BusinessWeek Mindanao (October 13, 2014)

BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 55

Market Indicators

As of 6:12 pm oct. 11, 2014 (saturday)

FOREX

PHISIX

US$1 = P44.77

7,167.35 points

cents

X

34.54 points

X

15

Briefly ARMM investments ZAMBOANGA City -- The Autonomous Region in Muslim Mindanao (ARMM) for 2013 has recorded P1.463 billion in investments, 157 percent higher than last year’s P569 million.

Ishak Mastura, chair and managing head of Regional Board of Investment (RBOIARMM), said this was the second time the ARMM hit the P1 billion mark. The first was in 2011.

The RBOI-ARMM has registered four firms this year that availed of both fiscal and non-fiscal investment incentives.

One of these companies is AlTawi-Tawi Nickel Corporation (ANC) which emerged as the top investor that poured in P707.9 million for an expansion project on mining and quarrying of nickel ore in Barangay Tumbagaan, Languyan, Tawi-Tawi.

The second top investor was the Bumbaran Development Corporation, which constructed 1,500 housing units worth P365 million in Barangay Sarmiento, Parang, Maguindanao.

Anti-dengue drive COUNCILOR Dante Pajo, chair of the City Council committee on health, urges barangay officials, especially barangay kagawads who chair their respective health committees, to actively participate in the “Kampanya Batok Denque.”

“Let us initiate programs and activities in our barangays like strictly implementing our city Ordinance 10044-2006,” Pajo said.

The ordinance regulates the storing or stockpiling of used tires, tin cans, flower pots and other containers that can be breeding grounds of denquecarrying mosquitoes.

Section 4 provides that any person found guilty of violating the provision of the ordinance shall be guilty of a misdemeanor, and upon conviction shall be punished by a fine not to exceed Five Thousand Pesos (P5,000.00) or by imprisonment for a period not to exceed six (6) months, or both fine and imprisonment.

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Alsons starts construction of coal-fired power plant Z

By MINDANEWS

AMBOANGA City -- The San Ramon Power Inc. (SRPI) of the Alcantara Group is set to start the construction of its 105-megawatt (MW) coal-fired power plant in this city after the Energy Regulatory Commission approved its power sale agreement with the local electric cooperative.

BRAND NEW SCHOOL. Cagayan de Oro City Mayor Oscar Moreno (center) signs a deed of donation last week for the newly constructed two-classroom building constructed

by Aboitiz Foundation and Therma South, a wholly-owned subsidiary of Aboitiz Power. Benjamin Carioso Jr. (left) signs for Therma South while Agusto Carpio II (right) signs for Aboitiz Foundation.

SRPI consultant Ruben Conti said the construction will likely start in the second

quarter of next year and will be completed in three years’ time.

Conti made the announcement citing the ERC’s approval of the power sale agreement between SRPI and the Zamboanga City Electric Cooperative (Zamcelco).

SRPI and Zamcelco signed the agreement on March 26, 2013 and submitted it to ERC for approval.

Conti said the PSA was approved on September 15 and was posted on the ERC alsons/PAGE 7

mindanews photo by froilan gallardo

JICA completes new GIS database for Bangsamoro

By MINDANEWS

KO R O NA DA L C i t y - The Japan International Cooperation Agency (JICA) has recently completed an updated Geographic Information Systems (GIS) database for the envisioned B ang s am oro re g i on i n Mindanao.

Nor i a k i Niwa, JICA country chief representative, s ai d t h e y h ave tu r n e d over the more detailed Bangsamoro GIS database to the Bangsamoro Development Agency (BDA), the development arm of the jica/PAGE 7

Filinvest inks power supply deal with Moresco 1, Buseco

By IRENE DAYO, Staff Writer

THE Filinvest Group has sought regulatory approval to supply power to electric cooperatives in northern M i n d an a o t h rou g h it s subsidiary FDC Misamis Power Corp.

In its applications before t he Energ y R egu l ator y Commission, FDC Misamis Power Corp has indicated it already signed a power purchase agreements with filinvest/PAGE 7

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FNRI bares latest survey results

By JORIE C. VALCORZA, Contributor

THE Food and Nutrition Research Institute of the Department of Science and Technology (FNRI-DOST) pooled various stakeholders from the government

a n d p r i v at e s e c t o r o n Wednesday, October 8, to disseminate the results of the 8th National Nutrition Survey (NNS).

This was undertaken to

update key stakeholders in food nutrition and health programs on the sur vey results, that they may also recommend possible action points for application of the results in local policymaking and program

planning.

Researchers presented fast facts on the prevalence of underweight, stunting, wasting, and overweight to children aging 0 to 19 years old, including chronic energy deficiency, obesity,

and high waist circumference among adults.

T h e for u m l i ke w i s e provides venue for interactive sessions that facilitates not only recommendations but also sharing of experiences.

Prioritization on oral hy g i e n e i n t e r v e n t i o n s and caring practices of caregivers and grandparents are just some of the inputs gathered for a more focused inter vention to address malnutrition.

TESDA ramps up tech-voc initiative in Caraga, Northern Mindanao TOUCHING bas e wit h partner local government units, training institutions and industry associations in the promotion of technical vocational (tech-voc) education, Secretary Joel Villanueva vowed to bring more scholarships, greater training opportunities and a bit of entertainment with skills demonstration and basketball exhibition games featuring tech-voc graduates.

Vi l l anue va, dire c tor general of the Technical Education and Skills Development Authority (TESDA), hit the road on October 7 for his four-day trip that would take him to the Caraga and Northern Mindanao regions.

“At each stop, we will point out the government’s efforts in ensuring that every Filipino youth has the opportunity to achieve quality education that

is affordable and relevant, and potential avenue for employment,” he said.

