BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER
2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 54
Market Indicators
As of 5:54 pm oct. 9, 2014 (thursday)
FOREX
PHISIX
US$1 = P44.62
7,201.89 points
18
X X Briefly 16.21
cents
points
Poverty reduction SAPANG Dalaga, Misamis Occidental – Mayor Manuel L. Animas has thanked the Department of Trade and Industry (DTI), this province, for the P2.5 million funds it allocated for the town’s poverty-reduction projects, this year. During the funds turnover held at the flagraising ceremony held at the Municipal Plaza last Oct. 7, the mayor thanked Delia M. Ayano, provincial director of DTI-Misamis Occidental, who personally delivered five checks, which he received and deposited at the Municipal Treasury. Although named under the proponents of the projects, the funds will have to be liquidated following the necessary accounting and auditing regulations of the government, thus, it has to be deposited at the Municipal Treasury, Ayano said.
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Aboitiz Renewables, Inc., has started exploration activity in support of a potential 200-megawatt geothermal power project, to be sited on a 20,000-hectare area at the boundary of this city, Davao del Sur and North Cotabato. The project will tap the geothermal potential of Mt. Apo. AEV’s operator of small hydroelectric power plants, Hedcor, Inc., has completed four plants in Sta. Cruz, Davao del Sur, with the first two supplying part of the requirements of Davao City and rest commissioned to supply other parts of Davao del Sur province. Hedcor is also building two other power plants in Bukidnon.
P15.00
Filinvest plans to double power output in 5 years W
By IRENE DAYO, Staff Writer
HILE the construction of its 405-megawatt coal power plant in Misamis Oriental is in fullswing, Filinvest Development Corporation, through subsidiary FDC Utilities, Inc., announced it is aiming to double its power generation capacity to 1,000 megawatts in five years by considering brownfield plants to supplement its greenfield projects. In a press statement, FDC president Josephine Gotianum-Yap said: “We’ll a l w ay s t ar g e t for t h at (1,000MW). I’m not saying anything’s definite but we’re always looking at a number of different opportunities.” She said that to achieve this goal, “we look at partnerships,
CONSUMER WATCH. DTI Misamis Oriental Provincial Director Eliza Pabillore and Cagayan de Oro CIty Price Coordinating Council Chair Jose Edgardo Uy test the TImbangan ng Bayan with complete test weights with the assistance of City Agriculturist Hector San Juan during the turnover ceremony held 19 September 2014 at Cagayan de Oro’s Cogon Market as CEED Head Peter Abejuela looks on. photo courtesy of dti misamis oriental / tin laurente
October 2014 is Consumer Welfare Month By MIKE BAÑOS, Editor-at-Large
Power project
Friday | October 10, 2014
CONSUMER Welfare Month (CWM) is held every October pursuant to Presidential Proclamation No. 1098 under the aegis of the National Consumer Affairs Council (NCAC), which was created under Republic Act 7394, better known as the “Consumer Act of the Philippines,” to improve the management, coordination and effectiveness of the nation’s consumer welfare programs. T h e D e p ar t m e nt of
Energy (DOE) leads the 2014 Consumer Welfare Month (CWM) celebration wit h t he t heme “Sapat na Imp or mas yon : Sus i sa Wastong Paggamit ng Enerhiya” aiming to highlight consumer education in choosing the best energy choices. DOE backed this thrust with the recent launch of its consumer websites — Kuryente and WattMatters, aimed at educating the public on the fundamentals of power
industr y operation and efficient energy utilization. However, although it has taken a back seat in consumer advocacy for CWM this year, as the primary agency tasked with consumer welfare, the Department of Trade and Industry (DTI) continues its activities for the month. The highlight of the CWM celebration in Misamis Oriental is the turnover of the Timbangan ng Bayan to key public markets in the province from October 13-15. DTI Misamis Oriental consumer/PAGE 7
we’re open to brownfield. What we’ve done so far is greenfield.” Howe ver, G ot ianunYap noted that there are no longer many plants available for acquisition now since many government assets have already been sold. filinvest/PAGE 7
Sen. JV Ejercito to grace 2014 JCI Nat’l Convention SENATOR JV Ejercito is set to grace the much-awaited annual gathering of some 1,200 members of the Junior Chamber International Philippines (Jaycees) on Saturday, October 11, at the Limketkai Atrium, this city. The Senator said he is looking forward to a fruitful participation in the national convention activities and fellowship time with his fellow Jaycees from various local chapters all over the Philippines. “Ï see to it not to miss the annual JCI National because it is always filled with learning and fun, and at the same time, it is our
renewal of commitment for JCI’s social advocacies for the country and as active members of JCI Philippines,” Ejercito said. As JCI’s former National President for Asia and Pacific in 1998, Senator Ejercito is tasked to lead the Presidential Ball and TurnOver Ceremonies of the ejercito/PAGE 7
Local Davao property developer ventures into mixed-use project By CARMELITO Q. FRANCISCO, Correspondent
DAVAO City -- Homegrown Es candor De velopment Corp., a new player in the brisk local property industry,
is taking measured steps as it reported spending P60 million so far in land and infrastructure preparation
for its first mixed-use upscale project in a 5.3-hectare area. Construction for the project’s residential component is scheduled to project/PAGE 7
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Panguil Bay Bridge Project gets ICC-TB nod THE Investment Coordination C o m m i t t e e - Te c h n i c a l Board (ICC-TB endorsed the proposed Panguil Bay Bridge (PBB) Project for the ICC-Cabinet Committee’s approval) during its meeting on October 1. The project evaluation
report (PER) was presented by director Leon M. Dacanay, Jr., of the National Economic and Development Authority of Region X (NEDA-X) as the lead evaluator with inputs from the Public Investment Staff and the Infrastructure Staff of the NEDA Central
Office. Costing a total of P5, 086.71 billion, the four-year (2015-2018) project involves the construction of a two-lane 3.188 kilometer main bridge (0.32km) and approaches (2.868 kms) across the municipality of Tubod, Lanao
del Norte and Tangub City in Misamis Occidental. Pang u i l B ay Br i d ge Project is consistent with the national, regional and local development agenda. It is expected to provide a more reliable and efficient transport infrastructure and a more
accelerated and sustained economic growth especially in the northern and western part of Mindanao. It is also supportive to the region’s vision of becoming the major transshipment hub and establishing its role as the gateway and industrial
core and trade center in the South. The proj e c t wi l l b e presented to the ICC-Cabinet Committee in its next meeting tentatively set on October 17, 2014. Once approved, it will be presented to the NEDA Board for confirmation.
ARMM teachers to receive P25-M refund from GSIS
MARAWI City -- Around 1,500 teachers in the Autonomous Region in Muslim Mindanao (ARMM) are expected to receive a total of at least P25million refund from state pension fund Government Service Insurance System (GSIS) before year-end, the region’s education secretary announced Sunday. Secretary Jamar Kulayan of the Department of Education
(DepEd)-ARMM said this was brought after ARMM settled the more than P1billion outstanding obligation of DepEd-ARMM with the GSIS in an agreement with the Department of Budget and Management (DBM) and GSIS in June this year. DBM paid P891.4 million worth of unpaid premiums to the GSIS and promised to pay another P100 million within
a period of a year. Kulayan said GSIS has since been updating the records of teachers in the region ARMM, comprised of the provinces of Basilan, Lanao del Sur, Maguindanao, Sulu and Tawi-Tawi, and the cities of Marawi and Lamitan, has around 26,000 teaching personnel. Kulayan said around 6,000 public school teachers will benefit once GSIS completely updated its record, with refunds estimated to reach an aggregate amount of more than P200 million. Ku l a y a n m a d e t h e announcement in front of more than 2,000 teachers who gathered in Broce Elementary School in Datu Odin Sinsuat town, Maguindanao to celebrate this year’s World Teachers Day.
