BusinessWeek Mindanao (October 10, 2013)

INSIDE LOOK

Red Cross, DHL join hands for community volunteerism Corporate World

PAGE 15

BAS data shows PH rice stocks good for 46 days Agri-Business

PNB to raise money through sale of negotiable instruments Banking & Finance

PAGE 16

PAGE 17

4-legged U.S. robot taken for test-gallop Sci-Tech

MINDANAO DAILY NEWS SECOND SECTION

www.businessweekmindanao.com

Market Indicators

As of 6:23 pm Oct. 9, 2013 (Wednesday)

FOREX

PHISIX

US$1 = P43.14

6,377.75 points

6 cents

X

77.11 points

X

Briefly Airport shutdown THE Civil Aviation Authority of the Philippines (CAAP) on Tuesday suspended all commercial operations at Zamboanga International Airport amid heavy rains that flooded its runway.

In a statement, CAAP said it issued a NOTAM (notice to airman) from 9:00 am until 9:00 pm yesterday after continuous rain caused widespread flooding in the city.

CAAP said it will issue an advisory by 7:00 am on Wednesday if another NOTAM will be issued for that day.

“Passengers affected by said flight cancellations are advised to contact their respective airlines for flight schedules,” CAAP said.

S

By CARMELITO Q. FRANCISCO Correspondent

AFEGUARDS must be put in place to prevent generator set owners from colluding with one another when the Interim Mindanao Electricity Market (IMEM) is implemented next month, a ranking official of the Energy Regulatory Commission (ERC) told BusinessWeek Mindanao.

“ We m u s t b e a b l e to monitor t he ma rket, a lt houg h t h is is ha rd,” Francis Saturnino C. Juan, ERC executive director, said at the sidelines of a power industry orientation held in Pasig City last week.

Mr. Juan said that the regulatory body will have to discuss the safeguards market/PAGE 23

Page 13

10 M’nao power coops face ‘supply cut-off’

By GRACE BEBER, Reporter

AT l e a s t 10 e l e c t r i c cooperatives in Mindanao are in danger of being cut off from the grid for their rising liabilities ranging from alleged inefficiencies i n it s operat ions a nd management and nonpayment of accounts due, Energy Secretary Carlos Jericho L. Petilla said.

This after the government has intensified power supply disconnections of ailing cooperatives.

Albay Electric Cooperative (Aleco) and Camarines Sur Electric Cooperative III (Casureco III) were the first to be stricken off the grid by the National Grid Corporation of the Philippines (NGCP) due to unpaid bills.

Petilla hinted that next on the chopping block is the Northern Samar

Electric Cooperative Inc. (Norsamelco).

He stressed though that options are being explored – including plans for the National Electrification Administration (NEA) to invoke ‘step-in rights’ and for Norsamelco to be eventually offered for an investment management c ont r a c t (I MC) w it h power/PAGE 23

Oro Council backs solar energy as power source

ARMM Investors TWO large companies are set to put up a combined investments of P390 million in the Autonomous Region in Muslim Mindanao (ARMM) after getting the approval of the region’s board of investments.

L a Fr u t e r a , I n c ., a subsidiary of Unifrutti Group of Companies will invest P300 million for the expansion of 300 hectares Cavendish banana plantation in Pandag town in Maguindanao to increase its banana production by as much as 1.2 million boxes per year.

Accordingly, La Frutera wants to take advantage of the increasing demands for bananas in the global market particularly in China, Japan and the Middle East.

For Inquiries: Call or Text : (02) 577-3812

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IN-DEPTH

Anti-collusion limits eyed for spot market

PAGE 19

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BusinessWeek MINDANAO CREDIBLE

Kalilangan fest is Hall of Famer of DOT-ATOP’s Pearl Awards

By CRIS DIAZ of Mindanao News Daily

DAVAO POMELOS. A vendor arranges pomelos for display in Davao City on Oct. 5. mindanews photo by froilan gallardo

New power deal a boost to Mindanao

By LOVELY MAE CASENAS, Staff Member

THE country’s biggest power provider— Manila Electric Co. (Meralco)—has teamed up with Pangilinan-led First Metro Investment Corp. for a power venture that could help

address the supply shortage in Mindanao.

This after Meralco acquired a fifth of the power generation business of tycoon boost/PAGE 23

Mindanao Daily NEWS

THE City Council in Cagayan de Oro City has urged its committee on power and energy to study the cost of developing solar energy as the city’s major source of electricity.

City Councilor Teodolo Lao urged the city council to consider the adoption of solar energy to light up the city’s street in order to reduce cost of electric consumption.

Lao said that 75 percent of the total consumption of the city went to street lights. “It is time that the city

government to find ways for the conversion of street lights into energy power drives.

Lao cited Republic Act No. 9153, also known as the “Renewable Energy Act of 2003” which invokes the development of renewable energy resources such as, but not limited to, biomass, solar, wind, hydro, geothermal and ocean energy sources, including hybrid systems, to achieve energy self-reliance, t hroug h t he adopt ion of susta inable energ y solar/PAGE 23

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

Auto sales increased 8% in Sept

By Kris Crismundo

MANILA -– Units being sold i n t he automot ive industry have increased by eight percent in September, selling a total 14,764 units compared to August 2013’s sales of 13,700 units.

This is according to the joint report of Chamber of Automotive Manufacturers of t he Phi lippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) Wednesday.

“September starts the four “-ber” months ushering in the Philippines’ long holiday buying season that will peak in December. To support this buying trend, the past month saw not just several full new model introductions but new brand launches as well,” CAMPI President Rommel Gutierrez explained.

Commercia l vehicles posted the highest number of units sold with 9,628 units in September from

last month’s 8,578 units, an increase of 12.2 percent over a month.

Light commercia l vehicles follow with total units of 5,873 being sold in September versus August’s 5,028 units, surging 16.8 percent.

Passenger cars’ sa les slightly increased at 0.3 percent selling 5,136 units in September from 5,122 in August.

Asian utility vehicles and light trucks also increased their sales at 5.5 percent and 40 percent, respectively.

M e a nw h i l e , m a r k e t leaders in the automotive industr y for t he mont h of September are Toyota Motors Philippines Corp., Mitsubishi Motors Philippines Corp., Honda C a rs Ph i l ippi nes , Ford Motor Philippines, Isuzu Philippines Corporation.

(PNA)

Economy

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PAFC decision to accept or not opportunity to own minority share in AG&P project in Bataan hangs MANILA -- The government is being offered to have up to 10 percent stake in the 2,400-megawatt combined cycle gas turbine power plant project of Atlantic, Gulf and Pacific Manila Inc. (AG&P) in Bataan.

Philippine National Oil Co. Alternative Fuels Corp.

President Dante Canlas disclosed this to reporters at the sidelines of the three-day LNG supply, transport, and storage Philippines 2013 that started Tuesday in Manila.

“We have not made a decision. That would be made by PNOC,” he said.

PAFC is a subsidiar y of state-owned Philippine National Oil Co. (PNOC) and is formerly known as PNOC Petrochemical Development

Corporation (PPDC) until the amendment of its Articles of Incorporation in July 13, 2006.

It is ma nd ated to “e x pl or e , d e ve l o p a n d accelerate the utilization PAFC/PAGE 21

MANILA -- The Information a nd C om mu nicat ions Technology Office of the Depa r t ment of Science and Technolog y (DOSTICTO) on Monday said the ongoing U.S. government shutdown has “no impact” on

the flourishing Philippines Information Technolog y a nd Business Process Ma na gement (I T-BPM) industry.

This was ba red by Executive Director Monchito Ibrahim of the DOST-ICTO

in a press conference held Monday at the International Outsourcing Summit event at the Makati Shangri-La Hotel in Makati City.

At the press conference, CEO Jose Mari Mercado of the Information Technology

and Business Association of the Philippines (IBPAP) also reassured that the American government shutdown “will not impact us.”

Earlier, Mercado said the only potential problem shutdown/PAGE 21

U.S. gov’t shutdown has ‘no impact’ on PHL’s flourishing IT-BPM industry

UN urges coherent financing strategy to fuel sustainable development

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MULTI-TASKER

ACCOUNTING CLERK QUALIFICATIONS: 1. Graduate of a Commerce Degree (Preferably Accounting Major) 2. Male or Female 3. Not more than 30 years old 4. COMPUTER LITERATE 5. FLUENT IN WRITTEN AND ORAL COMMUNICATION 6. FLEXIBLE AND HARDWORKING 7. EXPERIENCE IS AN ADVANTAGE BUT NOT REQUIRED 8. STRONG ORGANIZATION SKILLS 9. ABILITY TO WORK INDEPENDENTLY AND UNDER PRESSURE 10. MULTI-TASKER

HEAVY DUTY TRUCK MECHANIC QUALIFICATIONS: 1. MALE 2. At least HIGH SCHOOL graduate 3. Preferred Certified TESDA NC2

UNITED NATIONS -- Top UN officials on Monday c a l l e d f o r a c o h e r e nt f ina ncing st rateg y to sustain global growth, while urging member states to fulfill pledges on official development assistance.