In his first event on Tuesday, Octob er 7, at Robinsons Mall in Butuan City, Villanueva led in awarding scholarship vouchers to beneficiaries before motoring to the TESDA Provincial Training Center in Surigao del Norte to speak at the TVET (Technical Vocational Education and Training) Stakeholders, Trainers and Assessors Conference.

On October 8, he traveled to Cabadbaran City in Agusan del Norte and to Gingoog City in Misamis Oriental to attend the graduation rites of the Global Mindanaw Polytechnic Inc. and meet with local officials.

In the city, Villanueva joined the basketball

exhibition game dubbed “Shoot for your Dreams” organized by TESDA Region X as part of its social marketing and advocacy program.

Villanueva will play anew in the exhibition match, this time, at the Xavier University in Cagayan de Oro City on October 9.

Feting women entrepreneurs who were trained to better manage t heir business es under the Coke-TESDA STAR (Sari-Sari Store Training and Access to Resources) program, Villanueva will be the guest of honor during their graduation ceremony in Misamis Oriental and in Cagayan de Oro City.

Capping his Mindanao trip, Villanueva will meet with local officials of Misamis Oriental and visit the Libertad tesda/PAGE 7

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T

A Two-Way Conversation

hin k a minute…D o you sometimes wonder why you didn’t get what you prayed for? Does God really listen and answer our prayers? Is talking with God just something we do to make us feel good about ourselves?

How should we pray?

Some people sit back after they pray and wait for God to bring them what they want like a waiter in a restaurant?

A wise man said: “We are a part of the answer to every prayer that we pray.” So if we ask God to help us do better in school, then we must do our part of studying more and maybe even getting extra help from someone. We can’t expect God to magically put the answers into our brain the day of the test! It could be that while we’re waiting for God to do something, He’s waiting for us to do our part and responsibility.

Prayer is a two-way conversation. Prayer is not us getting God to do what we want; it’s more God telling us what He wants so we can learn how to live His successful, satisfying life. And He’s already told us how to live well through Jesus Christ’s life and teaching, the whole Bible, as well as through our thoughts while we’re listening to Him in prayer.

Imagine if God always gave us everything we ask

THINK

A Minute

By Jhan Tiafau Hurst

for. Then we would just give Him our orders, forget Him, and go on living our own way. But God created each of us to enjoy a daily, personal relationship with Him. Maybe He’s not giving us exactly what we’re asking for to get our attention, so we’ll start getting closer to Him so we can listen and learn His right, happy way of living. You see, prayer does not only change things, prayer changes US! Other times God wants us to wait, even when we ask Him for good things, because He knows our real reasons and motives are wrong and greedy. Or, if we’re asking God to change someone else instead of changing us, then that problem or difficult person may not go away because God wants us to change our heart and hurst/PAGE 7

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We Have an Intruder in the House

R

ecently, the Washington Post reported that on September 19, a former sniper, jumped the fence at the White House, burst through the front door and ran 130 feet into the East Room. The East Room is used for events and receptions.

The intruder, who had previous arrests for carrying deadly weapons, had a knife.

Secret service men tackled the intruder before he got any further. He is now facing criminal charges.

President Obama was not in the White House at the time but the security breach raised a howl in the US Congress causing the head of the Secret Service to resign.

A parallel breach recently hit America’s biggest bank JP Morgan Chase. Just like the White House, the bank with its huge investments in security systems is supposedly one of the most protected.

According to the New York Times, hackers began intruding into JP Morgan in June but were not discovered until July.

As required by law, JP Morgan Chase has filed disclosures about the cyber breaches.

The New York Times, quoting JP Morgan Chase’s disclosures, reported that as many as 76 mi l lion h ou s e h o l d s a n d s e v e n million small businesses have been compromised.

The New York Times further reported: “Operating overseas, the hackers gained access to the names, addresses, phone numbers and emails of JP Morgan account holders.”

Bank executives were quick to contain the fallout reassuring its customers that “no money had been taken” and that “there is no evidence of fraud involving the use of customer information”.

St i l l, t he Ne w York Times concluded: “Even if no customer financial information was taken, the apparent breadth and depth of the JP Morgan attack shows how vulnerable Wall Street institutions are to cybercrime.”

Jamie Dimon, CEO of JP Morgan Chase, agreed.

“..(C)yberattacks are growing every day in strength and velocity across the globe.

Even though the bank has fortified its defenses against the attacks, the battle is continual and likely neverending.”

The extent and severity of the hacking incident has reportedly so unnerved not only Wall Street but even the White House. A White House insider reported that cyber situationers are now part of the security briefings for President Obama alongside the regular menu such as the ISIS threat and the situation in Ukraine.

As the story of the JP Morgan attacks unraveled, a number of conspiracy theories have emerged.

The principal suspect is Russia. There is speculation that the attacks were not about profit, but about politics. The attacks could be a retaliation over sanctions imposed on Russia due to its actions in Ukraine.

The other usual suspect is China which the FBI has routinely accused of cyber attacks and spying. Five

SPEAKING

O ut

By Ignacio Bunye

Chinese military officers have b een indicted for hacking into US companies in May. What can we learn from the JP Morgan Chase attack?

If it can happen to JP Morgan, it can just as well happen to the Big Boys in Philippine banking. Much more so, to the Smaller Boys.

In cas e we los e our deposit(s) in a cyber attack, are we protected to the extent provided for under the Philippine Deposit Insurance Act? Something to think about.

For feedback, you may email us at totingbunye2000@ gmail.com.

“Kill the Man Who Stole Boy’s P200 Earnings”

L

IFE’S INSPIRATIONS: “… The Spirit clearly says that in later times some will abandon the faith and follow deceiving spirits and things taught by demons…”

(1 Timothy 4:1, the Holy Bible).