He said the working ARMM government wants to honor and give tribute to teachers by pushing with the needed education reforms in the region including the restoration of the GSIS benefits of teachers. “Teaching is the mother of all professions,” he said, “a noble calling that requires a lot of heart.” Ku l ay a n c h a l l e n g e d the teachers to continually produce God-fearing, humane, patriotic and pro-environment citizens. “We must be one in addressing to the need to provide better access to education, increase literacy rate, excel in our overall performance, progress in assessment and advance in terms of academic indicators,” he said.
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The Power of Positive Talking
hink a minute…They say, “Love is blind.” So when a guy’s in love with a girl and he wants his family to like her, do you think he’ll say anything bad about her to his family? Would he tell his parents that his girlfriend is stupid? Or that she’s lazy and can’t cook? I seriously doubt it! It’s just the opposite. He points out only his girlfriend’s good qualities to his family. You see, when you’re in love, you’re blind to your boyfriend’s or girlfriend’s weaknesses. And even if you do see their faults, it just doesn’t seem that bad or important. Because after all…you’re in love with that person! You know whom else we need to love like that? It’s our own children. Do you realize that our kids believe the things we say to them? So when you and I tell our children that they’re stupid, lazy, or bad, they really believe it! With our words, we parents can actually kill any selfconfidence our kids have! Because if a child believes us when we tell them that he or she is dumb, weak, or can’t do anything well, then they won’t. That’s just what they’ll become! One of the most important gifts we can give our kids is to love them without conditions and help them believe in themselves.
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THINK
A Minute
By Jhan Tiafau Hurst
Since whatever our kids believe about themselves is what they are going to become! So when you and I tell our kids that they’re smart, good with their hands, or that they’re good-looking. When we tell them that we will always love them no matter what they do or how they look. When we tell them their good points every day. We’re not giving our kids a big head or spoiling them! Rather, we’re building their self-confidence and preparing them to succeed and handle life well! You see, if you want your children to succeed, then it’s your job to give them a chance! It’s your responsibility to make your kids believe in themselves and what God designed them to be. And for you to succeed in doing that hurst/PAGE 7
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Subdivision Roads as Alternative Traffic Routes
awmakers have filed a bill opening subdivision roads to the public to ease traffic congestion in the metropolis. This is to provide alternative routes or access to main streets. The proponents have valid reasons to argue, such as the gradual worsening of the traffic congestion in Metro Manila for the last 15 years. Unfortunately, traffic planners under the past administration have failed to adequately address this problem. The government must address the problem more seriously. It is also imperative on the part of the private sector to contribute their share in the resolution of this problem. The countr y is now faced with a scenario where employees in the public and private sectors, businessmen
editorial and students are not able to reach their destinations on time. The traffic problem has also prevented the timely d e l i v e r y of g o o d s an d services and has resulted in the ever-increasing prices of said goods and services. It cannot be denied that the present traffic mess has affected the productivity of other wise productive individuals to a great extent. The unproductive time spent by many in commuting has not only affected their personal advancement in their careers or professions but a ls o t he e c onom i c growth of the country in general. Proponents said the bill shall apply to all housing
subdivisions and villages situated in Metro Manila. A subdivision or village s i t u at e d w i t h i n Me t r o Manila shall open for public use at least one road within its boundaries to vehicular traffic. The use of said subdivision or village roads shall be limited to vehicles with a gross vehicular weight of up to 4,500 kgs. Under the measure, the Department of Public Works and Highways (DPWH) shall determine and identify the subdivisions or villages that must open at least one of the roads. The DPWH shall notify the affected homeowners association and the residents of t h e su b d iv i s i ons or villages of its decision, at
least, 30 days before the opening of the roads to the public. A subdivision, which has opened a road for public use, shall be allowed to collect a reasonable fee that shall not exceed P5.00 from every vehicle passing through said road. It may also collect an annual fee which shall not exceed P300.00 from every motorist using its access roads that shall be used to defray the cost of maintaining the subdivision or village roads as well as the cost of employing additional security personnel to man the said roads. The bill seeks to amend Section 28 of Presidential Decree No. 957, otherwise known as The Subdivision and Condominium Buyers’ Protective Decree. But why Manila only? The law should apply in all highly-urbanized cities throughout the country.
Thieving, Plundering Officials are Christians?
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IFE’S INSPIRATIONS: “… all who swear by God will glory in him, while the mouths of liars will be silenced…” (Psalm 63:11, the Holy Bible). -ooo IGNORED WARNINGS ON RAINS, FLOODS: Facebook is once again full of rants by exasperated Me t ro Man i l ans ab out rains and floods hitting the metropolis and causing great problems, and the latest of this phenomenon came after the thunderstorm last Tuesday, October 07, 2014. But, let me say this again: we have been warned that rains, floods, and strong winds are coming, bringing destruction and death. Yet, we refused, continue to refuse, and, in all likelihood, will continue to refuse, to listen to the warning. Surely, we have no one else to blame but ourselves, if we suffer. The w ar n ing: rains, floods, and strong winds will surely come. And there will only be two kinds of people who will face them: the wise and the fools. The wise will overcome these calamities, but the wise will die. Now, who are the wise, and who are the fools? Are you wise? Or, are you a fool? Read Matthew 7:24-27 of the Bible about this warning, and see who you are.
-ooo THIEVING AND PLUNDERING OFFICIALS ARE CHRISTIANS? If claims about Filipino government officials having amassed great wealth are true, then, they must have committed great crimes, if we are to believe what Honore Balzac wrote a long time ago. He said, “behind every great fortune is a great crime.” Indeed, plunder and graft and corruption are great crimes. And it is simply mindb og g ling to b e told of mansions, vast lands, and other material amenities being owned and enjoyed by our officials who have no businesses nor other legitimate sources of income, in the first place. The real question here is: why have Filipino officials become so greedy? Did they think they could bring their riches, illegally acquired or not, when they die? Indeed, Jesus Christ, our God and Savior, has a fair warning, in Matthew 16:26: What good will it be for someone to gain the whole world, yet forfeit their soul? Or what can anyone give in exchange for their soul? In fact, one of the Ten Commandments forbids stealing. If our officials still claim to be Christians and followers of Jesus, how
come they could disregard His teachings ever so easily? -ooo MAN KILLS THREE KIDS: CONFUSION OF MIND? Police are still puzzled as to the motivations that prompted Eric Figues of Bgy. Panalipan, Catmon, Nor thern C ebu, to kill his three minor children, Stephanne Nicole, 6, John Eric, 4, and Erica Lynne, one year and 10 months, and his mother-in-law, Emilda Molad, 47 last Sunday, October 05, 2014. There did not seem to be any reason for the killing, as Stephanne Nicole was even celebrating her birthday on that day. Possibly, Eric, who also killed himself after the carnage, was undergoing a terrible stress at that time, enough to drive him crazy and commit the crime, in cold blood, despite the loud pleas of his children and of his mother-in-law. What could have caused him to lose his mind? No one may be able to give the answer now, but the Bible surely has a warning about a man going crazy. In its Deuteronomy 28:15 and 28, it is written that when a person no longer listens to God, and no longer obeys His commands, he loses his mind and is afflicted with “confusion of mind (and) madness”. Indeed, when our
K akampi
Mo A ng Batas
By Atty. Batas Mauricio
mind is no longer attuned with God, we become possessed by evil, enabling us to do even the worst of crimes. -ooo PLEASE LISTEN: “ Ta m b a l a n g B a t a s a t Somintac”, aired at 1062 kHz in Manila, 1080 kHz in Dagupan City, 711 kHz in Naga City, 1260 kHz in Lucena City, 1224 kHz in Davao City, and at www. eaglenews.ph Mondays to Fridays, 6 a.m.; “Kakampi Mo Ang Batas”, at 103.7 mHz in Don Carlos, Bukidnon, Mondays to Fridays, at 7 a.m.; “Kakampi Mo Ang Batas” at 801 kHz on the AM band (Panay Island), Mondays to Fridays, at 10 a.m.; and “Kakampi Mo Ang Batas” at 107.5 Win FM, Roxas, Isabela (Saturday, 5:30 a.m., and Sunday, 7 a.m.). -30-
“Business is a game, played for fantastic stakes, and you’re in competition with experts. If you want to win, you have to learn to be a master of the game.” ~Sidney Sheldon, Master of the Game
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Banking&Finance
Big banks’ bad loans remain manageable THE portion of big banks’ loans that has gone unpaid for 90 days remains manageable at the start of the second half of the year. In a report, the Bangko Sentral ng Pilipinas (BSP) said the gross non-performing loans (NPL) ratio of the
countr y’s universal and commercial banks stood at 2.11 percent last July, unchanged from the 2.10 percent in June, but lower than the 2.68 percent in July of last year. This as the industry’s total loan p or tfolio of
P4.513 trillion last July was unchanged from the June level, whereas the amount of NPLs inched up to P95.19 billion from P94.80 billion over the same period. Yearon-year, the latest NPL figure was lower than the P100.8 billion in 2013.