Addressing participants at the opening of the High-level Dialogue on Financing for Development, UN SecretaryG e ne r a l B a n K i-m o on encouraged all countries to fulfill their pledges and meet their development assistance targets.

For many developing c ou nt r i e s , he s a id , i n particular the most v u l nerable, pred ic t able levels of official development assistance (ODA) remain critical.

“A s t r on g f i n a nc i a l com m it ment to hu ma n solidarity today will improve prosperit y a nd securit y tomorrow,” he noted, calling for efforts which are firmly

rooted in “a sound financing strategy based on mutual accountability and shared responsibilities.”

The overa l l t heme of t he dia log ue is “The Monterrey Consensus, Doha Declaration on Financing for Development and related outcomes of major U N conferences and summits: status of implementation and tasks ahead.”

The Monterrey Consensus, adopted in that Mexican city in 2002, is a landmark partnership agreement for global development. It was followed in 2008 by the Doha Declaration, which emphasized the need to urgently meet the agreed ODA target of 0.7 percent of donor countries’ gross national income (GNI), and underscored the importance of strengthening the World Trade Organization (WTO) with special and differential urges/PAGE 21

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BT C Since 1966

Since 1 9 6 6

Bongbongon Kauswagan Cagayan de Oro City

4. AT LEAST 5 YEARS EXPERIENCE AS MECHANIC on IH, Japanese, European trucks 5. KNOWS HOW TO DRIVE 6. Not more than 40 years old 7. FLEXIBLE AND HARDWORKING 8. Willing to work extended time 9. MULTI-TASKER 10. STRONG ORGANIZATION SKILLS 11. ABILITY TO WORK UNDER PRESSURE

not more than 40 years old 8. Good physical condition 9. Good interpersonal skills 10. Willing to work extended time 11. FLEXIBLE AND HARDWORKING 12. Willing to be assigned anywhere in Mindanao 13. With good moral c haracter

LIGHT DUTY WELDER

QUALIFICATIONS: 1. College graduate 2. Male or Female 3. Minimum age 23 years old but not more than 30 years old 4. COMPUTER LITERATE 5. Willing to work extended time 6. FLUENT IN WRITTEN AND ORAL COMMUNICATION 7. FLEXIBLE AND HARDWORKING 8. Good interpersonal skills 9. Willing to be assigned anywhere in Mindanao 10. EXPERIENCE IS AN ADVANTAGE BUT NOT REQUIRED 11. STRONG ORGANIZATION SKILLS 12. ABILITY TO WORK INDEPENDENTLY AND UNDER PRESSURE 13. MULTI-TASKER

QUALIFICATIONS: 1. MALE 2. At least High Sc hool Graduate 3. Preferred Certified TESDA NC1 4. AT LEAST 2 YEARS EXPERIENCE as light duty welder 5. Not more than 40 years old 6. FLEXIBLE AND HARDWORKING 7. Willing to work extended time 8. MULTI-TASKER 9. STRONG ORGANIZATION SKILLS 10. ABILITY TO WORK UNDER PRESSURE

TANK TRUCK DRIVER QUALIFICATIONS: 1. MALE 2. At least High Sc hool Graduate 3. Valid Driver license with 1238 restriction 4. Driving Experience: a. Minimum of 2 years’ experience for HGV plus 2 years’ experience of articulated HGV. b. More than 2 years experience of articulated HGV 5. Good Driving history 6. Possess basic knowledge of vehicle maintenance 7. Minimum age 25 years old but

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THE GENERAL MANAGER BOLLOZOS TRUCKING CORP. CAGAYAN DE ORO CITY Email: lordilie.enjambre@gmail.com DEADLINE OF SUBMISSION IS ON:

10 OCTOBER 2013

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CorporateWorld

Iloilo’s Hercor College shines in Ajinomoto Visayas Showdown

COMING off its fresh victory in the inaugural Iloilo leg of the Ajinomoto Umami Culinary Challenge, Hercor College brushed aside the jitters accompanying a visiting team and grabbed a bit of the spotlight in the Ajinomoto Umami Culinary Challenge – Visayas 2013 (UCC-V 2013) last Sept. 21 at the SM City Cebu Trade Hall.

Hercor College lived up to its stature as Iloilo champion and turned up the heat on hometown-favorite International School for Hotel and Restaurant Management (ISHRM) as it proved to be more creative in maximizing the full potential and usage of the umami taste to win the Visayas Showdown for the Best Filipino Umami Dish.

The triumph landed Hercor College a berth in the national finals for the Best Filipino Umami Dish, which will be held in February next year during the 5th Ajinomoto Umami Culinary Challenge in Manila.

Expenses of the four-man Hercor College team to the national finals will be shouldered by Ajinomoto Philippines Corporation. Hercor College advanced to the Visayas Showdown after topping the Best Filipino Umami Dish category in the UCC-Iloilo last August.

Students of Benedicto College from Mandaue City, meanwhile, brought home the most-coveted Umami Bowl Award as it came out on top of the 20-team inter-school cooking competition after making the Top 3 in two of the three categories contested.

Benedicto College finished only second to ISHRM in the Best Filipino Umami Dish category but fashioned out the best “My Own Umami Creation” dish that propelled them to this year’s overall championship.

UCC-V 2012 overall champion University of Cebu – Marine Education Training Center came up short in its bid to defend the throne as it made the Top 3 only once, a third-place finish in the Best Filipino Umami Dish category.

Finishing second to Benedicto College in the My Own Umami Creation category was Cebu Institute of Technology – University, while Lapu-Lapu College settled for third.

In the Healthy Asian Umami Dish category, Cebu Technological University – Danao emerged No. 1, with Mandaue City College and Lapu-Lapu City College taking the second and third places, respectively.

The Ajinomoto Umami Culinary Challenge is an shines/PAGE 21

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Editor : Neslon Constantino , e-mail- nelconstant@gmail.com

Car sales up 15% in September CAR companies belonging to t wo indust r y g roups closed the third quarter with double-digit increase in sales.

In a report released today, the Chamber of Automotive Ma nu fac t u rers of t he Philippines Inc (Campi) and the Truck Manufacturers Association (TMA) said sales of their members last month totaled 14,764 units, or 14.8-percent more than the 12,857 sold in September last year.

September sales were up 7.8 percent from the 13,700 in August when heavy monsoon sales/PAGE 21

Red Cross, DHL join hands for community volunteerism DHL Express (Philippines) Corporation in partnership with the Philippine Red Cross, recently launched the Global Volunteer Day. The day-long line-up of activities included a blood donation activity, pack ing of relief bags for distribution to communities affected by the recent f loods, clean up and preparation of classrooms for the new school year in support of t he Depa r t ment of E du c at ion’s “Br i g a d a Eskwela”, and the donation of vegetable seedlings and seed packets for the benefit red cross/PAGE 21

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AgriBusiness BAS data shows PH rice stocks good for 46 days

thursday | October 10, 2013

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Editor : Nelson Constantino , e-mail- nelconstant@gmail.com

THE country’s total rice inventory as of September 1 reached 1.53 million metric tons (MMT) which would be good for 46 days, the Bureau of Agricultural Statistics (Bas) said in its monthly report.

R ice inventor y as of September 1 was 6.1 percent higher than last year’s record of 1.44 MMT. Of the rice inventory, the National Food Authority (NFA) accounted for 32.4 percent. NFA depositories had 500,000 metric tons (MT) of milled rice.

Households accounted for 35 percent of rice stocks, or 540,000 MT in September.

T he rema i n i ng 32 . 6 p e rc e nt of r ic e s to c k s were held by commercial warehouses, the Bas said.

“Compared with the 2012 records, this year’s stock levels in the households and commercial warehouses were higher by 1.3 percent and 27.2 percent, respectively. On the other hand, stocks in NFA depositories decreased by 4.8 percent,” the Bas report read.

The attached agency of the Department of Agriculture said that compared with the previous month’s level, rice stocks in the households

Workers from the National Food Authority are arranging sacks of rice in the agency’s warehouse in Taguig. The country’s rice inventory as of September 1 reached 1.53 million metric tons.

and commercial warehouses decreased by 15.9 percent and 14.7 percent, respectively.

