BusinessWeek Mindanao (October 12-13, 2013)

Volume IV, No. 17

BusinessWeek MINDANAO

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As of 6:12 pm oct. 11, 2013 (Friday)

PHISIX

US$1 = P43.13

6,489.80 points

2 cents

X

53.83 points

X

Briefly CDO goes solar THE Cagayan de Oro City Council has approved a resolution for the use of solar energy to the city’s streetlights aiming to reduce the city government’s dependence on other power source.

During its regular session presided by Vice Mayor Caesar Ian Acenas, Councilor Teodulfo Lao recommended the city to invest in solar energy for streetlights.

The city’s SP Committee on Energy has the proposal for study and evaluation as Lao noted data that 75 percent of the overall electrical consumption of the city goes to streetlights.

One of the considerations as pointed out by Councilor Ramon Tabor is the cost of a new solar installation.

Letter Writing Day AT least 185 students from various schools, colleges and universities here joined the observance of the “World Post Day” last Wednesday, Nimia S. Acebes, area director of the Philippines Postal Office here said.

Acebes said o that the first National Letter Writing Day highlighted the observance of this year’s “World Post Day” in cooperation with various schools here.

She said that the revival of letter writing aims to keep good values and letter writing alive and valid even with the advent of high tech communication that the new generation now enjoys.

Acebes said that the activity was one way of instilling in the minds of students the indescribable feeling of writing personal letters laced with passion and creative eccentricity that the modern communication gadgets could not provide.

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Mindanao grid expects 515mw in next 3 years T

Market Indicators FOREX

P15.00

October 12-13, 2013

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By IRENE DAYO, Reporter

already reached P178.4 HE Mindanao grid is expecting an billion. t he tot a l, Luzon additional 515 megawatts of power gridOfpower investments by 2016 courtesy of three committed a c c o u n t e d f o r P 9 0 . 7 projects which could offset the prevailing b i l l i o n a n d c o u l d supply gap in the region which resulted to y i el d addit iona l 767.4 megawatts; while Visayas massive brownouts. raked in P43.8 billion for The Department of said that for the entire 429.6MW; and Mindanao Energ y (D OE), in its countr y the aggregate cornered P43.9 billion for presentation before the investment for all committed expects/PAGE 11 Senate finance committee, power projects across grids

COAL POWER. Workers at the construction site of the Aboitiz Power Corporation’s Therma South’s 300-megawatt coal-fired power plant in Barangay Binugao, Toril District, Davao City and Barangay Inayawan, Sta. Cruz in Davao del Sur. mindanews photo by froilan gallardo

ARMM seeks probe on electric coops C O TA B AT O C i t y - Officials have asked the National Electrification Administration (NEA) to investigate what they consider an anomalous scheme by Lanao del Sur’s power utility

cooperative of supplying electricity to thousands of local consumers without calibration meters.

The unpaid account of the Lanao del Sur Electric ARMM/PAGE 11

Mindanao, Visayas airports upgrade to boost tourism THE Department of Tr a n s p o r t a t i o n a n d Communications (DOTC) has awarded contracts for the improvement of four airports in the Visayas and Mindanao.

The contract for the SemiPermanent Airport Terminal Project at the Puerto Princesa Airport was awarded to D.G.

Sarmenta Construction, which offered P21,495,653.43 for the project or below the bid ceiling of P22,682,431.07. “ T h i s w i l l i mp r o v e passenger convenience by allowing the airport to meet increasing tourist arrivals in the meantime that long-term upgrades are being done,” tourism/PAGE 11

UKAY-UKAY IS BACK. Driven out by the present local government, ukay-ukay vendors are making a comeback to the delight of price conscious customers in Cagayan de Oro City. Buyers look at ukay-ukay items for sale on a vacant lot in Cagayan de Oro on Oct. 10, 2013. mindanews photo by froilan gallardo

Study shows Davao City among least vulnerable to climate change

By ROMELDA ASCUTIA, Contributor

DAVAO City on the southern co ast line of Mind anao has emerged as the least

Mindanao Daily NEWS

vulnerable to the impact of climate change among eight cities in the Philippines,

and it could continue its strong economic growth with sustainable environmental shows/PAGE 10

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

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October 12-13, 2013

Economy

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

Local BPM industry to benefit from Obamacare MANILA – The country’s Business Process Management (BPM) industry will benefit from United States Healthcare Reform Bill or Obamacare as there will be an increase in outsourcing of healthcare services.

According to Healthcare Information Management Outsourcing Association of the Philippines (HIMOAP) president Josefina Lauchangco said that the Obamacare will drive the increase in demand for outsourcing healthcare management.

As of now, 60 percent of the healthcare management market came from US and it is expected to grow with Obamacare as 40 million Americans will be covered by the bill, she said.

“In the next three years, four million new enrollees are expected to join the American healthcare system. This will further grow to 35 to 40 million by 2016,” Lauchangco said. local/PAGE 8

Congressman Rufus B. Rodriguez shows his support to the Gilas Pilipinas Men’s Basketball team during the recently concluded FIBA-Asia tournament held in the MOA Arena. In this game, Gilas Pilipinas beat South Korea and secured a slot for the Philippines in next year’s Basketball World Cup ending the Philippines’ 35 year absence in the prestigious tournament.

Peso ends sideways Lesser banks tap BSP’s rediscounting facility at 43.15 vs. greenback MANILA -- Availments Commercial, thrift and or reverse repurchase (RRP) MANILA – The peso ended Thursday sideways against the dollar at 43.15 from day-ago’s 43.14 with the local unit’s strength traced to strong corporate demand amid the improving sentiments in the US, which buoys the dollar.

It started the day at 43.20, a slip from the 43.15 Wednesday.

It traded between 43.29 and 43.14 bringing the peso/PAGE 8

on t he B ang ko S ent ral ng Pi l ipi nas’ ( B SP ) redis counting facilities cont inue to de cline in September 2013.

Data released by the cent ra l b an k Thurs d ay showed that banks’ availment in the peso rediscount facility contracted by 47.1 percent year-on-year to P17.32 million from theP32.76 million in end-September 2012.

rural banks tapped the facility for relending to commercial credits, 82.1 percent; agricultural and industrial sector, 3.2 percent; and other credits like capital expenditures, other services, and permanent working capital, 14.7 percent.

To date, interest rate of the peso rediscount facility is at 3.5 percent. This is pegged against the central bank’s overnight borrowing

rate.

Relatively, availments on the central bank’s exporters dollar and yen rediscount facility (EDYRF) reached US$ 95 million at the end of the first nine months this year.

This is lower by 29.2 percent compared to the US$ 134.1 million extended by the BSP to banks same period last year. banks/PAGE 8

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AMENITIES : ZORBIT * ATV * TREE TOP ADVENTURE BUGGY * BUNGEE * PICNIC GROUNDS PLAYGROUND * CAFE * LUGE * MINI GOLF ROOM ACCOMODATIONS

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CorporateWorld

Congressman Rufus B. Rodriguez pose with the Philippine observers delegation during the 39th Exploraratory Talks between the Philippine government (GPH) and the Moro Islamic Liberation Front (MILF) held in Kuala Lumpur, Malaysia last August 22-25, 2013.

