Issuu

INSIDE LOOK

DOF admits need yo amend law on Malampaya fund: Recto Economy

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Western Union allots $220,000 PH’s agriculture trade deficit for financial literacy campaign shrinks by 70% in first half Corporate World

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Agri-Business

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Bangko Sentral grants relief to banks affected by Santi Banking & Finance

MINDANAO DAILY NEWS SECOND SECTION

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Market Indicators

As of 6:11 pm oct. 22, 2013 (Tuesday)

FOREX

PHISIX

US$1 = P43.17

6,603.60 points

3 cents

6.04 points

Briefly P2.6-B budget CAGAYAN de Oro City Mayor Oscar Moreno defended the proposed P2.6 billion 2014 budget as necessary for the city to move forward. Moreno personally submitted the 2014 proposed budget to the city council during the council’s regular session on Monday afternoon for its approval. He said that the budget, a P400-million increase from 2013’s approved P 2.2 billion budget was “ambitious and aggressive”, which manifests the city’s continued annual growth. The city mayor said that the increase in the proposed budget was more on social ser vices particularly increasing coverage of PhilHealth beneficiaries from the current 100,000 to 240,000 beneficiaries next year.

Power cost CAGAYAN de Oro City Vice Mayor Caesar Ian Acenas referred to the City Council committee on energy chaired by Councilor Teodulfo Lao the special report of Councilor Lourdes Candy Darimbang regarding excessive power consumption of the city resulting to high power costs. According to Darimbang, the city government already owes a service provider a hefty amount because of this. Darimbang said the city is spending much since it is still using an obsolete lighting system that requires higher wattage compared to t he present d ay system. According to the lady councilor, there is a new technology that is being used in some advanced and developed countries like China, South Korea and other Asian countries. She proposed the creation of a department to conduct research and a thorough study for the city to utilize this new technology and reduce excessive power expenditure, she said.

INVESTMENT FORUM. Mark Louis Sidney T. Capananza, investment counselor of the Bank of the Philippine Islands, briefs clients of BPI and Primavera Residences during a Business & Investment Forum hosted by Italpinas Euroasian Design & Eco-Development Corp, owners and developers of Primavera Residences last 17 Oct 2013. photo by mike baños , npn

UNDER the purview of a build-operate-maintaintransfer framework, project de veloper Pea k power E nerg y I nc . ha s i n ke d a p ower pu rc h a s e a nd transfer agreement (PPTA) with its capacity off-taker Zamboanga del Sur II Electric Cooperative. Peakpower is a whollyow ned subsidiar y of A. Brown Company Inc., and it has been the designated

NEA: Not all power coops are ‘ailing’ Page 13

By MYRNA VELASCO, Contributor

he Nationa l Electrif ication Administration (NEA), the supervising agency on the operations of electric cooperatives (ECs), has clarified that some of those ECs with net loss have not really fallen into the “ailing category.”

NEA specifically cited the cases of Davao Oriental Electric Cooperative Inc. (DORECO); Agusan del Sur Electric Cooperative Inc. (ASELCO); First Bukidnon Electric Cooperative Inc. (FIBECO); Misamis power/PAGE 23

corporate vehicle for the company’s 5.0-megawatt bunker-fired power facility which w i l l ser ve t he electricity requirements of ZAMSURECO II’s franchise area. The area is being tormented with up to 12-hour rotating power interruptions a nd compou nd i ng t hat dilemma had been the rise in power costs of up to supply/PAGE 23

First Gen starts 5 M’nao hydro projects next year By CHINO LEYCO, Contributor

FIRST Gen Mindanao Hydro Power Corporation plans to begin the construction of its five hydropower projects in Mindanao next year after receiving a green light from the Department of Energy (DOE) in August. Francis Giles Puno, First

For Inquiries: Call or Text : (02) 577-3812 09178445981 Email: care@rejuvginseng.com Website: www.rejuvginseng.com

IN-DEPTH

T Peakpower inks power supply agreement with Zambo electric coop

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Wednesday - October 23, 2013

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BusinessWeek MINDANAO CREDIBLE

Fun Run raises awareness on breast cancer

Gen Corporation president said the unit of the Lopezcontrolled power generating company aims to complete the projects between 2016 and 2017. “We’re going through our final feasibility and in all of hydro/PAGE 23

THE SUN RISES. A typical scene every Sunday morning at the Sta. Ana wharf in Davao City in this photo taken on Oct. 20, 2013. mindanews photo by keith bacongco

Davao exporters seek P50-M loan By CARMELITO Q. FRANCISCO, Correspondent

DAVAO City -- A group of exporters in this city is seeking a P50-million loan from the state-run Philippine Export-Import Credit Agency to help expand

Mindanao Daily NEWS

their operations. Ferdinand Y. Marañon, president of the Davao Region chapter of the Philippine Exporters Confederation, Inc. (PhilExport-11), said

that proceeds from the loan would help members of the group here who have “no easy access to banks.” P h i l E x p o r t-11, M r. Marañon said, will set up a exporters/PAGE 23

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

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

Manila Water sends mobile treatment plant to Bohol M A N IL A -- E a st Z one concessionaire Manila Water C ompa ny has deployed its drinking water mobile treatment plant (MTP) to Bohol to provide potable water for the earthquakerava ged v ic t i ms of t he

province. As it always does during t i me s of d i s a sters a nd calamities, Manila Water fielded its MTP which has the capability of treating and converting any type of raw treatment/PAGE 21

Economy

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Aboitiz Equity’s P10-B corporate bonds get highest mark MANILA -- Aboitiz Equity Venture’s (AEV) proposed issua nce of P10 -bi l l ion cor porate bonds w it h maturity dates of seven to 10 years received the highest possible rating assigned by Philippine Rating Services Corp. (PhilRatings). According to PhilRatings, obligations rated “PRS Aaa” are of the highest quality w it h minima l credit risk, an indication of the extremely strong capacity of the obligator to meet its financial commitment on the obligation. Aboitiz/PAGE 21

U.S. to probe 3 Japan, 4 other Asian makers over optical drive patent

WA SH I NGTON -- T he U.S. International Trade Commission said Monday it will launch a probe into three Japanese and four other Asian manufacturers and their local arms for alleged patent violations over optical disc drives for computers, DVDs, game condoles and other products. probe/PAGE 21

Secretary Imelda M. Nicolas, Commission on Filipinos Overseas chairperson and moderator of the 2013 Microfinance Summit, themed “Social Businesses as Solution Makers” welcome Prof. Muhammad Yunus, 2006 Nobel Peace Prize awardee and Founder of Grameen Bank in Bangladesh, and Dr. Jaime Aristotle B. Alip (center), also Founder and Managing Director of the CARD Mutually Reinforcing Institutions and 2008 Ramon Magsaysay Awardee for Public Service, during a “Microfinance Summit: Partnerships Against Poverty, Social Businesses as Social Solutions,” held Thursday (Oct. 17) at the Philippine International Convention Center (PICC). (PNA)

DOF admits need to amend law on Malampaya fund: Recto MANILA – Senate President Pro-Tempore Ralph Recto on Monday said the Department of Finance (DOF) admitted that there is a need to amend Presidential Decree 910, a law that created a special fund from Malampaya gas project for energy resource-development and exploitation programs and projects. ”There are many problems on the Malampaya fund and the presidential decree. What is important is that there is

an admission that we need to amend the PD,” Recto said after the Senate deliberation DOF/PAGE 21

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CorporateWorld

AEV gets top ratings for P10-B bond offering ABOITIZ Equity Ventures, Inc. (AEV) has been given the highest PRS Aaa rating by Philippine Rating Services Corporation for its planned public offering of P10 billion worth of corporate bonds planned for this year. The P10 billion bonds consi st of P5.0 bi l l ion maturing in 2020 and the rema i n i ng P5.0 bi l l ion maturing in 2023. Obligations rated PRS Aaa means the firm’s capacity to meet its financial commitment on the obligation is extremely strong. PhilRatings said its rating on AEV’s bonds reflects the company’s strong financial performance, with a high level of operating cash flows in relation to its debt service requirements. It also took note of AEV’s a sound capital structure, with a conservative leverage position and the flexibility