“In NFA depositories, volume of stocks, of which 41.5 percent were imported rice, was also lower by 22.2 percent,” the Bas report read.

Meanwhile, the Bas said total corn stock inventory as of September 1 was estimated at 267,400 MT. This is 30.1 percent higher than last year’s record of 205,500 MT. “About 62.5 percent of September’s inventory was rice/PAGE 21

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PCA, PCIC ink deal on insurance coverage for coconut farmers

THE Philippine Coconut Authority (PCA) has signed an accord with the Philippine Crop Insurance Corp. (PCIC) to provide insurance coverage to small coconut farmers.

PCA Administrator Euclides Forbes said it hopes the agreement with PCIC will also enhance credit access for small coconut farmers.

In addition to facilitating agricultural production and agri-enterprise credit as well as microfinance for Small Coconut Farmers Organizations (SCFOs), PCA proposed to insure 500,000 farmers of various organizations next year.

PCA will also allocate funds for the premium insurance cost, particularly for the Term Insurance Package-Accident and Dismemberment Security Scheme (ADSS) of the farmers.

The attached agency of the Department of Agriculture (DA) said it will insure their assets and projects, including all PCA buildings, research centers, training centers, seedling nurseries and plantations of SCFOs and farmers.

For its part, PCIC also committed to support the following PCA programs: rehabilitation through fertilization; national coconut planting and replanting; maintenance of farmers/PAGE 21

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Banking&Finance

SSS bonuses ‘above board’ THE agenc y in charge of over s e ei ng gover n ment ow ned or control led c or p or at ion s (G O C C S) said the P1 million bonus re c eive d by e ac h b oa rd member of state-r u n S o c i a l S e c u r it y Sy s tem (S S S) i s a b ove b oa rd .

Paolo Salvosa, spokesperson of the Governance Commission for G O C C s (G C G), s a i d t h e b o nu s e s w e r e in accorda nce to law and were at par w it h c omp en s at ion f rom t he pr iv ate s e c tor.

“The performancebased i ncent ive is a tool for motivating the entire work force. As long as they meet their scorecard t h e n t h e y a r e e nt i t l e d to t heir performance i nc ent ive ,” S a lvos a s a id i n a s t ud io i nter v ie w at G o o d Mor n i ng C lub.

A number of employees of the state pension fund ea rlier ra ised a howl a f ter le a r n i ng t hat e ach b o a rd memb er re c eive d about P1 m i l l ion i n bonuses. T his was on top of t he P4 0, 0 0 0 p er d iem a l lowa nce ever y meet ing, which happens t w ic e a mont h .

Rank-and-file employees received a b onu s e qu iv a lent to 2 . 5 percent of t heir mont hly sa lar y if t hey belong t o t h e t o p 10 p e r c e n t p er for mer s , a nd 1. 2-1. 5

percent to the 80 percent.

Susie Buga nte, SSS v ice president for public a f f a i r s , s a id 9 0 p erc ent of t he ent ire pension fund ’s work force already re c eive d t hei r b onu s e s , with P276 million already d i s bu r s e d .

Bugante said SSS needs “to compete w it h t he private sec tor i n get t i ng p e ople w it h s k i l l s .”

Salvosa said the per for ma nce bonus of GOCCs off icials and employees was i n l i ne w it h R e pu bl ic Ac t No. 1014 9 o r t h e G O C C Governa nce Act of 2011, and with Executive Order No. 2 4 . “ T h i s i s to c ome up w it h a system t hat is competitive w it h t he pr iv ate s e c tor,” he s a id .

Cit i ng a GCG su r vey, Salvosa said some private f i r ms pay as much as P1 2 4 , 0 0 0 p e r m e e t i n g to t heir boa rd members.

“Yu ng s a G O C C s ay nasa gitna. Kata mta ma n lang. It’s not higher than t h e pr i v a t e s e c t or,” h e s a id .

GOCC officials before the Aquino administration may have got ten more , he s a id .

“They have a lot of things like stock options, retainer fees and ot hers t hat were la rgely u n reg u lated before (R A 10149),” S a lvos a s a id .

Mindanao Daily 17 NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

Editor : Nelson Constantino , e-mail- nelconstant@gmail.com

PNB to raise money through sale of negotiable instruments AFTER last August’s fundraiser, Lucio Tanowned Philippine National Bank (PNB) has returned to the debt market, again borrowing five-and-a-half-year money to finance the lender’s expansion.

In a statement, HSBC said PNB has begun offering a new tranche of long-term negotiable certificates of deposit (LTNCDs) that will mature in five-and-a-half years. The IOUs promise to yield between three and 3.25 percent, with the coupon finalized during the offer period, which starts today and ends on October 16.

LTNCDs are a cheap source of funds for banks. For investors, these instruments make periodic coupon or

interest payment during the life of the deposit, with the face value of the certificate paid in full upon maturity.

They are covered by state-run Philippine Deposit Insurance Corporation up to a maximum of P500,000 per depositor.

According to HSBC, PNB’s new tranche of LTNCDs will pay interest every quarter and will be tax-exempt if held for at least five years. PNB will sell the certificates at a minimum denomination of P500,000,

with increments of P100,000 thereafter. “ T he proceeds f rom the issuance will continue to support PNB’s business expansion plans, and shore up its source of longer term

funding,” said HSBC, which is the book runner and selling agent for the transaction.

The fresh LTNCD sale comes two months after a similar issuance that raised P5 billion for PNB.

THE Bangko Sentral ng Pilipinas (BSP) shrugged off concerns of a bubble in the Philippine real estate market on the back of a favorable economic and market environment.

Speaking to participants of the BDO-The Asset Real Estate Forum on Wednesday, B SP D e put y G ove r nor Diwa C. Gunigundo said the central bank has put in place tighter standards and stricter oversight on financial institutions’ exposure to the real estate sector.

“I n t he Ph i l ippi nes , there’s no definitive evidence of property asset bubbles as increases in property prices a nd dema nd a re fundamentally supported by economic and market conditions,” Gunigundo said.

He said Philippine real estate prices, considered one of the cheapest in Asia, remain stable, supported by the business process outsourcing (BPO) industry, on strong demand for office spaces. Rental rate growth continues to be “benign”

as vacancy rates stabilize, while the residential segment posted only a “marginal” uptick in the first half of 2013, Guinigundo said.

Likewise, the recent string of credit ratings upgrade to investment grade, the latest of which was from Moody’s Investor Services, will benefit the industry and fuel demand for office and commercial spaces in the next few years, he added.

Aside from the robust BPO industry and strong remittances, the accelerated

expansion of the Philippine economy from the average rate of 4-5 percent to 6-7 perc ent c a n be la rgely attributed to the real estate and construction sectors, said BDO president Nestor Tan. The Philippine economy expanded by 7.6 percent in the first half to remain one of Asia’s fastest-growing.

“We can expect to grow in the very robust way without the risk of overheating. We have a very good convergence prices/PAGE 19

More room for asset prices to go up, BSP governor says

Sci-Tech

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4-legged U.S. robot taken for test-gallop WASHINGTON – It sounds like a motor scooter, looks like a metallic wasp that stands on large matchstick legs, and puffs out blue smoke when it gets going: it’s the WildCat, the latest robot developed for the military

by U.S. company Boston Dynamics, and if it doesn’t scare the heeby-geebies out of you, it will probably amaze you as it outruns and outmaneuvers you on rough terrain.

In a test run, WildCat clocked about 16 miles per hour (26 k ilometers per hour) on flat terrain using bounding and galloping gaits. The robot is so new that Boston Dynamics has not yet added information about it to the company’s website, but a video clip, showing the new ‘bot during a test-run in a Massachusetts parking lot, which some locals will insist is rough terrain, was posted several days ago on YouTube.

Boston D y na m ic s is developing the WildCat w it h f u nd i ng f rom t he

Defense Advanced Research Projects Agency’s (DARPA) Ma ximum Mobility and Manipulation (M3) program.

One of the main goals that DARPA, which is part of the U.S. Defense Department, gives developers who work on the M3 program is to develop robots that are able to operate i n toug h env i ron ments si m i la r to t hose where military personnel often find themselves.

WildCat looks like it could be the offspring of two other robots in the Boston Dynamics stable: BigDog, which walks, runs, climbs

Boston Dynamics’ quadruped robot, Cheetah, hitting speeds of 29 mph on a treadmill.

Unlike Cheetah, which needed a tether to stay on the treadmill, WildCat is autonomous.