This is the first time in the 16-year history of the peace talks that observers from various sectors are represented. Also in the photo are (L-R): Usec. Chito Gascon, Secretary Mehol K. Sadain of the National Commission on Muslim Filipinos (NCMF), House of Representatives Deputy Speaker Pangalian Balindong, former DA Secretary Senen Bacani, and Representative Jesus Sacdalan.

Tune Hotel Davao strengthens city’s marketability for tourism DAVAO City -- The opening of Tune Hotel Davao next month is expected to strengthen the city’s marketability to the domestic and even foreign tourism market, especially for meetings, incentives, conferences and exhibits.

“The opening of new hotels esp e cia l ly t hos e affiliated with international chains promotes the city to foreign markets as they have their own database of travelers loyal to their brand,” said city tourism officer Maria Felisa C. Marques.

“This also upgrades our tourism sector to world standards and encourage others to get accredited,” she added.

The new hotel is located along J.P. Laurel Avenue, some 15 minutes away from the Davao International Airport and a few minutes away from the SMX Convention Center at SM Premier Davao.

It is expected to beef up accommodation for those who want to be near the convention venue.

Other hotels such as the 204-room Park Inn Hotel by Radisson is located at the SM Premier compound.

“Davao is known for being a tourist and business hub and it is the most developed city in Mindanao where commerce and tourism is continuously growing making it a good location for the hotel,” said

Carlo C. Cruz, Director of Sales and Marketing of Tune Hotels Philippines.

Tune Hotel is part of the lifestyle business conglomerate Tune Group hotel/PAGE 9

Del Monte Pacific buys US, South America brand rights DEL MONTE Pacific Limited has acquired the company that owns the Del Monte brand rights for processed food products in the United States and South America, giving the Philippine firm a presence in the world’s biggest market.

In a disclosure to the Philippine Stock Exchange, Del Monte Pacific said the company entered into a definitive agreement to purchase, through new subsidiary Del Monte Foods Consumer Products Inc, the consumer food business of Del Monte Foods (DMF) for $1.675 billion.

Under the agreement, Del Monte Pacific will purchase the brands and certain assets of DMF. The Philippine firm will also

assume certain liabilities of DMF’s consumer food business in the US and give the former equity interests in some of the latter’s South American subsidiaries.

Apart from the Del Monte brand rights for processed food in the US and South America, DMF also owns the Contadina, S&W and College Inn brands. Its consumer business booked sales of $1.8 billion and EBITDA of $178 million in the fiscal year ended April 2013. EBITDA refers to earnings before interest, taxes, depreciation

and amortization.

“This landmark transaction offers DMPL greater access to a wellestablished, attractive and profitable branded consumer food business in the world’s biggest market. Prior to this acquisition, the US was one of few key markets where our company did not have a direct presence nor have its own brands,” Del Monte Pacific chairman Rolando Gapud said.

Del Monte Pacific owns the Del Monte brand for pro c e ss e d pro du c t s i n the Philippines as well as another premium brand, S&W, globally except in the Americas, Australia and New Zealand.

DMF dominates the major brand/PAGE 9

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THINK SAFETY

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WE EXIST BECAUSE WE CARE for our people, Customer and Country

Staff members of the Gothong Shipping Lines Inc. – Cagayan de Oro City Branch pose in front of their office located at YMCA building, Door 1 and 2, Julio Pacana Street, Licu-an, Cagayan de Oro City.

DOMINATES THE DOMESTIC SHIPPING LINES INDUSTRY Bags Award for Excellence in Shipping and Cargo Services

, o p t a m a l a s g Maramin ! o t i a n d r a w a g para sa inyo an

September 28, 2013 marks another milestone for Gothong Southern Shipping Lines Inc., when the Cagayan de Oro branch was included in the list of 2013 Mindanao Business Inventors and awarded as 2nd Mindanao Business Leaders for his excellence in the category of Shipping and Cargo Services.

The award aimed to recognize business entities who contributed to the emergent economy of Mindanao, as exemplified in their degree of

Cagayan Trucking Association

innovation and expansion, best practices and corporate social responsibility.

Embodying company’s mission “We exist because we care for our People, Customer and Country” , Gothong Southern Shipping Lines Inc., offers the award for excellence in shipping and cargo services to their Business partners, Suppliers, Valued customers & top5 shippers and the Local Government unit of Cagayan de Oro City.

. Brgy. Puntod . Brgy. Macabalan

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Learning to Love

T

THINK

hink a minute…about love. It makes the world go A Minute around, right? The problem is

By Jhan Tiafau Hurst that there doesn’t seem to be much going around! Most of us know that to love and be loved is what life is all about.

So why is there so little real love in the world? Why have so many of us not learned how?

How do I learn to love? It’s simple: until I have been truly loved by someone else, I don’t know how to truly love others.

I know what you’re thinking: “No one has ever loved me like that! I mean really loved me all the time without conditions, just as I am.” Even our parents and spouse many times fail to love us that way.

So how can I ever learn to love? I’ve got some very good news for you. Someone already has loved you like that! You just didn’t know it. We learn to love by seeing God’s love for us in Jesus Christ. Jesus loves you without conditions. No person in history has lived with such a perfect kind of love for others has Jesus Christ did. Real love cannot be done by slogans or songs. They cannot change our self-centered heart and nature. We all want real love, but none of us is able to give it. That’s why Jesus came: to show us what real love looks like. Jesus has given us the greatest picture and proof of His love for us—by giving His perfectly innocent life for all of our wrongs.

So how do you learn to love? Just let Jesus love you. Ask Him to take charge of your heart and life everyday. And as you receive His love and power every day, you’ll start learning how to love others like that; since you’ll always be getting the love you need from Him. Just Think a Minute…

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Economic Growth for all Filipinos

T

he Philippines is on a roll.

Following Fitch and Standard & Poor, debt watcher Moody’s Investors Service gave the country an investment grade last Thursday (October 3). Moody’s cited the Philippines’ “robust economic performance, on-going fiscal and debt consolidation, political stability, and improved governance.”

Moody’s also lauded the stability and resilience of the Philippine economy amidst external financial shocks and the slow economic growth in the Asian region.

With investment grade ratings from the three most influential debt watchers, the Philippine economy is now in an even better position to draw investments that can spur economic activity, produce more income for the nation, and eventually enhance the quality of life of the majority, if not all Filipinos.

Clearly the goal goes beyond notching upgrades and record-breaking figures in growth. The numbers should translate to development that every Juan and Maria can feel and appreciate.

The government knows this only too well.