RC Cola eyes Asean expansion

ASIAWIDE Refreshments Corp (ARC) plans to expand over s e a s , a l low i ng t he Philippine license holder of RC Cola to capitalize on the opportunities presented by t he Asean Economic Integration come 2015. On the sidelines of the 39th Philippine Business Conference & Expo, former ambassador Alfredo Yao today said the backdoor listing of ARC t hrough Maybank ATR Kim Eng (MATRKE) Financial Corp will be completed in the first quarter of 2014. Ya o - l e d i n v e s t m e nt holding firm Mazy’s Capital I nc la st mont h boug ht 89.75 percent of MATRKE Financial from Maybank Kim Eng. The timing and size of the share sale will depend on market appetite, Yao said. “If the market is good, we will take the opportunity,” he said. The closing date of the agreement between Maybank Kim Eng and Mazy’s Capital is on Friday, subject to certain conditions precedent, including the sale for cash of substantially all of the assets of MATRKE Financial to Maybank ATR Kim Eng Capital Partners Inc and its assumption of all of the company’s liabilities. MATRKE Financial is consolidating its businesses -- including its holdings in subsidiaries AsianLife and General Assurance Corp and ATR Kim Eng Land Inc -- under MATRKE Capital, a wholly owned subsidiary of Maybank Kim Eng. Upon complet ion of the transaction between Mayba n k K im Eng a nd Mazy’s Capital, ARC will expansion/PAGE 21

to accommodate additional debt for its future projects as required. PhilRatings said AEV also has positive growth prospects for its business portfolio and has a highly-experienced and conservative management team. AEV said proceeds of the offer will be used to replenish its working capital, for payment of short-term obligation, and for planned i nve s t ment s a nd ot her general corporate purposes. Part of the proceeds will replenish working capital which was used to fund the purchase of 14.54 million shares in Union Bank of the Philippines worth P1.8 billion, pay for bond issuance related expenses, and pay for short term loans amounting to P750 million. Proceeds will also be used for planned investments ratings/PAGE 21

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

Western Union allots $220,000 for financial literacy campaign THE philanthropic arm of Western Union and its agents Petnet and eBusiness Services last week helped launch a nationwide financial literacy campaign with a $220,000 pledge. In a statement, Western Union Fou ndat ion sa id “Peso-sense” is meant to increase financial literacy by promoting productive expenditure, greater savings and entrepreneurship among recipients of remittances. The campaign, which started with the “Peso-Sense at Christmas” module, will target students, young adults, entrepreneurs, homemakers and retirees. “ We s t e r n Un i o n ’s consumers are ambitious and resourceful and their most important aspiration is to secure their financial future, increase their standard of

Officials of Western Union, Commission on Filipinos Overseas, UNDP and the Bangko Sentral ng Pilipinas during launch of “Peso-Sense” campaign.

living and improve their level of education,” said Western Union Foundation president Patrick Gaston.

“However, for too many, their dreams are delayed or out of reach. What they lack is the encouragement, training

a nd tools to accelerate their aspirations through innovation and new ways campaign/PAGE 21

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

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

AgriBusiness

wednesday | October 23, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

PH’s agriculture trade deficit shrinks by 70% in first half THE Philippines’ agriculture trade deficit went down by 70 percent in the first half of the year due to faster growth in exports, accompanied with a slowdown in imports. According to data released by the Bureau of Agricultural Statistics (BAS), the country’s agricultural trade deficit fell to $424.43 million from $1.43 billion in the same period last year. Agricultural exports rose to $3.23 billion, up by 30.68 percent from $2.47 billion year-on-year. T he mont h ly ex por t revenues for the six-month period was higher year-onyear with the highest level recorded in May at $612.87 million. Earnings from t he country’s top 10 farm exports grew by 30.84 percent to $2.24 billion from $1.71 billion. These are Coconut oil, bananas, tuna, pineapples and pineapple products, ma nu fac t u re d tobacco,

A worker sorts pineapples for export at a Dole Food Co. plantation in Polomolok, Cotabato.

dollar earner, despite a 0.28 percent drop in earnings, bringing in $538.31 million during the fist six months of the year. Also, increased incomes

were seen in copra oil/cake, centrifugal sugar, bananas, tobacco, a nd tuna w it h growths in revenues ranging from 53.89 percent to 73.58 deficit/PAGE 22

World Corn prices plunge amid oversupply, retreat from ethanol

Mindanao-wide Rubber Congress pushed

centrifugal sugar, seaweeds and carrageenan, copra oil/ cake, desiccated coconut, and manufactured fertilizer. Coconut oil remains the local agricultural sector’s top

IT’S harvest time and Henry Van Ankum is about to bring in the corn, as he has every fall since 1989. Corn crops across North America are abundant after farmers reacted to 2012’s high prices by seeding a record amount of land in a year that saw plenty of rain and temperatures that were just right. But this year is also notable for a second reason. The price Mr. Van Ankum’s corn fetches is about 40% lower than last year’s, and he will lose as much as a dollar on every bushel he harvests. The price of corn that goes into animal feed and

industrial uses has plunged amid expectations for a large North American harvest, said Jerry Klassen, manager of the Winnipeg office for GAP SA Grains and Produits, a Swiss grain trader. Also weighing on prices are signs of slowing growth in demand for ethanol, the gasoline additive that consumes about 35% of the Canadian crop and helped push up corn prices by 75% between 2010 and 2012. The drop in prices has farmers looking for ways to c ut c os t s , weig h i ng ca ref u l ly t he purchases of new mach i ner y a nd renegotiating land leases

that were signed when prices were high, said Mr. Van Ankum, who is chairman of the Grain Farmers of Ontario. “ The current market prices have dropped below my cost of production,” said Grain Farmers of Ontario chairman Mr. Van Ankum, who grows corn, soybeans and wheat on 1,200 acres near Guelph, Ont. He figures it costs him C$4.50 to C$5 to seed, grow and harvest a bushel of corn, and he expects the local feed mills will pay him less than C$4 for each of the 60,000 bushels his fields will yield. prices/PAGE 22

Republic of the Philippines Department of Transportation and Communications LAND TRANSPORTATION FRANCHISING AND REGULATORY BOARD Region X, Cagayan de Oro City

LUCY NAPILI -Vendor Case No;2013-10-1764 CARLITA C. SAMAR -Vendee 2008-10-1970

ABDUL MAULINA S. SAPANTA Case No;2013-10-1767 Applicant/s

ATTY. BARTOLOME DOMINGO CaseNo;2013-10-1668 Applicant/s 2009-10-127

ROGELIO T. UBA Case No;2013-10-1768 Applicant/s 2010-10-2017

KIDAPAWAN City -- With the success of the recent Mindanao Banana Congress, the Department of Agriculture in SOCCSKSA RGEN Region (DA-12) is pushing for the holding of another Mindanao-wide congress, this time for rubber growers. Amalia Jayag-Datukan, DA-12 regional executive d i rec tor, s a id t hat her office, along with Regional Agriculture and Fisheries Council (RAFC) led by its chairman Dionesio Bautista Jr. are now preparing for the conduct of Mindanao Rubber Growers’ Congress. SOCCSKSARGEN Rubber rubber/PAGE 22

NOTICE OF HEARING

APPLICANT request authority For extension of validity of its of certificate of public convenience with amendment of line to operate FILCAB service on the line:Magsaysay to Balingoan via Gingoog City and vice versa with the use of one (1)units. This application will be considered by this Board on October 31, 2013, 10;00 A.M. at its Office, Apovel, Bulua, Cagayan de Oro City, on which date applicant shall formally submit his/ her evidence. At least FIVE(5)days prior to the date of hearing applicant shall publish its notice once in one(1) DAILY newspaper of general circulation in Mindanao Island. Parties opposed to the granting of the application must file their written opposition with documentary evidence submitted by the parties; unless the Board deems it necessary to receive additional documentary and/or oral evidence to be submitted by the parties. N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN DISMISSAL OF THE APPLICATION. WITNESS THE HONORABLE MANDANGAN P. DARIMBANG, CESO V, Regional Director, this day of October, 2013.

