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INSIDE LOOK

‘High production cost hampers local dairy output’ Agri-Business

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Lafarge signs power supply contract with Trans-Asia Coporate World

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Normin’s top schools to square off in 9th Steag Energy Quiz

BPI net income rises 19% as of Q3 Banking & Finance

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Briefly Energy quiz SOME 50 private and public high schools in Northern Mindanao will compete in the 9th Steag Energy Quiz on November 22 at the Limketkai Activity Center, Cagayan de Oro City. According to Steag State Power Inc. Communications Head Jerome R. Soldevilla, the annual activity is considered as one of the most awaited high school competitions in the region where knowledge and understanding of high school students about the science of energy will be put to a competitive test. He added that over the years, Steag has organized the event to promote among high school students a special interest in energy, at the same time inspire them to achieve academic excellence in science and technology.

Pyrotechnics RETAILERS selling at least 50kg firecrackers and 500kg finished pyrotechnics products must submit to fireworks safety training seminar over other requirements in securing a permit. “We can confiscate the items if they can’t show us the original copy of the certificate,” says PSupt. Aaron Mandia, Police Regional Office 10 (PRO-10) Firearms and Explosives chief during the recent Regional Task Force on Illegal Firecrackers meeting. The certificates should bear the signatures of President of the Philippine P yrotechnics Manufac turer s and Dealer s As so c iation In c. (PPMDAI), National Director of the Civil Security Group, chief of the Firearms and Explosives Office and the Explosive Management Division. Photocopied certificates will not be honored, and the same also applies with the transport permits.

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Save Mount Arayat Movement gains ground

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IN-DEPTH

Chinese group wins bid to rehab Agus 4 plant A

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By GRACE BEBER, Reporter

CONSORTIUM between the Chinabased Gua ng x i Hyd roelec t r ic Construction Bureau and Colorado’s ITP Construction Inc. has won the bid to rehabilitate the ailing Agus 4 hydroelectric facility, Mindanao’s main source of hydro power, during an auction held last week, the state-owned Power Sector Assets and Liabilities Management Corp. (PSALM) announced yesterday.

Ain a statement, PSALM Bids and Awards Committee Chairman Manuel Marcos M. Villalon II, said the Guangxi Hydroelectric has submitted the lowest bid of P1.59 billion to uprate the two units of the Agus 4 complex. “Using non-discretionary criteria prescribed under the procurement law, Guangxi Hydroelectric submitted the lowest offer, which can agus/PAGE 23

Agus 4 Complex.

20-MW solar facility set for Zambo ecozone Z A M B OA N G A C I T Y — Enf i nit y Phi lippi nes Technology Services, Inc. has formally proposed to the city government its plan to build next year a 20-megawatt (MW) solar power facility in the economic zone here and Mayor Ma. Isabelle Climaco-Salazar is endorsing the project, an official of the zone said recently.

Christopher Lawrence S. Arnuco, chairman of the Zamboanga City Special Economic Zone and Freeport Authority, said the project is a positive development in the wa ke of negative events like the Zamboanga standoff between forces of government and a renegate Moro rebel group and floods solar/PAGE 23

Davao eyes automating collection to curb corruption By MindaNews

DAVAO City – Computerizing records at the city’s revenuegenerating agencies may be one way to prevent corruption in these offices, an official said. I n a n i nt e r v i e w, Cit y C ou nc i lor Da n i lo

Dayanghirang, chair of the committee on finance said the City Information and Technology Center (CITC) has suggested allotting part of the 2014 budget to the centralization of collection Corruption/PAGE 23

PINEAPPLES. A plantation worker loads fresh pineapples to the conveyor of the harvesting machine at the Davao Agricultural Ventures Corporation (Davco) farm in Calinan, Davao City. Pineapple remains as Mindanao top fruit export. mindanews photo by keith bacongco

Bananas for Russians and Americans? By AURELIO A. PENA, Philippine News Agency

DAVAO City -- You may not have heard of this yet, but Philippine banana exports are expected to hit P74 billion

Mindanao Daily NEWS

when both the United States and Russia start importing fresh Cavendish bananas regularly from this country

sometime next year. The key word here is “regularly” because we still don’t know how the first trial shipment of bananas Bananas/PAGE 23

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

Editor : Cheng Ordoñez , e-mail- cheng.ordonez@gmail.com

Economy

wednesday | november 6, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

SM Prime’s profit up 14% to P8.4 billion Maybank: Malaysia-listed corporates offer attractive opportunities for American investors M A NILA -- Prof it of shopping mall developer SM Prime Holdings, Inc. expanded 14 percent in the first nine months of the year on the back of higher rental revenues. In a statement to the Philippine Stock Exchange (PSE), SM Prime said its

net income reached P8.43 billion from P7.40 billion in the same period last year. Gross revenues also grew 12 percent to P24.77 billion from P22.10 billion. Rental revenues, which accounted for 85 percent of total revenues, rose 12 profit/PAGE 21

K UA L A L U M P U R - Malaysia’s largest banking group, Malayan Banking Bhd (Maybank), sees “Invest M a l ay s i a US ” ( I M US) beginning today in New York and later in Boston and San Francisco as a strategic platform to showcase the attractiveness of Malaysian corporates to American portfolio investors. This is because the 14 Ma laysia n compa nies participating at IMUS 2013 are among the most investible companies from Malaysia, tapping into the growth of ASEAN and transforming into regional and global multinationals, Maybank Group President and Chief Executive Officer Datuk Abdul Farid Alias said today. “We believe that there is a need to keep the momentum and awareness of Malaysia in the minds of U.S. investors as Malaysia is competing with markets around the world for investments,” he told Bernama. Some 90 fund managers from 64 organizations with Assets Under Management (AUM) running into more than US$ 10 trillion have confirmed their attendance at what is surely Malaysia’s premier capita l ma rket roadshow overseas. The event in New York will be officiated by the Minister

in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar. Besides New York, the roadshow will also be held in Boston and San Francisco from Nov 4 to Nov 8. Abdul Farid emphasized that Malaysia has numerous advantages which investors need to know. “It is at the heart of South East Asia, and investors need to understand the growth potential of the ASEAN region, especially as it moves towards realizing the vision of the ASEAN Economic Community (AEC) blueprint,” he said. Besides such credentials, he said Malaysia is ranked sixth out of 148 economies for having a well developed and sophisticated financial market, a clear demonstration that the country has sound infrastructure that should assure investors of its potential. All the three cities will feature one-on-one meetings between Malaysian corporate and fund managers. IMUS 2014 follows the initiative undertaken by