The pursuit of inclusive growth has been the centerpiece of the government’s economic plan for the country. As stated in the Philippine Development Plan (2011-2016), inclusive growth is a high, rapid, and sustained growth in the economy that “creates jobs, draws the majority into the economic and social mainstream, and continuously reduces mass poverty.”

It is quality economic growth that is felt by citizens across all walks of life. In short, no one is left out and no one is left behind.

The same plan concedes, however, that inclusive growth has been elusive to the Philippines. This is due to inadequate infrastructure, lapses in governance, poor development

H

SPEAKING

of human resources, and the degraded state of our natural O ut resources.

By Ignacio Bunye These concerns are seriously being addressed althoug h we are hoping that implementation of the appropriate response could be done at a much faster pace.

Where does the Bangko Sentral come in?

As its contribution to the overall development effort, the central monetary authority has adopted financial inclusion as its flagship advocacy.

The Bangko Sentral is well aware of the fact that while the banking system, as a whole, has progressed, many Filipinos remain unbanked or under-banked.

Compared to our neighbors, the Philippines still has a low savings rate. Denied access to banks, many Filipinos still borrow through the informal channels which charge exorbitant interest rates.

Thus the challenge for the Bangko Sentral is to create an enabling environment that will provide millions of Filipinos access to the formal banking system.

Notice that now more financial institutions are venturing into non-traditional bank micro-finance products and services.

Coupled with BSP programs on financial literacy and consumer protection, former non-bank savers are now gradually being mainstreamed.

In due time, they can really participate and benefit from our economic development.

Faith and Psychology

ow important it is that we get to have a clear idea about the intimate relationship between faith and psychology! At the moment, it seems that psychology is largely grounded and ruled by one’s feelings, moods, temperament or some organic elements alone, if not by some cultural or social factors, or even by mere ideologies.

There are even those who develop their psychological life along lines of mere techniques, or worse, by some drug-induced sense of stability and calmness or other escape and defense mechanisms.

Obviously, for those who are already psychologically sick, these techniques and drugs are indeed necessary.

But we have to be clear that they are precisely for the sick, and not for those who are supposed to lead a normal psychological life which we presume every one of us should pursue.

Okay, for those who are supposed to be normal, they can also avail of these techniques and drugs sometimes as a way to relieve some momentary stress. But the ideal state should be that we would be freed of these things.

That’s why we need to reiterate the fundamental and indispensable role of faith in our psychological life. It is faith that gives the whole picture of our life. It includes both the good and the bad side about us.

It tells us who we are, how we are supposed to be and to behave in the different and even conflicting situations in our life. It precisely sees to it that our thinking, desiring, feeling, acting, or the whole gamut of our psychological life are those proper of our dignity as persons, not mere objects, and ultimately as children of God. It tells us how we are supposed to understand and live through our successes and victories. When times are good, how should we feel? Should we not be thankful and be more humble so as to be more resolved to give ourselves more to God and to others?

It also tells us how we are to react and to proceed whenever we encounter difficulties, trials, or whenever we commit mistakes, fall sick, suffer misfortunes, etc. When times are bad, are we not supposed to go to God for the sure and final relief and cure?

“Come to me, all you that labor and are burdened, and I will refresh you,” Christ said (Mt. 11,28) We should never forget these words. Again, he reassured us: “In the world you shall have distress. But have confidence, I have overcome the world.” (Jn. 16,33) It’s important that we realize that our faith, which

HINTS

always goes together with hope and charity, is the terra and Traces firma on which the seed of our

By Fr. Roy Cimagala psychological life should be planted, watered and made to grow to its fullness. It will always have a direct relevance in our psychological life. It’s not meant to be optional item in the menu.

It makes us understand the real meaning of our whole life.

It tells us what would comprise our true joy and development.

It teaches us how to handle our defeats and losses, how to find meaning in them, and even how to take advantage of them to attain our genuine good.

We should highlight some more the crucial role of faith in our psychological life, its intrinsic relation to psychology. A psychology that ignores or marginalizes the faith is always suspicious.

But, yes, we also have to explain and clarify how the faith is related to psychology. Quite often, psychology’s indifference to the faith is due to an inadequate or erroneous mentality that puts them into two disparate, even hostile compartments in our life. We should reinforce the link between them.

Nowadays, many people, even the young ones, already carry heavy psychological baggage because they cannot resolve certain questions and issues in their lives, and even those which can be considered as basic and easy questions and issues to answer.

Because there’s a lot of ignorance and confusion around, all kinds of self-inflicted and easily avoidable complications come about. People lack time and, worse, the disposition and skill to think and reflect, to study things thoroughly and to pray. That’s why they cannot help but pile up mountains of problems and complications in their lives.

We also have to explode the bias that considers faith as something too mysterious or too spiritual to be of any value in scientific psychology. We need to remind everyone that it’s precisely in one’s thoughts and desires, in one’s judgments and decisions, and the accompanying feelings, etc., where we can see the state of one’s soul.

Definitely, faith and psychology are intrinsically linked.

There are no secrets to success. It is the result of preparation, hard work, and learning from failure.

--Colin Powell

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The Night Stalker:

Billboard

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October 12-13, 2013

Oktoberfest Redux at Seda Centrio After the success of its first staging during the first weekend of October last 4 and 5, Seda Centrio is bringing back Okotoberfest on 19th October (Saturday)!

Celebrate Oktoberfest, Germany’s greatest cultural festival with the same price, same fun and free flowing Beer and a combination of native and German Food! At only Php 650.00 per person, one person comes in free for every group

of 10 guests!

Experience traditional Bavarian dishes and local delicacies and free flowing beer with live music and the ambiance of traditional Bavarian costumes by the staff !

Buy your tickets now at Seda Centrio!

Oktoberfest at Seda Centrio’s Misto poolside starts from 6PM to sawa!

Check this column for weekly updates of Seda Centrio Events.

Congressman Rufus B. Rodriguez and other members of the Philippine observer delegation to the 39th Exploraratory Talks between the Philippine government (GPH) and the Moro Islamic Liberation Front (MILF) held in Kuala Lumpur, Malaysia last August 22-25, 2013 discuss with the members of the MILF Peace Panel the power sharing and normalization annexes before attending the 2nd day of the talks. The two annexes are very crucial aspects of the peace talks as it will detail how the two sides will have inter-governmental relations. Also in the photo are (L-R): Representative Jesus Sacdalan, MILF Peace Panel members Bobby Alonto, Al Camlian, Chairman Mohagher Iqbal and House of Representatives Deputy Speaker Pangalian Balindong.

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Local... from page 2

Availing of healthcare benefits in the US undergoes tedious processes which are being outsourced by a company based in other countries with lower operation and labor costs and with an English-speaking workforce like Philippines.

Lauchangco cited factors that will drive US to outsource the management of the new healthcare as soon as it will be implemented.

These includes the urgent need to cut healthcare cost, an aging US population that increases the need for

healthcare, the rise in the incidence of diseases, the demand for trustworthy and error-free healthcare delivery, and growing requirements for an integrated healthcare system.