APPLICANT request authority for approval of sale and transfer with certificate of public convenience to operate PUJ service on the line:Cogon Market to Iponan (Centro)(all in Cagayan de Oro City)and vice versa with the use of ONE (1) units. This application will be considered by this Board on October 31, 2013, 10;00 A.M. at its Office, Apovel, Bulua, Cagayan de Oro City, on which date applicant shall formally submit his/ her evidence. At least FIVE(5)days prior to the date of hearing applicant shall publish its notice once in one(1) DAILY newspaper of general circulation in Mindanao Island. Parties opposed to the granting of the application must file their written opposition with documentary evidence submitted by the parties; unless the Board deems it necessary to receive additional documentary and/or oral evidence to be submitted by the parties. N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN DISMISSAL OF THE APPLICATION. WITNESS THE HONORABLE MANDANGAN P. DARIMBANG, CESO V, Regional Director, this 21st day of October, 2013.

APPLICANT request authority For issuance of certificate of public convenience to operate SHUTTLE service on the line:From Kapatagan ,Lanao del Norte to any point in Lanao del Norte /Iligan City and vice versa with the use of ONE (1) units. This application will be considered by this Board on October 31, 2013, 10;00 A.M. at its Office, Apovel, Bulua, Cagayan de Oro City, on which date applicant shall formally submit his/ her evidence. At least FIVE(5)days prior to the date of hearing applicant shall publish its notice once in one(1) DAILY newspaper of general circulation in Mindanao Island. Parties opposed to the granting of the application must file their written opposition with documentary evidence submitted by the parties; unless the Board deems it necessary to receive additional documentary and/or oral evidence to be submitted by the parties. N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN DISMISSAL OF THE APPLICATION. WITNESS THE HONORABLE MANDANGAN P. DARIMBANG, CESO V, Regional Director, this 21st day of October, 2013.

APPLICANT request authority to extend the validity of certificate of public convenience to operate TH FREIGHT TRUCK service on the line;Within Jimenez and from said place to any point in the Island of Mindanao accessible to motor vehicle traffic and vice versa with the use of ONE (1) units. This application will be considered by this Board on October 31, 2013, 10;00 A.M. at its Office, Apovel, Bulua, Cagayan de Oro City, on which date applicant shall formally submit his/her evidence. At least FIVE(5)days prior to the date of hearing applicant shall publish its notice once in one(1) DAILY newspaper of general circulation in Mindanao Island. Parties opposed to the granting of the application must file their written opposition with documentary evidence submitted by the parties; unless the Board deems it necessary to receive additional documentary and/or oral evidence to be submitted by the parties. N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN DISMISSAL OF THE APPLICATION. WITNESS THE HONORABLE MANDANGAN P. DARIMBANG, CESO V, Regional Director, this 21st day of October, 2013.

MARIANNE C. ULEP Records Officer/Acting Docket Officer

MARIANNE C. ULEP Records Officer/Acting Docket Officer BWM: Oct. 23, 2013

BWM: Oct. 23, 2013

MARIANNE C. ULEP Records Officer/Acting Docket Officer BWM: Oct. 23, 2013

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Banking&Finance

Bangko Sentral grants relief to banks affected by Santi THE Bangko Sentra l ng Pi l ipi nas is g ra nt i ng regulatory relief measures to banks to enable them to similarly assist and ease the financial burden of bank customers adversely affected by Ty phoon Santi which devastated several parts of the country from 11 to 13 October 2013. Eligible for the relief measures are those in the following areas identified by the National Disaster Risk Reduction and Management Council on 14 October 2013: Region I : Pangasinan Region II : Isabela, Nueva Vizcaya and Quirino Reg ion III : Au rora, Bataan, Bu lacan, Nueva Ecija, Pampanga, Tarlac and Zambales Region IV-A : Laguna and Rizal Similar relief measures we r e e x t e n d e d b y t h e BSP to thrift and rural/ cooperative banks in cities/ provinces that were affected

Local officials reported that 856 hectares of agricultural land in Plaridel were ravaged by flooding this week. Bulacan is part of Central Luzon’s rice plains, producing much of the nation’s annual supply of its staple crop.

by prev ious t y phoons such as Sendong, Pedring, Mina and Juaning in 2011, and Southwest Monsoon (Habagat), typhoons Helen, Gener, Pablo, and tropical depression “Qu i nta” i n 2012, and typhoon Labuyo and Southwest Monsoon (Habagat) en ha nced by

Tropical Strom “Maring” in 2013. As approved on 17 October 2013 by the Monetary Board, the BSP’s policy-making body, the temporary relief measures include: For Thrift Banks/Rural Banks/Cooperative Banks relief/PAGE 23

BSP makes easier foreign investors repatriation of stock market gains THE Philippines is making it easier for foreign investors to repatriate profits from the stock market by relaxing the foreign exchange rules when converting the peso earnings from the stock market into dollars or other currencies. The new ru les are contained in Bangko Sentral ng Pilipinas Memorandum Circular No. 185, signed October 18, and will take effect 15 days after it is published in a national daily. Wilhelmina Mañalac, Bangko Sentral managing director for International Sub-Sector, told reporters in an ambush inter view Tuesday the new rules gives foreign investors the right to convert their peso holdings

through banks, a process that makes it easier to transfer the money of the Philippines. “Under the old rules, they not allowed to buy foreign exchange in the banking system,” Mañalac said. This has something to do with the ASEAN integration in 2015. “The new FX liberalization policy aims to facilitate cross border investment transactions consistent with our commitments under the ASEAN Economic Blueprint 2 015,” B a ng ko S ent r a l Deput y Governor Diwa Guinigundo told reporters in a text message. Guinig undo said t he new rules open the door for more foreign firms and

multinationals to list on the Philippine Stock Exchange, which will help expand and deepen the capital markets. “The listing and trading of non-resident securities in the domestic market can promote greater confidence in t he economy and its capital market,” he said. I n Ju ly, t he Ba ng ko Sentra l eased repor ting requirements of banks. A nd l a s t Apr i l, t he Bangko Sentral said Filipinos will soon be able take more dollars out of the country for t ravel, educat ion, medica l and other nontrade purposes as they are set to implement a fresh wave of foreign exchange liberalization measures.

G OOD news for Cit i cardholders in quake-hit areas, as the Philippine unit of the multinational bank is waiving fees and offering a payment holiday. In a statement , Cit i Philippines chief executive Batara Sianturi said the move is intended to ensure continued access to credit for customers in quake-hit areas. “This is not the first time that Citi extended payment relief to provide assistance to our customers. Through this program, we hope to give our clients time to settle their card bill or loan account and enjoy continued access to credit, which should be very useful to them in their current situation,” Sianturi said. Citi has branches in the

cities of Cebu and Davao. Under the program, Citi clients may ask for a relief of at least 30 days to settle their outstanding balances. To avail of the payment relief, concerned clients are advised to call the 24-hour CitiPhone at 995-9999. Qualified cardholders and personal loan customers will be entitled to an extra 30 days to settle their outstanding balance from their most recent payment due date. Late payment charges will be waived, and interest charges may be waived on a case-tocase basis. Citi said it is monitoring closely the situation through its officers and employees from Cebu and Davao. With aftershocks felt the day after the earthquake, Citi suspended branch operations

in Cebu City and encouraged clients to transact through its online, phone and mobile banking channels. “For the safety of our clients and employees, we sought the approval of the Bangko Sentral ng Pilipinas and they were very supportive of our plans,” Sianturi said. This is the third time for Citi to declare a payment holiday in the Philippines. The first time was during Typhoon Ondoy, when Metro Manila was also brought to a standstill, with many areas inundated by f lood and homes destroyed. At that time, Citi’s payment holiday was extended to targeted areas hardest hit by Typhoon Ondoy. The second time was last year following the extensive payment/PAGE 23

Citi waives fees, offers payment holiday for clients in quake-hit areas

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

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

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

Editor : Shaun Uy, E-mail: shaun_alejandrae_uy@yahoo.com

The

CAGAYANTIMES de Oro

LIFESTYLE

XU, XCCA, NCCA holds Playwriting Workshop

avier University through its Xavier Center for Culture and the Arts and the National Commission for Culture and the Arts (NCCA) will hold Sulat Dula 3 – a Playwriting Workshop in Mindanao on October 23-25, 2013 at the Office of the President Conference 2 and AVR’s 2 and 3. Sulat Dula is a bi-annual play writing workshop which started in 2008. It has been funded by the NCCA and has been supported by the Writer’s Bloc – a group of playwright’s in Manila.