Prime Minister Datuk Seri Najib Tun Razak, who last month held an open dialogue with 15 fund managers in New York on investment opportunities emanating from Malaysia, with emphasis on what is fueling the growth of Malaysian multinationals. Wit h ma ny reg iona l initiatives ongoing such as the ASEAN Trading Link, greater efficiency in cross-border trade and transactions, Malaysian corporates are leveraging on the growth of ASEAN. Already, the FMB KLCI companies are generating nearly 45 per cent of their revenue from abroad. “Investors will therefore find that these listed companies present attractive investment opportunities,” he said. Additionally, they need to understa nd t hat t he Government Transformation Program and Economic Transformation Program (G T P/ E T P) p r o g r a m s a re creat ing a n even more conducive business environment for Malaysian companies to grow. Maybank Group as a

leading regional bank, with a focus on ASEAN, understands the potential of this region. “We believe we can play a role in convincing investors who are looking at ASEAN -- that it is an investment destination offering sustainable growth. “This is a key reason that Maybank Kim Eng, our regional investment banking arm, has become a co-sponsor of the event,” Abdul Farid said. At the same time, Maybank ca n of fer investors t he convenience of leveraging on our Asian network, which includes a very extensive presence in all the 10 ASEAN countries. Companies attending IMUS include AirAsia X, ASTRO Malaysia, Bursa Malaysia, Digi.com, Felda G l o b a l Ve nt u r e s , I J M C or p or at ion, M a l ay si a Airports Holdings Bhd, Muhibbah Engineering, My EG Services, SapuraKencana Petroleum, Sime Darby, UEM Sunrise, Yinson Holdings and Maybank Group.(PNA/ Bernama)

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

AgriBusiness Sales to PHL, China hike prices of Vietnam rice

wednesday | november 6, 2013

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HANOI -- Vietnam has recently signed contracts to sell a total of 120,000 tons of rice to private companies in the Philippines, helping push up export prices by around 10% in recent weeks, traders said here on Friday last week. Securing the Philippines contracts will come as a relief to the world’s second largest exporter of the grain after a long period without major contracts, but higher export prices could mean loss of new deals to rivals such as Thailand and Pakistan. Half of the volume was the 5% broken rice, while the 15-broken and 25-broken grades made up the rest in the deals struck by Vinafood 2, Vietnam’s largest rice exporter, according to three traders at foreign firms in Ho Chi Minh City. HIGHER PRICE Loading will begin next month, one trader said. Officials at Ho Chi Minh City-based Vinafood 2 could not be reached for comment. The 5% broken rice was quoted last week at $400-$405 a ton, free-on-board (FOB) Saigon Port, up around 10% from the start of this month. OPTIONS “Buyers can opt to take rice from Thailand or Pakistan,” a second trader said, noting that Thai 5% broken grain was quoted at $410 a ton, FOB basis. “When the gap is less than

Fresh rice harvested by Vietnamese farmers.

$20 a ton, buying Thai rice is better,” he said. The jump in Vietnamese rice prices in recent weeks is also due to demand from China, traders said. BIGGEST BUYER Rice has been shipped from the southern region incorporating the Mekong Delta food basket to Vietnam’s port city of Haiphong in the north and moved further on to China. China, Vietnam’s biggest rice buyer so far this year, has bought some 1.2 million tons of the grain via border

trade, the official Vietnam Economic Times said on Friday, citing Vietnam Food Association data. DIFFICULTIES Vietnam could export less than 7 million tons of rice this year due to market difficulties, the newspaper quoted the association’s chairman Truong Thanh Phong as saying. This a mount, t he newspaper added, is below the association’s revised target of shipping between 7.1 million and 7.2 million tons.

UNKNOWN FACTOR “Sales to China via border trade can affect Vietnam’s rice export management because the authority does not know how much rice has gone to China,” a trader said, adding that rice exports via border trade were not included in the country’s statistics. Based on Vietna m government data, China has imported 1.62 million tons of rice in the first eight months of 2013 from the Southeast Asian nation, up 3.2% from the same period last year. -- Reuters

WHILE local dairy producers are capable of propping up milk output to w ipe out i mpor ts, a farmers’ cooperative said t he proh ibit ive cost of production is discouraging more farmers from going into dairy farming. The Santa Maria (Bulacan) Multi-purpose Dairy Farmers’ Cooperative (SMMDFC) noted that the

Philippines is importing 99 percent of its milk and dairy product needs despite the ability of local producers to raise and breed dairy animals. “Our cooperative, for i nst a nce, is c apable of processing some 700 liters of fresh milk into yoghurt, soft cheese and bottled or f lavored milk daily. These dairy/PAGE 21

‘High production cost hampers local dairy output’

Coffee drinkers treated to more arabica as prices sink SARAH MCFARLANE, Reuters

LONDON - Coffee drinkers in Brazil, America, Eastern Europe and the Middle East are expected to down more arabica beans in their brew in the coming year as cheap prices attract additional demand for the higher spec product. A surplus from top grower Brazil after two successive bumper crops helped drag arabica prices to a four-anda-half-year low this week, which is likely to prompt roasters to increase the use of the bean in their blends. But drinkers detecting more of arabica’s distinctively sweeter, gentler notes in their cup will probably be saying more about the power

of suggestion than their discernment, as roasters will only be tinkering with blend changes that consumers are unlikely to notice. A Reuters pol l of 10 international coffee traders and roasters showed that between 3 and 4 million 60-kilogramme (132 lb) bags of coffee demand - out of a market total of more than 140 million - is forecast to switch out of robusta beans into arabica in 2013/14. Arabica beans are usually found in high quality brands and ty pically trade at a premium to the hardier, more caffeine-rich robusta beans, which are widely used in instant coffee.

Lately the price difference between some of the lower grade arabicas and robustas has been eroded, putting in reverse the trend from 2011/12 , when roa sters increased the proportion of robusta in their blends to the tune of around 5 million bags globally due to a historically high premium on arabicas. “Clearly it’s happening, although I don’t think it’s going to be as big as the switch we saw out of arabica in 2011/12,” a European analyst said. “The biggest swing is in Brazil.” The world’s top coffee grower is also one of the largest consumers, using over 20 million bags a year. Up to 1.5 million bags of

Brazil’s domestic robusta consumption was forecast to switch into arabica in 2013/14. “Domestic roasters are fairly f lexible so they can move out of robusta into low-grade arabicas on a large scale,” said a trader, adding that Brazil was a very pricesensitive market. SECRET RECIPE Coffee roasters, typically secretive about their blends, stepped up substitution of arabicas with robustas after ICE benchmark a rabica futures rose to a 34-year high in May 2011 and the premium over robusta hit about $1.90/lb. The premium has since narrowed to below 40 cents, coffee/PAGE 21


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CorporateWorld

17

Hiked sales volume lifts Petron’s net profit to P4.4 B in 9 months

Lafarge signs power supply contract with Trans-Asia TRANS-ASIA Oil and Energy Development Corp has signed an additional power supply deal with cement-maker Lafarge Republic Inc. In a disclosure to the Philippine Stock Exchange, Trans-Asia said Lafarge is locking in electricity supply for t he cement ma ker’s plant in Teresa, Rizal. This supply contract is on top of two previous contracts for L a fa rge’s pla nt s i n Norzagaray, Bulacan and

Mitsubishi enters into Asian condos with $405-M PH project MITSUBISHI Corp., Asia’s largest trading company by market value, is expanding into property development in Southeast Asia as the slowdown in China shrinks profits from its commodity businesses. The first project, starting next year, entails building an apartment complex with more than 1,000 units in the Philippines at a cost of 40 billion yen ($405 million), Masahiro Nagaoka, head of township development and construction at Mitsubishi, said in an interview in Tokyo. The trader has allied with local Ayala Land Corp. for the project and is looking for similar opportunities in Vietnam, Indonesia and Myanmar. “We see in those countries large populations, a pent-up demand for housing, and a chance to enter markets that aren’t yet crowded,” Nagaoka said. “We will look for local partners in each country.” The Tokyo-based trader is expanding outside of raw materials businesses as Chinese demand for re s ou rce s decl i ne s . M it s u bi s h i i n a l l i a nc e with BHP Billiton Ltd. is the world’s top exporter of coking coal used to make steel. It said in May it aims to double earnings from non-commodities by 2020 from 180 billion yen ($1.82 billion) last year. Real estate falls under M it subi sh i ’s i ndu st r ia l finance and logistics division, which almost doubled net income to 25 billion yen in the fiscal year ended March 31. That came as total profit dropped 20 percent on strikes at its Australian coal mines and lower oil and metals prices. mitsubishi/PAGE 21

in Taysan, Batangas. Under those deals, TransAsia will supply electricity to the said plants for a period of five years commencing on December 26, 2012. The supply contracts come a mid t he star t of open access in the power sector wherein consumers are to negotiate their own electricit y requirements with suppliers like TransAsia. This diverged from lafarge/PAGE 23