-ooo “KILL THE MAN WHO STOLE BOY’S P200 EARNINGS”: Almost all persons I talked to, who saw in Facebook or heard over the radio about a very young boy whose P200.00 earnings from selling pan de sal were forcibly taken from him by a hold-up man in Deparo, Caloocan City, last Thursday, October 09, 2014, said they wanted the hold-up man arrested and killed instantly.

That kind of a reaction, t hou g h d ange rous and is pushing our people to the brink of lawlessness and anarchy, encouraging them to take the law into their own hands simply because government and police officials have become so inutile and useless in pre vent ing cr imes and assaults against them, is understandable, for so many reasons.

I mean, who is the man in his right mind who would steal from a boy who, at his young age, already knew how to earn decently and honestly? The video of the

boy posted in Facebook by a netizen showed the boy not only crying and totally dazed while holding on to the Styrofoam box that contained the pan de sal he was selling, but was even shaking all over, obviously from great shock and consuming terror.

-ooo PNOY & PNP EMBOLDEN RP CRIMINALS: And President Aquino and his allies still have the gall to keep trumpeting that his government, and the Philippine National Police under embattled Director General Alan La Madrid Purisima, have criminality in check, and the peace and order situation in the country stabilized?

The hold-up of the boy happened in Caloocan City, right in Metro Manila, in the seat of government power, and yet no one but one was able to protect him from a lawless brigand. Indeed, as the National Transformation Council is saying, in its Lipa City and Cebu Declarations, Aquino and his incompetent officials have become the dangers to our country and our people, because of their inability to govern well, and to stop criminality.

What cannot be denied by Aquino and Purisima, and the entire government headed

by Aquino, is the paralysis of righteousness that has

gripped the country from the moment he was sworn in to office in 2010. Good manners and right conduct flew out of our windows, integrity in government service disintegrated, and disregard and disobedience to the law and to dulyconstituted authorities like the Supreme Court became the norm, from the President down to many of his allies, emboldening the criminals in our midst.

-ooo IS THERE STILL HOPE FOR FILIPINOS UNDER PNOY? Is there still any hope left for us, ordinary Filipinos, in the face of thieving, plundering, inept, and incompetent political and government leaders and hungry citizens running berserk? Let us not forget that this kind of fate was prophesied to happen in the book that may are trying to discredit throughout the ages but which has repeatedly proved its truthfulness and accuracy through the occurrence of the prophecies written in its pages.

In 1 Timothy 3 of that book, the Bible, we were told: “There will be terrible times in the last days. People will be lovers of themselves, lovers of money, boastful, proud, abusive, disobedient to their parents, ungrateful, unholy, without love, unforgiving,

K akampi

Mo A ng Batas

By Atty. Batas Mauricio

slanderous, without selfcontrol, brutal, not lovers of the good, treacherous, rash, conceited, lovers of pleasure rather than lovers of God…” And many people will become this kind of evil because, as 1 Timothy 4 of the Bible also said, people will no longer be listening to God, not reading and obeying His commands in the Bible. Instead, they will be listening to evil teachings.

Indeed, these prophecies are playing out and are coming true at this point, and only a return to God in all sincerity will change all these.

-ooo REACTIONS? Please call me at 0917 984 24 68, 0918 574 0193, 0922 833 43 96. Email: batasmauricio@yahoo.com, mmauriciojr111@gmail.com, melaniolazomauriciojr@ outlook.com.

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Why plant more mangroves?

Eco-friendly property shares reasons Primavera Residences recently joined the mangrove planting activity conducted by Philippine Air Force TOG 10 and Misamis Oriental General Comprehensive High School (MOGCHS) in Barangay Bonbon, Cagayan de Oro City last October 11, 2014.

“Being the first ecofriendly building in Cagayan de Oro, Primavera Residences advocates environmental protection and conservation, and we are very honored and happy to support this activity,” says Ms. Gladys Echano, VP for Sales of Primavera Residences.

Mangrove forests are among the most productive ecosystems and are especially helpful in coastal areas such as Cagayan de Oro City.

Aside from providing goods worldwide that account to approximately US$186 million each year, mangroves also serve as protection and shelter against extreme weather conditions – something Kagay-anons are unfortunately familiar with.

Here are more reasons why planting mangroves is one of the extremely important things you can do to save our community and our planet, as shared by Jane Duterte, PR & Marketing Manager of Primavera Residences.

clarity and quality of water.

tat for various animal species Different varieties of fishes, crabs, shrimps, mollusks, and other marine life seek shelter and thrive in mangrove forests. Mangroves are also home to birds and mammals such as the mangrove monkeys of South Asia, and also serve as nurseries and breeding grounds for several types of fishes and invertebrates. These natural fisheries provide food for thousands of coastal communities around the world.

2. Mangroves create liveli1. Mangroves provide a habi- hoods for communities

Fishing, gathering of crustaceans and use of mangrove timber are just some of the livelihoods being provided by mangrove forests. Mangrove wood is very valuable because it is resistant to rotting and insects, and this is why several communities around the world rely on it for construction and for fuel.

Other opportunities created by mangrove forests include tourism (imagine snorkeling in and around mangrove trees and marveling at the diverse marine life amidst a backdrop of interwoven mangrove roots!), plant products

(some medicinal plants thrive in mangrove ecosystems, and mangrove leaves are also used as animal feeds), and myriad other economic potentials.

In a study made in 2007, it was reported that one hectare alone of a mangrove forest has an annual economic value of around US$12,000. That’s roughly P540,000 in Philippine pesos. Now can you imagine how that would help the local economy and the local communities?