She said the Philippines, being the leading provider of outsourced services, will be benefitting from the potential employment that Obamacare will offer.

The US government spent US$ 3 trillion in its healthcare system in 2012, equivalent to 17 percent of its Gross Domestic Product.

The implementation of Obamacare is set to offer a US$ 54 billion-healthcare

Peso...

information management market to the Philippines from page 2 by 2015, Lauchangco added.

Thus, HIMOAP will average to 43.23. conduct a roadshow in four Volume of trade slowed major cities in the US from to US$ 997.1 million from October 20 to November day-ago’s US$ 1.07 bilion.

5 this year to promote the A trader expects the dollar Philippines as an outsource to continue to trade rangeservice location for healthcare bound in the coming days information management. with the forecast for Friday R e p o r t s s a i d t h a t between 43.10 and 43.30.

O b a m a c a r e t r i g g e r e d The trader said the dollar t h e s h u t d o w n o f t h e remains afloat even as the U S gove r n me nt as t he US government continues R e p u b l i c a n - l e d Ho u s e to be partially closed since of Repres ent at ives and investors recognize that the Democrat-led Senate did US dollar is still the safest not agree on the budget of haven globally. the US government this fiscal Questions on how long year. (PNA) the current strength of the

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City NOTICE OF EXTRA-JUDICIAL SALE File No. 2013-270 Upon extra judicial petition for sale under Act 3135 as amended filed by HOME DEVELOPMENT MUTUAL FUND or PAG-IBIG FUND, Mortgagee, against ERWIN G. PAINAGA, Mortgagor with postal address at Lot 57 Blk 17 Bloomingdale Subd., Iponan, Cagayan de Oro City to satisfy the mortgage indebtedness of THREE HUNDRED SIXTY NINE THOUSAND SEVEN HUNDRED NINETY TWO PESOS and 44/100 ( Php 369,792.44 ), inclusive of interest and penalty charges of August 19, 2013, plus expenses of foreclosure, the undersigned Sheriff will sell at public auction on November 4, 2013, at 9:00 am to 4:00 pm, at the Regional Trial Court, Branch 18, Room 117, Hall of Justice, Hayes St. Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the following property described below including all existing improvements found thereon to wit; TCT NO. T-194154 A PARCEL OF LAND (Lot 57, Blk 17,Pcs-10-003948, being a portion of Lots 3615-B, Psd-10-004675, 24178-A, Psd-10-009444, 3614-A1-B,Psd-10-009566, 24178-B-1, Psd-10- 010320,24178-B-2-A, Psd-10052968, 24178-B-2-B-1, Psd-10-054199,24178-B-2-B-6, Psd-10- 054199, 24178-C-1, Psd-10-054997, 3605 Cad 237, Cagayan Cadastre including all improvements existing thereon, situated in Barangay Iponan, City of Cagayan de Oro, Island of Mindanao, containing an area of FIFTY (50) SQUARE METERS, more or less.

All sealed bids must be submitted to the undersigned on the above – stated time and date.

In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication.

Prospective buyers may investigate for themselves the title herein above described and encumbrance thereon, if any there be.

Cagayan de Oro City, September 25, 2013.

FOR THE EX-OFFICIO PROVINCIAL SHERIFF: (Sgd.) NIZA P. TACANDONG Sheriff IV

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 21 Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF OCEAN PEARL/ROBERTO CHING

Plaintiff,

-Versus-

VENUS ANONUEVO-GACASAN

Defendant.

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

CIVIL CASE NO. 2010-065 FOR SUM OF MONEY, ETC.

NOTICE OF SALE ON EXECUTION OF REAL PROPERTY

WHEREAS, by virtue of an order of Execution issued by Honorabe GIL G. BOLLOZOS, Presiding Judge of the Regional Trial Court , Branch 21, Cagayan de Oro City on May 6, 2013 in Civil Case No. 2010-065 wherein OCEAN PEARL/ ROBERTO CHING is the plaintiff and VENUS ANONUEVO-GACASAN is the defendant for SUM OF MONEY AND ETC. by way of distraint of the sum of THREE MILLION FIVE HUNDRED TWENTY TWO THOUSAND NINE HUNDRED SIXTY THREE PESDOS (P3,522,963.00) with interests, costs, etc. levy was made by Deputy Sheriff FE O. BONTUYAN-BULARON of Regional Trial Court, Branch 17, Cagayan de Oro City on March 18,2010, thru the Provincial Register of Deeds of Bukidnon, Malaybalay City on the rights, interests and participation of said defendant VENUS ANONUEVO-GACASAN in the real property more particularly describe as follows:

TRANSFER CERTIFICATE OF TITLE NO. T-47814 Lot : Cad Lot 486, Pls-9 Location : Malabuaya, Batangan, Valencia , Bukidnon Land use : Industrial Area : Eight Hundred Four (804) sq. m.

Declared Owner : Venus Gacasan

NOW THEREFORE , by virtue of said Order of Execution and in accordance with Rule 39, Section 19, of the Rules of Court, the Sheriff of Misamis Oriental will, thru the undersigned EX-OFFICIO Sheriff, or by deputy, sell at public auction to the highest bidder, for CASH and in Philippine Currency on October 15, 2013 at 9:00 in the morning to 2:00 O’clock in the afternoon or soon thereafter at the Hall of Justice , Cagayan der Oro City, the rights , interests, and Participation of defendant VENUS ANONUEVO-GACASAN, in the above –described real property in order to satisfy said Order of Execution, together with interests, costs, Sheriff’s fees and the expense of sale.

BWM: Sept. 28, Oct. 5 & 12, 2013

from page 2

Eight commercial banks and a thrift bank tapped the facility, specifically for dollar rediscounting, during

OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE File No. 2013-238

NOTICE OF EXTRA- JUDICIAL SALE EJF No. 177-07-2013

TRANSFER CERTIFICATE OF TITLE NO. T-132498

‘’A PARCEL OF LAND (Lot 2, Block 8, of the subd. plan Psd-10-024063, being a portion of Lot 3047-B-1, Psd-10-022552. Situated in the Barangay of Carmen , City of Cagayan de Oro, Island of Mindanao. Bounded on the NW., along line 1-2 by Lot 1 of Block 8 of the Subd., plan , on the NE., along line 2-3

by Lot 3047-A Psd-10-010169; on the SE., along line 3-4 by Lot 3 of Block 8 of the Subd. plan; and on the SW., along line 4-1 by Road Lot 7. Containing an area of ONE HUNDRED FORTY SEVEN (147) square meters, more or less, including all existing improvements thereon; registered in the name of ILENE SACAY PEREZ.”

All sealed bids must be submitted to the undersigned on the above stated date, time and place.

In the event the public auction should not take place on the said date for whatever reason, the name will proceed on the following working day, without further notice, posting and publication.