Oil giant Petron Corporation reported that its consolidated net income for its Philippine and Malaysian operations surged almost 8 times to P4.4 billion in the first nine months of 2013 from the P559 million registered in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said the increase is brought about by a 13 percent jump in sales volumes and better refining margins. Total sales volumes in the third quarter of the year rose to 60.2 million from 53.2 million barrels in the same period in 2012, translating to sales revenues of P336 billion, up 9 percent growth from last year’s level. At the same time, refinery margins across the region significantly improved as product “cracks” or t he price differential between

crude and finished products widened. “We are nearing t he completion of major projects that will further boost Petron’s competitive advantage and performance,” Petron chairman Ramon S. Ang said adding that “we remain bullish about our prospects and look forward to delivering stronger results.” Petron is developing its $2 billion Refinery Masterplan Phase 2 (RMP-2) – the single largest investment by a Philippine corporation – at its 180,000 barrel-per-day Bataan refinery.

The project, which is scheduled for completion in the second half of next year, will substantially improve margins as it eliminates low value fuel oil by converting it to high-value gasoline, diesel, and petrochemicals. It also gives the flexibility to refine crude from a variety of sources, enhancing the country’s supply security.

RMP-2 will make Petron the only oil company capable of locally producing fuels that meet the more stringent and environment-friendly Euro-4 standard. “As the only Filipinoowned oil major, this project underscores our commitment to invest in the country’s future and be a staunch petron/PAGE 21


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

Banking&Finance

BPI net income rises 19% as of Q3 BA NK OF t he Phi lippine Islands’ (BPI) net income ros e by a f i f t h a s of t he third quarter as it reported a surge in its deposit and loan segments. T he Ay a l a-le d b a n k ’s n i ne-mont h prof it s g rew 19% to P15.8 billion from P13.2 billion in t he same period last year, it said in a disclosure yesterday. This resulted in a return on equit y of 20.5% and a return on assets 2.2%. “We are very pleased with the momentum across our cor p or ate a nd consu mer f r a nc h i s e s , a nd a re wel l positioned to take advantage of changing market conditions,” BPI President and Chief Executive Officer Cezar P. Consing said in the disclosure. B P I ’s t o t a l d e p o s i t s climbed 27% year-on-year to P889 billion as of September. It saw almost 40% growth in sav ings a nd dema nd deposits. The loan por tfolio, on the other hand, expanded 15% to P549 billion. Bad loans made up just 2.1% of the total, improving from the 2.3% the year before. The bank held enough loan loss reser ves to cover for 119% of its soured loans. “Total revenues grew by 12% due to the improvement i n net i nterest i ncome brought about by the 16% expansion in average asset

base,” BPI said. It did not disclose details about its net interest income. Non-interest income climbed 15% on the back of increases in fees and commissions, income from i n s u r a nc e c omp a n i e s , fo r e i g n e x c h a n g e a n d securities trading. O per at i ng ex pense s grew 6.7% due to “technolog y-related expenses and other variable costs.” BPI’s capital adequacy ratio -- the measurement of a ba n k ’s cover f rom risks -- stood at 16.1%, we l l a b ove t he 10 %

m i n i mu m re qu i re d by t he Ba ng ko Sent ra l ng Pilipinas (BSP). It s Tier 1 c apit a l r a t i o w a s 14 .7 % , a l s o breaching the BSP’s 7.5% requirement under Basel III. CALL OPTION Meanwhile, BPI secured reg u lator y approva l to redeem its outstanding P5 billion in lower Tier 2 Notes a head of t heir maturity date in 2018, it said in another disclosure The BSP gave its goahead for BPI to exercise its ca l l opt ion on debt papers it issued on Dec.

12, 2008. The lower Tier 2 notes have an optional redemption date of Dec. 13, 2013. Mr. Consing earlier said the debt papers needed to be ret ired because t hey were expensive for the bank and no longer compliant with the new capital rules under Basel III. Starting Jan. 1, 2014, on ly Tier 1 a nd Tier 2 capital will be considered compliant since they have loss absorption features. Lower Tier 2 capital, as well as hybrid Tier 1 capital, will be derecognized after Dec. 31, 2015.

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ADB invests $20M in pioneering template energy efficiency projects

HO SPI TA L S , hot e l s , shopping malls, and many other businesses in Southeast Asian countries are expected to adopt cost-ef fec t ive, energ y-sav ing solutions once positive results are d e mon s t r at e d t h r ou g h pioneering energy efficiency projects funded by the Asian Development Bank (ADB). ADB has signed a multicurrency loan worth $20 million for energy efficiency projects to be invested by Cofely Southeast Asia Pte. Ltd, a unit of France’s GDF Suez. T h is i n novat ive a nd flexible loan allows Cofely Southeast Asia to decide at

each draw-down whether it needs Thai baht, Malaysian ringgit, or Philippine pesos in order to match the currency with the location of its energy efficiency investments, said ADB. “The energ y and infrastructure investment choices that Southeast Asian countries make today will have important implications for c l i m at e c h a n ge i n the region over the long term. Energ y ef f icienc y projects of fer t he most cost-effective and low-risk opportunities for climate change mitigation,” said Todd Freeland, Director General adb/PAGE 21

THE BANGKO Sentral ng Pilipinas (BSP) has given its go-ahead for operations of the head office of mBank Philippines, Inc., a thrift bank. “The Monetary Board in its Resolution No. 1997 dated Nov. 29, 2012 approved the establishment of mBank Philippines in Sta. Rosa, Laguna,” read BSP Circular No. 060-2013, dated Oct. 29. “mBank was registered w it h t he Securities and E xc h a n ge C om m i s sion on S e pt . 3, 2 013. T he corresponding certificate

of authority to operate as a microfinance-oriented thrift bank was issued by the BSP on Sept. 23, 2013,” it further stated. Operations of the mBank head office commenced on Oct. 16. mBank Philippines started as a branchless mobile bank last year in Leyte, according to the bank’s Web site. Sha reholders of its ow ner m Ba n k Hold i ng include PlanNet Finance Group, Finnish development finance company Finnfund mBank/PAGE 21

mBank given BSP greenlight


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Mindanao Daily 19 NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