in a research note. Victorino retained her forecast that the central bank will hike both the main policy rate and SDA rate by 25 basis points this month to stay on top of inflation. Analysts also noted risk of headline inflation breaching the top-end of the central bank’s 2-4 percent target for 2015. Rahul Bajoria, economist at Barclays in Singapore, said t hat p olic ymakers will probably pause their tightening cycle until early next year. “We believe further rate hikes will depend on the data, and with (September) inf lation surprising on t he dow nside, r isks of
another hike in October seem somewhat contained,” Bajoria said. The central bank has two more meetings left for 2014, one on October 23 and the other on December 11. It tightened policy for a fifth time in a row on Sept. 11 by raising both the overnight borrowing rate and the rate on its short-term special deposit accounts (SDAs) by 25 basis points each. Food inflation slid to 7.4 percent in September 2014 from 8.3 percent in the previous month. Lower price increases in rice (10.7% from 13.2%), corn (8.3% from 9.1%) and vegetables (9.8% from 15.0%) backed this slowdown.
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The Dubai crude oil’s international price also declined, w hich pulled down local petroleum prices in September 2014. The generation charge of Meralco rose by only 0.4 percent in September 2014. “This was much lower w hen comp are d to t he almost 12 percent annual increase reported in the previous month. Generation and transmission charges declined, with the improved availability of generation plants in operation and with less forced outages,” the NEDA official said. Meanwhile, inflation rate also stood at 4.4 percent yearto-date, which is still within inflation/PAGE 7
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DEED OF EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH SIMULTANEOUS SALE OF A PORTION
“The superior man understands what is right; the inferior man understands what will sell.”
Notice is hereby given that the late Sps. Bautista Kuizon, Sr. and Porferia Banogon; that said deceased died intestate without will or testament and without leaving any debts whatsoever in favor of any person or entity;“A parcel of land, Cad lot No. 129-P, Assessor’s Lot no. 013, situated at Brgy. II, Tangub City. Bounded on the N. by 015, Ist South St., on the S., by 011, 012, Magsaysay St., on the E., by – Ist South St., 014; and on the W., by 011, 012. Containing an area of ONE THOUSAND SEVEN HUNDRED SIXTY ONE (1,761) sq.m., more or less, under TD No. 76732.”, is subject of DEED OF EXTRA JUDICIAL SETTLEMENT OF ESTATE WITH SIMULTANEOUS SALE OF PORTION, as per Doc. No.: 480 , Page No. 97, Book No. XXII, Series of 2006, under notary Public Atty. Enriquito B. Cajita .
NPL pertains to outstanding loans that remain unpaid for 90 days. To cushion them from possible losses, banks set aside an amount equivalent to 140 percent of their NPLs in July, also unchanged from the June ratio.
Sept. inflation eases to 4.4%; BSP keeps watch THE country’s inflation rate eased to 4.4 percent yearon-year in September 2014 –highest in 17 months – from 4.9 percent the previous month with slow hikes in the prices of food, electricity, and petroleum, according to the National Economic and Development Authority (NEDA). “Moderate food inflation, lower electricity charges and the roll-back in global and local petroleum prices contributed to the slower overall inflation in this period,” said NEDA Deputy Director-General Emmanuel Esguerra. Bangko Sentral ng Pilipinas Governor Amando Tetangco said yesterday policymakers remain vigilant of inflation risks and will adjust interest rates if required. “The BSP (central bank) will make adjustments to policy levers as conditions warrant,” Tetangco said in a mobile text message to reporters. But core inflation, which takes out volatile items in the consumer basket and measures the underlying trend in prices, was unchanged at a 17-month peak of 3.4 percent. “The increase in core inflation is worrisome and suggests second round effects are b ecoming apparent sooner and may be stronger than anticipated. Further interest rate tightening will be required,” said Eugenia Victorino, economist at ANZ,
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~Confucius
BWM: Oct. 10, 17 & 21 , 2014
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 17 Cagayan de Oro City PETITION FOR DECLARATION OF DEATH OF ADRIAN A. GABULE REP. BY HIS FATHER TIMOTEO S. GABULE, Petitioner, ---versus---
SPEC. PROC. NO. 2014-026
THE REGISTRAR, LOCAL CIVIL REGISTRAR OF CAGAYAN DE ORO CITY, Respondent. x-----------------------------------------/ ORDER A petition for declaration of death of Adrian A. Gabule was filed by petitioner Timoteo S. Gabule, the father of the deceased. Petitioner alleged that the deceased Adrian A. Gabule was his biological son who was born on March 26, 1999 as evidenced by his Certificate of Live Birth ( Annex “A”); that they were former residents of Zone 4, United Settlers Association, Tibasak, Cagayan de Oro City living then in a 2-storey house (40) meters away from the river bank; that on December 16, 2011, during the height of Typhoon Sendong that hit the City, the water level from the river rose up to the first floor of their house and even reached 5ft. deep so that his entire family took refuge at the rooftop for their safety; that due to the heavy current, a big timber log crashed into their house causing it to collapse and thereby throwing them all to the strong current to the river; that petitioner was able to cling to a mango tree and when the water level subsided a bit the following day, he painstakingly searched for the members of his family including that of his grandchildren; that while he was able to recover the dead body of his wife and one of his daugthers, one of his sons Adrian who was 12 years old at that time was still missing as of the present including his (4) grandchildren; that inspire of the diligent effort to find him, all his efforts yield negative results. Fiinding the Petition to be sufficient in form and substance, the same is set for hearing on November 5, 2014 at 8:30 o’clock in the morning at the Session Hall of his Court, hereby requiring all persons who has interest to appear at such date and time and show cause why the Petition should not not be GRANTED. At cost, let a copy of this Order be published once a week for three (3) consecutive weeks in a newspaper of General circulation in the City of Cagayan de Oro and in the Province of Misamis Oriental. Likewise, let a copy of the Order together with the petitioner be posted in three (3) conspicuous places required by law. SO ORDERED. Done this 26th day of September 2014, Cagayan de Oro City, Philippines. (Sgd.) FLORENCIA D. SEALANA-ABBU Presiding Judge BWM: Oct. 10, 17 & 24, 2014
CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011
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Ford PH sales up 63.28% FORD Motor Co.’s Philippine unit reported record September sales of 2,010 units, up 63.28% year on year, and also driving the quarterly sales total to alltime highs. In a statement, Ford Philippines said sales for the three months to September grew 71% to 5,700 units, pushing its year-to-date tally up 52% to 14,564 vehicles. The newly introduced Ford EcoSport model had its best performing month since its launch in April, with 699 units sold in September and 3,380 in total retail sales. “O ur pro duc t-le d transformation and expanding Ford showroom in the
Philippines is giving customers even more ways to connect with the Ford brand and our segment-leading vehicles,” Ford Philippines Managing Director Kay Hart. “The EcoSport is a great addition to our lineup, and nameplates like Ranger, Explorer, Everest and Fiesta are continuing to do very well this year.” Ford’s Ranger pickup also broke new records with sales in September of 767 units, up 75.11% a year earlier. Year-todate sales grew 71.45% to 5,507 units. “We’re continuing to see strong sales across the full Ranger lineup, both automatic
and manual transmissions, and across the country, helping to underscore the versatility of this unmatched pickup truck,” Ms. Hart said. The Ford Everest sport utility vehicle posted sales of 249 units in September, down 13.84% from a year earlier. However, total sales for the nine-month period grew 21.04% to 2,439 units. Ford Philippines has a sales growth target of 41% for 2014. The company also said that it plans to have a network of 37 dealerships nationwide by the end of the year, last week opening a showroom in Baguio. It plans to open more in Alabang and Zamboanga next month.