This project is part of the Artistic Excellence Program of XCCA, and this aims to establish a play writing development program in Mindanao. This year’s Sulat Dula has ten fellows who will become the next pool of playwrights in Mindanao. They come from Cagayan de Oro City, Iligan City, Bukidnon and South Cotabato. Our panel and resource playwrights are Dr Steven Patrick Fernandez, Rodolfo ‘Rody’ Vera and Prof Layeta Bucoy. The fellows will undergo workshops with the

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resource playwrights, and they are expected to write and submit a short one act play. Align with SULAT DULA 3 is a repeat performance of Layeta Bucoy’s “Doc Resureccion” on October 24, 2013 at 5:00 pm and 7:00 pm at the XU Little Theater. This is a voter’s education program of The Xavier Stage for the upcoming barangay elections. “Doc Resureccion” is directed by Hobart P. Savior. Admission is free. For seat reservations, please call or text Mr. Jerry Acido through 09264218289.

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Fun Run raises awareness on breast cancer Victorious, energetic and full of happiness.

hat was how the PINK RUN turned out last October 20, 2013 at the Rotary Grounds in Tagum City, as organized by the Local Government of Tagum headed by City Mayor Allan L. Rellon together with the Living Hope Cancer Survivors Club. The Pink Davao Fun Run is dubbed as Reaching Lives with Hope and was held for the benefit of breast cancer survivors and to raise funds for their advocacy efforts on the dreaded disease. The participants enjoyed the experience running in the major thoroughfares in the city in 10K, 5K and 3K categories since they said this is one way to support and help the advocacy. It was last October 5, 2013 when Pink Davao activities kicked off Gaisano Mall of Tagum which was personally attended by Mayor Rellon who threw his full support to the activities of their organization. During the event, a breast clinic was also conducted with the Tagum City Health Office and the Rotary Club of Tagum Golden LACES where a consultation, breast examination and papsmear were given for free. The president of Living Hope Cancer Survivor’s Club, Melina C. Avila, shared said she was very delighted upon seeing the grounds with energetic participants and thankful for the support of the LGU for the successful event. [Gleiza Delgado of CIO Tagum]

The President of the Living Hope Cancer Survivors’ Club Melina C. Avila who is also a breast cancer survivor runs in the thoroughfares during the Pink Davao fun run as a way of raising awareness on the dreaded disease.

Photo by Gleiza Delgado of CIO Tagum

wednesday | October 23, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

The

CAGAYANTIMES

More PESO institutionalization in Region 10 by Mildred E. Dablio, Contributor

Cagayan de Oro City-- Department of Labor and Employment (DOLE), Regional Office No. X expresses gratitude to some Local Government Units (LGUs) of Region 10 on its support of the institutionalization of their respective Public Employment Service Office or PESO. The PESO is linked with DOLE for coordination and technical supervision, to ensure a prompt, timely, and efficient delivery of employment service and provision of information on other DOLE programs. In Mambajao, Camiguin, PESO Institutionalization Ordinance was enacted last 3 June 2013, which was authored by Councilors Jaime M. Baclayo and Argenito C. Sabacajan. Mayor Ma. Luisa D. Romualdo and its Sangguniang Bayan approved the Municipal Ordinance No. 2013-28 for SB Term 2010-2013. Likewise, the Municipalities of Gitagum- Mayor Rodrolfo O. Buray; Naawan-approved by Mayor Jaime C. Roa; Libertad-

approved by Mayor Mario M. Jagus; and Laguindingan– approved by Mayor Oliver L. Ubaub for the Province of Western Misamis Oriental have their PESOs created and provided manpower with the necessary administrative support, as stated in their Sangguniang Bayan Ordinance. DOLE-10 Regional Director, Atty. Alan M. Macaraya notes that this move is in support with DOLE Secretary Rosalinda DimapilisBaldoz’s aim that “the more institutionalized PESOs we have, the better will be the employment facilitation services capability of the government. Director Macaraya added that “the PESOs are the frontline actors especially in curbing jobs and skills mismatch in the local communities.” “May the other LGUs in the region find insight and inspiration from LGU Mambajao and institutionalize their respective PESOs as well,” he added.

DOLE-X Camiguin Provincial Head Errol Natividad discusses PESO institutionalization process to Councilors Jaime M. Baclayo and Argenito C. Sabacajan and PESO Manager Atanacio Lusdoc, Jr. during one of their SB sessions in Mambajao Municipal Hall.

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Republic of the Philippines PROVINCE OF BUKIDNON Malaybalay City

Unit of Issue

Quantity

DESCRIPTION

Republic of the Philippines OFFICE OF THE PROVINCIAL GOVERNOR PROVINCE OF BUKIDNON Bids and Awards Committee

Unit

LOT III Lawn Tractor

Malaybalay City

TO BID OFFICE OFINVITATION THE PROVINCIAL GOVERNOR (Project No. 2013-050) Bids and Awards Committee

Quantity

DESCRIPTION

Unit

BRANDNEW (4 X 2) SINGLE CAB DROPSIDE VEHICLE

LOT – I

Approved Budget for the Contract (P) 897,000.00/unit

life

e)Oil Drain No tools f)Fuel Gauge : Mechanical, viewable from seat 2.Transmission a)Control: Two-pedal foot-controlled hydro b)Cruise Control Yes c)Forward Speed 5.5 mph d)Reverse Speed 3.2 mph 3.Chassis a)Frame: Full-length welded steel

Cost of Bidding Documents (P) 5,000.00

b)Primer/Paint E-coat/powder c)Front Tires 16x6.5-8 in. d)Rear Tires 22x9.5-12 in. e)Front Axle Cast iron f)Floor Mats Yes 4.Steering a)Turning Radius 18 in. b)Uncut Circle Radius 18 in. (54-in. mower) 5.Seat a)Seat Back Height15 in. w/lumbar adjustment

2.TRANSMISSION/DRIVETRAIN a)5-Speed Manual minimum b)2 wheel Drive 3.BRAKE a)Front: Ventilated Disc b)Rear: Leading & Trailing Drums 4.SUSPENSION a)Front: Double Wishbone, Independent Suspension b)Rear: Multi-leaf spring

b)Fore-aft Adjustment : 5.5 in. while seated 6.Lift system a)Mower Cut Height: 1-4 in., 13 positions b)Cut Height Increments 0.25 inch

5.STEERING a)Rack and pinion with power assist 6.AUDIO SYSTEM a)AM/FM Radio, CD, MP3 minimum b) 2 speakers minimum

7.Mower a)Mower cutting width 54 Inches b)Mower Deck Material 0.120 in.(11ga) c)Mower wash port yes d)Mower Drive system Electric PTO 8.Mower Level Adjustment Easy-level Deck 9.Mower Attachability a)Front Draft Arms Spring pin b)Rear Draft Arms Spring pins 10.Dimensions a)Wheelbase : 48.9 in. (122.7 cm) b)Overall Length: 75.3 in. (191.2 cm)

4, 855 minimum 1,740 minimum 1,970 minimum 2,415 minimum

8.WEIGHTS a)Pay Load (kg): 1,000 minimum 9.TIRE SIZE a)195/275xR14-8 ply rating minimum