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

Cagayan de Oro City, September 13, 2013 FOR THE EX-OFFICIO PROVINCIAL SHERIFF:

(Sgd.) LOVE M. VERDADERO Sheriff

Upon the Extra Judicial Petitioner for Sale under Act 3135/ 1508 as amended, filed by the 1st VALLEY BANK, DEVELOPMENT BANK, Baroy, Lanao del Norte against MYRNA Y. DINULOS, Poblacion, Baroy, Lanao del Norte to satisfy the indebtedness which as of August 26, 2013 amounting to FOUR HUNDRED THIRTY THOUSAND PESOS ( Php 430,000) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on 20th day of November 2013 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07, Poblacion, Tubod, Lanao del Norte, to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements, to win.

LIST OF MORTGAGED PROPERTIES “ A parcel of Residential land known, as Lot No. A-3-B, PSD-123503-020279 in Upper Sagadan, Municipality of Baroy Lanao del Norte, Island of Mindanao Philippines containing a total area of One Thousand One Hundred Ninety Seven (1, 197 ) SQUARE METERS more or less including all improvements found thereof and particularly bounded as follows: Lot. No. A-3-B, PSD-123503-02079 Bounded on the West along Line 1-2 by Lot A-3-( Road Lot ). On the North East, Along line 2-3 by Lot A-3-C, of the Subdivision Plan on the North East, Along Line 3-4 by Lot A-3-F, on the South East along Line 4-1 by lot A-3-A, Psd-123503020279.

All points are marked on the ground by Pls cyl. commons . The same is covered under TRANSFER CERTIFICATE OF TITLE NO. T-16,867 in the name Myrna Yu Dinulos of Poblacion, Baroy, Lanao del Norte herein mortgagor. Declared for taxation under T.D. NO 6-1900137 and assessed in the total Amount of P 35,910.00 for the Province of Lanao del Norte.

“All sealed bids must be submitted to the undersigned on the above stated time and date.

Tubod, Lanao del Norte, Philippines, this September 20 2013.

For the Clerk of Court and Ex- Officio Sheriff

(Sgd.) CONRADO V. BINGCO Sheriff IV

BWM: Oct. 5, 12 & 19, 2013

Republic of the Philippines Regional Trial Court of Misamis Oriental 10th Judicial Region Branch 38 Cagayan de Oro City IN THE MATTER OF THE CORRECTION OF ENTRY IN THE BIRTH CERTIFICATE OF MINOR MA. LOUISSE NICOLE ARPA TABAQUIN, REP. BY HER MOTHER MARITESS S. ARPA,

Petitioners,

SPEC. PROC. NO. 2013-076

-versusLOCAL CIVIL REGISTRAR OF CAGAYAN DE ORO CITY,

Respondent. x----------------------------------------------/ ORDER

Before this court is a Petition for Correction of Entry in the Certificate of Live Birth of petitioner’s daughter as to her family name, in the Office of the Local Civil Registrar of Cagayan de Oro City.

IT IS HEREBY ORDERED that said Petition be set for hearing on November 20, 2013 at 8:30 in the morning at the Session Hall of this Court, on which date, time and place, all persons who may have any opposition to the petition herein sought, may appear to show cause why said petition should not be granted.

Let this Order be published in a newspaper of general circulation in the Province Misamis Oriental once a week for three ( 3 )consecutive weeks prior to the date of hearing.

Likewise, let copies of this Order, with Petition attached, be posted by the Petitioner on the bulletin boards of the Court, the City Hall of Cagayan de Oro City and the Provincial Capitol of Misamis Oriental for at least ten ( 10 ) days prior to date of hearing.

Furnish copies of this Order and Petition to the Offices of the Solicitor General Prosecutor of Cagayan de Oro City and the Local Civil Registrar of Cagayan de Oro City.

SO ORDERED.

September 17, 2013, Cagayan de Oro City

Cagayan de Oro City, Philippines, September 16, 2013

(Sgd.) EFREN G. MACABAYA Sheriff IV

Banks...

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region OFFICE OF THE CLERK OF COURT EX- OFFICIO SHERIFF Tubod, Lanao Del Norte

BWM: Sept. 28, Oct. 5 & 12, 2013

BWM: Oct. 12, 19 & 26, 2013

the nine-month period and the loans were extended to 30 exporters.

Interest rate of the dollar facility is at 0.17885 percent annually.

There was no availment for the yen-denominated facility so far this year. Its interest rate to date is at 0.11500 per annum. (PNA)

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 25 Cagayan de Oro City

Upon extra-judicial petition for sale under Act 3135 as amended filed by HOME DEVELOPMENT MUTUAL FUND or PAG-IBIG FUND, Mortgagee, with address at J.R. Borja Street, Cagayan de Oro City, against ILENE S. PEREZ, Mortgagor, with postal address at C/O St. Ignatius Learning Center , Lot 1 , Block 67, Xavier Heights Subdivision, Balulang, Cagayan de Oro City or Lot 2 , Block 8 , Xavier Heights Subdivision, Carmen , Cagayan de Oro City, to satisfy the mortgaged indebtedness which as of August 1, 2013, amounts to TWO HUNDRED FIVE THOUSAND EIGHT HUNDRED SEVENTY THREE PESOS & 53/100 (P 205, 873.53), inclusive of interest and penalty charges , attorney’s fees equivalent to ten (10%) percent of the total indebtedness plus foreclosure expenses , the undersigned Sheriff will sell at public auction on October 30,2013 ,at 10:00 o’clock in the morning or soon thereafter at the main entrance of the Hall of Justice , Arch. Hayes Street, Cagayan de Oro City, to the highest bidder , for CASH and in Philippine Currency the property mentioned in the said mortgage which is described as follows:

greenback can be sustained are on the air and the trader said this depends on the decision of US legislators.

The US government has until October 17, 2013 to hit its US$ 16.7trillion debt ceiling but reports said US officials are considering a plan to raise the liability cap as an immediate but shortterm solution to the current situation of government finances. (PNA)

(Sgd.) EMMANUEL P. PASAL Judge BWM: Oct. 5, 12 & 19, 2013

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region Branch 28 Mambajao, Camiguin IN THE MATTER OF PETITION FOR ISSUANCE OF OWNER’S COPY OF ORIGINAL CERTIFICATE OF TITLE P-6694, LOT- NO. 1051; P-6694, LOT NO. 2090; TRANSFER CERTIFICATE OF TITLE NO. 268, LOT NO. 664 and T-267, LOT NO. 530, OF THE REGISTRY OF DEEDS OF CAMIGUIN.

MISC. CASE NO. 129

JAMES S. BOLLOZOS, Petitioner, ATTY. ALMA CONCEPCION M. PARRENO, In her capacity as Ex-Officio Register of Deeds of Camiguin.

ORDER

Let this case be set for hearing on November 5, 2013 at 8:30 o’clock in the morning, at this court. Persons interested in this petition are required to answer and appear before this court on the aforesaid date and make known their opposition thereto.