In addition to its fourle g ge d r o b ot s , B o s t on

Dynamics has invented a small, wheeled robot that leaps onto t he roof tops of buildings with a single bound, and a humanoid robot called Atlas that can

walk across challenging terrain and stay upright, even when standing on one leg and being hit from the side by a 20-pound (9 kilogram) weight.(PNA/RIA Novosti)

one of the most important questions of contemporary astrophysics and indeed of great interest to the general public: Are there other habitable planets near Earth, and is there any evidence that they are indeed inhabited?” said Professor Jeffrey Linsky of the University of Colorado at Boulder.

“The authors of this paper make an important point regarding the conf idence we could have in the detection of O2 simultaneously with H2O and CO2, as a biosignature in the spectrum of an Earth- like exoplanet around an M star,” said Alain Leger of the Institute d’Astrophysique Spatiale at University Paris XI, France.

The researchers, however, said the work requires further confirmation by other scientists.

“This is somewhat sending the cat among the pigeons in our confidence in the O2, H2O, and CO2 biosignature, but in a limited way. It concerns only M stars and the presence of O2 in small amounts,” Leger said. (PNA/Xinhua)

WASHINGTON – Scientists in the United States have taken a major step towards replicating the process that powers the sun, coming closer than ever to achieving selfsustaining nuclear fusion which generates more energy than it consumes, BBC News reported this week.

In an experiment last mont h at t he Nat iona l Ignition Facility (NIF) in California, according to the report, researchers used 192 beams from the most powerful laser in the world to heat a tiny metal cylinder containing hydrogen fuel in order to incite nuclear fusion, often described as the “holy grail” of energy production.

T he ex per i ment d id not generate more energy than the lasers supplied -- a threshold known as “ignition” -- but did result in the release of more energy

than was absorbed by the fuel, BBC News reported.

T he ex per i ment is de s c r ib e d a s t he mo s t important achievement in recent years in the drive for nuclear fusion, according to the report, a process touted as having the potential to provide almost limitless supplies of clean, safe and sustainable energy without the downsides of nuclear power produced by fission.

Today’s nuclear power plants produce energy by splitting apart the heav y atoms of u ra n iu m f uel -- fission -- while fusion reactors fuse together atoms.

Unlike nuclear-fission power plants, fusion reactors do not produce high-level radioactive waste.

The initiative is being led by the U.S. Department o f E n e r g y ’s L a w r e n c e energy/PAGE 23

and carries heav y loads on rough terrain, and the Cheetah, which last year clocked 28.3 miles per hour (45.5 kilometers per hour) on a treadmill.

scientists come closer Life harder to find on exoplanets U.S. to achieving ‘holy grail’ than previously thought: study of energy production WASHINGTON -- Finding life on exoplanets, or planets outside the solar system, may be more difficult than people thought, researchers from China, the United States and Argentina said Monday.

Current efforts to find a second Earth focus on so-called M dwarfs or red dwarfs, stars that are smaller than the Sun but make up more than 75 percent of the stars in the solar neighborhood. High levels of atmospheric oxygen are considered the most promising indicator for life on exoplanets.

However, recent observations of several planet-hosting M dwarfs showed that the ultraviolet (UV) properties of these small stars are quite different from those of the Sun, which could further complicate the search for alien life, the researchers said at a meeting of the American Astronomical Society Division for Planetary Sciences in Denver.

Using the observed UV spectrum

of the M dwarf star GJ 876, Feng Tian, professor at Tsinghua University, and his U.S. and Argentine colleagues have shown that the atmosphere of a hypothetical habitable planet around the star could build up significant levels of oxygen even in the absence of life.

“In this case, the atmosphere of a lifeless planet can be close to that of the Earth’s 2.2 billion years ago, after the so called Great Oxidation Event in Earth’s geological history,” Tian said in a statement.

In his new report, Tian further studied Earth-mass planets using the UV spectra of four other M dwarfs, including GJ 667C which contains three potentially habitable planets.

These studies provided further support to their previous conclusion: “Before we can claim the discovery of life on exoplanets, we have to examine the stars harboring these planets more carefully.”

“Prof. Feng Tian’s research addresses

China to test its autonomous underwater vehicle

This technological prowess was made possible by the development of a “simplified artificial brain” that reproduces certain types of so-called “recurrent” connections observed in the human brain. phys .org

BEIJING -- China will test an autonomous underwater vehicle in the country’s latest scientific expedition in the eastern Pacific, the State Oceanic Administration said on Tuesday.

The Chinese research vessel, “Haiyang-6,” lef t Honolulu, Hawaii, on Oct. 8 for its trial mission, the administration said in a statement.

It will be a trial run for the vehicle and the first time an autonomous underwater vehicle developed by Chinese scientists will be used, the statement said.

The autonomous under water vehicle, a robot that can travel 6,000 meters beneath the sea’s surface, is the latest major achievement i n Chi na’s oceanic technologies, the statement said.

China has a lready developed its own manned submersible and remotely operated under water vehicle.

The manned submersible “Jiaolong” set a record in June 2012 by reaching 7,062 meters deep in the Pacific Ocean’s Mariana Trench.

(PNA/Xinhua)

Tourism

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‘City of Dreams’ project to promote PHL as prime tourist destination MANILA -- Following its success in Macau, a casino resort developer is bringing “City of Dreams” branded integrated resort in the Philippines as it aims to make the country a leading leisure and tourism destination in the region.

Listed Melco Crown (Philippines) Resorts Corp. on Wednesday announced that its new integrated casino resort at Entertainment City in Manila will be branded “City of Dreams Manila”.

This is the namesake of its parent company Melco Crown Entertainment Limited’s world-class f lagship integrated resort in Macau.

City of Dreams Macau resort has been a major catalyst in helping the city establishes itself as one of the leading entertainment and tourism destinations in Asia.

Melco Crown Philippines also bared

it is increasing its investments from $ 620 million to $ 680 million to expand the Manila project.

Set to open around the middle of 2014, City of Dreams Manila will already include a 260-room Crown Towers Hotel, a luxurious, premium hotel brand.

This will add to the brand’s current locations –Crown Towers hotel at Crown Melbourne, Australia and the Forbes Five Star Crown Towers hotel at City of Dreams in Macau. “(Our) decision to introduce the exclusive and luxurious Crown Towers hotel brand to City of Dreams Manila further illustrates the commitment in expanding the premium and high end gaming market in the Philippines, a valuable market that Manila is comparatively missing out on,” said James Packer, cochairman of Melco Crown Entertainment.

As a result of regulatory revisions enacted by the Philippine Amusement and Gaming Corp. (PAGCOR) increasing the allowable gaming positions, Manila’s integrated casino resort is now anticipated operate up to 365 gaming tables, 1,680 slot machines and 1,680 electronic table games upon opening.

“We strongly believe this favorable policy revision would further differentiate us apart from our competition and make City of Dreams Manila an internationally competitive leisure and tourism proposition which will cater to the fast growing Asian middle class,” said Melco Crown Philippines Chairman and President Clarence Chung.

C hu ng s a id t he de velopment of the integrated casino resort project is progressing.

He expects the project will play a key

role in further enhancing the Philippines as a leading leisure and tourism destination in the region.

L aw rence Ho, C o- Cha i r ma n a nd Chief Executive Officer of Melco Crown Entertainment, said the casino resort will provide visitors with an exceptional worldclass gaming and entertainment experience.

“I am confident that City of Dreams Manila will be the pride of the leisure and entertainment industry here in the Philippines,” he said.

City of Dreams Manila is being developed and to be operated by Melco Crown (Philippines) Resorts Corp. in alliance with SM Group’s Belle Corporation.

Upon completion, the 6.2-hectare resort complex will provide visitors with an entertainment, hotel, retail and dining and lifestyle experiences. (PNA)

‘MassKara by the Sea’ Kalilangan fest is Hall of Famer BACOLOD CITY -- The MassKara Festiva l 2013 will showcase a spectacle when the sea water facing the Guimaras Island will be taken over by an array of lighted f luvial boats in MassKara motifs Wednesday night.

After the daily Rosary meditation which ends at 6 p.m., the lighted boats of the city’s 12 coastal barangays will dock at the Baywalk area for the first MOR 101.5 Kapamilya MassKara by the Sea: Night Boat Parade a n d Fa nt a s y C o s t u m e Competition.

Tw e nt y e nt r i e s a r e participating in the Fantasy Costume Competition which will take place at the Baywalk grounds.

“MassKara by the Sea is one of the innovations of the MassKara Festival. For the first time, we have gathered our coastal barangays to participate in the celebration,” festival director Rhoderick Samonte said.

Along the Baywalk area, fireworks will also dazzle spectators.

From 8 a.m. to 5 p.m.

Wednesday, the construction workers group will gather at the Bacolod plaza for various activities that will be highlighted by construction related xhibition at the BAYS Center.