3. Mangroves protect coastal areas Mangroves have been

known to provide a buffer against extreme weather conditions like storms, tsunamis, cyclones, floods, and hurricane winds. There are several reports of villages being saved from tsunami destruction by the belt of mangroves protecting the shoreline. Because mangrove trees absorb and disperse tidal surges, coastal communities which are prone to calamities can definitely benefit from more mangrove reforestation programs.

Aside from these, mangroves also filter pollutants and trap sediments coming from land, thereby maintaining the

The recent mangrove planting activity is one of the environment conservation initiatives being supported

by Italpinas Euroasian Design and Eco-development Corporation (ITPI), the developer of Primavera Residences. It also advocates renewable energy production and aims to lessen the impact of real estate in the environment through principles of sustainable design and green architecture.

Super structure, multiawarded eco-friendly design Primavera Residences is the premier green condominium in the country. It is internationally awarded due to its eco-friendly design that allows residents to save up to 32% in energy consumption because of the building’s natural ventilation and heat reduction features.

The structure of Primavera Residences is also designed to withstand strong earthquakes, typhoons, and other natural calamities, while its elevated location at 110 meters above sea level makes it flood-free and ideal for safe, hassle-free, and convenient eco-friendly living.

For more information about Primavera Residences, visit www.primaveraresidences.com or call 088-8805002.

SCG-Mariwasa launches alternative biomass project to benefit typhoon victims T hough it has almost been a year since typhoon Yolanda hit the country, many are still struggling to rebuild, including the municipality of Lawaan in Eastern Samar.

To help those affected by the typhoon, SCG and its subsidiary, Mariwasa, has partnered with the Office of the Presidential Assistant for Rehabilitation and Recovery (OPARR) and the Lawaan local government to create a program that can benefit this municipality. This project, which will be the very first of its kind as part of the country’s rehabilitation efforts post typhoon Yolanda, aims to gather all the uprooted coconut trees caused by the typhoon and use them as an alternative source of energy.

“Lawaan was badly affected

by Typhoon Yolanda, where the extent of the damage that happened in other areas, such as Tacloban, happened to us as well. Many lives were lost and our entire infrastructure was damaged. Moreover, the environment of the area was

Mr. Phaskorn Buranawit, President of Mariwasa Siam Ceramics, Inc. (3rd from left) shakes hands with Sec. Panfilo Lacson, Sr. Secretary of OPARR (3rd from right) after the Memorandum of Understanding signing, along with (from left to right) Hon. Candida Eligio Garbornes, Mayor of the Municipality of Lawaan, Mr. Sunchai Jindasri, President of SCG Marketing Philippines, Ms. Emilie Maramag, Vice President for Finance & Admin of Mariwasa Siam Ceramics, Inc., and Undersecretary Danilo A. Antonio, Business and Civil Society Organization Unit of OPARR.

also affected, with hectares of coconut trees that were uprooted and damaged as well,” shared Hon. Candida Eligio Garbornes, Mayor of the Municipality of Lawaan in Eastern Samar.

The uprooted coconut trees are a concern for Lawaan because as these trees

decompose, they will attract insects in the area, which will destroy the crops and farming lands of the locals.

With an estimated 356, 580 damaged coconut trees in the region, locals have resorted to burning the felled trees, which is detrimental to the environment. The project

will enjoin the communities in Lawaan to clear vast areas of felled trees. With the help of SCG-Mariwasa in providing the necessary tools and vehicles for clearing and transportation, the coconut trees will be delivered to Mariwasa to be transformed into a usable resource which

will power Mariwasa’s plants while helping sustain Lawaan’s environment.

“The partnership will be a big help for Lawaan since there are so many aspects that we need to focus on and rehabilitate. This project will help clear the debris and maintain the natural balance of the environment in the area,” shared Hon. Garbornes.

In addition to helping the municipality’s environment, SCG-Mariwasa takes a step further by sharing its commitment in education and youth development in Lawaan. As compensation for the felled coconut trees that will be used to fuel its plant, the company will be giving construction materials to rebuild schools and day-care centers.

“SCG has always been committed in not just protecting the environment but in the development of the youth. We believe that giving building and construction materials for the rehabilitation of the schools and day-care centers is among

the most important things to do for now because we believe that our children’s education should not be compromised but be lifted especially in these hard times,” shared Mr. Phaskorn Buranawit, President of Mariwasa Siam Ceramics, Inc. This project aims to not just rebuild schools that were devastated by typhoon Yolanda but to help improve the facilities and make them disaster-resilient.

Some facilities include classrooms, skills training centers, bathrooms, and covered gyms. The project will also build day-care centers in the hard-to-reach barangays of Lawaan.

“Truly, nothing is more rewarding than having everyone from different sectors contribute for this project with a common objective- recovery and to return to normal life. With OPARR and the LGUs, we hope this endeavor will help our fellowmen to recover and start a new life,” said Mr. Buranawit.

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Alsons...

JICA...

website, www.erc.gov.ph on October 1.

T h e a g re e m e nt s ay s SRPI will supply 85 MW to Zamcelco for a period of 25 years amounting to P90.8 billion.

“The decision has come out. That means the PSA of SRPI and Zamcelco now has a legal basis,” Conti said.

He added the approved PSA will be presented to banks where SRPI have applied for loans totaling $290 million for the plant construction.

He said the loans compr is e 70 p ercent of the project cost. SRPI will shoulder the remaining 30 percent.

The plant will be constructed in a 30-hectare area inside the Zamboanga City Special Economic Zone and Freeport Authority in Sitio San Ramon, Barangay Talisayan.

C ont i s ai d t he y w i l l hire around 700 to 1,000 workers to construct t h e p ow e r p l a nt . O n c e operational, the SRPI will employ 200 personnel for the facility.