Let copy of this Order be published at petitioner’s expense once a week for three consecutive weeks prior to the date of hearing in any newspaper of general circulation in the Province of Camiguin.

For a period of fifteen (15) days prior to the date of hearing, at the expense of the petitioner. let a copy of this order and of the petition be posted at the bulletin boards of the entrance door of this Court, Hall of Justice, Mambajao, Camiguin, Public Market, Sagay, Camiguin; Municipal Hall, Sagay, Camiguin; and Provincial Capitol, Mambajao,Camiguin.

SO ORDERED.

Mambajao, Camiguin, July 29,2013 (Sgd.) JEOFFR E W. ACEBIDO

Assisting Judge BWM: Oct. 5, 12 & 19, 2013

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October 12-13, 2013

Hotel... from page 4

that was founded by Tan Sri Tony Fernandes and Dato Kamarudin Meranun.

The brand, which primarily relies on web-based technologies in engaging to its customers, seeks to innovate and revolutionize hotel services through the offering of unique and affordable packages.

The nine-storey hotel will give Davao’s combined 7,000 room capacity an additional 155 rooms.

Tune Hotel Davao will have the same set of features carried by all the brand’s properties which include a central and convenient location, 5-star quality beds, power shower, clean environment, CCTV surveillance, electronic keycard access for rooms and 24-hour security.

“Our signature 14 square meter rooms are designed for functionality to address the needs of the budget travelers,” he said.

A basic room with a fan will cost the budget traveler P788 plus the applicable government tax and service charge.

Tune Hotel is expected to have a minimal impact when it comes to employment generation since the hotel only maintains 12 to 13 regular employees while relying on a manpower agency for their housekeeping staff.

Tune Hotel has a franchise management agreement with the Red Planet Hotels Limited (RPHL), a regional hotel investment company focused on the emerging markets in Asia including Indonesia, China, Thailand and Japan.

RPHL, which is headquartered in Bangkok, owns all the hotels it operates but managed by Tune Hotels.

Cruz said it has ownership interests in 39 Tune Hotels and has a 16.05 percent ownership in the Tune Hotels company.

(PNA)

Brand... from page 4

canned fruit and vegetable categories in the US and owns number two positions in canned tomato and broth categories, providing Del Monte Pacific “significant scale and reach” as well as an opportunity “to unlock meaningful potential synergies.”

“The company expects to generate significant value creation opportunities in the US market through the expansion of DMF’s current product offering to include beverage and culinary products. We also believe that DMF’s consumer food business provides an attractive platform to offer certain products appealing to the large and fast growing Hispanic and Asian American population in the U.S. We are very excited about this historic transaction which reunites a substantial portion of the Del Monte brand family,” Gapud said.

Del Monte Pacific will finance the acquisition through a combination of equity amounting to $745 million and long-term debt financing of $930 million.

As part of the equity financing, the company plans to issue common and preferred shares in the market.

The transaction is expected to close not later than the first quarter of 2014, subject to regulatory approvals and customary closing conditions.

Del Monte Pacific pocketed $10 million in the first half, a growth of two percent from $10.4 million last year.

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Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region Branch 28 Mambajao, Camiguin RE: PETITION FOR NATURALIZATION AS A FILIPINO CITIZEN OF NOUR MALAK TAWFEEQ IBRAHIM, Petitioner, x----------------------------------------------------//

from page 1

MISC. CASE NO. 128

AMENDED ORDER

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Notice is hereby given that filed before this Court is a verified petition, to wit:

Petitioner, with the assistance of undersigned counsel, to the Honorable Court most respectfully avers:

A.

That PETITIONER has all the QUALIFICATIONS to be naturalized as a citizen of the Republic of the Philippines thusly: 1. That he is an Egyptian Citizen born at Fayoum, Egypt on the 11th day of May 1961 to Egyptian parents. He is presently 52 years of age; 2. That he is now permanently residing at Balintawak, Mambajao, Camiguin; 3. That he previously resided at Egypt in Fayoum; 4. That he is a person of good moral character which fact petitioner will prove in the course of this petition. He is also presently a Pastor for the Way Ministries which is a SEC registered religious corporation under SEC Reg. No. H199600086 and headed by its Senior Pastor Roberto J. Tayag Jr.; 5. That he is active socially in the Philippines and especially in the Province of Camiguin. He actively preaches to his church members and also offers to preach in social gatherings. In fact he continuously preaches the Word of God to the Philippine national Police and assisting them in their moral recovery program. He started this way back in the year 1994; 6. That petitioner has always conducted himself in a proper and irreproachable manner towards his dealings with his community and with the duly constituted government . He has no records of any improprieties or misunderstandings with neighbors with the Barangay Office, with the Police Office or before the national Bureau of Investigation. Neither has he any records with any Courts of the country. Nor does he have any such record in his own country, Egypt; 7. That he owns a conjugal residential building situated at Balintawak, Mambajao, Camiguin where he and his family resides. That the value of this building exceeds five thousand pesos (P5,000.00) Philippine Currency.

8. That he is lawfully engaged as a Pastor for The Way Ministries for which he receives sufficient funds in the form of ‘’love gifts’’ allowing him to lead a reasonably comfortable and stable family life; 9. That he is well versed in the Visayan and English language. He is also familiar with the Tagalog language; 10. That he has two children with his Filipino wife, VISITACION LUSPO, These children are EPHRAM L. MALAK and ZECHARIAH LEE L. MALAK; 11. That both children were born at Mambajao, Camiguin on September 15, 1994 and February 23, 1996, respectively; 12. That the elder child is currently enrolled at Lourdes College at Cagayan de Oro City as a 3rd year College student taking up Hotel and Restaurant Management (HRM) while the younger child is currently a student of the Mindanao Sanitarium College at Iligan City and enrolled as a second year student of its Medical Technology course; 13. That both children completed their primary and secondary education under the public school system of the Philippines.

Both of them studied at Mambajao Central School in elementary while also both studied at Camiguin Polytechnic State College in high school; 14. That petitioner married his Filipino wife VISITACION LUSPO at The Evangelical Church at Ali Ain, Abu Dhabi on December 5, 1991. The marriage has been duly reported to the Philippine Government; 15. That petitioner and his family permanently resides at their residence in Sitio Balintawak , Mambajao , Camiguin, however the education of the children necessitates their absence therefrom when school is in attendance; 16. That petitioner’s wife is gainfully employed as a Medical Technologist at the Camiguin General Hospital in Mambajao; 17. That petitioner has been a resident of the Philippines for twenty two (22) years thus far exceeding the required ten (10) year residency under Commonwealth Act No. 473 under which law this petition is filed. Further, being a married to a Filipino ,he falls under the exception provided under Section 3, subparagraph 3 of the same law reducing his required residency to five (5) years; 18. That petitioner arrived in the Philippines in the year 1992 on board one of the Aircraft in the fleet of Malaysian Airlines which departed from India. Petitioner unboarded at Ninoy Aquino International Airport (NAIA) at manila, Philippines.