Ayala Land expects P10B in sales from condo project AYALA Land Inc (ALI) has sold the most expensive condominium unit in the Philippines located within its latest luxury residential offering in Bonifacio Global City. In a briefing on Wednesday, Ayala Land Premier head of sales Mike Z. Jugo said the company sees P10 billion in sales from the 50-story East Gallery Place, offering a total of 407
units across six residential formats. Located at the corner of 11th Avenue and 28th Street, East Gallery Place is 70 percent sold, including the Skyrise 1400, a 1,400 square meter bi-level five-bedroom penthouse residence with a 25-meter lap pool. “It’s the largest residential project we’ve sold to date and the most expensive condominium unit that’s
sold in the Philippines,” Jugo said. A special variant of East Gallery Place’s Skyrise units, Skyrise 1400 was sold for roughly P200 million to a buyer that Ayala Land Premier officials declined to name. “There’s a market that is looking for house-like amenities in a condominium while offering a view of the city,” Jugo said.
About 15 percent of E ast Galler y Place has been taken up by foreign nationals, as expats from Hong Kong and Singapore look at investments here in the Philippines, Jugo said. He s a i d re s i d e nt i a l properties in the country’s premier central business districts are considered a bargain compared to other key cities in Asia. “There’s a lot of wealth
in the region,” Jugo said. The remainder of the sold units was bought by endusers, investors and people who live in the south but want a place to stay in the metro during the weekend. “We ne e de d to f ind something that can provide the most in terms of our options for our high-end clients. The East Gallery Place is a collection of living spaces that they can choose
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from,” Jugo said. Rising in Bonifacio Global City’s cultural district, East Gallery Place will offer 407 units within the North and South wings at an average price of P200,000 per square meter. The price of a Classic one-bedroom unit will start at P11 million. Aside from the Classic units, the exclusive tower’s North Wing features the ayala/PAGE 7
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Filinvest... from page 1
While the most of FDCUI’s power projects are in Mindanao, Gotianun-Yap said “we’re always looking at other projects in different areas. We continue to explore different fuel sources. We look at every one of them if there’s an opportunity.” She also said they will be expanding to Luzon after adding a project in Visayas. “Luzon is a market we cannot avoid. It’s an important market. We look at Luzon even though we’re mostly in Mindanao,” Gotianun-Yap said. The Filinvest Group is building a 405-MW coal plant in Misamis Oriental, expected to come on stream by 2016. It recently topped the bidding for the right to manage the government’s contracted output for two plants: the 40-MW Unified Leyte Geothermal Power Plant and the 108.5-MW Mt. Apo geothermal power plants in Kidapawan City, North Cotabato. Gotianun-Yap said they will eventually launch an initial public offering of the shares of FDCUI but this is not yet imminent since it will be better to do it once its power plants are closer to commissioning and, thus, will be generating revenues.
Consumer... from page 1
Provincial Office will award 47 units of the “Timbangan ng Bayan” to 23 municipalities and 3 c it i e s i nclu d i ng Cagayan de Oro City, as part of the agency’s continuing efforts to promote consumer welfare and a healthy business environment. The “15kg. x 50g.” stainless steel mechanical scales will have 47 customized and high quality housings; 7 sets of “11.5kg” test weights (1pc. 5kg., 2 pcs. 2kg, 1pc. 1kg. and 1pc. 500g.); and 7 sets of “10kg.” test weights. The first ceremonial turn-over of the project was conducted last September 19, 2014 in partnership with the Cagayan de Oro City Price Coordinating Council (CDOCPCC). Tw e nt y s e t s o f t h e m e ch an i c a l s c a l e s and housings; and, 5 sets of the test weights will be distributed to Cagayan de Oro city’s public markets in Agora, Bulua, Carmen, Cogon and Puerto. A Bantay Presyo billboard will also be unveiled along with the Timbangan ng Bayan. The “ Timbangan ng Bayan” and “Bantay Presyo Billboard” aim to actualize the concept of “Tamang Timbang, Tamang Presyo, at De-Kalidad na Produkto”. The city government through the City Economic Enterprise Development (CEED) office he ade d by Eng r. Peter Abejuela will take charge of the safe keeping of the project at the designated markets. “Through the Timbangan ng Bayan, consumers have easy access to effective means
of checking the accuracy of the weights and the quantity of the goods they buy,” said Ma. Eliza A. Pabillore, DTI Misamis Oriental Provincial Director. “DTI encourages consumers to regularly avail of the public weighing scales and the Bantay Presyo billboard for the updated prices of the basic commodities, groceries, vegetable, meat, and other items sold in the market.” Other activities lined up for CWM in Region X by DTI include the hanging of streamers by business e st abl ish me nt s for t he entire October to increase consumer awareness of CWM; a Provincial Quiz Bee on Friday, 10 October 2014 at the Activity Area of SM Cagayan de Oro, to be followed by a Regional Quiz Bee on October 28 with the winners of the provincial quiz bees in the region’s four provinces; an Information, Education and Communication (IEC) activity at the Cogon Market to empower consumers and the business sector by engaging them in a continuing campaign. “It is hoped that through this IEC, all stakeholders get a fair chance of presenting and addressing market issues that are actually occurring in the area,” said Pabillore. The CWM concludes with the awarding of the DTI Bagwis Awards on October 29 and the FTL Monitoring and Enforcement on October 31st focused on Christmas lights. The Bagwis Program aims to recognize establishments that uphold the rights of consumers and practice responsible business where consumers get value for money. It is a joint undertaking of DTI, business firms and Consumer Net. “To increase the number of Bagwis awardees , we introduce the Bag wis Program to business establishments through briefings,” Ms. Pabillore said. “Thus, more establishments are encouraged to join the program which recognizes qualified firms with Gold, Silver and Bronze Bagwis awards.” The DTI is an ex-officio member of the NCAC together with non-governmental organizations Nationwide Association of Consumers Inc., Consumer Rights for Safe Food, Coalition for Consumer Protection, and Welfare Inc., National Federation of Women’s Clubs of the Phils., Inc., Phil. Bakers Industry Group, and the Philippine Retailers Association, as well as representatives from the Department of Agriculture, Department of Education, Depar tment of Energ y, and the Department of Environment and Natural Resources. Meantime, DTI-Lanao Norte in partnership with the LPCC of Iligan City (LPCCIligan) officially kicked off the 2014 CWM celebration on October 2, 2014 with an hour-long motorcade along the major streets of the city
and a short program at the Rizal Park highlighting the relevance of the theme: “Sapat na Impormasyon: Susi sa Wastong Paggamit ng Enerhiya”, to consumer welfare and empowerment. In keeping with the DOE’s chairmanship of this year’s celebration of CWM, key stakeholders from the energy sector in Iligan City joined the motorcade such as the National Power Corporation (Napocor), Mapalad Power Corporation (MPC), and Iligan Light & Power Inc. (ILPI). It also garnered a multi-sectoral support from the business, academe, LGU, NGAs, members of the Consumer Organization (CO) and media. DTI Lanao del Norte Provincial Director Ruel B. Paclipan urged the various sectors to be aware of their crucial roles in developing a more vigilant consumer sector primarily through consumer education. “Information is vital in making sound purchasing decisions and practicing efficient energy usage habits to instill a sustainable way of living,” he added. Mr. Melchor Alquizola, Chief of Staff of Mayor Celso G. Regencia, relayed to the participants the mayor’s message of the LGU’s various pursuits including consumer protection activities which is anchored thru the institutionalization of the Local Price Coordinating Council. For his closing message, Engr. Rudy Brioso, VicePresident for NPC-Mindanao Generation, stressed Napocor’s dedication to providing a stable and dependable electric power supply to empower consumers with lower power rates.