Unit of Issue

Quantity

Unit

10.WARRANTY a)3 Years/110,000 Kilometers (CAB) b)2 Years/50,000 Kilometers (BODY) *(whichever comes first) 11.ACCESSORIES a)1 Set - Seat Cover b)1 Set - Spare tire c)Tools, tyre wrench d)5 tonner hydraulic Jack NOTE: Price- inclusive of Vat - 3 years DESCRIPTION LTO Registration - freight & handling included LOT- II BRANDNEW (4 X 2) SINGLE CAB ALUMINUM VAN VEHICLE

TECHNICAL SPECIFICATIONS 1.ENGINE: a)Type: 4 Cylinder, 8 valve Diesel Engine b)Displacement (cc): 2,500 minimum c)Power (ps/pm) 80/4,000 minimum 2.TRANSMISSION/DRIVETRAIN a)5-Speed Manual minimum b)2 wheel Drive 3.BRAKE a)Front: Ventilated Disc b)Rear: Leading & Trailing Drums 4.SUSPENSION a)Front: Double Wishbone, Independent Suspension b)Rear: Multi-leaf spring 5.STEERING a)Rack and pinion with power assist

500.00

TECHNICAL SPECIFICATION

TECHNICAL SPECIFICATIONS: 1.ENGINE: a) Type: 4 Cylinder, 8 valve Diesel Engine b) Displacement (cc): 2,500 minimum c) Power (ps/pm) 80/4,000 minimum

7.DIMENSIONS a)Overall Length (mm) b)Overall Width (mm) c)Overall Height (mm) d)Wheelbase (mm)

200,000.00/unit

Cost of Bidding Documents (P)

1.Engine a)Power : 22 hp minimum b)Displacement : 44.2 cu in. (725 cc) c)Cylinders : V-twin (2 cyldrs) d)Type Overhead valve, full-featured for longer

INVITATION TO its BID20% Development Fund for CY 2013, in1. The Provincial Government of Bukidnon, through (Project No. 2013-050) tends to apply the sum of Five Million Thirteen Thousand Pesos (P5,013,000.00) only being 1. The Provincial Government of Bukidnon, through its 20% Development Fund for CY 2013, intends to apply the approved for the Thousand contract (ABC), to payments under the contract for budget ITB 2013-050 the sum of Fivebudget Million Thirteen Pesos (P5,013,000.00) only being the approved for the “Procurement Brand New Motor Vehiclesforand Tractors. Any bids of in excess of the ABC contract (ABC), of to payments under the contract ITBLawn 2013-050 “Procurement Brand New Motor Vehicles Lawn Tractors. Any bids in excess of the ABC shall not be accepted. shall not and be accepted. Unit of Issue

Approved Budget for the Contract (P)

c)Overall Width (includ. discharge chute) 67 in. (170 cm) d) Height: 46.5-in. (118 cm) 11.Safety

a)Back up protection reverse implementation (RIO) b)Meets ANSI Standard: Yes

Approved Budget for the Contract (P) 961,000.00/unit

Cost of Bidding Documents (P) 5,000.00

c)Safety Video :

Yes

2. The Provincial Government of Bukidnon now invites bids for the said project. Delivery of the goods is required (FOB- PGSO, Provincial Capitol, Malaybalay City ). Bidders should have completed, within 2 years from date of submission and receipt of bids, a contract similar to the project. The description of an eligible bidder is contained in the bidding documents, particularly in Section II. Instruction to Bidders. 3. a.) Bidding will be conducted through an open competitive bidding procedure using non-discretionary “pass/fail” criterion as specified in the Implementing Rules and Regulations (IRR) of Republic Act (RA) 9184, otherwise known as the “Government Procurement Reform Act”. (b) Bidding is open to all interested bidders, whether local or foreign, subject to the conditions for eligibility Provided in the IRR of RA 9184. 4. Interested bidders may obtain further information from the Provincial Government of Bukidnon and inspect. The Bidding Documents at the address given below from 8 a.m. to 5 p.m. Monday to Friday. 5. (a) A complete set of Bidding Documents may be purchased by interested bidders beginning October 4, 2013, from the address below and upon payment of a non-refundable fee for the bidding documents amounting to as follows, LOT-I P5,000.00., LOT-II P5,000.00 and LOT-III P500.00

(b) It may also be downloaded free of charge from the website of the Provincial Government of Bukidnon, provided that the Bidders shall pay the nonrefundable fee for the Bidding Documents not later than that of the submission of bids.

6.AUDIO SYSTEM a)AM/FM Radio, CD, MP3 minimum b) 2 speakers minimum

6. The Provincial Government of Bukidnon will hold a pre-bid conference on October 15, 2013 at 9:30 a.m..

7.DIMENSIONS a)Overall Length (mm) b)Overall Width (mm) c)Overall Height (mm) d)Wheelbase (mm)

7. (a) Bids must be delivered to the BAC Secretariat Office, Capitol Compound, Malaybalay City on or Before 9:00 a.m of October 29, 2013. All bids must be accompanied by a bid security in any of the acceptable forms and in the amount stated in Instruction to bidders (ITB Clause 18).

4, 855 minimum 1,740 minimum 1,970 minimum 2,415 minimum

8.ALUMINUM VAN DIMENSION a)Ht – 10 ft., W – 6 ft. , L – 6 ft. 9.WEIGHTS a)Pay Load (kg): 1,000 minimum 10.TIRE SIZE a)195/275xR14-8 ply rating minimum 11.WARRANTY a)3 Years/110,000 Kilometers (CAB) b)2 Years/50,000 Kilometers (BODY) *(whichever comes first) 12.ACCESSORIES a)1 Set - Seat Cover b)1 Set - Spare tire c)Tools, tyre wrench d)5 tonner hydraulic Jack NOTE: Price- inclusive of Vat - 3 years LTO Registration - freight & handling included

(b) Bid Opening shall be on October 29, 2013 at 9:30 a.m., BAC Conference Room, BAC Secretariat Office, Capitol Compound, Malaybalay City. Bids will be opened in the presence of the Bidders’ representatives who choose to attend at the address below. LATE BIDS SHALL NOT BE ACCEPTED. 8. The Provincial Government of Bukidnon reserves the right to reject any bid, to annul the bidding process, and to reject all bids at any time prior to contract award, without thereby incurring any liability to the affected bidder or bidders. For further information, please refer to: Eng’r. Charito G. Yulo and Jose Pastor P. De la Cerna III BAC Office, Capitol Compound, Malaybalay City Or call telephone # 088-221-3114 / 088-813-2141.

(Sgd.) SALVACION C. DEDICATORIA PPDC/PHRMO-OIC Chairperson, Bids and Awards Committee BWM: Oct. 23, 2013

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Treatment... from page 14

water --- river water, flood water, even saltwater --- into potable drinking water. The MTP has been initially stationed in Barangay Basac, Loon beside the collapsed Moalong Bridge on October 19. The treatment facility produces about 2,000 liters of drinking water per hour. The MTP is currently at the Loon Municipal grounds awaiting deploy ment to another site after it was forced to stop operations on October 20 due to strong winds and heavy rains rendering the site unsafe for further operations. This was after another strong 5.2 magnitude aftershock jolted the province. A total 30,000 liters of potable water has already been produced by the MTP via reverse osmosis mode converting saline or saltwater to drinking water. The MTP is being manned and operated by an eight-man team from Manila Water and has been operating from 6AM to 6PM daily partially supplying the drinking water needs of Barangay Basac in Loon. The MTP was f low n to Bohol in C-130 aircraft in coordination with the Ph i l i p p i n e A i r F o r c e , NDRRMC, MWSS and the Bohol Governor’s Office thru the Provincial Health Office. (PNA)