B. That PETITIONER has NONE of the DISQUALIFICATION LAID DOWN BY Commonwealth Act No. 473 to become a NATURALIZED FILIPINO: 19. That petitioner is not opposed to organized government or affiliated with any association or group of persons who uphold and teach doctrines opposing all organized government; 20. That being a pastor of The Way Ministries and a law abiding person,he does not defend or teach the necessity or propriety of violence, personal assault or assassination for the success and predominance of his ideas; 21. That neither is he a polygamist or a believer in the practice of polygamy in fact, his church teaches against such practice and actively promotes monogamy; 22. That he has not been previously convicted of crimes involving moral turpitude or any other crime for that matter; 23. That he is of sound mind and body and as such is not suffering from any mental alienation or under any incurable disease; 24. That during his period of stay in the Philippines, he has mingled socially with the Filipinos in his community. He also learned and embraced the customs, traditions and ideals of his wife and her people, i.e., the Filipinos; 25. That the State of Egypt is not at war with the Republic of the Philippines; 26. That the State of Egypt allows Filipino citizens to become naturalized citizens thereof; C. That PETITIONER has complied with Section 5 of Commonwealth Act No. 473 requiring him to submit his Declaration of Intention one (1) year prior to the filing of this present petition for naturalization to the Office of the Solicitor General; 27. That attached hereto as annex ‘’A’’ is the Bona Fide Declaration of Intention of petitioner duly filed with the Office of the Solicitor General on June 26, 2013. Attached also in a separate coupon bond as annex ‘’B’’ are the registered receipt and receipt of the private courier as proof that the petitioner has filed the said legal document with the Solicitor General; 28. That previously , petitioner has personally filed with the same office declaration of the same import on July 14, 2011 duly recorded thereat as File No. 6494 under receipt number 4311445, a copy of which is attached hereto as annex ‘’C’’; 29. That petitioner has attached two photographs of himself as annex ‘’D’’, a certification of his arrival in the country as annex ‘’E’’ and affidavits of his witnesses USEC. ANTONIETO GALLARDO AND ATTY. VITO CARRILLO attesting to his qualifications to be naturalized as a Filipino citizen under CA 473 as annexes ‘’F’’ and ‘’G’’, respectively; 30. That petitioner in the mentioned declaration has included all the pertinent information required by Sec. 5 of CA No. 473 D. That PETITIONER undertakes to reside continuously in the Philippines from the date of this petition up to the time when his admission to Philippine Citizenship will be granted.

WHEREFORE, petitioner prays that he be granted the privilege of becoming a citizen of the country which he has grown to love and respect and to finally become a FILIPINO CITIZEN.

Finding the petition sufficient in form and substance , it is hereby set for hearing on June 24, 2014 at 8:30 o’clock in the morning.

At the expense of the petitioner , let a copy of this Order be published at least once a week for three (3) consecutive weeks in a newspaper of general circulation in the Province of Camiguin and in the Official Gazette. The Process Server of this Court is directed to post copies of this Order in the following public places: 1.) Bulletin Board –Public Market, Mambajao, Camiguin; 2)Bulletin Board-Municipal Hall,Mambajao, Camiguin; 3) Bulletin Board- Provincial Capitol, Mambajao, Camiguin and 4) Bulletin Board-this Court.

The Local Civil Registrar of Mambajao, Camiguin or any person having or claiming any interest on the naturalization of NOUR MALAK TAWFEEQ IBRAHIM, changing his citizenship from an Egyptian National to Filipino citizen may appear at the hearing and oppose the petition.

Petitioner is directed to furnish copy of this Order and the Petition to the Local Civil Registrar of Mambajao, Camiguin and the Office of the Solicitor General.

The petitioner shall at the hearing submit proof of publication and of the service of the copy of the Petition and order as directed by the Court

SO ORDERED.

Done this 29th day of September, 2013 at Mambajao, Camiguin.

(Sgd.) JEOFFRE W. ACEBIDO

Acting Presiding Judge BWM: Oct. 5, 12 & 19, 2013

measures put in place, according to a 2012 study released by the World Wide Fund for Nature (WWF).

Weather data from PAGASA over a 20-year period, from 1990 to 2010, show that while the city has an even year-round rainfall and lies in a typhoon-free zone, there has been a “moderately increasing trend in annual rainfall,” saidf Jose Ma. Lorenzo Tan, CEO and Vice-Chairman of WWF. Tan shared the results of the WWF study entitled Business Risk Assessment and the Management of Climate Change Impacts during a recent forum organized by the National Competitiveness Council.

The study analyzed weather data recorded for two decades for eight cities that, aside from Davao City, also included Baguio City, Cebu City, Iloilo City, Cagayan de Oro City, Dagupan City, Laoag City, and Zamboanga City.

The information was used to predict how climate change could affect trade and industry in these areas over 50 years, and how local authorities and private stakeholders can counter its adverse consequences as early as now.

The study indicates that Davao City will have to deal with climate change impacts such as rising sea levels, increased sea surface temperatures, ocean acidification, and variability in the amount of rainfall.

“Unless and until this rainfall trend reverses itself, it is likely that Davao’s growing economy will have to manage increased rainfall, river flow, and flooding,” he said.

The report looked at certain industries in the city and their vulnerability to environmental disturbances. For instance, rising sea levels may create problems for the city’s ports, a nerve center for Davao City’s economy that serves a variety of ships handling both cargo and passengers. In agriculture, there is the danger of rat infestation coming with incidents of heavy rains.

The city has been enjoying economic growth as a result of the generally robust agricultural, shipping, trade, and tourism sectors.

Agriculture is Davao’s largest economic sector with banana, pineapple, durian, mango, and papaya as the top fruit crops in 2010. Durian showed the most significant increase in terms of fruit crop production from 1990 to 2010.

Banana production is the sectoral leader in tonnage and has more than doubled over 20 years. Corn production delivered a robust pattern of growth, more than doubling from 1990 to 2010.

In addition, foreign trade trends in Davao have been overwhelmingly positive. Imports increased 4.27 times from 1990 to 2010, while exports rose 12.96 times over the same period.

Shipping and sea-based transport remains a significant growth driver.

The volume of cargo handled at the city’s ports increased by 61 percent increase over from 1995 to 2009.

Tourism is a vibrant sector as well, with significant growth recorded over the last 10 years. In 2010, the total estimated tourist receipts of the city hit P9.55 billion.

To protect all these gains, the study recommends sustainable, integrated area development for Davao City. “Its opportunity is to do things the right way,” it says. This means the effective and sustained management of essential utilities like water and power, basic services, and food security “driven by innovative agricultural formulas.”

It also suggests effective and sustained management of “climatesmart” zoning, mass transit, land use and infrastructure, and efficient land and sea access to developed centers in Mindanao and nationwide.

“Davao has found its place in the sun. [It] should take a close look at the city’s shipping fleet and port facilities, and take the necessary steps to ensure that they are upgraded to deal with the impacts of climate change.”