Ejercito... from page 1
organization on Saturday night, October 11. JCI chapters presently exist in more than 6,000 communities in more than 100 countries throughout the world. JCI members meet, learn, grow and create positive change. They train to become better leaders, organize projects in the areas of Business, Individual, Community, and International Development. Building local, national and international networks, they draw on the experience of JCI alumni who have succeeded in various facets of life and who provide assistance when required. Repres ent ing count less occupations and skills, Jaycees are creative, bold leaders who are developing new skills, laying new foundations, and establishing new friendships and networks. Jayce es b elie ve in the advancement of the global community and the creation of positive change by improving themselves and the world around us. They meet at local, national, and international events to
exchange ideas and share best practices. They also learn from dynamic speakers and trainers in interesting and interactive seminars and presentations. A Jaycee grows personally and professionally because he learns by doing and actively organizing projects and activities that benefit communities and the society in general. (Rikki Mathay/A Mediante)
Project... from page 1
start in the first quarter of 2015 and turnover of the units to buyers will be within two years. “We are taking it slowly. We are doing a small project so that it can be completed within our timetable,” Glenn Y. Escandor, the company’s president, told BusinessWeek Mindanao. The company is now completing model units for detached houses and will later start with the condominium building, which it aims to have in place by 2016. Gerald Kent M. Garces, Matina Enclaves project head, said the company “first builds the community” by setting up the residential component before venturing into the commercial buildings. The residential component will cover 4.3 hectares and the rest will be a commercial complex with a boutique hotel and specialty shops. “We are trying to promote convenience by setting up commercial spaces adjacent to houses and condominiums in the area,” Mr. Garces told BusinessWeek Mindanao. The Escandor family runs the Royal Mandaya Hotel as well as the Davao Security and Investigating Agency, Inc. The elder Garces said the company is not aggressively pre-selling their project in consideration that they have no track record in property development, unlike other local and national firms. “We cannot follow that system because the Escandor company is new in this arena of development,” Mr. Garces said.
Inflation... from page 5
the Development Budget Coordination Committee (DBCC)’s inflation target of 3.0 to 5.0 percent for 2014. “This slowdown appears to be geographically broadbased, as sluggish annual growths in inflation were recorded in the National Captal Region (NCR) and in areas outside of NCR in September 2014,” said Esguerra. NCR’s inf lation rate went down to 3.5 percent in September 2014 from 4.4 percent in August 2014. Also, 13 out of the 16 regions outside of NCR recorded slower year-on-year price increases. This resulted in a lower overall inflation of 4.7 percent for these regions in September 2014, from the 5.0 percent in the previous
month. NEDA still expects that the country’s inflation rate for full-year 2014 will still be within the DBCC full year target of 3.0 to 5.0 percent. “Notwithstanding upward pressures on prices, the general market inflation expectations remain wellanchored, as policies remain supportive of manageable inflation rate” said Esguerra. (With Reuters report)
Ayala... from page 6
pioneering Flex units, ranging in size from 86 to 142 square meters. These are units without partitions that owners can transform from studio to oneor two- or even three-bedroom homes based on their style, need and preference. Skyrise units are penthouse units that may be accessed through the North or South wings. These are three- and four-bedroom residences, with only six units from the 48th to 50th floors. The South Wing offers a maximum of two units per floor with elevators opening to the unit’s private foyer. The Skysuites are three-bedroom and limited four-bedroom units with an average of 200 square meters. The South Wing will also be home to 11 units of the
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Skycove Aqua, featuring an 80-square meter balcony that opens up to a private plunge pool. Another original format, the Villas, is similar to a townhouse but confined within a residential building. They pack four levels of living space into one residence with its own personal elevator. The Villas are a limited selection of only four four-bedroom units with a pool, deck and lanai, an enclosed gourmet kitchen, and two-level living area. “East Gallery Place is also a residence that builds on the Ayala Land Premier legacy of delivering products that build value over time. We create residence of the highest quality and design, that are value today and in the generations to come,” said Jugo. Construction of the building will start this year with turnover of the units scheduled to start in 2019. East Gallery Place will feature a choice selection of restaurants and fashion establishments on the ground floor, consistent with the vision for High Street South. The luxury residential tower will have function rooms, a boardroom, lap pool with adjacent deck, a gym with shower and locker rooms, and indoor children’s play area. Concierge services are also available.
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Fajardo on FIBA World Cup:
Lessons from five days in Spain
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At the VSI Clubhouse some of Zamboanga’s medical practitioners pose to promote the Konnichiwa Japan corporate promo: Dr. Michael Abutazil, together with colleagues Dr. Jamalul, Dr. Amil, Dr Bisquera and others.
Konnichiwa event at Villa San Ignacio Filinvest held simultaneous nationwide corporate events last Sep 20, 2014 to highlight the culmination of the Konnichiwa Japan Promo. All projects including One Oasis Cagayan De Oro, Filinvest Homes Butuan and Villa San Ignacio welcomed clients and sellers in their showrooms and project sites to allow guests to experience what it is to live in a Filinvest development.