Tattoo brings the tablet revolution to Bacolod Tattoo sure knows how to take over the party scene as the most reliable mobile broadband held a 2-day roofdeck party at Bacolod’s L’Fisher Chalet in partnership with Republiq during the 32nd Masskara Festival. Some of the best DJs in Manila f lew in to give Bacolodnons two unforgettable nights of non-stop music, including DJ Nina, DJ Mars Miranda, DJ Manolet Dario and Republiq resident DJ Martin Pulgar to name a few. Famous celebrities like Vice Ganda, Sam Pinto, the De La Salle Green Archers like Sam Perkins, Arnold Van Opstal and Jeron Teng, and the Philippine Volcanoes also joined in the party to meet their fans and support Tattoo. Guests were also able to experience the latest offers from Tattoo like the newest Tattoo Tablet Bundle plans as part of the Tattoo Tablet Revolution. With the Tattoo Tablet Bundles, get three free devices in one amped-up plan harnessing high-speed mobility and connectivity all in one super-

power bundle starting at Plan 1298. The three free supercharged devices include a free Skyworth S73 tablet or a Cloudpad 705W, a Blackberry Curve 9220 mobile phone, and the country’s fastest broadband Wi-Fi stick which can power up to ten devices, Aside from the party, Globe stores in Bacolod also had the festive feel with special treats to customers. At given times throughout the day, Tattoo performers fronting the stores gave customers a special dance number in line with the Masskara festival. Vice President for Globe Tattoo Nomadic Broadband Business Dong Ronquillo also took time to visit all 3 Globe stores in Bacolod - SM Bacolod, Robinson’s Bacolod, The District North Point mall and also the Globe Mobility Store-on-the-go where Tattoo had their own booths for the customers. As Tattoo rounds up the festival calendar this year, the brand gears up for next year’s festivities with more exclusive privileges to Tattoo subscribers all over the country.

Dong Ronquillo with some of the members of the Philippine Volcanoes

SM Bacolod gave customers a special treat with dance numbers in tune with the Masskara Festival

Representatives from Tattoo were also at the Roofdeck party ready to assist those interested in the new Tattoo Tablet Bundles

Normin’s top schools to square NOTED STARS SEEK off in 9th Steag Energy Quiz NEW TALENTS, Some fifty (50) private and public high schools in Northern Mindanao will compete in the 9th Steag Energ y Quiz on 22 November 2013 at the Limketkai Activity Center, this city. Organized and presented by energy firm STEAG State Power Inc. (SPI), the annual activity is considered as one of the most awaited high school competitions in the region where k nowledge a nd understanding of high school students about the science of energy will be put to a competitive test. Over the years, Steag has organized the event to promote among high school students a special interest in energy, at the same time inspire them t o a c h i e ve a c a d e m i c excellence in science and technology. Each participating high school will be represented by a team of three senior s t u d e nt s s e le c t e d by

CALL FOR AUDITIONS

their respective school administrators. During the contest, a total of 21 questions about fac ts, laws a nd current events pertaining to electricity, energy and other subjects relating to natural and physical sciences, chemistry and physics will be asked. Each question has

corresponding points, and the team that accumu lates t he most number of points will be declared as winner. Aside f rom meda ls and trophies, twenty-four t hou sa nd pesos (Ph P 24,000) worth of cash prizes will be given away to the best three schools. The Steag energ y

quiz cha mpions since 20 05 i nclude Lu mbia National High School, Xavier University High S c h o o l , S t . M a r y ’s School, Bayanga National High School, Regional Science Hig h School, Rosevale High School, and the Mindanao State University - Iligan Institute of Technology.

Auditions will be held on November 13, 2013 from 9 AM to 12 noon at the Manila Restop in Rizal Park near the Quirino Grandstand for fresh talents of all ages who wish to venture into acting, singing, dancing and modeling. This was announced by AnakTV spokesperson Mikee Cojuangco Jaworski. The auditions are being called by some of the country’s most respected stars and directors like Ms.Nora Aunor, Boy Abunda, Boots Anson Roa, Ricky Davao, Gladys Reyes, Isay Alvarez and Nestor Torre, all supporters of Anak TV. Cojuangco-Jaworski added that auditonees should be Filipinos of any age with topnotch talent and must not be professionally bound by any existing performance or talent management contract. Minors should be accompanied by parents or adult wards who will sign waivers in their behalf. Successful auditionees will belong to a roster of talents to be tapped for forthcoming TV, film and stage assignments. The auditions come ahead of basic acting and writing workshops to be conducted by multi awarded director Nestor Torre to be held at Manila Restop on November 16, 17, 23 and 24. Subsequent workshops will be directed by Ricky Davao, Boots Anson Roa and Gladys Reyes.


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

Editor : Cheng Ordonez, E-mail: cheng.ordonez@gmail.com

Environment

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Typical view of Mt. Arayat

Save Mount Arayat Movement gains ground CLARK FREEPORT, Pampanga -- Governor Lilia Pineda and members of the Pampanga in Barangay San Juan Bano in Arayat and in Barangay Mayors’ League (PML) on Tuesday expressed their full support to the Save Mount Arayat Ayala in Magalang town. It can be recalled that in September 2009 during Movement. Pineda, during the event dubbed as Strengthening of Linkages through Executive – Legislative Agenda of the Pampanga being held at Fontana Convention Center here, said it is the concern of every Kapampangan to save Mount Arayat from degradation as it is one of the important landmarks in the province. “The degradation of the mountain may mean a big loss for the province and a setback for the Kapampangans,” the governor said. The PML headed by Apa lit tow n mayor Osca r Tetangco, Jr., on the other hand, vowed to come up with a resolution reiterating full involvement in the Save Mount Arayat Movement. Arayat Mayor Emmanuel “Bon” Alejandrino appealed t he Pampanga mayors to suppor t t he Save Mount

Arayat Movement as a way to preserve the mountain and protect the people living in and around the said area. Alejandrino said that Mount Arayat based on enacted law is declared as protected area of the government hence, it is managed and preserved by the Department of Environment and Natural Resources (DENR). However, Alejandrino is wondering why there are areas in the mountain with land titles owned by private individuals. The mayor upon the instruction of Governor Pineda vowed to verify the authenticity of the documents being shown by the alleged landowners. The slope of the mountain is now highly populated with the mushrooming of informal settlers, particularly

the onslaught of typhoon Ondoy, 12 individuals were buried and died due to the landslide that took place at Purok 7 of San Juan Bano, Arayat town. Last October, another landslide took place after typhoon Santi hit the province. As Arayat local officials inspected the affected areas of the mountain, they found out that treasure hunting was being undertaken on the top which they claimed as the reason for the frequent occurrence of landslides. Alejandrino said they are planning to collect all the boulders, rocks and other debris located on top of the mountain along the Mayagas creek. “We are also contemplating on rechanneling the f low of water in the Mayagas creek and the eventual landslide in the barren land of Barangay San Mateo where no people will be affected,” he added. (PNA)

DILG reminds LGUs of calamity ILO supports quake victims in the PHL Response, preparedness protocol The Department of Interior a nd L oca l Gover n ment (DILG) in Eastern Visayas has advised local government units (LGUs) in the region to convene as part of their c a la m it y re sponse a nd preparedness protocol in preparation for tropical storm ‘Yolanda’ that is expected to enter the Philippine area of responsibi lit y (PA R) Thursday morning. Loca l government operations officer Adrian T h o m a s C o l a s it o s a i d

that the protocol includes mobilization of their local d isa ster r isk reduc t ion management council and ac t ivat ion of au x i l ia r y c om m a nd c e nt e r s a nd prepare to man it 24-hour basis. Further, they should also activate their early f lood warning systems. For those with none, they have to be proactive and it is important that “they evacuate before the storm hits,” he said. Moreover, before the

storm makes its landfall, they have to deploy their disaster and emergency response teams. A lso included in t he protocol is the activation of e v a c u at ion c e nt e r s , deploy ment of t rade personnel in these centers and ensuring that basic needs/necessities are there. L a st ly, t hey have to conduct pre-emptive evacuation when necessary. Office of the Civil Defense reminds/PAGE 22