GMA Kapuso Network t h r ou g h t he i r K a pu s o Barangayan will also hold prog r a m s at B a r a ngay Mansilingan. (PNA)

Malay town to start construction of Boracay bridge in 2014

BORACAY ISLAND -- The municipal government of Malay, Aklan is bent on starting the construction of the Boracay bridge next year.

Officials of Malay said the proposed bridge will be built between the Tabon Port in Barangay Caticlan and Tambisaan Port in Barangay Manoc- Manoc in Boracay.

However, because of limited funding, the local government hopes to construct the bridge gradually depending on fund availability.

The plan to construct a bridge for Boracay is considered a priority project of the Municipal Planning and Development Office.

Local officials said they have already started to put structures at the Tabon Port as part of the preparation for the bridge construction.

The Tabon Port is being used as an alternative jump off from Caticlan going to Tambisaan Port during the monsoon season.

Environmental advocates and tourism officials have expressed opposition to the bridge project. (PNA)

Prices... from page 17

of high economic growth with low and stable inflation. Indeed, the potential capacity of economy has gone up supported by significant gains in total productivity and economic efficiency,” Gunigundo said.

The BSP has yet to impose any form of capital control in response to the surge of foreign capital inflows, Gunigundo said, adding that the central bank has undertaken fine-tuning of policy instruments to enhance effectiveness of its toolkit.

He said the central bank also continues to ramp up monitoring of

various asset markets to prevent imbalances.

The BSP has also established various macro - prudential regulations, including the imposition of ceilings on real estate loans and tighter monitoring of banks’ real estate exposure.

“The positive transformation of the Philippine economy was a result of a long history of structural reforms and careful macroeconomic management.

These reforms, while painful and difficult at times, have built a solid base to which the economy was able to prosper and will play a sign role in propelling the economy to more sustainable and inclusive growth,” Gunigundo said.

of DOT-ATOP’s Pearl Awards

GENERAL SANTOS CITY -- The city’s famed Kalilangan Festival has been elevated to the Hall of Fame of the annual Pearl Awards for best tourism practices after it was adjudged anew as the country’s best culture and arts tourism event for this year.

Abdurrahman Canacan, Chancellor of the Mindanao State University (MSU)General Santos campus, s a id Tue sd ay t he e vent received t he prestigious award for the third straight year during the 2013 Pearl Awards held last week in Legazpi City.

T h e P e a r l Aw a r d s , which mainly recognizes

the country’s top tourism events and best practices, is a project of the Association of Tourism Officers of the Philippines (ATOP) and the Depar t ment of Tourism (DOT).

The annual Kalilangan Festival, which is held every last week of February, is managed by MSU General Santos.

Considered as the city’s banner festivity, the event was adjudged as the country’s best culture and arts tourism event in the 2011 and 2012 editions of the Pearl Awards.

Canacan said the event clinched this year’s top award after getting positive reviews from the ATOP and the DOT. As part of the search, university officials earlier presented the event to a team of evaluators that visited the city.

“They were impressed with the overall presentation of the event, its objectives and goals,” Canacan said in an interview over a local television station.

Derived from the root word “kalilang,” which means celebration or commemoration in the Maguindanaon dialect, Kalilangan Festival mainly showcases the city’s history,

artistry, cultural heritage and tourism potentials.

The festivities coincide with the city’s foundation anniversary

celebration.

Canacan said the event mainly recognizes the efforts of various sectors in the city,

especially its founders or pioneers, in its development from a coastal settlement around seven decades ago to its present status as a highly-urbanized locality.

“Through the festival, we’re also helping the city government achieve its goals to create an environment that allows the area’s tri-peoples – Lumads, Christians and Moros or Muslims -- to live or coexist peacefully,” he said.

In the last three years, the official said the university has been working on introducing showcases that would highlight the city’s traditions and culture in the wake of the area’s fast-paced development.

This early, Canacan said they have started the initial preparations for next year’s event, which will also be the city’s 75th foundation anniversary celebration. (PNA)

20 Mindanao Daily NEWS

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PAFC... from page 14

and commercialization of alternative fuels in the country” and pursue the development, operation, and management of the 530-hectare PAFC Industrial Park in Bataan.

Canlas said PAFC has signed a supplement interim lease agreement with AG&P which provides for an exclusive contract for the project.

AG&P, in an earlier report of the Department of Energy (DOE), is considering to start the testing and commissioning of the first of the two-unit power plant that has a capacity of 1,200MW by October 2016 and the other unit by October 2018.

Canlas said he does not know when AG&P will start the construction of the power plant “because it’s a private sector decision” but said that the private company has finished conducting the project’s feasibility and development studies and has received its certificate of conformance.

Relatively, Canlas said they have allocated 250 hectares for the power plant project but only 92 hectares are available to date because of the presence of some informal dwellers.

He said they are now doing surveys and negotiating with the illegal settlers for the latter’s relocation.

“This is part of our masterplan…to secure affordable as well as environmentally friendly type of energy,” he added. (Joann Santiago/PNA)

Shutdown... from page 14

that could be brought by the shutdown is the possible reduction of call volumes.

During the International Outsourcing Summit, government officials and global market leaders shared insights and success of the local IT-BPM industry.

For the past five years, the IT-BPM industry has provided about 300,000 jobs and one million indirect jobs, which contributed about 4-5 percent to the country’s annual gross domestic product (GDP).

Since 2006, the IT-BPM industry has grown rapidly with an average of 30 percent annually until 2012, largely due to the joint efforts of the IBPAP and the DOST-ICTO. Mercado expressed gratitude to the Philippine government’s “very quick” response and support to the development and rise of the IT-BPM industry.

The Philippines remains one of the leading IT-BPM locations around the world because of its distinct characteristics namely: our global champion voice sector (currently the Philippines is #1), our large and skilled Englishspeaking workforce, and our strong cultural affinity with the U.S. The nex t g oal of t he Philippine government and the IBPAP is to make the industry earn US$ 25 billion in revenues and employ 1.3 million Filipinos directly, and 3.2 million indirectly by 2016.

If these goals are reached, the IBPAP said the IT-BPM industry will then contribute to up to 8 percent of the Philippine GDP.

Mercado said we have enough graduates to populate the industry, “we just have to make sure they have the skills.”

Presently, Ibrahim said I B PA P a n d D O S T- I C T O are continuing their IT-BPM educational programs with the Technical Education and Skills Development Authority (TESDA), Commission on Higher Education (CHED) together with the state universities and colleges to produce the industry’s manpower demand.

Ibrahim said they will offer more IT-BPM related courses and include it on the Grades 11 and 12 curriculum “by next year.” (PNA)

Urges... from page 14

treatment for developing countries.

The current ODA is around 0.31 percent of national income o f d eve l o p e d c o u n t r i e s , according to UN figures.

In his remarks, Ban also emphasized the private sector’s vital role in financing and investing for a more sustainable and prosperous world.

“International public finance will not be sufficient to build a m o re s u s t a i na b l e a n d prosperous world,” he said.

“Financing and investment from the private sector will play an increasingly vital role.”

Also addressing participants, president of the General Assembly, John Ashe urged the international community to accelerate efforts to mobilize financial resources.

“Financing for development is the elixir the lifeblood, if you like that we need,” Ashe said, voicing concerns over the decline in ODA. The post-2015 Development Agenda will require a coherent financing strategy for its implementation. It therefore follows that such a strategy will need to build on existing international agreements and its successful implementation will need global cooperation in the form of multi-stakeholder partnerships among governments, the private sector, and civil society, he said.

“New and innovative sources of financing will be needed to supplement traditional ODA, and South-South cooperation will need to be further enhanced as a complement to North-South and Triangular Cooperation, in order to provide greater opportunities for sustained economic growth,” he added.

The two-day event consists of a series of plenary meetings where ministers and high-level officials are making formal statements on behalf of their countries. It focuses on the link between financing for development and achieving the Millennium Development Goals (MDGs) and advancing the post-2015 agenda.(PNA/ Xinhua)

Sales... from page 15

rains and floods cut short the number of days for making a sale.

“September star ts the four ‘ber’ months ushering in the Philippines’ long holiday buying season that will peak in December. To support this buying trend, the past month

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saw not just several full model introductions but new brand launches as well,” Campi president Rommel T. Gutierrez said in a statement.

During the fourth quarter, “consumers can expect bigger promotional packages as companies try to reach and even exceed their respective targets,” Gutierrez said.

Last month, 5,136 passenger cars were sold, a third more than the 3,844 in the same month last year. Sales of commercial vehicles meanwhile increased 6.8 percent to 9,628 from 9,013 last year.