MyPhone's MyART Competition, EXTENDED! MyPhone's MyART Competition deadline of submission EXTENDED till the 15th of November 2014. The UAAP of ARTS is inviting all Individuals, Organisation and Schools to join the Country's 1st ever MyPhone MyArts Competition. The competition is open to all Filipino STUDENTS , ORGANISATIONS and SCHOOLS who has the passion for the world of arts. More than 500,000.00 worth of cash and prizes await the winners! Get a chance for your work of arts exhibited in The Green Sun - A Venue for Young and Contemporary Artist of the Philippines. For more information information and competition mechanics, please visit www.myphone.com/myphone or www.myphone.com.ph
cup of rice in Seville would have worked wonders for the hardworking Gilas Pilipinas, as far as June Mar Fajardo was concerned. With practices and tune-up games becoming more difficult in the runup to the FIBA World Cup on Aug. 30, Fajardo said he needed the basic Filipino staple to help him recharge since the scrimmages were physically exhausting. “We had good food while we were training in France, and later on in Seville,” Fajardo said in Filipino during a recent interview in Manila days after he flew in from Spain. “But after a few hours, I would feel hungry again. I wanted a cup of rice to go with the food.” He recalled with a laugh that the rice he tried when the team was in France was “malamig (cold),” far from the steaming cup he gets served wherever he went in the Philippines. The team’s training in Miami, where they met naturalized center Andray Blatche for the first time, was bearable because after a hard practice at the gym, he had rice to go with the food. But when the team moved across the Atlantic, the change became tough for Fajardo. To add a semblance of rice in his diet, he made omelets with tomatoes and onions which he paired with the food. He said he made do with the substitute, though he still longed for rice. On a serious note though, the reigning PBA Most Valuable Player, who plays for the San Miguel Beermen, has nothing but gratitude for his inclusion to the lineup. He said he learned a lot of things while training with the national team. The team’s purpose wasn’t lost on Fajardo, who fans call the “Kraken,” as he discussed how each member knew by heart they were fighting for a basketball-crazy nation. He said making the selection for a team who’s making a return to the international
scene after four decades was an achievement by itself already. “When you’re there at the international stage, you only have to give everything you have because you might not have another chance at competing in that kind of tournament,” Fajardo pointed out. With arguably the smallest lineup stacked up against the best of the world, the Beerman said he was expecting the team to get steamrolled in the first round. But to everyone’s surprise, the Philippines put up a brave stand, losing four games by an average of six points before escaping with a victory against Senegal. For Fajardo, the toughest team the Philippines faced was Argentina because of the South American nation’s strategy of sticking to the “fundamentals” of the game. He said each Argentine player knew where were ought to be when running plays on offense as well as setting up on defense. There was certainty in every step, Fajardo described. “At the start of the shootaround, I could have just sat down at the bench and watched them practice,” Fajardo said. He admired Argentine big man Luis Scola who was among the players he defended. He said Scola had great footwork which allowed him to be at the right place at the right time. Fajardo said he was looking forward to the upcoming PBA conference where he hopes to showcase his new skills on the hard court. He admitted that bringing a championship trophy to the Beermen remains the team’s top priority. “The team is hungry to win a championship. We have the next tournament to do better,” he said. When he came home on Sept. 7, the first thing he asked was a cup of rice and sinigang, which he ate later in the day. Had there been rice in Seville, did Gilas have a chance to win another game considering the close margin? “Oo naman, siyempre,” Fajardo retorted with a laugh.
BusinessWeek MINDANAO FRIDAY | OCTOBER 10, 2014
THE BUSINESSMEN’S NEWSPAPER
2013 ppi’S BeSt in BuSineSS and economic RepoRting
editor: ShAun AlEjAnDRAE YAp uY
VIBE B1
Therma South turns over two-classroom bldg to Bongbongon Elementary School Text by IREnE jOY B. DAYO Photos by GlEnn pAlACIO
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herma South, Inc., a subsidiary of Aboitiz Power Corporation, donated a two-classroom building in Bongbongon Elementary School (BES) of Barangay Kauswagan, Cagayan de Oro City. The classrooms were officially turned over October 7 totaling a PHP 1.2 million project cost. Mr. Benjamin Cariaso Jr., President and Chief Operating Officer of Therma South, Inc. came to personally oversee the turnover in front of school teachers, pupils and parents. “I’m happy to note that these are happy kids that could be future leaders of Cagayan de Oro,” he said. Over 14,000 students have benefitted from Aboitiz Foundation’s 134 AGAPP kindergarten classrooms, 42 in Luzon, 36 in Visayas, and 56 in Mindanao. He said that these classrooms are their contribution in enriching the learning and kind of education of the kids. He asked the stakeholders to maintain and take good care of the classrooms the coming generations may also get to use the facility. Mr. Cariaso also asked the pupils to impart their training to their brothers and Cagayan de Oro City Mayor Oscar Moreno leads the ceremonial turn-over of the key to the two-classroom sisters. building for Bongbongon Elementary School, Kauswagan, this city. School officials, CEPALCO and Aboitiz Power ThERMA | Page B2 Corporation and students are also on photo.
The formal signing of the Deed of Donation
The unveiling of the building marker
The ceremonial cutting of the ribbon
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FFeature eature
Primavera Residences offers October Fever promo: FREE Modular Kitchen Cabinet of up to P100K
W
ant to invest in a multi-awarded ecofriendly condominium at the most reasonable deal? This month, Primavera Residences offers buyers its October Fever promo with FREE Kitchen Modular Cabinet and installation worth up to P100,000. In a regular package, buyers get unfurnished units with inclusions of tile floorings, painted walls and ceilings, fitted kitchen sinks, bathroom fixtures, electrical wirings and outlets; however, October Fever promo gives buyers a chance to earn savings of up to P100K inclusive of a FREE set of Kitchen Modular Cabinet and its installation. “At Italpinas, we always make sure to please our clients not only with world-class units and facilities but also with quarterly promo offerings; that aside from the already affordable rates, we strive to make it even more reasonable. Indeed the best chance to invest in Mindanao’s first and only multi-awarded eco-friendly building,” Gladys Magadan-Echano, VP of Sales, expressed. Primavera Residences is known for its energysaving features including cantilevers that protect the units from direct sunlight and an indoor courtyard that maximizes the natural ventilation in the area. By June of 2015, solar panels that will provide additional energy for the building’s common areas will be installed on the building’s rooftop. The building is also designed to withstand earthquakes and extreme weather and boasts of 24-7 security. “We are not just giving them discounts but we give them the real thing. Consider this as Italpinas’ early Christmas gift. We want to add more value to the buyers’ purchase; that they [buyers] will not just earn big time, they also help the environment in a bigger note” Echano stated. The green building has garnered several recognitions for its commitment to green architecture and design locally and internationally. Recently, it was named among the winners in the prestigious International Property Awards in the 2014 Asia Pacific regional competition being the
Best Mixed-Use Development in the Philippines. It was also been awarded as the Best Condo Development in the Philippines in 2011 (Southeast Asia Property Awards) and a finalist in the Most Promising Clean Energy Investment Opportunity of the Year (CTI PFAN Philippines Clean Energy Investor Forum). “Located in a flood free zone in Uptown Cagayan de Oro, Primavera Residences is a prime spot for business and leisure activities […] We want to make it as beneficial as it would for our investors to come and enjoy our month-long October Fever promo from October 1-31,” Echano invited.
Primavera Residences, first development of Italpinas Euroasian Design and Eco-development Corporation (ITPI), is a 10-story, two-tower building located at Pueblo de Oro Township offering residential, commercial and office spaces for lease and purchase. All units in the first tower are ready for occupancy while the second tower is slated to be completed later this year. Buyers may choose from studio, one-bedroom and two-bedroom units. For more information on Primavera Residences, visit its website at www.primaveraresidences. com or call (088) 880-5002 or 0917-794-2221.
ThERMA| from page B1... Therma South, Inc. is a major producer of renewable and nonrenewable energy in the Philippines. BES principal, Mrs. Aneta M. Gomez, thanked Therma South for choosing their school as recipient of the school building. “These classrooms will greatly help the kindergarten pupils who greatly need basic foundation of learning.” The building is composed of two classrooms that will be used by kindergarten students. Each classroom will cater to more than 50 students. The Department of Education – Division of Cagayan de Oro sent their gratitude to the sponsors in a message from Division Superintendent Elena Borcillo sent through her representative, Curriculum Implementation Chief Mary Ann Allera. The message read that the DepEd has budget for education projects but it will never be enough to answer all the problems in education. Private companies have always been partners of DepEd in enhancing the quality of education. She thanked all private entities that include Aboitiz Group, AGAPP Foundation, Cagayan Electric Power and Light Company (CEPALCO), Euratex and all others that imparted in realizing the project. DepEd committed to provide teachers that are fit and acquainted with the facilities and kind of learners.