BOHOL --Thousands of workers were badly affected w hen a 7. 2 ma g n it ude ea r t hqua ke hit Cent ra l Visayas, Philippines in midOctober. The deadly earthquake destroyed livelihoods and damaged houses, roads, bridges, schools, centuryold churches and heritage sites. “Preliminary estimates of the International Labour Organization (ILO) show t hat 4 40,0 0 0 workers have been affected by the quake in Bohol. One of the hardest hit areas in Bohol is Loon, where 3,000 people depend on fishing as main source of income. After the earthquake, Loon’s shoreline was elevated and enlarged,”

said Lawrence Jeff Johnson, Director of the ILO Country Office for the Philippines. Director Johnson also said that sulphur emissions have a f fec ted se awater quality, while seagrasses and mangroves are slowly drying up, resulting in reduced fish catch and income. He said t hat t he earthquake has also cut off major roads and bridges. Travel to Loon from the main city now takes over three hours instead of just 30 minutes, impacting on people’s ability to access basic services and livelihood opportunities. “We need a convergence strategy with a focus on rebuilding livelihoods first. When people are given the

opportunity to earn money, you restore their dignity and hope to rebuild their broken lives and homes,” said Lloyd Peter Lopez, the mayor of Loon. Mayor Lopez is currently living in a makeshift tent with other affected families, after the earthquake damaged his house. Farmers and fisherfolk are still afraid to go back for fear of landslides and aftershocks and need food and water. Lopez favors a sustainable approach to ensure t he livelihoods of his citizens. “I still believe in the saying that if you teach a man to fish he will eat for a lifetime.” Prior to the earthquake, Mayor Lopez was pushing for quake/PAGE 22

MANILA -- Anot her tropical storm is expect to enter the Philippine Area of Responsibilit y (PAR) on Thursday morning, the state weather bureau said on Tuesday. In a interview, PAGASA weather Forecaster Jori Loiz said t he tropica l storm with international name “Haiyan” will be locally named “Yolanda” once it enters PAR. It will be the 24th storm to enter the country this year. Loiz said that Haiyan was

estimated at 2,026 km east of Mindanao with maximum sustained winds of 115 kph and gustiness of up to 146 kph. It is forecast to move west at 25 kph. He also said once the tropical storm maintains its direction and speed, it is expected to make landfall in Eastern Visayas. PAGASA expects two to three cyclones to affect the country this month. Meanwhile, Loiz said t he low pre s s u re a re a (LPA) spotted off Palawan

is expected to exit PAR by Tuesd ay e ven i ng or Wednesday morning. He said as of 4 p.m., the LPA was spotted some 250 km west northwest of Puerto Princesa City (10.8°N 116.4°E) almost the boundary of PAR. He added that once it exits, it is expected to re-intensify since its in the sea. He noted that if it again strengthens into a tropical depression once inside the country, it will retain its local name “Wilma.” Haiyan/PAGE 22

Tropical storm ‘Haiyan’ to enter PAR Thursday

Australian Ambassador Twedell tries to carry a sack of food packs at the Department of Social Welfare and Development (DSWD) warehouse in Tubigon where 100 volunteers helped repack goods, while Secretary Dinky Soliman looks on. (DSWD)


Mindanao Daily 21 NEWS

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Profit... from page 14

percent to P20.94 billion due to rentals from new SM Supermalls opened in 2012 and 2013. The five malls in China contributed P2.17 billion in 2013, or nine percent of total consolidated revenues. Excluding the new malls and expansions, same-store rental growth was at seven percent. “We continue to exceed o u r e x p e c t a t i o n s . We expect to sustain our strong performance as we approach the year-end especially as the Christmas season has been, traditionally, our strongest period,” said SM Prime President Hans T. Sy. Sy said the company’s robust performance in the first three quarters of the year is a testament to the strength of consumption driven by the increase in overseas Filipino workers remittances and the continued growth of the business process outsourcing. SM Prime has 47 Superma lls strategica lly located in the Philippines with a total gross floor area of about six million square meters (sqm). SM Prime is scheduled to launch this month SM City BF in Paranaque. Building D in SM Megamall will be opened to the public in December 2013. By year-end, SM Prime will have 48 malls in the Philippines and five in China with an estimated combined gross floor area of 7.0 million square meters. (PNA)

Dairy... from page 16

products are sold around Bulacan, Pampanga and Met ro Ma ni la ,” Renato G. Mendoza, president of SMMDFC, said. Mendoza said t he cooperative has more than 1,000 members but only 100 have their own milkproducing cattle or carabao. The SMMFDC official, who owns heads of 20 cattle himself, said some of their members have difficulty in maintaining their dairy animals because of the cost while others are incapable of acquiring the local breed of animals priced at P55,000 to P75,000 each. “Impor ted a nima ls which are regarded as good milk producers can cost up to P170,000 per head, an amount that is beyond the reach of an ordinary farmer,” Mendoza said. SMMFDC members who have been able to secure affordable loans have been able to make money out of breeding dairy animals. One example is Jason Mateo whose family owns around 300 heads of cattles. A second-generat ion farmer, Mateo said his father went into dairy farming back in the late 1960s when he acquired several heads of cattle and bulls from the Department of Agriculture (DA). “For for t y years, my

family concentrated only on fattening, and it was only in 2011 that we started to seriously concentrate on dairy production, in part, because of the program of the DA, and also because we have observed the growing domestic need for locally produced fresh milk,” Mateo said. Last year Mateo’s family received a soft loan of P45,000 from the National Dairy Authority (NDA) to purchase an improved breed of dairy cattle. They were able to pay the full amount of the loan in just a year. “Currently, we produce 1,200 liters of fresh milk that we supply to dairy processing in Batangas, while some goes to the cooperative,” Mateo said. He said milk traders in Batangas need some 20,000 to 30,000 liters a day of fresh milk, and that they source it from nearby provinces. Mateo said many farmers can benefit from the high demand of dairy products if only they have funds to purchase several pairs of cattle and bulls for breeding.