George Ledesma, Zamcelco general manager, said the approval of the power sale agreement was a welcome development for the cooperative.

Ledesma said the plant will help solve local power shortage especially dur i ng t he d r y mont hs due to lower water level at Mindanao’s hydropower plants.

For the past years, Zamcelco had been implementing rotational blackouts of four to eight hours daily during summer due to insufficient power supply from the Mindanao grid.

Moro Islamic Liberation Front (MILF).

“With a more detailed geographic information, we aim to assist Bangsamoro development planners and leaders in implementing strategic and balanced peace and development initiatives in Mindanao,” Niwa said in a statement.

The new GIS database was derived from the data sets produced by the JICA project on Topographic Mapping for Peace and Development in Mindanao.

GIS database refers to geographically referenced data that utilizes software to analyze specific information, and is being used by advanced countries in decision-making and in analyzing quantifiable data.

In the case of the Bangsamoro GIS database, information such as socio-economic data, transportation, and road networks, as well as land conditions, were analyzed and updated.

The GIS database was updated with a standard scale of 1:50,000, which means that they are more detailed than the 1:200,000 scale maps in Mindanao in the 1960s.

JICA also provided the BDA staff with capacity building support in using the GIS system. It noted that the GIS would be useful in the spatial analysis work for the forthcoming Bangsamoro Development Forum in November this year.

Dr Saffrullah Dipatuan, BDA chair, thanked JICA for the assistance, saying that the GIS will help them in various peace and development projects for Mindanao’s conflict-affected areas, as well as in promoting inclusive growth in the region.

Last year, as part of Japan’s

from page 1

from page 1

assistance to peace and development, JICA, together with the National Mapping and Resources Information Authority and the Mindanao Development Authority, updated the 50-year old Mindanao topographic maps.

Japan Prime Minister Shinzo Abe presented the map to President Benigno S. Aquino III during the former’s visit to Manila.

The establishment of the Bangsamoro region is the key feature of the Comprehensive Agreement on the Bangsamoro (CAB), the final peace deal between the government and the MILF. The Bangsamoro Basic Law (BBL), the charter that would govern the Bangsamoro, has been submitted by the Office of the President as a key legislative measure to Congress.

Once approved by Congress and ratified by the constituents in the proposed territory, the Bangsamoro government will replace the Autonomous Region in Muslim Mindanao.

JICA has been supporting peace and development initiatives in Mindanao with 707 community development and 32 infrastructure subprojects within the ARMM.

Filinvest... from page 1

Bukidnon Second Electric Cooperative Inc (Buseco) and Misamis Oriental I Rural Electric Cooperative Inc. (Moresco I).

FDC Misamis is a subsidiary of FDC Utilities Inc, which holds the power and water assets of the Filinvest Group.

The agreement between FDC Misamis and Buseco is for the supply of 8 megawatts (MW) for 15 years. Moresco I, on the other hand, tapped FDC Misamis for 22 MW for 25 years.

The final rates under the supply deals are subject to the approval of the regulator.

FDC Misamis will supply power from the 405-MW coal plant it is developing in the Phividec Industrial Estate in Misamis Oriental. The facility is slated for completion in 2016.

The parties inked the supply agreements in light of the power supply deficiency in the Mindanao grid since 2010. More than half of the island’s power supply comes from hydroelectric plants, the operation of which depend highly on optimal weather and reservoir conditions.

Based on the demand outlook from the Department of Energy, Mindanao would need 1,600 MW of additional c ap acit y f rom 2012 to 2030 to meet its electricity requirements.

TESDA... from page 2

Training Center.

“The local governments of Caraga and Region X (Northern Mindanao) have been TESDA’s partners for many years now in investing in the youth by making available tech-voc education through a host of programs,” Villanueva said.

“The government will continue to reach out to them and support them to ensure that their initiatives for tech-voc education will go a long way,” he added.

In the recent 2014 Kabalikat Awards in which TESDA recognizes its partners, the provincial government of Agusan del Norte and the municipal government of Lugait in Misamis Oriental were awarded for the local government unit category.

Northern Mindanao is mainly agricultural, but has booming industries, particularly in Cagayan de Oro and Iligan. The

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

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 18 Cagayan de Oro City

OFFICE OF THE PROVINCIAL SHERIFF

NOTICE OF EXTRA-JUDICIAL SALE File No. 2014-225

NOTICE OF EXTRA-JUDICIAL SALE EJF File No. 2014-254

Upon extra-judicial petition for sale under Act No. 3135 as amended

by Act No. 4118 filed by PAG-IBIG FUND with branch Office at Pag-ibig Fund Bldg., J.R. Borja St., Cagayan de Oro City against JOSE MARTIAL B. TUAZON married to SUSAN V. TUAZON, with postal address at Quedan & Rural Credit, Guarantee Corp., T. Neri St., Cagayan de Oro City, Misamis Oriental, Region X to satisfy the mortgage indebtedness which as of September 8, 2014 amounts to FOUR HUNDRED SEVENTEEN THOUSAND THREE HUNDRED SIXTY THREE & 60/100 PESOS (P 417,363,06), inclusive of interests, and penalty charges, the undersigned will sell at public auction on November 26, 2014, at 10:00 A.M. to 4:00 P.M. at the Regional Trial Court, Office of the Clerk of Court, Hall of Justice, Hayes-Mortola Streets,Cagayan de Oro City to the highest bidder , for cash or manager check and in Philippine Currency, the following property described below including all existing improvements found thereon, to wit:

