ShAuN AlEjANDRAE YAp uY

Atty. jose “jojo” D. leviste, III - president, ITpI

Italpinas President is finalist in this year’s Asia CEO Awards

T

he prestigious Asia CEO Awards has presented the shortlist of finalists for the 2014 awards, and the main event is set on November 12, 2014, Wednesday, at the Grand Ballroom of Solaire Resort and Casino in Manila.

With the theme “Emerging Asia”, business leaders from several industries in the Philippines were carefully selected, highlighting the country’s shining examples of good leadership.

The awards recognize extraordinary leaders who have demonstrated outstanding achievement for their organizations and contributions to others.

This year, Primavera Residences’ developer, Italpinas Euroasian

Design and Ecodevelopment Corporation (ITPI)’s President Atty.

Jose “Jojo” D. Leviste, III, is one of the finalists in the 5th Asia CEO Awards in the category of SPi Global Young Leader of the Year.

Pioneering sustainable real estate developments in the Philippines, Atty.

Jojo is passionate about environmental design and urban planning.

Aside from being ITPI’s president, he also serves as the President of Constellation Energy Corporation, ITPI’s sister company that is engaged in the business of renewable energy, including geothermal, hydro and wind.

“We want to be thought leaders. At first at the level of our projects, but in the longer term I would

like our ways of thinking (in relation to design, efficiency and quality of life) to spill over and influence what Filipinos should come to expect of our living environments in a wider sense,” Leviste expressed.

Making a difference Atty. Jojo Leviste is known for his passion in helping the country become a more sustainable, progressive nation through his extensive knowledge and application of the best practices in renewable energy and environmentally sound projects. The companies he lead – ITPI and Constellation – are built upon the philosophy of making a difference in property development in terms of sustainability

VIBE B4

and environmental impact.

ITPI’s premier project in Cagayan de Oro – Primavera Residences, a green, mixed-use development – was built to serve the city’s increasing demand for affordable housing with sustainability in mind.

It was awarded this year as the Best MixedUse Development in the Philippines by the Asia Pacific Property Awards.

“I envision a future where man and nature work in harmony, I believe, together with my business partner, that ITPI is shaping the region to become a healthier, sustainable place to live in,” Leviste said.

The Asia CEO Awards 2014 and title sponsor, PLDT Alpha Enterprise, have 10 categories

including two new award categories: Hospitality Award and First Carbon Solutions Green Company of the Year. The other categories are: Oracle Technology Company of the Year; CSR Company of the Year; SPi Global Young Leader of the Year; SHORE Solutions Most Innovative Company; NEC Quality Company; Jones Lang LaSalle Expatriate Executive of the Year; Smart Communications Global Filipino Executive; Meralco Top Employer Organization; and the KPMG Executive Leadership Team.

To know more about Italpinas and its multi-awarded project, Primavera Residences, visit www. primaveraresidences. com or call 088-8805002.

Globe celebrates art revolution with renovation of new GEN 3 stores

G

lobe Telecom sets the bar high for store design and retail experience in the Philippines and in the world as it soon unveils the new Generation 3 Stores.

These reimagine the digital lifestyles of Filipinos

Filipino artists top bill live art demos showcasing an exciting retail customer experience

by focusing on the passions that matter most to them.

To symbolize this lifestylestore revolution, Globe is holding live painting to celebrate art and creativity.

In the midst of this are seven of many local artists to watch. Here are why you

should see their works at Globe Telecom’s Manila and Cagayan de Oro stores: Leading the pack is Ross Capili, a seasoned artist who has worked with various media and evolving techniques over the decades. The multi-

awarded artist is famed for mounting over 30 one-man art exhibits in Manila,

Paris, and the U.S., some of which while serving as art director at the advertising

department of a local airline company.

GlOBE | Page B2

Revolutionizing retail experience today. Globe Head for Retail Transformation and Stores Management Joe Caliro (right) with local artist Ross Capili (left) led the live art painting on the wall cover of the upcoming Globe Gen 3 store in North EDSA to signify retail revolution that Filipinos will experience very soon from Globe.