Aboitiz... from page 14

Ph i l R at i ngs sa id it considered the following factors in arriving at the “PRS Aaa” rating for AEV’s corporate bonds: AEV’s susta ined a nd strong operat ing per forma nce, with high levels of cash and cash f lows in relation to debt service requirements; sound capita l structure with a conservative leverage position and f lexibility to accommodate additional debt as required; positive growth prospects for its business portfolio; and conservative and experienced management team. AEV filed its application w it h t he Securities and Exchange Commission for the registration of the P10 billion corporate bonds. A EV appointed First Metro Investment Corp. (FMIC) as issue manager and FMIC, together with The Hongkong and Shanghai Banking Corp, as joint lead underwriters. (PNA)

DOF... from page 14

of the DOF budget. Recto particularly specified a provision that allows the Malampaya fund to be comingled in the general fund. ”We can make it part of the general fund so that all expenditures are in the GAA (general appropriations act),” Recto said. ”I’m open also, if the President wishes, using it for AFP modernization or only for energy-related. We have

to fix it and there should be no double-counting, in effect,” he added. Recto said Malampaya fund is used to finance all other expenditures in the budget “but then it is an off-budget item.” ”That’s why even Secretary of finance (Cesar Purisima) is confused. It’s because of how it was created. That’s why we are saying we should amend it so that there will be no confusion,” Recto said. Recto said the DOF told the panel that the P137billion Malampaya fund remains intact. However, the senator claimed “it does not mean the whole fund is available.” ”Because it is available, they have already spent it. We all know it’s comingled in the budget. Any president can order to make it available. In proper cash management, it is not a good practice. So it is high time to amend the PD,” Recto explained. Aside from Recto, Senator Miriam Defensor-Santiago h a s a l s o prop o s e d t he amendment of the 40-yearold PD 910. (PNA)

Probe... from page 14

Nintendo Co., Panasonic Corp. and Toshiba Corp., plus LG Electronics Inc. and Samsung Electronics Co. of South Korea, Lenovo Group Ltd. of Hong Kong and Media Tek Inc. of Taiwan are subject to the investigation. The move is based on a complaint filed in September by New Hampshire-based Optical Devices LLC that alleges the products imported and sold in the United States infringe its patents and requests the commission to issue a limited exclusion order and cease and desist orders.(PNA/Kyodo)

Campaign... from page 15

of thinking. The Western Union Foundation’s mandate is about empowering people to reach their destination t h roug h educ at ion a nd knowledge. Our funding of Peso-Sense is about making the journey easy to inspire individual innovation and entrepreneurship,” he said. T he C om m ission on Fi l ipi nos O verseas w i l l implement the campaign with assistance from the United Nations Development Programme. “Our overseas Filipinos deser ve t hei r f i na ncia l freedom considering the blood , sweat a nd tea rs they have invested while working and living outside the country. Collaborative initiatives between t he gover n ment of t he Philippines, corporate sector a nd inter-governmenta l a nd non-gover n ment a l organizations are crucial to helping them achieve their individual goals and we thank Western Union for initiating this multista keholder ca mpa ig n,” said Commission Secretary Imelda Nicolas. According to research conducted by Ipsos and

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s p on s ore d by We s t e r n Union, two-thirds of overseas Filipino workers (OFWs) who send money home were unsatisfied with how their benef icia ries spend t he remittance, most of which ends up paying for food, education and debt. The study further showed that nine out of 10 respondents ag reed t hat a f i na ncia l literacy campaign would benefit them. “Financia l literacy is an essential component of access to inclusive financial services. It can assist in developing inclusive financial markets by empowering the poor to evaluate options and take responsibility for their financial decisions by choosing products and services best suited to their capacities and needs,” UNDP Philippines country director Toshihiro Tanaka said. “Grow t h becomes inclusive when the poor participate in the growth pro c e s s a nd s h a re t he benef its. With f inancial literacy, this participation in the growth process can become a reality as the poor develop their capacity to save and invest”, he said.

Ratings...

from page 15 as the firm is consistently seeking opportunities for expansion both through organic growth of its core businesses as well as through transactions and acquisitions that would add value to the company and to the Aboitiz group as a whole. Although there are no def inite transactions as this time, AEV said it is looking at major investment opportunities that build on its established competencies, includ ing t he power generation and distribution, infrastructure, renewable fuels, and real estate sectors. AEV said it will continue to consider such opportunities to the extent that such businesses would contribute to the overall strategic objectives of the group. Republic of the Philippines Department of Transportation and Communications LAND TRANSPORTATION FRANCHISING AND REGULATORY BOARD Region X, Cagayan de Oro City JUANITO G. CABALES,JR. -Vendo RURAL TRANSIT (MINDANAO), INC. –Vendee

CaseNo;2013-10-1745

APPLICANT request authority for approval of sale and transfer of certificate of public convenience to operate to PUB service on the line:Cagayan de Oro City to Balingoan,Misamis Oriental and vice versa with the use of eleven (11) units. This application will be considered by this Board on October 31, 2013, 10;00 A.M. at its Office, Apovel, Bulua, Cagayan de Oro City, on which date applicant shall formally submit his/ her evidence. At least FIVE(5)days prior to the date of hearing applicant shall publish its notice once in one(1) DAILY newspaper of general circulation in Mindanao Island. Parties opposed to the granting of the application must file their written opposition with documentary evidence submitted by the parties; unless the Board deems it necessary to receive additional documentary and/or oral evidence to be submitted by the parties. N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN DISMISSAL OF THE APPLICATION. WITNESS THE HONORABLE MANDANGAN P. DARIMBANG, CESO V, Regional Director, this 21st day of October, 2013.

MARIANNE C. ULEP Records Officer/Acting Docket Officer

www.johndprovoice.com

Expansion...

from page 15 undertake a share sale to ba n k rol l its ex pa nsion, including the establishment of production plants in Myanmar and Thailand to serve these markets. The company owns the license to manufacture and distribute RC Cola in the Philippines. “Asean integration is coming. We have all the rights [for RC Cola] for Asean countries and China,” Yao said. Besides ARC, Yao also owns Zesto-O Corp, whose listing at the Philippine Stock Exchange will “come a little later,” he said. Last February, Yao bared plans to take ARC public ahead of Zest-O following the P3.19-billion initial public offering (IPO) of Philippine Business Bank. But this was before the stock market rally was cut short in May following a statement by Federal Reserve chairman Ben Bernanke that the US central bank would withdraw its economic stimulus. The stimulus involves an $85-billion monthly bondbuying program that has fueled stock market rallies around the world.

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DATS TECHNICAL UNLI PROMO From September-October 2013 (TUITION ONLY)

15% DISCOUNT will be given if you enroll two or three of any of the above courses, or if you bring a friend and both of you enrolled, both of you will be given 15% DISCOUNT. The offer is applicable to cash term payment only. For installment term payment, it will be 5% DISCOUNT only. 20% DISCOUNT will be given to those who will enroll and pay 2 months before the course date. 10% DISCOUNT will be given to those who will enroll and pay 1 month before the course date. GROUP DISCOUNT PROMO (CASH TERM ONLY): 1. 15% OFF, if you refer 1 friend for the same course 2. 20% OFF, if you refer 2 friends for the same course 3. 40% OFF,if you refer 3 friends for the same course 4. 50% OFF, if you refer 4 friends for the same course 5. YOUR TRAINING TUITION IS FREE, if you bring 5 friends for the same course. GROUP DISCOUNT PROMO (FOR INSTALLMENT TERM): 1.) 7% OFF, if you refer 1 friend for the same course 2.) 10% OFF, if you refer 2 friends for the same course 3.) 20% OFF, if you refer 3 friends for the same course 4.) 25% OFF, if you refer 4 friends for the same course 5.) 50% OFF, if you bring 5 friends for the same course

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MAIN BRANCH: Lapasan Highway (Near Overpass), CDeO ANNEX: CM Recto Avenue (in front of Nazareno Church), CDeO 09177078089/85 . 12345/8567053

Republic of the Philippines Department of Transportation and Communications LAND TRANSPORTATION FRANCHISING AND REGULATORY BOARD Region X, Cagayan de Oro City EUSEBIO B. LAPIS Applicant/s

Case No;2013-10-1761 2008-10-199

2011-10-135

NOTICE OF HEARING

BWM: Oct. 23, 2013

For t he re t a i l b ond offering, AEV has tapped First Met ro Invest ment C or p or at ion to b e t he issue manager and lead underwriter. The bonds will be listed on the Philippine Dealing Exchange.