Upon extra-judicial petition for sale under Act 3135 as amended, filed by HOME DEVELOPMENT MUTUAL FUND or PAGIBIG FUND , Mortgagee, against JONIE Q. MAGLANGIT married to HONORATA P. MAGLANGIT, mortgagors, with postal address at Natasha, Limketkai Avenue, Cagayan de Oro City, to satisfy the mortgage indebtedness of FIVE HUNDRED FOUR THOUSAND SIX HUNDRED NINETY FOUR PESOS and 20/100 (Php 504,694.20),inclusive of interest and penalty charges as of August 13, 2014, ,plus expenses of foreclosure, the undersigned Sheriff will sell at public auction on October 24, 2014,at 9:00 a.m. to 4:00 p.m., 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 Philippines Currency, the following property described below including all existing improvements found thereon, to wit: TCT No. T-195926 A PARCEL OF LAND (Lot 6, Blk 15, Pcs-10-003948 portion of Lots 3615-B, Psd-10-004675, 24178-A, Psd-10-009444, 3614-A-1-B, Psd-10-009566, 24178-B-1, Psd-10-010320, 24178-B-2-A, Psd-10-052968, 24178-B-2-B-1, Psd-10-054199, 24178-B-2-B-6, Psd-10-054199, 4178-C-1, Psd-10-054997, 3605, Cad.237, Cagayan Cadastre) situated in the Barangay Of Iponan, City of Cagayan de Oro, Island Of Mindanao, containing an area of EIGHTY (80) SQUARE METERS.

TRANSFER CERTIFICATE OF TITLE NO. T-209279 A PARCEL OF LAND Lot 44, Block 15, Pcd-10-053603, being a portion of Lot 4177, Cad-237, Cagayan Cadastre) including all improvements existing thereon, situated in the Barangay of Iponan, City of Cagayan de Oro, Island of Mindanao. Containing an area of FIFTY (50) SQUARE METERS, more or less. x x x

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 hereinaboved described and encumbrances thereon, if any there be.

Cagayan de Oro City, October 7, 2014.

(Sgd.) ANTONIO A. CAGULANG, JR.

Sheriff IV BWM: October 13, 20 & 27,2014

All sealed bids must be submitted to the undersigned on the abovestated 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 23, 2014.

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

BWM: Oct 6,13 & 20,2014

five provinces under it are Bukidnon, Camiguin, Lanao del Norte, Misamis Occidental, and Misamis Oriental.

Caraga, meanwhile, is being envisioned to be the Fisher y, Agro-Forestr y, Mining and Eco-Tourism hub of the country by 2030 by developing the region’s abundant resources.

“If this is the vision, then the region will need skilled workforce, and TESDA and its partner institutions and local government units are here to provide them,” Villanueva said. (TESDA)

Hurst...

7

right now? Ask Him to take full charge of your heart and way of living everyday, so He can start showing you His special plan for your life.

Just Think a Minute…

EXTRA-JUDICIAL SETTLEMENT WITH CONFIRMATION SALE

Notice is hereby given that the intestate estate of the late SPS. BERNARDINO ECHEVERIA, SR., who died intestate on January 27,1997, and LOURDES U. ECHEVERIA,who died intestate on October 11,2003, all at Balingasag, Misamis Oriental; he left a parcel of land,being a Paraphernal property, which area is subject for sale and more particularly described as follows: “A PARCEL OF LAND, (Cad. Lot No. 55), situated in the Barangay 5, Municipality of Balingasag,Province of Misamis Oriental,Island Of Mindanao.

Containing an area of TWO HUNDRED TWENTY NINE (229) SQUARE METERS, more or less.” is the subject of DEED OF EXTRA-JUDICIAL PARTITION OF ESTATE WITH DEED OF ABSOLUTE SALE Under Notary Public ATTY. BUENAVENTURA E. SAGRADO; As per Doc. No. 212; Page No. 43; Book No. 105; Series of 2014.

Notice is hereby given that the intestate estate of the late spouses JOSE M. CABALLERO, SR. & CLETA I. CABALLERO, who died intestate without leaving Will, sometimes on February 17, 2001 & August 26, 1996 respectively; That the decedent at the time of death left certain properties situated at Corrales, Jasaan, Misamis Oriental Described as follows; left 1.

“A parcel of land known as lot No. 7097, containing an area of SEVEN THOUSAND FIFTY FOUR (7084) SQUARE METERS, covered by Tax Declaration No. 08-11-0005-05812 in the name of Jose Caballero.”, 2. “A parcel of land known as lot No. 6075, containing an area of SIXTY FOUR THOUSAND SEVEN HUNDRED THIRTY THREE (64,733) SQUARE METERS, covered by Tax Declaration No. 08-11-0005-05811 in the name of Jose Caballero.” 3. “ A parcel of land known as lot No. 5467, containing an area of FIFTEEN THOUSAND TWO HUNDRED SIXTY ONE (15,261) SQUARE METERS, covered by Tax Declaration No. 0811-005-05813 in the name of Jose Caballero.” 4. “ A parcel of land known as lot No. 7096, containing an area of TEN THOUSAND THREE HUNDRED EIGHTY ONE (10,381) SQUARE METERS, covered by Tax Declaration No. 08-11-0005-05809 in the name of Jose Caballero.” 5. “A Residential building located at Block 32, Lot No. 14, Colrai, Macabalan, Cagayan de Oro City under Tax Declaration no. 201488 declared in the name of JOSE CABALLERO, SR. , is the subject of EXTRA-JUDICIAL SETTLEMENT WITH CONFIRMATION SALE under the notary public of DALE BRYAN D. MORDENO As per Doc. No. 262; Page No.53;Book No. LXII ; Series of 2014.