Last month’s performance brought January to September sales to 131,381, or almost a fifth more than the 111,582 sold in the same nine-month period last year. Sales of Campi and TMA members account for about 85 percent of the vehicles sold in the country.

The industr y is aiming to sell a record 210,0 0 0 vehicles this year. The 2013 target includes sales of the Association of Vehicle Importers and Distributors Inc (AVID), which releases a separate sales report.

Among the at least 17 companies belonging to Campi and TMA, Toyota Motor Philippines Corporation sold the most number of vehicles at 53,570 in the first nine months of the year. Mitsubishi Motors Philippines Corporation sold 31,306 units, while Honda Cars Philippines Inc sold 10,536.

Shines... from page 15

inter-school cooking competition focusing on umami as the fifth basic taste.

Competing students in each category were given an hour to prepare and cook their dishes before presenting them to the panel of judges made up of chefs Dietmar Dietrich, Raki Urbina, Erling Rune, Sau del Rosario, and Ma. Lourdes Caudal, food and wine connoisseur Joel del Prado, writers Aissa dela Cruz and Edith Singian, and restaurateur Dr. Alfredo Malasomma.

Carenderia owners, food lovers, guests and the general public feasted on the snacks and drinks offered by the sponsors and learned new cooking and marketing skills from the informative seminars conducted by experts during the whole-day UCC-V 2013 affair.

Resident chef Russel R. Bautista, Food and Nutrition Manager of Ajinomoto Philippines Corporation (APC), is the UCC-V Project Head, while Competition Director is culinary expert and cookbook author Nancy ReyesLumen.

The UCC-V is organized by APC, an affiliate of Ajinomoto Co. Inc. of Tokyo, Japan. The Ajinomoto Group is committed to safety and reliability and places importance on promoting “Food and Health” around the world through its innovative technologies derived from amino acids.

Established in 1958, APC lives by its promise to provide consumer products that will always make healthy and nutritious meals deliciously tasteful as embodied in the corporation’s new slogan: “Eat Well, Live Well.”

Products of APC include AJINO-MOTO® Umami Seasoning, Aji-Ginisa™ Flavor Seasoning

Mix, Crispy Fry™ Breading Mix, Crispy Fry™ Seasoned Crumbs, Tasty Boy™ All Purpose Breading Mix, Aji Sinigang™, AjiShio Seasoning Mix, So-Quick Marinade Mix, Ajinomoto® Brand Chicken Powder, and Fres-C® Powdered Juice Drink.

Red Cross...

from page 15 of the Philippine National Red Cross and the West Rembo Elementary School, respectively.

“This partnership is very important to us because it will help us reach out to people in need especially in times of disasters.

These relief goods will come in handy when we have to respond to calamities,” said Bernadette Villafuerte, Philippine Red Cross Volunteer.

“Our partnership with DHL is very important to us and to the community we serve,” she said.

Rice...

from page 16

with the households and 33.8 percent were with the commercial warehouses.

The NFA depositories accounted for 3.7 percent of the current stock level,” the Bas report read.

Compared with last year’s levels, stocks in all sectors also went up. Household stock grew by 24.3 percent and those in commercial warehouses by 27.5 percent. Those in NFA depositories increased to 10,000 MT this year.

Household stocks pegged at 167,100 MT was higher by 223.2 percent, while those in NFA depositories was 85.2 percent higher compared to the previous month’s stock level.

Farmers... from page 16

coconut seed farms and seed gardens; farm diversification and intercropping and the Kasaganahan sa Niyugan ay Kaunlaran ng Bayan (Kaanib).

It also vowed to support research and development and regulatory services under the Coconut Industry Development Roadmap.

Forbes said the accord with PCIC addresses the vulnerability of SCFOs to extreme weather events caused by climate change.

He added that crop insurance will protect the farmers against losses due to pest and disease infestations and natural calamities.

Forbes stressed PCA is committed as well to develop a sustainable and globally competitive coconut industry.

Aside from ensuring financial protection for the coconut farmers, the agreement with PCIC is also designed to improve agricultural productivity.

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Dingdong Dantes shares why Marian Rivera is ‘The One’: ‘She’s seen me at my worst’ In his latest movie project w it h Star Cinema She’s The One, Dingdong Dantes revea led he w i l l play a d i f ferent k i nd of role.

“Kumbaga sa tema pa lang, magkaiba siya dahil yung nakaraang dalawang pelikula ay seryoso at mabigat, minsan may pagka-horror pa. Eto naman ay isang light love story, a romantic-comedy so it’s something different para sa akin na isang bagay na gustong gusto ko rin gawin,” he said of his roles

in Metro Manila Film Fest films One More Try and Segunda Mano.

The 33-year-old actor said working with Bea Alonzo and the entire production was a positive experience for him.

“Sabi ko nga pagdating ko pa lang sa set, it’s the whole troupe from the director hanggang sa mga kasama namin, especially of course kay Bea, naramdaman ko na they were very generous in terms of yung pagbibigay ng sarili niya kasi minsan yun

clifford’s

Daily HOROSCOPE AQUARIUS (January 20 – February 18) - You’ve hit on a new idea that is working really well -- so take it as far as it can go. You may want to expand into a new arena at work or in a passion of yours.

Make it work for you!

PISCES (February 19 – March 20) - You’re feeling a little riled up over an issue that didn’t seem to matter at all just yesterday. It’s a good time to let the other side have it, but you shouldn’t expect to change very many minds.

ARIES (March 21 – April 19) - Your independent mind is arriving at new ideas at great speed today -- but there’s no need to share them just yet! Your energy is better spent on brainstorming and recording your best and hottest plans.

TAURUS (April 20 – May 20) - Your financial mind is activated now -- so make the most of it while you can! Maybe you just need to catch up on bills, but it may be time to make serious plans for your retirement.

GEMINI (May 21 – June 21) - You and a friend or business partner are working well together -- your energies are in perfect sync! Now is a good time to move forward on big joint projects or to start new things together.

CANCER (June 22 – July 22) - Your devotion to a person or cause is obvious today -- and you may score some easy points just by doing what you want to do. It’s a good time for you to push yourself more intensely.

ang kailangan para maging kampante ang isang tao kasi pag meron kang ilang factor yun ang medyo delikado,” he shared.

P ut t i n g t o re s t t he rumors saying that Marian Rivera had issues over his on s c re en pa i r i ng w it h Bea, Dingdong said on the contrary, his girlfriend was very supportive of his project.

“We’re very thankful to our respective partners for giving us support. It makes life easier for us. Even before

we shot nagkita na sila ni Bea. She was happy for my project. Alam naman niya yung kuwento and sino ba namang hindi matutuwa sa kuwento dahil siguro all of us once in our lives meron tayong ganitong k laseng storya,” he revealed. In She’s The One, he plays the role of a man who does not realize he has feelings for his best friend played by Bea. Dingdong said he can relate to the movie in a showbiz/PAGE 23

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tackle throw toss touch down down train uppercut slice slide smash

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HERO REVIEW K U N K K A t he A DM I R A L i s a ver s at i l e melee Strength hero built with an arsenal of powerful area-of-effect spells. Two of his active spells are nukes that have long reaction time, but can disable and disrupt the enemies' position. He is mostly played as a carry or an initiator or even a spell nuker. He is known for his Tidebringer sword, which magically gives him the ability to cleave a large area around him on his attack with heavy potential damage on his next attack, which refreshes at a given period of time. Torrent calls upon the element of water to rise and burst out, dealing damage, disabling them up high, and slowing them on impact. There's a delay on this skill before it activates, so Kunkka must be wise in using this ability. X Marks the Spot targets any hero or Admiral himself to be marked on their current position, and after a few seconds delay, instantly returns to the marked spot.

Useful in set t ing up tr icky spel ls, escape prevention, or even saving allies, X Marks the Spot makes the Admiral a great battle strategist. His ultimate lets him summon a Ghost Ship, which travels on ground, until it crashes a set distance away, stunning and

Melee - Disabler - Initiator Carry - Durable damaging enemy armies on that location. The Ghost Ship also bolsters allies with Kunkka's Rum, granting them bonus movement speed and numbness to damage. Ghost Ship is difficult to land, due to the fixed distance of its cast point and the crash site of the ship. However, a good Ghost Ship absolutely cripples an enemy team. Capable of inf licting high burst damage with his spells, controlling their position while able to survive the mayhem when his spells are used properly, Kunkka is a mighty offensive team fighter, built with strong physical and magical damage output, who can indeed turn the tide of a battle.

SUDOKU How to play the game?

Fill in completely every rows, columns and diagonals of each puzzle without repitition

of the same digit.