Maintaining, securing the classrooms and using it as intended are also promised by DepEd - CDO division. The provided classrooms are in partnership with AGAPP following its slogan, “Ang unang aklat na binasa, ang unang hakbang sa pagasa.” Partnering with Aboitiz Power’s Aboitiz Foundation Inc., AGAPP targets another 1,000 classrooms before Aquino’s term ends and the turnover held at Bongbongon Elementary School is part of it. AGAPP is a foundation chaired by Ms. Pinky Aquino Abellada, sister of Philippine President Benigno S. Aquino III. Aklat, Gabay, Aruga tungo sa Pag-angat at Pag-asa (AGAPP) is a foundation of sisters of President Aquino to help and cater to pre-school children. It’s objectives includeconstructing “Silid-Pangarap”, providing training for teachers and school heads, promoting home-school-community partnerships and facilitating partnerships between individual volunteers, organizations and networks who share the goals and visions of improving the quality of public education and of promoting early childhood care and development and essential services such as feeding programs. Further, Euratex provided the chairs and books of the pupils, while CEPALCO is in-charge of the wiring and electrical needs.
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Environment B3 Rising volume, complexity of waste factor to Climate Change -- DENR
C
By Jasper Marie Oblina-Rucat
AGAYAN DE ORO CITY – The rising volume and complexity of waste in the landfill and in each household is a big challenge in Solid Waste Management and also a big factor in the changing climate we have today. As discussed by Engr. Dovee Cherry Geollegue of t h e D e p a r t m e nt of Environment and Natural Resources (DENR) region 10 during the Climate Change advocacy in Cagayan de Oro College-PHINMA recently, she said that we don’t even
know where to put some of the garbage anymore because of some high technologies and their complex material. She cited that a damaged cellphone is composed of mixed materials such as plastic and metal. In the law, it is stated in the
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Republic Act 9003 providing for an Ecological Solid Waste Man age m e nt Pro g r am , cre at ing t he ne cess ar y institutional mechanisms and incentives, declaring certain acts prohibited and providing penalties. Geollegue said that the law urges us to avoid generating waste. It has an inverted pyramid of hierarchy of waste particularly Avoid, Reduce, Reuse, Recycle, Recover and Treatment and Residuals Management. However, she said that we still have prevailing practices such as low collec tion
efficiency, uncontrolled/ unmanaged waste burned in the backyard and open dumping and littering still rampant. There are various approaches to manage waste such as segregation at source, using a separate container for each type of waste and segregated collection. Through an ordinance, the local government unit can enforce through information/ education and by creating Materials Recovery Facility (MRF) where wastes are segregated by Compostables, Recyclables, Special Waste
and Residuals. On the other hand, she explained that schools cans start and implement solid waste management where waste should be segregated at the point of origin. Geollegue revealed DENR’s National Ecosavers Program which they launched in 2012 with the Department of Education (DepEd) to encourage students to manage waste with an incentive. She said that the teachers and student leaders can start by doing a NEP day in school wherein students can bring recyclable materials
MisOr villagers call for renewed support on turtle nesting grounds By ERWIN MASCARIÑAS, MindaNews
M AG S AYS AY, Mi s am is Oriental – Residents and fisherfolks here are calling for renewed added support for the conservation and protection of the turtle nesting grounds in the town’s three-kilometer coastal area in Barangay Candiis. “Ever since I was a young boy this long stretch of beach has been known to many of our town folks as nesting area for hawksbill sea turtles. In our small way we try to sustain the efforts on the protection of our marine turtles’ nesting sites,” said Venerando Cabresos, b a r a n g ay c h a i r m a n o f Candiis. “Fisherfolks in our barangay have been volunteers in identifying nesting sites all over the long shoreline,” he added. Cabresos, when visited last week, pointed out the need for additional support for a sustainable livelihood for the volunteers. “This is a small fishing community and we don’t have enough resources for ourselves. Over the past few years several projects were made in our area but not enough to sustain the livelihood of the people,” said Cabresos, who was busy helping in putting up a fence on an identified hawksbill turtle nesting ground. According to barangay records, almost every month villagers witness several large marine turtles making it to shore to lay eggs. Last September, the volunteers identified another nesting site and fenced the area to protect the eggs from predators and warn off beach goers not to trample on the nesting area. Rolando Pagara, in-charge of the Pawikan Conservation areas, stated that the effort in protecting the nesting sites started back in 1999. “Since 1999, so much had b een done for the protection and preservation of the nesting sites here in Magsaysay with the help
o f t h e D e p a r t m e nt o f Environment and Natural Resources (DENR) and nongovernment organizations. Unfortunately, funding for the projects has ended and most of our volunteers also need additional support for their livelihood,” Pagara said. He added that monitoring the nesting grounds requires a huge amount of time and effort, taking their time away from earning a living. Pagara explained the need for protecting the marine turtles that lay eggs in the area. He said that Magsaysay is a very unique case because mo st haw k s bi l l tu r t l e s elsewhere lay eggs on white sand beaches. Magsaysay’s beaches have brown sand and yet the turtles keep coming back year after year to lay eggs, Pagara noted. He said that aside from the hawksbill, they also spotted other marine turtles
nesting along the Magsaysay coastline. These include the olive ridley and green turtle. Pagara added that even though most of the fishermen are aware that it is illegal to hunt and catch the turtles, he gets reports of dead turtles washed out in the shoreline without carapace, or the turtle’s shell on its back, a sought-after commodity in the black market.
Hawksbill shells, he said, are the primary source of tortoise shell materials used for decorative and medicinal purposes. He pointed out that the Convention on Inter nat iona l Trade in Endangered Species of Wild Fauna and Flora (CITES) outlaws the capture and trade of hawksbill sea turtles and products derived from them. Republic Act No. 9147,
or the Wildlife Resources Conservation and Protection Act, aims to protect all w i ld life, including t he marine turtles. Hunting, killing, gathering their eggs, destroying their nests, selling, transporting and mere possession of any part or derivatives is punishable with a fine of P100,000 to P1 million and/or imprisonment of 16 to 12 years.
Steam activated carbon not hazardous, hence a regular cargo The Export Development C ouncil conducted an industry briefing on activated carbon last September 16 to address the existing restriction and prohibition to load “Steam Activated Carbon” in most shipping and feeder vessels since it is alleged to be inflammable and therefore considered as hazardous material. Shipping cost of hazardous materials is 30% higher than regular cargoes.
Mr. Bonifacio Fernandez, a representative from the activated carbon industry said that “Steam Activated Carbon” is a porous carbonaceous substance manufactured by means of heating granulated charcoal about at 1000°C with the presence of steam inside a rotary kiln. This process makes the steam activated carbon incombustible. Now that the shipping lines are aware of the qualities of steam activated carbon,
Mr. Fernandez suggests that the shipping lines should ensure that there will be no misdeclaration of goods making sure that the cargo is not raw nor granulated charcoal. Atty. Max Cruz of the Association of International Shipping Lines, Inc. invited Mr. Fernandez to discuss the issue during their board meeting on November 5, 2014, to brief other shipping line representatives.