Beyond this, there is a need to ensure the continuity of these sustainability steps by the local government, the private sector, and the population.

This, according to the study, is the best move “if this city is to sustain and re-engineer its agricultural strengths, and avoid the disorganized congestion that characterizes many other cities, emerging as a new center for livability and competitiveness in a climate-defined world.”

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Philippine Ambassador to Malaysia Ed Malaya briefs Congressman Rufus B. Rodriguez and other members of the Philippine observer delegation to the 39th Exploraratory Talks between the Philippine government (GPH) and the Moro Islamic Liberation Front (MILF) in the Philippine Embassy in Malaysia. Ambassador Malaya discussed various issues with the Congressmen including the plan of Malaysia to deport 450,000 Filipino from Sabah back to the Philippines. Rep Rodriguez raised his concerns regarding this issue and promised to help find a solution to ensure that the rights of these deportees will not be violated. Also in the photo are (L-R): House of Representatives Deputy Speaker Pangalian Balindong and Representative Jesus Sacdalan.

Expects... from page 1

515MW. The three power projects expected to be fully operational in the next three years are the 300MW coal plant of Therma South Inc. of the Aboitiz Group; 200MW coal plant of the Sarangani Energy Corporation of the Alcantara Group; and 15MW diesel plant of Mapalad Energy Generating Corporation.

The target commissioning of these “firmed up” power projects would be from 2013 until year 2016, putting in the muchneeded additional megawatts in all three major power grids.

To be labeled as “committed project” would be a very significant development for the industry because this is the phase in project implementation wherein construction and commercial commissioning can already be set certain.

The committed power projects for Luzon are the 270MW phases 1 and 2 Pulang Bato coal facility of South Luzon Thermal Energy Corporation of the Ayala Group and TransAsia joint venture; 300-MW Calaca plant expansion of the Consunji group; 20MW Maibarara geothermal power project; 67.5MW Pililla wind project of Alternergy Wind One Corporation; 9.9MW biomass plant of San Jose City I Power Corporation; 18MW biomass facility of Isabela Biomass Energy Corporation; and 82MW coal plant of Anda Power Corporation.

In that project list are two renewable energy (RE) ventures which have applied for availment under the feed-in-tariff (FIT) system. These are the wind project of Alternergy and the Isabela biomass plant.

The roster of committed projects for Visayas grid covered the 270MW coal plant project of Palm Thermal Consolidated Holdings Corporation; 82MW coal plant of Toledo Power Company; 50MW Nasulo geothermal project of Energy Development Corporation; 8.0MW Villasiga hydroelectric facility of Sunwest Water & Electric Co. Inc.; 3.6MW biomass plant of Asian Energy System; and the 16MW biomass project

of San Carlos BioPower Inc. On indicative projects, the energy department logged proposed investments for Luzon grid with total installed capacity 10,152.5MW – targeted for implementation from 2015 until 2020.

Prospective projects for Visayas grid could yield additional 718MW; while Mindanao grid penciled in capacity additions of 2,534.6 megawatts.

ARMM... from page 1

Cooperative (Lasureco) with the National Power Corporation, from where it gets power to sell to residents of more than 40 towns in Lanao del Sur and in Marawi City, have also risen to P7 billion in recent years.

Lanao del Sur Gov. Mamintal Adiong Jr. and Gov. Mujiv Hataman of the Autonomous Region in Muslim Mindanao both urged the NEA and the Department of Energy to look into the issue during Monday’s meeting here of the Regional Economic Development and Planning Board (REDPB).

Adiong said the power woes in the province worsened after the May 13 elections when Lasureco officials cut the supply of power to towns whose residents did not vote for their relatives that ran for elective positions in the province.

An emotional Adiong told members of the inter-agency REDPB that Lasureco has been serving more than 40 Lanao del Sur towns without any calibration system to determine the volume of the daily electricity consumption of thousands of households benefiting from such irregular power supply arrangement.

Adiong said Lasureco only collects between P300,000 and P400,000 from the local government unit of each town in exchange for an unlimited supply of electricity.

The supply contracts are not even covered by proper documentation and transaction receipts.

Adiong said Lasureco only have meters in the houses of consumers in the towns of Saguiran and Balindong, and in Marawi City, the capital of

11

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Lanao del Sur. He said the province has also been experiencing four to five power interruptions each day for several months now despite the proximity of Lanao del Sur to several hydro-electric plants in Lake Lanao.

The downstream gush of the highland Lake Lanao to the seacoasts of Lanao del Norte and Iligan City propels Napocor’s gigantic turbines generating electricity for the Mindanao power grid.

The hydro-electric plants in Lanao del Sur supplies about three-fourths of Mindanao’s daily power requirements.

Hataman said he will have the operation of Lasureco evaluated by the ARMM’s Cooperatives Development Authority.

Members of the REDPB, which is ARMM’s highest economic planning board comprised of representatives from LGUs, the 24-seat Regional Legislative Assembly, and regional line agencies, agreed to hold a “power summit” soon to discuss possible solutions to the problem.

The power woes besetting Lanao del Sur have also affected Maguindanao province, whose power utility, the Maguindanao Electric Cooperative (Magelco), also depends on the hydroelectric plants propelled by Lake Lanao.

Maguindanao is also a component area of the autonomous region.

Magelco also has an unpaid P700 million account with the Napocor, according to cooperative officials.

Hataman said the power utilities in Basilan, Sulu and Tawi-Tawi also owe the Napocor about P4 billion worth of unpaid electricity.

“This is something we need to address with the help of the NEA and the DOE,” Hataman said.

Functions and powers of the NEA and DOE are not among those the national government had devolved to ARMM as provided for by the region’s charter, Republic Act 9050.

Hataman’s office does not have ministerial control of cooperative power utilities operating in the autonomous region either.

“Just the same, we have to fuse ranks and look into these concerns, which can stifle the socio-economic growth of ARMM,” Hataman said.

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said DOTC spokesperson Migs Sagcal.

“We are aiming for this to be up by summer next year,” he added.

The three other contracts and their winning bidders are as follows: - The Dipolog Airport Development Project was awarded to V.T. Lao Construction, which offered P26,695,751.89, or below the bid ceiling of P34,256,439.56. The project involves the construction of river protection and runway strip grade correction.

- The Zamboanga Airport Development Project was awarded to Advance Tech Construction & Trading Corporation, which offered P5,738,808.80, or below the bid ceiling of P6,019,216.26.

The project involves creek desiltation, de-clogging of box culvert, and construction of a steel strainer.

- The Catarman Airport Development Project was awarded to Vesa Engineering and Construction, which offered P7,520,088.88, or below the bid ceiling of P7,563,953.07.

It covers asphalt overlay of the runway and construction of the perimeter fence.

The DOTC said it has saved at least P9 million from these projects, adding that the savings will be used for the Disbursement Acceleration Program (DAP).

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