Yesterday’s Answer

LEO (July 23 – August 22) - Your romantic side is energized today, so make sure that you’re dealing with that special someone -- or looking for them! It’s easier than ever to make a good impression, especially this evening.

VIRGO (August 23 – September 22) - You feel the urge to move quickly, but you can’t figure out how to both get everything done and feel good about the results. The answer, sadly, is to let something go or to delegate it out.

LIBRA (September 23 – October 22) - Your ability to express your thoughts and feelings clearly is enhanced today, and your friends are appreciative. Actually, you may start something new and unprecedented as you make yourself heard!

SCORPIO (October 23 – November 21) - You need to check the impulse to throw money at today’s problem -- it’s not going to help! If you can just exercise a bit of patience and restraint, things should ease up really soon.

SAGITTARIUS (November 22 – December 21) Friendship is key to your success today -- however you choose to define it. Make sure that you’re throwing yourself into your relationships with no thought of self-preservation for now.

CAPRICORN (December 22 – January 19) - Pick up the pace -- it’s easier than you think! You may not even realize what’s going on until you look back at the day and see that you’ve plowed through a week’s worth of tasks!

Amazing Facts!

Did you KNOW?? ..

Astronomers know Mars is a backwards planet. Once a year, for several days, it appears to move backwards in its orbit. This is actually an optical illusion when the faster orbit of Earth races past Mars.

CROSSWORD puzzle across 1. Egg-shaped 10. Florante’s love 11. Panama or Suez 13. Poker stake 14. Not frigid 15. Exist 16. Golf peg 17. Enjoyable 18. Body of water 19. Plural ending 20. Lie 21. Frigid 22. Container 23. Cattle animal 24. Give caution 26. Witch 27. Tantalum’s symbol 29. Ms. Mina 30. Period 31. Milk cap toy 32. Caller_

33. Allow 34. Mafia don title 35. Misplaces 37. Type of situation 38. Elasticity DOWN 1. Enliven 2. Paths 3. Stringed instrument 4. Anger 5. Father 6. Clickable picture 7. Feline 8. Article 9. Tag 12. Metallic element 14. Center 17. Biblical fruit 18. Spread 20. Devotee 21. Component 22. Chest wear

23. Isle 24. Cry 25. Passion 26. Headgear 27. Subject 28. Extreme pain 30. Lucy’s husband 31. Chess man 33. _Miserables 34. Sebastian the runner MP 36. Opposite of NW 37. Nickel’s symbol Yesterday’s Answer

Mindanao Daily 23 NEWS

thursday | October 10, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Market...

Power...

to be applied as he rallied consumers to join in the monitoring.

Under t he I M E M mechanism, the last generator will determine the price of the market. Thus, if five generators confirm participation in the market, the last to provide pricing will have the role of setting the actual price.

Mr. Juan noted that the generators can agree among themselves on who will be the last to provide pricing and what price to set. “That is the reason we have to put in place the offer cap, the price cap,” he said.

The ERC, he added, has not finalized the price cap, though about a week ago, the agency announced a cap of P36 per kilowatt-hour (kwh).

“The agency will have to f ina lize t he cap a nd implement the dry run for the market,” Mr. Juan said.

In Mindanao, consumers pay about P5/kwh for power mainly from government hydroelectric plants and a coal-fired plant. They also pay about P9/kwh for power from the two barges of Therma Marine, Inc., a subsidiary of Aboitiz Power Corp.

T her ma Ma r i ne ha s become the ancillary power source of 23 distribution utilities, 21 of them electric cooperatives, in Mindanao since the main power sources — National Power Corp.’s hydroelectric plants — cannot operate at maximum capacity due to age.

Because of lack of electric power for Mindanao, the gover n ment decided to implement IMEM, which is similar to the Wholesale Energ y Spot Ma rket i n Luzon. Par ticipa nts are companies with generator sets that will be required to de-load from the grid, or to run their generators when basic load providers and ancillary providers cannot fully supply Mindanao’s power requirements.

Unlike the wholesale market, which is a buyer’s ma rket , t he tempora r y Mindanao market is a seller’s market as generators will be the ones to dictate pricing, based on a pre-approved cap.

Both the island’s business sec tor a nd t he elec t r ic cooperatives have opposed IMEM due to the lack of infrastructure as well as the expected increase in electricity pricing.

Vicente T. Lao, chairman of the Mindanao Business Council, has said that the system would be difficult to implement and that the initial price cap is way too high for Mindanao consumers, who pay lower rates.

Mr. Lao said that it is useless to implement the mechanism as the island will have enough power by 2015, when two big power projects, the 300-megawatt of Therma South, Inc., another Aboitiz subsidiary, and the 200-MW coal-fired plant of Conal Holdings Corp., are expected to start operations.

interested takers.

In a presentat ion to the media, NEA Deputy Administrator for Electric Distribution Utilities Services Edgardo R. Piamonte noted that out of the 114 ECs in the country, 18 of them have been posting net loss and labelled as ailing power utilities.

Among those are from Mindanao, which include Davao Orienta l Electric Cooperative Inc. ; Agusan del Sur Electric Cooperative I nc , .; Fi r s t Bu k id non Electric Cooperative Inc.; and Misamis Occidental I Electric Cooperative Inc., L a nao del Su r E lec t r ic Cooperative Inc.; Basilan Electric Cooperative Inc.; Sulu Electric Cooperative Inc. ; Zamboanga del Sur II Elec t r ic C ooperat ive Inc.; Maguindanao Electric Cooperative Inc.; and TawiTawi Electric Cooperative.

A l so i n t he l i st a re Ca ma rines Sur Elect ric Cooperative I; Province of Siquijor Electric Cooperative Inc., Marinduque Electric Cooperative Inc.; Negros Orienta l I Electric Cooperative Inc.; Quezon I Electric Cooperative Inc.; and Masbate Electric Cooperative Inc.; Kalinga Apayao Electric Cooperative Inc. There had been sudden rise in the electricity service cut-offs this year following the industry’s tighter policy on collections of arrears from defaulting electric cooperat ives a nd ot her distribution utilities.

The most-hyped power interruption was that of Albay Electric Cooperative (ALECO) because of its P4.0 billion worth of debts to power suppliers and service providers. Since then, its privatization was fast-tracked with the San Miguel group coming in as its “savior” via a 25-year concession agreement.

According to Piamonte, the general policy enforced on these ailing ECs would be to provide them “180 to 365 days to improve” – and they could either draw performance commitment contract or come up with a work program.

For ECs to be labeled as ‘ailing’, the NEA official explained that they could be saddled with dilemmas such as: high system loss; low collection efficiency; posting operating loss and with huge liabilities and negative net worth. They could also be suffering from institutional problems on governance; consumer per employee ratio; and may also be failing in adhering to policies.

from page 13

from page 13

Boost... from page 13

Ty, allowing the country’s largest electricity distributor to expand into the Visayas and Mindanao.

A top Meralco official sa id a n ag reement wa s signed on Monday night between Meralco wholly owned subsidiary Meralco

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

PowerGen Corp. and First Metro Investment Corp.

Meralco President Oscar Reyes has said both parties prefer to invest in Mindanao to address the power shortage.

“Meralco is trying to help address the requirement for adequate reliable power. So if we can help in meeting the needs with very fuel-efficient new technology plants and with credible partners, then we can contribute our own expertise, resources,” adding that this could be Meralco PowerGen’s f irst project outside Luzon.

Both may pour in an equal amount of investment into the venture, Reyes said.

“Me r a lc o Powe r G e n entered into a share-purchase agreement with First Metro Investment Corp. for 20 percent of Global Business Power, which owns power plants in the Visayas,” PLDT Senior Vice President Alfredo Panlilio said.

Betty Siy-Yap, Meralco ch ief f i na nc ia l of f ic er, confirmed separately that “a share-sale agreement to acquire a 20-percent stake in Global Business Power Corp.” has been signed.

In January Meralco and Global Business Power signed an agreement to pursue and evaluate potential powergeneration projects.

“Me r a lc o Powe r G e n cont i nues to ex plore opportunities with the goal of putting up power plants to help address the need for a reliable, sustainable and competitively priced supply of power,” the utility firm earlier said. Global Business currently has a total capacity of 633 megawatts (MW) in the Visayas and they are looking at expanding to Mindanao where power is needed.

Meralco PowerGen is developing a diversif ied power portfolio of up to 2,500 MW from now until 2020 through fuel selection driven by availability, reliability and price to the system.

Meralco PowerGen has taken a majority stake in Redondo Peninsula Energy Inc., which is developing a 600-MW coal project in Subic.