Treevolution - Island Garden City of Samal volunteer planters join the Treevolution : Greening MindaNow simultaneous treeplanting in various location in Mindanao which also aims to beat Guinness World Record of most planted tree in an hour on September 26. (MTA Samal cio)
from their homes and sold to accredited junk shop in exchange for cash to be deposited in their Student Passbook which students can avail after the duration of the program. Geollegue further said that they can start through a one day activity in the classroom until it can be designed with the yearlong activities in the school with the approval and participation of school heads. In Bukidnon, this was already tested and done and became successful, she added. (JMOR/PIA10)
US continues relief and reconstruction work in Yolanda-hit areas TACLOBAN CITY – Nearly 11 months after Typhoon Yolanda (international name Haiyan) devastated across the Philippines, the U.S. government continues to partner with the Philippines on recovery and rebuilding efforts. Last week, U.S. Embassy Manila’s United States Agency for International Development (USAID) Mission Director Gloria D. Steele led the turnover of two school buildings at the Tacloban National Agricultural School (TNAS). The schools—containing ten of the more than 165 classrooms to be built by the U.S. government in the Philippines—are designed to withstand winds up to 360 kilometers per hour and an 8.5 earthquake. Tacloban City Mayor Alfred S. Romualdez joined the ceremonies and thanked the American people for their on-going support. Angelica Dupa, an 8th grade student at TNAS, also expressed gratitude: “We will no longer be scared of typhoons and other calamities because the new classrooms are stronger than the ones we occupied.” All of these continued reconstruction and recovery efforts are part of the USAID Rebuild project. Under the Rebuild project, the U.S. government is also working with Coca Cola and Procter & Gamble to reconstruct and restock 1,000 sari-sari stores. Store owners will be trained in basic store management and micro-credit. Director Steele also gave assistance to the Barangay Basper Farmers Association, the TNAS General Parent-Teacher Association, the Tagpuro Women’s Seaweed Association, and the Old Kawayan Fisherfolks Association. Overall, the U.S. government’s support to the Philippines for Typhoon Yolanda recovery is estimated at $142.5 million. “The projects we see today are born from the strong partnership between the U.S. and Philippine governments. As we work together in planting the seeds of recovery, we also direct our efforts toward ensuring that you will be stronger and better equipped to face future disasters,” Director Steele said. Director Steele concluded her visit to the city by inspecting the ongoing construction of a USAID-funded school building with eight classrooms at the San Fernando Central School, and a tuberculosis clinic at the City Health Office. She also went to Ormoc, Leyte to launch the U.S. government’s “Preventing Trafficking in Persons through Sustainable Livelihood Recovery for Typhoon Affected People” project. The project aims to reduce the vulnerability of typhoon-affected populations to trafficking-in-persons.
BusinessWeek MINDANAO FRIDAY | OCTOBER 10, 2014
THE BUSINESSMEN’S NEWSPAPER
2013 ppi’S BeSt in BuSineSS and economic RepoRting
editor: ShAun AlEjAnDRAE YAp uY
VIBE B4
hERSChEl SupplY FAll 2014 lOOKBOOK In the fertile landscape of the city lies an urban backdrop that begs to be traveled. Layers of communities flourish within a network of neighbourhoods and cultures. This Fall Herschel Supply presents a modern new collection inviting the everyday explorer to discover the unique metropolitan atmosphere cultivated within the city. Equipping the traveler on their Fall journeys, Herschel Supply introduces a range of new material stories including premium veggie tan leather, 3M reflective fabric and reactive denim. Joining existing silhouettes in mixed prints, tri-color blocking and
About Herschel Supply Co In the early 1900’s, Peter Alexander Cormack and his wife made the journey from Wick, Scotland and settled in the small town of Herschel, whose population today is counted at 30 residents. Founded in 2009 by brothers Jamie and Lyndon Cormack, Herschel Supply Co. adopted the name of the small town where three generations of their family were raised. Herschel Supply Co. is based in Vancouver, Canada and manufactures the finest quality backpacks, bags, travel goods and accessories. Our goal is to create timeless product with a fine regard for detail. Welcome to Herschel. Enjoy Your Stay. herschelsupply.com @herschelsupply #herschelsupply Herschel has opened its Kiosk in Centrio Ayala Mall, Cagayan de Oro City, October 5, 2014.
rich solid hues are a variety of new shapes including two backpacks, two totes, three duffles and one new packable and dopp kit style. New handdrawn prints include Geo, Tiger Camo, Hunt, Sunday and Countryside, all designed with elements of diverse city culture in mind. Available worldwide this July, Herschel Supply’s Fall 2014 collection offers a new start to the season with the promise of rewarding urban adventures. For more information on this new release and additional news on Herschel Supply Co. please visit our website at herschelsupply.com or our Facebook page.
Globe boosts retail presence in CdeO with opening of world-class store December
G
Renowned Filipino artist Ross Capili gives Limketkai mall goers a treat with his live art performance [Photo Supplied]
The Globe GEN3 Limketkai Team [Photo Supplied]
l o b e Te l e c o m i s strengthening its business and operations in Cagayan de Oro with the opening of its world-class retail store dubbed as “Generation 3” Store in Limketkai Mall on December 2014. The Globe Store in Limketkai Mall in Cagayan de Oro is the second retail store of the leading telecommunications company to undergo major renovation, paving the way for one of the biggest milestones in telco retail around the world. The new Globe Store in SM North Edsa in Quezon City is also opening on December to offer Globe customers in Manila a new and leveledup experience in availing of telecom services. The new Globe “Generation 3” Stores promise a fresh experience for its customers, boasting of a unique retail concept that is a first of its kind in the Philippines, designed by Tim Kobe, founder and CEO of Eight, Inc. whose brainchild is the iconic Apple store in New York. On the future Globe Stores, Kobe says, “Globe is transforming the customer experience in the Philippines and it will send shock waves far beyond.” Among his achievements, Kobe is responsible for the designs of the Apple Stores,
the Nike Concept Stores, Coke, Knoll, Virgin Atlantic Airways, and Citibank. The “Generation 3” stores will house interactive lifestyle vignettes that will feature a myriad of products within interesting displays that make it more relevant to customers. The installations are made flexible and reconfigurable allowing the store to transform, keeping the environment always fresh and giving customers a reason to return. Globe Retail Transformation and Management Head Joe Caliro said, “Apart from our Store in SM North Edsa, we are proud to open our second Generation 3 store here in Cagayan de Oro which we consider one of our strongest markets. As we remain focused on our business in Cagayan de Oro and Mindanao in general, we have high hopes with the unveiling of our Generation 3 Store which we believe will take Globe to the next level of telco retail and customer experience.” Prior to its big opening, the Generation 3 Stores will feature themed surprises – Arts, Community and Technology (ACT). Working together with distinguished Filipino artists led by Ross Capili, Globe creatively boarded up its Stores with
featured live art performances. Capili working with the theme ‘past to future’ designed the mounted mural on the Globe stores. The mural is set to surprise onlookers every two weeks as participating artists keep on adding and drawing on the canvass. The live art had enthusiasts and follo wers abuzz in Twitter using the hashtag #Gen3nextACT and photos uploaded in Facebook as the artists wowed retail onlookers. The art event at Limketkai Mall began in October 4 where Capili was joined by the first set of artists namely Joey and Archie Balcos. Capili has been in the art scene for almost 40 years specializing in varying expressions, movements and media. With successful exhibitions here and abroad, Capili is also the founder of the Facebook page ArtPhilippines, which gathers over with over 8,000 members composed of Filipino artists here and around the world. To participate in the #GEN3NextACT follow us on Twitter or get updates on https://www.facebook.com/ groups/Gen3nextACT. To know about other Globe stores in your area visit http:// www.globe.com.ph/storelocator or call 730-1000 for more details.