Coffee... from page 16

and dealers said it could shrink further. There is a wide spectrum of qualities within the arabica and robusta varieties, so the premium varies between different grades, with traders noting that Brazil’s rio minas arabica had traded at a discount to some robustas in the past month. “There will be switching, but the quantity will depend on the quality of low-grade arabicas,” a trader at an international roaster said. Roasters have become more nimble in recent years to enable themselves to react to prices and availability. “In general customers (roasters) have become a little bit more f lexible in comparison to 10 years ago. In the past the blend or ingredients were written in stone, they were untouchable, and that has changed,” a coffee trader said. Beyond Brazil, traders and roasters said America, Eastern Europe and the Middle East could also see some switching, the trader said, noting that emerging coffee markets were less sensitive to taste changes. “In emerging countries people go more for price than anything else; they are not so picky quality-wise,” the head of coffee at an international trade house said, adding that the Western European market was not as flexible. Robusta coffee futures traded at a three-year low this week, but traders were more bullish on their price outlook versus arabicas, pointing to low exchange stocks as a trigger for future price rises to attract fresh beans. In September brokerage Marex Spectron forecast 2013/14 global coffee supply and demand at close to balanced, after a 7 million bag surplus - all in arabicas - the previous year.

northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

Brazil’s coffee production rises and falls from one year to the next due to its biennial cycle, as arabica trees need time to recover after bearing large quantities of cherries. The variations between ‘on’ and ‘off ’ years have been diminishing, however, par t ly due to improved maintenance, replanting of trees with higher-yielding varieties and increased use of fertiliser and irrigation. The International Coffee Organization has not yet publ ished forec a st s for 2013/14. It estimated 2012/13 global production at 145.2 million bags, of which around two fifths is robusta. The ICO pegged world consumption for c a lend a r yea r 2012 growing 2.2 percent to 142 million bags. Future demand growth is expected to be focused in Asia, the region where most of the world’s robusta is grown, and where coffee is mostly consumed in the form of soluble or instant. “I don’t think that (the switching) means robusta demand is falling. I think demand in Asia is strong enough that it more than cancels any of that out. Both robusta and arabica demand will grow this year,” a trader said. — Reuters

ADB... from page 18

of ADB’s Private Sector Operations Department. Through the loan, ADB is supporting Cofely’s plan to invest in building, upgrading, a nd e x p a nd i ng ener g y efficiency infrastructure across the region. Investment i n energ y ef f icienc y i n Southeast Asia’s factories and other buildings is falling far short of the cost-effective potential. Key hurdles to scaling up investment include a lack of awareness among business leaders and a lack of skilled experts and companies to help develop and manage energy efficiency projects. Cofely addresses these barriers through a successful business model that has proven effective in the US, Europe, and a number of other markets. Its energy efficiency services approach comprises a full suite of services, including financing for the design and delivery of energy savings, as well as the subsequent measurement and verification of results.

mBank... from page 18

and Dutch entrepreneurial development bank FMO. mBa nk is t he f irst deployment microfinance bank to offer all its services through a mobile platform, using mBa n k Holding’s par tnership w it h Smar t Communication, Inc. Smart subscribers will be able to open savings accounts, take out loans, buy insurance products and pay their dues through their mobile phones. Philippine Long Distance Telephone Co. (PLDT), the parent of Smart, booked a P19.7-billion net income in the first half, about 2%

more than the P19.3 billion recorded in the same six months last year.

Petron...

www.johndprovoice.com

from page 17

partner in nation-building. RMP-2 is a source of national pride since it highlights the ingenuity and talent of Filipino engineers,” said Ang. In Malaysia, Petron’s upgrading and conversion program is in full swing with nearly half of the 560 service stations rebranded to Petron. Petron has a lso been investing in its network expansion program which aims to make the Company’s prem iu m produc t s a nd services more accessible to Filipinos, especially in rural areas. Currently, Petron stations nu mber nea rly 2 ,150 – more than its two closest competitors combined.

Mitsubishi... from page 17

Since broadening real estate and property development toMAIN theBRANCH US and CAGAYAN DE ORO P & J Lim Bldg., Tiano Brothers then China two years Kalambagohan Sts., ago, the Tel. # (08822) 727-829 * company sees Southeast Asia Telefax # (088) 856-1947 as its next growth market, CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Nagaoka said. Camiguin Tel. # (088) 387-0491 “WeCORRALES feel we can take BRANCH Corrales Ave., Cagayan de Oro City advantage of this situation,” DIVISORIA BRANCH Nagaoka Atty. Erasmo B.said. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Mitsubishi will take a 40 Tel. # (088) 857-3631 percent stake, the maximum LAPASAN BRANCH Hi-way, Cagayan de Oro for Lapasan a foreign entity inCitythe Tel. # (088) 231-6739 Philippines property market, CARMEN BRANCH Vamenta Blvd., Cagayan de Oroa City in Albeo Land Corp., unit Tel. # (088) 231-2011 of Ayala Land. Construction and sale of apartments will be done in several stages over eight years, Nagaoka said. The target audience will be the local upper-middle income population, defined as those with a household income between 3 million yen and 5 million yen a year, he said. “Prof its in the upper luxury segment are higher, but so is the volatility,” he said. “We’re looking for more stable, large-scale projects.” Construction will begin in the Ortigas area, the second la rgest business district in the Philippine capital of Manila. Mitsubishi and Ayala have rights to develop a 3.6-hectare (8.9acre) site, Nagaoka said. Mitsubishi has worked with Ayala Land’s parent company, the Ayala Corp. conglomerate, since 1974, according to the Tokyo-based trader’s website. Mitsubishi now ranks a s t hei r second-la rge st shareholder with 10.5 percent of the conglomerate, data compi led by Bloomberg show. Mitsubishi is studying projects in Viet na m, Indonesia and Myanmar and doesn’t exclude working with other partners in the Philippines on new projects, Nagaoka said. It will look at projects of 20,000 square meters and larger, he said. “These countries don’t pre s ent u s w it h d i re c t sy nergies w it h ot her Mitsubishi businesses, but they are good real estate investments in their own right,” Nagaoka said.

CDO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947

DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631

CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491

LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739

CORRALES BRANCH Corrales Ave., Cagayan de Oro City

CARMEN BRANCH Vamenta Blvd.,Cagayan de Oro City Tel. # (088) 231-2011

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Fun Page

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

Editor : Clifford Santillan, E-mail: santillan.clifford@yahoo.com

Reminds... from page 20

(O CD) ac t i ng re g iona l director Rey M. Gozon, in an emergency meeting held Tuesday afternoon, also requested that LGUs be advised to submit “actions ta ken in preparation to tropical storm Yolanda.” Philippine Atmospheric, Geophysical and A s t ronom ic a l S e r v ic e s Ad m i n i s t r at ion (PAG A S A ) Ta c l o b a n c h i e f Mario Peñaranda during the briefing said that the tropical storm will most likely hit the entire region because of its wide diameter of 900 kilometers. He added that bad weather condition may be experienced

probably Thursday evening or morning of Friday as soon as the weather disturbance enters the PAR morning of Nov 7. While all weather agencies have similar forecast that Eastern Visayas w il l be affected, fortunately the disturbance is moving fast such that it is expected to be out by Saturday morning, he said. “I asked everybody to join in the dissemination of this information,” he urged. Gozon, following the information relative to the movement of ‘Yola nd a’ internationally codenamed Haiyan added that aside from the reactivation of LDRRMCs, LGUs should revisit their contingency

clifford’s

Daily HOROSCOPE AQUARIUS (January 20 – February 18) - Your values are front and center today, so focus on them and try to hang out with people who share them. That’s not to say you should shun others, just that you can get more done with like-minded folks. PISCES (February 19 – March 20) - You are sure to find things falling into place for you -- so make sure that you’re moving forward and taking advantage of this short streak of good luck. You can make a real splash! ARIES (March 21 – April 19) - You may step on a few toes today -- but this time, there’s nothing wrong with that. Those with sensitive feelings are out of place, whereas those who want to get things done are in their element. TAURUS (April 20 – May 20) - Try not to be too self-righteous today -- though that may be tough! Things aren’t going according to plan, and your beliefs or ideals may be challenged in ways that seem petty or unnecessary. GEMINI (May 21 – June 21) - Your relationships are vitally important today, so make sure that you’re giving them the attention they deserve. It’s a good day for heartfelt talks and important decisions, so take a deep breath and plunge in! CANCER (June 22 – July 22) - You feel torn between different people or plans -- and it may be nearly impossible to decide between them! Try to ride out this phase, as things are sure to get clearer in a few days.