NOTICE OF HEARING APPLICANT request authority to extend the validity of certificate of public convenience to operate TAXI service on the line:Within Cagayan de Oro City and from said place to any point in Region X and vice versa with the use of one (1) units. This application will be considered by this Board on October 31, 2013, 10;00 A.M. at its Office, Apovel, Bulua, Cagayan de Oro City, on which date applicant shall formally submit his/ her evidence. At least FIVE(5)days prior to the date of hearing applicant shall publish its notice once in one(1) DAILY newspaper of general circulation in Mindanao Island. Parties opposed to the granting of the application must file their written opposition with documentary evidence submitted by the parties; unless the Board deems it necessary to receive additional documentary and/or oral evidence to be submitted by the parties. N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN DISMISSAL OF THE APPLICATION. WITNESS THE HONORABLE MANDANGAN P. DARIMBANG, CESO V, Regional Director, this 21st day of October, 2013.

MARIANNE C. ULEP Records Officer/Acting Docket Officer BWM: Oct. 23, 2013

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

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

Deficit... from page 16

percent. Accompanying the export growth was a slowdown in agricultural imports by 6.27 percent - $3.65 billion in the first six months of the year from $3.90 billion in the same period the previous year. Monthly importations for the first semester of the year were less compared to last year with the lowest level recorded in April at $557.53 million. E x pend itu res on t he country’s top 10 imports fell by 6.97 percent. The top 10 includes wheat, soybean oil/cake meal, milk cream and products, manufactured

fertilizer, bovine meat, coffee, rice, urea, manufactured tobacco, and tuna. T h e D e p a r t m e nt of Agriculture (DA) is working on opening new markets for major farm and fisheries products to further shrink the trade deficit.

Prices... from page 16

C or n pr ic e s on t he Chicago Board of Trade have fallen by 35% this year to $4.40 a bushel after peaking at more than $8 amid the 2012 drought that damaged much of the US crop. (There are 40 bushels in a ton.) Prices dropped again this month on reports the US Environmental Protection Agency might reduce the

clifford’s

Daily HOROSCOPE AQUARIUS (January 20 – February 18) - You spark a new romance -- or maybe rekindle an old one. It’s easier than you would have imagined, and your great energy helps keep things glowing longer than you would have dreamed. PISCES (February 19 – March 20) - You’re starting to get creeped out by how much is piled on your desk -- and then one more task gets added, and you’re overwhelmed. Get help! There’s no shame in delegating responsibility. ARIES (March 21 – April 19) - Life is sweet today! You can make all kinds of progress toward work goals, personal milestones or practically anything else without too much effort. It’s all thanks to smooth talking and fun people. TAURUS (April 20 – May 20) - You feel somewhat out of sorts today -- so much so that you’re drawing attention to yourself! It’s a good time for you to kick back and let things happen, even if you want to scream. GEMINI (May 21 – June 21) - Try not to worry about the future -- today’s good times and good energy are all that really matter. Things are looking up, but you are almost certain to leave some loose threads for later days. CANCER (June 22 – July 22) - You need to deal with a big issue that’s internal to your spiritual core. That means you need to handle it on your own, though you may find some old advice from a friend to be of great help.

required amount of ethanol in gasoline amid worries the ever-increasing use of the biofuel is damaging car engines. Ottawa requires gasoline to contain an average of 5% ethanol, a renewable fuel that has become a popular way to reduce harmful tailpipe emissions.

Rubber... from page 16

Producers’ Development Organization through its president, Edwin Gandingan, ha s a l so joi ned i n t he planning. Datukan said she was encouraged to push for a similar activity by the response of the stakeholders to the Mindanao Banana

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Congress held in General Santos City last August. T he proposed event, which will revolve around the theme: “Empowering the Rubber Growers as Partners for Sustainable Economic Growth,” would focus on helping rubber growers learn new technologies that could boost rubber production not only in SOCCSKSARGEN Region but also in the entire Mindanao. At the end of the congress, resolutions that will support the rubber industry are also expected to be passed for consideration by appropriate bodies. Tentatively, the Mindanao Rubber Congress is scheduled in Kidapawan City early next month.

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(HVCPD) of DA-12 indicated that in 2012, the country produced 88,943 metric tons (MT) of raw rubber. Of these, 27,869 MT were from Soccsksargen Region which includes the provinces of North Cotabato, South Cotabato, Sultan Kudarat and Sarangani and the cities of General Santos, Koronadal, Tacurong, Kidapawan, and Cotabato. (PNA)

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Aside from discussions on the important or rubber technoologies, Congress will also feature a f ield tour to rubber plantations in Makilala town. “I appe a l to r ubb er industry stakeholders to participate in the Congress as this is aimed at improving the industry,” she said. Data from the High Value Crops Development Program

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Originally entitled Turkeys, Free Birds is the latest movie to be released by Relativity Media that will ultimately become a turkey at the movie box office. In this lame animated movie that Disney, Pixar, Fox and many other movie studios passed on, two turkeys from opposite sides of the tracks must put aside their differences and team up to travel back in time to change the course of history - and get turkey off the holiday menu for good.

FREEBIRDS release date :

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N ovember 1, 2013

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

Yesterday’s Answer

of the same digit.

LEO (July 23 – August 22) - A friend comes to you with a dream -- though it may be something bigger than the two of you can pull off. Still, it’s exciting, and your social energy helps propel you toward something bigger and better. VIRGO (August 23 – September 22) - You can get to the heart of almost any issue today, so make sure that your left brain is fully engaged with the problems that matter the most to you. Answers pop up quickly, too! LIBRA (September 23 – October 22) - Your energy levels are through the roof today! That could mean that you’re running around taking care of business all day long or that you’re intensely focused on one big project, but go for it! SCORPIO (October 23 – November 21) - Try to pay closer attention to your business dealings -- at least one person merits careful consideration. That doesn’t mean they want to stab you in the back. It could be they need a promotion! SAGITTARIUS (November 22 – December 21) You’re close to a breakthrough mentally -- but you’re not quite there! Keep pushing, as today’s energy is perfect for philosophizing. Just don’t expect the epiphany to come quite yet. CAPRICORN (December 22 – January 19) - You need to speak more clearly today -- and that’s pretty easy for you. It’s a good time to communicate using whatever media is at hand. Things are looking up for you and yours!

Amazing Facts! Did you KNOW?? .. Monster waves of over 100 feet tall can suddenly appear at sea when there is no storm to cause them. They are actually accidental meetings of several waves that can combine to form one huge one that can easily sink a freighter.

CROSSWORD puzzle

across 38. Piece of rock 1. Bird of prey 39. Verse makers 5. Zygomatic bone DOWN 10. Alcoholic beverage 1. Alleviates 11. Deduct 2. Still in existence 12. Moral offense 3. Nonexclusive 13. Trims 4. If not 15. Adam and_ 5. Dock 16. Silkworm 6. _Sayyaf 17. Slave 7. Resinous substance 19. Legislates 8. Consumed food 22. People of Northern Luzon 9. Ceases from action 24. Put beyond hazard 14. Come before 25. Percussion instrument 18. Virus disease 28. Append 20. Conjunction 30. Mineral spring 21. Fashion accessory 31. Seaman 23. Rainbow color 35. Cager Taulava 24. Semifinals 36. Cake coating 26. Emotionally dis 37. Hair-styling preparation turbed

27. 29. 32. 33. 34.