BWM: Oct. 6, 13 & 20 , 2014

BWM: Oct. 13, 20 & 27, 2014

from page 4

attitude toward that person or problem. He’s doing what is best in the long run not only for us, but for everyone else involved. Remember, He is the only One Who can see the big picture or puzzle of life. He knows how everything works and fits together both now and years later! So why not have a real, honest twoway conversation with Him DEED OF EXTRA-JUDICIAL PARTITION OF ESTATE WITH DEED OF ABSOLUTE SALE

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 41 Cagayan de Oro City PETITION FOR EXTRA JUDICIAL EJF NO. 2014-229 FORECLOSURE OF REAL ESTATE MORTGAGE UNDER4 ACT 3135 AS AMENDED BY ACT 4118 FOR: HOME DEVELOPMENT MUTUAL FUND (Pag-Ibig), Petitioner, EXTRA-JUDICIAL FORECLOSURE

REAL ESTATE MORTGAGE ARTHUR A. TABARANZA, Respondent. x-----------------------------------------/ NOTICE OF EXTRA-JUDICIAL SALE

Upon extra-judicial petition for sale under Act No. 3135/4118 filed

by HOME DEVELOPMENT MUTUAL FUND( Pag-Ibig ) ,against ARTHUR A. TABARANZA married to YOLANDA P. TABARANZA, both of legal age, Filipino citizens with postal address at SANTAN ST., PHASE 111, REGENCY PLAIN SUBD., IPONAN, CAGAYAN DE ORO CITY, to satisfy the mortgage indebtedness which as of August 14, 2014 amounts to TWO HUNDRED SIXTY-ONE THOUSAND FOUR HUNDRED SIXTY PESOS & 53/100 (P 261,460.53), Philippine Currency, inclusive of interest, penalties, charges, attorney’s fees and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on December 1, 2014,at 10:00 A.M. at the main entrance of this Court, Regional Trial Court, Branch 41, Capitol Compound, A. Luna St., Cagayan de Oro City, to the highest bidder for cash or manager’s check and in Philippine Currency, the following personal properties, to wit: TRANSFER CERTIFICATE OF TITLE NO. 157451

A PARCEL OF LAND Lot 19, Block 27, of the Cons. Subd. Plan, Pcs-10-001788, being a portion ofLot 3637, Cad-237, Cagayan Cadastre & Lot 363D, Psd-10-009550). Situated in the barangay of Iponan, City of Cagayan de Oro, Island of Mindanao, Containing an area of FIFTY SEVEN (57). Sq. m. more or less. And all improvement existing and to be constructed/erected thereon.

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

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

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

Cagayan de Oro City, October 1, 2014.

(Sgd.) ALDEN V. SAMBAAN

Sheriff IV BWM: October 13, 20 & 27,2014

8

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

monday|october 13, 2014

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

BusinessWeek MINDANAO MONDAY | OCTOBER 13, 2014

www.businessweekmindanao.com editor: ShAuN AlEjANDRAE YAp uY

VIBE

Gusa Science High School stude tops 1st Discovery Kids Science Fair

By MikE BA単OS, Editor-at-Large

Full STORY | Page B2

B1

Grand Prize Winner Yuvi Luardo of Gusa National High School Region 10.

BusinessWeek M II N ND DA AN NA AO O M Best in Business and economic RepoRting

B2

PhiliPPine Press institute Best in Business and Economic Reporting Civic Journalism Community Press Awards 2013 Philippine Press Institute Civic Journalism Community Press Awards 2013

MONDAY|OCTOBER 13, 13, 2014 2014 monday|october

FFeature eature

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Gusa Science High School stude tops 1st Discovery Kids Science Fair

By MikE BAñOS, Editor-at-Large

A

student from the Gusa Regional Science High School in Region X has topped the 1st Discovery Kids Science Fair sponsored

by Parasat HD held at SM Cagayan de Oro last October 4, 2014.

Yuvi Luardo won P5,000 cash, one (1) year free subscription to Parasat HD Premium and exclusive items from Discovery Kids TV Channel with her project “Use of Talisay Seed and Malunggay Seed Extract as Absorbent in the Removal of Lead Ion in Aqueous Solution.”

A total of eight entries participated in the science fair: Ronnie M. Enriquez, Grade 9 at MOGCHS, Project: Collection of Rain for Watering the Plants; Zuriel John P. Baugbog, Christian School for Life, Project: The Dangers of Cigarette Smoking & Second-hand Smoke to the Human Lungs; Juan Paolo D. Tejero and Armando Raphael D. Tejero, Corpus Christi School, Project: Toy for All Boys; KC Cespedes, Gusa Regional Science High School – X, Project: Solar power battery charger; Roselle Driz, Gusa Regional Science High School – X, Project: Dried gmelina (gmelina arborea) drupes as kindling; John Benedict Lamorin, Gusa Regional Science High School – X, Project: Saltwater-Powered Lamp or Flashlight; and Lorenzo Dablo, Gusa Regional Science High School – X; Project: Flood Alarm System.

All eight finalists received exclusive items from Discovery Kids.

The panel of judges was composed of Engr.

Elpidio M. Paras, president and CEO of UC-1 Corporation, the holding company of the Parasat Group of Companies; Region X Science and Technology Director Alfonso P. Alamban and Michelangelo Du, business development officer at CAPICOR. “Some of the projects were not original but okay as a showcase for others,” Dir. Alamban noted.

“We hope to partner with them, especially for our Regional Inventions Contest & Exhibits (RICE) next year so that we can cover all levels.”

The criteria for judging included Originality (40%), Presentation and Creativity (30%) and Social Relevance (30%). Plus points from 1-5 were also awarded for entries which met certain other criteria.

“Discovery Kids Science Fair”, is the brainchild of siblings Rina Victorio and Geli Paras, daughters of Cagayan de Oro’s local version of Leonardo da Vinci, Engr. Elpidio Magbag Paras.