pla ns for f lood i ng a nd landslide. He a lso ordered t he Department of Public Works and Highways (DPWH) to be on alert status in case there are landslides or any incidents that need their immediate response. Fishermen are advised not to go out into the sea once the tropical storm enters the PAR while residents of low-lying areas are advised to prepare for possible flooding while those in landslide prone areas are urged to have pre-emptive evacuation. The public is a lso encouraged to have with them their transistor radio for monitoring purposes. The OCD and members of the Regional Disaster

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Risk Reduction Management Council (RDRRMC) will convene November 7 for another updating. (PNA)

Quake... from page 20

a comprehensive livelihood strategy in Loon based on a vocational training center. The center will provide free skills training for future carpenters and masons. The center is also aimed at expanding livelihood opportunities for young people. Accord ing to L opez , da mages to ag r icu lt u re and f isheries caused by t he ear t hqua ke have compounded the need for better jobs and livelihood opportunities.

“The ILO agrees with the government that after the crisis is an opportunity to build a better future for the victims and to ensure that people are not left vulnerable or exploited afterwards”, Director Johnson said. The Organization has already raised US 220,000 following the earthquake in Bohol and the crisis in Zamboanga City. The ILO is now reaching out to its nat iona l a nd international partners for further support. (PNA)

Haiyan...

from page 20 “Wi l m a” i s t he f i r s t c yclone to a f fect t he cou nt r y t h is mont h a nd t he 23rd for t he yea r.

L o i z s a i d t h e L PA move towa rd s Vie t na m by Tu e s d ay e ve n i n g or Wed nesd ay mor n i ng. In t he nex t 24 hou rs, Loiz said t hat due to wind convergence, Metro Ma n i la , C ent ra l Lu z on, Calabarzon and the prov inces of Pa lawa n a nd M i ndoro w i l l have cloudy skies with light to moderate ra i n showers. He added that nor t hea st monsoon w i l l br i ng cloudy sk ies w it h l i g ht r a i n s ove r I lo c o s Region, Cordillera Ad m i n i s t r at i ve R e g ion and Cagayan Valley while the rest of the country will be partly cloudy to cloudy with isolated rainshowers or thunderstorms. (PNA)

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CIRCLE A WORD loomers

aster pansy crocus phlox ferns rose iris teasel

lupin woodruff orchid budleia petunia daisy privet fuchsia

stock lily violet mint azalea peony dahlia poppy

freesia sage ivy thyme mallow zinnia

HERO REVIEW Zeus the Lord of Heaven is a ranged intelligence Hero who functions almost solely as a nuker. He is usually played as a semi-carry ganker type hero, who instead of utilizing disables, focuses solely on delivering tremendous amounts of magical damage to his foes. With the high cast range and low cooldown on his spells, he is able to deliver the most superb and consistent magical damage of any hero in the game. Arc Lightning is a highly spammable nuke that creates a stream of lightning that bounces between enemy foes (up to fifteen times at max level), dealing minor damage. Lightning Bolt is more focused, dealing heavy damage to a single target, also on a very low cooldown. Static Field is a potent passive ability that allows Zeus's magical damage to scale into late game, dealing damage to all enemies within a decent AoE equal to a certain percentage of nearby targets' health whenever he casts a spell.

Ranged - Nuker - Support

Finally, his ultimate Thundergod's Wrath allows him to strike all enemy heroes with a bolt of lightning, no matter their position, inflicting heavy damage. It can be used for multiple purposes: to finish off low-health enemy heroes limping away, to soften up the entire enemy team during a teamfight, or even to scout out the enemy's position. With the ability to strike down enemies both near and afar, the Lord of Heaven ensures that nobody can escape his wrath.

SUDOKU How to play the game? Fill in completely every rows, columns and diagonals of each puzzle without repitition

Yesterday’s Answer

of the same digit.

LEO (July 23 – August 22) - You need an adventure -- so get out there and play! Your energy is terrific, and you should find that you’ve got at least one willing playmate to take your ideas and run with them! VIRGO (August 23 – September 22) - You should try your best to just let others set the tone and pace of the day. Your energy is best spent on issues of personal importance, and you are much better off not rocking the boat for the time being. LIBRA (September 23 – October 22) - Your latest projects feel more important than the old stuff -- and they are! You are moving toward greater responsibility both at work and at home, so enjoy what you’ve got in front of you. SCORPIO (October 23 – November 21) - Your big-picture focus needs to expand even further -- so make sure that you’re dealing with the world at large, or at least those parts of it that are remotely related to your plans and ambitions. SAGITTARIUS (November 22 – December 21) - Your happy button gets pushed early and often today -- so enjoy it! You may find that you’ve got pleasant surprises coming at you every hour or so, and you should pass them along to friends. CAPRICORN (December 22 – January 19) - You can make amazing progress today without even really paying much attention to your work! It’s one of those days when autopilot is more practical and efficient than handling the controls yourself.

Amazing Facts! Did you KNOW?? .. At birth, a panda is smaller than a mouse and weighs about four ounces As if pandas weren’t already the most adorable creatures in the world! Though this one comes with the added benefit of not being physically able to bite your head off. Always a good quality when choosing a companion.

CROSSWORD puzzle

across 38. Castro’s turf 1. South American country 39. Business notices 9. Korean currency 40. Perjurer 10. Eight (comb, form) 42. Temporary decline 12. Building wing 44. Newcomer 14. American university DOWN 16. Greek letter 2. Nocturnal bird 18. Rhenium symbol 3. _and behold 19. Wheel and_ 4. Translucent chal 20. Piece of furniture cedony 21. Scent 5. Spanish dance 23. Weasel 6. Freeze 25. Encountered 7. Preposition 27. Rowing pole 8. Fuel oil 28. Pencil end 11. Bovine mammals 31. False god 13. Guided 33. And not 15. Alcoholic beverage 34. Model 17. Visionary 36. Lithium symbol 19. Greek god of war 37. _Nino 20. Winged creature

22. 24. 26. 29. 30. 32. 35. 38. 39. 41. 43.

_Khayyam Wound seriously Entitlement Rock and_ Burglarize Antiquated Adventurous Automobile Actor Muhlach Whether Americium symbol

Yesterday’s Answer


Mindanao Daily 23 NEWS

wednesday | november 6, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Agus... from page 13

translate to potential savings amounting to more than P1 billion for the government,” Villalon II was quoted as saying. “The submission, however, w i l l st i l l be subjec t to detailed evaluation and postqualification to determine whether the winning bidder i s c ompl ia nt w it h a nd responsive to requirements and conditions set forth in the bidding documents,” he said. PSALM said three groups participated in the auction, two of which were qualified to proceed with bidding while the third failed in technical evaluation, which is a prerequisite to financial evaluation. The other group that qualified to proceed with the bidding -- the joint venture of HydroChina ZhongNan Engineering Corp., Harbin Electric Machinery Co. Ltd. and BSP & Company, Inc. -- submitted a higher bid of P1,677,106,108.00. The offers of bidders were both within PSALM’s approved budget for the contract of P2,598,170,000. Eight groups had e x pre s s e d i ntere st a nd bought bid documents for the project. The 200-megawatt (MW) facility consists of two units with combined capacity of 50 MW)and three units with total capacity of 150 MW. The project aims to raise power output of the first and second units of the facility to 34.5 MW each from from 25 MW currently, PSALM said. “The project will include invest igat ion, design, engineering, manufacturing, installation, test- ing and commissioning of the new hydro power turbines and blades of t he t wo Ag us VI power units, as well as replacement of electrical equipment, materials and devices necessary for the safe and reliable operation of the power facilities,” PSALM said, adding that the project is expected to be completed 900 calendar days from contract award.