Posts Fall Deed _de Janeiro Tavern

Yesterday’s Answer

Mindanao Daily 23 NEWS

wednesday | October 23, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Power... from page 13

Occidenta l I E lec t r ic Cooperative Inc. (MOELCI I); Negros Oriental I Electric Cooperative (NORECO); Quezon I Electric Cooperative (QUEZELCO I); Camarines Sur I Electric Cooperative (CASURECO I); Province of Siquijor Electric Cooperative (PROSIELCO); Marinduque Electric Cooperative (MARELCO); and Kalinga Apayao Electric Cooperative (KAELCO); as still not in the roster of ailing ECs. “ T h o u g h t h e y h ave registered financial net loss as of June 30, 2013, (they) are still not classified as ailing ECs,” NEA has qualified. The agency has explained that an EC will be considered ailing if “it has no means of meeting its outstanding obligations due to financial, technical and/or institutional inefficiency.” As it is, the agency has been closely monitoring the performance of all ECs so it can gauge which among them would be teetering into that “unhealthy operating condition.” NEA added that t he pa ra meters used in determining whether an EC is ailing or not are “high collection efficiency, low collection efficiency, current ratio, operating loss, huge liabilities and negative net worth.” These can a lso be compounded by institutional problems such as governance, consumer per employee ratio and adherence to policies. The agency reiterated that the ECs with ‘ailing’ label are around 11, including Pa mpa nga II Elect ric Cooperative; Camarines Sur Electric Cooperative; Albay Electric Cooperative; Masbate Electric Cooperative; Ticao Island Electric Cooperative Inc.; Northern Samar Electric Cooperative; Basilan Electric Cooperat ive; Taw i-Taw i Electric Cooperative; Sulu Electric Cooperative; Lanao del Sur Electric Cooperative; and Maguindanao Electric Cooperative. For ECs which no longer have resorts on operational turnaround, the NEA has been aiding them on remedial measures to be undertaken. And the heavily-indebted ones are being punished with supply disconnections; because allowing swelled liabilities to power suppliers would have chain effect on the overall viability of the restructured power industry.

Supply... from page 13

83.39-percent as paid for by consumers of ZAMSURECO II in recent years. In a press statement, Peakpower noted that the agreement “is subject to approva l by t he Energ y Regulatory Commission.” It was concurred by the relevant parties that the project will “be completed within a specified cooperation period.” Pea k power president Roel Z . Castro said

“their (ZAMSURECO II) acceptance of our proposal takes us one step closer towards overcoming the ongoing power shortage in the region.” The pact stipulated that “Peakpower would install and operate a complete and fully operational 5.0MW bunker-fired power plant within the franchise area of ZAMSURECO II.” After that Zamboanga development, the company has also been advancing the construction of two other bunker-fired power facilities in General Santos City via it s 2 0 -M W Pe a k p owe r Soccsksargen project; and 5.0M W Pea k power Sa n Francisco facility in Agusan del Sur. For ZAMSURECO II, its service area covers Vitali District in Zamboanga City as well as the 23 municipalities of Bayog, Buug, Diplahan, Kabasalan, Kumalarang, La kewood, Ipil, Imelda, Malangas, Mabuhay, Naga, Olutanga A licia, Payao, Siay. Roseller T. Lim, Titay, Tungawan and Talusan in Zamboanga del Sur; plus Siocom, Sirawai, Sibuco and Baliguianin in Zamboanga del Norte. Peakpower noted that the facility could help meet demand “for peaking power and improving economic stability in the area.” The def iciency in p ower supply t hat ha s been aff licting Mindanao grid, Peakpower said “has compelled ZAMSURECO II to implement manual load dropping and brownouts during hours of the day when power demand is at its peak, which leads to business and industry losses as well as inconvenience to consumers.” -- M Y R NA V E L A SCO, Contributor

Hydro... from page 13

the projects, we’re looking at starting constructing an access road so we can do further survey. So, for the hydro we’re hoping to start construction by next year,” Puno said. Earlier, the DOE issued a certificate of commerciality to First Gen’s 80 megawatts five hydro projects, including the 8-MW Tumalaong hydro plant, 8-MW Bubunawan hydro project in Bukidnon and 20-MW Tagoloan hydro project in Bukidnon. Meanwhile, the remaining two projects are located in Agusan del Norte with c a p a c i t i e s o f 14 - M W Cabadbaran hydropower plant and 30-MW Puyo hydropower plant. Puno said the First Gen M i nd a nao had a l re ady started civil works on the hydro projects, an initial step to comply with government’s requirements before they will be allowed to apply for feed-in-tariff (FIT) rates. According to a DOE regulation, any company needs to put up first the proposed renewable energy project before they can apply for 20-year FIT rates, which they will charge consumers.

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

DOE , howe ver, on ly allows 250 megawatts of power from hydro projects that can avail of the FIT rate of P5.90 per kilowatt-hour.

Exporters... from page 13

body that will evaluate the proposals of the members, and t hose who pass t he screening can avail of the funding. The amount will benefit about 50 members of the association who have exerted efforts to improve their businesses. Celso R. Gutierrez, senior vice-president for the small a nd med iu m enter pr ise sector of t he Philippine E x p o r t- I m p o r t C r e d i t Agency, said last week that the proposed loan would fall under its “wholesale direct lending program” for SMEs. Mr. Gutierrez said that t he cred it a genc y, a lso known as the Trade and Investment Development Corp. of the Philippines, will “most likely” approve the proposal.” This is because the agency has a program of prov iding shor t-term loans to small and medium enterprises for capability building and for working capital. Under t his prog ra m, an association can borrow between P10 million to P50 million, which can then be lent to its members. The loan can be used to buy tools and equipment, improve the workplace, set up a warehouse, improve the quality of products and even cover attendance at trade shows. Mr. Marañon earlier said that exporters, particularly small ones, do not have the necessary funds even for market research, so they find it difficult to produce goods the market needs. “We ne e d to have a better grasp of the market if we wa nt to grow our businesses,” he said. Belgian Raf Vlummens, entrepreneurial coach and president of Business and Entrepreneurial Training Academy, earlier said that local exporters could not enter key export markets because they are not keen on spending for market research. Mr. V lu m mens, who has been a Davao resident for years, said that local exporters should find time to study their intended markets so they can develop and package their products based on market requirements. He added t hat loc a l expor ters must not concentrate on exporting raw materia ls but must venture into adding value to their products to command better prices.

Relief... from page 17

a) Excluding existing loans of borrowers in affected areas from the computation of past due ratios provided these are restructured or given relief; b) Reducing the 5 percent general loan loss provision to 1 percent for restructured loans of borrowers in the affected areas; c) Non-imposition of penalties on legal reserves de f ic ienc ie s w it h he ad office and/or branches in the affected areas; d) Morator iu m on monthly payments due to BSP for banks with ongoing rehabilitation programs; e) S u b j e c t t o B S P approva l, book ing of a l lowa nce for probable losses on a staggered basis over maximum of five (5) years for all types of credit extended to individual and businesses directly affected by the calamity; f ) Non-imposition of monet a r y pena lt ies for delays in the submission of supervisory reports; For All Banks a) Allowing banks to provide financial assistance to t heir of f icers a nd employees who were affected by the calamity including those assistance that may not be within the scope of the existing BSP-approved Fringe Benefit Program; For All Rediscounting Banks a) Granting of a 60-day grace period to settle the outstanding rediscounting obligations as of 13 October 2013 with the BSP of all rediscounting banks in the affected areas; and b) Allowing banks to restructure with the BSP, on a case-to-case basis, the outstanding rediscounted loans of borrowers affected by the calamity. These measures will be in effect for a defined period and covered by additional specific and other prudential conditions. (PNA)

Payment... from page 17

flooding brought about by the southwest monsoon. T h e 7. 2 - m a g n i t u d e earthquake that shook Bohol was also felt in nearby areas w it h various intensities recorded in Cebu, Negros Occidental, Guimaras Island, Bacolod City, and Leyte, stretching to Davao City, Z a mb o a nga Pen i n su l a , Antique and Surigao del Sur. The National Disaster R isk Reduction and Ma nagement Cou nci l reported an estimated 3.2 million people affected by the earthquake.

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wednesday | October 23, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 â€˘ 0947-8935776