Solar... from page 13

development strategies to reduce the dependence on fossil fuels.

He said t hat R A No. 91 53 a l s o e n c o u r a g e s t he development a nd utilization of renewable energy resources as tools to effectively prevent or reduce harmful emissions and thereby balance the goals of economic growth and development with the protection of health and the environment.

City Councilor Ramon Tabor said that the cost of installing solar energy is tremendous because the city may have to remove the existing connections and put up additional and separate special connections and wirings for the purpose.

He said the committee should study and evaluate the costs before its adoption.

(PNA)

Energy... from page 18

Livermore National Laboratory and includes partners from the University of Rochester’s Laboratory for Laser Energetics, General Atomics, Los Alamos National Laboratory, Sandia National Laboratory, and the Massachusetts Institute of Technology.

The report of the success comes on the heels of a review article in the U.S. scientific journal Physics of Plasmas explaining that the project is bringing nuclear fusion closer to reality.

One major hurdle on the path to that goal is “the premature breaking apart of the capsule” c ontaining t wo hydrogen isotopes, John Edwards, NIF associate director for inertial confinement fusion and highenergy-density science, said in a press release last month.

The energy from the lasers implodes the capsule “ to temperatures and pressures similar to those found at the center of the sun,” according to the press release.

The International Thermonuclear Experimental Reactor facility currently under construction in France plans to attempt to use magnetic fields to contain the fusion fuel, BBC News reported. (PNA/RIA Novosti)

Showbiz... from page 22

sense that he fell for Marian only after they worked in a show together in another network.

“Nag-start din kami as friends pero siyempre nandun lang siya before pero hindi mo naman ma-ri-realize yun hanggang sa nagkahiwalay kami dahil after nung show, so mami-miss mo yun.

So yun yung mga pagkakataon na iisipin mo bakit kaya ganun.

She’s seen me at my worst and at my best kumbaga,” he said.

The talented heartthrob said that his girlfriend is the one for him. “Depende kung paano mo sasabihin sa kung anong kontexto. Siyempre sa tingin ko naman the fact that were together now for so many years eh talagang ikaw na (laughs). Pero depende pa rin sa kontexto but I’m very hopeful naman sa lahat lahat. Ako talagang very hopeful ako sa mga magagandang bagay na ganun, very positive naman ako,” he added.

When it comes to marriage plans, Dingdong said it is not their priority at the moment. “Very hopeful ako sa magagandang bagay na ganyan. Siyempre hindi mo naman masasabi na hindi dumadampi sa isip mo, siyempre there are more things that I have to deal with first. May mga bagay na kailangan ko muna tapusin.

Siyempre imposible namang hindi naming napag-uusapan, imposible naman na hindi ko isipin. We talk about it on a very general point of view first but really nothing about detail. Siguro I just want to leave it at that first siyempre para magandang kahit papano may excitement pa rin,” he said.

When asked what his dream wedding would look like, Dingdong says he does not want to think about it yet. “Wala pa talaga para sa akin. So far wala, hindi ko pa talaga iniisip that far,” he admitted. push.abs-cbn.com

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

EDITOR: Clifford Santillan , e-mail: santillan.clifford@yahoo.com

Billboard

thursday | October 10, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Biz forum to hasten CdeOs Globe unveils most unbeatable unlimited competitiveness as reg’l data plan offer for Samsung Galaxy Note 3 trade & investment hub Available for as low as P1799 monthly with unlimited LTE

Globe Telecom has officially launched the most unbeatable and affordable unlimited data plan offer for the Samsung Galaxy Note 3 in the market today. The best postpaid plan deal is already bundled with unlimited Long Term Evolution (LTE) that gives subscribers mobile internet speeds of up to 42 Mbps.

For as low as P1799 monthly, subscribers can already avail of the latest Galaxy Note at Plan 999 with a monthly cashout of P800* over a 24-month contract period. The postpaid plan offer already comes with unlimited data that allows subscribers enjoy the powerful features of the Galaxy Note 3, including a monthly consumable amount for calls and texts.

In addition to the aggressive pricing for the Samsung Galaxy Note 3, Globe is also offering the Samsung Galaxy Note 3 and Galaxy Gear bundle for free starting at Plan 5000 over a 24-month contract period.

The Samsung Galaxy Note 3 has a 5.7-inch full HD Super AMOLED display, a 2.3 GHz Quad-Core Processor, Android 4.3 Jelly Bean, 13-megapixel rear auto-focus camera with flash and zero shutter lag and a 2-megapixel front camera, 32GB user memory and is a 4G LTE-capable device. Additional features include the Air Command, Action Memo, Scrapbook, Screen Write, S Finder, Pen Window, Direct Pen Input, New Easy Clip, New S Note, Samsung WatchON and ChatON, and S Voice.

Meanwhile, Samsung Galaxy Gear boasts of an 800 MHz single core processor, has a 1.63-inch Super AMOLED display, and 1.9 megapixel auto-focus camera. Additional features include the S Voice, Memographer, Smart Relay, and Voice Memo. It also has a 4GB user memory plus a 512MB RAM. “Globe has been a proud partner of Samsung as we bring its latest smartphones and devices to our subscribers for many years now. This month, we welcome a new addition to Samsung’s roster of handsets, the revolutionary Samsung Galaxy Note 3, with its features best enjoyed with an unlimited LTE plan from Globe which offers a plan value that’s almost double of what you pay for,” said Raul Macatangay, Head of Globe Postpaid.

Macatangay added, “With the Best-Ever MySuperPlan and the Samsung Galaxy Note 3, you don’t only get the lowest and most affordable unlimited data plan offer available in the market today, you also get a postpaid plan and a device that will allow you to see life clearly and design it according to your lifestyle.”

Aside from these innovative and value-for-money offers, all new and re-contracting postpaid subscribers are entitled

Globe Samsung Galaxy Note 3 and Gear

to a free one-month subscription of Globe Gadget Care, the first-ever mobile phone protection program in the country today that offers comprehensive coverage for mobile phone theft and accidental damage, guarantees hassle-free handset replacement, easy claims processing, and worldwide protection coverage.

On the back of these competitive offers is a strategic partnership that Globe recently forged with Samsung as part of the SingTel Group focused on driving next-generation mobile communication, infotainment and technology services in Asia. The new collaboration takes advantage of the scale of the SingTel Group and Samsung’s innovative products and services.

Under this partnership, both parties will offer applications and digital services to customers of SingTel Group companies. In addition, the SingTel Group will work with Samsung to identify opportunities for joint launches and marketing campaigns of key Samsung device announcements. The companies will also be able to leverage each others’ distribution channels to extend their retail reach to more customers.

To know more about the Samsung Galaxy Note 3 from Globe, visit www.globe.com.ph/galaxy-note3 or call the Globe Sales Hotline at 730-1010. *Cashout amount payable with 0% 24-month installment payment via credit card

I n a bid to s ol id i f y Cagayan de Oro City’s st r ateg ic p osit ion a s the regional center of Northern Mindanao, a business forum among local business executives and investment planners is set on Friday morning, October 11, 2013 at the Grand Caprice, this city.

Expecting to grace t he 2nd Oro BizCon, dubbed as Cagayan de Oro Stakeholders Forum, is City Mayor Oscar S. Moreno who will share the city government’s vision to achieve inclusive growth by advancing Cagayan de Oro City’s competitiveness.

During the business forum, Dr. Arturo G. C or pu z , s e n ior v ic e president and head of urban, regional planning and land acquisition at Ayala Land, will impart to the participants his vast knowledge and expertise on Urbanization: a Framework for Competitiveness of Cagayan de Oro City.

Depa r t ment of Tr a d e a n d I n du s t r y undersecretary Zenaida C. Maglaya, on the other hand, will discuss the topic on ASEAN integration and

the Local Entrepreneur: Meeting the Challenges a nd Oppor tunities of Regional Markets.

D r. B e r n a r d o M .

Vi l lega s , sen ior v ice president of University of Asia and the Pacific, will talk about strategies on Mov i ng t he Cit y as Regional Leader on Sustainable Development.

The holding of the 2nd Oro BizCon is a joint undertaking of the City Government, United States Agency for International Development (USAID), Department of Trade and Industry (DTI) and the Cagayan de Oro Chamber of Commerce and Industry, Inc. (OroChamber).

The business forum l i k e w i s e s er ve s a s a pa ra l lel event of t he O r o B e s t E x p o 2 013 which will be held at the Limketkai Atrium on Oct. 11-13, 2013, showcasing successf u l business enterprises, trade and services of topnotch local industries, companies and business establishments in Cagayan de Oro City and neighboring areas in the region and Mindanao.

(CIO)

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