Solar... from page 13

that inundated parts of the city. “ T h e (d e c i s i o n) o f Enf init y Phi lippines Services, Inc. to establish a 30-hectare solar power farm inside Zamboanga ecozone’s second industrial site that would generate 20 megawatts of power is a welcome and encouraging development,” Mr. Arnuco said in a telephone interview. “This is despite the recent crisis that marred the city’s positive image.” T he proposa l pa r t ly involves installation of solar panels on the roof of the administration building of the Zamboanga ecozone. M r. A r nu nc o s a id Enfinity’s plan proves the city “is still an investment destination in the southern part of the Philippines; that

it still continues to enjoy a positive level of business c on f id e nc e a nd of fe r s promising potentials for more trade and investments.” Vic Larato of the city information office noted in a recent statement that the Department of Energy h a s a l re a d y g r a nt e d a service contract to Enfinity. Enfinity Philippines is a local subsidiary of an international firm that specializes on solar energy projects. “ We a r e n o w b u s y prepa ring t he power rates, the power purchase agreement and we are also busy formalizing the land leases, now that the national government has released the service contract,” said Dennis Chan Ibarra, Enfinity Philippines president. Mr. Ibarra said the project may not solve the area’s power problem completely, but it is one step towards a solution. Aside from it b ei ng env i ron ment a l ly friendly, the project will also generate at least 700 jobs once construction will have started in the next six months. A few months ago, the city experienced up to eight hours of blackout per day due to insufficient power supply in the Mindanao grid. The National Grid Corporation of the Philippines Web site showed that on Sunday, a day when power demand is expected to be low, Mindanao still had thin reserves of just 64 MW, with system capacity of 1,315 MW barely covering system peak estimated at 1,251 MW. Another power project planned for the city is a 100MW coal-fired power plant of the Alsons Group to be located inside Zamboanga e c o z one . T he pl a nt i s expected to be completed in 2016.

Corruption... from page 13

data. “ We n e e d t o m a k e sure that the elbow room for c or r upt ion w i l l b e minimized. I think we should go into computerization,” Dayanghirang said. The councilor said that the city assessor’s office and accounting office are a lready implementing a centralization of their data. Last year, the city building of f ice ta rgeted to f u l ly automate its operations by the fourth quarter of 2013, including the purchase of a large format scanner for the input of plans of incoming investors. The scanner reportedly costs around P1.3 million or over 50 percent of the P2.3-million budget for the agency’s computerization. However, the office of the city treasurer and other revenue-generating offices such as the public markets and terminals are yet to be computerized. “We a re a i m i ng for t he centra l control a nd management of records,” Dayanghirang said, adding they are identifying cities a nd municipa lities t hat

northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

are already implementing computerization. The official said au t o m a t i o n r a i s e s t h e possibility of taxpayers only having to go online for their transactions. “We’re a l s o lo ok i ng for w a rd to apply i n g a business model that is used by utilities,” he said. The Davao Light and Power Corporation and the Davao City Water District have a system where clients can pay by going to designated paying areas in malls. Dayanghirang said the system could also lead to an increased centralization of other government functions, such as safety and f lood monitoring. He said that if the measure is approved it would be up to Mayor Rodrigo Duterte to decide if the city would need a contractor, aside from its existing implementing agencies. During the committee hearing Mond ay, Dayanghirang told the CITC to give him what the agency has accomplished and what it needs for the upcoming year. Ricarte Franco Jr., CITC officer-in-charge told the committee the previous cost for the internet connection for City Hall and its departments amounted to P1.8 million. The cost for the firewall for the website was P150,000 which came from a P5 million budget for the CITC this year, Franco said. He said the appropriation for a poi nt of pay ment software that would help i n t he i ntercon ne c t ion was around P2.3 million. However, this software is yet to be materialized. Franco said in an interview that the interconnection will only succeed if there is a comprehensive study of existing infrastructure in the different city government agencies. He adde d t he CI TC would need the entire 2014 to complete the plan, and that it was too early to propose an exact budget. Asked whether the CITC would need outside help for the implementation of such a project, Franco said the agency was willing to work with contractors. Cit y accountant Lina Justol, however, said that working with contractors could be difficult if they refuse to turn over the source code to the government. “The CITC has to make a pla n for t he cit y a nd what it pla ns regarding interconnectivity,” she said.

Bananas... from page 13

to the U.S. actually turned out. Stephen Antig, president of t he P i l ipi no Ba na na Growers a nd E x por ters Association (PBGEA) said growers and exporters are optimistic the multibillionpeso industry is expected to bounce back next year after suffering heavy losses from last year’s t y phoon t hat wiped out 14,000 hectares

of banana plantations in southern Mindanao. “Ye s , t he good news is -- the banana industry is recover i ng f rom t hat typhoon and expected to be fully recovered by next year,” Antig told reporters here. At present, this southern region covers some 48,535 h e c t a r e s of C av e n d i s h banana farms or more than half of the whole country’s 82 ,412 hecta res pla nted to bananas, according to Antig. T he PBGEA head, who re pre s ent s t he big multinational growers and exporters, said that aside from China and Iran as alternative markets, banana traders and exporters here have been exploring other global markets for bananas w h i c h i n c lu d e R u s s i a , Mongolia and Kazahkstan. Of course, to sur vive c a l a m it ie s , t he ba na na industry is still clinging to traditional markets like Japan, Korea, the Middle E a s t w h ich a re ge t t i ng regular banana shipments from the Philippines. But just to make sure they won’t be caught f latfooted, the industry has been tapping p ot e nt i a l ne w m a rk e t s worldwide, including the U.S. and Europe. Rene Da l ayon, ch ief execut ive of f icer of t he Federation of Ba na na Cooperatives or FEDCO representing small banana farmers here said that they are developing the domestic ma rket for Cavendish ba na na s by put t i ng up ripening room facilities in Davao, Cebu and Manila. Their nationwide market distribution plan i ncludes r ipen i ng f resh ba na nas into yel low for ret a i l i n super ma rket s , malls, groceries and other commercial outlets. They cannot sell green bananas even if t hey ripen t hem artificially. “ T h e r e ’s a g r o w i n g demand now for ripened yellow Cavendish bananas in our domestic market all over the country. This is one big market we haven’t fully tap yet since we’ve always exported the fruit for many years,” Dalayon said. If you have the chance to stroll around supermarkets, you’ ll see some of these fresh ripened bananas on display. Many supermarkets nationwide are now selling fresh Cavendish bananas at t ract ively packed in plast ic show i ng such brands as Dole, Del Monte, Un i f r ut t i a nd F E D C O. (PNA)

Lafarge... from page 17

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wednesday | november 6, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

BusinessWeek Mindanao (November 6, 2013)  

BusinessWeek Mindanao (November 6, 2013)

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