“We observed that young school children hardly get any real exposure to science projects while they are in grade school,” noted Rina, President and General Manager of Parasat Cable TV Inc. who has two children Tia, 8 and Lala, 2. “So Geli and I thought of sponsoring this science fair for children aged 6-14 years.”

“Our educational system has forgotten the basics like rousing children’s interest in science and creative ability. In the United States, grade school students are asked to submit investigative projects and compete in school science fairs. At an early age, students are exposed to field trips to various

parasat CATV pres & CEO Elpidio M. paras at the kiddies Science Fair

Souvenir pose of all participants with judges Elpie paras, Mike Du & Al Alamban

Youngest participants with judges Elpie paras, Mike Du & Al Alamban

museums and science venues,” Engr. Paras noted.

“It’s a good thing that they included grade school and had a winner for the youngest inventor,” Dir. Alamban said. “That will inspire innovative thinking at an early age.”

The competition encourages parents to have their kids regularly watch the Discovery Kids, Channel 56 on Parasat’s Silver subscription package.

Discover Kids (Asia) has programs such as “Did You Know?”, “Science Trivia” and “Adventures for Kids” which encourages grade school children to have interactive experience with science and its related fields.

Discovery Kids is an Asian satellite and cable TV channel which provides children’s programs aimed at children aged four to 12 years and their parents. It focuses on programs that entertain and educate helping kids develop cognitive, social, emotional and personal skills. It is owned and operated by Discovery Networks Asia, a division of Discovery Communications. It is located at Channel 56 of Parasat’s Silver subscription package.

Selected Discovery Kids shows are also broadcast on Discovery Channel on weekends.

BusinessWeek MINDANAO

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Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

monday|october 13, 2014

B3

SM GROUP LEADS “GROW A MILLION TREES” PROJECT SM Foundation, Inc. in partnership with the Department of Environment and Natural Res ources spearheads the project “Grow a Million” Trees, a program that advocates and aspires, not only to Grow a Million trees, but also to provide food sufficiency and sustainable livelihood opportunities to its chosen communities.

This year, the Department of S o c i a l Wel f are and Development partners with SM Foundation to strengthen the grassroots organization beneficiaries through capacity building, values formation and by enhancing their social entrepreneurial skills.

Wit h t h is t r ip ar t ite

memorandum of agreement, and with the dynamic team of SM-DENR-DSWD, the project aims to have a stronger program that supports the National Greening Project of DENR. Along with the SM Food Group – SM Supermarket, Savemore and Hypermarket as well as SM Supermalls, the project is growing around 30,000 trees in Mindanao particularly in Cagayan de Oro, Davao and General Santos City, which was held recently, September 26, 2014.

“As one, SM Food Group, SM Supermalls, SM Land, Ace Hardware, Costa de Hamilo, Inc., Manila Southcoast Development Corporation

and SM volunteers, have planted 334,902 trees all over the country. All these companies have committed to grow an additional of 360,763 trees by planting saplings and propagules in the next three years. ” SM Foundation’s Assistant Vice President Cristie Angeles said.

“Aside from that, BDO pledged for 10,000 trees, 15,000 from SM Prime C ommercial Properties Group and 500 from Mr Joe Cio, SM’s Chief Executive Officer. With all these updates, SM hopes to contribute in making a greener and cleaner Philippines in the next four years” she added.

SM employees plant saplings in Barangay Pagatpat, Cagayan de Oro

Fajardo on FIBA World Cup: Lessons from five days in Spain A 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 tuneup 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

www.businessweekmindanao.com

MODNAY | OCTOBER 13, 2014

editor: ShAuN AlEjANDRAE YAp uY

National Artist Salvador Bernal “Designs the Stage” exhibit set A fter its successful run at the CCP in 2013, the exhibit of National Artist Salvador Bernal “Designs the Stage” will be mounted in selected local communities nationwide as part of the LakbaySining (Arts on the Road) Program of the Cultural Center of the Philippines (CCP) Cultural Exchange for the year 2014.

Together with Xavier Center for Culture and the Arts (XCCA), the exhibition will be mounted at the Fr Francisco R Demetrio SJ

Gallery, Museo de Oro, Xavier University on October 18 - November 8, 2014. The exhibit aims to introduce and explain the art of theater design through some of the most expressive and impressive works of Bernal. Along with the exhibit is a Production Design Lecture Workshop

by Gino Gonzales on November 7-8, 2014 at the AVR 8, SBM Building of XU. In line with this, we would like to invite you, your faculty and students to join us in the opening program on October 18,

VIBE B4

2014 at 4:00 pm.

After October 18, the exhibit entrance fee will be Php 50.00 inclusive of Exhibit Room 1 - The Ethnohistory of Northern Mindanao and Exhibit Room 2 – The Ethnology of Northern Mindanao.

Interested participants to the Production Design Lecture Workshop shall pay a registration fee of Php 1, 300.00 only inclusive of lunches, snacks, kits and certificates. For reservation of slots to the workshop and tours, please call tat at (088) 858-3116 local 2059.

The province of Misamis Oriental, Municipality of libertad and TESDA partner to bring this Training Center to the people with TESDA’s TechnicalVocational Education and Training (TVET) program. The facility was visited by TESDA Director General Secretary Emmanuel joel Villanueva and MisOr Governor Yevgeny Vincente Emano, October 10.

Photos by ShAuN AlEjANDRAE uY

TESDA Director General Secretary Emmanuel joel Villanueva and MisOr Governor Yevgeny Vincente Emano answers queries from media personalities during a press conference at the Municipal hall of libertad Misamis Oriental, October 10. Villanueva and Emano visited the libertad Training Center to see the current condition and possible renovations that may be provided to ensure the facilities operations.